Servotronics, Inc. (SVT) Financial Statements (2024 and earlier)

Company Profile

Business Address 1110 MAPLE ST
ELMA, NY 14059
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 342 - Cutlery, Handtools, And General Hardware (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,0049,5465,9352,0292,5984,707
Cash and cash equivalents4,0049,5465,9352,0292,5984,707
Restricted cash and investments      
Receivables9,4697,1987,63613,18310,5868,424
Inventory, net of allowances, customer advances and progress billings19,04420,13223,40620,15115,15012,791
Inventory19,04420,13223,40620,15115,15012,791
Prepaid expense138792483416314 
Disposal group, including discontinued operation      
Other current assets597647383522496249
Total current assets:33,25238,31537,84336,30129,14426,171
Noncurrent Assets
Property, plant and equipment10,65610,55712,01712,71711,87511,021
Other noncurrent assets314321331345371385
Other undisclosed noncurrent assets 1,072900137107295409
Total noncurrent assets:12,04211,77812,48513,16912,54111,815
TOTAL ASSETS:45,29450,09350,32849,47041,68537,986
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,7063,9724,1347,7935,2804,581
Interest and dividends payable 121713 
Taxes payable    414
Employee-related liabilities1,8951,6492,2831,9082,520
Accounts payable3,1136631,5994,4582,4941,377
Accrued liabilities2,5931,4148741,035865270
Debt 2762,635849723681
Other undisclosed current liabilities501    602
Total current liabilities:6,2074,2486,7698,6426,0035,864
Noncurrent Liabilities
Long-term debt and lease obligation, including:  4,7507,2935,1707762,950
Long-term debt, excluding current maturities  4,7507,2935,1702,4102,950
Other undisclosed long-term debt and lease obligation     (1,634) 
Liabilities, other than long-term debt3,9755,7292,5292,1261,1151,007
Asset retirement obligations  5,7292,5292,126  
Liability, pension and other postretirement and postemployment benefits3,975   1,1151,007
Total noncurrent liabilities:3,97510,4799,8227,2961,8913,957
Total liabilities:10,18214,72716,59115,9387,8949,821
Equity
Equity, attributable to parent, including:35,11235,36633,73733,53231,51328,165
Common stock523523523523523523
Treasury stock, value(1,214)(1,349)(1,355)(1,471)(1,522)(1,544)
Additional paid in capital14,55614,50014,48114,35814,25014,171
Accumulated other comprehensive income (loss)(2,337)(3,908)(1,356)9835(32)
Retained earnings23,74125,85821,80320,48418,78815,709
Other undisclosed equity, attributable to parent(157)(258)(359)(460)(561)(662)
Total equity:35,11235,36633,73733,53231,51328,165
Other undisclosed liabilities and equity     2,278 
TOTAL LIABILITIES AND EQUITY:45,29450,09350,32849,47041,68537,986

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues43,82140,55849,84455,27247,85741,444
Revenue, net41,444
Cost of revenue
(Cost of Goods and Services Sold)
(37,877)(34,570)(41,604)(43,146)  
Other undisclosed gross profit     (35,772) 
Gross profit:5,9445,9888,24012,12612,08541,444
Operating expenses(8,427)(11,313)(8,178)(9,438)(7,850)(8,692)
Other undisclosed operating income      
Operating income (loss):(2,483)(5,325)622,6884,23532,752
Nonoperating income (expense)(204)9,337   10
Other nonoperating income  5,622   10
Interest and debt expense(240)(187)(180)(125)(107)(77)
Income (loss) from continuing operations before equity method investments, income taxes:(2,927)3,825(118)2,5634,12832,685
Other undisclosed income (loss) from continuing operations before income taxes240187180125107(30,610)
Income (loss) from continuing operations before income taxes:(2,687)4,012622,6884,2352,075
Income tax expense (benefit)5704338(579)(737)(758)
Income (loss) from continuing operations:(2,117)4,0551002,1093,4981,317
Income before gain (loss) on sale of properties:4,0551002,1093,4981,317
Loss from discontinued operations      
Net income (loss) available to common stockholders, diluted:(2,117)4,0551002,1093,4981,317

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(2,117)4,0551002,1093,4981,317
Other comprehensive income1,6722,451134   
Comprehensive income (loss):(445)6,5062342,1093,4981,317
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(101)(5,003)(369)6367(12)
Comprehensive income (loss), net of tax, attributable to parent:(546)1,503(135)2,1723,5651,305

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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