Ultralife Corporation (ULBI) Financial Statements (2024 and earlier)

Company Profile

Business Address 2000 TECHNOLOGY PARKWAY
NEWARK, NY 14513
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 369 - Miscellaneous Electrical Machinery, Equipment, and Supplies (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 investments5,6348,32910,5627,13525,58318,241
Cash and cash equivalents5,6348,32910,5627,13525,58318,241
Receivables27,77920,23221,05430,10616,01514,657
Inventory, net of allowances, customer advances and progress billings41,19233,18928,19329,75922,84326,326
Inventory41,19233,18928,19329,75922,84326,326
Other undisclosed current assets4,3834,7744,6873,3732,7802,692
Total current assets:78,98866,52464,49670,37367,22161,916
Noncurrent Assets
Operating lease, right-of-use asset    1,866
Property, plant and equipment21,71623,20522,85022,52510,7447,570
Intangible assets, net (including goodwill)53,34955,45836,22746,19533,11727,543
Goodwill37,42838,06827,01826,75320,10920,458
Intangible assets, net (excluding goodwill)15,92117,3909,20919,44213,0087,085
Deferred income tax assets12,06911,47211,836 
Other noncurrent assets2,3082,8792,2921,96382125
Other undisclosed noncurrent assets    1,6358,94032
Total noncurrent assets:89,44293,01473,20574,18452,88335,270
TOTAL ASSETS:168,430159,538137,701144,557120,10497,186
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities18,96411,66512,58711,04311,41311,200
Employee-related liabilities1,8421,7481,6551,4942,413
Accounts payable16,0749,82310,8399,3889,9198,787
Accrued liabilities2,890     
Debt2,0002,0001,3611,372  
Other liabilities7,9495,2594,7584,7753,4132,871
Other undisclosed current liabilities     121168
Total current liabilities:28,91318,92418,70617,19014,94714,239
Noncurrent Liabilities
Long-term debt and lease obligation19,31018,857 15,780  
Long-term debt, excluding current maturities19,31018,857 15,780  
Liabilities, other than long-term debt3,8044,0142,0721,2786233,898
Deferred tax liabilities, net5913,867
Deferred income tax liabilities1,9172,254515 
Other liabilities1,8871,7601,5571,2783231
Other undisclosed noncurrent liabilities    559  
Total noncurrent liabilities:23,11422,8712,07217,6176233,898
Total liabilities:52,02741,79520,77834,80715,57018,137
Equity
Equity, attributable to parent, including:116,277117,616116,800109,726104,61979,203
Common stock2,0572,0522,0372,026 1,966
Treasury stock, value(21,484)(21,469)(21,321)(21,231)(19,266) 
Additional paid in capital187,405186,518185,464184,292182,630180,211
Accumulated other comprehensive loss(3,750)(1,653)(1,782)(2,531)(2,786)(1,611)
Accumulated deficit(47,951)(47,832)(47,598)(52,830)(57,964)(82,894)
Other undisclosed equity, attributable to parent     2,005(18,469)
Equity, attributable to noncontrolling interest12612712324(85)(154)
Total equity:116,403117,743116,923109,750104,53479,049
TOTAL LIABILITIES AND EQUITY:168,430159,538137,701144,557120,10497,186

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
Revenues131,84098,267107,712106,79587,19085,531
Cost of revenue(102,440)(73,625)(78,553)(75,630)(61,607)(59,299)
Gross profit:29,40024,64229,15931,16525,58326,232
Operating expenses(29,271)(24,607)(23,458)(23,797)(19,028)(19,756)
Operating income:129355,7017,3686,5556,476
Nonoperating income (expense)(575)(186)1,322(58)1212
Other nonoperating income (expense)37656165(58)1212
Interest and debt expense(951)(242)(436)(539)(63)(183)
Income (loss) from continuing operations before equity method investments, income taxes:(1,397)(393)6,5876,7716,6136,295
Other undisclosed income from continuing operations before income taxes951242436   
Income (loss) from continuing operations before income taxes:(446)(151)7,0236,7716,6136,295
Income tax expense (benefit)326(79)(1,692)(1,457)18,3861,369
Income (loss) from continuing operations:(120)(230)5,3315,31424,9997,664
Income (loss) before gain (loss) on sale of properties:(230)5,3315,31424,9997,664
Net income (loss):(120)(230)5,3315,31424,9997,664
Net income (loss) attributable to noncontrolling interest1(4)(99)(109)(69)(16)
Other undisclosed net income attributable to parent      
Net income (loss) available to common stockholders, diluted:(119)(234)5,2325,20524,9307,648

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):(120)(230)5,3315,31424,9997,664
Comprehensive income (loss):(120)(230)5,3315,31424,9997,664
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1(4)(99)(109)(69)(16)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2,097)129749255(1,175)1,469
Comprehensive income (loss), net of tax, attributable to parent:(2,216)(105)5,9815,46023,7559,117

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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