$CVR
CHICAGO RIVET & MACHINE CO

2022 Q4 Form 10-Q Financial Statement

#000119312522280131 Filed on November 08, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $6.857M $8.568M $8.556M
YoY Change -11.51% 0.14% 11.91%
Cost Of Revenue $7.464M $7.448M $7.070M
YoY Change 15.16% 5.35% 17.73%
Gross Profit -$607.2K $1.120M $1.486M
YoY Change -147.9% -24.64% -9.42%
Gross Profit Margin -8.85% 13.07% 17.37%
Selling, General & Admin $1.183M $1.250M $1.290M
YoY Change 1.14% -3.07% 2.47%
% of Gross Profit 111.65% 86.81%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $319.7K $319.3K $330.5K
YoY Change -2.39% -3.39% -2.45%
% of Gross Profit 28.51% 22.24%
Operating Expenses $1.183M -$3.488M $1.290M
YoY Change 1.14% -370.38% 2.47%
Operating Profit -$1.790M $4.608M $196.0K
YoY Change -1919.4% 2251.22% -48.63%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $56.09K $13.14K $11.67K
YoY Change 374.94% 12.62% -64.25%
Pretax Income -$1.734M $4.621M $207.7K
YoY Change -1673.47% 2125.3% -49.86%
Income Tax -$421.0K $1.042M $35.00K
% Of Pretax Income 22.55% 16.85%
Net Earnings -$1.313M $3.579M $172.7K
YoY Change -1716.96% 1972.89% -44.15%
Net Earnings / Revenue -19.14% 41.77% 2.02%
Basic Earnings Per Share
Diluted Earnings Per Share -$1.36 $3.705M $178.7K
COMMON SHARES
Basic Shares Outstanding 966.1K shares 966.1K shares 966.1K shares
Diluted Shares Outstanding 966.1K shares 966.1K shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.736M $8.070M $5.616M
YoY Change 40.98% 43.68% -24.85%
Cash & Equivalents $4.045M $5.329M $2.875M
Short-Term Investments $2.691M $2.741M $2.741M
Other Short-Term Assets $422.7K $422.0K $477.6K
YoY Change 22.1% -11.64% -24.76%
Inventory $9.121M $9.921M $7.745M
Prepaid Expenses
Receivables $4.975M $6.578M $6.075M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $21.76M $24.99M $19.91M
YoY Change 12.81% 25.5% 8.23%
LONG-TERM ASSETS
Property, Plant & Equipment $11.86M $11.91M $12.72M
YoY Change -4.91% -6.37% -2.43%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $11.86M $11.91M $12.72M
YoY Change -4.91% -6.37% -2.43%
TOTAL ASSETS
Total Short-Term Assets $21.76M $24.99M $19.91M
Total Long-Term Assets $11.86M $11.91M $12.72M
Total Assets $33.63M $36.90M $32.63M
YoY Change 5.85% 13.08% 3.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $697.2K $897.4K $1.177M
YoY Change 0.66% -23.72% 30.92%
Accrued Expenses $328.0K $411.5K $1.229M
YoY Change -10.5% -66.52% 1.62%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.691M $3.487M $2.614M
YoY Change -9.6% 33.38% 17.46%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.691M $3.487M $2.614M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $2.639M $4.387M $3.531M
YoY Change -5.63% 24.23% 14.04%
SHAREHOLDERS EQUITY
Retained Earnings $33.32M $34.85M
YoY Change 6.44%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.922M $3.922M
YoY Change 0.0%
Treasury Stock Shares
Shareholders Equity $30.99M $32.51M $29.10M
YoY Change
Total Liabilities & Shareholders Equity $33.63M $36.90M $32.63M
YoY Change 5.85% 13.08% 3.81%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$1.313M $3.579M $172.7K
YoY Change -1716.96% 1972.89% -44.15%
Depreciation, Depletion And Amortization $319.7K $319.3K $330.5K
YoY Change -2.39% -3.39% -2.45%
Cash From Operating Activities -$852.2K $124.7K -$166.9K
YoY Change 57.09% -174.73% -57.34%
INVESTING ACTIVITIES
Capital Expenditures $273.9K -$484.4K -$242.4K
YoY Change -428.85% 99.81% 101.49%
Acquisitions
YoY Change
Other Investing Activities $55.00K $5.038M -$739.2K
YoY Change -781.58% -313.03%
Cash From Investing Activities -$218.9K $4.554M -$981.6K
YoY Change 162.78% -563.92% -533.01%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -212.5K -212.6K -212.6K
YoY Change 0.0% 0.0% 119.99%
NET CHANGE
Cash From Operating Activities -852.2K 124.7K -166.9K
Cash From Investing Activities -218.9K 4.554M -981.6K
Cash From Financing Activities -212.5K -212.6K -212.6K
Net Change In Cash -1.284M 4.466M -1.361M
YoY Change 53.12% -428.14% 421.38%
FREE CASH FLOW
Cash From Operating Activities -$852.2K $124.7K -$166.9K
Capital Expenditures $273.9K -$484.4K -$242.4K
Free Cash Flow -$1.126M $609.0K $75.56K
YoY Change 145.22% 706.05% -127.9%

Facts In Submission

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dei Document Period End Date
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2022-09-30
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dei Entity Incorporation State Country Code
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dei Entity Tax Identification Number
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DeferredIncomeTaxExpenseBenefit
-26000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-94000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-930130 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-911293 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1401692 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-2591976 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-75326 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-7890 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
204795 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
710141 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
328698 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
389796 usd
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
1209687 usd
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
34353 usd
us-gaap Increase Decrease In Customer Advances And Deposits
IncreaseDecreaseInCustomerAdvancesAndDeposits
-127094 usd
us-gaap Increase Decrease In Customer Advances And Deposits
IncreaseDecreaseInCustomerAdvancesAndDeposits
-40959 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-412742 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-466987 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
696073 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
587615 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
5038240 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
7800 usd
us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
1245000 usd
us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
4084000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
4342167 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
1412185 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
637647 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
637647 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-637647 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-637647 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
3291778 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
307551 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2036954 usd
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2567731 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5328732 usd
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2875282 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font:10pt Arial;margin:0">2.  The Company extends credit on the basis of terms that are customary within our markets to various companies doing business primarily in the automotive industry.  The Company has a concentration of credit risk primarily within the automotive industry and in the Midwestern United States. </p>
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8567785 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8555731 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
26788879 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
26225070 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8567785 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8555731 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
26788879 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
26225070 usd
CY2022Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
5018465 usd
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
4645923 usd
CY2022Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
3143844 usd
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
2181457 usd
CY2022Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
2395163 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
2304400 usd
CY2022Q3 us-gaap Inventory Gross
InventoryGross
10557472 usd
CY2021Q4 us-gaap Inventory Gross
InventoryGross
9131780 usd
CY2022Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
636000 usd
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
612000 usd
CY2022Q3 us-gaap Inventory Net
InventoryNet
9921472 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
8519780 usd

Files In Submission

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0001193125-22-280131.txt Edgar Link pending
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cvr-20220930.xsd Edgar Link pending
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