$USAP
UNIVERSAL STAINLESS & ALLOY PRODUCTS INC

2020 Q1 Form 10-Q Financial Statement

#000156459020017969 Filed on April 22, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $58.49M $60.27M
YoY Change -2.95% -5.44%
Cost Of Revenue $53.59M $52.90M
YoY Change 1.29% -2.88%
Gross Profit $4.909M $7.370M
YoY Change -33.39% -20.51%
Gross Profit Margin 8.39% 12.23%
Selling, General & Admin $5.908M $4.966M
YoY Change 18.97% -4.63%
% of Gross Profit 120.35% 67.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.030M $4.650M
YoY Change 8.17% -2.31%
% of Gross Profit 102.46% 63.09%
Operating Expenses $5.908M $4.966M
YoY Change 18.97% -4.63%
Operating Profit -$999.0K $2.404M
YoY Change -141.56% -40.86%
Interest Expense $952.0K $913.0K
YoY Change 4.27% -24.3%
% of Operating Profit 37.98%
Other Income/Expense, Net $17.00K -$21.00K
YoY Change -180.95% -148.84%
Pretax Income -$1.934M $1.470M
YoY Change -231.56% -49.35%
Income Tax -$523.0K $248.0K
% Of Pretax Income 16.87%
Net Earnings -$1.411M $1.222M
YoY Change -215.47% -42.49%
Net Earnings / Revenue -2.41% 2.03%
Basic Earnings Per Share -$0.16 $0.14
Diluted Earnings Per Share -$0.16 $0.14
COMMON SHARES
Basic Shares Outstanding 8.801M 8.762M
Diluted Shares Outstanding 8.801M 8.861M

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $200.0K $200.0K
YoY Change 0.0% 0.0%
Cash & Equivalents $233.0K $237.0K
Short-Term Investments
Other Short-Term Assets $8.877M $5.646M
YoY Change 57.23% 41.15%
Inventory $146.8M $147.1M
Prepaid Expenses
Receivables $36.61M $34.62M
Other Receivables $0.00 $0.00
Total Short-Term Assets $192.5M $187.6M
YoY Change 2.6% 18.9%
LONG-TERM ASSETS
Property, Plant & Equipment $174.0M $176.8M
YoY Change -1.57% 1.65%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $758.0K $1.230M
YoY Change -38.37% -86.18%
Total Long-Term Assets $174.8M $178.0M
YoY Change -1.82% -2.63%
TOTAL ASSETS
Total Short-Term Assets $192.5M $187.6M
Total Long-Term Assets $174.8M $178.0M
Total Assets $367.3M $365.6M
YoY Change 0.44% 7.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $29.91M $41.80M
YoY Change -28.45% 47.18%
Accrued Expenses $4.000M $3.800M
YoY Change 5.26% 8.57%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $17.20M $3.900M
YoY Change 341.03% -41.79%
Total Short-Term Liabilities $51.67M $50.26M
YoY Change 2.81% 26.28%
LONG-TERM LIABILITIES
Long-Term Debt $59.10M $61.50M
YoY Change -3.9% -34.01%
Other Long-Term Liabilities $3.681M $3.380M
YoY Change 8.91% 12.67%
Total Long-Term Liabilities $3.681M $3.380M
YoY Change 8.91% -96.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $51.67M $50.26M
Total Long-Term Liabilities $3.681M $3.380M
Total Liabilities $124.9M $126.9M
YoY Change -1.55% -13.29%
SHAREHOLDERS EQUITY
Retained Earnings $149.1M $147.4M
YoY Change 1.11%
Common Stock $95.50M $93.71M
YoY Change 1.91%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.311M $2.290M
YoY Change 0.92%
Treasury Stock Shares $294.3K $292.9K
Shareholders Equity $242.4M $238.8M
YoY Change
Total Liabilities & Shareholders Equity $367.3M $365.6M
YoY Change 0.44% 7.35%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income -$1.411M $1.222M
YoY Change -215.47% -42.49%
Depreciation, Depletion And Amortization $5.030M $4.650M
YoY Change 8.17% -2.31%
Cash From Operating Activities -$7.772M -$17.84M
YoY Change -56.44% 44.41%
INVESTING ACTIVITIES
Capital Expenditures $4.042M $5.557M
YoY Change -27.26% 123.62%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$4.042M -$5.557M
YoY Change -27.26% 123.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 11.88M 19.96M
YoY Change -40.48% -13.95%
NET CHANGE
Cash From Operating Activities -7.772M -17.84M
Cash From Investing Activities -4.042M -5.557M
Cash From Financing Activities 11.88M 19.96M
Net Change In Cash 63.00K -3.442M
YoY Change -101.83% -141.22%
FREE CASH FLOW
Cash From Operating Activities -$7.772M -$17.84M
Capital Expenditures $4.042M $5.557M
Free Cash Flow -$11.81M -$23.40M
YoY Change -49.51% 57.68%

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Files In Submission

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usap-10q_20200331.htm Edgar Link pending
usap-20200331.xml Edgar Link completed
usap-20200331.xsd Edgar Link pending
usap-20200331_cal.xml Edgar Link unprocessable
usap-20200331_def.xml Edgar Link unprocessable
usap-20200331_lab.xml Edgar Link unprocessable
usap-20200331_pre.xml Edgar Link unprocessable
usap-ex311_8.htm Edgar Link pending
usap-ex312_6.htm Edgar Link pending
usap-ex321_7.htm Edgar Link pending