$USAP
UNIVERSAL STAINLESS & ALLOY PRODUCTS INC

2020 Q2 Form 10-Q Financial Statement

#000156459020034217 Filed on July 29, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $52.48M $71.00M
YoY Change -26.08% 7.46%
Cost Of Revenue $50.54M $61.89M
YoY Change -18.34% 13.82%
Gross Profit $1.940M $9.106M
YoY Change -78.7% -22.14%
Gross Profit Margin 3.7% 12.83%
Selling, General & Admin $5.400M $5.604M
YoY Change -3.64% -4.19%
% of Gross Profit 278.35% 61.54%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.960M $4.770M
YoY Change 3.98% -1.65%
% of Gross Profit 255.67% 52.38%
Operating Expenses $5.400M $5.604M
YoY Change -3.64% -4.19%
Operating Profit -$3.460M $3.502M
YoY Change -198.8% -40.1%
Interest Expense -$810.0K $1.022M
YoY Change -179.26% -19.4%
% of Operating Profit 29.18%
Other Income/Expense, Net $0.00 -$10.00K
YoY Change -100.0% -101.67%
Pretax Income -$4.270M $2.470M
YoY Change -272.87% -52.29%
Income Tax -$940.0K $384.0K
% Of Pretax Income 15.55%
Net Earnings -$3.331M $2.086M
YoY Change -259.68% -48.34%
Net Earnings / Revenue -6.35% 2.94%
Basic Earnings Per Share -$0.38 $0.24
Diluted Earnings Per Share -$0.38 $0.24
COMMON SHARES
Basic Shares Outstanding 8.810M 8.773M
Diluted Shares Outstanding 8.810M 8.848M

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $300.0K $200.0K
YoY Change 50.0% -33.33%
Cash & Equivalents $263.0K $228.0K
Short-Term Investments
Other Short-Term Assets $6.446M $5.351M
YoY Change 20.46% 28.48%
Inventory $135.1M $140.1M
Prepaid Expenses
Receivables $33.19M $41.02M
Other Receivables $0.00 $0.00
Total Short-Term Assets $175.0M $186.7M
YoY Change -6.28% 12.57%
LONG-TERM ASSETS
Property, Plant & Equipment $172.1M $175.9M
YoY Change -2.2% 1.56%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $752.0K $1.406M
YoY Change -46.51% -78.88%
Total Long-Term Assets $172.8M $177.3M
YoY Change -2.56% -1.41%
TOTAL ASSETS
Total Short-Term Assets $175.0M $186.7M
Total Long-Term Assets $172.8M $177.3M
Total Assets $347.8M $364.0M
YoY Change -4.47% 5.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.50M $33.29M
YoY Change -50.43% -7.22%
Accrued Expenses $5.700M $4.900M
YoY Change 16.33% -16.95%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $16.70M $3.900M
YoY Change 328.21% -41.79%
Total Short-Term Liabilities $39.41M $42.86M
YoY Change -8.03% -13.86%
LONG-TERM LIABILITIES
Long-Term Debt $55.80M $64.20M
YoY Change -13.08% 27.38%
Other Long-Term Liabilities $3.618M $3.326M
YoY Change 8.78% 17.07%
Total Long-Term Liabilities $3.618M $3.326M
YoY Change 8.78% 17.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $39.41M $42.86M
Total Long-Term Liabilities $3.618M $3.326M
Total Liabilities $108.4M $122.5M
YoY Change -11.56% 7.02%
SHAREHOLDERS EQUITY
Retained Earnings $145.7M $149.5M
YoY Change -2.52% 5.52%
Common Stock $95.91M $94.24M
YoY Change 1.78% 2.63%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.311M $2.311M
YoY Change 0.0% 0.92%
Treasury Stock Shares $294.3K $294.3K
Shareholders Equity $239.4M $241.5M
YoY Change
Total Liabilities & Shareholders Equity $347.8M $364.0M
YoY Change -4.46% 5.29%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income -$3.331M $2.086M
YoY Change -259.68% -48.34%
Depreciation, Depletion And Amortization $4.960M $4.770M
YoY Change 3.98% -1.65%
Cash From Operating Activities $7.350M $2.170M
YoY Change 238.71% -82.72%
INVESTING ACTIVITIES
Capital Expenditures -$3.180M -$3.840M
YoY Change -17.19% -7.69%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$3.180M -$3.840M
YoY Change -17.19% -7.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.150M 1.670M
YoY Change -348.5% -115.81%
NET CHANGE
Cash From Operating Activities 7.350M 2.170M
Cash From Investing Activities -3.180M -3.840M
Cash From Financing Activities -4.150M 1.670M
Net Change In Cash 20.00K -0.000000003027
YoY Change -660764199384746.1% -100.0%
FREE CASH FLOW
Cash From Operating Activities $7.350M $2.170M
Capital Expenditures -$3.180M -$3.840M
Free Cash Flow $10.53M $6.010M
YoY Change 75.21% -64.06%

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