$USAP
UNIVERSAL STAINLESS & ALLOY PRODUCTS INC

2021 Q1 Form 10-Q Financial Statement

#000156459021019800 Filed on April 21, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $37.04M $58.49M
YoY Change -36.68% -2.95%
Cost Of Revenue $37.29M $53.59M
YoY Change -30.41% 1.29%
Gross Profit -$248.0K $4.909M
YoY Change -105.05% -33.39%
Gross Profit Margin -0.67% 8.39%
Selling, General & Admin $5.230M $5.908M
YoY Change -11.48% 18.97%
% of Gross Profit 120.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.830M $5.030M
YoY Change -3.98% 8.17%
% of Gross Profit 102.46%
Operating Expenses $5.230M $5.908M
YoY Change -11.48% 18.97%
Operating Profit -$5.478M -$999.0K
YoY Change 448.35% -141.56%
Interest Expense $550.0K $952.0K
YoY Change -42.23% 4.27%
% of Operating Profit
Other Income/Expense, Net -$16.00K $17.00K
YoY Change -194.12% -180.95%
Pretax Income -$6.045M -$1.934M
YoY Change 212.56% -231.56%
Income Tax -$1.520M -$523.0K
% Of Pretax Income
Net Earnings -$4.529M -$1.411M
YoY Change 220.98% -215.47%
Net Earnings / Revenue -12.23% -2.41%
Basic Earnings Per Share -$0.51 -$0.16
Diluted Earnings Per Share -$0.51 -$0.16
COMMON SHARES
Basic Shares Outstanding 8.889M 8.801M
Diluted Shares Outstanding 8.889M 8.801M

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $400.0K $200.0K
YoY Change 100.0% 0.0%
Cash & Equivalents $233.0K
Short-Term Investments
Other Short-Term Assets $7.200M $8.877M
YoY Change -18.89% 57.23%
Inventory $111.6M $146.8M
Prepaid Expenses
Receivables $20.70M $36.61M
Other Receivables $0.00 $0.00
Total Short-Term Assets $139.9M $192.5M
YoY Change -27.33% 2.6%
LONG-TERM ASSETS
Property, Plant & Equipment $164.5M $174.0M
YoY Change -5.46% -1.57%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $300.0K $758.0K
YoY Change -60.42% -38.37%
Total Long-Term Assets $164.7M $174.8M
YoY Change -5.75% -1.82%
TOTAL ASSETS
Total Short-Term Assets $139.9M $192.5M
Total Long-Term Assets $164.7M $174.8M
Total Assets $304.6M $367.3M
YoY Change -17.06% 0.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $19.20M $29.91M
YoY Change -35.8% -28.45%
Accrued Expenses $3.400M $4.000M
YoY Change -15.0% 5.26%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.900M $17.20M
YoY Change -88.95% 341.03%
Total Short-Term Liabilities $25.00M $51.67M
YoY Change -51.62% 2.81%
LONG-TERM LIABILITIES
Long-Term Debt $49.70M $59.10M
YoY Change -15.91% -3.9%
Other Long-Term Liabilities $4.300M $3.681M
YoY Change 16.82% 8.91%
Total Long-Term Liabilities $54.00M $3.681M
YoY Change 1366.99% 8.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $25.00M $51.67M
Total Long-Term Liabilities $54.00M $3.681M
Total Liabilities $83.20M $124.9M
YoY Change -33.39% -1.55%
SHAREHOLDERS EQUITY
Retained Earnings $149.1M
YoY Change 1.11%
Common Stock $95.50M
YoY Change 1.91%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.311M
YoY Change 0.92%
Treasury Stock Shares $294.3K
Shareholders Equity $221.5M $242.4M
YoY Change
Total Liabilities & Shareholders Equity $304.6M $367.3M
YoY Change -17.06% 0.44%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income -$4.529M -$1.411M
YoY Change 220.98% -215.47%
Depreciation, Depletion And Amortization $4.830M $5.030M
YoY Change -3.98% 8.17%
Cash From Operating Activities $1.620M -$7.772M
YoY Change -120.84% -56.44%
INVESTING ACTIVITIES
Capital Expenditures -$2.680M $4.042M
YoY Change -166.3% -27.26%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$2.680M -$4.042M
YoY Change -33.7% -27.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.330M 11.88M
YoY Change -88.8% -40.48%
NET CHANGE
Cash From Operating Activities 1.620M -7.772M
Cash From Investing Activities -2.680M -4.042M
Cash From Financing Activities 1.330M 11.88M
Net Change In Cash 270.0K 63.00K
YoY Change 328.57% -101.83%
FREE CASH FLOW
Cash From Operating Activities $1.620M -$7.772M
Capital Expenditures -$2.680M $4.042M
Free Cash Flow $4.300M -$11.81M
YoY Change -136.4% -49.51%

Facts In Submission

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