$USAP
UNIVERSAL STAINLESS & ALLOY PRODUCTS INC

2021 Q3 Form 10-Q Financial Statement

#000156459021051280 Filed on October 20, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q4 2020 Q3
Revenue $37.17M $31.32M $37.43M
YoY Change -0.71% -43.23% -33.82%
Cost Of Revenue $34.86M $36.40M $41.86M
YoY Change -16.72% -26.2% -18.34%
Gross Profit $2.307M -$5.080M -$4.430M
YoY Change -152.08% -186.78% -183.46%
Gross Profit Margin 6.21% -16.22% -11.83%
Selling, General & Admin $5.010M $4.290M $4.150M
YoY Change 20.72% -18.29% -8.29%
% of Gross Profit 217.17%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.780M $4.730M $4.730M
YoY Change 1.06% -3.27% -1.87%
% of Gross Profit 207.2%
Operating Expenses $5.010M $4.290M $4.150M
YoY Change 20.72% -18.29% -8.29%
Operating Profit -$2.703M -$9.370M -$8.580M
YoY Change -68.5% -1656.48% -1195.79%
Interest Expense -$539.0K -$610.0K -$640.0K
YoY Change -15.78% -39.6% -39.05%
% of Operating Profit
Other Income/Expense, Net -$9.000K $820.0K $290.0K
YoY Change -103.1% 1540.0% -35.56%
Pretax Income $6.749M -$9.160M -$8.930M
YoY Change -175.58% 2444.44% -4800.0%
Income Tax -$1.141M -$1.850M -$1.930M
% Of Pretax Income -16.91%
Net Earnings $7.890M -$7.310M -$7.000M
YoY Change -212.71% -3755.0% -1012.65%
Net Earnings / Revenue 21.23% -23.34% -18.7%
Basic Earnings Per Share $0.88 -$0.79
Diluted Earnings Per Share $0.87 -$827.9K -$0.79
COMMON SHARES
Basic Shares Outstanding 8.918M 8.830M
Diluted Shares Outstanding 9.082M 8.830M

Balance Sheet

Concept 2021 Q3 2020 Q4 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $79.00K $200.0K $100.0K
YoY Change -21.0% 0.0% -91.67%
Cash & Equivalents $79.00K $164.0K $58.00K
Short-Term Investments
Other Short-Term Assets $5.261M $7.471M $4.800M
YoY Change 9.6% -9.99% -16.61%
Inventory $135.6M $111.4M $120.9M
Prepaid Expenses
Receivables $19.71M $18.10M $26.50M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $160.7M $137.1M $152.3M
YoY Change 5.49% -28.39% -17.25%
LONG-TERM ASSETS
Property, Plant & Equipment $159.3M $165.0M $169.4M
YoY Change -5.93% -6.29% -3.73%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $950.0K $947.0K $200.0K
YoY Change 375.0% 8.73% -80.04%
Total Long-Term Assets $160.3M $165.9M $169.6M
YoY Change -5.48% -6.22% -4.16%
TOTAL ASSETS
Total Short-Term Assets $160.7M $137.1M $152.3M
Total Long-Term Assets $160.3M $165.9M $169.6M
Total Assets $321.0M $303.0M $321.9M
YoY Change -0.29% -17.74% -10.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $29.95M $12.63M $12.40M
YoY Change 141.52% -69.12% -61.44%
Accrued Expenses $5.089M $2.100M $3.500M
YoY Change 45.4% -55.32% -12.5%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.408M $16.70M $16.70M
YoY Change -85.58% 328.21% 328.21%
Total Short-Term Liabilities $38.11M $33.89M $34.00M
YoY Change 12.09% -32.38% -16.72%
LONG-TERM LIABILITIES
Long-Term Debt $49.13M $33.50M $43.90M
YoY Change 11.9% -44.54% -29.42%
Other Long-Term Liabilities $4.082M $4.277M $3.700M
YoY Change 10.32% 13.6% 12.7%
Total Long-Term Liabilities $4.082M $4.277M $47.60M
YoY Change -91.42% 13.6% 1349.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $38.11M $33.89M $34.00M
Total Long-Term Liabilities $4.082M $4.277M $47.60M
Total Liabilities $93.41M $77.37M $89.30M
YoY Change 4.6% -38.24% -24.55%
SHAREHOLDERS EQUITY
Retained Earnings $132.3M $131.4M
YoY Change -12.66%
Common Stock $95.24M $94.29M
YoY Change -0.74%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.311M
YoY Change 0.0%
Treasury Stock Shares $0.00 $294.3K
Shareholders Equity $227.5M $225.7M $232.6M
YoY Change
Total Liabilities & Shareholders Equity $321.0M $303.0M $321.9M
YoY Change -0.29% -17.74% -10.84%

Cashflow Statement

Concept 2021 Q3 2020 Q4 2020 Q3
OPERATING ACTIVITIES
Net Income $7.890M -$7.310M -$7.000M
YoY Change -212.71% -3755.0% -1012.65%
Depreciation, Depletion And Amortization $4.780M $4.730M $4.730M
YoY Change 1.06% -3.27% -1.87%
Cash From Operating Activities -$6.574M $11.21M $13.02M
YoY Change -150.49% 140.56% 97.27%
INVESTING ACTIVITIES
Capital Expenditures -$2.031M -$680.0K -$1.260M
YoY Change 61.19% -83.17% -67.77%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$2.031M -$680.0K -$1.260M
YoY Change 61.19% -83.17% -67.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 8.526M -10.42M -11.97M
YoY Change -171.23% 531.52% 459.35%
NET CHANGE
Cash From Operating Activities -6.574M 11.21M 13.02M
Cash From Investing Activities -2.031M -680.0K -1.260M
Cash From Financing Activities 8.526M -10.42M -11.97M
Net Change In Cash -79.00K 110.0K -210.0K
YoY Change -62.38% -110.68% -138.18%
FREE CASH FLOW
Cash From Operating Activities -$6.574M $11.21M $13.02M
Capital Expenditures -$2.031M -$680.0K -$1.260M
Free Cash Flow -$4.543M $11.89M $14.28M
YoY Change -131.81% 36.67% 35.87%

Facts In Submission

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