TPIC: Tpi Composites Inc Financial Statements
Balance sheet, income statement, and cash flow statements for Tpi Composites Inc (TPIC).
$89.89M Market Cap.
TPIC Market Cap. (MRY)
TPIC Shares Outstanding (MRY)
TPIC Assets (MRY)
Total Assets
$692.46M
Total Liabilities
$1.07B
Total Investments
$0
TPIC Income (MRY)
Revenue
$1.33B
Net Income
-$240.71M
Operating Expense
$55.72M
TPIC Cash Flow (MRY)
CF Operations
$12.50M
CF Investing
-$26.20M
CF Financing
$50.96M
TPIC Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $692,464,000 (-13.88%) | $804,080,000 (-16.43%) | $962,176,000 (-4.52%) | $1,007,701,000 (5.38%) |
Assets Current | $445,090,000 (-11.53%) | $503,075,000 (-22.02%) | $645,162,000 (-2.29%) | $660,271,000 (20.45%) |
Assets Non-Current | $247,374,000 (-17.82%) | $301,005,000 (-5.05%) | $317,014,000 (-8.75%) | $347,430,000 (-14.87%) |
Goodwill & Intangible Assets | $3,465,000 (-33.99%) | $5,249,000 (0%) | $0 (0%) | $5,679,000 (-18.32%) |
Shareholders Equity | -$373,236,000 (-205.17%) | -$122,304,000 (-342.25%) | $50,487,000 (-58.60%) | $121,952,000 (-39.34%) |
Property Plant & Equipment Net | $215,733,000 (-18.57%) | $264,932,000 (-8.38%) | $289,153,000 (6.38%) | $271,816,000 (-26.10%) |
Cash & Equivalents | $206,157,000 (19.93%) | $171,897,000 (19.87%) | $143,400,000 (-36.63%) | $226,289,000 (73.81%) |
Accumulated Other Comprehensive Income | -$22,818,000 (-199.17%) | -$7,627,000 (50.43%) | -$15,387,000 (71.51%) | -$54,006,000 (-63.70%) |
Deferred Revenue | $40,392,000 (68.15%) | $24,021,000 (40.47%) | $17,100,000 (1242.23%) | $1,274,000 (107.49%) |
Total Investments | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Investments Non-Current | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Inventory | $3,968,000 (-57.88%) | $9,420,000 (-11.64%) | $10,661,000 (5.01%) | $10,152,000 (-6.34%) |
Trade & Non-Trade Receivables | $130,645,000 (-5.35%) | $138,029,000 (-25.31%) | $184,809,000 (20.80%) | $152,992,000 (15.23%) |
Trade & Non-Trade Payables | $235,469,000 (3.40%) | $227,723,000 (-18.82%) | $280,499,000 (-1.07%) | $283,536,000 (-4.21%) |
Accumulated Retained Earnings (Deficit) | -$777,055,000 (-44.88%) | -$536,348,000 (-60.31%) | -$334,569,000 (-24.25%) | -$269,264,000 (-145.42%) |
Tax Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Tax Liabilities | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Debt | $742,254,000 (18.89%) | $624,343,000 (188.04%) | $216,756,000 (-7.18%) | $233,534,000 (-41.45%) |
Debt Current | $157,587,000 (70.40%) | $92,482,000 (12.52%) | $82,195,000 (-7.35%) | $88,713,000 (51.26%) |
Debt Non-Current | $584,667,000 (9.93%) | $531,861,000 (295.26%) | $134,561,000 (-7.08%) | $144,821,000 (-57.44%) |
Total Liabilities | $1,065,700,000 (15.04%) | $926,384,000 (53.93%) | $601,812,000 (-5.19%) | $634,775,000 (-15.95%) |
Liabilities Current | $473,968,000 (22.66%) | $386,421,000 (-15.37%) | $456,581,000 (-2.67%) | $469,110,000 (15.51%) |
Liabilities Non-Current | $591,732,000 (9.59%) | $539,963,000 (271.80%) | $145,231,000 (-12.33%) | $165,665,000 (-52.55%) |
TPIC Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $1,331,131,000 (-8.52%) | $1,455,183,000 (-4.44%) | $1,522,741,000 (3.42%) | $1,472,386,000 (28.81%) |
Cost of Revenue | $1,384,130,000 (-10.28%) | $1,542,731,000 (2.30%) | $1,508,096,000 (-0.13%) | $1,509,987,000 (30.25%) |
Selling General & Administrative Expense | $27,536,000 (-43.96%) | $49,133,000 (51.88%) | $32,349,000 (10.61%) | $29,246,000 (-12.69%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $55,716,000 (-26.73%) | $76,045,000 (79.12%) | $42,454,000 (-21.71%) | $54,225,000 (37.46%) |
Interest Expense | $92,420,000 (663.04%) | $12,112,000 (140.84%) | $5,029,000 (-63.14%) | $13,644,000 (31.48%) |
Income Tax Expense | $12,550,000 (-28.54%) | $17,562,000 (-40.69%) | $29,613,000 (-0.71%) | $29,826,000 (302.29%) |
Net Loss Income from Discontinued Operations | $30,587,000 (474.30%) | $5,326,000 (-45.40%) | $9,755,000 (166.97%) | $3,654,000 (105.51%) |
Consolidated Income | -$240,707,000 (-35.52%) | -$177,612,000 (-43.00%) | -$124,208,000 (24.99%) | -$165,588,000 (-770.28%) |
Net Income to Non-Controlling Interests | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income | -$240,707,000 (-35.52%) | -$177,612,000 (-43.00%) | -$124,208,000 (24.99%) | -$165,588,000 (-770.28%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | -$240,707,000 (-35.52%) | -$177,612,000 (-43.00%) | -$124,208,000 (24.99%) | -$165,588,000 (-770.28%) |
Weighted Average Shares | $47,462,000 (11.23%) | $42,671,000 (1.70%) | $41,959,000 (12.14%) | $37,415,000 (5.30%) |
Weighted Average Shares Diluted | $47,462,000 (11.23%) | $42,671,000 (1.70%) | $41,959,000 (12.14%) | $37,415,000 (5.30%) |
Earning Before Interest & Taxes (EBIT) | -$135,737,000 (8.25%) | -$147,938,000 (-65.17%) | -$89,566,000 (26.66%) | -$122,118,000 (-9780.10%) |
Gross Profit | -$52,999,000 (39.46%) | -$87,548,000 (-697.80%) | $14,645,000 (138.95%) | -$37,601,000 (-131.73%) |
Operating Income | -$108,715,000 (33.55%) | -$163,593,000 (-488.27%) | -$27,809,000 (69.72%) | -$91,826,000 (-64.94%) |
TPIC Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$26,201,000 (-12.45%) | -$23,301,000 (-23.73%) | -$18,832,000 (49.27%) | -$37,119,000 (43.47%) |
Net Cash Flow from Financing | $50,964,000 (-58.22%) | $121,994,000 (935.75%) | -$14,597,000 (-107.34%) | $198,919,000 (124.48%) |
Net Cash Flow from Operations | $12,498,000 (115.43%) | -$80,972,000 (-30.03%) | -$62,272,000 (-143.96%) | -$25,525,000 (-167.94%) |
Net Cash Flow / Change in Cash & Cash Equivalents | $34,846,000 (76.49%) | $19,744,000 (119.91%) | -$99,149,000 (-181.26%) | $122,022,000 (108.77%) |
Net Cash Flow - Business Acquisitions and Disposals | $0 (0%) | $12,836,000 (0%) | $0 (0%) | $0 (0%) |
Net Cash Flow - Investment Acquisitions and Disposals | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Capital Expenditure | -$26,201,000 (27.50%) | -$36,137,000 (-91.89%) | -$18,832,000 (49.27%) | -$37,119,000 (43.47%) |
Issuance (Repayment) of Debt Securities | $52,682,000 (-63.20%) | $143,167,000 (1145.93%) | -$13,688,000 (90.57%) | -$145,088,000 (-293.54%) |
Issuance (Purchase) of Equity Shares | -$1,718,000 (33.49%) | -$2,583,000 (-184.16%) | -$909,000 (-119.27%) | $4,718,000 (-65.43%) |
Payment of Dividends & Other Cash Distributions | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Effect of Exchange Rate Changes on Cash | -$2,415,000 (-219.38%) | $2,023,000 (158.67%) | -$3,448,000 (75.81%) | -$14,253,000 (-588.88%) |
Share Based Compensation | $6,667,000 (-32.53%) | $9,881,000 (-34.48%) | $15,080,000 (79.37%) | $8,407,000 (-18.79%) |
Depreciation Amortization & Accretion | $30,482,000 (-21.58%) | $38,869,000 (-14.54%) | $45,480,000 (-13.52%) | $52,593,000 (5.89%) |
TPIC Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | -4.00% (33.33%) | -6.00% (-700.00%) | 1.00% (138.46%) | -2.60% (-85.71%) |
Profit Margin | -18.10% (-48.36%) | -12.20% (-48.78%) | -8.20% (26.79%) | -11.20% (-558.82%) |
EBITDA Margin | -7.90% (-5.33%) | -7.50% (-158.62%) | -2.90% (38.30%) | -4.70% (-211.90%) |
Return on Average Equity (ROAE) | 83.50% (-58.58%) | 201.60% (262.84%) | -123.80% (-13.79%) | -108.80% (-907.41%) |
Return on Average Assets (ROAA) | -33.10% (-68.02%) | -19.70% (-53.91%) | -12.80% (25.15%) | -17.10% (-755.00%) |
Return on Sales (ROS) | -10.20% (0.00%) | -10.20% (-72.88%) | -5.90% (28.92%) | -8.30% (-8200.00%) |
Return on Invested Capital (ROIC) | -16.10% (19.90%) | -20.10% (-37.67%) | -14.60% (17.51%) | -17.70% (-17600.00%) |
Dividend Yield | 0% (0%) | 0% (0%) | 0% (0%) | 0% (0%) |
Price to Earnings Ratio (P/E) | -0.37 (62.51%) | -0.99 (70.96%) | -3.43 (-1.45%) | -3.38 (96.54%) |
Price to Sales Ratio (P/S) | 0.07 (-44.63%) | 0.12 (-56.63%) | 0.28 (-26.58%) | 0.38 (-76.84%) |
Price to Book Ratio (P/B) | -0.24 (83.28%) | -1.44 (-117.10%) | 8.43 (85.27%) | 4.55 (-51.53%) |
Debt to Equity Ratio (D/E) | -2.85 (62.31%) | -7.57 (-163.54%) | 11.92 (129.01%) | 5.21 (38.54%) |
Earnings Per Share (EPS) | -5.07 (-21.88%) | -4.16 (-40.54%) | -2.96 (33.18%) | -4.43 (-720.37%) |
Sales Per Share (SPS) | 28.05 (-17.76%) | 34.1 (-6.03%) | 36.29 (-7.78%) | 39.35 (22.33%) |
Free Cash Flow Per Share (FCFPS) | -0.29 (89.47%) | -2.74 (-41.96%) | -1.93 (-15.47%) | -1.67 (-111.63%) |
Book Value Per Share (BVPS) | -7.86 (-174.39%) | -2.87 (-338.24%) | 1.2 (-63.09%) | 3.26 (-42.40%) |
Tangible Assets Book Value Per Share (TABVPS) | 14.52 (-22.46%) | 18.72 (-18.36%) | 22.93 (-14.38%) | 26.78 (0.24%) |
Enterprise Value Over EBIT (EV/EBIT) | -5 (-150.00%) | -2 (66.67%) | -6 (14.29%) | -7 (99.60%) |
Enterprise Value Over EBITDA (EV/EBITDA) | -6.6 (-113.32%) | -3.09 (72.89%) | -11.41 (8.84%) | -12.52 (-128.02%) |
Asset Turnover | 1.83 (13.23%) | 1.62 (3.32%) | 1.57 (2.76%) | 1.52 (25.12%) |
Current Ratio | 0.94 (-27.88%) | 1.3 (-7.86%) | 1.41 (0.43%) | 1.41 (4.22%) |
Dividends | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Free Cash Flow (FCF) | -$13,703,000 (88.30%) | -$117,109,000 (-44.39%) | -$81,104,000 (-29.47%) | -$62,644,000 (-122.96%) |
Enterprise Value (EV) | $694,476,473 (105.85%) | $337,369,884 (-32.93%) | $503,017,026 (-42.20%) | $870,230,330 (-59.78%) |
Earnings Before Tax (EBT) | -$228,157,000 (-42.55%) | -$160,050,000 (-69.19%) | -$94,595,000 (30.32%) | -$135,762,000 (-1069.05%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | -$105,255,000 (3.50%) | -$109,069,000 (-147.40%) | -$44,086,000 (36.59%) | -$69,525,000 (-243.55%) |
Invested Capital | $751,128,000 (-13.15%) | $864,856,000 (49.38%) | $578,951,000 (7.18%) | $540,157,000 (-33.47%) |
Working Capital | -$28,878,000 (-124.76%) | $116,654,000 (-38.14%) | $188,581,000 (-1.35%) | $191,161,000 (34.57%) |
Tangible Asset Value | $688,999,000 (-13.75%) | $798,831,000 (-16.98%) | $962,176,000 (-3.98%) | $1,002,022,000 (5.55%) |
Market Capitalization | $89,893,473 (-49.00%) | $176,244,884 (-58.57%) | $425,385,026 (-23.30%) | $554,578,330 (-70.60%) |
Average Equity | -$288,389,250 (-227.30%) | -$88,111,500 (-187.80%) | $100,354,000 (-34.03%) | $152,130,250 (-13.36%) |
Average Assets | $726,596,000 (-19.21%) | $899,344,000 (-7.53%) | $972,627,250 (0.66%) | $966,215,000 (2.99%) |
Invested Capital Average | $845,565,250 (14.91%) | $735,864,500 (19.61%) | $615,194,750 (-10.62%) | $688,317,250 (-16.85%) |
Shares | 47,562,684 (11.72%) | 42,571,228 (1.48%) | 41,951,186 (13.17%) | 37,070,744 (3.72%) |
