TPIC Financial Statements

Balance sheet, income statement, cash flow, and dividends for Tpi Composites Inc (TPIC).


$89.89M Market Cap.

As of 02/20/2025 5:00 PM ET (MRY) • Disclaimer

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 Dividends (MRY)


Period

Dividends

Yield %

Growth %

Payout Ratio

Coverage Ratio

2024

$0

0%

0%

0%

-

2023

$0

0%

0%

0%

-

2022

$0

0%

0%

0%

-

2021

$0

0%

0%

0%

-

2020

$0

0%

-

0%

-

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%)