Smith-Midland (SMID) Financial Statements

Price: $29.2193
Market Cap: $155.00M
Avg Volume: 9.61K
Country: US
Industry: Construction Materials
Sector: Basic Materials
Beta: 1.447
52W Range: $25.03-51.96
Website: Smith-Midland

Overview of Financial Statements

Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:

  • Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
  • Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
  • Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.

This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Smith-Midland.


Income Statement

Revenue
Cost of Revenue
Revenue and Costs$60.00M$60.00M$50.00M$50.00M$40.00M$40.00M$30.00M$30.00M$20.00M$20.00M$10.00M$10.00M$0.00$0.0020152015201620162017201720182018201920192020202020212021202220222023202320242024
Operating Expenses
Operating Income
Operating Expenses & Income$12.00M$12.00M$9.00M$9.00M$6.00M$6.00M$3.00M$3.00M$0.00$0.00-$3.00M-$3.00M20152015201620162017201720182018201920192020202020212021202220222023202320242024
Breakdown December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019 December 31, 2018 December 31, 2017 December 31, 2016 December 31, 2015 December 31, 2014
Revenue $59.58M $50.13M $50.64M $43.86M $46.69M $40.22M $41.72M $40.05M $29.20M $22.47M
Cost of Revenue $48.93M $40.66M $36.22M $32.82M $36.72M $29.73M $30.14M $29.70M $22.09M $18.63M
Gross Profit $10.65M $9.47M $14.42M $11.04M $9.97M $10.49M $11.58M $10.35M $7.11M $3.85M
Gross Profit Ratio 17.88% 18.89% 28.47% 25.17% 21.35% 26.08% 27.76% 25.84% 24.35% 17.11%
Research and Development Expenses $- $- $- $- $- $- $- $- $- $-
General and Administrative Expenses $5.99M $5.55M $5.42M $4.99M $4.89M $5.67M $5.37M $3.89M $3.37M $2.98M
Selling and Marketing Expenses $3.54M $3.06M $2.84M $2.29M $2.54M $2.60M $2.50M $2.12M $2.17M $2.22M
Selling General and Administrative Expenses $9.53M $8.62M $8.25M $7.28M $7.42M $8.27M $7.87M $6.01M $5.53M $5.20M
Other Expenses $- $228.00K $72.00K $82.00K $55.00K $51.00K $122.00K $54.46K $74.41K $157.54K
Operating Expenses $9.53M $8.62M $8.25M $7.28M $7.42M $8.27M $7.87M $6.01M $5.53M $5.20M
Cost and Expenses $58.46M $49.28M $44.47M $40.10M $44.15M $38.00M $38.00M $35.71M $27.63M $23.82M
Interest Income $24.00K $14.00K $35.00K $35.00K $40.00K $42.00K $37.00K $36.68K $35.72K $8.33K
Interest Expense $255.00K $260.00K $190.00K $217.00K $179.00K $176.00K $184.00K $162.53K $103.09K $116.23K
Depreciation and Amortization $2.38M $2.89M $2.67M $2.41M $1.79M $1.25M $926.00K $821.00K $667.90K $636.64K
EBITDA $3.96M $4.10M $8.84M $6.17M $4.34M $3.46M $4.64M $5.16M $2.24M $-549.96K
EBITDA Ratio 6.64% 8.17% 17.45% 14.07% 9.29% 8.61% 11.12% 12.88% 7.69% -2.45%
Operating Income $1.12M $854.00K $6.17M $3.76M $2.55M $2.22M $3.71M $4.34M $1.67M $-1.19M
Operating Income Ratio 1.88% 1.70% 12.18% 8.57% 5.45% 5.51% 8.91% 10.83% 5.71% -5.32%
Total Other Income Expenses Net $205.00K $91.00K $2.93M $33.00K $-48.00K $43.00K $26.00K $-39.00K $24.43K $-107.90K
Income Before Tax $1.32M $945.00K $9.09M $3.79M $2.51M $2.26M $3.74M $4.30M $1.60M $-1.30M
Income Before Tax Ratio 2.22% 1.89% 17.96% 8.65% 5.37% 5.62% 8.97% 10.73% 5.48% -5.80%
Income Tax Expense $528.00K $145.00K $1.52M $1.13M $549.00K $572.00K $1.06M $1.46M $557.00K $-498.00K
Net Income $795.00K $800.00K $7.57M $2.67M $1.95M $1.69M $2.68M $2.84M $1.04M $-804.84K
Net Income Ratio 1.33% 1.60% 14.95% 6.08% 4.17% 4.19% 6.43% 7.08% 3.58% -3.58%
EPS $0.15 $0.15 $1.45 $0.51 $0.38 $0.33 $0.53 $0.57 $0.21 $-0.16
EPS Diluted $0.15 $0.15 $1.45 $0.51 $0.38 $0.33 $0.53 $0.56 $0.21 $-0.16
Weighted Average Shares Outstanding 5.26M 5.23M 5.21M 5.18M 5.14M 5.08M 5.04M 4.93M 4.90M 4.88M
Weighted Average Shares Outstanding Diluted 5.29M 5.25M 5.23M 5.19M 5.15M 5.10M 5.08M 5.07M 4.95M 4.88M
SEC Filing Source Source Source Source Source Source Source Source Source Source

Balance Sheet

Total Assets
Total Liabilities
Total Assets and Liabilities$80.00M$80.00M$60.00M$60.00M$40.00M$40.00M$20.00M$20.00M$0.00$0.0020152015201620162017201720182018201920192020202020212021202220222023202320242024
Equity$36.00M$36.00M$27.00M$27.00M$18.00M$18.00M$9.00M$9.00M$0.00$0.0020152015201620162017201720182018201920192020202020212021202220222023202320242024
Breakdown December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019 December 31, 2018 December 31, 2017 December 31, 2016 December 31, 2015 December 31, 2014
Cash and Cash Equivalents $9.18M $6.73M $13.49M $8.76M $1.36M $1.95M $3.39M $3.52M $1.74M $3.57M
Short Term Investments $- $- $- $1.23M $1.18M $1.11M $1.10M $1.05M $1.04M $1.01M
Cash and Short Term Investments $9.18M $6.73M $13.49M $9.99M $2.54M $3.05M $4.49M $4.57M $2.78M $4.59M
Net Receivables $17.73M $17.69M $10.86M $10.54M $13.46M $14.50M $10.58M $7.46M $6.99M $5.06M
Inventory $5.15M $3.82M $2.85M $2.19M $2.24M $3.56M $3.52M $2.58M $2.49M $1.73M
Other Current Assets $1.27M $706.00K $551.00K $615.00K $784.00K $480.00K $452.00K $622.00K $1.43M $567.05K
Total Current Assets $33.33M $28.94M $27.75M $23.34M $19.03M $21.60M $19.03M $15.87M $13.51M $11.94M
Property Plant Equipment Net $27.68M $25.12M $21.93M $18.60M $17.73M $14.10M $9.87M $8.01M $5.07M $4.11M
Goodwill $- $- $- $- $- $- $- $- $- $-
Intangible Assets $- $- $- $- $- $- $- $- $- $-
Goodwill and Intangible Assets $- $- $- $- $- $- $- $- $- $-
Long Term Investments $- $- $- $- $- $- $- $- $- $-
Tax Assets $- $1.47M $2.09M $1.91M $2.49M $- $- $- $- $-
Other Non-Current Assets $343.00K $-1.22M $1.56M $2.64M $2.86M $5.67M $326.00K $173.09K $268.72K $255.38K
Total Non-Current Assets $28.02M $25.37M $25.57M $23.16M $23.08M $19.77M $10.19M $8.18M $5.34M $4.36M
Other Assets $- $- $- $- $- $- $- $- $- $-
Total Assets $61.35M $54.31M $53.33M $46.50M $42.12M $41.37M $29.23M $24.05M $18.85M $16.30M
Account Payables $7.34M $5.82M $2.07M $1.87M $3.18M $4.21M $3.06M $2.09M $1.74M $1.15M
Short Term Debt $679.00K $772.00K $551.00K $910.00K $1.09M $1.71M $637.00K $587.00K $435.72K $363.82K
Tax Payables $473.00K $146.00K $2.03M $470.00K $- $- $- $- $- $-
Deferred Revenue $2.72M $2.98M $3.78M $2.34M $2.97M $3.34M $1.14M $431.48K $923.94K $432.27K
Other Current Liabilities $4.81M $2.25M $3.02M $3.88M $3.44M $4.11M $2.99M $2.38M $1.42M $982.20K
Total Current Liabilities $16.02M $11.22M $13.91M $8.90M $9.60M $11.71M $7.83M $5.06M $4.53M $2.93M
Long Term Debt $5.09M $5.78M $3.80M $7.10M $4.38M $-3.80M $2.90M $3.35M $2.08M $2.23M
Deferred Revenue Non-Current $4.42M $2.17M $1.86M $600.00K $241.00K $6.59M $-1.29M $-764.00K $-855.00K $-663.00K
Deferred Tax Liabilities Non-Current $1.65M $2.08M $1.96M $2.46M $1.89M $1.43M $1.29M $1.40M $855.00K $663.00K
Other Non-Current Liabilities $- $- $- $3.79M $5.18M $- $- $- $- $-
Total Non-Current Liabilities $11.17M $10.03M $7.67M $13.95M $11.69M $10.81M $4.19M $4.75M $2.93M $2.89M
Other Liabilities $- $- $- $- $- $- $- $- $- $-
Total Liabilities $27.19M $21.26M $21.57M $22.85M $21.29M $22.52M $12.02M $9.81M $7.46M $5.82M
Preferred Stock $- $- $- $- $- $- $- $- $- $-
Common Stock $54.00K $53.00K $53.00K $52.00K $52.00K $51.00K $51.00K $49.82K $49.20K $48.81K
Retained Earnings $26.39M $25.66M $24.86M $17.29M $14.64M $12.96M $11.56M $9.13M $6.34M $5.49M
Accumulated Other Comprehensive Income Loss $-0 $-0 $-0 $-0 $-10.00K $-37.00K $-19.00K $-24.91K $-9.36K $-6.63K
Other Total Stockholders Equity $7.71M $7.34M $6.83M $6.30M $6.15M $5.87M $5.62M $5.09M $5.01M $4.94M
Total Stockholders Equity $34.16M $33.05M $31.75M $23.65M $20.82M $18.85M $17.20M $14.24M $11.39M $10.47M
Total Equity $34.16M $33.05M $31.75M $23.65M $20.82M $18.85M $17.20M $14.24M $11.39M $10.47M
Total Liabilities and Stockholders Equity $61.35M $54.31M $53.33M $46.50M $42.12M $41.37M $29.23M $24.05M $18.85M $16.30M
Minority Interest $- $- $- $- $- $- $- $- $- $-
Total Liabilities and Total Equity $61.35M $54.31M $53.33M $46.50M $42.12M $41.37M $29.23M $24.05M $18.85M $16.30M
Total Investments $- $- $- $1.23M $1.18M $1.11M $1.10M $1.05M $1.04M $1.01M
Total Debt $5.77M $6.47M $4.40M $7.92M $5.39M $4.50M $3.53M $3.93M $2.51M $2.59M
Net Debt $-3.40M $-256.00K $-9.09M $-840.00K $4.02M $2.56M $143.00K $410.41K $776.77K $-978.22K

Cash Flow Statement

Operating Cash Flow
Investing Cash Flow
Operating and Investing Cash Flow$10.00M$10.00M$5.00M$5.00M$0.00$0.00-$5.00M-$5.00M-$10.00M-$10.00M-$15.00M-$15.00M20152015201620162017201720182018201920192020202020212021202220222023202320242024
Financing Cash Flow$2.40M$2.40M$1.60M$1.60M$800.00K$800.00K$0.00$0.00-$800.00K-$800.00K20152015201620162017201720182018201920192020202020212021202220222023202320242024
Breakdown December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019 December 31, 2018 December 31, 2017 December 31, 2016 December 31, 2015 December 31, 2014
Net Income $795.00K $800.00K $7.57M $2.67M $1.96M $1.69M $2.68M $2.84M $1.04M $-804.84K
Depreciation and Amortization $2.40M $2.88M $2.67M $2.41M $1.79M $1.25M $926.00K $821.04K $667.90K $636.64K
Deferred Income Tax $-434.00K $130.00K $-506.00K $575.00K $459.00K $153.00K $526.00K $574.00K $-32.00K $67.00K
Stock Based Compensation $375.00K $505.00K $531.00K $163.00K $270.00K $242.00K $411.00K $433.03K $7.07K $38.80K
Change in Working Capital $4.96M $-10.88M $1.83M $1.76M $-622.00K $5.26M $-1.43M $-174.78K $-1.64M $1.53M
Accounts Receivables $-68.00K $-6.55M $-255.00K $2.86M $-561.00K $-3.32M $-1.62M $-363.58K $-2.70M $3.20M
Inventory $-1.35M $-973.00K $-651.00K $48.00K $1.32M $-45.00K $-937.00K $-84.53K $-767.74K $212.93K
Accounts Payables $1.52M $3.75M $205.00K $-1.31M $-1.03M $1.15M $969.00K $395.81K $591.44K $-365.12K
Other Working Capital $4.86M $-7.10M $2.53M $169.00K $-347.00K $7.47M $157.00K $-122.47K $1.23M $-1.52M
Other Non Cash Items $-366.00K $235.00K $-2.97M $-92.00K $73.00K $-120.00K $-190.00K $-494.00K $-24.45K $-38.63K
Net Cash Provided by Operating Activities $7.73M $-6.33M $9.13M $7.49M $3.93M $8.47M $2.93M $3.99M $18.89K $1.43M
Investments in Property Plant and Equipment $-5.01M $-2.75M $-5.37M $-2.63M $-4.87M $-10.74M $-2.74M $-3.74M $-1.64M $-465.83K
Acquisitions Net $- $118.00K $489.00K $235.00K $162.00K $132.00K $46.00K $58.00K $18.02K $-
Purchases of Investments $- $- $-23.00K $-29.00K $-32.00K $-33.00K $-32.00K $-23.99K $-31.57K $-78.45K
Sales Maturities of Investments $- $- $1.25M $-235.00K $-162.00K $- $- $- $- $-
Other Investing Activities $346.00K $118.00K $1.71M $235.00K $162.00K $132.00K $46.00K $57.80K $18.02K $46.23K
Net Cash Used for Investing Activities $-4.66M $-2.63M $-3.65M $-2.42M $-4.74M $-10.64M $-2.73M $-3.71M $-1.65M $-498.05K
Debt Repayment $-619.00K $2.22M $-744.00K $2.62M $508.00K $970.00K $-400.00K $1.42M $-81.79K $-317.72K
Common Stock Issued $- $- $- $- $- $12.00K $117.00K $83.00K $69.34K $-
Common Stock Repurchased $- $- $- $- $- $- $- $- $- $-
Dividends Paid $- $- $- $-282.00K $-281.00K $-256.00K $-49.00K $- $-194.34K $-174.24K
Other Financing Activities $- $-25.00K $- $- $- $12.00K $117.00K $83.00K $69.34K $-
Net Cash Used Provided by Financing Activities $-619.00K $2.20M $-744.00K $2.33M $227.00K $726.00K $-332.00K $1.50M $-206.80K $-491.96K
Effect of Forex Changes on Cash $- $- $- $- $- $- $- $- $- $-
Net Change in Cash $2.45M $-6.77M $4.73M $7.40M $-582.00K $-1.44M $-133.00K $1.79M $-1.84M $436.34K
Cash at End of Period $9.18M $6.73M $13.49M $8.76M $1.36M $1.95M $3.39M $3.52M $1.74M $3.57M
Cash at Beginning of Period $6.73M $13.49M $8.76M $1.36M $1.95M $3.39M $3.52M $1.74M $3.57M $3.14M
Operating Cash Flow $7.73M $-6.33M $9.13M $7.49M $3.93M $8.47M $2.93M $3.99M $18.89K $1.43M
Capital Expenditure $-5.01M $-2.75M $-5.37M $-2.63M $-4.87M $-10.74M $-2.74M $-3.74M $-1.64M $-465.83K
Free Cash Flow $2.72M $-9.08M $3.76M $4.86M $-939.00K $-2.27M $185.00K $249.97K $-1.62M $960.52K