TPI Composites, Inc. (TPICQ)

TPI Composites Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	29.5	196.52	161.06	133.55	216.24	129.86
Short-Term Investments	-	0.58	0.6	0.59	1.24	2.79
Cash & Short-Term Investments	29.5	197.1	161.66	134.13	217.47	132.65
Cash Growth	-76.56%	21.93%	20.52%	-38.32%	63.95%	73.57%
Accounts Receivable	94.18	168.64	241.55	397.26	310.81	344.69
Other Receivables	-	28.09	42.41	28.82	22.4	23.96
Receivables	94.18	196.73	283.96	426.08	333.21	368.66
Inventory	2.4	3.97	9.42	10.66	10.15	10.84
Prepaid Expenses	30.21	15.69	17.62	29.12	14.55	29.51
Restricted Cash	10.12	9.64	10.84	9.85	10.05	0.34
Other Current Assets	17.17	21.96	19.58	35.32	74.83	6.17
Total Current Assets	183.59	445.09	503.08	645.16	660.27	548.16
Property, Plant & Equipment	159.8	215.73	264.93	289.15	271.82	367.83
Goodwill	-	2.81	2.81	2.81	2.81	2.81
Other Intangible Assets	-	0.61	0.74	0.83	0.98	2.87
Long-Term Deferred Tax Assets	-	17.38	18.36	9.56	10.81	18.79
Long-Term Deferred Charges	-	0.05	1.7	2.44	1.89	2.86
Other Long-Term Assets	37.49	10.79	12.47	12.24	59.12	12.94
Total Assets	380.87	692.46	804.08	962.18	1,008	956.26
Accounts Payable	117.46	235.47	227.72	280.5	282.48	293.9
Current Portion of Long-Term Debt	434.9	130.68	69.43	58.8	61	26.53
Current Portion of Leases	18	26.91	23.05	23.39	27.71	32.12
Current Unearned Revenue	-	40.39	24.02	17.1	1.27	0.61
Other Current Liabilities	13.89	40.52	42.2	76.79	96.64	52.95
Total Current Liabilities	584.24	473.97	386.42	456.58	469.11	406.11
Long-Term Debt	-	485.03	413.96	0	5.82	182.36
Long-Term Leases	55.02	99.64	117.9	134.56	139	162.3
Other Long-Term Liabilities	324.44	7.07	8.1	10.67	20.84	4.46
Total Liabilities	963.7	1,066	926.38	601.81	634.78	755.22
Common Stock	0.5	0.49	0.47	0.42	0.37	0.37
Additional Paid-In Capital	439.79	438	431.34	407.57	451.44	349.47
Retained Earnings	-1,022	-777.06	-536.35	-334.57	-269.26	-109.72
Treasury Stock	-12.55	-11.85	-10.13	-7.55	-6.59	-6.1
Comprehensive Income & Other	11.18	-22.82	-7.63	-15.39	-54.01	-32.99
Total Common Equity	-582.83	-373.24	-122.3	50.49	121.95	201.04
Shareholders' Equity	-582.83	-373.24	-122.3	360.36	372.93	201.04
Total Liabilities & Equity	380.87	692.46	804.08	962.18	1,008	956.26
Total Debt	507.92	742.25	624.34	216.76	233.53	403.31
Net Cash (Debt)	-478.42	-545.16	-462.69	-82.62	-16.06	-270.66
Net Cash Per Share	-9.92	-11.49	-10.84	-1.97	-0.43	-7.62
Filing Date Shares Outstanding	48.73	47.61	47.24	42.21	37.18	36.56
Total Common Shares Outstanding	48.73	47.61	46.47	42.04	37.18	36.56
Working Capital	-400.66	-28.88	116.65	188.58	191.16	142.05
Book Value Per Share	-11.96	-7.84	-2.63	1.20	3.28	5.50
Tangible Book Value	-582.83	-376.65	-125.85	46.85	118.17	195.36
Tangible Book Value Per Share	-11.96	-7.91	-2.71	1.11	3.18	5.34
Buildings	-	-	-	-	-	15.54
Machinery	-	261.42	256.76	263.64	217.93	265.84
Construction In Progress	-	7.73	24.68	5.58	8.64	8.73
Leasehold Improvements	-	57.52	60.64	63.42	45.43	61.95
Order Backlog	-	377.3	767.3	-	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.