TPI Composites, Inc. (TPIC)

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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	106.42	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	106.42	197.1	161.66	134.13	217.47	132.65
Cash Growth	4.47%	21.93%	20.52%	-38.32%	63.95%	73.57%
Accounts Receivable	152.78	168.64	241.55	397.26	310.81	344.69
Other Receivables	-	28.09	42.41	28.82	22.4	23.96
Receivables	152.78	196.73	283.96	426.08	333.21	368.66
Inventory	4.1	3.97	9.42	10.66	10.15	10.84
Prepaid Expenses	17.8	15.69	17.62	29.12	14.55	29.51
Restricted Cash	9.8	9.64	10.84	9.85	10.05	0.34
Other Current Assets	57.77	21.96	19.58	35.32	74.83	6.17
Total Current Assets	348.67	445.09	503.08	645.16	660.27	548.16
Property, Plant & Equipment	201.7	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	41.34	10.79	12.47	12.24	59.12	12.94
Total Assets	591.71	692.46	804.08	962.18	1,008	956.26
Accounts Payable	267.19	235.47	227.72	280.5	282.48	293.9
Current Portion of Long-Term Debt	615.55	130.68	69.43	58.8	61	26.53
Current Portion of Leases	27.68	26.91	23.05	23.39	27.71	32.12
Current Unearned Revenue	25.08	40.39	24.02	17.1	1.27	0.61
Other Current Liabilities	45.53	40.52	42.2	76.79	96.64	52.95
Total Current Liabilities	981.01	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	88.5	99.64	117.9	134.56	139	162.3
Other Long-Term Liabilities	7.63	7.07	8.1	10.67	20.84	4.46
Total Liabilities	1,077	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	439.76	438	431.34	407.57	451.44	349.47
Retained Earnings	-893.6	-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	-19.55	-22.82	-7.63	-15.39	-54.01	-32.99
Total Common Equity	-485.44	-373.24	-122.3	50.49	121.95	201.04
Shareholders' Equity	-485.44	-373.24	-122.3	360.36	372.93	201.04
Total Liabilities & Equity	591.71	692.46	804.08	962.18	1,008	956.26
Total Debt	731.73	742.25	624.34	216.76	233.53	403.31
Net Cash (Debt)	-625.31	-545.16	-462.69	-82.62	-16.06	-270.66
Net Cash Per Share	-13.04	-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	-632.34	-28.88	116.65	188.58	191.16	142.05
Book Value Per Share	-9.96	-7.84	-2.63	1.20	3.28	5.50
Tangible Book Value	-485.44	-376.65	-125.85	46.85	118.17	195.36
Tangible Book Value Per Share	-9.96	-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.

SEC Filings: 10-K · 10-Q