TPI Composites, Inc. (TPIC)

TPI Composites Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	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	197.1	161.66	134.13	217.47	132.65
Cash Growth	21.92%	20.52%	-38.32%	63.95%	73.57%
Accounts Receivable	168.64	241.55	397.26	310.81	344.69
Other Receivables	28.09	42.41	28.82	22.4	23.96
Receivables	196.73	283.96	426.08	333.21	368.66
Inventory	3.97	9.42	10.66	10.15	10.84
Prepaid Expenses	15.69	17.62	29.12	14.55	29.51
Restricted Cash	9.64	10.84	9.85	10.05	0.34
Other Current Assets	21.96	19.58	35.32	74.83	6.17
Total Current Assets	445.09	503.08	645.16	660.27	548.16
Property, Plant & Equipment	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	10.79	12.47	12.24	59.12	12.94
Total Assets	692.46	804.08	962.18	1,008	956.26
Accounts Payable	235.47	227.72	280.5	282.48	293.9
Current Portion of Long-Term Debt	130.68	69.43	58.8	61	26.53
Current Portion of Leases	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	40.52	42.2	76.79	96.64	52.95
Total Current Liabilities	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	99.64	117.9	134.56	139	162.3
Other Long-Term Liabilities	7.07	8.1	10.67	20.84	4.46
Total Liabilities	1,066	926.38	601.81	634.78	755.22
Common Stock	0.49	0.47	0.42	0.37	0.37
Additional Paid-In Capital	438	431.34	407.57	451.44	349.47
Retained Earnings	-777.06	-536.35	-334.57	-269.26	-109.72
Treasury Stock	-11.85	-10.13	-7.55	-6.59	-6.1
Comprehensive Income & Other	-22.82	-7.63	-15.39	-54.01	-32.99
Total Common Equity	-373.24	-122.3	50.49	121.95	201.04
Shareholders' Equity	-373.24	-122.3	360.36	372.93	201.04
Total Liabilities & Equity	692.46	804.08	962.18	1,008	956.26
Total Debt	742.25	624.34	216.76	233.53	403.31
Net Cash (Debt)	-545.16	-462.69	-82.62	-16.06	-270.66
Net Cash Per Share	-11.49	-10.84	-1.97	-0.43	-7.62
Filing Date Shares Outstanding	47.61	47.24	42.21	37.18	36.56
Total Common Shares Outstanding	47.61	46.47	42.04	37.18	36.56
Working Capital	-28.88	116.65	188.58	191.16	142.05
Book Value Per Share	-7.84	-2.63	1.20	3.28	5.50
Tangible Book Value	-376.65	-125.85	46.85	118.17	195.36
Tangible Book Value Per Share	-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 Capital IQ. Standard template. Financial Sources.