Tpi composites, inc (TPIC)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Sep'15Jun'15
Net sales

356,636

422,113

383,836

330,771

299,780

290,057

254,976

230,610

253,981

253,503

253,498

239,582

208,615

199,716

198,938

194,255

176,110

161,578

149,739

Cost of sales

348,475

386,484

335,778

285,319

283,038

256,258

216,594

198,235

210,988

211,604

210,840

199,117

182,538

164,130

171,648

168,382

159,866

150,732

129,208

Startup and transition costs

12,034

4,827

22,127

22,901

18,178

21,234

21,415

17,324

14,735

11,577

12,352

10,540

6,159

6,678

5,088

3,055

3,306

3,011

8,381

Total cost of goods sold

360,509

391,311

357,905

308,220

301,216

277,492

238,009

215,559

225,723

223,181

223,192

209,657

188,697

170,808

176,736

171,437

163,172

153,743

137,589

Gross loss

-3,873

30,802

25,931

22,551

-1,436

12,565

16,967

15,051

28,258

30,322

30,306

29,925

19,918

28,908

22,202

22,818

12,938

7,835

12,150

General and administrative expenses

9,496

12,115

10,608

9,208

7,985

11,634

9,756

10,989

11,163

12,000

9,315

10,752

8,306

9,738

14,065

5,340

4,749

3,423

2,899

Realized loss on sale of assets and asset impairments

-1,918

-

-

-

-2,235

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Realized loss on sale of assets

-

-

-3,354

-4,972

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring charges (reversals), net

117

-

-149

3,874

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from operations

-15,404

10,929

12,118

4,497

-11,656

-3,650

7,211

4,062

17,095

18,322

20,991

19,173

11,612

19,170

8,137

17,478

8,189

4,412

9,251

Other income (expense):
Interest income

32

32

43

31

51

52

45

43

41

17

48

11

19

268

27

28

21

11

79

Interest expense

1,803

1,776

2,130

2,274

1,999

2,041

2,323

2,715

3,338

3,166

3,254

2,935

3,026

4,905

4,663

4,134

3,912

3,620

3,723

Loss on extinguishment of debt

-

-

-

-

-

-

-

-3,397

-

-

-

-

-

-

-

-

-

-

-

Realized gain (loss) on foreign currency remeasurement

960

-3,057

3,719

-967

-3,802

-532

-8,181

-765

-4,011

-1,896

39

-1,233

-1,381

-57

-243

-18

-439

-1,351

-433

Miscellaneous income

695

1,413

517

1,016

702

647

2,511

674

818

223

390

258

320

46

-152

154

190

31

140

Total other expense

-116

-3,388

2,149

-2,194

-5,048

-1,874

-7,948

-6,160

-6,490

-4,822

-2,777

-3,899

-4,068

-9,135

-5,031

-3,970

-4,140

-4,929

-3,937

Loss before income taxes

-15,520

7,541

14,267

2,303

-16,704

-5,524

-737

-2,098

10,605

13,500

18,214

15,274

7,544

10,035

3,106

13,508

4,049

-517

5,314

Income tax benefit

-15,028

8,402

18,838

475

-4,600

3,324

-10,269

1,955

1,957

11,293

-3,523

5,697

2,331

-911

309

1,953

2,303

1,630

1,224

Net loss

-492

-861

-4,571

1,828

-12,104

-8,848

9,532

-4,053

8,648

2,207

21,737

9,577

5,213

10,946

2,797

11,555

1,746

-2,147

4,090

Net income attributable to preferred stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

0

596

2,438

2,437

2,355

2,356

Net income attributable to common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

10,946

2,201

9,117

-691

-4,502

1,734

Weighted-average common shares outstanding:
Basic

35,213

35,178

35,131

35,033

34,906

34,612

34,419

34,164

34,049

34,011

33,891

33,737

33,737

34,360

27,284

4,238

4,238

4,238

4,238

Diluted

35,213

33,842

35,131

36,369

34,906

38,083

36,282

34,164

35,479

36,778

35,015

33,828

33,827

34,607

27,375

4,244

4,238

4,238

4,244

Net loss per common share:
Basic

-0.01

-

-

-

-0.35

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted

-0.01

-

-

-

-0.35

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic

-

-

-0.13

0.05

-

-

0.28

-0.12

0.25

-

0.64

0.28

0.15

-0.84

0.08

2.15

-0.16

-1.06

0.41

Diluted

-

-

-0.13

0.05

-

-

0.26

-0.12

0.24

-

0.62

0.28

0.15

-0.85

0.08

2.15

-0.16

-1.06

0.41