Accuride financials

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Accuride Revenue

Accuride revenue was $685.57 m in FY, 2015 which is a 2.8% year over year decrease from the previous period.

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Summary - Funding Rounds

Founding Date

1986

Accuride Revenue Breakdown

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Accuride revenue breakdown by business segment: 13.8% from Brillion Iron Works, 24.5% from Gunite and 61.7% from Wheels

Accuride revenue breakdown by geographic segment: 97.3% from United States and 2.7% from Other

Accuride Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015

Revenue

642.9m705.2m685.6m

Revenue growth, %

10%(3%)

Cost of goods sold

598.9m631.7m605.9m

Gross profit

44.0m73.5m79.7m

Gross profit Margin, %

7%10%12%

General and administrative expense

45.2m40.8m45.9m

Operating expense total

45.2m40.8m50.3m

EBIT

(1.2m)32.6m29.4m

EBIT margin, %

0%5%4%

Interest expense

35.0m33.7m33.4m

Pre tax profit

(36.6m)(4.6m)(8.1m)

Income tax expense

(10.2m)(2.5m)(138.0k)

Net Income

(38.3m)(2.3m)(8.1m)

Quarterly

USDQ1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Revenue

192.5m211.3m155.3m166.8m181.6m184.0m183.7m185.4m163.4m160.9m164.1m125.2m

Cost of goods sold

187.4m192.9m145.0m149.8m159.2m164.1m162.7m159.5m145.2m145.6m140.9m113.3m

Gross profit

5.1m18.4m10.3m17.0m22.4m19.9m20.9m25.9m18.3m15.3m23.3m11.9m

Gross profit Margin, %

3%9%7%10%12%11%11%14%11%10%14%10%

General and administrative expense

11.1m12.7m11.0m10.5m10.1m9.9m11.6m11.7m10.8m12.9m11.8m10.5m

Operating expense total

11.1m12.7m11.0m10.5m10.1m9.9m11.6m11.7m10.8m12.9m11.8m10.5m

EBIT

(6.0m)5.7m(725.0k)6.6m12.3m10.0m9.3m14.2m7.5m2.4m11.5m1.5m

EBIT margin, %

(3%)3%0%4%7%5%5%8%5%2%7%1%

Interest expense

8.7m9.2m8.7m8.4m8.5m8.4m8.4m8.4m8.2m8.4m8.4m8.4m

Interest income

38.0k

Pre tax profit

(14.5m)(3.9m)(8.9m)(2.4m)3.6m795.0k(194.0k)5.7m(1.9m)(4.9m)2.6m(7.0m)

Income tax expense

1.4m1.5m(495.0k)904.0k(1.5m)(410.0k)386.0k(378.0k)(3.7m)301.0k455.0k410.0k

Net Income

(15.9m)(5.4m)(18.6m)(3.6m)5.3m1.1m(588.0k)6.3m1.8m(5.2m)2.1m(29.2m)

Accuride Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015

Cash

33.4m29.8m29.8m

Accounts Receivable

51.4m56.3m58.9m

Inventories

39.3m43.1m47.8m

Current Assets

149.3m149.9m151.9m

PP&E

219.6m212.2m224.8m

Goodwill

100.7m100.7m96.3m

Total Assets

611.8m598.4m606.7m

Accounts Payable

47.5m56.5m71.8m

Short-term debt

10.3m

Current Liabilities

90.0m97.1m121.9m

Long-term debt

330.2m323.2m307.4m

Total Debt

330.2m323.2m317.6m

Additional Paid-in Capital

440.5m442.6m444.3m

Retained Earnings

(359.9m)(362.2m)(369.8m)

Total Equity

61.9m30.8m70.9m

Debt to Equity Ratio

5.3 x10.5 x4.5 x

Debt to Assets Ratio

0.5 x0.5 x0.5 x

Financial Leverage

9.9 x19.4 x8.6 x

Quarterly

USDQ1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Cash

31.5m32.9m28.0m21.6m31.9m21.5m17.6m30.8m39.1m18.5m27.8m27.0m

Accounts Receivable

82.9m82.7m60.4m73.5m71.3m73.7m76.1m71.3m57.9m65.0m63.7m49.0m

Inventories

57.5m58.5m48.8m45.3m46.2m45.8m42.0m40.7m36.7m40.9m39.7m35.2m

Current Assets

195.9m199.6m165.6m166.0m175.1m165.0m155.3m162.8m150.7m139.5m146.5m126.7m

PP&E

248.6m247.9m221.6m218.5m217.7m214.1m207.9m206.2m203.8m220.5m216.2m184.8m

Goodwill

100.7m100.7m100.7m100.7m100.7m100.7m100.7m100.7m100.7m96.3m96.3m96.3m

Total Assets

689.7m689.8m628.0m626.8m636.6m621.9m598.9m603.7m592.3m586.7m588.2m533.2m

Accounts Payable

71.4m72.2m51.2m63.1m63.8m66.5m65.1m65.6m59.9m59.7m62.0m51.1m

Short-term debt

8.7m10.2m10.6m

Current Liabilities

110.0m116.6m87.2m99.1m105.7m101.9m94.4m103.7m91.6m100.8m111.5m87.9m

Long-term debt

349.4m349.7m339.9m340.4m340.7m331.0m326.5m316.8m322.0m315.0m305.4m307.4m

Total Debt

349.4m349.7m339.9m340.4m340.7m331.0m326.5m316.8m322.0m323.7m315.5m318.1m

Additional Paid-in Capital

438.9m439.4m440.0m440.7m441.4m442.0m442.9m443.7m444.4m444.6m445.1m445.8m

Retained Earnings

(337.5m)(342.9m)(361.5m)(363.5m)(358.2m)(357.1m)(362.8m)(356.4m)(354.6m)(374.6m)(372.1m)(400.7m)

Total Equity

49.8m45.5m28.9m58.9m65.0m67.2m31.8m56.4m55.7m65.2m67.6m36.9m

Debt to Equity Ratio

7 x7.7 x11.8 x5.8 x5.2 x4.9 x10.3 x5.6 x5.8 x5 x4.7 x8.6 x

Debt to Assets Ratio

0.5 x0.5 x0.5 x0.5 x0.5 x0.5 x0.5 x0.5 x0.5 x0.6 x0.5 x0.6 x

Financial Leverage

13.8 x15.2 x21.8 x10.6 x9.8 x9.3 x18.8 x10.7 x10.6 x9 x8.7 x14.5 x

Accuride Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015

Net Income

(38.3m)(2.3m)(8.1m)

Depreciation and Amortization

44.3m41.9m42.8m

Accounts Receivable

(7.4m)(4.1m)8.7m

Inventories

11.2m(3.7m)1.8m

Accounts Payable

6.9m9.8m1.5m

Cash From Operating Activities

(5.1m)32.5m42.7m

Purchases of PP&E

(38.9m)(25.6m)(22.4m)

Cash From Investing Activities

8.1m(25.0m)(24.6m)

Long-term Borrowings

(20.0m)(21.2m)(50.6m)

Cash From Financing Activities

3.7m(11.2m)(18.2m)

Net Change in Cash

6.7m(3.7m)(14.0k)

Interest Paid

32.0m31.2m30.5m

Income Taxes Paid

2.2m1.6m802.0k

Quarterly

USDQ1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016

Net Income

(15.9m)(21.3m)(39.9m)(3.6m)1.7m2.8m(588.0k)5.8m7.6m(5.2m)(3.1m)(32.3m)

Depreciation and Amortization

11.4m22.4m33.5m10.3m20.5m31.0m10.6m21.0m31.5m11.0m22.4m32.9m

Accounts Receivable

(27.1m)(27.4m)(17.4m)(23.8m)(21.7m)(23.4m)(19.1m)(14.1m)(165.0k)(6.3m)(4.5m)2.4m

Inventories

3.7m2.7m1.7m(6.0m)(6.9m)(6.5m)1.1m2.3m6.4m6.9m8.0m7.6m

Accounts Payable

21.6m20.4m10.7m15.2m16.1m19.7m8.3m7.3m2.2m(8.1m)(6.0m)(11.5m)

Cash From Operating Activities

(19.8m)(12.4m)(25.1m)(16.3m)2.7m8.3m(10.5m)18.6m31.1m(10.6m)12.8m5.5m

Purchases of PP&E

(15.4m)(21.5m)(32.3m)(6.7m)(14.7m)(20.7m)(4.1m)(9.2m)(15.9m)(8.7m)(13.5m)(19.9m)

Cash From Investing Activities

(411.0k)(6.5m)12.7m(5.5m)(14.2m)(20.2m)(4.1m)(9.2m)(17.8m)(8.7m)(13.5m)(8.3m)

Long-term Borrowings

(10.0m)(10.0m)(8.6m)(24.3m)(24.9m)(10.4m)(22.1m)(22.8m)

Cash From Financing Activities

25.0m25.0m13.7m10.0m10.0m2.4m(8.3m)(4.0m)8.0m(1.3m)9.0k

Net Change in Cash

4.8m6.1m1.2m(11.8m)(1.5m)(11.9m)(12.2m)1.1m9.4m(11.3m)(1.9m)(2.8m)

Interest Paid

15.4m16.1m31.5m15.2m15.7m30.8m15.0m15.4m30.4m15.2m15.7m30.4m

Income Taxes Paid

1.1m1.7m2.0m706.0k1.1m1.3m952.0k1.6m678.0k278.0k410.0k1.5m

Accuride Ratios

USDQ1, 2013

Debt/Equity

7 x

Debt/Assets

0.5 x

Financial Leverage

13.8 x

Accuride Operating Metrics

FY, 2013FY, 2014FY, 2015Feb, 2020

Customers

1 k1 k1 k

Distribution Centers

2

Manufacturing Facilities

7

Product Categories

6

Accuride Employee Rating

3.426 votes
Culture & Values
3.2
Work/Life Balance
3.3
Senior Management
3.4
Salary & Benefits
3.2
Career Opportunities
2.7
Source
View Accuride profile

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