Chicago Rivet & Machine Co. (CVR) · 10+ Years of Financial statements

Income Statement	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Sales/Revenue/Turnover	21	29	31	34	37	37	36	37	36	37	33	28	34	34	32
+ Sales & Services Revenue	21	29	31	34	37	37	36	37	36	37	33	28	34	34	32
- Cost of Revenue	19	23	24	27	28	29	28	28	28	29	27	23	28	30	32
+ Cost of Goods & Services	19	23	24	27	28	29	28	28	28	29	27	23	28	30	32
Gross Profit	3	6	7	8	9	8	8	9	8	8	6	5	6	4	-1
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	5	5	5	5	5	5	5	6	6	6	5	5	5	5	5
+ Selling, General & Admin	5	5	5	5	5	5	5	6	6	6	5	5	5	5	5
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	-2	1	2	2	3	3	2	3	2	2	- -	- -	1	-1	-6
- Non-Operating (Income) Loss	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-5	- -
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-5	- -
Pretax Income	-2	1	2	3	4	3	3	4	2	3	1	- -	1	4	-6
- Income Tax Expense (Benefit)	-1	- -	1	1	1	1	1	1	- -	1	- -	- -	- -	1	-1
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-1	1	1	2	2	2	2	2	2	2	1	- -	1	3	-4
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	-1	1	1	2	2	2	2	2	2	2	1	- -	1	3	-4
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	-1	1	1	2	2	2	2	2	2	2	1	- -	1	3	-4
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-1	1	1	2	2	2	2	2	2	2	1	- -	1	3	-4
Basic Weighted Avg Shares	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Basic EPS, GAAP	-1.33	0.63	1.3	1.81	2.57	2.02	1.75	2.44	2.15	2.07	0.56	0.05	1.15	2.97	-4.56
Basic EPS from Cont Ops	-1.33	0.63	1.3	1.81	2.57	2.02	1.75	2.44	2.15	2.07	0.56	0.05	1.15	2.97	-4.56
Diluted Weighted Avg Shares	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Diluted EPS, GAAP	-1.33	0.63	1.3	1.81	2.57	2.02	1.75	2.44	2.15	2.07	0.56	0.05	1.15	2.97	-4.56
Diluted EPS from Cont Ops	-1.33	0.63	1.3	1.81	2.57	2.02	1.75	2.44	2.15	2.07	0.56	0.05	1.15	2.97	-4.56
EBITDA	-1	2	3	3	5	4	4	5	4	4	2	1	3	- -	-5
EBITDA Margin (%)	-4.92	6.4	8.37	10.11	12.28	11.07	10.36	12.76	10.06	9.98	5.7	4.58	7.88	0.31	-14.48
EBITA	-2	1	2	2	3	3	2	3	2	2	- -	- -	1	-1	-6
EBIT	-2	1	2	2	3	3	2	3	2	2	- -	- -	1	-1	-6
Gross Margin (%)	12.53	19.75	21.51	22.36	23.88	22.32	21.83	24.42	22.13	21.27	17.47	17.81	19.03	11.34	-1.9
Operating Margin (%)	-9.73	2.89	5.23	7.2	9.34	7.67	6.88	9.41	6.61	6.46	1.5	-0.3	4	-3.5	-18.53
Profit Margin (%)	-6	2.12	4.06	5.1	6.68	5.26	4.67	6.37	5.81	5.38	1.64	0.18	3.28	8.52	-13.97
Sales per Employee	102,841	130,231	139,887	150,104	157,948	157,353	154,592	160,270	163,309	163,045	151,488	132,013	169,028	161,760	152,211
Dividend per Share	0.48	0.42	0.51	0.9	0.63	1.12	0.97	0.99	1.15	1.14	1.18	0.52	0.88	0.88	0.64
Depreciation Expense	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1

Balance Sheet	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Total Current Assets	16	16	17	18	18	18	18	19	19	20	18	18	19	22	16
+ Cash, Cash Equivalents & STI	7	1	7	7	7	6	7	8	9	8	8	7	5	7	3
+ Cash & Cash Equivalents	1	1	1	- -	- -	- -	1	- -	1	1	1	3	2	4	1
+ ST Investments	6	- -	6	7	6	6	7	8	8	7	7	5	3	3	2
+ Accounts & Notes Receiv	4	4	4	5	6	6	5	5	5	6	5	5	6	5	4
+ Accounts Receivable, Net	4	4	4	5	6	6	5	5	5	6	5	5	6	5	4
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	4	4	5	5	5	5	5	5	5	6	5	5	9	9	7
+ Raw Materials	1	2	2	2	2	2	2	2	2	3	2	2	5	4	3
+ Work In Process	2	1	2	2	2	2	2	2	2	2	1	1	2	3	2
+ Finished Goods	1	2	2	2	2	2	2	2	2	2	2	2	2	3	3
+ Inventory Adjustments	-1	-1	-1	-1	-1	-1	-1	-1	-1	-1	- -	-1	-1	-1	-1
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	1	7	1	1	1	1	1	- -	- -	1	- -	- -	- -	1	1
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	8	7	8	8	10	11	12	12	13	13	14	13	12	12	12
+ Property, Plant & Equip, Net	8	7	8	8	10	11	12	12	13	13	14	13	12	12	12
+ Property, Plant & Equip	35	36	36	37	39	41	42	43	44	45	46	46	47	45	46
- Accumulated Depreciation	28	28	28	29	29	30	30	31	32	32	33	33	34	33	35
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Goodwill	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Assets	24	24	25	26	28	29	30	31	32	33	32	31	32	34	28
+ Payables & Accruals	2	1	1	2	2	2	2	2	2	2	1	1	2	1	1
+ Accounts Payable	1	1	1	1	1	1	1	1	1	1	- -	- -	1	1	1
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	1	- -	- -	1	1	1	1	1	1	1	1	1	1	1	1
+ ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	- -	- -	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Current Liabilities	2	2	2	2	2	2	2	2	2	3	2	2	2	2	2
+ LT Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	1	1	1	1	1	1	1	1	1	1	1	1	1	1	- -
+ Accrued Liabilities	1	1	1	1	1	1	1	1	1	1	1	1	1	1	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Liabilities	1	1	1	1	1	1	1	1	1	1	1	1	1	1	- -
Total Liabilities	2	2	3	3	3	3	4	3	3	3	3	3	3	3	2
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2
+ Common Stock	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
+ Additional Paid in Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Treasury Stock	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4
+ Retained Earnings	23	24	24	25	27	28	29	30	31	32	31	31	31	33	28
+ Other Equity	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	21	21	22	23	25	26	26	28	29	30	29	29	29	31	26
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	21	21	22	23	25	26	26	28	29	30	29	29	29	31	26
Total Liabilities & Equity	24	24	25	26	28	29	30	31	32	33	32	31	32	34	28
Shares Outstanding	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt	-1	-1	-1	- -	- -	- -	-1	- -	-1	-1	-1	-3	-2	-4	-1
Net Debt to Equity	-2.69	-3.4	-3.18	-1.71	-1.78	-0.9	-3.02	-1.27	-3.99	-2.38	-4.9	-8.94	-7.03	-13.05	-5.34
Tangible Common Equity Ratio	89.57	90.29	89	88.77	88.33	88.86	87.94	89.38	90.71	89.51	91.91	91.89	91.2	92.15	93.3
Current Ratio	9.14	10.43	8.71	9.11	7.99	8.54	7.97	8.21	8.68	7.79	11.13	11.89	10.31	12.87	8.5
Cash Conversion Cycle	130.63	100.62	108.84	103.88	100.53	106.9	107.48	102.65	104.31	108.93	119.74	138.33	141.93	157.21	138.13
Number of Employees	208	219	221	228	235	236	234	231	219	228	217	209	201	208	207

Cash Flow Statement	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
+ Net Income	-1	1	1	2	2	2	2	2	2	2	1	- -	1	3	-4
+ Depreciation & Amortization	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
+ Non-Cash Items	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-5	-1
+ Stock-Based Compensation	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-5	- -
+ Chg in Non-Cash Work Cap	1	- -	-1	- -	-1	-1	1	- -	- -	-2	1	-1	-3	-1	3
+ (Inc) Dec in Accts Receiv	- -	- -	- -	- -	-1	- -	- -	- -	- -	- -	1	-1	- -	1	1
+ (Inc) Dec in Inventories	1	-1	-1	- -	- -	- -	1	- -	- -	-2	1	- -	-3	-1	2
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1	- -	- -	- -	- -
+ Inc (Dec) in Other	-1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	- -	1	1	3	3	2	4	4	3	2	3	1	-1	-1	-2
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	5	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	5	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	-1	-2	-1	-3	-2	-2	-2	-1	-2	-2	-1	-1	-1	-1
+ Acq of Fixed Prod Assets	- -	-1	-2	-1	-3	-2	-2	-2	-1	-2	-2	-1	-1	-1	-1
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	-1	1	- -	-1	-1	- -	1	- -	2	2	- -	1
+ Dec in LT Investment	12	- -	6	5	7	4	7	6	7	6	7	7	4	1	3
+ Inc in LT Investment	-13	- -	-5	-6	-6	-4	-8	-8	-7	-5	-7	-5	-2	-1	-2
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-1	-1	-1	-2	-2	-1	-3	-4	-1	-1	-1	1	1	4	- -
+ Dividends Paid	- -	- -	- -	-1	-1	-1	-1	-1	-1	-1	-1	-1	-1	-1	-1
+ Net Cash From Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash From Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Repayments of Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Financing Activities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	- -	- -	- -	-1	-1	-1	-1	-1	-1	-1	-1	-1	-1	-1	-1
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	-1	- -	- -	- -	- -	- -	1	- -	1	- -	1	1	-1	2	-3
EBITDA	-1	2	3	3	5	4	4	5	4	4	2	1	3	- -	-5
EBITDA Margin (%)	-4.92	6.4	8.37	10.11	12.28	11.07	10.36	12.76	10.06	9.98	5.7	4.58	7.88	0.31	-14.48
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow	- -	1	- -	2	- -	1	2	2	2	- -	1	- -	-2	-2	-3
Free Cash Flow to Firm	- -	1	- -	2	- -	1	2	2	2	- -	1	- -	-2	-2	- -
Free Cash Flow to Equity	- -	1	- -	2	- -	1	2	2	2	- -	1	- -	-2	3	-3
Free Cash Flow per Basic Share	-0.12	0.52	-0.46	1.75	-0.4	0.73	2.08	2.07	1.72	-0.12	1.42	-0.21	-1.74	-2.31	-3.12
Price/Free Cash Flow	18.15	9.17	6.35	4.76	4.7	6.88	3.62	6.42	6.97	7.93	5.05	15.25	-74.86	-94.29	-18.13
Cash Flow to Net Income	-0.25	1.95	0.86	1.59	1.23	1.21	2.42	1.71	1.44	0.94	5.89	12.36	-0.91	-0.44	0.44

Chicago Rivet & Machine Co.

CVR US

15.50

15.50