GRAFTECH INTERNATIONAL LTD
For the period ended Dec 31, 2024. Filed Feb 14, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 14, 2025
EAF$10.29-3.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive (Loss) Income
(Dollars in thousands, except per share data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| STATEMENTS OF OPERATIONS | |||
| Net sales | $538,782 | $620,500 | $1,281,250 |
| Cost of goods sold | 533,757 | 571,857 | 726,373 |
| Lower of cost or market inventory valuation adjustment | 24,878 | 12,431 | — |
| Gross (loss) profit | (19,853) | 36,212 | 554,877 |
| Research and development | 5,706 | 5,520 | 3,641 |
| Selling and administrative expenses | 46,510 | 74,012 | 76,977 |
| Rationalization expenses | 3,156 | — | — |
| Goodwill impairment charges | — | 171,117 | — |
| Operating (loss) income | (75,225) | (214,437) | 474,259 |
| Other (income) expense, net | (1,569) | 4,679 | (10,147) |
| Interest expense | 85,313 | 58,087 | 36,568 |
| Interest income | (5,701) | (3,439) | (4,480) |
| (Loss) income before income taxes | (153,268) | (273,764) | 452,318 |
| Income tax (benefit) expense | (22,103) | (18,514) | 69,356 |
| Net (loss) income | $(131,165) | $(255,250) | $382,962 |
| Basic (loss) income per common share: | |||
| Net (loss) income per share | $(0.51) | $(0.99) | $1.48 |
| Weighted average common shares outstanding | 257,667,125 | 257,042,843 | 258,781,843 |
| Diluted (loss) income per common share: | |||
| Net (loss) income per share | (0.51) | (0.99) | 1.48 |
| Weighted average common shares outstanding | 257,667,125 | 257,042,843 | 258,791,228 |
| STATEMENTS OF COMPREHENSIVE (LOSS) INCOME | |||
| Net (loss) income | $(131,165) | $(255,250) | $382,962 |
| Other comprehensive (loss) income: | |||
| Foreign currency translation adjustments, net of tax of $29, $(8) and $0, respectively | (24,385) | 10,166 | (7,024) |
| Commodities, interest rate and foreign currency derivatives, net of tax of $2,111, $4,424 and $(2,591), respectively | (7,516) | (13,554) | 6,398 |
| Other comprehensive loss, net of tax: | (31,901) | (3,388) | (626) |
| Comprehensive (loss) income | $(163,066) | $(258,638) | $382,336 |
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