Shimmick Corp
For the period ended Jun 28, 2024. Filed Aug 16, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 28, 2024 · Filed Aug 16, 2024
SHIM$2.33+0.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(In thousands, except share data)
| June 28, | December 29, | |
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $22,381 | $62,939 |
| Restricted cash | 497 | 971 |
| Accounts receivable, net | 48,519 | 54,178 |
| Contract assets, current | 119,694 | 125,943 |
| Prepaids and other current assets | 17,734 | 13,427 |
| TOTAL CURRENT ASSETS | 208,825 | 257,458 |
| Property, plant and equipment, net | 36,153 | 46,373 |
| Intangible assets, net | 7,956 | 9,244 |
| Contract assets, non-current | 46,569 | 48,316 |
| Lease right-of-use assets | 21,328 | 23,855 |
| Investment in unconsolidated joint ventures | 22,202 | 21,283 |
| Deferred tax assets | - | 17,252 |
| Other assets | 1,481 | 2,871 |
| TOTAL ASSETS | $344,514 | $426,652 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable | $57,081 | $81,589 |
| Contract liabilities, current | 111,821 | 115,785 |
| Accrued salaries, wages and benefits | 28,610 | 26,911 |
| Accrued expenses | 39,073 | 33,897 |
| Short-term debt | 14,773 | - |
| Other current liabilities | 14,621 | 13,071 |
| TOTAL CURRENT LIABILITIES | 265,979 | 271,253 |
| Long-term debt, net | 52,789 | 29,627 |
| Lease liabilities, non-current | 13,154 | 15,045 |
| Contract liabilities, non-current | 2,689 | 3,215 |
| Contingent consideration | 4,304 | 15,488 |
| Deferred tax liabilities | - | 17,252 |
| Other liabilities | 5,163 | 4,282 |
| TOTAL LIABILITIES | 344,078 | 356,162 |
| Commitments and Contingencies (Note 11) | ||
| STOCKHOLDERS' EQUITY | ||
| Common stock, $0.01 par value, 100,000,000 shares authorized as of June 28, 2024 and December 29, 2023; 33,709,919 and 25,493,877 shares issued and outstanding as of June 28, 2024 and December 29, 2023, respectively | 337 | 255 |
| Additional paid-in-capital | 39,205 | 24,445 |
| Retained (deficit) earnings | (38,185) | 46,537 |
| Non-controlling interests | (921) | (747) |
| TOTAL STOCKHOLDERS' EQUITY | 436 | 70,490 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $344,514 | $426,652 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.