Shimmick Corp
For the period ended Sep 27, 2024. Filed Nov 12, 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.
Sep 27, 2024 · Filed Nov 12, 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)
| September 27, | December 29, | |
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $25,962 | $62,939 |
| Restricted cash | 611 | 971 |
| Accounts receivable, net | 53,516 | 54,178 |
| Contract assets, current | 127,518 | 125,943 |
| Prepaids and other current assets | 13,582 | 13,427 |
| TOTAL CURRENT ASSETS | 221,189 | 257,458 |
| Property, plant and equipment, net | 21,396 | 46,373 |
| Intangible assets, net | 7,312 | 9,244 |
| Contract assets, non-current | 49,159 | 48,316 |
| Lease right-of-use assets | 25,996 | 23,855 |
| Investment in unconsolidated joint ventures | 19,936 | 21,283 |
| Deferred tax assets | - | 17,252 |
| Other assets | 1,749 | 2,871 |
| TOTAL ASSETS | $346,737 | $426,652 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable | $69,441 | $81,589 |
| Contract liabilities, current | 97,627 | 115,785 |
| Accrued salaries, wages and benefits | 29,400 | 26,911 |
| Accrued expenses | 62,782 | 33,897 |
| Other current liabilities | 18,926 | 13,071 |
| TOTAL CURRENT LIABILITIES | 278,176 | 271,253 |
| Long-term debt, net | 39,903 | 29,627 |
| Lease liabilities, non-current | 17,117 | 15,045 |
| Contract liabilities, non-current | - | 3,215 |
| Contingent consideration | 4,718 | 15,488 |
| Deferred tax liabilities | - | 17,252 |
| Other liabilities | 5,850 | 4,282 |
| TOTAL LIABILITIES | 345,764 | 356,162 |
| Commitments and Contingencies (Note 11) | ||
| STOCKHOLDERS' EQUITY | ||
| Common stock, $0.01 par value, 100,000,000 shares authorized as of September 27, 2024 and December 29, 2023; 33,738,739 and 25,493,877 shares issued and outstanding as of September 27, 2024 and December 29, 2023, respectively | 338 | 255 |
| Additional paid-in-capital | 40,543 | 24,445 |
| Retained (deficit) earnings | (39,749) | 46,537 |
| Non-controlling interests | (159) | (747) |
| TOTAL STOCKHOLDERS' EQUITY | 973 | 70,490 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $346,737 | $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.