Tecnoglass Inc
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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FY2023 · Filed Feb 29, 2024
TGLS$47.09+7.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Statements of Operations and Comprehensive Income
Consolidated Statements of Operations and Comprehensive Income
(In thousands, except share and per share data)
| Twelve months ended | |||
|---|---|---|---|
| December 31, | |||
| 2023 | 2022 | 2021 | |
| Operating revenues: | |||
| External customers | $830,879 | $714,735 | $494,665 |
| Related parties | 2,386 | 1,835 | 2,120 |
| Total operating revenues | 833,265 | 716,570 | 496,785 |
| Cost of sales | 442,331 | 367,071 | 294,201 |
| Gross profit | 390,934 | 349,499 | 202,584 |
| Operating expenses: | |||
| Selling expense | (68,061) | (69,006) | (49,768) |
| General and administrative expense | (63,111) | (54,078) | (35,831) |
| Total operating expenses | (131,172) | (123,084) | (85,599) |
| Operating income | 259,762 | 226,415 | 116,985 |
| Non-operating income, net | 5,131 | 4,218 | 608 |
| Foreign currency transactions gains (losses) | 686 | 2,013 | (4,308) |
| Interest expense and deferred cost of financing | (9,178) | (8,156) | (9,850) |
| Equity method income | 5,013 | 6,680 | 4,177 |
| Extinguishment of Debt | - | - | (10,699) |
| Income before taxes | 261,414 | 231,170 | 96,913 |
| Income tax provision | (77,904) | (74,758) | (28,485) |
| Net income | $183,510 | $156,412 | $68,428 |
| Income attributable to non-controlling interest | (628) | (669) | (277) |
| Income attributable to parent | $182,882 | $155,743 | $68,151 |
| Basic income per share | $3.85 | $3.27 | $1.43 |
| Diluted income per share | $3.85 | $3.27 | $1.43 |
| Basic weighted average common shares outstanding | 47,508,980 | 47,674,773 | 47,674,773 |
| Diluted weighted average common shares outstanding | 47,508,980 | 47,674,773 | 47,674,773 |
| Other comprehensive income: | |||
| Foreign currency translation adjustments | 63,058 | (46,623) | (25,080) |
| Change in fair value derivative contracts | (2,734) | 9,187 | (159) |
| Other Comprehensive Income | 60,324 | (37,436) | (25,239) |
| Total Comprehensive income | $243,834 | $118,976 | $43,189 |
| Income attributable to non-controlling interest | (628) | (669) | (277) |
| Total comprehensive income attributable to parent | $243,206 | $118,307 | $42,912 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.