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PGT Innovations Balance Sheet 2023-2009 | PGTI
Brief overview of PGT Innovations's assets and capital
The review uses the five latest available annual reports between 2018 and 2023.
Assets advanced +83% to $1.6 billion from $862.2 million; annual growth near 12.8% reflects a fast increase in scale.
Asset growth of +83% came with a +92.6% rise in liabilities. Financial leverage became more prominent.
Equity represents 41.8% of assets versus 44.7% initially. The capital structure appears balanced.
The net-debt-to-equity ratio is 0.91x. Borrowed funding is already a meaningful part of the structure.
Cash accounts for 2.1% of assets versus 6.1% initially. The change indicates the degree of financial flexibility.
Retained earnings reached $311.1 million, changing +3,595.4% over the period. A positive accumulated result supports equity.
What the balance sheet shows
PGT Innovations's financial position is more positive than negative: the funding mix is workable, although the cushion is not unlimited.
Annual Balance Sheet PGT Innovations
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
600 M | 592 M | 318 M | - | 276 M | 314 M | 179 M | 211 M | 151 M | - | 47.1 M | 18.8 M | 34.6 M | - | - |
Long Term Debt |
612 M | 642 M | 412 M | - | 369 M | 367 M | 213 M | 248 M | 192 M | - | 72.4 M | 37.5 M | 45.5 M | - | - |
Long Term Debt Current |
20.4 M | 16.4 M | 6.13 M | - | 4.7 M | 163 K | 294 K | 1.95 M | 1.96 M | - | 4.89 M | - | - | - | - |
Total Non Current Liabilities |
- | - | - | - | 435 M | 408 M | 236 M | 216 M | 213 M | - | 87.2 M | 53.8 M | 69 M | - | - |
Total Current Liabilities |
134 M | 185 M | 90.5 M | - | 56.1 M | 68.7 M | 41.4 M | 22.8 M | 19.3 M | - | 20.4 M | 13.3 M | 12.8 M | - | - |
Total Liabilities |
918 M | 978 M | 577 M | - | 491 M | 477 M | 278 M | 304 M | 233 M | - | 108 M | 67.1 M | 75.5 M | - | - |
Deferred Revenue |
21.9 M | 39.1 M | 22.8 M | - | 7.9 M | 8.3 M | 528 K | 25.9 M | 5.16 M | - | 2.76 M | 46 K | 185 K | - | - |
Retained Earnings |
311 M | 205 M | 79.9 M | - | 34.8 M | -8.9 M | -64.7 M | -105 M | -152 M | - | -168 M | -195 M | -204 M | - | - |
Total Assets |
1.58 B | 1.64 B | 1.06 B | - | 923 M | 862 M | 453 M | 437 M | 307 M | - | 157 M | 141 M | 143 M | - | - |
Cash and Cash Equivalents |
32.7 M | 66.5 M | 100 M | - | 97.2 M | 52.6 M | 34 M | 39.2 M | 42.5 M | - | 30.2 M | 18.7 M | 10.9 M | 7.42 M | 19.6 M |
Book Value |
660 M | 663 M | 485 M | - | 432 M | 386 M | 175 M | 133 M | 74 M | - | 49.1 M | 74.2 M | 67.4 M | - | - |
Total Shareholders Equity |
660 M | 628 M | 485 M | - | 432 M | 386 M | 175 M | 107 M | 74 M | - | 49.1 M | 74.2 M | 67.4 M | 68.2 M | 74.2 M |
All numbers in USD currency
Quarterly Balance Sheet PGT Innovations
| 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
632 M | 670 M | 645 M | 642 M | 627 M | 626 M | 626 M | 412 M | 566 M | 474 M | 474 M | - | 412 M | 421 M | 421 M | 369 M | 368 M | 367 M | 367 M | 367 M | 374 M | 215 M | 215 M | 213 M | 231 M | 249 M | 249 M | 248 M | 247 M | 248 M | 248 M | 192 M | 191 M | 191 M | 191 M | - | 192 M | 70.6 M | 71.5 M | 72.4 M | 74.2 M | 75.1 M | 30 M | 37.5 M | 40.5 M | 43.5 M | 45 M | 45.5 M | 45.5 M | 46.8 M | 45.5 M |
Total Liabilities |
947 M | 964 M | 953 M | 978 M | 949 M | 946 M | 906 M | 577 M | 805 M | 726 M | 696 M | - | 589 M | 590 M | 581 M | 491 M | 496 M | 507 M | 495 M | 477 M | 484 M | 302 M | 286 M | 278 M | 305 M | 315 M | 308 M | 304 M | 307 M | 311 M | 303 M | 233 M | 244 M | 241 M | 245 M | - | 240 M | 109 M | 108 M | 108 M | 109 M | 107 M | 61.8 M | 67.1 M | 72.9 M | 76.2 M | 77.8 M | 75.5 M | 79.5 M | 83 M | 75.5 M |
Deferred Revenue |
27 M | 30.3 M | 31.1 M | 39.1 M | 42.9 M | 46.8 M | 43.8 M | 22.8 M | 41.2 M | 42.6 M | 34 M | - | 19.5 M | 17.5 M | 13.1 M | 7.9 M | 7.6 M | 10.6 M | 8.6 M | 8.3 M | 8.3 M | 8.3 M | 8.3 M | 528 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
306 M | 267 M | 236 M | 205 M | 194 M | 164 M | 127 M | 79.9 M | 91.9 M | 98.7 M | 92.1 M | - | 69.9 M | 52.6 M | 50.4 M | 34.8 M | 31.5 M | 16.4 M | -643 K | -8.9 M | -19.4 M | -32.9 M | -55.5 M | -64.7 M | -85 M | -91.3 M | -102 M | -105 M | -109 M | -120 M | -127 M | -152 M | -132 M | -139 M | -145 M | - | -155 M | -157 M | -165 M | -168 M | -174 M | -180 M | -190 M | -195 M | -198 M | -201 M | -205 M | -204 M | -198 M | -198 M | -204 M |
Total Assets |
1.61 B | 1.61 B | 1.62 B | 1.64 B | 1.6 B | 1.57 B | 1.5 B | 1.06 B | 1.36 B | 1.28 B | 1.24 B | - | 1.06 B | 1.04 B | 1.03 B | 923 M | 922 M | 922 M | 891 M | 862 M | 861 M | 510 M | 471 M | 453 M | 460 M | 463 M | 444 M | 437 M | 435 M | 426 M | 409 M | 307 M | 347 M | 337 M | 327 M | - | 312 M | 175 M | 162 M | 157 M | 152 M | 142 M | 136 M | 141 M | 148 M | 147 M | 145 M | 143 M | 153 M | 156 M | 143 M |
Cash and Cash Equivalents |
37.7 M | 39.4 M | 48.3 M | 66.5 M | 219 M | 159 M | 104 M | 100 M | 115 M | 47.6 M | 59 M | - | 99.3 M | 98.4 M | 67.6 M | 97.2 M | 81.8 M | 84.5 M | 44.9 M | 52.6 M | 32.2 M | 63.9 M | 34 M | 34 M | 44.7 M | 50.3 M | 38.9 M | 39.2 M | 29.9 M | 29.5 M | 16.7 M | 42.5 M | 54.8 M | 47.5 M | 48.7 M | - | 43.7 M | 33.4 M | 30.8 M | 30.2 M | 23.7 M | 15.6 M | 14.3 M | 18.7 M | 19.7 M | 15.7 M | 14 M | 10.9 M | 7.86 M | 7.68 M | 10.9 M |
Book Value |
661 M | 648 M | 671 M | 663 M | 653 M | 620 M | 593 M | 485 M | 551 M | 555 M | 544 M | - | 471 M | 451 M | 445 M | 432 M | 426 M | 414 M | 396 M | 386 M | 376 M | 209 M | 185 M | 175 M | 154 M | 147 M | 136 M | 133 M | 128 M | 115 M | 107 M | 74 M | 103 M | 95.1 M | 81.6 M | - | 71.8 M | 65.6 M | 53.9 M | 49.1 M | 43.1 M | 34.7 M | 74 M | 74.2 M | 74.6 M | 71 M | 67.3 M | 67.4 M | 73.5 M | 73.1 M | 67.4 M |
Total Shareholders Equity |
661 M | 648 M | 634 M | 628 M | 613 M | 581 M | 554 M | 485 M | 517 M | 522 M | 509 M | - | 471 M | 451 M | 445 M | 432 M | 426 M | 414 M | 396 M | 386 M | 376 M | 209 M | 185 M | 175 M | 154 M | 147 M | 136 M | 133 M | 128 M | 115 M | 107 M | 74 M | 103 M | 95.1 M | 81.6 M | - | 71.8 M | 65.6 M | 53.9 M | 49.1 M | 43.1 M | 34.7 M | 74 M | 74.2 M | 74.6 M | 71 M | 67.3 M | 67.4 M | 73.5 M | 73.1 M | 67.4 M |
All numbers in USD currency
Balance Sheet is a fundamental financial report of PGT Innovations, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
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