ARES STRATEGIC MINING INC. (USAM)
U.S. Automotive Manufacturing, Inc. (USAM) is a specialist in creating both new and reconditioned friction components for the automotive industry. Their comprehensive product line features brake linings, integrally molded and riveted brake pads, and thoroughly remanufactured brake shoes. These crucial braking parts are designed for integration into a wide array of domestic and imported vehicle makes and models. USAM supplies various friction lining formulations, including asbestos, non-asbestos organic, and semi-metallic options, all tailored for the automotive and light truck aftermarket. A notable aspect of their operations is the use of manufacturing processes for replacement brakes that closely replicate those originally used for the vehicle's original equipment. The company distributes its products through an extensive network, engaging with wholesale and retail automotive distributors, major mass merchandisers, chain store groups, and other brake manufacturers. Its market reach covers the United States and extends into eleven international countries. Established in 1992, U.S. Automotive Manufacturing, Inc. is headquartered in Sanford, Florida.
Sector: Mining & Quarrying of Nonmetallic Minerals (No Fuels)
Industry: Auto - Parts
U.S. Automotive Manufacturing, Inc.
NASDAQ:USAMConsumer Cyclical · Auto - Parts
Mkt Cap-
Float-
O/S-
Inst Own-
Dilution
Financials Summary
Revenue$25.79M
Net Income-$3.06M
Total Assets$29.46M
Free Cash Flow$456K
Debt & Equity
Debt 70%
Equity 30%
Total Debt$16.98M
Total Equity$7.4M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in USAM's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$29.46M
Liabilities$22.05M
Accounts Receivable$3.53M
Accounts Payable$3.52M
Inventory$8.75M
PP&E (Net)$10.97M
Goodwill$0
Intangible Assets$5.64M
Income Statement
| Period | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1995 | FY 1994 | FY 1993 | FY 1992 | FY 1991 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 | 1995-12-31 | 1994-12-31 | 1993-12-31 | 1992-12-31 | 1991-12-31 |
| Revenue | $25.79M | $20.7M | $7M | $3.9M | $8.4M | $16.1M | $18.7M | $17M | $16.2M |
| YoY Growth | 24.6% | 195.7% | 79.5% | -53.6% | -47.8% | -13.9% | 10.0% | 4.9% | - |
| Cost of Revenue | $18.13M | $15.5M | $5.2M | $4.4M | $0 | $13M | $13.7M | $12.5M | $12.5M |
| Gross Profit | $7.66M | $5.2M | $1.8M | -$500K | $8.4M | $3.1M | $5M | $4.5M | $3.7M |
| Gross Margin | 29.7% | 25.1% | 25.7% | -12.8% | 100.0% | 19.3% | 26.7% | 26.5% | 22.8% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $7.11M | $7.1M | $10.1M | $2.7M | $0 | $5.9M | $3.6M | $2.6M | $2.3M |
| Other | $1.63M | $1.4M | $800K | $900K | $0 | $700K | $700K | $300K | $200K |
| Total Operating Expenses | $8.74M | $8.5M | $10.9M | $3.6M | $0 | $6.6M | $4.3M | $2.9M | $2.5M |
| Operating Income (EBIT) | -$1.07M | -$3.3M | -$9.1M | -$4.1M | $0 | -$3.5M | $700K | $1.6M | $1.2M |
| Operating Margin | -4.2% | -15.9% | -130.0% | -105.1% | - | -21.7% | 3.7% | 9.4% | 7.4% |
| Interest Expense | $0 | $1.4M | $0 | $2M | $0 | $0 | $400K | $200K | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $1.07M | $3.3M | $9.1M | $4.1M | $0 | $0 | -$300K | -$200K | $0 |
| Income Before Tax (EBT) | $0 | $0 | $0 | $0 | $0 | -$3.5M | $400K | $1.4M | $1.2M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | -$200K | $100K | $500K | $200K |
| Net Income | -$3.06M | -$4.6M | -$13M | -$6.1M | -$4.2M | -$3.3M | $300K | $900K | $1M |
| Net Income Margin | -11.9% | -22.2% | -185.7% | -156.4% | -50.0% | -20.5% | 1.6% | 5.3% | 6.2% |
| Supplementary Data | |||||||||
| EPS | -2.72 | -4.36 | -18.23 | -13.50 | -21.90 | -39.90 | 3.90 | 11.40 | 14.40 |
| Diluted EPS | -2.72 | -4.36 | -18.23 | -13.50 | -21.90 | -39.90 | 3.90 | 11.40 | 14.40 |
| Weighted Average OS | 1.13M | 1.06M | 735,849 | 451,852 | 339,000 | 82,707 | 76,923 | 78,947 | 69,444 |
| EBITDA | $559K | -$1.9M | -$8.3M | -$3.2M | $8.4M | -$2.8M | $1.4M | $1.9M | $1.4M |
| EBITDA Margin | 2.2% | -9.2% | -118.6% | -82.1% | 100.0% | -17.4% | 7.5% | 11.2% | 8.6% |
Balance Sheet
| Period | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1994 | FY 1993 | FY 1992 | FY 1991 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 | 1994-12-31 | 1993-12-31 | 1992-12-31 | 1991-12-31 |
| Assets | ||||||||
| Current Assets | ||||||||
| Cash and Cash Equivalents | $152K | $300K | $1M | $1M | $200K | $100K | $200K | $100K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $152K | $300K | $1M | $1M | $200K | $100K | $200K | $100K |
| Accounts Receivable | $3.53M | $5M | $2.8M | $600K | $2.8M | $3.7M | $2.5M | $2.1M |
| Inventory | $8.75M | $9.4M | $8.7M | $3.4M | $5.5M | $7.8M | $6.9M | $3.9M |
| Other Current Assets | $28K | $100K | $500K | $300K | $1.3M | $500K | $400K | $0 |
| Total Current Assets | $12.46M | $14.8M | $13M | $5.3M | $9.8M | $12.1M | $10M | $6.1M |
| Long-Term Assets | ||||||||
| Property, Plant & Equipment Net | $10.97M | $11.1M | $10.3M | $3.2M | $4.3M | $5.8M | $4.9M | $1.6M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $5.64M | $6M | $6.3M | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $398K | $200K | -$100K | $200K | $300K | $500K | $400K | $300K |
| Total Long-Term Assets | $17M | $17.3M | $16.5M | $3.4M | $4.6M | $6.3M | $5.3M | $1.9M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $29.46M | $32.1M | $29.5M | $8.7M | $14.4M | $18.4M | $15.3M | $8M |
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts Payable | $3.52M | $4M | $2.7M | $400K | $3.7M | $3.4M | $1.8M | $2.3M |
| Short-Term Debt | $11.52M | $8.4M | $6.5M | $1.2M | $6M | $5.3M | $4.3M | $1.9M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $1.55M | $700K | $900K | $200K | $300K | $0 | $100K | $300K |
| Total Current Liabilities | $16.59M | $13.1M | $10.1M | $1.8M | $10M | $8.7M | $6.2M | $4.5M |
| Long-Term Liabilities | ||||||||
| Long-Term Debt | $5.46M | $8.8M | $4.7M | $2.1M | $600K | $2.6M | $2.4M | $300K |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $300K | $300K | $100K | $100K |
| Other Long-Term Liabilities | -$5.46M | -$8.8M | -$4.7M | -$2.1M | -$900K | -$2.9M | -$2.5M | -$400K |
| Total Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Liabilities | $5.46M | $8.9M | $4.7M | $2.5M | $900K | $2.9M | $2.6M | $400K |
| Total Liabilities | $22.05M | $22M | $14.8M | $4.3M | $10.9M | $11.6M | $8.8M | $4.9M |
| Stockholders' Equity | ||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $1K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | -$31.85M | -$28.8M | -$24.2M | -$11.2M | -$900K | $2.4M | $2.1M | $1.6M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $39.25M | $38.9M | $38.9M | $15.6M | $4.4M | $4.4M | $4.4M | $1.5M |
| Total Equity | $7.4M | $10.1M | $14.7M | $4.4M | $3.5M | $6.8M | $6.5M | $3.1M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $29.46M | $32.1M | $29.5M | $8.7M | $14.4M | $18.4M | $15.3M | $8M |
| Supplementary Data | ||||||||
| Total Debt | $16.98M | $17.2M | $11.2M | $3.3M | $6.6M | $7.9M | $6.7M | $2.2M |
| Net Debt | $16.83M | $16.9M | $10.2M | $2.3M | $6.4M | $7.8M | $6.5M | $2.1M |
Cash Flow Statement
| Period | FY 1999 | FY 1998 | FY 1997 | FY 1996 | FY 1994 | FY 1993 | FY 1992 | FY 1991 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 | 1994-12-31 | 1993-12-31 | 1992-12-31 | 1991-12-31 |
| Operating Activities | ||||||||
| Net Income | -$3.06M | -$4.6M | -$13M | -$6.1M | -$3.3M | $300K | $900K | $1M |
| Depreciation & Amortization | $1.63M | $1.4M | $800K | $900K | $700K | $700K | $300K | $200K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $100K | $100K | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||
| Accounts Receivable | $1.51M | -$2.2M | $500K | -$100K | $300K | -$1.2M | -$500K | -$300K |
| Inventory | $675K | -$700K | -$600K | $500K | $2.3M | -$900K | -$3M | -$1.1M |
| Accounts Payable | $510K | $1.2M | $200K | -$600K | $400K | $1.6M | -$500K | -$1.4M |
| Other Working Capital | -$12K | $400K | $700K | $100K | $0 | -$100K | -$500K | $100K |
| Total Working Capital Change | $2.69M | -$1.3M | $800K | -$100K | $3M | -$600K | -$4.5M | -$2.7M |
| Other Non-Cash Items | $364K | $500K | $6.4M | $2M | $800K | $0 | $0 | $100K |
| Net Cash from Operating | $1.62M | -$4M | -$5M | -$3.3M | $1.2M | $500K | -$3.2M | -$1.4M |
| Investing Activities | ||||||||
| Capital Expenditures | -$1.16M | -$2M | -$3.9M | -$100K | -$400K | -$1.4M | -$3.1M | -$300K |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $200K | $0 | $0 | $0 |
| Other Investing Activities | $83K | $100K | $0 | $100K | -$100K | $0 | -$100K | -$100K |
| Net Cash from Investing | -$1.08M | -$1.9M | -$3.9M | $0 | -$300K | -$1.4M | -$3.2M | -$400K |
| Financing Activities | ||||||||
| Debt Repaid | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$726K | $5.2M | $8.9M | $4.2M | -$800K | $800K | $6.9M | $1.9M |
| Net Cash from Financing | -$726K | $5.2M | $8.9M | $4.2M | -$800K | $800K | $6.6M | $1.8M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$187K | -$1M | $0 | -$100K | -$100K | -$200K | -$100K | $0 |
| Supplementary Data | ||||||||
| Operating Cash Flow | $1.62M | -$4M | -$5M | -$3.3M | $1.2M | $500K | -$3.2M | -$1.4M |
| Capital Expenditure | -$1.16M | -$2M | -$3.9M | -$100K | -$400K | -$1.4M | -$3.1M | -$300K |
| Free Cash Flow | $456K | -$6M | -$8.9M | -$3.4M | $800K | -$900K | -$6.3M | -$1.7M |
| Cash at Beginning | $339K | $1M | $1M | $100K | $100K | $200K | $100K | $0 |
| Cash at End | $152K | $0 | $1M | $0 | $0 | $0 | $0 | $0 |