Aerojet Rocketdyne Holdings, Inc. (AJRD) Financial Statements (2024 and earlier)

Company Profile

Business Address 222 N. PACIFIC COAST HIGHWAY
EL SEGUNDO, CA 90245
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 376 - Guided Missiles And Space Vehicles And Parts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments332,600343,700569,400621,000 634,700
Cash and cash equivalents322,100334,500560,300610,900 624,900
Short-term investments10,5009,2009,10010,100 9,800
Restricted cash and investments3,1003,0003,0003,000 3,000
Receivables126,600134,000170,300143,400 85,200
Inventory, net of allowances, customer advances and progress billings 15,800     
Inventory 15,800     
Contract with customer, asset, after allowance for credit loss451,100403,300377,300372,000 327,700
Other current assets155,600117,700125,70093,600 121,300
Other undisclosed current assets (15,800)     
Total current assets:1,069,0001,001,7001,245,7001,233,000 1,171,900
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 39,400     
Operating lease, right-of-use asset54,50049,50046,30049,800 47,300
Property, plant and equipment420,200413,300411,000413,300 409,500
Intangible assets, net (including goodwill)189,700191,200192,900194,500 197,900
Goodwill161,400161,400161,400161,400 161,400
Intangible assets, net (excluding goodwill)28,30029,80031,50033,100 36,500
Deferred income tax assets208,700189,300145,500101,500 69,700
Other noncurrent assets208,200207,100207,100236,300 237,000
Other undisclosed noncurrent assets182,100221,500217,700220,700 229,500
Total noncurrent assets:1,302,8001,271,9001,220,5001,216,100 1,190,900
TOTAL ASSETS:2,371,8002,273,6002,466,2002,449,100 2,362,800
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities142,100117,000115,100115,100 99,200
Accounts payable142,100117,000115,100115,100 99,200
Deferred revenue334,700351,100371,500366,700 342,200
Debt14,70014,700179,300177,300 163,600
Accrued environmental loss contingencies36,90039,50042,60041,200 40,500
Other liabilities218,700280,600254,700213,100 163,400
Total current liabilities:747,100802,900963,200913,400 808,900
Noncurrent Liabilities
Long-term debt and lease obligation, including:288,400292,100276,700285,700 303,600
Finance lease, liability 40,300     
Other undisclosed long-term debt and lease obligation248,100252,000240,600246,900 268,000
Liabilities, other than long-term debt795,000613,400616,100661,300 814,400
Liability, pension and other postretirement and postemployment benefits229,300223,100230,000242,900 371,800
Accrued environmental loss contingencies253,600253,900248,900252,500 262,800
Other liabilities265,900136,400137,200165,900 179,800
Operating lease, liability46,20040,10036,10038,800 35,600
Other undisclosed noncurrent liabilities  40,10036,10038,800 35,600
Total noncurrent liabilities:1,083,400945,600928,900985,800 1,153,600
Total liabilities:1,830,5001,748,5001,892,1001,899,200 1,962,500
Equity
Equity, attributable to parent541,300525,100574,100549,900 400,300
Common stock8,0008,0008,0008,000 8,000
Treasury stock, value(63,000)(63,000)(64,400)(64,400) (64,400)
Additional paid in capital507,200505,100574,500572,700 596,000
Accumulated other comprehensive loss(87,500)(85,400)(90,600)(95,800) (193,100)
Retained earnings176,600160,400146,600129,400 53,800
Total equity:541,300525,100574,100549,900 400,300
TOTAL LIABILITIES AND EQUITY:2,371,8002,273,6002,466,2002,449,100 2,362,800

Income Statement (P&L) ($ in thousands)

3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
Revenues648,200549,800528,500511,100(1,598,300)545,300
Cost of revenue(578,700)(477,500)(476,900)(429,700) (455,200)
Cost of goods and services sold(551,900)(459,300)(469,500)(425,500) (446,500)
Gross profit:69,50072,30051,60081,400 90,100
Operating expenses(48,400)(19,000)(23,400)(38,700) (18,700)
Other operating income (expense), net(27,300)(1,900)1,500(4,200) (8,700)
Other undisclosed operating income (loss)27,3001,900(1,500)4,200 8,700
Operating income:21,10053,30028,20042,700 71,400
Nonoperating income (expense)(2,200)(25,900)(4,500)(4,400) (14,100)
Interest and debt expense (22,700)(4,300)(3,900) (900)
Income from continuing operations before equity method investments, income taxes:18,9004,70019,40034,400 56,400
Other undisclosed income from continuing operations before income taxes 22,7004,3003,900 900
Income from continuing operations before income taxes:18,90027,40023,70038,300 57,300
Income tax expense(2,800)(13,700)(7,300)(10,500) (14,700)
Income from continuing operations:16,10013,70016,40027,800 42,600
Income before gain (loss) on sale of properties:13,70016,40027,80042,600
Net income attributable to parent:16,10013,70016,40027,800 42,600
Preferred stock dividends and other adjustments 1,000     
Undistributed earnings (loss) allocated to participating securities, basic (100)(100)(100) (300)
Other undisclosed net loss available to common stockholders, basic (1,000)     
Net income available to common stockholders, basic:16,10013,60016,30027,700 42,300
Interest on convertible debt  100700700  
Net income available to common stockholders, diluted:16,10013,70017,00028,400 42,300

Comprehensive Income ($ in thousands)

3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
Net income:16,10013,70016,40027,800 42,600
Other comprehensive income (loss)18,800(1,800)(1,700)(1,800) (3,800)
Comprehensive income:34,90011,90014,70026,000 38,800
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(20,900)7,0006,9007,000 15,300
Comprehensive income, net of tax, attributable to parent:14,00018,90021,60033,000 54,100

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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