Columbus McKinnon Corporation (CMCO) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
13320 BALLANTYNE CORPORATE PLACE CHARLOTTE, NC 28277 |
| State of Incorp. | NY |
| Fiscal Year End | March 31 |
| Industry (SIC) | 3531 - Construction Machinery and Equipment (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2023 MRQ | 3/31/2023 | 12/31/2022 MRQ | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 133,176 | 81,520 | 115,390 | 202,127 | 114,450 | 71,093 | |||
| Cash and cash equivalents | 133,176 | 81,520 | 115,390 | 202,127 | 114,450 | 71,093 | |||
| Receivables | 151,451 | 141,596 | 147,515 | 105,464 | 123,743 | 129,157 | |||
| Inventory, net of allowances, customer advances and progress billings | 179,359 | 200,650 | 172,139 | 111,488 | 127,373 | 146,263 | |||
| Inventory | 179,359 | 200,650 | 172,139 | 111,488 | 127,373 | 146,263 | |||
| Prepaid expense | 32,254 | 34,529 | 31,545 | 22,763 | 17,180 | 16,075 | |||
| Contract with customer, asset, after allowance for credit loss | 2,532 | ||||||||
| Other undisclosed current assets | 2,781 | ||||||||
| Total current assets: | 496,240 | 463,608 | 466,589 | 441,842 | 382,746 | 362,588 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 94,360 | 94,438 | 97,926 | 74,753 | 79,473 | 87,303 | |||
| Long-term investments and receivables | 10,368 | 10,207 | 10,294 | 7,968 | 7,322 | 7,028 | |||
| Long-term investments | 10,368 | 10,207 | 10,294 | 7,968 | 7,322 | 7,028 | |||
| Intangible assets, net (including goodwill) | 1,007,166 | 1,010,089 | 1,039,637 | 544,538 | 537,641 | 555,756 | |||
| Goodwill | 644,629 | 642,430 | 648,849 | 331,176 | 319,679 | 322,816 | |||
| Intangible assets, net (excluding goodwill) | 362,537 | 367,659 | 390,788 | 213,362 | 217,962 | 232,940 | |||
| Restricted cash and investments | 250 | ||||||||
| Estimated insurance recoveries | (8,272) | ||||||||
| Deferred costs | 6,323 | ||||||||
| Deferred income tax assets | 1,574 | ✕ | |||||||
| Other noncurrent assets | 88,286 | 69,516 | 68,948 | 61,251 | 59,809 | 21,189 | |||
| Deferred tax assets, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 27,707 | ||
| Other undisclosed noncurrent assets | 3,984 | 2,313 | 20,080 | 26,281 | (56,174) | ||||
| Total noncurrent assets: | 1,202,215 | 1,185,824 | 1,219,118 | 708,590 | 710,526 | 643,059 | |||
| Other undisclosed assets | 55,924 | ||||||||
| TOTAL ASSETS: | 1,698,455 | 1,649,432 | 1,685,707 | 1,150,432 | 1,093,272 | 1,061,571 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 201,053 | 174,836 | 209,068 | 179,409 | 150,874 | 146,278 | |||
| Accounts payable | 76,736 | 70,603 | 90,881 | 68,593 | 57,289 | 46,974 | |||
| Accrued liabilities | 124,317 | 104,233 | 118,187 | 110,816 | 93,585 | 99,304 | |||
| Debt | 40,604 | 40,596 | 40,551 | 4,450 | 4,450 | 65,000 | |||
| Total current liabilities: | 241,657 | 215,432 | 249,619 | 183,859 | 155,324 | 211,278 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 430,988 | 440,916 | 470,675 | 244,504 | 246,856 | 235,320 | |||
| Long-term debt, excluding current maturities | 418,052 | 440,916 | 470,675 | 244,504 | 246,856 | 235,320 | |||
| Other undisclosed long-term debt and lease obligation | 12,936 | ||||||||
| Liabilities, other than long-term debt | 192,013 | 182,203 | 192,610 | 191,920 | 227,507 | 183,814 | |||
| Other liabilities | 192,013 | 182,203 | 192,610 | 191,920 | 227,507 | 183,814 | |||
| Total noncurrent liabilities: | 623,001 | 623,119 | 663,285 | 436,424 | 474,363 | 419,134 | |||
| Total liabilities: | 864,658 | 838,551 | 912,904 | 620,283 | 629,687 | 630,412 | |||
| Equity | |||||||||
| Equity, attributable to parent | 833,797 | 810,881 | 772,803 | 530,149 | 463,585 | 431,159 | |||
| Common stock | 286 | 286 | 285 | 240 | 238 | 234 | |||
| Treasury stock, value | (1,001) | (1,001) | |||||||
| Additional paid in capital | 515,797 | 512,418 | 506,074 | 296,093 | 287,256 | 277,518 | |||
| Accumulated other comprehensive loss | (38,043) | (47,690) | (49,899) | (59,986) | (114,350) | (83,052) | |||
| Retained earnings | 356,758 | 346,868 | 316,343 | 293,802 | 290,441 | 236,459 | |||
| Total equity: | 833,797 | 810,881 | 772,803 | 530,149 | 463,585 | 431,159 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,698,455 | 1,649,432 | 1,685,707 | 1,150,432 | 1,093,272 | 1,061,571 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2023 TTM | 3/31/2023 | 12/31/2022 TTM | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 936,240 | 1,125,545 | 906,555 | 649,642 | 809,162 | 876,282 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (594,141) | (715,079) | (590,825) | (429,417) | (525,976) | (571,285) | ||
| Gross profit: | 342,099 | 410,466 | 315,730 | 220,225 | 283,186 | 304,997 | ||
| Operating expenses | (244,258) | (294,373) | (241,949) | (177,970) | (193,362) | (235,555) | ||
| Operating income: | 97,841 | 116,093 | 73,781 | 42,255 | 89,824 | 69,442 | ||
| Nonoperating income (expense) | 4,576 | 22,316 | (406) | (20,098) | 1,566 | 600 | ||
| Investment income, nonoperating | 315 | (1,551) | 46 | 1,693 | 891 | 727 | ||
| Gain (loss), foreign currency transaction, before tax | 2,189 | 662 | (1,574) | (941) | 1,514 | (843) | ||
| Other nonoperating income (expense) | 2,072 | 23,205 | 1,122 | (20,850) | (839) | 716 | ||
| Interest and debt expense | (27,942) | (31,208) | (20,126) | (12,081) | (14,234) | (17,144) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (14,803) | (14,803) | ||||||
| Income from continuing operations before income taxes: | 74,475 | 92,398 | 38,446 | 10,076 | 77,156 | 52,898 | ||
| Income tax expense | (26,046) | (27,725) | (8,786) | (970) | (17,484) | (10,321) | ||
| Income from continuing operations: | 48,429 | 64,673 | 29,660 | 9,106 | 59,672 | 42,577 | ||
| Income before gain (loss) on sale of properties: | ✕ | 52,644 | 29,660 | 9,106 | 59,672 | 42,577 | ||
| Net income available to common stockholders, diluted: | 48,429 | 64,673 | 29,660 | 9,106 | 59,672 | 42,577 | ||
Comprehensive Income ($ in thousands)
| 6/30/2023 TTM | 3/31/2023 | 12/31/2022 TTM | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 48,429 | 64,673 | 29,660 | 9,106 | 59,672 | 42,577 | ||
| Other comprehensive income (loss) | 8,121 | (20,537) | 4,808 | |||||
| Comprehensive income: | 56,550 | 44,136 | 34,468 | 9,106 | 59,672 | 42,577 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 3,735 | 2,364 | 5,279 | 54,364 | (31,298) | (22,912) | ||
| Comprehensive income, net of tax, attributable to parent: | 60,285 | 46,500 | 39,747 | 63,470 | 28,374 | 19,665 | ||
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.