Columbus McKinnon Corporation (CMCO) Financial Statements (2024 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)

9/30/2023
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 investments133,17681,520115,390202,127114,45071,093
Cash and cash equivalents133,17681,520115,390202,127114,45071,093
Receivables151,451141,596147,515105,464123,743129,157
Inventory, net of allowances, customer advances and progress billings179,359200,650172,139111,488127,373146,263
Inventory179,359200,650172,139111,488127,373146,263
Prepaid expense32,25434,52931,54522,76317,18016,075
Contract with customer, asset, after allowance for credit loss 2,532    
Other undisclosed current assets 2,781    
Total current assets:496,240463,608466,589441,842382,746362,588
Noncurrent Assets
Property, plant and equipment94,36094,43897,92674,75379,47387,303
Long-term investments and receivables10,36810,20710,2947,9687,3227,028
Long-term investments10,36810,20710,2947,9687,3227,028
Intangible assets, net (including goodwill)1,007,1661,010,0891,039,637544,538537,641555,756
Goodwill644,629642,430648,849331,176319,679322,816
Intangible assets, net (excluding goodwill)362,537367,659390,788213,362217,962232,940
Restricted cash and investments      250
Estimated insurance recoveries (8,272)     
Deferred costs 6,323     
Deferred income tax assets 1,574   
Other noncurrent assets88,28669,51668,94861,25159,80921,189
Deferred tax assets, net27,707
Other undisclosed noncurrent assets 3,984 2,31320,08026,281(56,174)
Total noncurrent assets:1,202,2151,185,8241,219,118708,590710,526643,059
Other undisclosed assets      55,924
TOTAL ASSETS:1,698,4551,649,4321,685,7071,150,4321,093,2721,061,571
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities201,053174,836209,068179,409150,874146,278
Accounts payable76,73670,60390,88168,59357,28946,974
Accrued liabilities124,317104,233118,187110,81693,58599,304
Debt40,60440,59640,5514,4504,45065,000
Total current liabilities:241,657215,432249,619183,859155,324211,278
Noncurrent Liabilities
Long-term debt and lease obligation, including:430,988440,916470,675244,504246,856235,320
Long-term debt, excluding current maturities418,052440,916470,675244,504246,856235,320
Other undisclosed long-term debt and lease obligation 12,936     
Liabilities, other than long-term debt192,013182,203192,610191,920227,507183,814
Other liabilities192,013182,203192,610191,920227,507183,814
Total noncurrent liabilities:623,001623,119663,285436,424474,363419,134
Total liabilities:864,658838,551912,904620,283629,687630,412
Equity
Equity, attributable to parent833,797810,881772,803530,149463,585431,159
Common stock286286285240238234
Treasury stock, value(1,001)(1,001)    
Additional paid in capital515,797512,418506,074296,093287,256277,518
Accumulated other comprehensive loss(38,043)(47,690)(49,899)(59,986)(114,350)(83,052)
Retained earnings356,758346,868316,343293,802290,441236,459
Total equity:833,797810,881772,803530,149463,585431,159
TOTAL LIABILITIES AND EQUITY:1,698,4551,649,4321,685,7071,150,4321,093,2721,061,571

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

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Revenues936,2401,125,545906,555649,642809,162876,282
Cost of revenue
(Cost of Goods and Services Sold)
(594,141)(715,079)(590,825)(429,417)(525,976)(571,285)
Gross profit:342,099410,466315,730220,225283,186304,997
Operating expenses(244,258)(294,373)(241,949)(177,970)(193,362)(235,555)
Operating income:97,841116,09373,78142,25589,82469,442
Nonoperating income (expense)4,57622,316(406)(20,098)1,566600
Investment income, nonoperating315(1,551)461,693891727
Gain (loss), foreign currency transaction, before tax2,189662(1,574)(941)1,514(843)
Other nonoperating income (expense)2,07223,2051,122(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:74,47592,39838,44610,07677,15652,898
Income tax expense(26,046)(27,725)(8,786)(970)(17,484)(10,321)
Income from continuing operations:48,42964,67329,6609,10659,67242,577
Income before gain (loss) on sale of properties:52,64429,6609,10659,67242,577
Net income available to common stockholders, diluted:48,42964,67329,6609,10659,67242,577

Comprehensive Income ($ in thousands)

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Net income:48,42964,67329,6609,10659,67242,577
Other comprehensive income (loss)8,121(20,537)4,808   
Comprehensive income:56,55044,13634,4689,10659,67242,577
Other undisclosed comprehensive income (loss), net of tax, attributable to parent3,7352,3645,27954,364(31,298)(22,912)
Comprehensive income, net of tax, attributable to parent:60,28546,50039,74763,47028,37419,665

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.

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