Kadant Inc (KAI) financial statements (2021 and earlier)
Company profile
| Business Address |
ONE TECHNOLOGY PARK DRIVE WESTFORD, MA 01886 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 355 - Special Industry Machinery, Except Metalworking (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | 3/31/2020 Q1 | 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 66 | 54 | 57 | 60 | 67 | 49 | 57 | ||
| Cash and cash equivalents | 66 | 54 | 57 | 60 | 67 | 49 | 57 | ||
| Receivables | 92 | 94 | 89 | 91 | 96 | 102 | 106 | ||
| Inventory, net of allowances, customer advances and progress billings | 107 | 109 | 110 | 103 | 103 | 108 | 110 | ||
| Inventory | 107 | 109 | 110 | 103 | 103 | 108 | 110 | ||
| Other current assets | 17 | 15 | 17 | 20 | 18 | 17 | 17 | ||
| Other undisclosed current assets | 9 | 12 | 14 | 14 | 15 | 15 | 15 | ||
| Total current assets: | 290 | 284 | 288 | 288 | 298 | 291 | 305 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 2 | ||||||||
| Operating lease, right-of-use asset | 25 | ||||||||
| Property, plant and equipment | 82 | 82 | 84 | 86 | 84 | 87 | |||
| Intangible assets, net (including goodwill) | 513 | 507 | 505 | 498 | 510 | 514 | 527 | ||
| Goodwill | 352 | 343 | 338 | 331 | 336 | 334 | 340 | ||
| Intangible assets, net (excluding goodwill) | 161 | 164 | 167 | 167 | 174 | 180 | 186 | ||
| Other noncurrent assets | 40 | 41 | 40 | 40 | 46 | 46 | 47 | ||
| Other undisclosed noncurrent assets | 58 | ||||||||
| Total noncurrent assets: | 638 | 630 | 628 | 621 | 642 | 644 | 661 | ||
| TOTAL ASSETS: | 928 | 914 | 915 | 909 | 939 | 936 | 966 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 63 | 61 | 65 | 63 | 78 | 71 | 70 | ||
| Accounts payable | 32 | 33 | 40 | 41 | 46 | 40 | 42 | ||
| Employee-related liabilities | 31 | 28 | 25 | 22 | 32 | 31 | 28 | ||
| Debt | 1 | 2 | 20 | 3 | 5 | 5 | |||
| Other liabilities | 32 | 35 | 34 | 30 | 30 | 32 | 33 | ||
| Other undisclosed current liabilities | 38 | 30 | 29 | 37 | 35 | 36 | 37 | ||
| Total current liabilities: | 135 | 128 | 148 | 130 | 146 | 144 | 146 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 232 | 259 | 263 | 293 | 298 | 314 | 344 | ||
| Finance lease, liability | 1 | 1 | 1 | 1 | |||||
| Operating lease, liability | 22 | 24 | 25 | 26 | |||||
| Other undisclosed long-term debt and lease obligation | 209 | 259 | 263 | 293 | 273 | 288 | 317 | ||
| Liabilities, other than long-term debt | 64 | 65 | 64 | 62 | 68 | 71 | 76 | ||
| Deferred income tax liabilities | 22 | 20 | 24 | 27 | |||||
| Other liabilities | 42 | 65 | 64 | 62 | 48 | 47 | 49 | ||
| Total noncurrent liabilities: | 296 | 324 | 327 | 355 | 366 | 385 | 420 | ||
| Total liabilities: | 431 | 452 | 475 | 485 | 512 | 529 | 565 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 495 | 461 | 439 | 423 | 426 | 405 | 399 | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Treasury stock, value | (76) | (76) | (77) | (77) | (79) | (82) | (83) | ||
| Additional paid in capital | 111 | 108 | 107 | 105 | 107 | 105 | 104 | ||
| Accumulated other comprehensive loss | (19) | (37) | (46) | (51) | (38) | (47) | (38) | ||
| Retained earnings | 479 | 466 | 454 | 445 | 435 | 429 | 416 | ||
| Stockholders' equity attributable to noncontrolling interest | 2 | 1 | 2 | 1 | 1 | 2 | 2 | ||
| Total stockholders' equity: | 497 | 462 | 440 | 424 | 427 | 407 | 401 | ||
| TOTAL LIABILITIES AND EQUITY: | 928 | 914 | 915 | 909 | 939 | 936 | 966 | ||
Income statement (P&L) ($ in millions)
| 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | 3/31/2020 Q1 | 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 168 | 155 | 153 | 159 | 183 | 174 | 177 | |
| Cost of revenue (Cost of Goods and Services Sold) | (94) | (86) | (86) | (91) | (108) | (99) | (103) | |
| Gross profit: | 74 | 68 | 66 | 68 | 75 | 74 | 74 | |
| Operating expenses | (52) | (47) | (48) | (49) | (53) | (50) | (51) | |
| Operating income: | 22 | 21 | 18 | 20 | 22 | 25 | 23 | |
| Nonoperating income (expense) | (0) | 0 | 0 | 0 | (6) | (0) | (0) | |
| Investment income, nonoperating | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Other nonoperating expense | (0) | (0) | (0) | (6) | (0) | (0) | ||
| Interest and debt expense | (1) | (2) | (2) | (2) | (3) | (3) | (4) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 0 | |||||||
| Income from continuing operations before income taxes: | 21 | 20 | 16 | 17 | 13 | 21 | 20 | |
| Income tax expense | (4) | (5) | (4) | (5) | (4) | (5) | (3) | |
| Net income: | 16 | 15 | 12 | 13 | 9 | 16 | 16 | |
| Net loss attributable to noncontrolling interest | (0) | (0) | (0) | (0) | (0) | (0) | (0) | |
| Net income available to common stockholders, diluted: | 16 | 15 | 12 | 13 | 9 | 16 | 16 | |
Comprehensive Income ($ in millions)
| 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | 3/31/2020 Q1 | 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 16 | 15 | 12 | 13 | 9 | 16 | 16 | |
| Other comprehensive income (loss) | 18 | 9 | 5 | (13) | 10 | (9) | 2 | |
| Comprehensive income (loss): | 34 | 24 | 16 | (0) | 19 | 7 | 18 | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (0) | (0) | (0) | (0) | (0) | (0) | (0) | |
| Comprehensive income (loss), net of tax, attributable to parent: | 34 | 23 | 16 | (0) | 18 | 7 | 18 | |
Statements sources
The financial statements are based on the company's filings with the 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.