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 investments66545760674957
Cash and cash equivalents66545760674957
Receivables9294899196102106
Inventory, net of allowances, customer advances and progress billings107109110103103108110
Inventory107109110103103108110
Other current assets17151720181717
Other undisclosed current assets9121414151515
Total current assets:290284288288298291305
Noncurrent Assets
Finance lease, right-of-use asset2      
Operating lease, right-of-use asset25      
Property, plant and equipment 828284868487
Intangible assets, net (including goodwill)513507505498510514527
Goodwill352343338331336334340
Intangible assets, net (excluding goodwill)161164167167174180186
Other noncurrent assets40414040464647
Other undisclosed noncurrent assets58      
Total noncurrent assets:638630628621642644661
TOTAL ASSETS:928914915909939936966
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities63616563787170
Accounts payable32334041464042
Employee-related liabilities31282522323128
Debt1220 355
Other liabilities32353430303233
Other undisclosed current liabilities38302937353637
Total current liabilities:135128148130146144146
Noncurrent Liabilities
Long-term debt and lease obligation, including:232259263293298314344
Finance lease, liability1   111
Operating lease, liability22   242526
Other undisclosed long-term debt and lease obligation209259263293273288317
Liabilities, other than long-term debt64656462687176
Deferred income tax liabilities22   202427
Other liabilities42656462484749
Total noncurrent liabilities:296324327355366385420
Total liabilities:431452475485512529565
Stockholders' equity
Stockholders' equity attributable to parent495461439423426405399
Common stock0000000
Treasury stock, value(76)(76)(77)(77)(79)(82)(83)
Additional paid in capital111108107105107105104
Accumulated other comprehensive loss(19)(37)(46)(51)(38)(47)(38)
Retained earnings479466454445435429416
Stockholders' equity attributable to noncontrolling interest2121122
Total stockholders' equity:497462440424427407401
TOTAL LIABILITIES AND EQUITY:928914915909939936966

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
Revenues168155153159183174177
Cost of revenue
(Cost of Goods and Services Sold)
(94)(86)(86)(91)(108)(99)(103)
Gross profit:74686668757474
Operating expenses(52)(47)(48)(49)(53)(50)(51)
Operating income:22211820222523
Nonoperating income (expense)(0)000(6)(0)(0)
Investment income, nonoperating 000000
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 taxes0      
Income from continuing operations before income taxes:21201617132120
Income tax expense(4)(5)(4)(5)(4)(5)(3)
Net income:1615121391616
Net loss attributable to noncontrolling interest(0)(0)(0)(0)(0)(0)(0)
Net income available to common stockholders, diluted:1615121391616

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:1615121391616
Other comprehensive income (loss)1895(13)10(9)2
Comprehensive income (loss):342416(0)19718
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:342316(0)18718

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.

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