MGP Ingredients, Inc. (MGPI) financial statements (2020 and earlier)

Company profile

Business Address 1300 MAIN ST
ATCHISON, KS 66002
State of Incorp. KS
Fiscal Year End December 31
SIC 518 - Beer, Wine, And Distilled Alcoholic Beverages (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments353216
Cash and cash equivalents353216
Receivables423934263133
Inventory, net of allowances, customer advances and progress billings13710993795934
Inventory13710993795934
Prepaid expense212211
Other undisclosed current assets 123 8
Total current assets:1841551351119182
Noncurrent Assets
Operating lease, right-of-use asset6
Property, plant and equipment128121103938464
Long-term investments and receivables   191912
Long-term investments   191912
Intangible assets, net (including goodwill)  2   
Goodwill  2   
Intangible assets, net (excluding goodwill)  0   
Other noncurrent assets323312
Other undisclosed noncurrent assets  (2)   
Total noncurrent assets:13812310611410378
TOTAL ASSETS:323278240225194161
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities393741293224
Accounts payable302530202116
Accrued liabilities912119108
Taxes payable    1 
Debt000433
Other liabilities     1
Other undisclosed current liabilities   323
Total current liabilities:393742373831
Noncurrent Liabilities
Long-term debt and lease obligation, including:4132243288
Long-term debt, excluding current maturities412131523 
Operating lease, liability4
Other undisclosed long-term debt and lease obligation(4)112116(15)8
Liabilities, other than long-term debt9337613
Deferred revenue and credits2334
Deferred revenue1
Contract with customer, liability2
Deferred compensation liability, classified1     
Deferred tax liabilities, net  339
Deferred income tax liabilities2
Other liabilities42100 
Other undisclosed noncurrent liabilities3434274
Total noncurrent liabilities:523930424025
Total liabilities:927672797856
Stockholders' equity
Stockholders' equity attributable to parent231201169146116104
Preferred stock000000
Common stock777777
Treasury stock, value(20)(19)(19)(17)(16)(1)
Additional paid in capital141514141110
Accumulated other comprehensive loss(0)(0)(0)(0)(1)(1)
Retained earnings23119916714311589
Total stockholders' equity:231201169146116104
TOTAL LIABILITIES AND EQUITY:323278240225194161

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues3632023221916
Revenue, net347342364352
Financial services revenue11   
Cost of revenue
(Cost of Goods and Services Sold)
(286)(292)(271)(253)(269)(285)
Other undisclosed gross profit 356325296309297
Gross profit:778476655928
Operating expenses(29)(33)(33)(27)(26)(4)
Other undisclosed operating income (loss)   3 (8)
Operating income:475043423317
Interest and debt expense(1)(1)(1)(1)(1)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes   4610
Income from continuing operations before equity method investments, income taxes:464942453826
Income (loss) from equity method investments  (0)  10
Other undisclosed income (loss) from continuing operations before income taxes  11  (10)
Income from continuing operations before income taxes:464953453826
Income tax expense(7)(12)(11)(14)(12)(2)
Net income:393742312624
Net income attributable to noncontrolling interest   4610
Other undisclosed net loss attributable to parent   (4)(6)(10)
Net income attributable to parent:393742312624
Undistributed earnings (loss) allocated to participating securities, basic(0)(1)(1)
Other undisclosed net loss available to common stockholders, basic   (1)(1)(1)
Net income available to common stockholders, diluted:393741302523

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:393742312624
Other comprehensive income (loss)(0)(0)000(1)
Comprehensive income:393742312623
Comprehensive income, net of tax, attributable to noncontrolling interest   4610
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)0 (4)(6)(10)
Comprehensive income, net of tax, attributable to parent:393742312623

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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