MGP Ingredients, Inc. (MGPI) financial statements (2021 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)

12/31/2020
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 investments22201243342
Cash and cash equivalents22201243342
Receivables57545452424142
Inventory, net of allowances, customer advances and progress billings141143147143137126118
Inventory141143147143137126118
Prepaid expense3444222
Other undisclosed current assets     35
Total current assets:222221217242184176169
Noncurrent Assets
Operating lease, right-of-use asset5566666
Property, plant and equipment132130129129128122120
Other noncurrent assets7655344
Total noncurrent assets:144141140140138131130
TOTAL ASSETS:367362357382323307299
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities52443941393532
Accounts payable30292128302421
Accrued liabilities2115131091111
Taxes payable1 52   
Debt2000000
Total current liabilities:53443941393532
Noncurrent Liabilities
Long-term debt and lease obligation, including:41546494414141
Long-term debt, excluding current maturities38404041414142
Operating lease, liability3344444
Other undisclosed long-term debt and lease obligation 112050(4)(4)(5)
Liabilities, other than long-term debt9899965
Deferred revenue2111111
Deferred compensation liability, classified  211  
Deferred income tax liabilities2222232
Other liabilities5554422
Other undisclosed noncurrent liabilities 323368
Total noncurrent liabilities:516575106525254
Total liabilities:104110114147928886
Stockholders' equity
Stockholders' equity attributable to parent263252243236231219212
Preferred stock0000000
Common stock7777777
Treasury stock, value(23)(23)(24)(24)(20)(20)(20)
Additional paid in capital16151514141413
Accumulated other comprehensive income (loss)0(0)(0)(0)(0)(0)(0)
Retained earnings263253245239231220213
Total stockholders' equity:263252243236231219212
TOTAL LIABILITIES AND EQUITY:367362357382323307299

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
Revenues1011039399929191
Cost of revenue
(Cost of Goods and Services Sold)
(69)(80)(72)(76)(71)(72)(71)
Gross profit:32232123221920
Operating expenses(16)(10)(9)(10)(5)(7)(9)
Operating income:16141114161211
Interest and debt expense(1)(0)(0)(1)(0)(0)(0)
Income from continuing operations before equity method investments, income taxes:15131113161111
Other undisclosed income from continuing operations before income taxes1      
Income from continuing operations before income taxes:15131113161111
Income tax expense(4)(3)(3)(3)(3)(3)(3)
Net income attributable to parent:12108101388
Undistributed earnings (loss) allocated to participating securities, basic(0)(0)(0)(0)(0)(0)(0)
Net income available to common stockholders, diluted:12108101388

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:12108101388
Other undisclosed comprehensive loss(0)   (0)  
Comprehensive income:11108101388
Other undisclosed comprehensive income (loss), net of tax, attributable to parent100(0)(0)(0)(0)
Comprehensive income, net of tax, attributable to parent:12109101388

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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