Neenah, Inc. (NP) Financial Statements (2024 and earlier)

Company Profile

Business Address 3460 PRESTON RIDGE ROAD
ALPHARETTA, GA 30005
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 2621 - Paper Mills (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2022
MRQ
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 23,90037,1009,0009,9004,5003,100
Cash and cash equivalents 23,90037,1009,0009,9004,5003,100
Receivables 151,800108,300104,600117,600119,000100,600
Inventory, net of allowances, customer advances and progress billings 138,500108,900122,800131,600143,500116,300
Inventory 138,500108,900122,800131,600143,500116,300
Disposal group, including discontinued operation 10,500     
Other undisclosed current assets 22,30017,00016,30018,80018,20016,300
Total current assets: 347,000271,300252,700277,900285,200236,300
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 20,800  
Operating lease, right-of-use asset 17,80020,20013,900
Property, plant and equipment 295,500329,400380,600396,200425,200364,600
Intangible assets, net (including goodwill) 353,200150,000149,800154,700164,000144,400
Goodwill 198,60087,40083,10084,00085,30070,400
Intangible assets, net (excluding goodwill) 154,60062,60066,70070,70078,70074,000
Deferred income tax assets 25,10018,30013,400
Other noncurrent assets 12,80017,40017,40016,00019,90014,200
Other undisclosed noncurrent assets 9,500  16,40010,1006,100
Total noncurrent assets: 734,700535,300575,100583,300619,200529,300
TOTAL ASSETS: 1,081,700806,600827,800861,200904,400765,600
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 164,000107,90095,900118,500123,200106,800
Accounts payable 97,40046,00048,90063,30065,70055,600
Accrued liabilities 66,60061,90047,00055,20057,50051,200
Debt 7,2004,9004,5002,3001,4001,200
Disposal group, including discontinued operation 500     
Other undisclosed current liabilities 3,3003,200    
Total current liabilities: 175,000116,000100,400120,800124,600108,000
Noncurrent Liabilities
Long-term debt and lease obligation 471,200207,900211,200236,800254,100219,700
Long-term debt, excluding current maturities 434,900189,500198,200236,800254,100219,700
Finance lease, liability 20,400  
Liabilities, other than long-term debt 119,500115,100109,90099,000110,80099,600
Deferred tax liabilities, net  10,100
Deferred income tax liabilities 38,20012,30012,900
Liability, pension and other postretirement and postemployment benefits 77,70096,80093,10092,900100,30086,700
Other liabilities 3,6006,0003,9006,10010,5002,800
Operating lease, liability 15,90018,40013,000
Other undisclosed noncurrent liabilities    14,40015,000 
Total noncurrent liabilities: 590,700323,000321,100350,200379,900319,300
Total liabilities: 765,700439,000421,500471,000504,500427,300
Equity
Equity, attributable to parent 316,000367,600406,300390,200399,900338,300
Common stock 200200200200200200
Treasury stock, value (93,600)(87,600)(82,800)(76,600)(65,800)(56,500)
Additional paid in capital 342,900338,300334,100328,500323,900317,000
Accumulated other comprehensive loss (96,900)(103,700)(113,300)(105,100)(94,100)(92,000)
Retained earnings 163,400220,400268,100243,200235,700169,600
Total equity: 316,000367,600406,300390,200399,900338,300
TOTAL LIABILITIES AND EQUITY: 1,081,700806,600827,800861,200904,400765,600

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

3/31/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 1,028,500792,600938,5001,034,900979,900941,500
Revenue, net979,900941,500
Cost of revenue
(Cost of Goods and Services Sold)
 (865,200)(639,400)(755,100)(851,500)(781,200)(727,000)
Gross profit: 163,300153,200183,400183,400198,700214,500
Operating expenses (101,400)(88,000)(98,600)(128,400)(94,600)(99,200)
Other operating income (expense), net 2,600(800)(1,700)(2,700)800(400)
Other nonrecurring (income) expense (1,600)(3,500)    
Other undisclosed operating income (loss) (76,300)(70,500)(4,800)1,800(600)(800)
Operating income (loss): (11,800)(6,100)78,30054,100104,300114,100
Nonoperating income
(Investment Income, Nonoperating)
     100100
Interest and debt expense (17,900)(14,500)(11,800)(13,000)(12,700)(11,200)
Other undisclosed income from continuing operations before equity method investments, income taxes  1,900    
Income (loss) from continuing operations before income taxes: (29,700)(18,700)66,50041,10091,700103,000
Income tax expense (benefit) 4,8002,900(11,100)(3,900)(11,400)(29,600)
Income (loss) from continuing operations: (24,900)(15,800)55,40037,20080,30073,400
Income (loss) before gain (loss) on sale of properties:(24,900)(15,800)55,40037,20080,30073,400
Net income (loss): (24,900)(15,800)55,40037,20080,30073,400
Other undisclosed net loss attributable to parent    (800) (400)
Net income (loss) attributable to parent: (24,900)(15,800)55,40036,40080,30073,000
Other undisclosed net loss available to common stockholders, basic (200)(200)(300)(200)(600)(700)
Net income (loss) available to common stockholders, basic: (25,100)(16,000)55,10036,20079,70072,300
Other undisclosed net income (loss) available to common stockholders, diluted    (200)100100
Net income (loss) available to common stockholders, diluted: (25,100)(16,000)55,10036,00079,80072,400

Comprehensive Income ($ in thousands)

3/31/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss): (24,900)(15,800)55,40037,20080,30073,400
Other comprehensive income 6,0006,6006,0006,0005,9007,200
Comprehensive income (loss): (18,900)(9,200)61,40043,20086,20080,600
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 8003,000(14,200)(18,100)2,900(21,300)
Comprehensive income (loss), net of tax, attributable to parent: (18,100)(6,200)47,20025,10089,10059,300

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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