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
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments23,90031,70036,70041,00037,10041,300
Cash and cash equivalents23,90031,70036,70041,00037,10041,300
Receivables151,800150,400155,600117,900108,30099,800
Inventory, net of allowances, customer advances and progress billings138,500133,800136,000115,100108,900107,800
Inventory138,500133,800136,000115,100108,900107,800
Disposal group, including discontinued operation10,50010,600    
Other undisclosed current assets22,30032,40032,40025,00017,00014,800
Total current assets:347,000358,900360,700299,000271,300263,700
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization20,80021,30022,300   
Operating lease, right-of-use asset17,80018,40018,90019,90020,20020,700
Property, plant and equipment295,500295,100308,600320,300329,400322,100
Intangible assets, net (including goodwill)353,200361,200368,800146,600150,000148,100
Goodwill198,600202,200204,80085,30087,40085,200
Intangible assets, net (excluding goodwill)154,600159,000164,00061,30062,60062,900
Deferred income tax assets25,10025,10025,10020,60018,30022,800
Other noncurrent assets12,80013,00013,10016,80017,40018,900
Other undisclosed noncurrent assets9,500     
Total noncurrent assets:734,700734,100756,800524,200535,300532,600
TOTAL ASSETS:1,081,7001,093,0001,117,500823,200806,600796,300
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities164,000167,700168,800138,200107,900107,700
Accounts payable97,40094,80098,00072,40046,00049,800
Accrued liabilities66,60072,90070,80065,80061,90057,900
Debt7,2007,9008,3004,8004,9004,800
Disposal group, including discontinued operation500600    
Other undisclosed current liabilities3,3003,3003,3003,3003,2002,900
Total current liabilities:175,000179,500180,400146,300116,000115,400
Noncurrent Liabilities
Long-term debt and lease obligation471,200471,900474,300205,200207,900209,600
Long-term debt, excluding current maturities434,900434,600435,800187,200189,500190,700
Finance lease, liability20,40020,80021,500   
Liabilities, other than long-term debt119,500114,200119,300110,100115,100104,300
Deferred income tax liabilities38,20037,40038,90011,80012,30012,800
Liability, pension and other postretirement and postemployment benefits77,70070,90074,90092,50096,80084,700
Other liabilities3,6005,9005,5005,8006,0006,800
Operating lease, liability15,90016,50017,00018,00018,40018,900
Total noncurrent liabilities:590,700586,100593,600315,300323,000313,900
Total liabilities:765,700765,600774,000461,600439,000429,300
Equity
Equity, attributable to parent, including:316,000327,400343,500361,600367,600367,000
Common stock 200   200 
Treasury stock, value (93,600)   (87,600) 
Additional paid in capital 342,900   338,300 
Accumulated other comprehensive loss (96,900)   (103,700) 
Retained earnings 163,400   220,400 
Other undisclosed equity, attributable to parent 327,400343,500361,600 367,000
Total equity:316,000327,400343,500361,600367,600367,000
TOTAL LIABILITIES AND EQUITY:1,081,7001,093,0001,117,500823,200806,600796,300

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

3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
Revenues264,300267,900269,300227,000206,900190,700
Cost of revenue
(Cost of Goods and Services Sold)
(227,400)(229,500)(230,900)(177,400)(164,300)(155,500)
Gross profit:36,90038,40038,40049,60042,60035,200
Operating expenses(10,100)(26,400)(28,600)(36,300)(20,400)(19,100)
Other operating income (expense), net600900300800(200)(200)
Other nonrecurring (income) expense(400)(500)(200)(500)(1,400)(600)
Other undisclosed operating loss(31,600)(1,500)(42,700)(500)(7,100)(2,000)
Operating income (loss):(4,200)11,400(32,600)13,60014,90013,900
Interest and debt expense(4,900)(5,100)(4,800)(3,100)(5,000)(3,600)
Other undisclosed income from continuing operations before equity method investments, income taxes     1,900 
Income (loss) from continuing operations before income taxes:(9,100)6,300(37,400)10,50011,80010,300
Income tax expense (benefit)2,300(3,000)7,700(2,200)(1,800)(2,400)
Income (loss) from continuing operations:(6,800)3,300(29,700)8,30010,0007,900
Income (loss) before gain (loss) on sale of properties:(6,800)3,300(29,700)8,30010,0007,900
Net income (loss) attributable to parent:(6,800)3,300(29,700)8,30010,0007,900
Other undisclosed net loss available to common stockholders, basic (200)   (200) 
Net income (loss) available to common stockholders, diluted:(7,000)3,300(29,700)8,3009,8007,900

Comprehensive Income ($ in thousands)

3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
Net income (loss):(6,800)3,300(29,700)8,30010,0007,900
Other comprehensive income1,7001,3001,3001,7001,9001,600
Comprehensive income (loss):(5,100)4,600(28,400)10,00011,9009,500
Other undisclosed comprehensive income (loss), net of tax, attributable to parent3,200(10,400)17,100(9,100)(3,100)7,100
Comprehensive income (loss), net of tax, attributable to parent:(1,900)(5,800)(11,300)9008,80016,600

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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