Nortek Inc (NTK) Financial Statements (2024 and earlier)

Company Profile

Business Address 500 EXCHANGE STREET
PROVIDENCE, RI 02903
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3634 - Electric Housewares and Fans (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments28,50024,60027,80026,20043,70058,400
Cash and cash equivalents28,50024,60027,80026,20043,70058,400
Restricted cash and investments200300200300 600
Receivables345,500348,200356,300430,600349,100324,900
Inventory, net of allowances, customer advances and progress billings398,700368,100385,600394,400414,800374,300
Inventory398,700368,100385,600394,400414,800374,300
Prepaid expense19,90019,30021,20019,30022,10018,400
Income taxes receivable7,0008,000
Deferred tax assets      28,100
Other current assets11,30010,90012,50014,40011,30010,100
Other undisclosed current assets   43,70037,50038,000 
Total current assets:804,100771,400847,300922,700886,000822,800
Noncurrent Assets
Property, plant and equipment229,900229,000222,200228,100230,000238,000
Intangible assets, net (including goodwill)1,097,5001,114,6001,128,9001,130,2001,146,3001,116,900
Goodwill505,500505,500504,300499,500499,500474,300
Intangible assets, net (excluding goodwill)592,000609,100624,600630,700646,800642,600
Regulated entity, other noncurrent assets  13,50014,20015,10016,40017,300
Restricted cash and investments9009001,0001,0009001,800
Other noncurrent assets17,00014,50013,10014,20013,50013,200
Other undisclosed noncurrent assets      (900)
Total noncurrent assets:1,345,3001,372,5001,379,4001,388,6001,407,1001,386,300
TOTAL ASSETS:2,149,4002,143,9002,226,7002,311,3002,293,1002,209,100
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities474,600483,700511,800509,900518,700511,200
Accounts payable265,200269,200271,700293,200280,200288,800
Accrued liabilities209,400214,500240,100216,700238,500222,400
Debt7,3007,4007,8008,2008,1006,900
Total current liabilities:481,900491,100519,600518,100526,800518,100
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,391,0001,385,1001,395,6001,473,8001,441,8001,369,700
Long-term debt, excluding current maturities  1,385,1001,395,6001,473,8001,441,8001,339,400
Capital lease obligations      30,300
Other undisclosed long-term debt and lease obligation1,391,000     
Liabilities, other than long-term debt, including:258,100255,400304,700295,200302,200309,400
Pension and other postretirement defined benefit plans, liabilities54,700
Deferred tax liabilities, net77,40076,900122,900117,500121,700123,500
Liability for uncertainty in income taxes   19,50019,00018,60018,300
Other liabilities180,700178,500181,800177,700180,500185,900
Other undisclosed liabilities, other than long-term debt   (19,500)(19,000)(18,600)(73,000)
Total noncurrent liabilities:1,649,1001,640,5001,700,3001,769,0001,744,0001,679,100
Total liabilities:2,131,0002,131,6002,219,9002,287,1002,270,8002,197,200
Equity
Equity, attributable to parent18,40012,3006,80024,20022,30042,200
Common stock200200200200200200
Treasury stock, value(59,000)(58,400)(58,100)(58,100)(57,900)(54,600)
Additional paid in capital258,900256,800255,200254,500252,800249,400
Accumulated other comprehensive loss(40,500)(42,500)(42,800)(39,100)(41,800)(35,700)
Accumulated deficit(141,200)(143,800)(147,700)(133,300)(131,000)(117,100)
Total equity:18,40012,3006,80024,20022,30042,200
Other undisclosed liabilities and equity      (30,300)
TOTAL LIABILITIES AND EQUITY:2,149,4002,143,9002,226,7002,311,3002,293,1002,209,100

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

6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
Revenues
(Revenue, Net)
613,900631,000618,500703,900572,700636,800
Cost of revenue
(Cost of Goods and Services Sold)
(426,400)(443,700)(442,500)(505,800)(405,900)(449,600)
Gross profit:187,500187,300176,000198,100166,800187,200
Operating expenses(158,600)(159,200)(161,100)(163,400)(159,100)(158,100)
Operating income:28,90028,10014,90034,7007,70029,100
Interest and debt expense    (14,800) (105,600)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(23,700)(24,600)(24,000)(24,900)(27,200)78,000
Income (loss) from continuing operations before income taxes:5,2003,500(9,100)(5,000)(19,500)1,500
Income tax expense (benefit)(2,600)400(5,300)2,7005,6003,100
Income (loss) from continuing operations:2,6003,900(14,400)(2,300)(13,900)4,600
Income (loss) before gain (loss) on sale of properties:2,6003,900(14,400)(2,300)(13,900)4,600
Net income (loss) available to common stockholders, diluted:2,6003,900(14,400)(2,300)(13,900)4,600

Comprehensive Income ($ in thousands)

6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
Net income (loss):2,6003,900(14,400)(2,300)(13,900)4,600
Other comprehensive income (loss)2,000300(3,700)2,700(6,100)(14,900)
Comprehensive income (loss), net of tax, attributable to parent:4,6004,200(18,100)400(20,000)(10,300)

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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