Patrick Industries Inc. (PATK) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
107 WEST FRANKLIN STREET ELKHART, IN 46516 |
| State of Incorp. | IN |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3714 - Motor Vehicle Parts and Accessories (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 43,960 | 17,610 | 11,409 | 16,450 | 33,911 | 30,783 | |||
| Cash and cash equivalents | 43,960 | 17,610 | 11,409 | 16,450 | 33,911 | 30,783 | |||
| Receivables | 252,106 | 278,337 | 163,838 | 240,850 | 206,777 | 256,440 | |||
| Inventory, net of allowances, customer advances and progress billings | 504,445 | 514,543 | 510,133 | 517,657 | 554,851 | 628,383 | |||
| Inventory | 504,445 | 514,543 | 510,133 | 517,657 | 554,851 | 628,383 | |||
| Prepaid expense | 8,869 | ||||||||
| Other undisclosed current assets | 53,383 | 48,884 | 40,382 | 36,296 | 38,324 | 38,872 | |||
| Total current assets: | 853,894 | 859,374 | 734,631 | 811,253 | 833,863 | 954,478 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 191,289 | 190,507 | 177,717 | 170,128 | 170,575 | 166,222 | |||
| Property, plant and equipment | 367,761 | 371,128 | 353,625 | 358,266 | 363,261 | 353,599 | |||
| Intangible assets, net (including goodwill) | 1,583,634 | 1,604,482 | 1,288,546 | 1,308,156 | 1,331,049 | 1,334,012 | |||
| Goodwill | 758,319 | 755,729 | 637,393 | 637,393 | 633,183 | 627,306 | |||
| Intangible assets, net (excluding goodwill) | 825,315 | 848,753 | 651,153 | 670,763 | 697,866 | 706,706 | |||
| Other noncurrent assets | 7,292 | 7,385 | 7,929 | 8,140 | 8,282 | 8,519 | |||
| Total noncurrent assets: | 2,149,976 | 2,173,502 | 1,827,817 | 1,844,690 | 1,873,167 | 1,862,352 | |||
| TOTAL ASSETS: | 3,003,870 | 3,032,876 | 2,562,448 | 2,655,943 | 2,707,030 | 2,816,830 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 313,379 | 301,203 | 252,235 | 281,052 | 253,406 | 280,203 | |||
| Accounts payable | 206,605 | 196,747 | 140,524 | 148,239 | 130,406 | 149,260 | |||
| Accrued liabilities | 106,774 | 104,456 | 111,711 | 132,813 | 123,000 | 130,943 | |||
| Debt | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | |||
| Business combination, contingent consideration, liability | 1,725 | 3,620 | 7,500 | 7,583 | 7,583 | 5,083 | |||
| Other undisclosed current liabilities | 51,063 | 48,219 | 41,261 | 39,679 | 38,641 | 39,894 | |||
| Total current liabilities: | 373,667 | 360,542 | 308,496 | 335,814 | 307,130 | 332,680 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,310,848 | 1,392,099 | 1,018,356 | 1,104,618 | 1,215,885 | 1,332,158 | |||
| Long-term debt, excluding current maturities | 1,310,848 | 1,392,099 | 1,018,356 | 1,104,618 | 1,215,885 | 1,332,158 | |||
| Liabilities, other than long-term debt | 220,851 | 221,699 | 190,259 | 184,208 | 186,593 | 182,170 | |||
| Deferred income tax liabilities | 67,903 | 67,903 | 46,724 | 47,390 | 48,782 | 48,782 | |||
| Other liabilities | 10,267 | 10,997 | 11,091 | 10,587 | 10,199 | 9,015 | |||
| Operating lease, liability | 142,681 | 142,799 | 132,444 | 126,231 | 127,612 | 124,373 | |||
| Total noncurrent liabilities: | 1,531,699 | 1,613,798 | 1,208,615 | 1,288,826 | 1,402,478 | 1,514,328 | |||
| Total liabilities: | 1,905,366 | 1,974,340 | 1,517,111 | 1,624,640 | 1,709,608 | 1,847,008 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,098,504 | 1,058,536 | 1,045,337 | 1,031,303 | 997,422 | 969,822 | |||
| Accumulated other comprehensive loss | (1,028) | (1,031) | (999) | (804) | (794) | (704) | |||
| Retained earnings | 901,394 | 865,637 | 843,078 | 830,427 | 801,304 | 775,773 | |||
| Other undisclosed equity, attributable to parent | 198,138 | 193,930 | 203,258 | 201,680 | 196,912 | 194,753 | |||
| Total equity: | 1,098,504 | 1,058,536 | 1,045,337 | 1,031,303 | 997,422 | 969,822 | |||
| TOTAL LIABILITIES AND EQUITY: | 3,003,870 | 3,032,876 | 2,562,448 | 2,655,943 | 2,707,030 | 2,816,830 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,016,624 | 933,492 | 781,187 | 866,073 | 920,685 | 900,100 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (785,330) | (728,637) | (602,285) | (666,954) | (710,717) | (705,856) | ||
| Gross profit: | 231,294 | 204,855 | 178,902 | 199,119 | 209,968 | 194,244 | ||
| Operating expenses | (146,605) | (145,513) | (121,586) | (128,044) | (134,393) | (138,010) | ||
| Operating income: | 84,689 | 59,342 | 57,316 | 71,075 | 75,575 | 56,234 | ||
| Income from continuing operations before equity method investments, income taxes: | 84,689 | 59,342 | 57,316 | 71,075 | 75,575 | 56,234 | ||
| Other undisclosed loss from continuing operations before income taxes | (20,343) | (20,090) | (15,319) | (16,879) | (18,260) | (18,484) | ||
| Income from continuing operations before income taxes: | 64,346 | 39,252 | 41,997 | 54,196 | 57,315 | 37,750 | ||
| Income tax expense | (16,462) | (4,159) | (11,180) | (14,646) | (14,958) | (7,577) | ||
| Net income available to common stockholders, basic: | 47,884 | 35,093 | 30,817 | 39,550 | 42,357 | 30,173 | ||
| Dilutive securities, effect on basic earnings per share | 162 | |||||||
| Net income available to common stockholders, diluted: | 47,884 | 35,093 | 30,817 | 39,550 | 42,357 | 30,335 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 47,884 | 35,093 | 30,817 | 39,550 | 42,357 | 30,173 | ||
| Other comprehensive loss | (9) | |||||||
| Comprehensive income: | 47,884 | 35,093 | 30,817 | 39,550 | 42,357 | 30,164 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 3 | (32) | (195) | (10) | (90) | |||
| Comprehensive income, net of tax, attributable to parent: | 47,887 | 35,061 | 30,622 | 39,540 | 42,267 | 30,164 | ||
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.