Patrick Industries, Inc. (PATK) financial statements (2022 and earlier)

Company profile

Business Address 107 WEST FRANKLIN STREET PO BOX 638
ELKHART, IN 46515
State of Incorp. IN
Fiscal Year End December 31
SIC 3714 - Motor Vehicle Parts and Accessories (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments123455864562111
Cash and cash equivalents123455864562111
Receivables172293264212133176144
Inventory, net of allowances, customer advances and progress billings614486406345313281262
Inventory614486406345313281262
Other undisclosed current assets64393528381321
Total current assets:974863764592528532537
Noncurrent Assets
Operating lease, right-of-use asset15814314012411810596
Property, plant and equipment319309298256251197185
Intangible assets, net (including goodwill)1,1921,0371,017857852737671
Goodwill551479454405396356326
Intangible assets, net (excluding goodwill)640558563451456381345
Other noncurrent assets7774200
Other undisclosed noncurrent assets   2233
Total noncurrent assets:1,6771,4961,4611,2431,2251,043955
TOTAL ASSETS:2,6512,3582,2251,8351,7531,5751,493
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities385365285260189218185
Accounts payable204219165154106117116
Accrued liabilities1811461211068310169
Debt8888855
Other undisclosed current liabilities40373633313029
Total current liabilities:433409329300227253219
Noncurrent Liabilities
Long-term debt and lease obligation1,3991,1851,182879899751741
Long-term debt, excluding current maturities1,2791,0781,077786811674673
Operating lease, liability12010810593887768
Liabilities, other than long-term debt51727061684540
Deferred income tax liabilities36494941402619
Other liabilities15222220281920
Total noncurrent liabilities:1,4501,2571,253940967796781
Total liabilities:1,8831,6661,5811,2401,1941,0491,000
Stockholders' equity
Stockholders' equity attributable to parent, including:768692643595559526493
Treasury stock, value  (22)    
Additional paid in capital60242424242425
Accumulated other comprehensive loss(2)(3)(4)(5)(6)(7)(8)
Retained earnings514476453401360331304
Other undisclosed stockholders' equity attributable to parent196195191175181177173
Total stockholders' equity:768692643595559526493
TOTAL LIABILITIES AND EQUITY:2,6512,3582,2251,8351,7531,5751,493

Income statement (P&L) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues1,1471,0601,020850773701424
Cost of revenue
(Cost of Goods and Services Sold)
(920)(852)(815)(689)(630)(567)(350)
Gross profit:22720820416214213374
Operating expenses(132)(115)(109)(93)(80)(74)(62)
Operating income:95939568626012
Other undisclosed loss from continuing operations before equity method investments, income taxes    (16)  
Income from continuing operations before equity method investments, income taxes:95939568466012
Other undisclosed income (loss) from continuing operations before income taxes(17)(15)(15)(11)5(11)(11)
Income from continuing operations before income taxes:7878815751491
Income tax expense(17)(20)(22)(10)(13)(12)(1)
Net income available to common stockholders, diluted:6157594838371

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income:6157594838371
Other comprehensive income1111   
Other undisclosed comprehensive loss    (0)  
Comprehensive income:6259604837371
Other undisclosed comprehensive income, net of tax, attributable to parent    210
Comprehensive income, net of tax, attributable to parent:6259604839381

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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