Park-Ohio Holdings Corp. (PKOH) Financial Statements (2024 and earlier)

Company Profile

Business Address 6065 PARKLAND BLVD.
CLEVELAND, OH 44124
State of Incorp. OH
Fiscal Year End December 31
Industry (SIC) 346 - Metal Forgings And Stampings (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments555854555656
Cash and cash equivalents555854555656
Receivables260299304300318325
Inventory, net of allowances, customer advances and progress billings411407383311327318
Inventory411407383311327318
Disposal group, including discontinued operation  107    
Other current assets953328362016
Other undisclosed current assets 4297656
Total current assets:824932776706726721
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 2223262827
Operating lease, right-of-use asset4555636964
Property, plant and equipment      219
Intangible assets, net (including goodwill)184188188198199199
Goodwill110109106111108103
Intangible assets, net (excluding goodwill)737982879195
Other noncurrent assets281718161913
Other undisclosed noncurrent assets23822228928327657
Total noncurrent assets:516504585594585488
TOTAL ASSETS:1,3411,4371,3601,3011,3101,209
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities312263274195201205
Employee-related liabilities28282628
Accounts payable204221194167175178
Accrued liabilities1084252   
Deferred revenue  53523736
Debt91111121718
Disposal group, including discontinued operation  44    
Contract with customer, liability40
Other undisclosed current liabilities427913635236
Total current liabilities:364449349307305299
Noncurrent Liabilities
Long-term debt and lease obligation 131461575599562
Long-term debt, excluding current maturities    518545548
Capital lease obligations14
Finance lease, liability 131411  
Liabilities, other than long-term debt546544615726
Deferred income tax liabilities 911323729
Other liabilities101112242926
Operating lease, liability3444515754
Other undisclosed noncurrent liabilities621641581  9
Total noncurrent liabilities:687720686636656597
Total liabilities:1,0511,1691,035943961896
Equity
Equity, attributable to parent280257314344336299
Common stock 171716161616
Treasury stock, value (89)(87)(85)(80)(71)(67)
Additional paid in capital 156150143136130126
Accumulated other comprehensive loss (44)(62)(19)(18)(37)(41)
Retained earnings 240239259291298266
Other undisclosed equity, attributable to parent      
Equity, attributable to noncontrolling interest101111141414
Total equity:290268325358350313
TOTAL LIABILITIES AND EQUITY:1,3411,4371,3601,3011,3101,209

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,6601,4931,4381,2951,6181,658
Cost of revenue
(Cost of Goods and Services Sold)
(1,388)(1,282)(1,282)(1,127)(1,358)(1,387)
Gross profit:271211156169260272
Operating expenses(181)(160)(168)(153)(177)(174)
Other undisclosed operating loss(7)(17)    
Operating income (loss):8433(12)168397
Nonoperating income
(Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component)
31110769
Interest and debt expense(45)(34)(30)(30)(34)(34)
Income (loss) from continuing operations before income taxes:4211(33)(7)5572
Income tax expense (benefit)(9)173(15)(17)
Income (loss) from continuing operations:3311(26)(5)4055
Income (loss) before gain (loss) on sale of properties:(26)(5)4055
Other undisclosed net loss(26)(24)    
Net income (loss):7(13)(26)(5)4055
Net income (loss) attributable to noncontrolling interest1(1)10(1)(2)
Net income (loss) available to common stockholders, diluted:8(14)(25)(5)3954

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):7(13)(26)(5)4055
Other comprehensive income (loss)18(43)(1)194(23)
Comprehensive income (loss):25(56)(27)144432
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1(1)10(1)(2)
Comprehensive income (loss), net of tax, attributable to parent:26(57)(26)144331

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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