Park-Ohio Holdings Corp. (PKOH) Financial Statements (2023 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)Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 54 | 55 | 56 | 56 | 83 | 64 | 62 | ||
| Cash and cash equivalents | 54 | 55 | 56 | 56 | 83 | 64 | 62 | ||
| Receivables | 304 | 300 | 318 | 325 | 243 | 194 | 199 | ||
| Inventory, net of allowances, customer advances and progress billings | 383 | 311 | 327 | 318 | 283 | 241 | 249 | ||
| Inventory | 383 | 311 | 327 | 318 | 283 | 241 | 249 | ||
| Other current assets | 28 | 36 | 20 | 16 | 61 | 53 | 13 | ||
| Other undisclosed current assets | 7 | 6 | 5 | 6 | 27 | ||||
| Total current assets: | 776 | 706 | 726 | 721 | 670 | 553 | 550 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 26 | 28 | 27 | ✕ | ✕ | ✕ | ✕ | ||
| Operating lease, right-of-use asset | 63 | 69 | 64 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 219 | 177 | 167 | 151 | |||||
| Intangible assets, net (including goodwill) | 188 | 198 | 199 | 199 | 200 | 183 | 175 | ||
| Goodwill | 106 | 111 | 108 | 103 | 100 | 87 | 82 | ||
| Intangible assets, net (excluding goodwill) | 82 | 87 | 91 | 95 | 100 | 97 | 93 | ||
| Other noncurrent assets | 18 | 16 | 19 | 13 | 12 | 10 | 71 | ||
| Defined benefit plan, assets for plan benefits | ✕ | ✕ | ✕ | ✕ | ✕ | 62 | |||
| Other undisclosed noncurrent assets | 289 | 283 | 276 | 57 | 74 | ||||
| Total noncurrent assets: | 585 | 594 | 585 | 488 | 463 | 422 | 397 | ||
| TOTAL ASSETS: | 1,360 | 1,301 | 1,310 | 1,209 | 1,133 | 974 | 947 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 274 | 195 | 201 | 205 | 197 | 152 | 225 | ||
| Accounts payable | 194 | 167 | 175 | 178 | 174 | 134 | 130 | ||
| Accrued liabilities | 52 | 96 | |||||||
| Employee-related liabilities | 28 | 28 | 26 | 28 | 23 | 19 | |||
| Deferred revenue | 52 | 37 | 36 | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 11 | 12 | 17 | 18 | 18 | 31 | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | 40 | ✕ | ✕ | ✕ | ||
| Other undisclosed current liabilities | 13 | 63 | 52 | 36 | 62 | 59 | |||
| Total current liabilities: | 349 | 307 | 305 | 299 | 276 | 242 | 225 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 61 | 575 | 599 | 562 | 527 | 439 | 464 | ||
| Long-term debt, excluding current maturities | 518 | 545 | 548 | 516 | 439 | 450 | |||
| Finance lease, liability | 11 | ✕ | ✕ | ✕ | ✕ | ||||
| Capital lease obligations | ✕ | ✕ | ✕ | 14 | 11 | 13 | |||
| Operating lease, liability | 51 | 57 | 54 | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 44 | 61 | 57 | 26 | 31 | 57 | 20 | ||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 28 | 20 | ||||
| Deferred income tax liabilities | 32 | 37 | 29 | ✕ | ✕ | ✕ | ✕ | ||
| Other liabilities | 12 | 24 | 29 | 26 | 31 | 30 | |||
| Other undisclosed noncurrent liabilities | 581 | 9 | 11 | 25 | |||||
| Total noncurrent liabilities: | 686 | 636 | 656 | 597 | 568 | 496 | 509 | ||
| Total liabilities: | 1,035 | 943 | 961 | 896 | 845 | 738 | 734 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 314 | 344 | 336 | 299 | 276 | 226 | 205 | ||
| Common stock | 16 | 16 | 16 | 16 | 15 | 15 | 15 | ||
| Treasury stock, value | (85) | (80) | (71) | (67) | (55) | (49) | (47) | ||
| Additional paid in capital | 143 | 136 | 130 | 126 | 118 | 109 | 99 | ||
| Accumulated other comprehensive loss | (19) | (18) | (37) | (41) | (18) | (43) | (30) | ||
| Retained earnings | 259 | 291 | 298 | 266 | 216 | 194 | 168 | ||
| Stockholders' equity attributable to noncontrolling interest | 11 | 14 | 14 | 14 | 12 | 10 | 7 | ||
| Total stockholders' equity: | 325 | 358 | 350 | 313 | 288 | 236 | 212 | ||
| TOTAL LIABILITIES AND EQUITY: | 1,360 | 1,301 | 1,310 | 1,209 | 1,133 | 974 | 947 | ||
Income Statement (P&L) ($ in millions) Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,438 | 1,295 | 1,618 | 1,658 | 1,413 | 1,277 | 1,464 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 1,413 | 1,277 | 1,464 | |
| Cost of revenue (Cost of Goods and Services Sold) | (1,282) | (1,127) | (1,358) | (1,387) | (1,178) | (1,074) | (1,229) | |
| Gross profit: | 156 | 169 | 260 | 272 | 235 | 203 | 235 | |
| Operating expenses | (168) | (153) | (177) | (174) | (144) | (134) | ||
| Other undisclosed operating loss | (137) | |||||||
| Operating income (loss): | (12) | 16 | 83 | 97 | 90 | 69 | 98 | |
| Nonoperating income (Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component) | 10 | 7 | 6 | 9 | ||||
| Interest and debt expense | (30) | (30) | (34) | (34) | (43) | (28) | (28) | |
| Income (loss) from continuing operations before income taxes: | (33) | (7) | 55 | 72 | 48 | 41 | 70 | |
| Income tax expense (benefit) | 7 | 3 | (15) | (17) | (18) | (9) | (21) | |
| Net income (loss): | (26) | (5) | 40 | 55 | 30 | 32 | 49 | |
| Net income (loss) attributable to noncontrolling interest | 1 | 0 | (1) | (2) | (1) | (1) | (1) | |
| Net income (loss) available to common stockholders, diluted: | (25) | (5) | 39 | 54 | 29 | 32 | 48 | |
Comprehensive Income ($ in millions)Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (26) | (5) | 40 | 55 | 30 | 32 | 49 | |
| Other comprehensive income (loss) | (1) | 19 | 4 | (23) | 25 | (13) | (16) | |
| Comprehensive income (loss): | (27) | 14 | 44 | 32 | 54 | 20 | 33 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 1 | 0 | (1) | (2) | (1) | (1) | (1) | |
| Comprehensive income (loss), net of tax, attributable to parent: | (26) | 14 | 43 | 31 | 53 | 19 | 32 | |
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.