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)

12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments58546162546055
Cash and cash equivalents58546162546055
Receivables299286295300304254244
Inventory, net of allowances, customer advances and progress billings407433413402383386364
Inventory407433413402383386364
Disposal group, including discontinued operation107      
Other current assets33808286287990
Other undisclosed current assets29   7  
Total current assets:932853851849776779753
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization23   26  
Operating lease, right-of-use asset55626064636764
Intangible assets, net (including goodwill)188183178185188195199
Goodwill109106102105106112113
Intangible assets, net (excluding goodwill)79767680828386
Other noncurrent assets17107105105189795
Other undisclosed noncurrent assets222227225228289232236
Total noncurrent assets:504579568582585591594
TOTAL ASSETS:1,4371,4311,4181,4311,3601,3701,347
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities263345337366274308295
Employee-related liabilities28  
Accounts payable221225226227194186178
Accrued liabilities4211911114052122116
Deferred revenue53   52  
Debt111110101198
Disposal group, including discontinued operation44      
Other undisclosed current liabilities79141213131313
Total current liabilities:449369360389349330316
Noncurrent Liabilities
Long-term debt and lease obligation1449485161646622
Long-term debt, excluding current maturities     592570
Finance lease, liability14   11  
Liabilities, other than long-term debt65404244445656
Deferred income tax liabilities11   32  
Other liabilities11404244125656
Operating lease, liability44494851515452
Other undisclosed noncurrent liabilities641674656619581  
Total noncurrent liabilities:720763745714686702678
Total liabilities:1,1691,1321,1051,1031,0351,032994
Equity
Equity, attributable to parent, including:257288302317314326341
Common stock17   16  
Treasury stock, value(87)   (85)  
Additional paid in capital150   143  
Accumulated other comprehensive loss(62)   (19)  
Retained earnings239   259  
Other undisclosed equity, attributable to parent 288302317 326341
Equity, attributable to noncontrolling interest11111111111212
Total equity:268300314328325338353
TOTAL LIABILITIES AND EQUITY:1,4371,4311,4181,4311,3601,3701,347

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

12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
Revenues210436429418370359350
Cost of revenue
(Cost of Goods and Services Sold)
(154)(385)(379)(365)(346)(318)(310)
Gross profit:57505054244040
Operating expenses(29)(43)(42)(46)(40)(45)(43)
Other undisclosed operating loss(17)      
Operating income (loss):11788(16)(5)(3)
Nonoperating income
(Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component)
3333223
Interest and debt expense(8)(10)(8)(8)(8)(8)(7)
Income (loss) from continuing operations before income taxes:6023(21)(10)(8)
Income tax expense (benefit)(5)3(1)3333
Income (loss) from continuing operations:1326(19)(7)(6)
Income (loss) before gain (loss) on sale of properties:326(19)(7)(6)
Other undisclosed net loss(24)      
Net income (loss):(24)326(19)(7)(6)
Net income (loss) attributable to noncontrolling interest(0)(0)(1)(0)100
Net income (loss) available to common stockholders, diluted:(24)316(18)(7)(5)

Comprehensive Income ($ in millions)

12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
Net income (loss):(24)326(19)(7)(6)
Other comprehensive income (loss)(8)(17)(15)(3)7(5)2
Comprehensive income (loss):(32)(14)(13)3(12)(13)(4)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(0)(1)(0)100
Comprehensive income (loss), net of tax, attributable to parent:(32)(14)(14)3(11)(13)(4)

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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