Preformed Line Products Company (PLPC) financial statements (2021 and earlier)

Company profile

Business Address P.O. BOX 91129
CLEVELAND, OH 44101
State of Incorp. OH
Fiscal Year End December 31
SIC 1623 - Water, Sewer, Pipeline, and Communications and Power Line Construction (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments39414146453641
Cash and cash equivalents39414143443441
Short-term investments   222 
Receivables84869274738778
Inventory, net of allowances, customer advances and progress billings96929388858283
Inventory96929388858283
Prepaid expense3225322
Other current assets4524344
Other undisclosed current assets7775555
Total current assets:232233237221214216214
Noncurrent Assets
Finance lease, right-of-use asset0   
Operating lease, right-of-use asset1213  
Property, plant and equipment124118112103103105105
Intangible assets, net (including goodwill)43404234242525
Goodwill28252925161616
Intangible assets, net (excluding goodwill)1515138899
Other noncurrent assets15131412111112
Other undisclosed noncurrent assets782017788
Total noncurrent assets:202192188166145148150
TOTAL ASSETS:434425425387359364364
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities43484639394644
Accounts payable28292926263028
Employee-related liabilities12151412111413
Taxes payable2311111
Interest and dividends payable1111111
Debt14121291054
Deferred compensation liability7643764
Other undisclosed current liabilities17182119131313
Total current liabilities:81838471697065
Noncurrent Liabilities
Long-term debt and lease obligation62615542253337
Long-term debt, excluding current maturities54535542253337
Operating lease, liability88  
Liabilities, other than long-term debt19172016151422
Deferred tax liabilities, net32222
Liability, pension and other postretirement and postemployment benefits55555510
Other liabilities14121298811
Other undisclosed noncurrent liabilities349    
Total noncurrent liabilities:84828458404760
Total liabilities:165165167129109118125
Stockholders' equity
Stockholders' equity attributable to parent269260258250249246240
Common stock13131313131313
Treasury stock, value(79)(77)(76)(75)(72)(72)(70)
Additional paid in capital39383635343332
Accumulated other comprehensive loss(57)(63)(57)(58)(60)(57)(57)
Retained earnings353349342335334330322
Stockholders' equity attributable to noncontrolling interest00(0)    
Total stockholders' equity:269260258250249246240
Other undisclosed liabilities and equity   8   
TOTAL LIABILITIES AND EQUITY:434425425387359364364

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues11411911597105108109
Cost of revenue
(Cost of Goods and Services Sold)
(77)(80)(77)(70)(73)(75)(74)
Gross profit:36393827323335
Operating expenses(23)(23)(22)(21)(21)(21)(21)
Other operating income (expense), net(1)(1)(0)(0)1(1)(1)
Other undisclosed operating loss(4)(4)(4)(4)(4)(4)(4)
Operating income:812112889
Nonoperating income (expense)(0)(0)(0)(0)0(0)(0)
Investment income, nonoperating0000000
Other nonoperating income (expense)(0)000000
Interest and debt expense(1)(1)(1)(0)(0)(0)(0)
Income from continuing operations before equity method investments, income taxes:711102879
Other undisclosed income from continuing operations before income taxes1110000
Income from continuing operations before income taxes:711112889
Income tax expense (benefit)(2)(3)(3)(0)(3)1(2)
Net income:6882597
Net income (loss) attributable to noncontrolling interest0(0)0    
Net income available to common stockholders, diluted:6882597

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:6882597
Other comprehensive income (loss)5(6)11(2)(0)(13)
Comprehensive income (loss):1129339(7)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(0)0    
Comprehensive income (loss), net of tax, attributable to parent:1129339(7)

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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