Preformed Line Products Company (PLPC) financial statements (2022 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 thousands)

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 investments 38,32633,45434,68545,17541,24836,507
Cash and cash equivalents 38,32633,45434,68545,17541,24836,507
Receivables98,203108,034104,67493,65492,68696,71294,840
Inventory, net of allowances, customer advances and progress billings114,507108,603105,42899,69497,53794,31595,454
Inventory114,507108,603105,42899,69497,53794,31595,454
Prepaid expense19,77813,0501,7281,0802,3712,7941,851
Other current assets3,2173,3903,1493,2833,2562,5173,051
Other undisclosed current assets36,406 10,1697,64215,2898,3366,518
Total current assets:272,111271,403258,602240,038256,314245,922238,221
Noncurrent Assets
Operating lease, right-of-use asset12,40012,87213,41412,42613,13912,76212,989
Property, plant and equipment149,774148,097148,511145,400125,965134,440124,261
Intangible assets, net (including goodwill)40,23341,63442,97142,65543,95141,61540,834
Goodwill28,19428,69529,31628,84429,50827,68927,048
Intangible assets, net (excluding goodwill)12,03912,93913,65513,81114,44313,92613,786
Deferred income tax assets3,8398,9489,1915,45910,8636,5156,275
Other noncurrent assets10,66110,63910,72011,02510,85510,78713,686
Total noncurrent assets:216,907222,190224,807216,965204,773206,119198,045
TOTAL ASSETS:489,018493,593483,409457,003461,087452,041436,266
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities58,54162,51960,52652,59953,13051,78648,970
Accounts payable42,37638,50138,73733,94531,64630,29930,866
Employee-related liabilities13,75621,93319,95016,82314,73617,76415,216
Taxes payable1,1088246176485,4562,4671,668
Interest and dividends payable1,3011,2611,2221,1831,2921,2561,220
Debt19,53920,81121,37821,88622,64422,78015,191
Deferred compensation liability7,9476,8715,0223,1048,2526,4844,443
Other undisclosed current liabilities19,50824,15520,52020,08419,74817,14515,734
Total current liabilities:105,535114,356107,44697,673103,77498,19584,338
Noncurrent Liabilities
Long-term debt and lease obligation48,20251,07851,26845,58442,07653,74866,299
Long-term debt, excluding current maturities40,04842,42442,06637,39433,33345,22057,657
Operating lease, liability8,1548,6549,2028,1908,7438,5288,642
Liabilities, other than long-term debt19,18119,36321,05222,60823,16820,52021,473
Deferred income tax liabilities2,7912,6872,8172,8022,9212,8902,879
Liability, pension and other postretirement and postemployment benefits3,6534,9235,2185,5225,8264,3845,148
Other liabilities12,73711,75313,01714,28414,42113,24613,446
Total noncurrent liabilities:67,38370,44172,32068,19265,24474,26887,772
Total liabilities:172,918184,797179,766165,865169,018172,463172,110
Stockholders' equity
Stockholders' equity attributable to parent316,117308,790303,632291,149292,078279,575264,161
Common stock13,18513,17113,17013,15513,02813,01313,003
Treasury stock, value(93,836)(93,836)(93,292)(92,246)(88,568)(87,320)(86,097)
Additional paid in capital47,81446,95645,56444,32243,13442,04740,385
Accumulated other comprehensive loss(61,719)(60,221)(54,842)(59,266)(54,551)(65,549)(68,573)
Retained earnings410,673402,720393,032385,184379,035377,384365,443
Stockholders' equity attributable to noncontrolling interest(17)611(11)(9)3(5)
Total stockholders' equity:316,100308,796303,643291,138292,069279,578264,156
TOTAL LIABILITIES AND EQUITY:489,018493,593483,409457,003461,087452,041436,266

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

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
Revenues131,446135,380133,038117,553118,505127,463117,629
Cost of revenue
(Cost of Goods and Services Sold)
(91,598)(92,217)(89,999)(77,361)(81,882)(82,549)(78,063)
Gross profit:39,84843,16343,03940,19236,62344,91439,566
Operating expenses(23,049)(24,883)(23,869)(23,995)(25,841)(22,921)(20,871)
Other operating income (expense), net(881)(341)(1,669)(818)(2,240)(562)225
Other undisclosed operating loss(4,953)(4,861)(4,763)(4,611)(4,675)(4,541)(4,113)
Operating income:10,96513,07812,73810,7683,86716,89014,807
Nonoperating income (expense)1,000722(161)(214)295530(922)
Investment income, nonoperating92302621333679
Other nonoperating income (expense)1,4521,251270228726998(282)
Interest and debt expense(544)(559)(457)(463)(464)(504)(719)
Income from continuing operations before equity method investments, income taxes:11,42113,24112,12010,0913,69816,91613,166
Other undisclosed income from continuing operations before income taxes544559457463464504719
Income from continuing operations before income taxes:11,96513,80012,57710,5544,16217,42013,885
Income tax expense(3,014)(3,097)(3,686)(3,377)(1,504)(4,458)(3,397)
Net income:8,95110,7038,8917,1772,65812,96210,488
Net income (loss) attributable to noncontrolling interest235(22)212(8)(7)
Net income available to common stockholders, diluted:8,97410,7088,8697,1792,67012,95410,481

Comprehensive Income ($ in thousands)

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:8,95110,7038,8917,1772,65812,96210,488
Other comprehensive income (loss)(1,498)(5,379)4,424(4,715)10,9983,0245,563
Comprehensive income:7,4535,32413,3152,46213,65615,98616,051
Comprehensive income (loss), net of tax, attributable to noncontrolling interest235(22)212(8)(7)
Comprehensive income, net of tax, attributable to parent:7,4765,32913,2932,46413,66815,97816,044

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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