Rogers Corporation (ROG) Financial Statements (2024 and earlier)

Company Profile

Business Address 2225 W CHANDLER BLVD
CHANDLER, AZ 85224
State of Incorp. MA
Fiscal Year End December 31
Industry (SIC) 2821 - Plastics Materials, Synthetic Resins, and Nonvulcanizable Elastomers (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

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 investments131,700235,850232,296191,785166,849167,738
Cash and cash equivalents131,700235,850232,296191,785166,849167,738
Receivables143,200177,413163,092134,421122,285146,123
Inventory, net of allowances, customer advances and progress billings153,500182,402133,384102,360132,859132,637
Inventory153,500182,402133,384102,360132,859132,637
Prepaid expense  4,0421,9212,9604,5243,093
Contract with customer, asset, after allowance for credit loss45,20038,85336,61026,57522,45522,728
Disposal group, including discontinued operation      
Other current assets30,30017,42613,58613,08810,83810,829
Other undisclosed current assets23,0003,8813,1762,9864,2922,638
Total current assets:526,900659,867584,065474,175464,102485,786
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization1,5001,7493897,0176,280
Operating lease, right-of-use asset18,90013,01317,1614,2164,656
Property, plant and equipment(385,700)(381,584)(367,850)(365,844)(341,119)242,759
Long-term investments and receivables11,10014,08216,32815,24816,46118,667
Long-term investments11,10014,08216,32815,24816,46118,667
Intangible assets, net (including goodwill)483,700486,089546,542388,198421,877441,893
Goodwill359,800352,365370,189270,172262,930264,885
Intangible assets, net (excluding goodwill)123,900133,724176,353118,026158,947177,008
Deferred income tax assets49,70050,64932,67128,66717,117
Other noncurrent assets8,40015,93527,47916,2546,56422,318
Other undisclosed noncurrent assets802,700786,414741,781696,074677,24367,921
Total noncurrent assets:990,300986,3471,014,501789,830809,079793,558
TOTAL ASSETS:1,517,2001,646,2141,598,5661,264,0051,273,1811,279,344
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities83,40097,004122,48886,25373,34677,844
Taxes payable9,6328,55810,6497,032
Employee-related liabilities48,19641,70829,67830,491
Accounts payable50,30057,34264,66035,98733,01940,321
Accrued liabilities33,10039,662    
Debt400498198 2,743420
Disposal group, including discontinued operation      
Other liabilities24,00040,06737,62021,64121,87223,369
Other undisclosed current liabilities8,6004,9683,6433,6152,2645,547
Total current liabilities:116,400142,537163,949111,509100,225107,180
Noncurrent Liabilities
Long-term debt and lease obligation31,100216,295205,17427,541129,474233,111
Long-term debt, excluding current maturities 30,000215,000190,00025,000123,000228,482
Capital lease obligations4,629
Finance lease, liability1,1001,2952093224,140
Liabilities, other than long-term debt55,80065,54061,23137,12135,18325,930
Accounts payable and accrued liabilities7,2009,9857,13116,34610,4238,418
Deferred tax liabilities, net10,806
Deferred income tax liabilities22,90023,55729,4518,3759,220
Liability, pension and other postretirement and postemployment benefits  1,5011,6181,6121,5671,739
Other liabilities10,30019,80823,03110,78813,9734,967
Operating lease, liability15,40010,68914,9652,2192,334
Total noncurrent liabilities:86,900281,835266,40564,662164,657259,041
Total liabilities:203,300424,372430,354176,171264,882366,221
Equity
Equity, attributable to parent1,259,0001,172,4661,118,8951,020,755933,900848,324
Common stock18,60018,57418,73018,67718,57718,395
Additional paid in capital151,800140,702163,583147,961138,526132,360
Accumulated other comprehensive loss(66,400)(85,264)(45,243)(19,575)(46,905)(78,834)
Retained earnings1,155,0001,098,454981,825873,692823,702776,403
Total equity:1,259,0001,172,4661,118,8951,020,755933,900848,324
Other undisclosed liabilities and equity54,90049,37649,31767,07974,39964,799
TOTAL LIABILITIES AND EQUITY:1,517,2001,646,2141,598,5661,264,0051,273,1811,279,344

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues908,400971,171932,886802,583898,260879,091
Cost of revenue
(Cost of Goods and Services Sold)
(601,300)(650,156)(583,747)(510,763)(583,968)(568,308)
Gross profit:307,100321,015349,139291,820314,292310,783
Operating expenses(254,900)(320,597)(226,627)(224,590)(202,852)(197,121)
Other operating income (expense), net33,100144,014(5,330)104(959) 
Other undisclosed operating loss      (951)
Operating income:85,300144,432117,18267,334110,481112,711
Nonoperating income (expense)(700)1,0585,1364,413(1,492)(1,694)
Gain (loss), foreign currency transaction, before tax    900(900)(700)
Other nonoperating income (expense)(700)1,0585,1363,513(592)(994)
Interest and debt expense(9,600)(8,966)(892)(10,668)(15,303)(6,100)
Income from continuing operations before equity method investments, income taxes:75,000136,524121,42661,07993,686104,917
Income from equity method investments1,8004,4377,0324,8775,3195,501
Other undisclosed income (loss) from continuing operations before income taxes(500)(581)(2,178)2,578(43,879)171
Income from continuing operations before income taxes:76,300140,380126,28068,53455,126110,589
Income tax expense(19,700)(23,751)(18,147)(18,544)(7,807)(22,938)
Income from continuing operations:56,600116,629108,13349,99047,31987,651
Income before gain (loss) on sale of properties:108,13349,99047,31987,651
Net income available to common stockholders, diluted:56,600116,629108,13349,99047,31987,651

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:56,600116,629108,13349,99047,31987,651
Other comprehensive income (loss) 18,800(40,021)(25,668)27,33031,929(13,679)
Other undisclosed comprehensive income      
Comprehensive income:75,40076,60882,46577,32079,24873,972
Other undisclosed comprehensive loss, net of tax, attributable to parent      
Comprehensive income, net of tax, attributable to parent:75,40076,60882,46577,32079,24873,972

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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