Simpson Manufacturing Company, Inc. (SSD) Financial Statements (2024 and earlier)

Company Profile

Business Address 5956 W LAS POSITAS BLVD
PLEASANTON, CA 94588
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 342 - Cutlery, Handtools, And General Hardware (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments300,742301,155274,639230,210160,180168,514
Cash and cash equivalents300,742301,155274,639230,210160,180168,514
Receivables269,124231,021165,128139,364146,052135,958
Inventory, net of allowances, customer advances and progress billings556,801443,756283,742251,907276,088252,996
Inventory556,801443,756283,742251,907276,088252,996
Other current assets52,58322,90329,63019,42617,20926,473
Total current assets:1,179,250998,835753,139640,907599,529583,941
Noncurrent Assets
Operating lease, right-of-use asset57,65245,43845,79235,436
Property, plant and equipment361,555259,869255,184249,012254,597273,020
Long-term investments and receivables   2,4662,4802,4872,549
Long-term investments   2,4662,4802,4872,549
Intangible assets, net (including goodwill)858,589160,291162,644156,950154,652166,466
Goodwill495,672134,022135,844131,879130,250137,140
Intangible assets, net (excluding goodwill)362,91726,26926,80025,07124,40229,326
Other noncurrent assets46,92519,69213,34410,58110,39811,547
Total noncurrent assets:1,324,721485,290479,430454,459422,134453,582
TOTAL ASSETS:2,503,9711,484,1251,232,5691,095,3661,021,6631,037,523
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities326,063244,602194,061158,907132,933118,966
Employee-related liabilities    3,226
Accounts payable97,84157,21548,27133,35134,36131,536
Accrued liabilities228,222187,387145,790125,55698,57284,204
Debt22,500     
Deferred compensation liability     18,64716,470
Other undisclosed current liabilities     1,055
Total current liabilities:348,563244,602194,061158,907151,580136,491
Noncurrent Liabilities
Long-term debt and lease obligation, including: 37,09137,19928,3161,6002,600
Long-term debt, excluding current maturities      
Capital lease obligations 2,607
Finance lease, liability    386
Other undisclosed long-term debt and lease obligation     1,600(7)
Liabilities, other than long-term debt46,882     
Operating lease, liability46,88237,09137,19927,930
Other undisclosed noncurrent liabilities695,147(18,657)20,366(11,744)12,96911,047
Total noncurrent liabilities:742,02955,52557,56516,57214,56913,647
Other undisclosed liabilities    27,930 2,607
Total liabilities:1,090,592300,127251,626203,409166,149152,745
Equity
Equity, attributable to parent1,413,3791,183,998980,943891,957855,514884,778
Common stock425432433442453473
Treasury stock, value   (13,510)(9,379)(25,000)(40,000)
Additional paid in capital298,983294,330284,007280,216276,504260,157
Accumulated other comprehensive loss(4,059)(17,605)(10,428)(24,829)(24,650)(12,496)
Retained earnings1,118,030906,841720,441645,507628,207676,644
Total equity:1,413,3791,183,998980,943891,957855,514884,778
TOTAL LIABILITIES AND EQUITY:2,503,9711,484,1251,232,5691,095,3661,021,6631,037,523

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues2,116,0871,573,2171,267,9451,136,5391,078,809977,025
Revenue, net977,025
Cost of revenue
(Cost of Goods and Services Sold)
(1,174,794)(818,187)(691,561)(644,409)(598,290)(530,761)
Gross profit:941,293755,030576,384492,130480,519446,264
Operating expenses(466,200)(387,561)(324,353)(316,900)(312,080)(307,097)
Other undisclosed operating income (loss)(16,026)3243326,0243,893 
Operating income:459,067367,793252,363181,254172,332139,167
Nonoperating income (expense)(11,002)(9,244)(2,799)(2,897)4306,336
Investment income, nonoperating      6,336
Gain (loss), foreign currency transaction, before tax (3,408)(5,582)(787)(1,160)430 
Other nonoperating income (expense)(7,594)(3,662)(2,012)(1,737)  
Interest and debt expense (8,027)(850)(2,284)(2,028)(1,064)(1,177)
Other undisclosed loss from continuing operations before equity method investments, income taxes      
Income from continuing operations before equity method investments, income taxes:440,038357,699247,280176,329171,698144,326
Loss from equity method investments     (63)(86)
Other undisclosed income from continuing operations before income taxes8,0278502,2842,028493178
Income from continuing operations before income taxes:448,065358,549249,564178,357172,128144,418
Income tax expense(114,070)(92,102)(62,564)(44,375)(45,495)(51,801)
Income from continuing operations:333,995266,447187,000133,982126,63392,617
Income before gain (loss) on sale of properties:266,447187,000133,982126,63392,617
Net income available to common stockholders, diluted:333,995266,447187,000133,982126,63392,617

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:333,995266,447187,000133,982126,63392,617
Other comprehensive income (loss)35,761(7,177)14,401(179)(12,154)20,329
Comprehensive income:369,756259,270201,401133,803114,479112,946
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(22,215)   (381)145
Comprehensive income, net of tax, attributable to parent:347,541259,270201,401133,803114,098113,091

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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