Turning Point Brands, Inc. (TPB) financial statements (2021 and earlier)

Company profile

Business Address 5201 INTERCHANGE WAY
LOUISVILLE, KY 40229
State of Incorp. DE
Fiscal Year End December 31
SIC 21 - Tobacco Products (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4295333
Cash and cash equivalents4295333
Receivables97332
Inventory, net of allowances, customer advances and progress billings8071916362
Inventory8071916362
Other current assets2616151012
Total current assets:1571891127979
Noncurrent Assets
Operating lease, right-of-use asset1812
Property, plant and equipment16141198
Intangible assets, net (including goodwill)239188181161162
Goodwill160154146135134
Intangible assets, net (excluding goodwill)7933352627
Other noncurrent assets2711410
Other undisclosed noncurrent assets3333313237
Total noncurrent assets:332257228203206
TOTAL ASSETS:489447339282285
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4441312225
Accounts payable914749
Accrued liabilities3527231815
Interest and dividends payable  100
Debt1215882
Other liabilities0    
Other undisclosed current liabilities  25815
Total current liabilities:5756643842
Noncurrent Liabilities
Long-term debt and lease obligation294280187186202
Long-term debt, excluding current maturities278269187186202
Operating lease, liability1611
Liabilities, other than long-term debt84658
Deferred tax liabilities, net2  
Deferred income tax liabilities42
Liability, pension and other postretirement and postemployment benefits  345
Other liabilities43113
Total noncurrent liabilities:302284193191209
Total liabilities:358340257229251
Stockholders' equity
Stockholders' equity attributable to parent, including:127107835334
Treasury stock, value(10)    
Additional paid in capital127125110104105
Accumulated other comprehensive loss(3)(4)(3)(3)(4)
Retained earnings (accumulated deficit)12(15)(26)(48)(67)
Other undisclosed stockholders' equity attributable to parent 0000
Stockholders' equity attributable to noncontrolling interest4    
Other undisclosed stockholders' equity0    
Total stockholders' equity:131107835334
TOTAL LIABILITIES AND EQUITY:489447339282285

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues405362333286206
Revenue, net286206
Cost of revenue
(Cost of Goods and Services Sold)
(215)(225)(190)(161)(106)
Gross profit:190137143125100
Operating expenses(126)(110)(94)(75)(57)
Operating income:6427485044
Nonoperating income (expense)(1)8011
Investment income, nonoperating03011
Net periodic defined benefits expense (reversal of expense), excluding service cost component(1)5(0)
Interest and debt expense (1)(17)(23)(3)
Income from continuing operations before equity method investments, income taxes:6333312742
Other undisclosed income (loss) from continuing operations before income taxes(20)(17)0(0)(27)
Income from continuing operations before income taxes:4316322715
Income tax expense (benefit)(10)(2)(6)(7)12
Net income:3314252027
Net income attributable to noncontrolling interest   1 
Net income available to common stockholders, diluted:3314252027

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:3314252027
Other comprehensive income (loss)0  1(0)
Comprehensive income:3314252127
Comprehensive income, net of tax, attributable to noncontrolling interest   1 
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1(1)0 (0)
Comprehensive income, net of tax, attributable to parent:3413262126

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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