Weis Markets, Inc. (WMK) Financial Statements (2024 and earlier)

Company Profile

Business Address 1000 S SECOND ST
SUNBURY, PA 17801
State of Incorp. PA
Fiscal Year End December 31
Industry (SIC) 5411 - Grocery Stores (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

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 investments344292137673885
Cash and cash equivalents15886137673821
Short-term investments186206   64
Receivables515257565785
Inventory, net of allowances, customer advances and progress billings293270269280281280
Inventory293270269280281280
Prepaid expense   29232419
Other undisclosed current assets5358135826914
Total current assets:741672626508469483
Noncurrent Assets
Operating lease, right-of-use asset176191200210
Property, plant and equipment971978924887888886
Intangible assets, net (including goodwill)696969697371
Goodwill525252525252
Intangible assets, net (excluding goodwill) 171717172119
Other undisclosed noncurrent assets211121
Total noncurrent assets:1,2181,2391,1941,167963958
TOTAL ASSETS:1,9591,9101,8201,6761,4321,442
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities264275277228244250
Taxes payable7587 
Accounts payable207219222181191216
Accrued liabilities574951404533
Deferred revenue1212119
Debt   3939  
Self insurance reserve191919161617
Deferred revenue and credits7
Contract with customer, liability8
Other undisclosed current liabilities5040    
Total current liabilities:345345346292267274
Noncurrent Liabilities
Long-term debt and lease obligation  162169180 35
Long-term debt, excluding current maturities      35
Liabilities, other than long-term debt287154133123124121
Deferred tax liabilities, net9187
Deferred income tax liabilities11111510397
Other liabilities9151081514
Operating lease, liability142162169180
Self insurance reserve242320181820
Other undisclosed noncurrent liabilities253026221818
Total noncurrent liabilities:312346328325142175
Total liabilities:657691674617409449
Equity
Equity, attributable to parent1,3021,2201,1461,0591,023993
Common stock101010101010
Treasury stock, value(151)(151)(151)(151)(151)(151)
Accumulated other comprehensive income (loss)(6)23106
Retained earnings1,4491,3591,2841,1981,1641,128
Total equity:1,3021,2201,1461,0591,023993
TOTAL LIABILITIES AND EQUITY:1,9591,9101,8201,6761,4321,442

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues4,6964,2244,1133,5433,5093,467
Revenue, net3,467
Other undisclosed gross profit(3,514)(3,109)(3,012)(2,605)(2,574)(2,540)
Gross profit:1,1821,1161,100938935926
Operating expenses(1,025)(969)(937)(854)(851)(850)
Operating income:157147163858476
Nonoperating income (expense)4(3)(3)(3)  
Investment income, nonoperating425367  
Interest and debt expense(0)(0)(0)(0)(0)(1)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   47(1)4
Income from continuing operations before equity method investments, income taxes:161143164898279
Other undisclosed income (loss) from continuing operations before income taxes(0)5    
Income from continuing operations before income taxes:161148164898279
Income tax expense (benefit)(36)(39)(45)(21)(19)19
Income from continuing operations:125109119686398
Income before gain (loss) on sale of properties:109119686398
Net income available to common stockholders, diluted:125109119686398

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:125109119686398
Other comprehensive income (loss)(8)(2)  (0) 
Comprehensive income:117107119686398
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   21(0)1
Comprehensive income, net of tax, attributable to parent:117107121696399

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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