AAON, Inc. (AAON) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
2425 SOUTH YUKON AVE. TULSA, OK 74107 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3585 - Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2023 | 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 investments | 5,451 | 2,859 | 79,025 | 26,797 | 1,994 | 27,534 | |||
| Cash and cash equivalents | 5,451 | 2,859 | 79,025 | 26,797 | 1,994 | 21,457 | |||
| Short-term investments | 6,077 | ||||||||
| Receivables | 127,158 | 76,503 | 52,005 | 68,200 | 60,209 | 52,009 | |||
| Inventory, net of allowances, customer advances and progress billings | 198,939 | 130,270 | 82,219 | 73,601 | 77,612 | 70,786 | |||
| Inventory | 198,939 | 130,270 | 82,219 | 73,601 | 77,612 | 70,786 | |||
| Contract with customer, asset, after allowance for credit loss | 15,151 | 5,749 | ✕ | ||||||
| Other undisclosed current assets | 2,417 | 2,699 | 7,002 | 18,951 | 1,046 | 3,398 | |||
| Total current assets: | 349,116 | 218,080 | 220,251 | 187,549 | 140,861 | 153,727 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 7,123 | 16,974 | 1,571 | 1,683 | ✕ | ✕ | |||
| Property, plant and equipment | 304,745 | 258,062 | 223,340 | 178,094 | 163,003 | 142,375 | |||
| Long-term investments and receivables | 579 | 597 | 598 | 678 | |||||
| Accounts and financing receivable, after allowance for credit loss | 579 | 597 | 598 | 678 | |||||
| Intangible assets, net (including goodwill) | 146,498 | 155,848 | 3,267 | 3,501 | 3,735 | ||||
| Goodwill | 81,892 | 85,727 | 3,229 | 3,229 | 3,229 | ||||
| Intangible assets, net (excluding goodwill) | 64,606 | 70,121 | 38 | 272 | 506 | ||||
| Other noncurrent assets | 6,421 | 1,216 | |||||||
| Total noncurrent assets: | 464,787 | 432,100 | 228,757 | 183,875 | 167,336 | 143,053 | |||
| TOTAL ASSETS: | 813,903 | 650,180 | 449,008 | 371,424 | 308,197 | 296,780 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 124,143 | 79,226 | 59,033 | 56,028 | 48,071 | 50,065 | |||
| Accounts payable | 45,513 | 29,020 | 12,447 | 11,759 | 10,616 | 10,967 | |||
| Accrued liabilities | 78,630 | 50,206 | 46,586 | 44,269 | 37,455 | 39,098 | |||
| Deferred revenue | 21,424 | 7,542 | ✕ | ✕ | |||||
| Total current liabilities: | 145,567 | 86,768 | 59,033 | 56,028 | 48,071 | 50,065 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 6,363 | 6,320 | |||||||
| Long-term debt, excluding current maturities | 6,363 | 6,320 | |||||||
| Liabilities, other than long-term debt | 41,677 | 69,679 | 32,747 | 18,936 | 146 | ||||
| Accounts payable and accrued liabilities | 11,508 | 18,843 | 4,423 | 3,639 | 146 | ||||
| Deferred income tax liabilities | 18,661 | 31,993 | 28,324 | 15,297 | ✕ | ✕ | |||
| Other liabilities | 11,508 | 18,843 | |||||||
| Other undisclosed noncurrent liabilities | 65,945 | 27,563 | 12,481 | 9,489 | |||||
| Total noncurrent liabilities: | 107,622 | 97,242 | 39,110 | 25,256 | 12,627 | 9,489 | |||
| Total liabilities: | 253,189 | 184,010 | 98,143 | 81,284 | 60,698 | 59,554 | |||
| Equity | |||||||||
| Equity, attributable to parent | 560,714 | 466,170 | 350,865 | 290,140 | 247,499 | 237,226 | |||
| Common stock | 214 | 210 | 209 | 208 | 208 | 210 | |||
| Additional paid in capital | 98,735 | 81,654 | 5,161 | 3,631 | |||||
| Retained earnings | 461,765 | 384,306 | 345,495 | 286,301 | 247,291 | 237,016 | |||
| Total equity: | 560,714 | 466,170 | 350,865 | 290,140 | 247,499 | 237,226 | |||
| TOTAL LIABILITIES AND EQUITY: | 813,903 | 650,180 | 449,008 | 371,424 | 308,197 | 296,780 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 888,788 | 534,517 | 514,551 | 469,333 | 433,947 | 405,232 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 405,232 | |
| Cost of revenue (Cost of Goods and Services Sold) | (651,216) | (396,687) | (358,702) | (349,908) | (152) | (281,835) | ||
| Other undisclosed gross profit | (330,262) | |||||||
| Gross profit: | 237,572 | 137,830 | 155,849 | 119,425 | 103,533 | 123,397 | ||
| Operating expenses | (110,811) | (68,577) | (54,013) | (52,414) | (47,743) | (49,294) | ||
| Operating income: | 126,761 | 69,253 | 101,836 | 67,011 | 55,790 | 74,103 | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 399 | 61 | 51 | (46) | (47) | 91 | ||
| Interest and debt expense | (43) | (7) | ||||||
| Income from continuing operations before equity method investments, income taxes: | 127,160 | 69,314 | 101,844 | 66,958 | 55,743 | 74,194 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (2,627) | (132) | 131 | 73 | 196 | 298 | ||
| Income from continuing operations before income taxes: | 124,533 | 69,182 | 101,975 | 67,031 | 55,939 | 74,492 | ||
| Income tax expense | (24,157) | (10,424) | (22,966) | (13,320) | (13,367) | (19,994) | ||
| Income from continuing operations: | 100,376 | 58,758 | 79,009 | 53,711 | 42,572 | 54,498 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | 58,758 | 79,009 | 53,711 | 42,572 | 54,498 | |
| Net income available to common stockholders, diluted: | 100,376 | 58,758 | 79,009 | 53,711 | 42,572 | 54,498 | ||
Comprehensive Income ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 100,376 | 58,758 | 79,009 | 53,711 | 42,572 | 54,498 | ||
| Comprehensive income, net of tax, attributable to parent: | 100,376 | 58,758 | 79,009 | 53,711 | 42,572 | 54,498 | ||
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.