American Vanguard Corporation (AVD) financial statements (2022 and earlier)

Company profile

Business Address 4695 MACARTHUR COURT
NEWPORT BEACH, CA 92660
State of Incorp. DE
Fiscal Year End December 31
SIC 287 - Agricultural Chemicals (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16,28515,9236,5816,16811,3377,8695,524
Cash and cash equivalents16,28515,9236,5816,16811,3377,8695,524
Receivables158,921141,519153,024134,029109,60587,20675,389
Inventory, net of allowances, customer advances and progress billings154,306163,784163,313159,895123,124120,576136,477
Inventory154,306163,784163,313159,895123,124120,576136,477
Prepaid expense12,48810,49910,45710,09610,81711,424 
Other undisclosed current assets  2,824   19,441
Total current assets:342,000331,725336,199310,188254,883227,075236,831
Noncurrent Assets
Operating lease, right-of-use asset25,38612,19811,258
Property, plant and equipment66,11165,38256,52149,25249,32150,29547,972
Intangible assets, net (including goodwill)244,101249,622244,934212,373203,134121,433129,160
Goodwill46,26052,10846,55725,79022,184  
Intangible assets, net (excluding goodwill)197,841197,514198,377186,583180,950121,433129,160
Deferred income tax assets2702,764 
Other noncurrent assets16,29218,60221,18621,77428,25431,15329,576
Total noncurrent assets:352,160348,568333,899283,399280,709202,881206,708
TOTAL ASSETS:694,160680,293670,098593,587535,592429,956443,539
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities133,391104,694112,580107,91494,17281,12859,714
Accounts payable67,14059,25364,88166,53553,74824,35815,343
Accrued liabilities63,24545,44147,69937,34939,05442,93044,371
Taxes payable3,006  4,0301,37013,840 
Deferred revenue63,06443,6116,826
Debt  4,904   55
Deferred revenue and credits14,5743,8488,888
Contract with customer, liability20,043
Other liabilities8022,6471,5131,6095,39526514
Other undisclosed current liabilities25,80420,37212,81515,96212,06112,0727,111
Total current liabilities:223,061171,324138,638145,528126,20297,07476,282
Noncurrent Liabilities
Long-term debt and lease obligation73,020115,619155,26996,67177,48640,95168,321
Long-term debt, excluding current maturities52,240107,442148,76696,67177,48640,95168,321
Operating lease, liability20,7808,1776,503
Liabilities, other than long-term debt25,34132,61414,68022,15826,5909,57430,610
Asset retirement obligations  1,790    
Deferred tax liabilities, net15,36316,2846,70627,556
Deferred income tax liabilities20,00623,560 
Other liabilities5,3359,05412,8906,79510,3062,8683,054
Other undisclosed noncurrent liabilities  17,355    
Total noncurrent liabilities:98,361148,233187,304118,829104,07650,52598,931
Total liabilities:321,422319,557325,942264,357230,278147,599175,213
Stockholders' equity
Stockholders' equity attributable to parent372,738360,736344,156329,230305,060282,190268,395
Common stock3,4263,3943,3243,2763,2253,1833,164
Treasury stock, value(22,739)(18,160)(18,160)(15,556)(8,269)(8,269)(8,269)
Additional paid in capital101,45096,64290,57283,17775,65871,69968,534
Accumulated other comprehensive loss(13,784)(9,322)(5,698)(4,507)(4,507)(4,851)(3,541)
Retained earnings304,385288,182274,118262,840238,953220,428208,507
Stockholders' equity attributable to noncontrolling interest    254167(69)
Total stockholders' equity:372,738360,736344,156329,230305,314282,357268,326
TOTAL LIABILITIES AND EQUITY:694,160680,293670,098593,587535,592429,956443,539

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues556,872458,704468,186454,272355,047312,113289,382
Revenue, net355,047312,113289,382
Cost of revenue(343,629)(286,114)(290,832)(271,641)(207,655)(183,825)(177,480)
Gross profit:213,243172,590177,354182,631147,392128,288111,902
Operating expenses(182,468)(154,339)(151,133)(143,610)(120,598)(107,748)(100,378)
Other undisclosed operating income1714,657     
Operating income:30,94622,90826,22139,02126,79420,54011,524
Interest and debt expense(3,687)(5,178)(7,209)(4,024)(1,941)(1,623)(2,772)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(118)717 (1,401)  210
Income from continuing operations before equity method investments, income taxes:27,14118,44719,01233,59624,85318,9178,962
Loss from equity method investments(388)(125)(209)(389)(49)(353) 
Income from continuing operations before income taxes:26,75318,32218,80333,20724,80418,5648,962
Income tax expense(8,166)(3,080)(5,202)(9,145)(4,443)(5,540)(2,009)
Income before gain (loss) on sale of properties:18,58715,24213,60124,06220,36113,0246,953
Other undisclosed net loss      (636)
Net income:18,58715,24213,60124,06220,36113,0246,317
Net income (loss) attributable to noncontrolling interest   133(87)(236)274
Net income available to common stockholders, diluted:18,58715,24213,60124,19520,27412,7886,591

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:18,58715,24213,60124,06220,36113,0246,317
Other comprehensive loss(76)      
Other undisclosed comprehensive income (loss)(4,386)(3,624)(1,191) 344(1,310) 
Comprehensive income:14,12511,61812,41024,06220,70511,7146,317
Comprehensive income (loss), net of tax, attributable to noncontrolling interest   133(87)(236)274
Other undisclosed comprehensive loss, net of tax, attributable to parent      (1,571)
Comprehensive income, net of tax, attributable to parent:14,12511,61812,41024,19520,61811,4785,020

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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