Checkpoint Systems Inc (CKP) financial statements (2022 and earlier)

Company profile

Business Address 101 WOLF DRIVE
State of Incorp. PA
Fiscal Year End December 31
SIC 3669 - Communications Equipment, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

Current Assets
Cash, cash equivalents, and short-term investments124,289135,537121,573118,829
Cash and cash equivalents124,289135,537121,573118,829
Inventory, net of allowances, customer advances and progress billings82,12691,86083,52182,154
Disposal group, including discontinued operation   29,864
Prepaid expense and other current assets29,11936,147
Other current assets20,81925,928 
Other undisclosed current assets 5,5579,1088,930
Total current assets:340,932390,602411,185453,097
Noncurrent Assets
Property, plant and equipment75,86476,33275,067107,184
Long-term investments and receivables 1,4003,5006,000
Accounts and financing receivable, after allowance for credit loss 1,4003,5006,000
Intangible assets, net (including goodwill)211,887303,449242,654236,180
Intangible assets, net (excluding goodwill)47,777129,88056,79053,439
Deferred costs 1,7002,1002,600
Other noncurrent assets4,3296,882 
Prepaid expense and other noncurrent assets9,81313,246
Other undisclosed noncurrent assets24,858(41,699)55,17441,502
Total noncurrent assets:316,938348,064388,308406,712
TOTAL ASSETS:657,870738,666799,493859,809
Current Liabilities
Accounts payable and accrued liabilities121,250121,921135,563154,172
Accounts payable50,64748,92867,20368,929
Accrued liabilities46,45844,20441,58054,425
Employee-related liabilities22,32127,51124,34128,258
Taxes payable1,8241,2782,4392,560
Restructuring reserve8,6646,255
Disposal group, including discontinued operation   9,688
Customer refund liability10,50012,50011,10015,200
Deferred revenue and credits6,2627,6639,01117,035
Other liabilities13,98217,50419,53625,855
Other undisclosed current liabilities14,385(8,028)2,088(934)
Total current liabilities:175,322158,051177,733225,383
Noncurrent Liabilities
Long-term debt and lease obligation70,36265,16191,187109,403
Long-term debt, excluding current maturities70,36265,16191,187108,921
Capital lease obligations   482
Liabilities, other than long-term debt126,550154,429149,180147,959
Pension and other postretirement defined benefit plans, liabilities99,67795,839
Deferred tax liabilities, net15,35515,36913,06715,580
Liability, pension and other postretirement and postemployment benefits86,554108,920
Other liabilities24,64130,14036,43636,540
Other undisclosed noncurrent liabilities10,84433,09435,068(482)
Total noncurrent liabilities:207,756252,684275,435256,880
Total liabilities:383,078410,735453,168482,263
Stockholders' equity
Stockholders' equity attributable to parent274,792327,931346,325376,858
Common stock4,6304,5844,5484,476
Treasury stock, value(78,154)(71,520)(71,520)(71,520)
Additional paid in capital427,089441,882434,336424,715
Accumulated other comprehensive income (loss)(40,227)(34,684)2,245795
Retained earnings (accumulated deficit)(38,546)(12,331)(23,284)18,392
Stockholders' equity attributable to noncontrolling interest   688
Total stockholders' equity:274,792327,931346,325377,546
TOTAL LIABILITIES AND EQUITY:657,870738,666799,493859,809

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

Revenue, net587,157662,040689,738690,789
Cost of revenue(342,743)(376,956)(420,647)(419,947)
Gross profit:244,414285,084269,091270,842
Operating expenses(259,815)(246,351)(245,815)(391,303)
Other operating income, net
(Other Nonrecurring (Income) Expense)
Other undisclosed operating loss   (3,907)
Operating income (loss):(15,401)38,73323,276(120,461)
Nonoperating income7831,0781,9273,383
Investment income, nonoperating8061,1801,7633,414
Foreign currency transaction gain, before tax 1,0004,1001,700
Other nonoperating expense(23)(1,102)(3,936)(1,731)
Interest and debt expense(3,957)(4,637)(18,955)(10,647)
Other undisclosed loss from continuing operations before equity method investments, income taxes (1,000)(4,348)(3,357)
Income (loss) from continuing operations before income taxes:(18,575)34,1741,900(131,082)
Income tax expense(7,640)(23,221)(3,671)(7,364)
Income (loss) from continuing operations:(26,215)10,953(1,771)(138,446)
Income (loss) from discontinued operations  68(247)
Income (loss) before gain (loss) on sale of properties:(26,215)10,953(1,703)(138,693)
Other undisclosed net loss  (17,224)(7,712)
Net income (loss):(26,215)10,953(18,927)(146,405)
Net income (loss) attributable to noncontrolling interest  (1)529
Net income (loss) available to common stockholders, diluted:(26,215)10,953(18,928)(145,876)

Comprehensive Income ($ in thousands)

Net income (loss):(26,215)10,953(18,927)(146,405)
Other comprehensive income (loss)(5,543)(36,929)1,766 
Other undisclosed comprehensive loss   (11,945)
Comprehensive loss:(31,758)(25,976)(17,161)(158,350)
Comprehensive loss, net of tax, attributable to noncontrolling interest  (172)(528)
Other undisclosed comprehensive income, net of tax, attributable to parent  3441,056
Comprehensive loss, net of tax, attributable to parent:(31,758)(25,976)(16,989)(157,822)

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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