Checkpoint Systems Inc (CKP) Financial Statements (2024 and earlier)

Company Profile

Business Address 101 WOLF DRIVE
THOROFARE, NJ 08086
State of Incorp. PA
Fiscal Year End December 31
Industry (SIC) 3669 - Communications Equipment, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2016
MRQ
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 124,289135,537121,573118,829
Cash and cash equivalents 124,289135,537121,573118,829
Receivables 113,698131,720167,864177,173
Inventory, net of allowances, customer advances and progress billings 82,12691,86083,52182,154
Inventory 82,12691,86083,52182,154
Disposal group, including discontinued operation    29,864
Prepaid expense and other current assets29,11936,147
Other current assets 20,81925,928 
Other undisclosed current assets  5,5579,1088,930
Total current assets: 340,932390,602411,185453,097
Noncurrent Assets
Property, plant and equipment 75,86476,33275,067107,184
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
Goodwill 164,110173,569185,864182,741
Intangible assets, net (excluding goodwill) 47,777129,88056,79053,439
Deferred costs  1,7002,1002,600
Other noncurrent assets 4,3296,882 
Prepaid expense and other noncurrent assets9,81313,246
Other undisclosed noncurrent assets 24,858(41,699)55,17441,502
Total noncurrent assets: 316,938348,064388,308406,712
TOTAL ASSETS: 657,870738,666799,493859,809
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 121,250121,921135,563154,172
Taxes payable 1,8241,2782,4392,560
Employee-related liabilities 22,32127,51124,34128,258
Accounts payable 50,64748,92867,20368,929
Accrued liabilities 46,45844,20441,58054,425
Debt 2792364354,367
Restructuring reserve 8,6646,255
Disposal group, including discontinued operation    9,688
Customer refund liability 10,50012,50011,10015,200
Deferred revenue and credits 6,2627,6639,01117,035
Other liabilities 13,98217,50419,53625,855
Other undisclosed current liabilities 14,385(8,028)2,088(934)
Total current liabilities: 175,322158,051177,733225,383
Noncurrent Liabilities
Long-term debt and lease obligation 70,36265,16191,187109,403
Long-term debt, excluding current maturities 70,36265,16191,187108,921
Capital lease obligations    482
Liabilities, other than long-term debt 126,550154,429149,180147,959
Pension and other postretirement defined benefit plans, liabilities99,67795,839
Deferred tax liabilities, net 15,35515,36913,06715,580
Liability, pension and other postretirement and postemployment benefits 86,554108,920
Other liabilities 24,64130,14036,43636,540
Other undisclosed noncurrent liabilities 10,84433,09435,068(482)
Total noncurrent liabilities: 207,756252,684275,435256,880
Total liabilities: 383,078410,735453,168482,263
Equity
Equity, attributable to parent 274,792327,931346,325376,858
Common stock 4,6304,5844,5484,476
Treasury stock, value (78,154)(71,520)(71,520)(71,520)
Additional paid in capital 427,089441,882434,336424,715
Accumulated other comprehensive income (loss) (40,227)(34,684)2,245795
Retained earnings (accumulated deficit) (38,546)(12,331)(23,284)18,392
Equity, attributable to noncontrolling interest    688
Total equity: 274,792327,931346,325377,546
TOTAL LIABILITIES AND EQUITY: 657,870738,666799,493859,809

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

3/31/2016
TTM
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues 587,157662,040689,738690,789
Revenue, net 587,157662,040689,738690,789
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)
    3,907
Other undisclosed operating loss    (3,907)
Operating income (loss): (15,401)38,73323,276(120,461)
Nonoperating income 7831,0781,9273,383
Investment income, nonoperating 8061,1801,7633,414
Gain, foreign currency transaction, 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) before gain (loss) on sale of properties: (26,215)10,953(1,703)(138,693)
Income (loss) from discontinued operations   68(247)
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)

3/31/2016
TTM
12/31/2015
12/31/2014
12/31/2013
12/31/2012
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 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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