Ducommun Incorporated (DCO) financial statements (2022 and earlier)

Company profile

Business Address 200 SANDPOINTE AVENUE
SANTA ANA, CA 92707
State of Incorp. DE
Fiscal Year End December 31
SIC 3728 - Aircraft Parts and Auxiliary Equipment, Not Elsewhere Classified (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 investments76,31656,46639,58410,2632,1507,4325,454
Cash and cash equivalents76,31656,46639,58410,2632,1507,4325,454
Receivables74,26158,02567,13367,81974,06476,23977,089
Inventory, net of allowances, customer advances and progress billings150,938129,223112,482101,125122,161119,896115,404
Inventory150,938129,223112,482101,125122,161119,896115,404
Contract with customer, asset176,405154,028106,67086,665
Disposal group, including discontinued operation      41,636
Other current assets8,6255,5715,4979,83911,43511,03414,358
Other undisclosed current assets6,0246,9719,40211,67911,20411,34010,290
Total current assets:492,569410,284340,768287,390221,014225,941264,231
Noncurrent Assets
Operating lease, right-of-use asset33,26516,34819,105
Property, plant and equipment102,419109,990115,216107,045110,252101,59096,551
Intangible assets, net (including goodwill)345,458295,574309,279248,149232,128184,127193,175
Goodwill203,694170,830170,917136,057117,43582,55482,554
Intangible assets, net (excluding goodwill)141,764124,744138,362112,092114,693101,573110,621
Deferred income tax assets 3355
Other noncurrent assets5,0245,1186,0065,2513,0983,4857,463
Deferred tax assets, net 261286 
Other undisclosed noncurrent assets   308   
Total noncurrent assets:486,166427,063449,661360,753345,739289,488297,189
TOTAL ASSETS:978,735837,347790,429648,143566,753515,429561,420
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities107,777105,111120,217107,06080,23686,30376,801
Accounts payable66,05963,98082,59769,27451,90757,02440,343
Accrued liabilities41,29140,52637,62037,78628,32929,27936,458
Employee-related liabilities427605     
Deferred revenue42,07728,26414,517
Debt7,0007,0007,0002,330 326
Disposal group, including discontinued operation      6,780
Contract with customer, liability17,145
Other undisclosed current liabilities5,7062,5272,956    
Total current liabilities:162,560142,902144,690126,53580,23686,30683,607
Noncurrent Liabilities
Long-term debt and lease obligation, including:279,384311,922300,887226,961216,055166,896245,000
Long-term debt, excluding current maturities280,712313,638303,000230,670218,100170,000 
Operating lease, liability28,07414,55517,565
Other undisclosed long-term debt and lease obligation(29,402)(16,271)(19,678)(3,709)(2,045)(3,104)245,000
Liabilities, other than long-term debt39,79550,20145,12929,37434,87950,12445,482
Deferred tax liabilities, net 15,98131,41726,528
Deferred income tax liabilities18,72716,99216,766
Liability, pension and other postretirement and postemployment benefits5,68011,56710,6429,622   
Other liabilities15,38821,64217,72119,75218,89818,70718,954
Other undisclosed noncurrent liabilities22,3942,9886,9238,448   
Total noncurrent liabilities:341,573365,111352,939264,783250,934217,020290,482
Total liabilities:504,133508,013497,629391,318331,170303,326374,089
Stockholders' equity
Stockholders' equity attributable to parent474,602329,334292,800256,825235,583212,103187,331
Common stock119117116114113112111
Additional paid in capital104,25397,09088,39983,71280,22376,78375,200
Accumulated other comprehensive loss(7,033)(9,600)(8,268)(7,357)(6,117)(6,079)(5,603)
Retained earnings377,263241,727212,553180,356161,364141,287117,623
Total stockholders' equity:474,602329,334292,800256,825235,583212,103187,331
TOTAL LIABILITIES AND EQUITY:978,735837,347790,429648,143566,753515,429561,420

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
Revenues645,413628,941721,088629,307558,183550,642666,011
Revenue, net558,183550,642666,011
Cost of revenue
(Cost of Goods and Services Sold)
(502,953)(491,203)(568,891)(506,711)(455,363)(444,449)(565,219)
Gross profit:142,460137,738152,197122,596102,820106,193100,792
Operating expenses(93,579)(92,232)(95,964)(98,678)(87,795)(77,625)(176,101)
Operating income (loss):48,88145,50656,23323,91815,02528,568(75,309)
Interest and debt expense(62)(56)(180)(926)  (14,720)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (13,469)(18,290)(12,721)(7,416)9,545(16,561)
Income (loss) from continuing operations before equity method investments, income taxes:48,81931,98137,76310,2717,60938,113(106,590)
Other undisclosed income from continuing operations before income taxes121,665      
Income (loss) from continuing operations before income taxes:170,48431,98137,76310,2717,60938,113(106,590)
Income tax expense (benefit)(34,948)(2,807)(5,302)(1,236)12,468(12,852)33,308
Net income (loss) available to common stockholders, diluted:135,53629,17432,4619,03520,07725,261(73,282)

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 (loss):135,53629,17432,4619,03520,07725,261(73,282)
Other comprehensive income (loss)2,567(1,332)(911)78(38)(476)1,048
Comprehensive income (loss), net of tax, attributable to parent:138,10327,84231,5509,11320,03924,785(72,234)

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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