Eastern Company (The) (EML) financial statements (2021 and earlier)

Company profile

Business Address 112 BRIDGE ST
NAUGATUCK, CT 06770
State of Incorp. CT
Fiscal Year End December 31
SIC 342 - Cutlery, Handtools, And General Hardware (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16181422231816
Cash and cash equivalents16181422231816
Short-term investments00     
Receivables(0)383127181817
Inventory, net of allowances, customer advances and progress billings53555347343734
Inventory53555347343734
Other undisclosed current assets43433334
Total current assets:112115101100787571
Noncurrent Assets
Operating lease, right-of-use asset1312
Property, plant and equipment40423029262728
Intangible assets, net (including goodwill)10911149   18
Goodwill778035   15
Intangible assets, net (excluding goodwill)333214   3
Other noncurrent assets   47202022
Other undisclosed noncurrent assets2 1   (18)
Total noncurrent assets:1641668076474650
TOTAL ASSETS:276281181176124122121
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities31272623121412
Accounts payable24201815798
Accrued liabilities4334221
Employee-related liabilities4444333
Debt6527111
Business combination, contingent consideration, liability  22   
Other undisclosed current liabilities3      
Total current liabilities:41323031131513
Noncurrent Liabilities
Long-term debt and lease obligation921062629123
Long-term debt, excluding current maturities82942629123
Operating lease, liability1012
Liabilities, other than long-term debt36372830282530
Deferred tax liabilities, net22   
Deferred income tax liabilities 5
Liability, pension and other postretirement and postemployment benefits34302627282529
Other liabilities1200001
Other undisclosed noncurrent liabilities3      
Total noncurrent liabilities:1311435458292733
Total liabilities:1711758490424246
Stockholders' equity
Stockholders' equity attributable to parent, including:1041059787827975
Common stock32313030292929
Treasury stock, value21(20)(20)(19)(19)(19)(19)
Accumulated other comprehensive loss(29)(25)(23)(21)(23)(21)(23)
Retained earnings12312011098969188
Other undisclosed stockholders' equity attributable to parent(41)      
Total stockholders' equity:1041059787827975
TOTAL LIABILITIES AND EQUITY:276281181176124122121

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues240252234204138145141
Revenue, net204138145141
Cost of revenue
(Cost of Goods and Services Sold)
(187)(190)(176)(154)(103)(112)(108)
Gross profit:54625950343232
Operating expenses(44)(42)(41)(32)(23)(24)(22)
Other undisclosed operating income (loss)(3)(3) (6)  1
Operating income:717181211812
Nonoperating income2110000
Investment income, nonoperating2      
Interest and debt expense(3)(2)(1)(1)(0)(0)(0)
Income from continuing operations before income taxes:616181111812
Income tax expense(1)(3)(3)(6)(3)(2)(4)
Net income available to common stockholders, diluted:513155868

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:513155868
Other comprehensive income (loss)(4)110(1)26
Comprehensive income:1141557813
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (3)(2)2(2)(0)(17)
Comprehensive income (loss), net of tax, attributable to parent:11113767(4)

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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