Graham Corporation (GHM) financial statements (2022 and earlier)

Company profile

Business Address 20 FLORENCE AVE
BATAVIA, NY 14020
State of Incorp. DE
Fiscal Year End March 31
SIC 356 - General Industrial Machinery And Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments13,99165,03273,00377,75376,47973,47465,072
Cash and cash equivalents13,99159,53232,95515,02140,45639,47424,072
Short-term investments 5,50040,04862,73236,02334,00041,000
Receivables39,32017,37815,88518,65518,50411,48314,382
Inventory, net of allowances, customer advances and progress billings20,42817,33222,29124,67011,5669,24610,811
Inventory20,42817,33222,29124,67021,67516,48015,452
Progress payments netted against inventory for long-term contracts or programs    (10,109)(7,234)(4,641)
Contract with customer, asset24,93019,99414,5927,522
Disposal group, including discontinued operation   4,850   
Other undisclosed current assets1,9055129061,3338,85116,52312,465
Total current assets:100,574120,248126,677134,783115,400110,726102,730
Noncurrent Assets
Operating lease, right-of-use asset8,70895243
Property, plant and equipment25,21817,61817,58717,07117,05217,02118,747
Intangible assets, net (including goodwill)32,996   8,31011,00611,186
Goodwill22,823   1,2226,9386,938
Intangible assets, net (excluding goodwill)10,173   7,0884,0684,248
Other noncurrent assets202103153149202177168
Defined benefit plan, assets for plan benefits2,340 
Other undisclosed noncurrent assets28,3826,2163,4604,2672,36910,30010,300
Total noncurrent assets:95,50624,03221,44321,48727,93340,84440,401
TOTAL ASSETS:196,080144,280148,120156,270143,333151,570143,131
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities28,01529,44722,05820,46423,99419,52419,468
Accounts payable14,65017,97214,25312,40516,15110,29510,325
Accrued liabilities5,4144,6283,3522,9332,8853,7233,826
Employee-related liabilities7,9516,1064,4535,1264,9585,1895,317
Taxes payable 741   317 
Deferred revenue27,66514,05926,983
Debt11,77321193518810755
Deferred compensation liability     12074
Disposal group, including discontinued operation   3,525   
Billings in excess of cost 3,7991,189
Contract with customer, liability30,847
Other undisclosed current liabilities1,11446  13,2138,4887,137
Total current liabilities:68,56743,57349,23454,88737,29532,03827,923
Noncurrent Liabilities
Long-term debt and lease obligation24,719711379555143157
Long-term debt, excluding current maturities17,000      
Finance lease, liability173455
Capital lease obligations9555143157
Operating lease, liability7,7023782
Liabilities, other than long-term debt5,2552,7072,0252,3222,6345,2795,671
Deferred tax liabilities, net1,0561,4274,0513,546
Deferred income tax liabilities977635721
Liability, pension and other postretirement and postemployment benefits1,9582,0721,3041,2661,2071,2282,125
Other liabilities2,320      
Total noncurrent liabilities:29,9742,7782,1622,4172,6895,4225,828
Total liabilities:98,54146,35151,39657,30439,98437,46033,751
Stockholders' equity
Stockholders' equity attributable to parent97,53997,92996,72498,966103,349114,110109,380
Common stock1,0811,0751,0691,0651,0581,0551,047
Treasury stock, value(3,085)(12,393)(12,539)(12,390)(12,296)(12,231)(12,319)
Additional paid in capital27,60827,27226,36125,27723,82623,17622,315
Accumulated other comprehensive loss(6,565)(7,397)(9,556)(8,833)(8,250)(8,434)(10,676)
Retained earnings78,50089,37291,38993,84799,011110,544109,013
Total stockholders' equity:97,53997,92996,72498,966103,349114,110109,380
TOTAL LIABILITIES AND EQUITY:196,080144,280148,120156,270143,333151,570143,131

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

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Revenues108,74897,48990,60491,83177,53491,76990,039
Revenue, net77,53491,76990,039
Cost of revenue
(Cost of Goods and Services Sold)
(98,849)(77,020)(72,456)(69,922)(60,204)(69,608)(66,784)
Gross profit:9,89920,46918,14821,90917,33022,16123,255
Operating expenses(19,098)(17,655)(16,879)(24,327)(30,778)(15,488)(16,565)
Other operating income (expense), net962 (617)    
Other expenses  (617)    
Other undisclosed operating loss(548)      
Operating income (loss):(8,785)2,814652(2,418)(13,448)6,6736,690
Nonoperating income4322801,6722,285606386261
Investment income, nonoperating671671,3241,462606386261
Net periodic defined benefits expense (reversal of expense), excluding service cost component365113348823
Interest and debt expense(302)(11)(12)(12)(12)(10)(10)
Income (loss) from continuing operations before equity method investments, income taxes:(8,655)3,0832,312(145)(12,854)7,0496,941
Other undisclosed income from continuing operations before income taxes93184    1,789
Income (loss) from continuing operations before income taxes:(8,562)3,2672,312(145)(12,854)7,0498,730
Income tax expense (benefit)1,602(893)(440)(163)3,010(2,026)(2,599)
Net income (loss) available to common stockholders, diluted:(6,960)2,3741,872(308)(9,844)5,0236,131

Comprehensive Income ($ in thousands)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Net income (loss):(6,960)2,3741,872(308)(9,844)5,0236,131
Other comprehensive income (loss)51350915363(476)(1,364)(1,620)
Comprehensive income (loss):(6,447)2,8832,025(245)(10,320)3,6594,511
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1,4481,650(876)(646)2,4883,606 
Comprehensive income (loss), net of tax, attributable to parent:(4,999)4,5331,149(891)(7,832)7,2654,511

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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