Gorman-Rupp Company (The) (GRC) financial statements (2021 and earlier)

Company profile

Business Address 600 SOUTH AIRPORT ROAD
MANSFIELD, OH 44901
State of Incorp. OH
Fiscal Year End December 31
SIC 3561 - Pumps and Pumping Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments81468058242431
Cash and cash equivalents81468058242431
Short-term investments      0
Receivables65686771777159
Inventory, net of allowances, customer advances and progress billings76877569839590
Inventory76877569839590
Deferred tax assets    54
Other undisclosed current assets6766665
Total current assets:228209228204189201189
Noncurrent Assets
Property, plant and equipment112113117122130134131
Intangible assets, net (including goodwill), including:35363843414032
Goodwill272728282523 
Intangible assets, net (excluding goodwill)(11)(10)(9)(8)(8)(7)(6)
Other undisclosed intangible assets, net (including goodwill)19191923252437
Other noncurrent assets8588  4
Prepaid pension costs6   
Other undisclosed noncurrent assets 54 460
Total noncurrent assets:155160167179175180166
TOTAL ASSETS:383368395383364381356
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities34343837343938
Accounts payable16171616151818
Accrued liabilities551098910
Employee-related liabilities12131211111111
Deferred revenue5
Debt     129
Deferred revenue and credits01247
Other undisclosed current liabilities714811896
Total current liabilities:45484649436461
Noncurrent Liabilities
Liabilities, other than long-term debt252217219418
Pension and other postretirement defined benefit plans, liabilities18
Accounts payable and accrued liabilities  1    
Liability, pension and other postretirement and postemployment benefits2522162194
Other undisclosed noncurrent liabilities45710243012
Total noncurrent liabilities:29272431343531
Total liabilities:75757080779991
Stockholders' equity
Stockholders' equity attributable to parent308293325303287282264
Common stock5555555
Additional paid in capital1310 33
Accumulated other comprehensive loss(29)(23)(13)(20)(22)(17)(8)
Retained earnings330309332318304291265
Total stockholders' equity:308293325303287282264
TOTAL LIABILITIES AND EQUITY:383368395383364381356

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues398414379382406435392
Revenue, net379382406435392
Cost of revenue
(Cost of Goods and Services Sold)
(296)(304)(281)(290)(314)(327)(298)
Gross profit:10311099929310894
Operating expenses(59) (61)(56)(56)(55)(46)
Other operating income (expense), net
(Other Expenses)
     (1)1
Other undisclosed operating income (loss) (59)   2(6)
Operating income:44513836365342
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
1(0)     
Interest and debt expense(0)(0)(0)(0)(0)(0)(0)
Income from continuing operations before equity method investments, income taxes:45503836365342
Other undisclosed income from continuing operations before income taxes0021113
Income from continuing operations before income taxes:45503936375444
Income tax expense(9)(10)(13)(12)(12)(18)(14)
Net income available to common stockholders, diluted:36402725253630

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:36402725253630
Other comprehensive income      38
Comprehensive income:36402725253668
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(5)(9)82(5)(9)(60)
Comprehensive income, net of tax, attributable to parent:3131352720278

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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