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)

12/31/2020
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 investments108814680582424
Cash and cash equivalents108814680582424
Receivables51656867717771
Inventory, net of allowances, customer advances and progress billings83768775698395
Inventory83768775698395
Deferred tax assets    5
Other undisclosed current assets5676666
Total current assets:247228209228204189201
Noncurrent Assets
Property, plant and equipment109112113117122130134
Intangible assets, net (including goodwill), including:34353638434140
Goodwill28272728282523
Intangible assets, net (excluding goodwill)(13)(11)(10)(9)(8)(8)(7)
Other undisclosed intangible assets, net (including goodwill)19191919232524
Other noncurrent assets58588  
Prepaid pension costs6  
Other undisclosed noncurrent assets  54 46
Total noncurrent assets:148155160167179175180
TOTAL ASSETS:394383368395383364381
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities25343438373439
Accounts payable9161716161518
Accrued liabilities55510989
Employee-related liabilities11121312111111
Deferred revenue85
Debt      12
Deferred revenue and credits0124
Other undisclosed current liabilities671481189
Total current liabilities:39454846494364
Noncurrent Liabilities
Liabilities, other than long-term debt372522172194
Accounts payable and accrued liabilities   1   
Liability, pension and other postretirement and postemployment benefits372522162194
Other undisclosed noncurrent liabilities3457102430
Total noncurrent liabilities:40292724313435
Total liabilities:79757570807799
Stockholders' equity
Stockholders' equity attributable to parent316308293325303287282
Common stock5555555
Additional paid in capital11310 3
Accumulated other comprehensive loss(30)(29)(23)(13)(20)(22)(17)
Retained earnings340330309332318304291
Total stockholders' equity:316308293325303287282
TOTAL LIABILITIES AND EQUITY:394383368395383364381

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
Revenues349398414379382406435
Revenue, net379382406435
Cost of revenue
(Cost of Goods and Services Sold)
(259)(296)(304)(281)(290)(314)(327)
Gross profit:90103110999293108
Operating expenses(54)(59) (61)(56)(56)(55)
Other operating expense, net
(Other Expenses)
      (1)
Other undisclosed operating income (loss)  (59)   2
Operating income:36445138363653
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(5)1(0)    
Interest and debt expense(0)(0)(0)(0)(0)(0)(0)
Income from continuing operations before equity method investments, income taxes:31455038363653
Other undisclosed income from continuing operations before income taxes0002111
Income from continuing operations before income taxes:31455039363754
Income tax expense(6)(9)(10)(13)(12)(12)(18)
Net income available to common stockholders, diluted:25364027252536

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:25364027252536
Other comprehensive loss(2)      
Comprehensive income:23364027252536
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (5)(9)82(5)(9)
Comprehensive income, net of tax, attributable to parent:23313135272027

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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