Gorman-Rupp Company (The) (GRC) financial statements (2022 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 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 investments125,194108,20380,55546,45879,68057,60423,724
Cash and cash equivalents125,194108,20380,55546,45879,68057,60423,724
Receivables58,54550,76365,43367,71467,36971,42476,758
Inventory, net of allowances, customer advances and progress billings85,64882,68675,99787,38774,96769,04982,818
Inventory85,64882,68675,99787,38774,96769,04982,818
Other undisclosed current assets7,7955,1695,6807,1275,9185,8236,091
Total current assets:277,182246,821227,665208,686227,934203,900189,391
Noncurrent Assets
Property, plant and equipment104,293108,666111,779113,493117,071122,067129,887
Intangible assets, net (including goodwill), including:33,08634,17534,99636,18537,91842,87141,063
Goodwill27,24327,53727,21527,23427,55128,03024,559
Intangible assets, net (excluding goodwill)(13,201)(12,527)(11,164)(10,103)(8,933)(8,396)(8,419)
Other undisclosed intangible assets, net (including goodwill)19,04419,16518,94519,05419,30023,23724,923
Other noncurrent assets6,1934,7958,3205,1017,7797,769 
Prepaid pension costs6,211 
Other undisclosed noncurrent assets   4,8174,313 3,860
Total noncurrent assets:143,572147,636155,095159,596167,081178,918174,810
TOTAL ASSETS:420,754394,457382,760368,282395,015382,818364,201
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities35,07624,87333,55034,01137,64736,82833,769
Accounts payable17,6339,46616,03016,67815,79816,30614,529
Accrued liabilities5,6894,5825,3484,6829,8229,1868,369
Employee-related liabilities11,75410,82512,17212,65112,02711,33610,871
Deferred revenue9,2008,0044,911
Deferred revenue and credits4601,3611,741
Other undisclosed current liabilities8,1645,6247,03414,4547,58911,1637,950
Total current liabilities:52,44038,50145,49548,46545,69649,35243,460
Noncurrent Liabilities
Liabilities, other than long-term debt36,70137,48225,49321,85317,13720,7099,309
Accounts payable and accrued liabilities    1,400  
Liability, pension and other postretirement and postemployment benefits36,70137,48225,49321,85315,73720,7099,309
Other undisclosed noncurrent liabilities1,6372,9613,8944,8326,6879,86924,411
Total noncurrent liabilities:38,33840,44329,38726,68523,82430,57833,720
Total liabilities:90,77878,94474,88275,15069,52079,93077,180
Stockholders' equity
Stockholders' equity attributable to parent329,976315,513307,878293,132325,495302,888287,021
Common stock5,0995,0995,0915,1025,1005,0975,095
Additional paid in capital1,8386931,1472,539526215 
Accumulated other comprehensive loss(30,330)(30,377)(28,537)(23,423)(12,509)(20,465)(22,415)
Retained earnings353,369340,098330,177308,914332,378318,041304,341
Total stockholders' equity:329,976315,513307,878293,132325,495302,888287,021
TOTAL LIABILITIES AND EQUITY:420,754394,457382,760368,282395,015382,818364,201

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
Revenues378,316348,967398,179414,334379,389382,071406,150
Revenue, net379,389382,071406,150
Cost of revenue
(Cost of Goods and Services Sold)
(282,419)(259,412)(295,504)(304,413)(280,644)(290,046)(313,570)
Gross profit:95,89789,555102,675109,92198,74592,02592,580
Operating expenses(56,541)(53,802)(58,835) (60,887)(56,328)(56,189)
Other undisclosed operating loss   (59,282)   
Operating income:39,35635,75343,84050,63937,85835,69736,391
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(2,108)(4,507)1,326(323)   
Interest and debt expense(100)(18)(1)(1)(17)(20)(122)
Income from continuing operations before equity method investments, income taxes:37,14831,22845,16550,31537,84135,67736,269
Other undisclosed income from continuing operations before income taxes10018111,537805997
Income from continuing operations before income taxes:37,24831,24645,16650,31639,37836,48237,266
Income tax expense(7,397)(6,058)(9,351)(10,337)(12,823)(11,599)(12,157)
Net income available to common stockholders, diluted:29,85125,18835,81539,97926,55524,88325,109

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:29,85125,18835,81539,97926,55524,88325,109
Other comprehensive income (loss)47(1,840)     
Comprehensive income:29,89823,34835,81539,97926,55524,88325,109
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  (5,114)(8,844)7,9561,950(5,089)
Comprehensive income, net of tax, attributable to parent:29,89823,34830,70131,13534,51126,83320,020

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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