Hamilton Beach Brands Holding Company (HBB) financial statements (2022 and earlier)

Company profile

Business Address 4421 WATERFRONT DRIVE
GLEN ALLEN, VA 23060
State of Incorp. DE
Fiscal Year End December 31
SIC 3634 - Electric Housewares and Fans (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,1252,4152,1426,35210,906
Cash and cash equivalents1,1252,4152,1426,35210,906
Restricted cash and investments48208   
Receivables    (15,341)
Inventory, net of allowances, customer advances and progress billings183,382173,962109,806144,691134,744
Inventory183,382173,962109,806144,691134,744
Disposal group, including discontinued operation  5,383  
Other undisclosed current assets133,805159,707119,726127,106138,276
Total current assets:318,360336,292237,057278,149268,585
Noncurrent Assets
Property, plant and equipment30,48523,49022,32422,63019,083
Intangible assets, net (including goodwill)7,9458,1459,39410,77212,153
Goodwill6,2536,2536,2536,2536,253
Intangible assets, net (excluding goodwill)1,6921,8923,1414,5195,900
Disposal group, including discontinued operation, noncurrent assets  614  
Deferred costs18,70313,44910,9418,01210,466
Deferred income tax assets4,0066,9656,248
Other noncurrent assets3,0052,8272,0852,7013,121
Other undisclosed noncurrent assets   8,16312,825
Total noncurrent assets:64,14454,87651,60652,27857,648
TOTAL ASSETS:382,504391,168288,663330,427326,233
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities143,631168,035126,375160,305171,732
Accounts payable131,912152,054111,348132,968143,012
Accrued liabilities   10,31411,418
Employee-related liabilities11,71915,98115,02717,02317,302
Debt  23,49711,62431,346
Disposal group, including discontinued operation  29,723  
Customer refund liability6,4296,8538,69710,941 
Other liabilities14,11623,67712,53421,61218,679
Other undisclosed current liabilities 5054962,4199,189
Total current liabilities:164,176199,070201,322206,901230,946
Noncurrent Liabilities
Long-term debt and lease obligation96,83798,36035,00035,00020,000
Long-term debt, excluding current maturities96,83798,36035,00035,00020,000
Liabilities, other than long-term debt19,21213,63316,07523,08828,879
Other liabilities19,21213,63316,07523,08828,879
Total noncurrent liabilities:116,049111,99351,07558,08848,879
Total liabilities:280,225311,063252,397264,989279,825
Stockholders' equity
Stockholders' equity attributable to parent, including:102,27980,10536,26665,43846,408
Treasury stock, value(5,960)(5,960)(5,960)  
Additional paid in capital61,58658,48554,50951,71447,773
Accumulated other comprehensive loss(14,243)(17,476)(16,132)(17,310)(14,104)
Retained earnings60,75344,9153,71030,89712,603
Other undisclosed stockholders' equity attributable to parent143141139137136
Total stockholders' equity:102,27980,10536,26665,43846,408
TOTAL LIABILITIES AND EQUITY:382,504391,168288,663330,427326,233

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues658,394603,713611,786743,179740,749
Cost of revenue
(Cost of Goods and Services Sold)
(521,892)(465,059)(483,234)(554,167)(546,928)
Gross profit:136,502138,654128,552189,012193,821
Operating expenses(104,963)(101,239)(101,758)(156,693)(155,686)
Operating income:31,53937,41526,79432,31938,135
Nonoperating income (expense)272(1,685)358(1,013)(2,058)
Other nonoperating income (expense)272(1,685)358(1,013)(227)
Interest and debt expense(2,854)(1,998)(2,975)(3,277)(1,831)
Other undisclosed income from continuing operations before equity method investments, income taxes    1,831
Income from continuing operations before income taxes:28,95733,73224,17728,02936,077
Income tax expense(7,651)(9,665)(9,084)(6,245)(18,172)
Net income:21,30624,06715,09321,78417,905
Other undisclosed net income (loss) attributable to parent 22,191(28,600)  
Net income (loss) available to common stockholders, diluted:21,30646,258(13,507)21,78417,905

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:21,30624,06715,09321,78417,905
Other comprehensive income (loss)(1,185)(633) 663(643)
Comprehensive income:20,12123,43415,09322,44717,262
Other undisclosed comprehensive income (loss), net of tax, attributable to parent4,41821,480(27,631)(2,701)3,040
Comprehensive income (loss), net of tax, attributable to parent:24,53944,914(12,538)19,74620,302

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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