Hardinge Inc (HDNG) financial statements (2022 and earlier)

Company profile

Business Address ONE HARDINGE DRIVE
ELMIRA, NY 14902
State of Incorp. NY
Fiscal Year End December 31
SIC 3541 - Machine Tools, Metal Cutting Types (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments44,95828,25532,77416,29334,72226,855
Cash and cash equivalents44,95828,25532,77416,29334,72226,855
Receivables61,80055,57356,94562,87757,13751,871
Inventory, net of allowances, customer advances and progress billings104,502107,018110,232111,821114,064128,000
Inventory104,502107,018110,232111,821114,064128,000
Disposal group, including discontinued operation5,647     
Prepaid expense and other current assets12,580
Deferred tax assets  2,1002,2002,1002,200
Other current assets9,0766,9269,38510,54511,486
Other undisclosed current assets2,7172,923929512,024434
Total current assets:228,700200,695211,528204,687221,533221,940
Noncurrent Assets
Property, plant and equipment50,79056,96162,02565,87474,65671,035
Intangible assets, net (including goodwill)33,06333,30934,63836,91541,92730,321
Goodwill6,6776,5796,6206,6989,8648,497
Intangible assets, net (excluding goodwill)26,38626,73028,01830,21732,06321,824
Other noncurrent assets6,3966,5853,1093,8445,852
Prepaid expense and other noncurrent assets2,358
Deferred tax assets, net   500800600
Other undisclosed noncurrent assets   (500)(800)(600)
Total noncurrent assets:90,24996,85599,772106,633122,435103,714
TOTAL ASSETS:318,949297,550311,300311,320343,968325,654
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities59,42751,70954,57964,70966,87361,038
Accounts payable26,36224,92024,69625,59224,41827,779
Accrued liabilities31,69525,62927,96425,07126,32529,307
Employee-related liabilities   13,40015,300 
Taxes payable1,3701,1601,9196468303,952
Debt 2,9235,6923,9727,8502,873
Deferred tax liabilities  2,1642,3322,5692,980
Customer advances and deposits23,85218,21519,84512,736
Other undisclosed current liabilities   (13,400)7,36627,220
Total current liabilities:83,27972,84782,28070,34984,65894,111
Noncurrent Liabilities
Long-term debt and lease obligation 2,9706,07912,25318,7855,616
Long-term debt, excluding current maturities 2,9706,07912,25318,7855,616
Liabilities, other than long-term debt51,52765,79261,83659,12236,93164,720
Pension and other postretirement defined benefit plans, liabilities28,18850,312
Deferred tax liabilities, net 3,8001,1212,5164,9683,431
Liability, pension and other postretirement and postemployment benefits49,12258,84057,32253,119
Other liabilities2,4053,1523,3933,4873,77510,977
Other undisclosed noncurrent liabilities5,217     
Total noncurrent liabilities:56,74468,76267,91571,37555,71670,336
Total liabilities:140,023141,609150,195141,724140,374164,447
Stockholders' equity
Stockholders' equity attributable to parent178,926155,941161,105169,596203,594161,207
Common stock130129128128125125
Treasury stock, value (104)(202)(46)(806)(9,442)
Additional paid in capital122,140121,015120,524120,538114,951114,072
Accumulated other comprehensive loss(38,226)(54,656)(48,713)(38,801)(1,613)(25,509)
Retained earnings94,88289,55789,36887,77790,93781,961
Total stockholders' equity:178,926155,941161,105169,596203,594161,207
TOTAL LIABILITIES AND EQUITY:318,949297,550311,300311,320343,968325,654

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

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
317,920292,013315,249311,633329,459334,413
Cost of revenue
(Cost of Goods and Services Sold)
(210,352)(194,486)(224,851)(224,755)(236,220)(237,576)
Gross profit:107,56897,52790,39886,87893,23996,837
Operating expenses(98,999)(93,822)(84,829)(102,439)(97,439)(89,254)
Other operating income (expense), net365(310)(632)(514)(471)(479)
Other undisclosed operating income   15,62811,66712,978
Operating income (loss):8,9343,3954,937(447)6,99620,082
Nonoperating expense   (688)  
Investment income, nonoperating   (338)  
Foreign currency transaction loss, before tax   (350)  
Interest and debt expense(417)(555)(655)(737)(1,128)(859)
Other undisclosed income from continuing operations before equity method investments, income taxes16622715674764118
Income (loss) from continuing operations before income taxes:8,6833,0674,438(1,125)5,93219,341
Income tax expense(2,837)(1,843)(1,828)(1,233)(1,537)(1,486)
Net income (loss):5,8461,2242,610(2,358)4,39517,855
Other undisclosed net income attributable to parent   2185,532 
Net income (loss) attributable to parent:5,8461,2242,610(2,140)9,92717,855
Other undisclosed net loss available to common stockholders, basic    (3)(125)
Net income (loss) available to common stockholders, diluted:5,8461,2242,610(2,140)9,92417,730

Comprehensive Income ($ in thousands)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):5,8461,2242,610(2,358)4,39517,855
Other comprehensive income (loss)16,430(5,943)(9,912)(37,382)23,896(3,376)
Other undisclosed comprehensive income    5,532 
Comprehensive income (loss):22,276(4,719)(7,302)(39,740)33,82314,479
Other undisclosed comprehensive income, net of tax, attributable to parent   218  
Comprehensive income (loss), net of tax, attributable to parent:22,276(4,719)(7,302)(39,522)33,82314,479

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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