Kadant Inc (KAI) financial statements (2021 and earlier)

Company profile

Business Address ONE TECHNOLOGY PARK DRIVE
WESTFORD, MA 01886
State of Incorp. DE
Fiscal Year End December 31
SIC 355 - Special Industry Machinery, Except Metalworking (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 investments67467571664550
Cash and cash equivalents67467571664550
Receivables961089269716474
Inventory, net of allowances, customer advances and progress billings103868555575563
Inventory103868555575563
Disposal group, including discontinued operation     00
Prepaid expense and other current assets19
Deferred tax assets    10 
Other current assets18121210119 
Other undisclosed current assets15012100
Total current assets:298253266207205184206
Noncurrent Assets
Property, plant and equipment86808048424545
Intangible assets, net (including goodwill)510372401204157175180
Goodwill336258268151119128132
Intangible assets, net (excluding goodwill)17411313353384748
Regulated entity, other noncurrent assets     11
Other noncurrent assets462114111110 
Prepaid expense and other noncurrent assets11
Other undisclosed noncurrent assets     (1)(1)
Total noncurrent assets:642473495263210230236
TOTAL ASSETS:939726761471415414442
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities78676547494748
Accounts payable46363524242728
Employee-related liabilities32313021202019
Taxes payable   35  
Debt3   511
Disposal group, including discontinued operation     00
Deferred revenue and credits    4
Billings in excess of cost7    
Customer advances and deposits30212018
Other liabilities30282920222114
Other undisclosed current liabilities353411  33
Total current liabilities:146129132899787100
Noncurrent Liabilities
Long-term debt and lease obligation, including:29817424166262538
Long-term debt, excluding current maturities    262538
Finance lease, liability1
Operating lease, liability24
Other undisclosed long-term debt and lease obligation27317424166   
Liabilities, other than long-term debt68252617253634
Deferred tax liabilities, net   91917
Deferred income tax liabilities20
Other liabilities48252617161716
Other undisclosed noncurrent liabilities 232915(25)(36)(34)
Total noncurrent liabilities:36622229697262538
Other undisclosed liabilities    253634
Total liabilities:512351429186148148172
Stockholders' equity
Stockholders' equity attributable to parent426373331283267264269
Common stock0000000
Treasury stock, value(79)(86)(89)(90)(94)(88)(76)
Additional paid in capital1071051031011019997
Accumulated other comprehensive income (loss)(38)(39)(27)(50)(37)(17)1
Retained earnings435394343321297270248
Stockholders' equity attributable to noncontrolling interest1222111
Total stockholders' equity:427375333284268265270
TOTAL LIABILITIES AND EQUITY:939726761471415414442

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
Revenues705634515414390402344
Revenue, net515414390402344
Cost of revenue(411)(357)(284)(226)(210)(224)(187)
Cost of goods and services sold(411)(356)(284)(226)(210)(224)(187)
Gross profit:294277231188180178158
Operating expenses(206)(188)(170)(143)(129)(141)(127)
Other undisclosed operating income   0 53
Operating income:88896146504233
Nonoperating income (expense)(6)(2)00001
Investment income, nonoperating0000001
Other nonoperating expense(6)(2)     
Interest and debt expense(13)(7)(4)(1)(1)(1)(1)
Income from continuing operations before income taxes:69805845494233
Income tax expense(16)(18)(26)(12)(15)(12)(9)
Income from continuing operations:53613232352924
Income (loss) from discontinued operations   00(0)(0)
Net income:53613232352924
Net loss attributable to noncontrolling interest(0)(1)(0)(0)(0)(0)(0)
Net income available to common stockholders, diluted:52603132342923

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:53613232352924
Other comprehensive income (loss)2(13)23(13)(20)(18)4
Comprehensive income:54485520151128
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(1)(1)(0)(0)(0)0
Other undisclosed comprehensive loss, net of tax, attributable to parent      (1)
Comprehensive income, net of tax, attributable to parent:54485419151127

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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