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)

12/31/2020
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 investments66674675716645
Cash and cash equivalents66674675716645
Receivables929610892697164
Inventory, net of allowances, customer advances and progress billings1071038685555755
Inventory1071038685555755
Disposal group, including discontinued operation      0
Deferred tax assets    10
Other current assets1718121210119
Other undisclosed current assets91501210
Total current assets:290298253266207205184
Noncurrent Assets
Finance lease, right-of-use asset2 
Operating lease, right-of-use asset25 
Property, plant and equipment 868080484245
Intangible assets, net (including goodwill)513510372401204157175
Goodwill352336258268151119128
Intangible assets, net (excluding goodwill)161174113133533847
Regulated entity, other noncurrent assets      1
Other noncurrent assets40462114111110
Other undisclosed noncurrent assets58     (1)
Total noncurrent assets:638642473495263210230
TOTAL ASSETS:928939726761471415414
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities63786765474947
Accounts payable32463635242427
Employee-related liabilities31323130212020
Taxes payable    35 
Debt13   51
Disposal group, including discontinued operation      0
Billings in excess of cost7   
Customer advances and deposits30212018
Other liabilities32302829202221
Other undisclosed current liabilities38353411  
Total current liabilities:135146129132899787
Noncurrent Liabilities
Long-term debt and lease obligation, including:232298174241662625
Long-term debt, excluding current maturities     2625
Finance lease, liability11
Operating lease, liability2224
Other undisclosed long-term debt and lease obligation20927317424166  
Liabilities, other than long-term debt64682526172536
Deferred tax liabilities, net   919
Deferred income tax liabilities2220
Other liabilities42482526171617
Other undisclosed noncurrent liabilities  232915(25)(36)
Total noncurrent liabilities:296366222296972625
Other undisclosed liabilities     2536
Total liabilities:431512351429186148148
Stockholders' equity
Stockholders' equity attributable to parent495426373331283267264
Common stock0000000
Treasury stock, value(76)(79)(86)(89)(90)(94)(88)
Additional paid in capital11110710510310110199
Accumulated other comprehensive loss(19)(38)(39)(27)(50)(37)(17)
Retained earnings479435394343321297270
Stockholders' equity attributable to noncontrolling interest2122211
Total stockholders' equity:497427375333284268265
TOTAL LIABILITIES AND EQUITY:928939726761471415414

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
Revenues635705634515414390402
Revenue, net515414390402
Cost of revenue(358)(411)(357)(284)(226)(210)(224)
Cost of goods and services sold(358)(411)(356)(284)(226)(210)(224)
Gross profit:277294277231188180178
Operating expenses(196)(206)(188)(170)(143)(129)(141)
Other undisclosed operating income    0 5
Operating income:81888961465042
Nonoperating income (expense)(0)(6)(2)0000
Investment income, nonoperating0000000
Foreign currency transaction loss, before tax(0)      
Other nonoperating expense(0)(6)(2)    
Interest and debt expense(7)(13)(7)(4)(1)(1)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes0      
Income from continuing operations before income taxes:74698058454942
Income tax expense(18)(16)(18)(26)(12)(15)(12)
Income from continuing operations:56536132323529
Income (loss) from discontinued operations    00(0)
Net income:56536132323529
Net loss attributable to noncontrolling interest(1)(0)(1)(0)(0)(0)(0)
Net income available to common stockholders, diluted:55526031323429

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:56536132323529
Other comprehensive income (loss)182(13)23(13)(20)(18)
Comprehensive income:74544855201511
Comprehensive loss, net of tax, attributable to noncontrolling interest(1)(0)(1)(1)(0)(0)(0)
Comprehensive income, net of tax, attributable to parent:73544854191511

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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