Kadant Inc (KAI) financial statements (2022 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)

12/31/2021
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 investments91666746757166
Cash and cash equivalents91666746757166
Receivables1179296108926971
Inventory, net of allowances, customer advances and progress billings13410710386855557
Inventory13410710386855557
Other current assets30171812121011
Other undisclosed current assets129150121
Total current assets:384290298253266207205
Noncurrent Assets
Finance lease, right-of-use asset22 
Operating lease, right-of-use asset2725 
Property, plant and equipment  8680804842
Intangible assets, net (including goodwill)596513510372401204157
Goodwill397352336258268151119
Intangible assets, net (excluding goodwill)1991611741131335338
Other noncurrent assets44404621141111
Other undisclosed noncurrent assets7958     
Total noncurrent assets:748638642473495263210
TOTAL ASSETS:1,132928939726761471415
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities96637867654749
Accounts payable59324636352424
Employee-related liabilities37313231302120
Taxes payable     35
Debt513   5
Billings in excess of cost7  
Customer advances and deposits302120
Other liabilities49323028292022
Other undisclosed current liabilities7138353411 
Total current liabilities:2211351461291328997
Noncurrent Liabilities
Long-term debt and lease obligation, including:2642322981742416626
Long-term debt, excluding current maturities      26
Finance lease, liability111
Operating lease, liability202224
Other undisclosed long-term debt and lease obligation24320927317424166 
Liabilities, other than long-term debt81646825261725
Deferred tax liabilities, net   9
Deferred income tax liabilities352220
Other liabilities46424825261716
Other undisclosed noncurrent liabilities   232915(25)
Total noncurrent liabilities:3452963662222969726
Other undisclosed liabilities      25
Total liabilities:567431512351429186148
Stockholders' equity
Stockholders' equity attributable to parent564495426373331283267
Common stock0000000
Treasury stock, value(74)(76)(79)(86)(89)(90)(94)
Additional paid in capital116111107105103101101
Accumulated other comprehensive loss(30)(19)(38)(39)(27)(50)(37)
Retained earnings552479435394343321297
Stockholders' equity attributable to noncontrolling interest2212221
Total stockholders' equity:566497427375333284268
TOTAL LIABILITIES AND EQUITY:1,132928939726761471415

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues787635705634515414390
Revenue, net515414390
Cost of revenue(450)(358)(411)(357)(284)(226)(210)
Cost of goods and services sold(449)(358)(411)(356)(284)(226)(210)
Gross profit:337277294277231188180
Operating expenses(220)(196)(206)(188)(170)(143)(129)
Other undisclosed operating income     0 
Operating income:117818889614650
Nonoperating income (expense)0(0)(6)(2)000
Investment income, nonoperating0000000
Foreign currency transaction loss, before tax (0)     
Other nonoperating expense(0)(0)(6)(2)   
Interest and debt expense(5)(7)(13)(7)(4)(1)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes 0     
Income from continuing operations before income taxes:112746980584549
Income tax expense(27)(18)(16)(18)(26)(12)(15)
Income from continuing operations:85565361323235
Income from discontinued operations     00
Net income:85565361323235
Net loss attributable to noncontrolling interest(1)(1)(0)(1)(0)(0)(0)
Net income available to common stockholders, diluted:84555260313234

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:85565361323235
Other comprehensive income (loss)(11)182(13)23(13)(20)
Comprehensive income:74745448552015
Comprehensive loss, net of tax, attributable to noncontrolling interest(1)(1)(0)(1)(1)(0)(0)
Comprehensive income, net of tax, attributable to parent:73735448541915

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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