Kaman Corporation (KAMN) financial statements (2022 and earlier)

Company profile

Business Address 1332 BLUE HILLS AVE
BLOOMFIELD, CT 06002
State of Incorp. CT
Fiscal Year End December 31
SIC 376 - Guided Missiles And Space Vehicles And Parts (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 investments14110447228374116
Cash and cash equivalents14110447228374116
Restricted cash and investments 25     
Receivables86157165303316237242
Inventory, net of allowances, customer advances and progress billings193185156295357365357
Inventory193185156295367394386
Progress payments netted against inventory for long-term contracts or programs    (11)(29)(29)
Contract with customer, asset112109122109
Capitalized contract cost1466
Other current assets12121633272732
Other undisclosed current assets22  112929
Total current assets:547598936773748699676
Noncurrent Assets
Finance lease, right-of-use asset  6
Operating lease, right-of-use asset111315
Property, plant and equipment198211140184185177176
Intangible assets, net (including goodwill)379397249436469464497
Goodwill241247195345352338353
Intangible assets, net (excluding goodwill)1381505391117126145
Capitalized contract cost, net108611
Deferred income tax assets1640 
Other noncurrent assets38393732262825
Other undisclosed noncurrent assets  2924285967
Total noncurrent assets:652708482687708728765
TOTAL ASSETS:1,1981,3061,4191,4601,4551,4261,441
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities113167157260230221220
Accounts payable426071159128117121
Accrued liabilities32363855536059
Employee-related liabilities39714347484340
Taxes payable0050210
Deferred revenue33943
Debt344981205
Disposal group, including discontinued operation 18     
Customer advances and deposits91311
Contract with customer, liability29
Other undisclosed current liabilities1      
Total current liabilities:121228204298246354237
Noncurrent Liabilities
Long-term debt and lease obligation197199199284392297436
Long-term debt, excluding current maturities189185182284392297436
Finance lease, liability 46
Operating lease, liability7912
Liabilities, other than long-term debt, including:85675654474551
Deferred revenue1711 
Deferred income tax liabilities77 
Liability, pension and other postretirement and postemployment benefits22 97105127156159
Disposal group, including discontinued operation, liabilities 1     
Other liabilities4048     
Other undisclosed liabilities, other than long-term debt  (41)(51)(80)(112)(108)
Total noncurrent liabilities:281266255338439342487
Total liabilities:402495459637685695724
Temporary equity, carrying amount     2 
Stockholders' equity
Stockholders' equity attributable to parent796746823633636566543
Common stock30303030292828
Treasury stock, value(121)(121)(105)(72)(51)(37)(22)
Additional paid in capital248239228200185171157
Accumulated other comprehensive loss(111)(131)(151)(135)(116)(156)(140)
Retained earnings750729821610588560521
Total stockholders' equity:796746823633636566543
Other undisclosed liabilities and equity 65137191135163174
TOTAL LIABILITIES AND EQUITY:1,1981,3061,4191,4601,4551,4261,441

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
Revenues7097847621,8751,8061,8081,775
Revenue, net1,8061,8081,775
Cost of revenue
(Cost of Goods and Services Sold)
(472)(539)(521)(1,325)(1,258)(1,259)(1,258)
Gross profit:237246241550547549517
Operating expenses(179)(200)(181)(449)(431)(443)(413)
Other undisclosed operating loss(8)(130)(6)(18)(3)  
Operating income (loss):49(84)5383114106105
Nonoperating income (expense)26171121(0)(3)
Net periodic defined benefits expense (reversal of expense), excluding service cost component2616012
Other nonoperating income (expense)01001(0)(3)
Interest and debt expense(16)(19)(17)(20)(21)(16)(13)
Income (loss) from continuing operations before equity method investments, income taxes:60(87)3775949088
Other undisclosed income from continuing operations before income taxes184    
Income (loss) from continuing operations before income taxes:61(78)4175949088
Income tax expense (benefit)(17)816(21)(45)(31)(28)
Net income (loss):44(70)5654505960
Other undisclosed net income attributable to parent 1153    
Net income (loss) available to common stockholders, diluted:44(70)21054505960

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 (loss):44(70)5654505960
Other comprehensive income (loss)(3)(1)(3)4(8)(2)(7)
Comprehensive income (loss):41(72)5458425653
Other undisclosed comprehensive income (loss), net of tax, attributable to parent2222163(23)48(14)(6)
Comprehensive income (loss), net of tax, attributable to parent:63(50)21735904347

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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