Karat Packaging Inc. (KRT) financial statements (2022 and earlier)

Company profile

Business Address 6185 KIMBALL AVENUE
CHINO, 91708
State of Incorp. CA
Fiscal Year End December 31
SIC 3089 - Plastics Products, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,483
Cash and cash equivalents6,483
Receivables32,776
Inventory, net of allowances, customer advances and progress billings58,472
Inventory58,472
Other undisclosed current assets5,141
Total current assets:102,872
Noncurrent Assets
Property, plant and equipment93,475
Intangible assets, net (including goodwill)3,890
Goodwill3,510
Intangible assets, net (excluding goodwill)380
Deposits noncurrent assets6,885
Other noncurrent assets477
Total noncurrent assets:104,727
TOTAL ASSETS:207,599
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities26,368
Accounts payable18,470
Accrued liabilities7,813
Taxes payable85
Deferred revenue1,215
Debt1,178
Due to related parties2,003
Total current liabilities:30,764
Noncurrent Liabilities
Liabilities, other than long-term debt9,471
Deferred income tax liabilities5,634
Other liabilities3,837
Other undisclosed noncurrent liabilities35,339
Total noncurrent liabilities:44,810
Total liabilities:75,574
Stockholders' equity
Stockholders' equity attributable to parent122,900
Common stock20
Treasury stock, value(248)
Additional paid in capital83,694
Retained earnings39,434
Stockholders' equity attributable to noncontrolling interest9,125
Total stockholders' equity:132,025
TOTAL LIABILITIES AND EQUITY:207,599

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

12/31/2021
Revenues364,244
Cost of revenue
(Cost of Goods and Services Sold)
(256,417)
Gross profit:107,827
Operating expenses(84,682)
Operating income:23,145
Nonoperating income4,383
Investment income, nonoperating931
Interest and debt expense5,000
Income from continuing operations before equity method investments, income taxes:32,528
Other undisclosed loss from continuing operations before income taxes(5,000)
Income from continuing operations before income taxes:27,528
Income tax expense(5,089)
Net income:22,439
Net loss attributable to noncontrolling interest(1,661)
Net income available to common stockholders, diluted:20,778

Comprehensive Income ($ in thousands)

12/31/2021
Net income:22,439
Comprehensive income:22,439
Comprehensive loss, net of tax, attributable to noncontrolling interest(1,661)
Comprehensive income, net of tax, attributable to parent:20,778

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: