Lawson Products, Inc. (LAWS) financial statements (2022 and earlier)

Company profile

Business Address 8770 WEST BRYN MAWR AVENUE
CHICAGO, IL 60631
State of Incorp. DE
Fiscal Year End December 31
SIC 508 - Machinery, Equipment, And Supplies (benchmarking)
More info Complete financial analysis Financial benchmarking

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

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 investments4,18128,3935,49511,8834,41610,42110,765
Cash and cash equivalents4,18128,3935,49511,8834,41610,42110,765
Restricted cash and investments198998802800800800800
Receivables47,03144,51538,84337,68238,57530,20027,231
Inventory, net of allowances, customer advances and progress billings73,84961,86755,90552,88750,92842,56144,095
Inventory73,84961,86755,90552,88750,92842,56144,095
Other undisclosed current assets7,5177,2895,3773,6533,7283,7883,667
Total current assets:132,776143,062106,422106,90598,44787,77086,558
Noncurrent Assets
Finance lease, right-of-use asset383518 
Operating lease, right-of-use asset13,6628,246 
Property, plant and equipment 15,80016,54623,54827,33330,90735,487
Long-term investments and receivables8,7848,719     
Long-term investments8,7848,719     
Intangible assets, net (including goodwill)51,47853,67933,25833,19131,4276,253300
Goodwill35,31335,17620,92320,07919,6145,520300
Intangible assets, net (excluding goodwill)16,16518,50312,33513,11211,813733 
Deferred income tax assets20,11118,482 
Other noncurrent assets3463322773072481,039753
Other undisclosed noncurrent assets28,6177,46647,92633,19133,2129,3389,996
Total noncurrent assets:123,381113,24298,00790,23792,22047,53746,536
TOTAL ASSETS:256,157256,304204,429197,142190,667135,307133,094
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities67,77760,75453,10055,38645,43438,59635,418
Accounts payable21,08922,26213,78915,20712,39411,3079,370
Accrued liabilities46,68838,49239,31140,17933,04027,28926,048
Debt154208 16,32314,543841925
Other undisclosed current liabilities4,31337,0333,830(5,500)   
Total current liabilities:72,24497,99556,93066,20959,97739,43736,343
Noncurrent Liabilities
Long-term debt and lease obligation22,7415,7382,271    
Long-term debt, excluding current maturities11,900 2,271    
Finance lease, liability128240 
Operating lease, liability10,7135,498 
Liabilities, other than long-term debt17,58718,88715,88314,13417,79912,97812,307
Deferred revenue and credits1,9633,5123,6763,912
Deferred compensation liability, classified11,96210,4616,3705,3045,4764,8304,626
Deferred tax liabilities, net6,1882,7613,115  
Deferred income tax liabilities1,6712,841 
Other liabilities3,9545,5853,3254,1065,6964,4723,769
Other undisclosed noncurrent liabilities10,57811,26221,34417,62619,40121,75923,180
Total noncurrent liabilities:50,90635,88739,49831,76037,20034,73735,487
Total liabilities:123,150133,88296,42897,96997,17774,17471,830
Stockholders' equity
Stockholders' equity attributable to parent133,007122,422108,00199,17393,49061,13361,264
Common stock9,3639,2889,1909,0068,9218,8658,796
Treasury stock, value(10,033)(9,015)(5,761)(1,234)(711)(691)(515)
Additional paid in capital22,11819,84118,07715,62313,00511,0559,877
Accumulated other comprehensive income (loss)544699(1)(1,560)822(39)(466)
Retained earnings111,015101,60986,49677,33871,45341,94343,572
Total stockholders' equity:133,007122,422108,00199,17393,49061,13361,264
TOTAL LIABILITIES AND EQUITY:256,157256,304204,429197,142190,667135,307133,094

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues417,733351,591370,785349,637305,907276,573275,834
Revenue, net349,637305,907276,573275,834
Cost of revenue
(Cost of Goods and Services Sold)
(198,498)(165,053) (160,097)(122,889)(108,511)(106,710)
Other undisclosed gross profit  (173,431)    
Gross profit:219,235186,538197,354189,540183,018168,062169,124
Operating expenses(207,248)(165,988)(188,288)(180,330)(173,082)(169,519)(167,003)
Operating income (loss):11,98720,5509,0669,2109,936(1,457)2,121
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
8018891,211(1,338)780422(203)
Interest and debt expense(869)(654)(603)(1,009)(622)(496)(766)
Income (loss) from continuing operations before income taxes:11,91920,7859,6746,86310,094(1,531)1,152
Income tax expense (benefit)(2,513)(5,672)(2,453)(649)19,594(98)(855)
Net income (loss) available to common stockholders, diluted:9,40615,1137,2216,21429,688(1,629)297

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):9,40615,1137,2216,21429,688(1,629)297
Comprehensive income (loss):9,40615,1137,2216,21429,688(1,629)297
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(155)7001,559(2,382)861427(1,892)
Comprehensive income (loss), net of tax, attributable to parent:9,25115,8138,7803,83230,549(1,202)(1,595)

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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