Lydall, Inc. (LDL) financial statements (2023 and earlier)

Company profile

Business Address ONE COLONIAL RD
MANCHESTER, CT 06045-0151
State of Incorp. DE
Fiscal Year End December 31
SIC 3714 - Motor Vehicle Parts and Accessories (benchmarking)
More info Complete financial analysis Financial benchmarking

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

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 investments102,17651,33149,23759,87571,93475,90962,051
Cash and cash equivalents102,17651,33149,23759,87571,93475,90962,051
Receivables123,599111,213147,850122,237107,19986,34384,366
Inventory, net of allowances, customer advances and progress billings78,99680,54484,46580,33966,14646,53051,241
Inventory78,99680,54484,46580,33966,14646,53051,241
Contract with customer, asset32,40328,24523,040
Income taxes receivable4,539
Deferred tax assets   4,6135,614
Other undisclosed current assets12,21812,26412,48611,04410,3275,9085,495
Total current assets:349,392283,597317,078273,495255,606219,303213,306
Noncurrent Assets
Finance lease, right-of-use asset210 
Operating lease, right-of-use asset22,24323,116
Property, plant and equipment19,946221,642213,369170,332160,795114,433115,357
Intangible assets, net (including goodwill)182,716249,489333,567109,512105,05322,24029,784
Goodwill87,595133,912196,96368,96963,60616,84121,943
Intangible assets, net (excluding goodwill)95,121115,577136,60440,54341,4475,3997,841
Deferred income tax assets1,2601,933
Other noncurrent assets5,3386,1606,6176,3865,5752,1501,915
Deferred tax assets, net   1341,408
Other undisclosed noncurrent assets194,357 2,0551,146   
Total noncurrent assets:426,070502,340555,608287,376271,423138,957148,464
TOTAL ASSETS:775,462785,937872,686560,871527,029358,260361,770
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities156,413117,287104,184101,82989,81060,67765,322
Accounts payable101,90573,42673,26571,93156,34642,47049,325
Accrued liabilities21,70526,66311,20311,69012,9886,797 
Employee-related liabilities24,58917,19816,62115,97814,01610,21014,550
Taxes payable8,214 3,0952,2306,4601,2001,447
Deferred revenue 2,643
Debt9,7899,92810,172277634323615
Derivative instruments and hedges, liabilities11,996      
Restructuring reserve9,431      
Contract with customer, liability6,990
Other undisclosed current liabilities      7,140
Total current liabilities:187,629129,858121,346102,10690,44461,00073,077
Noncurrent Liabilities
Long-term debt and lease obligation, including:260,649281,137314,64176,913128,14120,15640,315
Long-term debt, excluding current maturities 262,713314,64176,913128,14120,15640,315
Operating lease, liability17,94718,424
Other undisclosed long-term debt and lease obligation242,702      
Liabilities, other than long-term debt51,54156,52228,15913,74219,13931,87935,779
Pension and other postretirement defined benefit plans, liabilities19,142
Deferred tax liabilities, net   14,99713,867
Deferred income tax liabilities27,17434,561
Liability, pension and other postretirement and postemployment benefits21,69118,95722,7959,74314,72914,222 
Other liabilities2,6763,0045,3643,9994,4102,6602,770
Total noncurrent liabilities:312,190337,659342,80090,655147,28052,03576,094
Total liabilities:499,819467,517464,146192,761237,724113,035149,171
Stockholders' equity
Stockholders' equity attributable to parent257,696318,420369,275353,396273,456245,225212,599
Common stock2562532532502492472,463
Treasury stock, value(90,892)(90,623)(90,469)(89,495)(86,696)(85,541)(76,763)
Additional paid in capital99,77094,14090,85188,00682,38776,74668,961
Accumulated other comprehensive loss(18,342)(25,979)(42,685)(20,148)(47,950)(34,585)(24,161)
Retained earnings266,904340,629411,325374,783325,466288,358242,099
Total stockholders' equity:257,696318,420369,275353,396273,456245,225212,599
Other undisclosed liabilities and equity17,947 39,26514,71415,849  
TOTAL LIABILITIES AND EQUITY:775,462785,937872,686560,871527,029358,260361,770

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues764,041837,398785,897698,437566,852524,505535,829
Revenue, net698,437566,852524,505535,829
Cost of revenue
(Cost of Goods and Services Sold)
(619,166)(685,608)(633,252)(535,375)(428,310)(402,008)(420,851)
Gross profit:144,875151,790152,645163,062138,542122,497114,978
Operating expenses(206,940)(190,615)(103,457)(97,635)(83,750)(70,020)(112,731)
Other undisclosed operating income      31,801
Operating income (loss):(62,065)(38,825)49,18865,42754,79252,47734,048
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(2,166)1,257289(1,388)1,215654701
Interest and debt expense(15,979)(14,262)(6,212)(2,720)(1,068)(755)(1,093)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(385)(25,247)   18,647 
Income (loss) from continuing operations before equity method investments, income taxes:(80,595)(77,077)43,26561,31954,93971,02333,656
Income (loss) from equity method investments37148132(28)69  
Other undisclosed income (loss) from continuing operations before income taxes(37)(148)(132)28(69)  
Income (loss) from continuing operations before income taxes:(80,595)(77,077)43,26561,31954,93971,02333,656
Income tax expense (benefit)6,8336,416(8,453)(11,974)(17,821)(24,764)(11,809)
Net income (loss):(73,762)(70,661)34,81249,34537,11846,25921,847
Other undisclosed net income (loss) attributable to parent37148132(28)69  
Net income (loss) available to common stockholders, diluted:(73,725)(70,513)34,94449,31737,18746,25921,847

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(73,762)(70,661)34,81249,34537,11846,25921,847
Other comprehensive income (loss)7,63716,706(22,537)27,802(13,365)(10,424)(15,317)
Comprehensive income (loss):(66,125)(53,955)12,27577,14723,75335,8356,530
Other undisclosed comprehensive income (loss), net of tax, attributable to parent37148132(28)69  
Comprehensive income (loss), net of tax, attributable to parent:(66,088)(53,807)12,40777,11923,82235,8356,530

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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