MGP Ingredients, Inc. (MGPI) financial statements (2021 and earlier)

Company profile

Business Address 1300 MAIN ST
ATCHISON, KS 66002
State of Incorp. KS
Fiscal Year End December 31
SIC 518 - Beer, Wine, And Distilled Alcoholic Beverages (benchmarking)
More info Complete financial analysis Financial benchmarking

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

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 investments2235321
Cash and cash equivalents2235321
Receivables574239342631
Inventory, net of allowances, customer advances and progress billings141137109937959
Inventory141137109937959
Prepaid expense321221
Other undisclosed current assets  123 
Total current assets:22218415513511191
Noncurrent Assets
Operating lease, right-of-use asset56
Property, plant and equipment1321281211039384
Long-term investments and receivables    1919
Long-term investments    1919
Intangible assets, net (including goodwill)   2  
Goodwill   2  
Intangible assets, net (excluding goodwill)   0  
Other noncurrent assets732331
Other undisclosed noncurrent assets   (2)  
Total noncurrent assets:144138123106114103
TOTAL ASSETS:367323278240225194
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities523937412932
Accounts payable303025302021
Accrued liabilities2191211910
Taxes payable1    1
Debt200043
Other undisclosed current liabilities    32
Total current liabilities:533937423738
Noncurrent Liabilities
Long-term debt and lease obligation, including:41413224328
Long-term debt, excluding current maturities38412131523
Operating lease, liability34
Other undisclosed long-term debt and lease obligation (4)112116(15)
Liabilities, other than long-term debt993376
Deferred revenue and credits233
Deferred revenue21
Contract with customer, liability2
Deferred compensation liability, classified 1    
Deferred tax liabilities, net  33
Deferred income tax liabilities22
Other liabilities542100
Other undisclosed noncurrent liabilities 343427
Total noncurrent liabilities:515239304240
Total liabilities:1049276727978
Stockholders' equity
Stockholders' equity attributable to parent263231201169146116
Preferred stock000000
Common stock777777
Treasury stock, value(23)(20)(19)(19)(17)(16)
Additional paid in capital161415141411
Accumulated other comprehensive income (loss)0(0)(0)(0)(0)(1)
Retained earnings263231199167143115
Total stockholders' equity:263231201169146116
TOTAL LIABILITIES AND EQUITY:367323278240225194

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues39636320232219
Revenue, net347342364
Financial services revenue11  
Cost of revenue
(Cost of Goods and Services Sold)
(297)(286)(292)(271)(253)(269)
Other undisclosed gross profit  356325296309
Gross profit:997784766559
Operating expenses(45)(29)(33)(33)(27)(26)
Other undisclosed operating income    3 
Operating income:544750434233
Interest and debt expense(2)(1)(1)(1)(1)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes    46
Income from continuing operations before equity method investments, income taxes:524649424538
Loss from equity method investments   (0)  
Other undisclosed income from continuing operations before income taxes1  11  
Income from continuing operations before income taxes:534649534538
Income tax expense(12)(7)(12)(11)(14)(12)
Net income:403937423126
Net income attributable to noncontrolling interest    46
Other undisclosed net loss attributable to parent    (4)(6)
Net income attributable to parent:403937423126
Undistributed earnings (loss) allocated to participating securities, basic(0)(0)(1)(1)
Other undisclosed net loss available to common stockholders, basic    (1)(1)
Net income available to common stockholders, diluted:403937413025

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:403937423126
Other comprehensive income (loss)(0)(0)(0)000
Comprehensive income:403937423126
Comprehensive income, net of tax, attributable to noncontrolling interest    46
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1(0)0 (4)(6)
Comprehensive income, net of tax, attributable to parent:413937423126

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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