MGP Ingredients, Inc. (MGPI) financial statements (2022 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)
| 12/31/2021 | 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 investments | 22 | 22 | 3 | 5 | 3 | 2 | 1 | ||
| Cash and cash equivalents | 22 | 22 | 3 | 5 | 3 | 2 | 1 | ||
| Receivables | 98 | 57 | 42 | 39 | 34 | 26 | 31 | ||
| Inventory, net of allowances, customer advances and progress billings | 246 | 141 | 137 | 109 | 93 | 79 | 59 | ||
| Inventory | 246 | 141 | 137 | 109 | 93 | 79 | 59 | ||
| Prepaid expense | 2 | 3 | 2 | 1 | 2 | 2 | 1 | ||
| Other undisclosed current assets | 1 | 2 | 3 | ||||||
| Total current assets: | 367 | 222 | 184 | 155 | 135 | 111 | 91 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 10 | 5 | 6 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 207 | 132 | 128 | 121 | 103 | 93 | 84 | ||
| Long-term investments and receivables | 5 | 19 | 19 | ||||||
| Long-term investments | 5 | 19 | 19 | ||||||
| Intangible assets, net (including goodwill) | 445 | 2 | |||||||
| Goodwill | 226 | 2 | |||||||
| Intangible assets, net (excluding goodwill) | 219 | 0 | |||||||
| Other noncurrent assets | 7 | 7 | 3 | 2 | 3 | 3 | 1 | ||
| Other undisclosed noncurrent assets | (2) | ||||||||
| Total noncurrent assets: | 674 | 144 | 138 | 123 | 106 | 114 | 103 | ||
| TOTAL ASSETS: | 1,041 | 367 | 323 | 278 | 240 | 225 | 194 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 86 | 52 | 39 | 37 | 41 | 29 | 32 | ||
| Accounts payable | 54 | 30 | 30 | 25 | 30 | 20 | 21 | ||
| Accrued liabilities | 25 | 21 | 9 | 12 | 11 | 9 | 10 | ||
| Taxes payable | 7 | 1 | 1 | ||||||
| Debt | 3 | 2 | 0 | 0 | 0 | 4 | 3 | ||
| Other undisclosed current liabilities | 3 | 2 | |||||||
| Total current liabilities: | 89 | 53 | 39 | 37 | 42 | 37 | 38 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 230 | 41 | 41 | 32 | 24 | 32 | 8 | ||
| Long-term debt, excluding current maturities | 35 | 38 | 41 | 21 | 3 | 15 | 23 | ||
| Operating lease, liability | 7 | 3 | 4 | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed long-term debt and lease obligation | 188 | (4) | 11 | 21 | 16 | (15) | |||
| Liabilities, other than long-term debt | 74 | 9 | 9 | 3 | 3 | 7 | 6 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 2 | 3 | 3 | ||
| Deferred revenue | 2 | 1 | ✕ | ✕ | ✕ | ✕ | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | 2 | ✕ | ✕ | ✕ | ||
| Deferred compensation liability, classified | 3 | 1 | |||||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 3 | 3 | ||||
| Deferred income tax liabilities | 66 | 2 | 2 | ✕ | ✕ | ✕ | ✕ | ||
| Other liabilities | 5 | 5 | 4 | 2 | 1 | 0 | 0 | ||
| Other undisclosed noncurrent liabilities | 4 | 3 | 4 | 3 | 4 | 27 | |||
| Total noncurrent liabilities: | 308 | 51 | 52 | 39 | 30 | 42 | 40 | ||
| Total liabilities: | 397 | 104 | 92 | 76 | 72 | 79 | 78 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 645 | 263 | 231 | 201 | 169 | 146 | 116 | ||
| Preferred stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Common stock | 7 | 7 | 7 | 7 | 7 | 7 | 7 | ||
| Treasury stock, value | (22) | (23) | (20) | (19) | (19) | (17) | (16) | ||
| Additional paid in capital | 316 | 16 | 14 | 15 | 14 | 14 | 11 | ||
| Accumulated other comprehensive income (loss) | 0 | 0 | (0) | (0) | (0) | (0) | (1) | ||
| Retained earnings | 344 | 263 | 231 | 199 | 167 | 143 | 115 | ||
| Stockholders' equity attributable to noncontrolling interest | (0) | ||||||||
| Total stockholders' equity: | 644 | 263 | 231 | 201 | 169 | 146 | 116 | ||
| TOTAL LIABILITIES AND EQUITY: | 1,041 | 367 | 323 | 278 | 240 | 225 | 194 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 627 | 396 | 363 | 20 | 23 | 22 | 19 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 347 | 342 | 364 | |
| Financial services revenue | ✕ | ✕ | ✕ | ✕ | 11 | |||
| Cost of revenue (Cost of Goods and Services Sold) | (428) | (297) | (286) | (292) | (271) | (253) | (269) | |
| Other undisclosed gross profit | 356 | 325 | 296 | 309 | ||||
| Gross profit: | 199 | 99 | 77 | 84 | 76 | 65 | 59 | |
| Operating expenses | (57) | (45) | (29) | (33) | (33) | (27) | (26) | |
| Other undisclosed operating income (loss) | (16) | 3 | ||||||
| Operating income: | 126 | 54 | 47 | 50 | 43 | 42 | 33 | |
| Nonoperating expense (Other Nonoperating expense) | (1) | |||||||
| Interest and debt expense | (4) | (2) | (1) | (1) | (1) | (1) | (1) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 4 | 6 | ||||||
| Income from continuing operations before equity method investments, income taxes: | 121 | 52 | 46 | 49 | 42 | 45 | 38 | |
| Loss from equity method investments | (0) | |||||||
| Other undisclosed income from continuing operations before income taxes | 1 | 11 | ||||||
| Income from continuing operations before income taxes: | 121 | 53 | 46 | 49 | 53 | 45 | 38 | |
| Income tax expense | (30) | (12) | (7) | (12) | (11) | (14) | (12) | |
| Net income: | 91 | 40 | 39 | 37 | 42 | 31 | 26 | |
| Net income attributable to noncontrolling interest | 0 | 4 | 6 | |||||
| Other undisclosed net loss attributable to parent | (4) | (6) | ||||||
| Net income attributable to parent: | 91 | 40 | 39 | 37 | 42 | 31 | 26 | |
| Undistributed earnings (loss) allocated to participating securities, basic | (1) | (0) | (0) | (1) | (1) | ✕ | ✕ | |
| Other undisclosed net loss available to common stockholders, basic | (1) | (1) | ||||||
| Net income available to common stockholders, diluted: | 91 | 40 | 39 | 37 | 41 | 30 | 25 | |
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: | 91 | 40 | 39 | 37 | 42 | 31 | 26 | |
| Other comprehensive income (loss) | (0) | (0) | (0) | (0) | 0 | 0 | 0 | |
| Comprehensive income: | 91 | 40 | 39 | 37 | 42 | 31 | 26 | |
| Comprehensive income, net of tax, attributable to noncontrolling interest | 0 | 4 | 6 | |||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 1 | (0) | 0 | (4) | (6) | |||
| Comprehensive income, net of tax, attributable to parent: | 91 | 41 | 39 | 37 | 42 | 31 | 26 | |
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.