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 investments222235321
Cash and cash equivalents222235321
Receivables98574239342631
Inventory, net of allowances, customer advances and progress billings246141137109937959
Inventory246141137109937959
Prepaid expense2321221
Other undisclosed current assets   123 
Total current assets:36722218415513511191
Noncurrent Assets
Operating lease, right-of-use asset1056
Property, plant and equipment2071321281211039384
Long-term investments and receivables5    1919
Long-term investments5    1919
Intangible assets, net (including goodwill)445   2  
Goodwill226   2  
Intangible assets, net (excluding goodwill)219   0  
Other noncurrent assets7732331
Other undisclosed noncurrent assets    (2)  
Total noncurrent assets:674144138123106114103
TOTAL ASSETS:1,041367323278240225194
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities86523937412932
Accounts payable54303025302021
Accrued liabilities252191211910
Taxes payable71    1
Debt3200043
Other undisclosed current liabilities     32
Total current liabilities:89533937423738
Noncurrent Liabilities
Long-term debt and lease obligation, including:23041413224328
Long-term debt, excluding current maturities3538412131523
Operating lease, liability734
Other undisclosed long-term debt and lease obligation188 (4)112116(15)
Liabilities, other than long-term debt74993376
Deferred revenue and credits233
Deferred revenue 21
Contract with customer, liability2
Deferred compensation liability, classified3 1    
Deferred tax liabilities, net  33
Deferred income tax liabilities6622
Other liabilities5542100
Other undisclosed noncurrent liabilities4 343427
Total noncurrent liabilities:308515239304240
Total liabilities:3971049276727978
Stockholders' equity
Stockholders' equity attributable to parent645263231201169146116
Preferred stock0000000
Common stock7777777
Treasury stock, value(22)(23)(20)(19)(19)(17)(16)
Additional paid in capital316161415141411
Accumulated other comprehensive income (loss)00(0)(0)(0)(0)(1)
Retained earnings344263231199167143115
Stockholders' equity attributable to noncontrolling interest(0)      
Total stockholders' equity:644263231201169146116
TOTAL LIABILITIES AND EQUITY:1,041367323278240225194

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
Revenues62739636320232219
Revenue, net347342364
Financial services revenue11  
Cost of revenue
(Cost of Goods and Services Sold)
(428)(297)(286)(292)(271)(253)(269)
Other undisclosed gross profit   356325296309
Gross profit:199997784766559
Operating expenses(57)(45)(29)(33)(33)(27)(26)
Other undisclosed operating income (loss)(16)    3 
Operating income:126544750434233
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     46
Income from continuing operations before equity method investments, income taxes:121524649424538
Loss from equity method investments    (0)  
Other undisclosed income from continuing operations before income taxes 1  11  
Income from continuing operations before income taxes:121534649534538
Income tax expense(30)(12)(7)(12)(11)(14)(12)
Net income:91403937423126
Net income attributable to noncontrolling interest0    46
Other undisclosed net loss attributable to parent     (4)(6)
Net income attributable to parent:91403937423126
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:91403937413025

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:91403937423126
Other comprehensive income (loss)(0)(0)(0)(0)000
Comprehensive income:91403937423126
Comprehensive income, net of tax, attributable to noncontrolling interest0    46
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 1(0)0 (4)(6)
Comprehensive income, net of tax, attributable to parent:91413937423126

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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