Marine Products Corporation (MPX) Financial Statements (2023 and Earlier)

Company Profile

Business Address 2801 BUFORD HIGHWAY NE, SUITE 300
ATLANTA, GA 30329
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 373 - Ship And Boat Building And Repairing (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 investments 31,57319,80411,71110,3206,72815,811
Cash and cash equivalents 31,57319,8048,7457,6842,6197,986
Short-term investments   2,9662,6364,1097,825
Receivables3,2724,7067,5144,3243,7651,1162,076
Inventory, net of allowances, customer advances and progress billings73,26142,31041,55346,77038,00642,48832,638
Inventory73,26142,31041,55346,77038,00642,48832,638
Other undisclosed current assets16,5761,9472,0561,7952,0961,8232,119
Total current assets:93,10980,53670,92764,60054,18752,15552,644
Noncurrent Assets
Property, plant and equipment14,37014,93814,79614,55214,21813,33412,761
Long-term investments and receivables   4,69910,3955,22127,129
Long-term investments   4,69910,3955,22127,129
Intangible assets, net (including goodwill)3,7733,7733,7733,7733,7733,7733,773
Goodwill3,3083,3083,3083,3083,3083,3083,308
Intangible assets, net (excluding goodwill)465465465465465465465
Deferred income tax assets4,3924,0753,990
Other noncurrent assets17,19716,10011,2789,9319,6788,76610,032
Other undisclosed noncurrent assets   3,3253,6495,2784,338
Total noncurrent assets:39,73238,88633,83736,28041,71336,37258,033
TOTAL ASSETS:132,841119,422104,764100,88095,90088,527110,677
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities15,54217,12513,03014,12414,52812,8319,768
Accounts payable6,7716,0793,8864,6735,3625,1633,681
Accrued liabilities5,6526,5886,1236,1946,0505,2874,027
Employee-related liabilities3,1194,4583,0213,2573,1162,3812,060
Deferred revenue1,3131,245295
Deferred revenue and credits864416721
Other undisclosed current liabilities1,2143,2923,7164,0433,9694,1553,309
Total current liabilities:18,06921,66217,04118,16719,36117,40213,798
Noncurrent Liabilities
Liabilities, other than long-term debt16,24713,24110,5117,5016,9355,6806,667
Liability, pension and other postretirement and postemployment benefits15,56412,5249,9807,0456,7325,6146,590
Other liabilities6837175314562036677
Total noncurrent liabilities:16,24713,24110,5117,5016,9355,6806,667
Total liabilities:34,31634,90327,55225,66826,29623,08220,465
Stockholders' equity
Stockholders' equity attributable to parent98,52584,51977,21275,21269,60465,44590,212
Common stock3,3993,3873,3873,4333,4573,4863,811
Additional paid in capital      3,879
Accumulated other comprehensive loss(2,576)(1,947)(2,748)(2,175)(1,980)(2,182)(1,901)
Retained earnings97,70283,07976,57373,95468,12764,14184,423
Total stockholders' equity:98,52584,51977,21275,21269,60465,44590,212
TOTAL LIABILITIES AND EQUITY:132,841119,422104,764100,88095,90088,527110,677

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
Revenues298,014239,825292,136298,616267,316241,330207,061
Revenue, net267,316241,330207,061
Cost of revenue
(Cost of Goods and Services Sold)
(229,742)(186,220)(226,742)(232,293)(208,296)(190,863)(163,261)
Gross profit:68,27253,60565,39466,32359,02050,46743,800
Operating expenses(31,880)(29,244)(31,259)(30,936)(29,261)(27,415)(23,249)
Operating income:36,39224,36134,13535,38729,75923,05220,551
Nonoperating income
(Investment Income, Nonoperating)
1695323268229355420
Income from continuing operations before income taxes:36,40824,45634,45835,65529,98823,40720,971
Income tax expense(7,382)(5,012)(6,219)(7,167)(10,688)(6,662)(6,665)
Net income attributable to parent:29,02619,44428,23928,48819,30016,74514,306
Other undisclosed net loss available to common stockholders, basic(566)(416)(669)(762)(595)(535) 
Net income available to common stockholders, diluted:28,46019,02827,57027,72618,70516,21014,306

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:29,02619,44428,23928,48819,30016,74514,306
Other comprehensive income (loss) 801(573)(195)202(281)68
Comprehensive income:29,02620,24527,66628,29319,50216,46414,374
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(629) 414    
Comprehensive income, net of tax, attributable to parent:28,39720,24528,08028,29319,50216,46414,374

Statements Sources

The financial statements are based on the Company's filings with 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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