Myers Industries, Inc. (MYE) financial statements (2022 and earlier)

Company profile

Business Address 1293 S MAIN ST
AKRON, OH 44301
State of Incorp. OH
Fiscal Year End December 31
SIC 3089 - Plastics Products, Not Elsewhere Classified (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 investments17,65528,30175,52758,8942,5207,8887,344
Cash and cash equivalents17,65528,30175,52758,8942,5207,8887,344
Restricted cash and investments    8,6598,6358,627
Receivables100,69183,70162,27972,93976,65073,81877,633
Inventory, net of allowances, customer advances and progress billings93,55165,91944,26043,59647,02546,02354,738
Inventory93,55165,91944,26043,59647,02546,02354,738
Other undisclosed current assets8,0175,8092,9767,42615,1584,7875,966
Total current assets:219,914183,730185,042182,855150,012141,151154,308
Noncurrent Assets
Operating lease, right-of-use asset29,28518,3905,901
Property, plant and equipment92,04973,95354,96465,46083,904  
Long-term investments and receivables    18,73718,27517,981
Accounts and financing receivable, after allowance for credit loss    18,73718,27517,981
Intangible assets, net (including goodwill)138,959120,29497,52889,34899,020107,213122,565
Goodwill88,77879,25666,77459,06859,97159,21964,035
Intangible assets, net (excluding goodwill)50,18141,03830,75430,28039,04947,99458,530
Regulated entity, other noncurrent assets  824    
Deferred income tax assets10684 
Other noncurrent assets4,2363,5643,8975,7124,1493,3473,449
Deferred tax assets, net5,270120216840
Other undisclosed noncurrent assets  4,983    
Total noncurrent assets:264,635216,285168,097165,790205,930129,051144,835
Other undisclosed assets     111,482130,773
TOTAL ASSETS:484,549400,015353,139348,645355,942381,684429,916
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities126,65997,89480,56897,42398,65379,312116,812
Accounts payable81,69061,15046,86760,84963,58148,98871,310
Accrued liabilities19,62817,93618,32416,70115,47213,08323,228
Employee-related liabilities21,61614,49912,48816,53115,54411,86117,832
Taxes payable2,7592,5241,1041,4031,6642,1781,733
Interest and dividends payable9661,7851,7851,9392,3923,2022,709
Debt50039,9942,057    
Other undisclosed current liabilities5,3414,359     
Total current liabilities:132,500142,24782,62597,42398,65379,312116,812
Noncurrent Liabilities
Long-term debt and lease obligation124,19751,33781,25076,790151,036189,522193,006
Long-term debt, excluding current maturities90,94537,58277,17676,790151,036189,522193,006
Finance lease, liability9,437  
Operating lease, liability23,81513,7554,074
Liabilities, other than long-term debt18,52717,33122,58219,79412,50119,81722,395
Deferred tax liabilities, net 4,26510,58210,041
Deferred income tax liabilities5,4412,958 
Other liabilities13,08614,37322,58219,7948,2369,23512,354
Total noncurrent liabilities:142,72468,668103,83296,584163,537209,339215,401
Total liabilities:275,224210,915186,457194,007262,190288,651332,213
Stockholders' equity
Stockholders' equity attributable to parent209,325189,100166,682154,63893,75293,03397,703
Common stock22,17221,93921,78521,54718,54718,23417,895
Additional paid in capital306,720300,852296,363292,558209,253202,033196,743
Accumulated other comprehensive loss(15,401)(15,773)(16,349)(18,280)(14,541)(34,174)(39,110)
Accumulated deficit(104,166)(117,918)(135,117)(141,187)(119,507)(93,060)(77,825)
Total stockholders' equity:209,325189,100166,682154,63893,75293,03397,703
TOTAL LIABILITIES AND EQUITY:484,549400,015353,139348,645355,942381,684429,916

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
Revenues761,435510,369515,698566,735547,043558,062601,538
Revenue, net547,043558,062601,538
Cost of revenue
(Cost of Goods and Services Sold)
(550,014)(338,409)(344,386)(387,442)(389,590)(393,422)(423,260)
Gross profit:211,421171,960171,312179,293157,453164,640178,278
Operating expenses(162,120)(130,334)(134,046)(172,966)(132,565)(148,472)(147,417)
Other operating income, net 11,924     
Operating income:49,30153,55037,2666,32724,88816,16830,861
Nonoperating income
(Investment Income, Nonoperating)
 2098081,2211,3611,7741,317
Interest and debt expense (4,897)(4,891)(6,159)(10,541)(9,947)(10,316)
Income from continuing operations before equity method investments, income taxes:49,30148,86233,1831,38915,7087,99521,862
Other undisclosed loss from continuing operations before income taxes(4,208)      
Income from continuing operations before income taxes:45,09348,86233,1831,38915,7087,99521,862
Income tax expense(11,555)(12,093)(8,968)(3,037)(4,864)(6,470)(7,809)
Income (loss) before gain (loss) on sale of properties:33,53836,76924,215(1,648)10,8441,52514,053
Other undisclosed net income (loss)  118(1,701)   
Net income (loss):33,53836,76924,333(3,349)10,8441,52514,053
Other undisclosed net income (loss) attributable to parent    (20,733)(468)3,709
Net income (loss) available to common stockholders, diluted:33,53836,76924,333(3,349)(9,889)1,05717,762

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 (loss):33,53836,76924,333(3,349)10,8441,52514,053
Other comprehensive income (loss)3725761,931(3,739)19,6334,936(113)
Comprehensive income (loss):33,91037,34526,264(7,088)30,4776,46113,940
Other undisclosed comprehensive loss, net of tax, attributable to parent    (20,733)(468)(23,600)
Comprehensive income (loss), net of tax, attributable to parent:33,91037,34526,264(7,088)9,7445,993(9,660)

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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