National Presto Industries, Inc. (NPK) financial statements (2022 and earlier)

Company profile

Business Address 3925 N HASTINGS WAY
EAU CLAIRE, WI 54703
State of Incorp. WI
Fiscal Year End December 31
SIC 348 - Ordnance And Accessories, Except Vehicles And Guided Missiles (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments143,995155,017158,312191,445155,474111,491
Cash and cash equivalents109,80586,03679,57956,84711,22227,034
Short-term investments34,19068,98178,733134,598144,25284,457
Receivables55,70756,53644,31759,58565,22067,285
Inventory, net of allowances, customer advances and progress billings143,861135,488128,53693,988104,43995,403
Inventory143,861135,488128,53693,988104,43995,403
Disposal group, including discontinued operation   3756,18958,893
Other current assets4,49010,1996,6686,8697,1867,423
Total current assets:348,053357,240337,833352,262338,508340,495
Noncurrent Assets
Operating lease, right-of-use asset10,1613,363 
Property, plant and equipment36,72337,11337,27839,14345,16849,475
Long-term investments and receivables7,6157,3997,1826,9666,7506,534
Accounts and financing receivable, after allowance for credit loss7,6157,3997,1826,9666,7506,534
Intangible assets, net (including goodwill)17,94118,15518,37612,48514,81516,446
Goodwill15,31715,31715,31711,48511,48511,485
Intangible assets, net (excluding goodwill)2,6242,8383,0591,0003,3304,961
Deferred income tax assets4,6422,994 
Other noncurrent assets2,8786,9064,7821,6745,6374,644
Deferred tax assets, net1,088995 
Other undisclosed noncurrent assets(7,615) 4,802   
Total noncurrent assets:72,34575,93072,42061,35673,36577,099
TOTAL ASSETS:420,398433,170410,253413,618411,873417,594
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities50,64150,92938,77547,49545,28758,101
Accounts payable32,75933,47421,65234,10028,44539,584
Accrued liabilities16,69116,26813,32412,01113,09212,244
Taxes payable1,1911,1873,7991,3843,7506,273
Disposal group, including discontinued operation    2106,253
Other undisclosed current liabilities2,5184,163520   
Total current liabilities:53,15955,09239,29547,49545,49764,354
Noncurrent Liabilities
Long-term debt and lease obligation9,6162,790    
Operating lease, liability9,6162,790 
Liabilities, other than long-term debt 940   3,004
Deferred tax liabilities, net  3,004
Other liabilities 940    
Other undisclosed noncurrent liabilities(9,616) 3,001   
Total noncurrent liabilities:9,6163,7303,001  3,004
Total liabilities:62,77558,82242,29647,49545,49767,358
Stockholders' equity
Stockholders' equity attributable to parent357,623374,348367,957366,123366,376350,236
Common stock7,4417,4417,4417,4417,4417,441
Treasury stock, value(12,779)(13,312)(13,909)(14,408)(14,810)(15,274)
Additional paid in capital13,74312,43811,44710,3609,0747,913
Accumulated other comprehensive income (loss)2015413621(86)(47)
Retained earnings349,198367,627362,842362,709364,757350,203
Total stockholders' equity:357,623374,348367,957366,123366,376350,236
TOTAL LIABILITIES AND EQUITY:420,398433,170410,253413,618411,873417,594

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues355,777352,627308,510323,317333,633341,905
Revenue, net333,633341,905
Cost of revenue
(Cost of Goods and Services Sold)
(291,381)(267,705)(236,585)(247,434)(246,399)(256,243)
Gross profit:64,39684,92271,92575,88387,23485,662
Operating expenses(34,367)(28,726)(25,545)(27,981)(25,530)(23,150)
Operating income:30,02956,19646,38047,90261,70462,512
Nonoperating income
(Other Nonoperating income)
2,4303,7925,9264,4373,581810
Income from continuing operations before income taxes:32,45959,98852,30652,33965,28563,322
Income tax expense(6,805)(13,030)(11,766)(12,450)(21,971)(21,407)
Income from continuing operations:25,65446,95840,54039,88943,31441,915
Income from discontinued operations  1,680519,6452,649
Net income available to common stockholders, diluted:25,65446,95842,22039,94052,95944,564

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:25,65446,95842,22039,94052,95944,564
Other comprehensive income17024145135  
Comprehensive income:25,82446,98242,36540,07552,95944,564
Other undisclosed comprehensive loss, net of tax, attributable to parent(304)(6)(30)(28)(39)(38)
Comprehensive income, net of tax, attributable to parent:25,52046,97642,33540,04752,92044,526

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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