Northwest Pipe Company (NWPX) financial statements (2022 and earlier)

Company profile

Business Address 201 NE PARK PLAZA DRIVE
VANCOUVER, WA 98684
State of Incorp. OR
Fiscal Year End December 31
SIC 3317 - Steel Pipe and Tubes (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 investments2,99737,92731,0146,67743,64621,82910,309
Cash and cash equivalents2,99737,92731,0146,67743,64621,82910,309
Receivables52,66442,68038,02634,39428,99025,55527,567
Inventory, net of allowances, customer advances and progress billings59,65129,17730,65439,37617,05519,03729,475
Inventory59,65129,17730,65439,37617,05519,03729,475
Contract with customer, asset107,17076,98591,18674,271
Costs in excess of billings44,50243,66342,592
Other undisclosed current assets5,7445,1944,1594,7956,5622,0965,336
Total current assets:228,226191,963195,039159,513140,755112,180115,279
Noncurrent Assets
Operating lease, right-of-use asset98,50730,813 
Property, plant and equipment121,266110,18499,631103,44778,756118,101131,848
Intangible assets, net (including goodwill)93,06033,503     
Goodwill53,68422,985     
Intangible assets, net (excluding goodwill)39,37610,518     
Other noncurrent assets6,6206,55215,5758,39010,81311,27412,253
Total noncurrent assets:319,453181,052115,206111,83789,569129,375144,101
TOTAL ASSETS:547,679373,015310,245271,350230,324241,555259,380
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities56,76529,80729,28527,33114,08416,19220,710
Accounts payable32,26712,99315,49319,7847,5215,2674,739
Accrued liabilities24,49816,81413,7927,5476,56310,92515,971
Deferred revenue2,6236,18912,281
Debt 7,701 416318325340
Billings in excess of cost2,5992,038520
Contract with customer, liability3,745
Other undisclosed current liabilities4,7042,204     
Total current liabilities:64,09245,90141,56631,49217,00118,55521,570
Noncurrent Liabilities
Long-term debt and lease obligation180,48633,799 12,303737602718
Long-term debt, excluding current maturities86,7615,888 11,464   
Capital lease obligations839737602718
Operating lease, liability93,72527,911 
Liabilities, other than long-term debt19,71823,68920,5218,96512,32213,18514,408
Deferred tax liabilities, net689411,282 
Deferred income tax liabilities10,98412,4814,265
Other liabilities8,73411,20816,2568,89711,38111,90314,408
Other undisclosed noncurrent liabilities      5,124
Total noncurrent liabilities:200,20457,48820,52121,26813,05913,78720,250
Total liabilities:264,296103,38962,08752,76030,06032,34241,820
Stockholders' equity
Stockholders' equity attributable to parent283,383269,626248,158218,590200,264209,213217,560
Common stock99989797969696
Additional paid in capital125,062123,013120,544118,835119,856118,680117,819
Accumulated other comprehensive loss(1,682)(1,866)(1,814)(1,536)(1,445)(1,483)(1,538)
Retained earnings159,904148,381129,331101,19481,75791,920101,183
Total stockholders' equity:283,383269,626248,158218,590200,264209,213217,560
TOTAL LIABILITIES AND EQUITY:547,679373,015310,245271,350230,324241,555259,380

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
Revenues333,313285,907279,317172,149132,780156,256236,608
Revenue, net132,780156,256236,608
Cost of revenue(289,059)(235,388)(232,133)(160,053)(126,957)(159,481)(249,233)
Cost of goods and services sold(289,059)(235,388)(232,133)(160,053)   
Gross profit:44,25450,51947,18412,0965,823(3,225)(12,625)
Operating expenses(28,222)(24,954)(18,495)(19,228)(16,106)(28,137)(27,585)
Other undisclosed operating income   4,1611,08217,829 
Operating income (loss):16,03225,56528,689(2,971)(9,201)(13,533)(40,210)
Nonoperating income3281,0024,38320,3471932388
Investment income, nonoperating 49 20,080   
Other nonoperating income3289534,3832671932388
Interest and debt expense(1,202)(933)(472)(583)(490)(523)(1,390)
Other undisclosed income from continuing operations before equity method investments, income taxes  40267614173
Income (loss) from continuing operations before income taxes:15,15825,63432,64017,060(9,492)(14,019)(41,339)
Income tax expense (benefit)(3,635)(6,584)(4,738)3,2521,1004,75611,951
Income (loss) from continuing operations:11,52319,05027,90220,312(8,392)(9,263)(29,388)
Loss from discontinued operations    (1,771)  
Net income (loss) available to common stockholders, diluted:11,52319,05027,90220,312(10,163)(9,263)(29,388)

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):11,52319,05027,90220,312(10,163)(9,263)(29,388)
Other comprehensive income (loss)102 5(46) 55295
Comprehensive income (loss):11,62519,05027,90720,266(10,163)(9,208)(29,093)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent82(52)(48)(45)38  
Comprehensive income (loss), net of tax, attributable to parent:11,70718,99827,85920,221(10,125)(9,208)(29,093)

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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