Northwest Pipe Company (NWPX) Financial Statements (2024 and earlier)

Company Profile

Business Address 201 NE PARK PLAZA DRIVE
VANCOUVER, WA 98684
State of Incorp. OR
Fiscal Year End December 31
Industry (SIC) 3317 - Steel Pipe and Tubes (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,6812,99737,92731,0146,67743,646
Cash and cash equivalents3,6812,99737,92731,0146,67743,646
Receivables71,56352,66442,68038,02634,39428,990
Inventory, net of allowances, customer advances and progress billings71,02959,65129,17730,65439,37617,055
Inventory71,02959,65129,17730,65439,37617,055
Contract with customer, asset, after allowance for credit loss121,778107,17076,98591,18674,271
Costs in excess of billings44,502
Other undisclosed current assets10,6895,7445,1944,1594,7956,562
Total current assets:278,740228,226191,963195,039159,513140,755
Noncurrent Assets
Operating lease, right-of-use asset93,12498,50730,813 
Property, plant and equipment133,166121,266110,18499,631103,44778,756
Intangible assets, net (including goodwill)90,76893,06033,503   
Goodwill55,50453,68422,985   
Intangible assets, net (excluding goodwill)35,26439,37610,518   
Other noncurrent assets5,5426,6206,55215,5758,39010,813
Total noncurrent assets:322,600319,453181,052115,206111,83789,569
TOTAL ASSETS:601,340547,679373,015310,245271,350230,324
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities57,92556,76529,80729,28527,33114,084
Accounts payable26,96832,26712,99315,49319,7847,521
Accrued liabilities30,95724,49816,81413,7927,5476,563
Deferred revenue17,4562,6236,18912,281
Debt10,756 7,701 416318
Billings in excess of cost2,599
Contract with customer, liability3,745
Other undisclosed current liabilities4,7024,7042,204   
Total current liabilities:90,83964,09245,90141,56631,49217,001
Noncurrent Liabilities
Long-term debt and lease obligation83,696180,48633,799 12,303737
Long-term debt, excluding current maturities83,69686,7615,888 11,464 
Capital lease obligations839737
Liabilities, other than long-term debt108,53119,71823,68920,5218,96512,322
Deferred tax liabilities, net68941
Deferred income tax liabilities11,40210,98412,4814,265
Other liabilities7,6578,73411,20816,2568,89711,381
Operating lease, liability89,47293,72527,911 
Total noncurrent liabilities:192,227200,20457,48820,52121,26813,059
Total liabilities:283,066264,296103,38962,08752,76030,060
Equity
Equity, attributable to parent318,274283,383269,626248,158218,590200,264
Common stock999998979796
Additional paid in capital127,911125,062123,013120,544118,835119,856
Accumulated other comprehensive loss(789)(1,682)(1,866)(1,814)(1,536)(1,445)
Retained earnings191,053159,904148,381129,331101,19481,757
Total equity:318,274283,383269,626248,158218,590200,264
TOTAL LIABILITIES AND EQUITY:601,340547,679373,015310,245271,350230,324

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues457,665333,313285,907279,317172,149132,780
Revenue, net132,780
Cost of revenue(371,810)(289,059)(235,388)(232,133)(160,053)(126,957)
Cost of goods and services sold(371,810)(289,059)(235,388)(232,133)(160,053) 
Gross profit:85,85544,25450,51947,18412,0965,823
Operating expenses(41,034)(28,222)(24,954)(18,495)(19,228)(16,106)
Other undisclosed operating income     4,1611,082
Operating income (loss):44,82116,03225,56528,689(2,971)(9,201)
Nonoperating income (expense)973281,0024,38320,347193
Investment income, nonoperating   49 20,080 
Other nonoperating income (expense)973289534,383267193
Interest and debt expense(3,568)(1,202)(933)(472)(583)(490)
Other undisclosed income from continuing operations before equity method investments, income taxes    402676
Income (loss) from continuing operations before income taxes:41,35015,15825,63432,64017,060(9,492)
Income tax expense (benefit)(10,201)(3,635)(6,584)(4,738)3,2521,100
Income (loss) from continuing operations:31,14911,52319,05027,90220,312(8,392)
Income (loss) before gain (loss) on sale of properties:11,52319,05027,90220,312(10,163)
Loss from discontinued operations      (1,771)
Net income (loss) available to common stockholders, diluted:31,14911,52319,05027,90220,312(10,163)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):31,14911,52319,05027,90220,312(10,163)
Other comprehensive income (loss)  102 5(46) 
Comprehensive income (loss):31,14911,62519,05027,90720,266(10,163)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent89382(52)(48)(45)38
Comprehensive income (loss), net of tax, attributable to parent:32,04211,70718,99827,85920,221(10,125)

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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