Omega Flex, Inc. (OFLX) financial statements (2021 and earlier)

Company profile

Business Address 451 CREAMERY WAY
EXTON, PA 19341
State of Incorp. PA
Fiscal Year End December 31
SIC 343 - Heating Equipment, Except Electric And Warm Air; (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16323835304517
Cash and cash equivalents16323835304517
Receivables17      
Inventory, net of allowances, customer advances and progress billings11887877
Inventory11887877
Other current assets2222211
Other undisclosed current assets 31161517(8)6
Total current assets:46746360574630
Noncurrent Assets
Operating lease, right-of-use asset1
Property, plant and equipment9874545
Intangible assets, net (including goodwill)4444444
Goodwill4444444
Deferred income tax assets0
Other noncurrent assets113    
Other undisclosed noncurrent assets 003112
Total noncurrent assets:1513141110910
TOTAL ASSETS:61877771665540
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1515151921112
Accounts payable2332222
Accrued liabilities444443 
Employee-related liabilities555454 
Taxes payable0010010
Interest and dividends payable32299  
Debt0      
Deferred compensation liability  11 00
Other liabilities54  3  
Other undisclosed current liabilities  33 911
Total current liabilities:20181823241913
Noncurrent Liabilities
Long-term debt and lease obligation0      
Operating lease, liability0
Liabilities, other than long-term debt3232121
Accounts payable and accrued liabilities  1    
Deferred compensation liability, classified     0 
Deferred income tax liabilities0
Other liabilities2222111
Other undisclosed noncurrent liabilities 100001
Total noncurrent liabilities:3232222
Total liabilities:23212125252114
Stockholders' equity
Stockholders' equity attributable to parent37665546413426
Common stock0000000
Treasury stock, value(0)(0)(0)(0)(0)(0)(0)
Additional paid in capital11111111111111
Accumulated other comprehensive loss(1)(1)(1)(2)(1)(0)(0)
Retained earnings27564536312315
Stockholders' equity attributable to noncontrolling interest0010000
Total stockholders' equity:38665646413426
TOTAL LIABILITIES AND EQUITY:61877771665540

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues11110810294938577
Revenue, net10294938577
Cost of revenue
(Cost of Goods and Services Sold)
(41)(42)(40)(36)(36)(37)(37)
Other undisclosed gross profit     22
Gross profit:70666258575042
Operating expenses(44)(35)(34)(33)(31)(29)(26)
Other undisclosed operating loss(5)(5)(3)(3)(3)(1)(1)
Operating income:22262422242115
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
0(0)(0)(0)(0)(0)(0)
Other undisclosed income from continuing operations before equity method investments, income taxes  00 00
Income from continuing operations before equity method investments, income taxes:22262422232115
Other undisclosed income from continuing operations before income taxes10  0  
Income from continuing operations before income taxes:23272422242115
Income tax expense (benefit)(5)(6)(8)7(8)(7)(5)
Income before gain (loss) on sale of properties:17201628161410
Other undisclosed net loss   (14)   
Net income:17201615161410
Net loss attributable to noncontrolling interest(0)   (0)  
Other undisclosed net loss attributable to parent (0)(0)(0) (0)(0)
Net income available to common stockholders, diluted:17201614161310

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:17201615161410
Other undisclosed comprehensive income (loss)0(0)1(1)(0)(0)0
Comprehensive income:17201713161310
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(0)(0)(0)(0)0(0)
Other undisclosed comprehensive loss, net of tax, attributable to parent     (0) 
Comprehensive income, net of tax, attributable to parent:17201613161310

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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