Omega Flex, Inc. (OFLX) financial statements (2022 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 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 investments32,91323,63316,09832,39237,93835,31830,152
Cash and cash equivalents32,91323,63316,09832,39237,93835,31830,152
Receivables20,72620,07717,047    
Inventory, net of allowances, customer advances and progress billings15,56511,51011,0787,9768,0077,3728,287
Inventory15,56511,51011,0787,9768,0077,3728,287
Other current assets2,5332,1372,0971,8591,8951,9811,647
Other undisclosed current assets   31,39515,63615,00516,605
Total current assets:71,73757,35746,32073,62263,47659,67656,691
Noncurrent Assets
Operating lease, right-of-use asset3,374493771
Property, plant and equipment8,5698,5998,9098,3786,9984,4024,638
Intangible assets, net (including goodwill)3,5263,5263,5263,5263,5263,5263,526
Goodwill3,5263,5263,5263,5263,5263,5263,526
Deferred income tax assets754
Other noncurrent assets1,7021,5911,4541,3073,079  
Other undisclosed noncurrent assets   3122,9581,419
Total noncurrent assets:17,17814,21414,66413,21413,61510,8869,583
TOTAL ASSETS:88,91571,57160,98486,83677,09170,56266,274
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities17,54716,05314,71114,81414,52119,39520,502
Accounts payable3,3552,4712,3832,7752,5982,3112,489
Accrued liabilities7,1834,3484,4614,2644,2843,7004,333
Employee-related liabilities7,0085,4294,6185,2954,8514,3194,669
Taxes payable197942358568487433
Interest and dividends payable 2,8262,8262,4222,2208,5788,578
Debt  369    
Deferred compensation liability    788518 
Other liabilities4,8645,5715,4043,591  3,050
Other undisclosed current liabilities383247  2,7952,822 
Total current liabilities:22,79421,87120,48418,40518,10422,73523,552
Noncurrent Liabilities
Long-term debt and lease obligation2,990252418    
Operating lease, liability2,990252418
Liabilities, other than long-term debt2,5903,0712,5061,5442,7091,6211,200
Accounts payable and accrued liabilities493559  761  
Deferred income tax liabilities427121331
Other liabilities1,6702,3912,1751,5441,9481,6211,200
Other undisclosed noncurrent liabilities   566209145368
Total noncurrent liabilities:5,5803,3232,9242,1102,9181,7661,568
Total liabilities:28,37425,19423,40820,51521,02224,50125,120
Stockholders' equity
Stockholders' equity attributable to parent60,35246,11737,38266,06955,45845,67940,882
Common stock102102102102102102102
Treasury stock, value(1)(1)(1)(1)(1)(1)(1)
Additional paid in capital11,02511,02511,02510,80810,80810,80810,808
Accumulated other comprehensive loss(827)(778)(909)(950)(908)(1,685)(683)
Retained earnings50,05335,76927,16556,11045,45736,45530,656
Stockholders' equity attributable to noncontrolling interest189260194252611382272
Total stockholders' equity:60,54146,37737,57666,32156,06946,06141,154
TOTAL LIABILITIES AND EQUITY:88,91571,57160,98486,83677,09170,56266,274

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
Revenues130,011105,796111,360108,313101,79994,05193,278
Revenue, net101,79994,05193,278
Cost of revenue
(Cost of Goods and Services Sold)
(48,480)(39,246)(40,873)(42,217)(40,033)(36,167)(36,132)
Gross profit:81,53166,55070,48766,09661,76657,88457,146
Operating expenses(41,859)(35,697)(43,850)(34,917)(34,256)(32,802)(30,959)
Other undisclosed operating loss(4,610)(4,200)(4,715)(4,813)(3,293)(3,185)(2,684)
Operating income:35,06226,65321,92226,36624,21721,89723,503
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
21(53)56(126)(38)(474)(12)
Other undisclosed income from continuing operations before equity method investments, income taxes    11798 
Income from continuing operations before equity method investments, income taxes:35,08326,60021,97826,24024,29621,52123,491
Other undisclosed income (loss) from continuing operations before income taxes35(39)876488  73
Income from continuing operations before income taxes:35,11826,56122,85426,72824,29621,52123,564
Income tax expense (benefit)(8,862)(6,594)(5,429)(6,451)(8,450)6,975(7,603)
Income before gain (loss) on sale of properties:26,25619,96717,42520,27715,84628,49615,961
Other undisclosed net loss     (13,950) 
Net income:26,25619,96717,42520,27715,84614,54615,961
Net loss attributable to noncontrolling interest(61)(57)(139)   (173)
Other undisclosed net loss attributable to parent   (138)(184)(169) 
Net income available to common stockholders, diluted:26,19519,91017,28620,13915,66214,37715,788

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:26,25619,96717,42520,27715,84614,54615,961
Other undisclosed comprehensive income (loss)(52)14046(48)822(1,061)(198)
Comprehensive income:26,20420,10717,47120,22916,66813,48515,763
Comprehensive loss, net of tax, attributable to noncontrolling interest(58)(66)(144)(132)(229)(110)(161)
Comprehensive income, net of tax, attributable to parent:26,14620,04117,32720,09716,43913,37515,602

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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