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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments24163238353045
Cash and cash equivalents24163238353045
Receivables2017     
Inventory, net of allowances, customer advances and progress billings121188787
Inventory121188787
Other current assets2222221
Other undisclosed current assets  31161517(8)
Total current assets:57467463605746
Noncurrent Assets
Operating lease, right-of-use asset01
Property, plant and equipment9987454
Intangible assets, net (including goodwill)4444444
Goodwill4444444
Deferred income tax assets00
Other noncurrent assets2113   
Other undisclosed noncurrent assets  00311
Total noncurrent assets:1415131411109
TOTAL ASSETS:72618777716655
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities16151515192111
Accounts payable2233222
Accrued liabilities4444443
Employee-related liabilities5555454
Taxes payable1001001
Interest and dividends payable332299 
Debt 0     
Deferred compensation liability   11 0
Other liabilities654  3 
Other undisclosed current liabilities0  33 9
Total current liabilities:22201818232419
Noncurrent Liabilities
Long-term debt and lease obligation00     
Operating lease, liability00
Liabilities, other than long-term debt3323212
Accounts payable and accrued liabilities1  1   
Deferred compensation liability, classified      0
Deferred income tax liabilities00
Other liabilities2222211
Other undisclosed noncurrent liabilities  10000
Total noncurrent liabilities:3323222
Total liabilities:25232121252521
Stockholders' equity
Stockholders' equity attributable to parent46376655464134
Common stock0000000
Treasury stock, value(0)(0)(0)(0)(0)(0)(0)
Additional paid in capital11111111111111
Accumulated other comprehensive loss(1)(1)(1)(1)(2)(1)(0)
Retained earnings36275645363123
Stockholders' equity attributable to noncontrolling interest0001000
Total stockholders' equity:46386656464134
TOTAL LIABILITIES AND EQUITY:72618777716655

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues106111108102949385
Revenue, net102949385
Cost of revenue
(Cost of Goods and Services Sold)
(39)(41)(42)(40)(36)(36)(37)
Other undisclosed gross profit      2
Gross profit:67706662585750
Operating expenses(36)(44)(35)(34)(33)(31)(29)
Other undisclosed operating loss(4)(5)(5)(3)(3)(3)(1)
Operating income:27222624222421
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 0
Income from continuing operations before equity method investments, income taxes:27222624222321
Other undisclosed income (loss) from continuing operations before income taxes(0)10  0 
Income from continuing operations before income taxes:27232724222421
Income tax expense (benefit)(7)(5)(6)(8)7(8)(7)
Income before gain (loss) on sale of properties:20172016281614
Other undisclosed net loss    (14)  
Net income:20172016151614
Net loss attributable to noncontrolling interest(0)(0)   (0) 
Other undisclosed net loss attributable to parent  (0)(0)(0) (0)
Net income available to common stockholders, diluted:20172016141613

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:20172016151614
Other undisclosed comprehensive income (loss)00(0)1(1)(0)(0)
Comprehensive income:20172017131613
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:20172016131613

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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