Patrick Industries, Inc. (PATK) financial statements (2022 and earlier)

Company profile

Business Address 107 WEST FRANKLIN STREET PO BOX 638
ELKHART, IN 46515
State of Incorp. IN
Fiscal Year End December 31
SIC 3714 - Motor Vehicle Parts and Accessories (benchmarking)
More info Complete financial analysis Financial benchmarking

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

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 investments123451397360
Cash and cash equivalents123451397360
Receivables1721338882783838
Inventory, net of allowances, customer advances and progress billings61431325427317512089
Inventory61431325427317512089
Prepaid expense  12    
Deferred tax assets   6
Other current assets      1
Other undisclosed current assets643824231886
Total current assets:974528517385274173140
Noncurrent Assets
Operating lease, right-of-use asset15811894
Property, plant and equipment3192511811771188568
Intangible assets, net (including goodwill)1,192852676665472274175
Goodwill55139631928220811069
Intangible assets, net (excluding goodwill)640456357383263165107
Deferred costs      3
Other noncurrent assets720111 
Other undisclosed noncurrent assets 234221
Total noncurrent assets:1,6771,225954846593362246
TOTAL ASSETS:2,6511,7531,4711,231867535386
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3851891541491217047
Accounts payable2041069690844729
Accrued liabilities181835859372418
Debt88339161611
Other undisclosed current liabilities4031     
Total current liabilities:4332271871581368658
Noncurrent Liabilities
Long-term debt and lease obligation1,399899737622338257194
Long-term debt, excluding current maturities1,279811670622338257194
Operating lease, liability1208866
Liabilities, other than long-term debt51685020854
Deferred tax liabilities, net  54
Deferred income tax liabilities364027
Other liabilities152822208  
Other undisclosed noncurrent liabilities   231422
Total noncurrent liabilities:1,450967787665360263200
Total liabilities:1,8831,194974822496350257
Stockholders' equity
Stockholders' equity attributable to parent, including:768559497409371185129
Additional paid in capital60242525888
Accumulated other comprehensive income (loss)(2)(6)(6)(3)000
Retained earnings51436030622519911363
Other undisclosed stockholders' equity attributable to parent1961811731611636458
Total stockholders' equity:768559497409371185129
TOTAL LIABILITIES AND EQUITY:2,6511,7531,4711,231867535386

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues4,0782,4872,3372,2631,6361,222920
Revenue, net1,6361,222920
Cost of revenue
(Cost of Goods and Services Sold)
(3,277)(2,028)(1,914)(1,847)(1,357)(1,019)(768)
Gross profit:801459423416279202152
Operating expenses(449)(286)(268)(237)(157)(112)(82)
Operating income:3521731541781229170
Interest and debt expense (16)(7)(6)  (0)
Income from continuing operations before equity method investments, income taxes:3521571471731229169
Other undisclosed loss from continuing operations before income taxes(58)(27)(30)(21)(9)(7)(4)
Income from continuing operations before income taxes:2941301181521138466
Income tax expense(69)(33)(28)(32)(27)(28)(23)
Net income available to common stockholders, diluted:2259790120865642

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:2259790120865642
Other comprehensive income (loss)4(0)(3)(3)   
Comprehensive income:2299787117865642
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    0(0)0
Comprehensive income, net of tax, attributable to parent:2299787117865642

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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