Patrick Industries, Inc. (PATK) Financial Statements (2024 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
Industry (SIC) 3714 - Motor Vehicle Parts and Accessories (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

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 investments231234513973
Cash and cash equivalents231234513973
Receivables173172133888278
Inventory, net of allowances, customer advances and progress billings668614313254273175
Inventory668614313254273175
Prepaid expense    12  
Other undisclosed current assets466438242318
Total current assets:910974528517385274
Noncurrent Assets
Operating lease, right-of-use asset16415811894
Property, plant and equipment351319251181177118
Intangible assets, net (including goodwill)1,3491,192852676665472
Goodwill629551396319282208
Intangible assets, net (excluding goodwill)720640456357383263
Other noncurrent assets972011
Other undisclosed noncurrent assets   2342
Total noncurrent assets:1,8731,6771,225954846593
TOTAL ASSETS:2,7822,6511,7531,4711,231867
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities316385189154149121
Accounts payable143204106969084
Accrued liabilities17318183585937
Debt88833916
Business combination, contingent consideration, liability5     
Other undisclosed current liabilities394031   
Total current liabilities:367433227187158136
Noncurrent Liabilities
Long-term debt and lease obligation1,2761,399899737622338
Long-term debt, excluding current maturities1,2761,279811670622338
Liabilities, other than long-term debt184516850208
Deferred income tax liabilities48364027
Other liabilities13152822208
Operating lease, liability1221208866
Other undisclosed noncurrent liabilities     2314
Total noncurrent liabilities:1,4601,450967787665360
Total liabilities:1,8271,8831,194974822496
Equity
Equity, attributable to parent, including:955768559497409371
Additional paid in capital  602425258
Accumulated other comprehensive income (loss)(1)(2)(6)(6)(3)0
Retained earnings759514360306225199
Other undisclosed equity, attributable to parent197196181173161163
Total equity:955768559497409371
TOTAL LIABILITIES AND EQUITY:2,7822,6511,7531,4711,231867

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues4,8824,0782,4872,3372,2631,636
Revenue, net1,636
Cost of revenue
(Cost of Goods and Services Sold)
(3,822)(3,277)(2,028)(1,914)(1,847)(1,357)
Gross profit:1,060801459423416279
Operating expenses(564)(449)(286)(268)(237)(157)
Operating income:496352173154178122
Interest and debt expense   (16)(7)(6) 
Income from continuing operations before equity method investments, income taxes:496352157147173122
Other undisclosed loss from continuing operations before income taxes(61)(58)(27)(30)(21)(9)
Income from continuing operations before income taxes:435294130118152113
Income tax expense(107)(69)(33)(28)(32)(27)
Income from continuing operations:328225979012086
Income before gain (loss) on sale of properties:225979012086
Net income available to common stockholders, basic:328225979012086
Dilutive securities, effect on basic earnings per share2     
Net income available to common stockholders, diluted:330225979012086

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:328225979012086
Other comprehensive income (loss)24(0)(3)(3) 
Comprehensive income:330229978711786
Other undisclosed comprehensive income (loss), net of tax, attributable to parent     0
Comprehensive income, net of tax, attributable to parent:330229978711786

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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