Patrick Industries, Inc. (PATK) financial statements (2021 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 243 - Millwork, Veneer, Plywood, And Structural Wood (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 investments139736000
Cash and cash equivalents139736000
Receivables88827838383323
Inventory, net of allowances, customer advances and progress billings254273175120897157
Inventory254273175120897157
Prepaid expense12      
Deferred tax assets   654
Other current assets    1  
Other undisclosed current assets2423188665
Total current assets:51738527417314011588
Noncurrent Assets
Operating lease, right-of-use asset94
Property, plant and equipment18117711885685742
Intangible assets, net (including goodwill)6766654722741758142
Goodwill319282208110693216
Intangible assets, net (excluding goodwill)3573832631651075026
Deferred costs    311
Other noncurrent assets0111 11
Other undisclosed noncurrent assets34221  
Total noncurrent assets:95484659336224614186
TOTAL ASSETS:1,4711,231867535386256174
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities15414912170475641
Accounts payable96908447293019
Accrued liabilities58593724181514
Employee-related liabilities     88
Taxes payable     21
Debt339161611  
Other undisclosed current liabilities     (10)(9)
Total current liabilities:18715813686584532
Noncurrent Liabilities
Long-term debt and lease obligation73762233825719410155
Long-term debt, excluding current maturities67062233825719410155
Operating lease, liability66
Liabilities, other than long-term debt50208544(2)
Deferred tax liabilities, net  544(2)
Deferred income tax liabilities27
Other liabilities22208    
Other undisclosed noncurrent liabilities 23142226
Total noncurrent liabilities:78766536026320010859
Total liabilities:97482249635025715392
Stockholders' equity
Stockholders' equity attributable to parent, including:49740937118512910382
Additional paid in capital252588877
Accumulated other comprehensive income (loss)(6)(3)00000
Retained earnings306225199113634122
Other undisclosed stockholders' equity attributable to parent17316116364585554
Total stockholders' equity:49740937118512910382
TOTAL LIABILITIES AND EQUITY:1,4711,231867535386256174

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
Revenues2,3372,2631,6361,222920736595
Revenue, net1,6361,222920736595
Cost of revenue
(Cost of Goods and Services Sold)
(1,914)(1,847)(1,357)(1,019)(768)(644)(524)
Other undisclosed gross profit     2720
Gross profit:42341627920215211991
Operating expenses(268)(237)(157)(112)(82)(67)(50)
Operating income:15417812291705141
Interest and debt expense(7)(6)  (0)(3)(2)
Income from continuing operations before equity method investments, income taxes:14717312291694939
Other undisclosed income (loss) from continuing operations before income taxes(30)(21)(9)(7)(4)0 
Income from continuing operations before income taxes:11815211384664939
Income tax expense(28)(32)(27)(28)(23)(18)(15)
Net income available to common stockholders, diluted:901208656423124

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:901208656423124
Other comprehensive loss(3)(3)     
Comprehensive income:871178656423124
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  0(0)0(0)0
Comprehensive income, net of tax, attributable to parent:871178656423124

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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