Douglas Dynamics, Inc. (PLOW) financial statements (2022 and earlier)

Company profile

Business Address 7777 NORTH 73RD ST
MILWAUKEE, WI 53233
State of Incorp. DE
Fiscal Year End December 31
SIC 3531 - Construction Machinery and Equipment (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 investments 41,03035,66527,82036,87518,60936,844
Cash and cash equivalents 41,03035,66527,82036,87518,60936,844
Receivables72,25783,19587,87181,48579,12080,13072,557
Inventory, net of allowances, customer advances and progress billings104,01979,48277,94281,99671,52470,87151,584
Inventory104,01979,48277,94281,99671,52470,87151,584
Deferred tax assets  5,7266,154
Other undisclosed current assets44,15513,48010,0507,79410,5946,8252,104
Total current assets:220,431217,187211,528199,095198,113182,161169,243
Noncurrent Assets
Operating lease, right-of-use asset18,46221,44122,557
Property, plant and equipment66,78764,32058,44455,19553,96252,14142,636
Intangible assets, net (including goodwill)255,243265,925404,728415,684427,156433,137288,579
Goodwill113,134113,134241,006241,006241,006238,286160,932
Intangible assets, net (excluding goodwill)142,109152,791163,722174,678186,150194,851127,647
Deferred costs      2,337
Other noncurrent assets1,2061,2888,4386,2195,9454,4602,708
Other undisclosed noncurrent assets10,3479,041     
Total noncurrent assets:352,045362,015494,167477,098487,063489,738336,260
TOTAL ASSETS:572,476579,202705,695676,193685,176671,899505,503
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities63,50152,32945,59942,11540,32344,62440,104
Accounts payable27,37516,28416,11318,70316,32317,29914,555
Accrued liabilities36,12630,83126,49623,30621,00427,32525,549
Taxes payable 5,2142,9901062,996  
Debt11,1375,99225,96532,74932,7492,8291,629
Other undisclosed current liabilities7,2787,8856,5394,2047,7113,939 
Total current liabilities:81,91666,20678,10379,06880,78351,39241,733
Noncurrent Liabilities
Long-term debt and lease obligation15,408254,110241,062242,946274,872306,726184,843
Long-term debt, excluding current maturities 236,676222,081242,946274,872306,726184,843
Operating lease, liability15,40817,43418,981
Liabilities, other than long-term debt54,48458,68273,36771,42372,84393,31878,431
Deferred tax liabilities, net48,19839,26960,28954,932
Deferred income tax liabilities29,78926,68147,211
Liability, pension and other postretirement and postemployment benefits17,17015,8046,3388,36916,57017,37717,495
Other liabilities7,52516,19719,81814,85617,00415,6526,004
Total noncurrent liabilities:69,892312,792314,429314,369347,715400,044263,274
Total liabilities:151,808378,998392,532393,437428,498451,436305,007
Stockholders' equity
Stockholders' equity attributable to parent214,610200,204313,163282,756256,678220,463200,496
Common stock230229228227226225224
Additional paid in capital163,552157,758155,001151,813147,287144,523141,626
Accumulated other comprehensive loss(1,053)(5,495)(2,814)(6,049)(6,572)(6,672)(6,183)
Retained earnings51,88147,712160,748136,765115,73782,38764,829
Total stockholders' equity:214,610200,204313,163282,756256,678220,463200,496
Other undisclosed liabilities and equity206,058      
TOTAL LIABILITIES AND EQUITY:572,476579,202705,695676,193685,176671,899505,503

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
Revenues541,453480,154571,710524,067474,927416,268400,408
Revenue, net474,927416,268400,408
Cost of revenue
(Cost of Goods and Services Sold)
(399,581)(351,874)(402,893)(369,177)(331,841)(282,294)(267,545)
Gross profit:141,872128,280168,817154,890143,086133,974132,863
Operating expenses(90,737)(203,420)(82,244)(81,430)(72,995)(64,856)(55,512)
Operating income (loss):51,135(75,140)86,57373,46070,09169,11877,351
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
22891(765)(758)(115)(277)(193)
Interest and debt expense(4,936)(3,542)(823)(823)(824)(624)(148)
Other undisclosed loss from continuing operations before equity method investments, income taxes (20,238)(22,368)(16,120)(16,237)(4,521)(10,747)
Income (loss) from continuing operations before equity method investments, income taxes:46,427(98,829)62,61755,75952,91563,69666,263
Other undisclosed loss from continuing operations before income taxes(11,839)      
Income (loss) from continuing operations before income taxes:34,588(98,829)62,61755,75952,91563,69666,263
Income tax expense (benefit)(3,897)12,276(13,451)(11,854)2,409(24,687)(22,087)
Net income (loss) attributable to parent:30,691(86,553)49,16643,90555,32439,00944,176
Other undisclosed net loss available to common stockholders, basic      (604)
Net income (loss) available to common stockholders, diluted:30,691(86,553)49,16643,90555,32439,00943,572

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 (loss):30,691(86,553)49,16643,90555,32439,00944,176
Other undisclosed comprehensive income (loss)4,442(2,681)3,2351,652100(489)(155)
Comprehensive income (loss), net of tax, attributable to parent:35,133(89,234)52,40145,55755,42438,52044,021

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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