Preformed Line Products Company (PLPC) financial statements (2021 and earlier)

Company profile

Business Address P.O. BOX 91129
CLEVELAND, OH 44101
State of Incorp. OH
Fiscal Year End December 31
SIC 1623 - Water, Sewer, Pipeline, and Communications and Power Line Construction (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 investments39454431303024
Cash and cash equivalents39444431303024
Short-term investments 2     
Receivables84737463646868
Inventory, net of allowances, customer advances and progress billings96857874708074
Inventory96857874708074
Prepaid expense33594710
Other current assets4328673
Other undisclosed current assets75331497
Total current assets:232214207189188201186
Noncurrent Assets
Inventory, Noncurrent     67
Finance lease, right-of-use asset0
Operating lease, right-of-use asset12
Property, plant and equipment12410310910592103100
Intangible assets, net (including goodwill)43242726273226
Goodwill28161716161814
Intangible assets, net (excluding goodwill)1581010111412
Other noncurrent assets15111010121317
Other undisclosed noncurrent assets7781050(4)
Total noncurrent assets:202145153152136153147
TOTAL ASSETS:434359360341325354332
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities43394034314622
Accounts payable282625222022 
Accrued liabilities     1311
Employee-related liabilities1211111091011
Taxes payable2121   
Interest and dividends payable111111 
Debt141023121
Deferred compensation liability7766655
Other undisclosed current liabilities1713151215224
Total current liabilities:81696355525552
Noncurrent Liabilities
Long-term debt and lease obligation62253543323213
Long-term debt, excluding current maturities54253543323213
Operating lease, liability8
Liabilities, other than long-term debt19152419222415
Pension and other postretirement defined benefit plans, liabilities5
Deferred tax liabilities, net222334
Liability for uncertainty in income taxes    022
Liability, pension and other postretirement and postemployment benefits5511101213
Other liabilities148116765
Other undisclosed noncurrent liabilities3      
Total noncurrent liabilities:84405862545628
Total liabilities:16510912111710611180
Stockholders' equity
Stockholders' equity attributable to parent269249239224219243252
Common stock13131313121111
Treasury stock, value(79)(72)(68)(60)(55)  
Additional paid in capital39343025232321
Accumulated other comprehensive loss(57)(60)(47)(57)(54)(35)(18)
Retained earnings353334312303292244238
Stockholders' equity attributable to noncontrolling interest0      
Total stockholders' equity:269249239224219243252
TOTAL LIABILITIES AND EQUITY:434359360341325354332

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
Revenues445421378337355388410
Revenue, net378337355388410
Cost of revenue
(Cost of Goods and Services Sold)
(304)(289)(260)(227)(251)(269)(279)
Other undisclosed gross profit     2 
Gross profit:141132119109103121131
Operating expenses(88)(82)(77)(74)(67)(84)(86)
Other operating expense, net(2)(2)(1)(0)(9)(5)(4)
Other undisclosed operating loss(17)(15)(14)(14)(15)(11)(10)
Operating income:33332621122131
Nonoperating income (expense)(1)(0)(0)(1)(1)01
Investment income, nonoperating1000001
Foreign currency transaction loss, before tax     (3)(4)
Other nonoperating income (expense)0000(0)00
Interest and debt expense(2)(1)(1)(1)(1)(1)(0)
Income from continuing operations before equity method investments, income taxes:29312520112131
Other undisclosed income from continuing operations before income taxes2111110
Income from continuing operations before income taxes:31332621122132
Income tax expense(8)(6)(13)(6)(5)(9)(11)
Net income:2327131571321
Net loss attributable to noncontrolling interest(0)      
Net income available to common stockholders, diluted:2327131571321

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:2327131571321
Other comprehensive income (loss)2(12)10(3)(19)(17)(4)
Comprehensive income (loss):26142312(12)(5)17
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)      
Comprehensive income (loss), net of tax, attributable to parent:26142312(12)(5)17

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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