Preformed Line Products Company (PLPC) financial statements (2022 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 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 45,17538,92945,25744,35830,73730,393
Cash and cash equivalents 45,17538,92943,60944,35830,73730,393
Short-term investments   1,648   
Receivables98,20392,68683,51773,13973,97263,41563,626
Inventory, net of allowances, customer advances and progress billings114,50797,53795,71885,25977,88674,48469,912
Inventory114,50797,53795,71885,25977,88674,48469,912
Prepaid expense19,7782,3712,6013,1695,2668,6824,030
Other current assets3,2173,2564,2892,8822,2148,4366,343
Other undisclosed current assets36,40615,2896,9214,5573,4343,35314,193
Total current assets:272,111256,314231,975214,263207,130189,107188,497
Noncurrent Assets
Finance lease, right-of-use asset  200
Operating lease, right-of-use asset12,40013,13912,453
Property, plant and equipment149,774125,965124,018102,955108,598105,10491,965
Intangible assets, net (including goodwill)40,23343,95142,95624,07926,56426,24427,109
Goodwill28,19429,50827,84015,62116,54415,76915,821
Intangible assets, net (excluding goodwill)12,03914,44315,1168,45810,02010,47511,288
Deferred income tax assets3,83910,863 
Other noncurrent assets10,66110,85514,60510,6009,71910,27411,703
Other undisclosed noncurrent assets  7,3646,9007,77410,2085,299
Total noncurrent assets:216,907204,773201,596144,534152,655151,830136,076
TOTAL ASSETS:489,018461,087433,571358,797359,785340,937324,573
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities58,54153,13043,03039,43339,55134,11030,740
Accounts payable42,37631,64628,28226,41425,14121,97820,377
Employee-related liabilities13,75614,73611,81711,15311,46110,0409,306
Taxes payable1,1085,4561,7588151,9031,055 
Interest and dividends payable1,3011,2921,1731,0511,0461,0371,057
Debt19,53922,64414,11210,4902,3122,763523
Deferred compensation liability7,9478,2527,2136,9826,2846,2515,648
Other undisclosed current liabilities19,50819,74816,71812,58214,68612,33114,980
Total current liabilities:105,535103,77481,07369,48762,83355,45551,891
Noncurrent Liabilities
Long-term debt and lease obligation48,20242,07661,96824,96034,59842,94331,754
Long-term debt, excluding current maturities40,04833,33353,72224,96034,59842,94331,754
Operating lease, liability8,1548,7438,246
Liabilities, other than long-term debt19,18123,16818,84614,98023,81718,99621,944
Deferred tax liabilities, net1,7112,0902,0783,447
Deferred income tax liabilities2,7912,921 
Liability for uncertainty in income taxes      195
Liability, pension and other postretirement and postemployment benefits3,6535,8265,2785,25910,66410,42311,627
Other liabilities12,73714,42113,5688,01011,0636,4956,675
Other undisclosed noncurrent liabilities  3,116    
Total noncurrent liabilities:67,38365,24483,93039,94058,41561,93953,698
Total liabilities:172,918169,018165,003109,427121,248117,394105,589
Stockholders' equity
Stockholders' equity attributable to parent316,117292,078268,535249,370238,537223,543218,984
Common stock13,18513,02812,84812,66212,59312,50812,478
Treasury stock, value(93,836)(88,568)(79,106)(72,280)(68,115)(59,640)(54,570)
Additional paid in capital47,81443,13438,85434,40129,73424,62922,916
Accumulated other comprehensive loss(61,719)(54,551)(57,353)(59,583)(47,440)(57,369)(54,151)
Retained earnings410,673379,035353,292334,170311,765303,415292,311
Stockholders' equity attributable to noncontrolling interest(17)(9)33    
Total stockholders' equity:316,100292,069268,568249,370238,537223,543218,984
TOTAL LIABILITIES AND EQUITY:489,018461,087433,571358,797359,785340,937324,573

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
Revenues517,417466,449444,861420,878378,212336,634354,666
Revenue, net378,212336,634354,666
Cost of revenue
(Cost of Goods and Services Sold)
(351,175)(312,436)(304,266)(288,647)(259,584)(227,220)(251,214)
Gross profit:166,242154,013140,595132,231118,628109,414103,452
Operating expenses(95,796)(91,972)(88,415)(81,756)(77,208)(73,856)(67,471)
Other operating expense, net(3,709)(4,209)(2,366)(2,434)(985)(54)(8,753)
Other undisclosed operating loss(19,188)(17,625)(17,187)(15,107)(14,327)(14,025)(14,879)
Operating income:47,54940,20732,62732,93426,10821,47912,349
Nonoperating income (expense)1,347364(1,169)(346)(302)(526)(643)
Investment income, nonoperating169259783486430291391
Other nonoperating income (expense)3,2012,50126545832927(469)
Interest and debt expense(2,023)(2,396)(2,217)(1,290)(1,061)(844)(565)
Income from continuing operations before equity method investments, income taxes:46,87338,17529,24131,29824,74520,10911,141
Other undisclosed income from continuing operations before income taxes2,0232,3962,2171,2901,061844565
Income from continuing operations before income taxes:48,89640,57131,45832,58825,80620,95311,706
Income tax expense(13,175)(10,810)(8,122)(6,007)(13,152)(5,698)(5,031)
Net income:35,72129,76123,33626,58112,65415,2556,675
Net income (loss) attributable to noncontrolling interest842(33)    
Net income available to common stockholders, diluted:35,72929,80323,30326,58112,65415,2556,675

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:35,72129,76123,33626,58112,65415,2556,675
Other comprehensive income (loss)(7,168)2,8022,230(12,143)9,929(3,218)(19,017)
Comprehensive income (loss):28,55332,56325,56614,43822,58312,037(12,342)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest842(33)    
Comprehensive income (loss), net of tax, attributable to parent:28,56132,60525,53314,43822,58312,037(12,342)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: