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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments45394544313030
Cash and cash equivalents45394444313030
Short-term investments  2    
Receivables93847374636468
Inventory, net of allowances, customer advances and progress billings98968578747080
Inventory98968578747080
Prepaid expense2335947
Other current assets3432867
Other undisclosed current assets157533149
Total current assets:256232214207189188201
Noncurrent Assets
Inventory, Noncurrent      6
Finance lease, right-of-use asset 0
Operating lease, right-of-use asset1312
Property, plant and equipment12612410310910592103
Intangible assets, net (including goodwill)44432427262732
Goodwill30281617161618
Intangible assets, net (excluding goodwill)1415810101114
Deferred income tax assets11 
Other noncurrent assets11151110101213
Other undisclosed noncurrent assets 7781050
Total noncurrent assets:205202145153152136153
TOTAL ASSETS:461434359360341325354
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities53433940343146
Accounts payable32282625222022
Accrued liabilities      13
Employee-related liabilities1512111110910
Taxes payable52121  
Interest and dividends payable1111111
Debt2314102312
Deferred compensation liability8776665
Other undisclosed current liabilities2017131512152
Total current liabilities:104816963555255
Noncurrent Liabilities
Long-term debt and lease obligation42622535433232
Long-term debt, excluding current maturities33542535433232
Operating lease, liability98
Liabilities, other than long-term debt23191524192224
Deferred tax liabilities, net22233
Deferred income tax liabilities3 
Liability for uncertainty in income taxes     02
Liability, pension and other postretirement and postemployment benefits65511101213
Other liabilities1414811676
Other undisclosed noncurrent liabilities 3     
Total noncurrent liabilities:65844058625456
Total liabilities:169165109121117106111
Stockholders' equity
Stockholders' equity attributable to parent292269249239224219243
Common stock13131313131211
Treasury stock, value(89)(79)(72)(68)(60)(55) 
Additional paid in capital43393430252323
Accumulated other comprehensive loss(55)(57)(60)(47)(57)(54)(35)
Retained earnings379353334312303292244
Stockholders' equity attributable to noncontrolling interest(0)0     
Total stockholders' equity:292269249239224219243
TOTAL LIABILITIES AND EQUITY:461434359360341325354

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues466445421378337355388
Revenue, net378337355388
Cost of revenue
(Cost of Goods and Services Sold)
(312)(304)(289)(260)(227)(251)(269)
Other undisclosed gross profit      2
Gross profit:154141132119109103121
Operating expenses(92)(88)(82)(77)(74)(67)(84)
Other operating expense, net(4)(2)(2)(1)(0)(9)(5)
Other undisclosed operating loss(18)(17)(15)(14)(14)(15)(11)
Operating income:40333326211221
Nonoperating income (expense)0(1)(0)(0)(1)(1)0
Investment income, nonoperating0100000
Foreign currency transaction loss, before tax      (3)
Other nonoperating income (expense)30000(0)0
Interest and debt expense(2)(2)(1)(1)(1)(1)(1)
Income from continuing operations before equity method investments, income taxes:38293125201121
Other undisclosed income from continuing operations before income taxes2211111
Income from continuing operations before income taxes:41313326211221
Income tax expense(11)(8)(6)(13)(6)(5)(9)
Net income:3023271315713
Net income (loss) attributable to noncontrolling interest0(0)     
Net income available to common stockholders, diluted:3023271315713

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:3023271315713
Other comprehensive income (loss)32(12)10(3)(19)(17)
Comprehensive income (loss):3326142312(12)(5)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(0)     
Comprehensive income (loss), net of tax, attributable to parent:3326142312(12)(5)

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: