Proto Labs, Inc. (PRLB) Financial Statements (2023 and earlier)

Company Profile

Business Address 5540 Pioneer Creek
MAPLE PLAIN, MN 55359
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 344 - Fabricated Structural Metal Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

6/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments80,12677,509161,691160,662131,79694,131
Cash and cash equivalents56,55865,929127,603125,22585,04636,707
Short-term investments23,56811,58034,08835,43746,75057,424
Receivables80,26781,37258,41757,45064,91253,335
Inventory, net of allowances, customer advances and progress billings13,57813,16110,86210,07510,08711,271
Inventory13,57813,16110,86210,07510,08711,271
Other undisclosed current assets12,59711,45011,0328,2328,5676,267
Total current assets:186,568183,492242,002236,419215,362165,004
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization17,5321,8982,396 ✕✕
Operating lease, right-of-use asset3,8445,5789,85511,425✕✕
Property, plant and equipment257,785280,346282,666263,712228,001166,440
Long-term investments and receivables26,41914,34059,35712,96023,57937,034
Long-term investments26,41914,34059,35712,96023,57937,034
Intangible assets, net (including goodwill)305,241438,608143,102146,121148,602147,588
Goodwill273,991400,610128,752128,752128,752128,504
Intangible assets, net (excluding goodwill)31,25037,99814,35017,36919,85019,084
Other noncurrent assets4,7794,3204,8263,0303,4412,672
Total noncurrent assets:615,600745,090502,202437,248403,623353,734
TOTAL ASSETS:802,168928,582744,204673,667618,985518,738
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities30,09939,06830,23733,18436,03230,347
Taxes payable✕✕  1,3224912,371
Employee-related liabilities✕✕13,70411,98915,05818,13012,100
Accounts payable17,35625,36418,24816,80417,41115,876
Accrued liabilities12,743     
Debt17,5375505523,340 5,000
Other undisclosed current liabilities23,94515,27819,46511,05716,7028,408
Total current liabilities:71,58154,89650,25447,58152,73443,755
Noncurrent Liabilities
Long-term debt and lease obligation 3,5969,5058,565  
Finance lease, liability 1,3511,919 ✕✕
Liabilities, other than long-term debt32,93941,59740,08931,73124,75413,768
Accounts payable and accrued liabilities      2,181
Deferred tax liabilities, net✕✕✕✕✕20,1626,966
Deferred income tax liabilities26,32235,89233,85426,283✕✕
Other liabilities4,3625,7056,2355,4484,5924,621
Operating lease, liability2,2552,2457,5868,565✕✕
Total noncurrent liabilities:32,93945,19349,59440,29624,75413,768
Total liabilities:104,520100,08999,84887,87777,48857,523
Equity
Equity, attributable to parent697,648828,493644,356585,790541,497461,215
Common stock272827272727
Additional paid in capital473,740468,548284,848268,059258,502241,725
Accumulated other comprehensive loss(34,355)(16,817)(3,420)(7,018)(8,492)(5,234)
Retained earnings258,236376,734362,901324,722291,460224,697
Total equity:697,648828,493644,356585,790541,497461,215
TOTAL LIABILITIES AND EQUITY:802,168928,582744,204673,667618,985518,738

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues488,398488,098434,395458,728445,596344,490
Revenue, net✕✕✕✕✕✕344,490
Cost of revenue(272,933)(265,407)(216,568)(223,438)(206,917)(150,648)
Cost of goods and services sold(272,933)(265,407)(216,568)(223,438)(206,917) 
Gross profit:215,465222,691217,827235,290238,679193,842
Operating expenses(313,448)(182,349)(157,991)(155,434)(149,781)(121,616)
Operating income (loss):(97,983)40,34259,83679,85688,89872,226
Nonoperating income (expense)
(Other Nonoperating Income (Expense))		106(158)3,1091,3372,7572,209
Interest and debt expense (95)(9)(2)   
Other undisclosed loss from continuing operations before equity method investments, income taxes      
Income (loss) from continuing operations before equity method investments, income taxes:(97,972)40,17562,94381,19391,65574,435
Other undisclosed income from continuing operations before income taxes9592   
Income (loss) from continuing operations before income taxes:(97,877)40,18462,94581,19391,65574,435
Income tax expense(5,585)(6,812)(12,078)(17,538)(15,067)(22,657)
Income (loss) from continuing operations:(103,462)33,37250,86763,65576,58851,778
Income before gain (loss) on sale of properties:✕33,37250,86763,65576,58851,778
Net income (loss) available to common stockholders, diluted:(103,462)33,37250,86763,65576,58851,778

Comprehensive Income ($ in thousands)
Annual | Quarterly

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(103,462)33,37250,86763,65576,58851,778
Other comprehensive income1,700900    
Comprehensive income (loss):(101,762)34,27250,86763,65576,58851,778
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(19,238)(14,297)3,5981,474(3,258)5,519
Comprehensive income (loss), net of tax, attributable to parent:(121,000)19,97554,46565,12973,33057,297

Statements Sources

The financial statements are based on the Company's filings with 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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