Proto Labs, Inc. (PRLB) financial statements (2022 and earlier)

Company profile

Business Address 5540 Pioneer Creek
MAPLE PLAIN, MN 55359
State of Incorp.
Fiscal Year End December 31
SIC 344 - Fabricated Structural Metal Products (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 investments77,509161,691160,662131,79694,131108,27280,854
Cash and cash equivalents65,929127,603125,22585,04636,70768,79547,653
Short-term investments11,58034,08835,43746,75057,42439,47733,201
Receivables81,37258,41757,45064,91253,33534,50542,153
Inventory, net of allowances, customer advances and progress billings13,16110,86210,07510,08711,2719,3109,771
Inventory13,16110,86210,07510,08711,2719,3109,771
Other undisclosed current assets11,45011,0328,2328,5676,2675,6975,224
Total current assets:183,492242,002236,419215,362165,004157,784138,002
Noncurrent Assets
Finance lease, right-of-use asset1,8982,396 
Operating lease, right-of-use asset5,5789,85511,425
Property, plant and equipment280,346282,666263,712228,001166,440139,474125,475
Long-term investments and receivables14,34059,35712,96023,57937,03484,47964,789
Long-term investments14,34059,35712,96023,57937,03484,47964,789
Intangible assets, net (including goodwill)438,608143,102146,121148,602147,58831,57132,253
Goodwill400,610128,752128,752128,752128,50428,91628,916
Intangible assets, net (excluding goodwill)37,99814,35017,36919,85019,0842,6553,337
Other noncurrent assets4,3204,8263,0303,4412,672933517
Total noncurrent assets:745,090502,202437,248403,623353,734256,457223,034
TOTAL ASSETS:928,582744,204673,667618,985518,738414,241361,036
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities39,06830,23733,18436,03230,34718,99223,636
Accounts payable25,36418,24816,80417,41115,87611,32213,643
Employee-related liabilities13,70411,98915,05818,13012,1007,6709,993
Taxes payable  1,3224912,371  
Debt5505523,340 5,000  
Other undisclosed current liabilities15,27819,46511,05716,7028,4084,4352,626
Total current liabilities:54,89650,25447,58152,73443,75523,42726,262
Noncurrent Liabilities
Long-term debt and lease obligation3,5969,5058,565    
Finance lease, liability1,3511,919 
Operating lease, liability2,2457,5868,565
Liabilities, other than long-term debt41,59740,08931,73124,75413,76810,9817,129
Accounts payable and accrued liabilities    2,181  
Deferred tax liabilities, net20,1626,9667,0034,240
Deferred income tax liabilities35,89233,85426,283
Other liabilities5,7056,2355,4484,5924,6213,9782,889
Total noncurrent liabilities:45,19349,59440,29624,75413,76810,9817,129
Total liabilities:100,08999,84887,87777,48857,52334,40833,391
Stockholders' equity
Stockholders' equity attributable to parent828,493644,356585,790541,497461,215379,833327,645
Common stock28272727272626
Additional paid in capital468,548284,848268,059258,502241,725213,857198,835
Accumulated other comprehensive loss(16,817)(3,420)(7,018)(8,492)(5,234)(10,753)(5,212)
Retained earnings376,734362,901324,722291,460224,697176,703133,996
Total stockholders' equity:828,493644,356585,790541,497461,215379,833327,645
TOTAL LIABILITIES AND EQUITY:928,582744,204673,667618,985518,738414,241361,036

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
Revenues488,098434,395458,728445,596344,490298,055264,106
Revenue, net344,490298,055264,106
Cost of revenue(265,407)(216,568)(223,438)(206,917)(150,648)(131,118)(109,703)
Cost of goods and services sold(265,407)(216,568)(223,438)(206,917)   
Gross profit:222,691217,827235,290238,679193,842166,937154,403
Operating expenses(182,349)(157,991)(155,434)(149,781)(121,616)(105,170)(87,254)
Operating income:40,34259,83679,85688,89872,22661,76767,149
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(158)3,1091,3372,7572,2092,454712
Interest and debt expense(9)(2)     
Income from continuing operations before equity method investments, income taxes:40,17562,94381,19391,65574,43564,22167,861
Other undisclosed income from continuing operations before income taxes92     
Income from continuing operations before income taxes:40,18462,94581,19391,65574,43564,22167,861
Income tax expense(6,812)(12,078)(17,538)(15,067)(22,657)(21,514)(21,347)
Net income available to common stockholders, diluted:33,37250,86763,65576,58851,77842,70746,514

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:33,37250,86763,65576,58851,77842,70746,514
Other comprehensive income (loss)900    (5,541)(2,283)
Comprehensive income:34,27250,86763,65576,58851,77837,16644,231
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(14,297)3,5981,474(3,258)5,519  
Comprehensive income, net of tax, attributable to parent:19,97554,46565,12973,33057,29737,16644,231

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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