Raven Industries, Inc. (RAVN) Financial Statements (2023 and Earlier)

Company Profile

Business Address 205 E 6TH ST
SIOUX FALLS, SD 57117
State of Incorp. SD
Fiscal Year End January 31
Industry (SIC) 3081 - Unsupported Plastics Film and Sheet (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

7/31/2021
TTM
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 32,93820,70765,78740,53550,64833,782
Cash and cash equivalents 32,93820,70765,78740,53550,64833,782
Receivables 48,66962,55254,47258,53243,14338,069
Inventory, net of allowances, customer advances and progress billings 52,70353,89954,07655,35142,33645,888
Inventory 52,70353,89954,07655,35142,33645,888
Other current assets 5,7765,4368,7365,8612,6894,884
Other undisclosed current assets      3,110
Total current assets: 140,086142,594183,071160,279138,816125,733
Noncurrent Assets
Property, plant and equipment 106,007100,850106,615106,280106,324116,162
Intangible assets, net (including goodwill) 152,262152,72667,23557,29452,69760,588
Goodwill 107,677106,50950,94246,71040,64944,756
Intangible assets, net (excluding goodwill) 44,58546,21716,29310,58412,04815,832
Other noncurrent assets 11,0167,0873,3242,9503,6724,127
Total noncurrent assets: 269,285260,663177,174166,524162,693180,877
TOTAL ASSETS: 409,371403,257360,245326,803301,509306,610
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 49,04035,63631,75035,05226,52218,080
Accounts payable 18,63914,8938,27213,1068,4676,038
Accrued liabilities 30,40120,74323,47821,94618,05512,042
Customer advances and deposits1,8901,860739
Other liabilities 2,9982,287    
Other undisclosed current liabilities   1,303   
Total current liabilities: 52,03837,92333,05336,94228,38218,819
Noncurrent Liabilities
Liabilities, other than long-term debt 23,99729,16120,61115,80513,69618,926
Other liabilities 23,99729,16118,23513,79513,69618,926
Business combination, contingent consideration, liability   2,3762,010  
Other undisclosed noncurrent liabilities 1,981225(16,759)(15,533)(13,482) 
Total noncurrent liabilities: 25,97829,3863,85227221418,926
Other undisclosed liabilities   14,38313,52313,482 
Total liabilities: 78,01667,30951,28850,73742,07837,745
Temporary equity, carrying amount  21,302    
Stockholders' equity
Stockholders' equity attributable to parent 331,355314,646308,955276,064259,426268,791
Common stock 67,53367,43667,28967,12467,06067,006
Treasury stock, value (111,183)(111,183)(100,402)(100,402)(90,402)(82,700)
Additional paid in capital 66,67061,50859,65559,14355,79554,830
Accumulated other comprehensive loss (3,341)(5,415)(3,556)(2,573)(3,676)(3,501)
Retained earnings 311,676302,300285,969252,772230,649233,156
Stockholders' equity attributable to noncontrolling interest   22574
Total stockholders' equity: 331,355314,646308,957276,066259,431268,865
TOTAL LIABILITIES AND EQUITY: 409,371403,257360,245326,803301,509306,610

Income Statement (P&L) ($ in thousands)

7/31/2021
TTM
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
Revenues 348,359382,530406,668377,317277,395258,229
Revenue, net377,317277,395258,229
Cost of revenue
(Cost of Goods and Services Sold)
 (230,557)(258,783)(274,119)(255,752)(199,205)(192,444)
Gross profit: 117,802123,747132,549121,56578,19065,785
Operating expenses (98,151)(83,808)(77,416)(62,395)(49,777)(54,693)
Operating income: 19,65139,93955,13359,17028,41311,092
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
 (476)956,437(184)(560)(310)
Interest and debt expense (24)     
Income from continuing operations before equity method investments, income taxes: 19,15140,03461,57058,98627,85310,782
Other undisclosed income from continuing operations before income taxes 24     
Income from continuing operations before income taxes: 19,17540,03461,57058,98627,85310,782
Income tax expense (397)(5,421)(9,697)(17,967)(7,661)(2,221)
Net income: 18,77834,61351,87341,01920,1928,561
Net income (loss) attributable to noncontrolling interest 98583(79)3(1)(72)
Net income available to common stockholders, diluted: 18,87635,19651,79441,02220,1918,489

Comprehensive Income ($ in thousands)

7/31/2021
TTM
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
Net income: 18,77834,61351,87341,01920,1928,561
Other comprehensive income (loss) 2,074(1,859)(703)1,103(175)2,348
Comprehensive income: 20,85232,75451,17042,12220,01710,909
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 98583(79)3(1)(72)
Comprehensive income, net of tax, attributable to parent: 20,95033,33751,09142,12520,01610,837

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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