RBC Bearings Incorporated (ROLL) Financial Statements (2024 and earlier)

Company Profile

Business Address ONE TRIBOLOGY CENTER
OXFORD, CT 06478
State of Incorp.
Fiscal Year End March 31
Industry (SIC) 3562 - Ball and Roller Bearings (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
3/31/2023
12/31/2022
MRQ
3/31/2022
3/31/2021
3/31/2020
3/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments65,40082,036182,862241,335103,25529,884
Cash and cash equivalents65,40082,036182,862151,086103,25529,884
Short-term investments    90,249  
Receivables239,600214,536247,487110,472128,995130,735
Inventory, net of allowances, customer advances and progress billings587,200577,627516,140364,147367,494335,001
Inventory587,200577,627516,140364,147367,494335,001
Contract with customer, asset, after allowance for credit loss    2,6041,895
Derivative instruments and hedges, assets 4,5005,0113,8825,584  
Other undisclosed current assets16,60022,56111,8666,6649,6585,766
Total current assets:913,300901,771962,237728,202612,006503,281
Noncurrent Assets
Operating lease, right-of-use asset41,40042,01544,53535,66428,953
Property, plant and equipment375,300375,763386,732208,264219,846207,895
Intangible assets, net (including goodwill)3,322,7003,337,9113,413,619431,935440,523417,072
Goodwill1,869,8001,869,2381,902,104277,536277,776261,431
Intangible assets, net (excluding goodwill)1,452,9001,468,6731,511,515154,399162,747155,641
Other noncurrent assets37,70035,42138,29430,19520,58419,119
Total noncurrent assets:3,777,1003,791,1103,883,180706,058709,906644,086
TOTAL ASSETS:4,690,4004,692,8814,845,4171,434,2601,321,9121,147,367
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities186,400136,722207,13939,25154,53852,277
Interest and dividends payable10,987   
Employee-related liabilities2,3122,9153,5002,685
Accounts payable146,800136,722158,60636,33651,03849,592
Accrued liabilities39,600 35,234   
Deferred revenue20,600 19,55616,99811,116
Debt1,500 1,5432,61212,137467
Contract with customer, liability10,121
Other liabilities9,500 17,529   
Other undisclosed current liabilities91,300145,95067,69329,37725,96427,264
Total current liabilities:309,300282,672313,46088,238103,75590,129
Noncurrent Liabilities
Long-term debt and lease obligation1,393,5001,462,5341,723,47843,47739,97943,179
Long-term debt, excluding current maturities1,393,5001,462,5341,686,79813,49516,58343,179
Liabilities, other than long-term debt, including:4,100466,7491,2198496994
Accounts payable and accrued liabilities 14,600 18,05418,658  
Deferred revenue 19,800 10,4013,7542,427
Contract with customer, liability587
Deferred compensation liability, classified 25,700 26,38025,189  
Deferred tax liabilities, net6,862
Deferred income tax liabilities295,100303,999315,46317,178 
Liability, pension and other postretirement and postemployment benefits 10,000 16,3067,807  
Other liabilities122,700128,215120,40855,41643,61938,631
Operating lease, liability33,90034,53536,68029,98223,396
Other undisclosed liabilities, other than long-term debt (517,700) (505,793)(127,994)(45,550)(45,086)
Other undisclosed noncurrent liabilities 447,600 434,65272,58659,68344,499
Total noncurrent liabilities:1,845,2001,929,2832,159,349116,071100,15888,672
Total liabilities:2,154,5002,211,9552,472,809204,309203,913178,801
Equity
Equity, attributable to parent2,535,9002,480,9262,372,6081,229,9511,117,999968,566
Preferred stock  4646   
Common stock300300298261259256
Treasury stock, value(80,100)(78,911)(72,352)(63,826)(56,981)(44,772)
Additional paid in capital1,589,9001,585,7011,564,261445,073412,400378,655
Accumulated other comprehensive loss(4,100)(12,683)(5,800)(10,409)(6,898)(7,467)
Retained earnings1,029,900986,473886,155858,852769,219641,894
Total equity:2,535,9002,480,9262,372,6081,229,9511,117,999968,566
TOTAL LIABILITIES AND EQUITY:4,690,4004,692,8814,845,4171,434,2601,321,9121,147,367

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

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Revenues1,469,3001,433,751942,937608,984727,461702,516
Other operating income293,00037,570    
Cost of revenue(864,500)(609,278)(585,869)(374,878)(438,358)(425,863)
Cost of goods and services sold(864,500)(857,926)(585,869)(374,878)(438,358)(425,863)
Other undisclosed gross profit (248,648)    
Gross profit:604,800575,825357,068234,106289,103276,653
Operating expenses(311,800)(320,069)(235,974)(122,648)(132,318)(144,618)
Operating income:293,000255,756121,094111,458156,785132,035
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(6,600)(2,685)(834)31(761)(772)
Interest and debt expense(76,700)(68,605)(41,510)(1,430)(1,885)(5,173)
Income from continuing operations before income taxes:209,700184,46678,750110,059154,139126,090
Income tax expense(43,000)(45,117)(24,040)(20,426)(28,103)(20,897)
Income from continuing operations:166,700139,34954,71089,633126,036105,193
Income before gain (loss) on sale of properties:103,08554,71089,633126,036105,193
Net income attributable to parent:166,700139,34954,71089,633126,036105,193
Other undisclosed net loss available to common stockholders, basic(22,900)(22,936)(12,011)   
Net income available to common stockholders, diluted:143,800116,41342,69989,633126,036105,193

Comprehensive Income ($ in thousands)

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Net income:166,700139,34954,71089,633126,036105,193
Other comprehensive income (loss)4,300(2,083)3,084(5,449)(1,858)(5,182)
Comprehensive income:171,000137,26657,79484,184124,178100,011
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2,600)2961,5251,9383,716 
Comprehensive income, net of tax, attributable to parent:168,400137,56259,31986,122127,894100,011

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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