Turning Point Brands, Inc. (TPB) financial statements (2020 and earlier)

Company profile

Business Address 5201 INTERCHANGE WAY
LOUISVILLE, KY 40229
State of Incorp. DE
Fiscal Year End December 31
SIC 21 - Tobacco Products (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments95333
Cash and cash equivalents95333
Receivables7332
Inventory, net of allowances, customer advances and progress billings71916362
Inventory71916362
Other current assets16151012
Total current assets:1891127979
Noncurrent Assets
Operating lease, right-of-use asset12
Property, plant and equipment141198
Intangible assets, net (including goodwill)188181161162
Goodwill154146135134
Intangible assets, net (excluding goodwill)33352627
Other noncurrent assets11410
Other undisclosed noncurrent assets33313237
Total noncurrent assets:257228203206
TOTAL ASSETS:447339282285
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities41312225
Accounts payable14749
Accrued liabilities27231815
Interest and dividends payable 100
Debt15882
Other undisclosed current liabilities 25815
Total current liabilities:56643842
Noncurrent Liabilities
Long-term debt and lease obligation280187186202
Long-term debt, excluding current maturities269187186202
Operating lease, liability11
Liabilities, other than long-term debt4658
Deferred tax liabilities, net2  
Deferred income tax liabilities2
Liability, pension and other postretirement and postemployment benefits 345
Other liabilities3113
Total noncurrent liabilities:284193191209
Total liabilities:340257229251
Stockholders' equity
Stockholders' equity attributable to parent, including:107835334
Additional paid in capital125110104105
Accumulated other comprehensive loss(4)(3)(3)(4)
Accumulated deficit(15)(26)(48)(67)
Other undisclosed stockholders' equity attributable to parent0000
Total stockholders' equity:107835334
TOTAL LIABILITIES AND EQUITY:447339282285

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues362333286206
Revenue, net286206
Cost of revenue
(Cost of Goods and Services Sold)
(225)(190)(161)(106)
Gross profit:137143125100
Operating expenses(110)(94)(75)(57)
Operating income:27485044
Nonoperating income8011
Investment income, nonoperating3011
Net periodic defined benefits expense (reversal of expense), excluding service cost component5(0)
Interest and debt expense(1)(17)(23)(3)
Income from continuing operations before equity method investments, income taxes:33312742
Other undisclosed income (loss) from continuing operations before income taxes(17)0(0)(27)
Income from continuing operations before income taxes:16322715
Income tax expense (benefit)(2)(6)(7)12
Net income:14252027
Net income attributable to noncontrolling interest  1 
Net income available to common stockholders, diluted:14252027

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:14252027
Other comprehensive income (loss)  1(0)
Comprehensive income:14252127
Comprehensive income, net of tax, attributable to noncontrolling interest  1 
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1)0 (0)
Comprehensive income, net of tax, attributable to parent:13262126

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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