Twin Disc, Incorporated (TWIN) financial statements (2020 and earlier)

Company profile

Business Address 1328 RACINE ST
RACINE, WI 53403
State of Incorp. WI
Fiscal Year End June 30
SIC 356 - General Industrial Machinery And Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments15121516182325
Cash and cash equivalents15121516182325
Receivables33444531254440
Inventory, net of allowances, customer advances and progress billings1351268466678098
Inventory1351268466678098
Prepaid expense612887  
Other current assets886771813
Other undisclosed current assets     55
Total current assets:196202159129125170180
Noncurrent Assets
Property, plant and equipment74714948525660
Intangible assets, net (including goodwill)48515571516
Goodwill26263351313
Intangible assets, net (excluding goodwill)232522223
Other noncurrent assets4444448
Other undisclosed noncurrent assets211818242653
Total noncurrent assets:1471457581898087
TOTAL ASSETS:343347235211214250267
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities74716245366667
Accounts payable26312921152122
Accrued liabilities48403323213331
Employee-related liabilities     1212
Taxes payable      2
Debt22   44
Restructuring reserve     4
Deferred revenue and credits   33
Other undisclosed current liabilities     (19)(17)
Total current liabilities:76736245365757
Noncurrent Liabilities
Long-term debt and lease obligation64405691015
Long-term debt, excluding current maturities51405691015
Operating lease, liability14
Liabilities, other than long-term debt28372436524041
Accounts payable and accrued liabilities11   (2)(2)
Deferred tax liabilities, net711112
Liability, pension and other postretirement and postemployment benefits25262134493837
Other liabilities2222334
Other undisclosed noncurrent liabilities614   22
Total noncurrent liabilities:98912943615358
Total liabilities:174164918797110115
Stockholders' equity
Stockholders' equity attributable to parent169182143123116140152
Common stock42451210121212
Treasury stock, value(19)(21)(24)(24)(27)(28)(28)
Accumulated other comprehensive loss(38)(38)(24)(33)(44)(35)(16)
Retained earnings184196179169176191184
Stockholders' equity attributable to noncontrolling interest1111111
Total stockholders' equity:169183144124117140152
TOTAL LIABILITIES AND EQUITY:343347235211214250267

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

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Revenues269303241168166266264
Revenue, net 168166266264
Cost of revenue
(Cost of Goods and Services Sold)
(204)(213)(160)(120)(126)(183)(187)
Gross profit:65908048418377
Operating expenses(71)(73)(65)(57)(66)(72)(73)
Other operating income, net22     
Other undisclosed operating income    045
Operating income (loss):(5)1815(9)(25)159
Nonoperating income (expense)(2)(2)(0)(0)(0)2(0)
Investment income, nonoperating 000000
Foreign currency transaction gain (loss), before tax     0(0)
Other nonoperating income (expense)(1)(2)(0)(0)(0)10
Interest and debt expense(2)(2)(0)(0)(0)(1)(1)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes     (0)0
Income (loss) from continuing operations before income taxes:(8)1514(10)(25)168
Income tax expense (benefit)(1)(4)(5)312(5)(4)
Net income (loss):(9)1110(6)(13)114
Net loss attributable to noncontrolling interest(0)(0)(0)(0)(0)(0)(0)
Net income (loss) attributable to parent:(9)1110(6)(13)114
Undistributed earnings (loss) allocated to participating securities, basic(0)(0)(0)
Net income (loss) available to common stockholders, diluted:(9)119(6)(13)114

Comprehensive Income ($ in millions)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Net income (loss):(9)1110(6)(13)114
Other comprehensive income13131122282421
Other undisclosed comprehensive loss(19)(20)(3)(10)(36)(44)(12)
Comprehensive income (loss):(15)3195(22)(8)14
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)(0)(0)(0)(0)(0)(0)
Comprehensive income (loss), net of tax, attributable to parent:(15)3185(22)(8)14

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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