Twin Disc, Incorporated (TWIN) financial statements (2021 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)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12111215161823
Cash and cash equivalents12111215161823
Receivables32314445312544
Inventory, net of allowances, customer advances and progress billings12212112684666780
Inventory12212112684666780
Prepaid expense4512887 
Other current assets57867718
Other undisclosed current assets      5
Total current assets:175174202159129125170
Noncurrent Assets
Property, plant and equipment78737149485256
Intangible assets, net (including goodwill)19195155715
Goodwill  2633513
Intangible assets, net (excluding goodwill)1919252222
Deferred income tax assets3124
Other noncurrent assets3444444
Other undisclosed noncurrent assets  181824265
Total noncurrent assets:13112014575818980
TOTAL ASSETS:307294347235211214250
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities70627162453666
Accounts payable27263129211521
Accrued liabilities43364033232133
Employee-related liabilities      12
Debt652   4
Restructuring reserve      4
Deferred revenue and credits   3
Other undisclosed current liabilities      (19)
Total current liabilities:75677362453657
Noncurrent Liabilities
Long-term debt and lease obligation54514056910
Long-term debt, excluding current maturities36384056910
Operating lease, liability1813
Liabilities, other than long-term debt35363724365240
Accounts payable and accrued liabilities  1   (2)
Deferred tax liabilities, net71111
Deferred income tax liabilities66
Liability, pension and other postretirement and postemployment benefits27282621344938
Other liabilities2322233
Other undisclosed noncurrent liabilities  14   2
Total noncurrent liabilities:89879129436153
Total liabilities:164154164918797110
Stockholders' equity
Stockholders' equity attributable to parent142139182143123116140
Common stock40434512101212
Treasury stock, value(15)(19)(21)(24)(24)(27)(28)
Accumulated other comprehensive loss(31)(41)(38)(24)(33)(44)(35)
Retained earnings148157196179169176191
Stockholders' equity attributable to noncontrolling interest1111111
Total stockholders' equity:142140183144124117140
TOTAL LIABILITIES AND EQUITY:307294347235211214250

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

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Revenues223247303241168166266
Revenue, net 168166266
Cost of revenue
(Cost of Goods and Services Sold)
(172)(191)(213)(160)(120)(126)(183)
Gross profit:50569080484183
Operating expenses(86)(96)(73)(65)(57)(66)(72)
Other operating income, net  2    
Other undisclosed operating income     04
Operating income (loss):(36)(40)1815(9)(25)15
Nonoperating income (expense)(4)(2)(2)(0)(0)(0)2
Investment income, nonoperating 000000
Foreign currency transaction gain, before tax      0
Other nonoperating income (expense)(4)(2)(2)(0)(0)(0)1
Interest and debt expense(2)(2)(2)(0)(0)(0)(1)
Other undisclosed loss from continuing operations before equity method investments, income taxes      (0)
Income (loss) from continuing operations before income taxes:(42)(44)1514(10)(25)16
Income tax expense (benefit)74(4)(5)312(5)
Net income (loss):(35)(40)1110(6)(13)11
Net loss attributable to noncontrolling interest(0)(0)(0)(0)(0)(0)(0)
Net income (loss) attributable to parent:(35)(40)1110(6)(13)11
Undistributed earnings (loss) allocated to participating securities, basic  (0)(0)
Net income (loss) available to common stockholders, diluted:(35)(40)119(6)(13)11

Comprehensive Income ($ in millions)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Net income (loss):(35)(40)1110(6)(13)11
Other comprehensive income13131311222824
Other undisclosed comprehensive loss(6)(16)(20)(3)(10)(36)(44)
Comprehensive income (loss):(28)(43)3195(22)(8)
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:(29)(43)3185(22)(8)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: