10-Q Filing

NATIONAL PRESTO INDUSTRIES INC CIK: 80172 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0000080172-15-000027`
Period End Date	20150930
Filing Date	20151113
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	npk-20151004.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 59 Cash Flow Statement 58

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	12.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	12.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$40.06M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$22.95M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	7.44M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$54.04M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	7.44M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$25.29M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$24.58M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$22.40M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$68.75M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$50.88M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$30.31M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$44.45M	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$62.83M	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$50.57M	USD	Point-in-time
Raw materials and supplies	`InventoryRawMaterialsAndSupplies`	$8.94M	USD	Point-in-time
Raw materials and supplies	`InventoryRawMaterialsAndSupplies`	$8.18M	USD	Point-in-time
Total inventory	`InventoryNet`	$116.22M	USD	Point-in-time
Total inventory	`InventoryNet`	$89.06M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$6.62M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$6.62M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$317.00K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.67M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$9.01M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$9.67M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$252.22M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$247.69M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$171.26M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$176.31M	USD	Point-in-time
Less allowance for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$75.72M	USD	Point-in-time
Less allowance for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$82.91M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$93.40M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$95.54M	USD	Point-in-time
GOODWILL	`Goodwill`	$11.48M	USD	Point-in-time
GOODWILL	`Goodwill`	$11.48M	USD	Point-in-time
INTANGIBLE ASSETS, net	`IntangibleAssetsNetExcludingGoodwill`	$10.64M	USD	Point-in-time
INTANGIBLE ASSETS, net	`IntangibleAssetsNetExcludingGoodwill`	$7.00M	USD	Point-in-time
NOTE RECEIVABLE	`NotesAndLoansReceivableNetNoncurrent`	$3.82M	USD	Point-in-time
NOTE RECEIVABLE	`NotesAndLoansReceivableNetNoncurrent`	$3.91M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$4.65M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$10.57M	USD	Point-in-time
Total assets	`Assets`	$374.06M	USD	Point-in-time
Total assets	`Assets`	$378.36M	USD	Point-in-time
Total assets	`Assets`	$367.28M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$31.14M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$32.95M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$15.68M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$14.80M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$48.63M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$45.94M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$4.29M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$4.29M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $1 par value: Authorized: 12,000,000 shares; Issued: 7,440,518 shares	`CommonStockValue`	$7.44M	USD	Point-in-time
Common stock, $1 par value: Authorized: 12,000,000 shares; Issued: 7,440,518 shares	`CommonStockValue`	$7.44M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$6.57M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$5.91M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$325.64M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$328.42M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.00K	USD	Point-in-time
Stockholders' Equity before Treasury Stock	`StockholdersEquityBeforeTreasuryStock`	$341.76M	USD	Point-in-time
Stockholders' Equity before Treasury Stock	`StockholdersEquityBeforeTreasuryStock`	$339.65M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$15.82M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$16.32M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$323.83M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$325.44M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$378.36M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$374.06M	USD	Point-in-time

Income Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$294.27M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$270.33M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$90.90M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$95.46M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$79.30M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$71.78M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$233.84M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$222.30M	USD	3 Qtrs
Gross profit	`GrossProfit`	$16.16M	USD	1 Quarter
Gross profit	`GrossProfit`	$60.43M	USD	3 Qtrs
Gross profit	`GrossProfit`	$19.12M	USD	1 Quarter
Gross profit	`GrossProfit`	$48.03M	USD	3 Qtrs
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$6.62M	USD	1 Quarter
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$18.36M	USD	3 Qtrs
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$5.62M	USD	1 Quarter
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$18.57M	USD	3 Qtrs
Intangibles amortization	`AmortizationOfIntangibleAssets`	$356.00K	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$2.69M	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$3.64M	USD	3 Qtrs
Intangibles amortization	`AmortizationOfIntangibleAssets`	$8.52M	USD	3 Qtrs
Operating profit	`OperatingIncomeLoss`	$38.23M	USD	3 Qtrs
Operating profit	`OperatingIncomeLoss`	$21.15M	USD	3 Qtrs
Operating profit	`OperatingIncomeLoss`	$7.85M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$12.14M	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$236.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$412.00K	USD	3 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$41.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$353.00K	USD	3 Qtrs
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$21.50M	USD	3 Qtrs
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.89M	USD	1 Quarter
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.38M	USD	1 Quarter
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$38.64M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$13.30M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$7.52M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.27M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.77M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$5.12M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$25.34M	USD	3 Qtrs
Net earnings	`NetIncomeLoss`	$8.11M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$13.98M	USD	3 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.95M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.95M	shares	3 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.93M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.93M	shares	3 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$1.17	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$3.65	USD	3 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.74	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$2.02	USD	3 Qtrs
Unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-3.00K	USD	1 Quarter
Unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-7.00K	USD	1 Quarter
Unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-1.00K	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$8.10M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$13.98M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$25.34M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$5.12M	USD	1 Quarter
Cash dividends declared and paid per common share	`CashDividendsDeclaredAndPaid`	$5.05	USD	3 Qtrs
Cash dividends declared and paid per common share	`CashDividendsDeclaredAndPaid`	$4.05	USD	3 Qtrs
Cash dividends declared and paid per common share	`CashDividendsDeclaredAndPaid`	-	USD	1 Quarter
Cash dividends declared and paid per common share	`CashDividendsDeclaredAndPaid`	-	USD	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$5.12M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$25.34M	USD	3 Qtrs
Net earnings	`NetIncomeLoss`	$8.11M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$13.98M	USD	3 Qtrs
Provision for depreciation	`Depreciation`	$7.70M	USD	3 Qtrs
Provision for depreciation	`Depreciation`	$7.20M	USD	3 Qtrs
Intangibles amortization	`AmortizationOfIntangibleAssets`	$356.00K	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$2.69M	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$3.64M	USD	3 Qtrs
Intangibles amortization	`AmortizationOfIntangibleAssets`	$8.52M	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$279.00K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$424.00K	USD	3 Qtrs
Noncash retirement plan expense	`NoncashRetirementPlanExpense`	$586.00K	USD	3 Qtrs
Noncash retirement plan expense	`NoncashRetirementPlanExpense`	$363.00K	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-107.00K	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-156.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-17.59M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-35.13M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$27.16M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$16.31M	USD	3 Qtrs
Other assets and current assets	`IncreaseDecreaseInOtherOperatingAssets`	$5.25M	USD	3 Qtrs
Other assets and current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-3.10M	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.68M	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-6.70M	USD	3 Qtrs
Federal and state income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-6.28M	USD	3 Qtrs
Federal and state income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.33M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$21.52M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$39.53M	USD	3 Qtrs
Marketable securities purchased	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$9.87M	USD	3 Qtrs
Marketable securities purchased	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$2.83M	USD	3 Qtrs
Marketable securities - maturities and sales	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$18.61M	USD	3 Qtrs
Marketable securities - maturities and sales	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$7.70M	USD	3 Qtrs
Marketable securities - maturities and sales	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$3.35M	USD	1 Quarter
Marketable securities - maturities and sales	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$4.22M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.56M	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.15M	USD	3 Qtrs
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$10.53M	USD	3 Qtrs
Sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$304.00K	USD	3 Qtrs
Sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$23.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-7.71M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.60M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$28.11M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$34.95M	USD	3 Qtrs
Proceeds from sale of treasury stock	`ProceedsFromSaleOfTreasuryStock`	$362.00K	USD	3 Qtrs
Proceeds from sale of treasury stock	`ProceedsFromSaleOfTreasuryStock`	$323.00K	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-5.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-27.80M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-34.59M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.34M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-13.98M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$40.06M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$22.95M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$54.04M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$25.29M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$40.06M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$22.95M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$54.04M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$25.29M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.