10-Q Filing

NATIONAL PRESTO INDUSTRIES INC CIK: 80172 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0000080172-16-000050`
Period End Date	20160331
Filing Date	20160513
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	npk-20160403.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 30 Cash Flow Statement 51

Balance Sheet 71 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
Common stock, shares issued	`CommonStockSharesIssued`	7.44M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.88M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$56.22M	USD	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`	$49.36M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$32.26M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$36.32M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$67.53M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$55.82M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$34.06M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$32.59M	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$57.48M	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$65.10M	USD	Point-in-time
Raw materials and supplies	`InventoryRawMaterialsAndSupplies`	$8.77M	USD	Point-in-time
Raw materials and supplies	`InventoryRawMaterialsAndSupplies`	$8.55M	USD	Point-in-time
Total inventory	`InventoryNet`	$98.62M	USD	Point-in-time
Total inventory	`InventoryNet`	$107.94M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$6.96M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$7.57M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$237.52M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$261.59M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$178.12M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$177.63M	USD	Point-in-time
Less allowance for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$88.60M	USD	Point-in-time
Less allowance for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$86.32M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$89.52M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$91.31M	USD	Point-in-time
GOODWILL	`Goodwill`	$11.48M	USD	Point-in-time
GOODWILL	`Goodwill`	$11.48M	USD	Point-in-time
INTANGIBLE ASSETS, net	`IntangibleAssetsNetExcludingGoodwill`	$5.47M	USD	Point-in-time
INTANGIBLE ASSETS, net	`IntangibleAssetsNetExcludingGoodwill`	$4.90M	USD	Point-in-time
NOTE RECEIVABLE	`NotesAndLoansReceivableNetNoncurrent`	$3.94M	USD	Point-in-time
NOTE RECEIVABLE	`NotesAndLoansReceivableNetNoncurrent`	$3.97M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$3.33M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$3.34M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$10.25M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$9.83M	USD	Point-in-time
Total assets	`Assets`	$387.38M	USD	Point-in-time
Total assets	`Assets`	$358.11M	USD	Point-in-time
Total assets	`Assets`	$360.57M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$31.46M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$32.54M	USD	Point-in-time
Federal and state income taxes	`AccruedIncomeTaxesCurrent`	$3.31M	USD	Point-in-time
Federal and state income taxes	`AccruedIncomeTaxesCurrent`	$2.20M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$13.40M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$13.74M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$48.52M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$48.13M	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`	$7.24M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$6.78M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$340.80M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$312.85M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-9.00K	USD	Point-in-time
Stockholders' Equity before Treasury Stock	`StockholdersEquityBeforeTreasuryStock`	$327.52M	USD	Point-in-time
Stockholders' Equity before Treasury Stock	`StockholdersEquityBeforeTreasuryStock`	$355.01M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$15.47M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$15.75M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$339.25M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$312.05M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$360.57M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$387.38M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$101.00M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$86.50M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$80.12M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$68.72M	USD	1 Quarter
Gross profit	`GrossProfit`	$17.78M	USD	1 Quarter
Gross profit	`GrossProfit`	$20.88M	USD	1 Quarter
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$6.50M	USD	1 Quarter
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$6.16M	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$568.00K	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$2.39M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$12.32M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$10.71M	USD	1 Quarter
Other income, principally interest	`OtherNonoperatingIncomeExpense`	$183.00K	USD	1 Quarter
Other income, principally interest	`OtherNonoperatingIncomeExpense`	$75.00K	USD	1 Quarter
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$10.89M	USD	1 Quarter
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.40M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.29M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.68M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$7.21M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$8.11M	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.94M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.96M	shares	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$1.04	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$1.17	USD	1 Quarter
Unrealized gain on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$5.00K	USD	1 Quarter
Unrealized gain on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$7.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$7.22M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$8.12M	USD	1 Quarter
Cash dividends declared and paid per common share	`CashDividendsDeclaredAndPaid`	$5.05	USD	1 Quarter
Cash dividends declared and paid per common share	`CashDividendsDeclaredAndPaid`	$4.05	USD	1 Quarter

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$7.21M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$8.11M	USD	1 Quarter
Provision for depreciation	`Depreciation`	$2.48M	USD	1 Quarter
Provision for depreciation	`Depreciation`	$2.41M	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$568.00K	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$2.39M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$6.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$4.00K	USD	1 Quarter
Noncash retirement plan expense	`NoncashRetirementPlanExpense`	$231.00K	USD	1 Quarter
Noncash retirement plan expense	`NoncashRetirementPlanExpense`	$198.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-38.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-89.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-17.40M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-11.70M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$4.17M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$9.31M	USD	1 Quarter
Other assets and current assets	`IncreaseDecreaseInOtherOperatingAssets`	$183.00K	USD	1 Quarter
Other assets and current assets	`IncreaseDecreaseInOtherOperatingAssets`	$8.74M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.19M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-733.00K	USD	1 Quarter
Federal and state income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.10M	USD	1 Quarter
Federal and state income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$6.26M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$22.82M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$13.05M	USD	1 Quarter
Marketable securities purchased	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$2.02M	USD	1 Quarter
Marketable securities purchased	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$5.31M	USD	1 Quarter
Marketable securities - maturities and sales	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$3.84M	USD	1 Quarter
Marketable securities - maturities and sales	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$1.26M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.55M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$629.00K	USD	1 Quarter
Sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.00K	USD	1 Quarter
Sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$22.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$292.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-4.68M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$28.11M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$35.16M	USD	1 Quarter
Proceeds from sale of treasury stock	`ProceedsFromSaleOfTreasuryStock`	$323.00K	USD	1 Quarter
Proceeds from sale of treasury stock	`ProceedsFromSaleOfTreasuryStock`	$443.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-5.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-34.72M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-27.80M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-26.35M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.69M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$29.88M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$56.22M	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`	$49.36M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$29.88M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$56.22M	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`	$49.36M	USD	Point-in-time

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