10-Q Filing

NATIONAL PRESTO INDUSTRIES INC CIK: 80172 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0000080172-16-000072`
Period End Date	20160930
Filing Date	20161114
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	npk-20161002.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 59 Cash Flow Statement 60

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
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`	$56.22M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$40.06M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	7.44M	shares	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$65.78M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$32.26M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$58.13M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$67.53M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$40.60M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$32.59M	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$78.97M	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$57.48M	USD	Point-in-time
Raw materials and supplies	`InventoryRawMaterialsAndSupplies`	$8.46M	USD	Point-in-time
Raw materials and supplies	`InventoryRawMaterialsAndSupplies`	$8.55M	USD	Point-in-time
Total inventory	`InventoryNet`	$128.03M	USD	Point-in-time
Total inventory	`InventoryNet`	$98.62M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$3.66M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$7.96M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$6.96M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$271.58M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$261.59M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$180.97M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$177.63M	USD	Point-in-time
Less allowance for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$86.32M	USD	Point-in-time
Less allowance for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$95.55M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$91.31M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$85.42M	USD	Point-in-time
GOODWILL	`Goodwill`	$11.48M	USD	Point-in-time
GOODWILL	`Goodwill`	$11.48M	USD	Point-in-time
INTANGIBLE ASSETS, net	`IntangibleAssetsNetExcludingGoodwill`	$5.11M	USD	Point-in-time
INTANGIBLE ASSETS, net	`IntangibleAssetsNetExcludingGoodwill`	$5.47M	USD	Point-in-time
NOTES RECEIVABLE	`NotesAndLoansReceivableNetNoncurrent`	$6.48M	USD	Point-in-time
NOTES RECEIVABLE	`NotesAndLoansReceivableNetNoncurrent`	$3.94M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$3.34M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$6.50M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$10.25M	USD	Point-in-time
Total assets	`Assets`	$369.77M	USD	Point-in-time
Total assets	`Assets`	$387.38M	USD	Point-in-time
Total assets	`Assets`	$386.59M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$40.65M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$32.54M	USD	Point-in-time
Federal and state income taxes	`AccruedIncomeTaxesCurrent`	$2.20M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$15.04M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$13.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$48.13M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$55.69M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$1.71M	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`	$6.78M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$7.67M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$329.43M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$340.80M	USD	Point-in-time
Accumulated other comprehensive (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-20.00K	USD	Point-in-time
Accumulated other comprehensive (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-9.00K	USD	Point-in-time
Stockholders' Equity before Treasury Stock	`StockholdersEquityBeforeTreasuryStock`	$344.52M	USD	Point-in-time
Stockholders' Equity before Treasury Stock	`StockholdersEquityBeforeTreasuryStock`	$355.01M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$15.34M	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`	$329.19M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$387.38M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$386.59M	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`	$93.08M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$90.90M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$267.56M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$74.61M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$212.90M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$71.78M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$233.84M	USD	3 Qtrs
Gross profit	`GrossProfit`	$60.43M	USD	3 Qtrs
Gross profit	`GrossProfit`	$19.12M	USD	1 Quarter
Gross profit	`GrossProfit`	$54.66M	USD	3 Qtrs
Gross profit	`GrossProfit`	$18.46M	USD	1 Quarter
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$6.62M	USD	1 Quarter
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$19.08M	USD	3 Qtrs
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$6.23M	USD	1 Quarter
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$18.57M	USD	3 Qtrs
Intangibles amortization	`AmortizationOfIntangibleAssets`	$3.64M	USD	3 Qtrs
Intangibles amortization	`AmortizationOfIntangibleAssets`	$568.00K	USD	3 Qtrs
Intangibles amortization	`AmortizationOfIntangibleAssets`	$356.00K	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$12.14M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$12.24M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$38.23M	USD	3 Qtrs
Operating profit	`OperatingIncomeLoss`	$35.01M	USD	3 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$412.00K	USD	3 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$223.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$236.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$591.00K	USD	3 Qtrs
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$35.60M	USD	3 Qtrs
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.38M	USD	1 Quarter
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.46M	USD	1 Quarter
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$38.64M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.16M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.27M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$11.81M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$13.30M	USD	3 Qtrs
Net earnings	`NetIncomeLoss`	$8.11M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$8.30M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$25.34M	USD	3 Qtrs
Net earnings	`NetIncomeLoss`	$23.79M	USD	3 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.97M	shares	3 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.95M	shares	3 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.95M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.97M	shares	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$1.19	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$1.17	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$3.65	USD	3 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$3.41	USD	3 Qtrs
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-7.00K	USD	1 Quarter
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-29.00K	USD	1 Quarter
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-1.00K	USD	3 Qtrs
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-11.00K	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$8.10M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$23.78M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$8.28M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$25.34M	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`	$5.05	USD	3 Qtrs
Cash dividends declared and paid per common share	`CashDividendsDeclaredAndPaid`	-	USD	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$8.11M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$8.30M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$25.34M	USD	3 Qtrs
Net earnings	`NetIncomeLoss`	$23.79M	USD	3 Qtrs
Provision for depreciation	`Depreciation`	$7.70M	USD	3 Qtrs
Provision for depreciation	`Depreciation`	$9.39M	USD	3 Qtrs
Intangibles amortization	`AmortizationOfIntangibleAssets`	$3.64M	USD	3 Qtrs
Intangibles amortization	`AmortizationOfIntangibleAssets`	$568.00K	USD	3 Qtrs
Intangibles amortization	`AmortizationOfIntangibleAssets`	$356.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$279.00K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$12.00K	USD	3 Qtrs
Non-cash retirement plan expense	`NoncashRetirementPlanExpense`	$578.00K	USD	3 Qtrs
Non-cash retirement plan expense	`NoncashRetirementPlanExpense`	$586.00K	USD	3 Qtrs
Loss (gain) on disposal of property, plant and equipment	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$21.00K	USD	3 Qtrs
Loss (gain) on disposal of property, plant and equipment	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-431.00K	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-177.00K	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-126.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-17.59M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-9.38M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$27.16M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$29.41M	USD	3 Qtrs
Other assets and current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-2.75M	USD	3 Qtrs
Other assets and current assets	`IncreaseDecreaseInOtherOperatingAssets`	$5.25M	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$9.76M	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.68M	USD	3 Qtrs
Federal and state income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.33M	USD	3 Qtrs
Federal and state income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-764.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$21.52M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$26.61M	USD	3 Qtrs
Marketable securities purchased	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$49.26M	USD	3 Qtrs
Marketable securities purchased	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$9.87M	USD	3 Qtrs
Marketable securities - maturities and sales	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$12.33M	USD	1 Quarter
Marketable securities - maturities and sales	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$3.35M	USD	1 Quarter
Marketable securities - maturities and sales	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$15.72M	USD	3 Qtrs
Marketable securities - maturities and sales	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$7.70M	USD	3 Qtrs
Notes issued	`PaymentsToAcquireNotesReceivable`	$2.42M	USD	3 Qtrs
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$211.00K	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.94M	USD	3 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.56M	USD	3 Qtrs
Sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$23.00K	USD	3 Qtrs
Sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-40.10M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-7.71M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$35.16M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$28.11M	USD	3 Qtrs
Proceeds from sale of treasury stock	`ProceedsFromSaleOfTreasuryStock`	$443.00K	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`	$-34.72M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-48.20M	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`	$54.04M	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`	$8.02M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$40.06M	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`	$56.22M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.02M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$40.06M	USD	Point-in-time

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