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10-Q Filing

NATIONAL PRESTO INDUSTRIES INC CIK: 80172 Q1 2017
Filing Information
Form Type 10-Q
Accession Number 0000080172-17-000026
Period End Date 20170331
Filing Date 20170512
Fiscal Year 2017
Fiscal Period Q1
XBRL Instance npk-20170402.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 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 $29.88M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $16.62M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 7.44M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $27.03M 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
Marketable securities MarketableSecuritiesCurrent $84.46M USD Point-in-time
Marketable securities MarketableSecuritiesCurrent $143.38M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $67.28M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $41.25M USD Point-in-time
Finished goods InventoryFinishedGoodsNetOfReserves $25.08M USD Point-in-time
Finished goods InventoryFinishedGoodsNetOfReserves $25.20M USD Point-in-time
Work in process InventoryWorkInProcess $81.07M USD Point-in-time
Work in process InventoryWorkInProcess $66.53M USD Point-in-time
Raw materials InventoryRawMaterials $3.67M USD Point-in-time
Raw materials InventoryRawMaterials $3.63M USD Point-in-time
Total inventory InventoryNet $95.40M USD Point-in-time
Total inventory InventoryNet $109.78M USD Point-in-time
Assets held for sale AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent $4.50M USD Point-in-time
Assets held for sale AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent $58.89M USD Point-in-time
Other current assets OtherAssetsCurrent $7.42M USD Point-in-time
Other current assets OtherAssetsCurrent $7.54M USD Point-in-time
Total current assets AssetsCurrent $340.50M USD Point-in-time
Total current assets AssetsCurrent $323.07M USD Point-in-time
PROPERTY, PLANT AND EQUIPMENT PropertyPlantAndEquipmentGross $101.16M USD Point-in-time
PROPERTY, PLANT AND EQUIPMENT PropertyPlantAndEquipmentGross $101.82M USD Point-in-time
Less allowance for depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $53.36M USD Point-in-time
Less allowance for depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $51.69M USD Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET PropertyPlantAndEquipmentNet $49.48M USD Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET PropertyPlantAndEquipmentNet $48.46M USD Point-in-time
GOODWILL Goodwill $11.48M USD Point-in-time
GOODWILL Goodwill $11.48M USD Point-in-time
INTANGIBLE ASSETS, net IntangibleAssetsNetExcludingGoodwill $4.96M USD Point-in-time
INTANGIBLE ASSETS, net IntangibleAssetsNetExcludingGoodwill $4.59M USD Point-in-time
NOTES RECEIVABLE NotesAndLoansReceivableNetNoncurrent $6.59M USD Point-in-time
NOTES RECEIVABLE NotesAndLoansReceivableNetNoncurrent $6.53M USD Point-in-time
DEFERRED INCOME TAXES DeferredTaxAssetsLiabilitiesNetNoncurrent $4.91M USD Point-in-time
OTHER ASSETS OtherAssetsNoncurrent $3.63M USD Point-in-time
OTHER ASSETS OtherAssetsNoncurrent $4.64M USD Point-in-time
Total assets Assets $417.59M USD Point-in-time
Total assets Assets $402.74M USD Point-in-time
Total assets Assets $360.57M USD Point-in-time
Accounts payable AccountsPayableCurrent $39.58M USD Point-in-time
Accounts payable AccountsPayableCurrent $36.21M USD Point-in-time
Federal and state income taxes AccruedIncomeTaxesCurrent $23.27M USD Point-in-time
Federal and state income taxes AccruedIncomeTaxesCurrent $6.27M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $12.24M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $12.32M USD Point-in-time
Liabilities held for sale LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent $90.00K USD Point-in-time
Liabilities held for sale LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent $6.25M USD Point-in-time
Total current liabilities LiabilitiesCurrent $64.35M USD Point-in-time
Total current liabilities LiabilitiesCurrent $71.90M USD Point-in-time
DEFERRED INCOME TAXES DeferredTaxLiabilitiesNoncurrent $3.00M 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 $8.42M USD Point-in-time
Paid-in capital AdditionalPaidInCapitalCommonStock $7.91M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $350.20M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $329.95M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-47.00K USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-19.00K USD Point-in-time
Stockholders' equity before treasury stock StockholdersEquityBeforeTreasuryStock $365.51M USD Point-in-time
Stockholders' equity before treasury stock StockholdersEquityBeforeTreasuryStock $345.80M USD Point-in-time
Treasury stock, at cost TreasuryStockValue $15.27M USD Point-in-time
Treasury stock, at cost TreasuryStockValue $14.96M USD Point-in-time
Total stockholders' equity StockholdersEquity $350.24M USD Point-in-time
Total stockholders' equity StockholdersEquity $330.84M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $417.59M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $402.74M USD Point-in-time
Income Statement 38 line items
Line Item Tag Value Unit Period
Net sales SalesRevenueNet $72.85M USD 1 Quarter
Net sales SalesRevenueNet $65.94M USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $49.89M USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $52.73M USD 1 Quarter
Gross profit GrossProfit $20.13M USD 1 Quarter
Gross profit GrossProfit $16.05M USD 1 Quarter
Selling and general expenses SellingGeneralAndAdministrativeExpense $5.76M USD 1 Quarter
Selling and general expenses SellingGeneralAndAdministrativeExpense $5.83M USD 1 Quarter
Intangibles amortization AmortizationOfIntangibleAssets $367.00K USD 1 Quarter
Intangibles amortization AmortizationOfIntangibleAssets $568.00K USD 1 Quarter
Operating profit OperatingIncomeLoss $9.65M USD 1 Quarter
Operating profit OperatingIncomeLoss $14.00M USD 1 Quarter
Other income OtherNonoperatingIncomeExpense $950.00K USD 1 Quarter
Other income OtherNonoperatingIncomeExpense $183.00K USD 1 Quarter
Earnings from continuing operations before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $14.95M USD 1 Quarter
Earnings from continuing operations before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $9.84M USD 1 Quarter
Provision for income taxes from continuing operations IncomeTaxExpenseBenefit $3.33M USD 1 Quarter
Provision for income taxes from continuing operations IncomeTaxExpenseBenefit $4.98M USD 1 Quarter
Earnings from continuing operations IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $6.51M USD 1 Quarter
Earnings from continuing operations IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $9.97M USD 1 Quarter
Earnings from discontinued operations, net of tax IncomeLossFromDiscontinuedOperationsNetOfTax $8.18M USD 1 Quarter
Earnings from discontinued operations, net of tax IncomeLossFromDiscontinuedOperationsNetOfTax $701.00K USD 1 Quarter
Net earnings NetIncomeLoss $7.21M USD 1 Quarter
Net earnings NetIncomeLoss $18.16M USD 1 Quarter
Basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 6.98M shares 1 Quarter
Basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 6.96M shares 1 Quarter
From continuing operations IncomeLossFromContinuingOperationsPerBasicAndDilutedShare $0.94 USD 1 Quarter
From continuing operations IncomeLossFromContinuingOperationsPerBasicAndDilutedShare $1.43 USD 1 Quarter
From discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare $1.17 USD 1 Quarter
From discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare $0.10 USD 1 Quarter
Net earnings per share EarningsPerShareBasicAndDiluted $1.04 USD 1 Quarter
Net earnings per share EarningsPerShareBasicAndDiluted $2.60 USD 1 Quarter
Unrealized gain on available-for-sale securities OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $5.00K USD 1 Quarter
Unrealized gain on available-for-sale securities OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent $28.00K USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $7.22M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $18.18M 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 $5.50 USD 1 Quarter
Cash Flow Statement 55 line items
Line Item Tag Value Unit Period
Net earnings NetIncomeLoss $7.21M USD 1 Quarter
Net earnings NetIncomeLoss $18.16M USD 1 Quarter
Provision for depreciation Depreciation $1.74M USD 1 Quarter
Provision for depreciation Depreciation $2.41M USD 1 Quarter
Intangibles amortization AmortizationOfIntangibleAssets $367.00K USD 1 Quarter
Intangibles amortization AmortizationOfIntangibleAssets $568.00K USD 1 Quarter
Provision for doubtful accounts ProvisionForDoubtfulAccounts $5.00K USD 1 Quarter
Provision for doubtful accounts ProvisionForDoubtfulAccounts $4.00K USD 1 Quarter
Non-cash retirement plan expense NoncashRetirementPlanExpense $198.00K USD 1 Quarter
Non-cash retirement plan expense NoncashRetirementPlanExpense $183.00K USD 1 Quarter
Gain on involuntary conversion of machinery and equipment GainOnInvoluntaryConversionOfMachineryAndEquipment $-1.58M USD 1 Quarter
Gain on disposal of property, plant and equipment GainLossOnSalesOfAssetsAndAssetImpairmentCharges $2.00K USD 1 Quarter
Gain on divestiture of business GainLossOnSaleOfBusiness $10.70M USD 1 Quarter
Other OtherNoncashIncomeExpense $-67.00K USD 1 Quarter
Other OtherNoncashIncomeExpense $-89.00K USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $-11.70M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $-25.87M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $14.07M 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 $-896.00K USD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-4.58M USD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-733.00K USD 1 Quarter
Federal and state income taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $9.05M USD 1 Quarter
Federal and state income taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $1.10M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $13.05M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $25.40M USD 1 Quarter
Marketable securities purchased PaymentsToAcquireAvailableForSaleSecuritiesDebt $5.31M USD 1 Quarter
Marketable securities purchased PaymentsToAcquireAvailableForSaleSecuritiesDebt $85.72M USD 1 Quarter
Marketable securities - maturities and sales ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities $1.26M USD 1 Quarter
Marketable securities - maturities and sales ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities $26.84M USD 1 Quarter
Proceeds from divestiture of business, net ProceedsFromDivestitureOfBusinessesNetOfCashDivested $63.32M USD 1 Quarter
Purchase of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $629.00K USD 1 Quarter
Purchase of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $2.26M USD 1 Quarter
Sale of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $2.00K USD 1 Quarter
Sale of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $1.00K USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $2.19M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-4.68M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $35.16M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $38.41M USD 1 Quarter
Proceeds from sale of treasury stock ProceedsFromSaleOfTreasuryStock $443.00K USD 1 Quarter
Proceeds from sale of treasury stock ProceedsFromSaleOfTreasuryStock $519.00K USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $-115.00K USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-38.00M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-34.72M USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-26.35M USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-10.41M USD 1 Quarter
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $29.88M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $16.62M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $27.03M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $56.22M USD Point-in-time
Cash and cash equivalents at end of year CashAndCashEquivalentsAtCarryingValue $29.88M USD Point-in-time
Cash and cash equivalents at end of year CashAndCashEquivalentsAtCarryingValue $16.62M USD Point-in-time
Cash and cash equivalents at end of year CashAndCashEquivalentsAtCarryingValue $27.03M USD Point-in-time
Cash and cash equivalents at end of year CashAndCashEquivalentsAtCarryingValue $56.22M USD Point-in-time

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

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