10-Q Filing

NATIONAL PRESTO INDUSTRIES INC CIK: 80172 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0000080172-18-000022`
Period End Date	20180331
Filing Date	20180511
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	npk-20180401.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 38 Cash Flow Statement 57

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`	$11.22M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	7.44M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.59M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	7.44M	shares	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$132.58M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$144.25M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$43.40M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$65.22M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$27.24M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$27.70M	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$68.72M	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$72.22M	USD	Point-in-time
Raw materials	`InventoryRawMaterials`	$4.98M	USD	Point-in-time
Raw materials	`InventoryRawMaterials`	$4.97M	USD	Point-in-time
Total inventory	`InventoryNet`	$104.44M	USD	Point-in-time
Total inventory	`InventoryNet`	$101.38M	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$4.42M	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$6.19M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$7.19M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$7.62M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$312.98M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$338.51M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$105.30M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$103.54M	USD	Point-in-time
Less allowance for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$59.40M	USD	Point-in-time
Less allowance for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$58.37M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$45.17M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$45.91M	USD	Point-in-time
GOODWILL	`Goodwill`	$11.48M	USD	Point-in-time
GOODWILL	`Goodwill`	$11.48M	USD	Point-in-time
INTANGIBLE ASSETS, net	`IntangibleAssetsNetExcludingGoodwill`	$2.59M	USD	Point-in-time
INTANGIBLE ASSETS, net	`IntangibleAssetsNetExcludingGoodwill`	$3.33M	USD	Point-in-time
NOTES RECEIVABLE	`NotesAndLoansReceivableNetNoncurrent`	$6.75M	USD	Point-in-time
NOTES RECEIVABLE	`NotesAndLoansReceivableNetNoncurrent`	$6.80M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$983.00K	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$995.00K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$4.95M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$5.64M	USD	Point-in-time
Total assets	`Assets`	$411.87M	USD	Point-in-time
Total assets	`Assets`	$402.74M	USD	Point-in-time
Total assets	`Assets`	$385.69M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$29.93M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$28.45M	USD	Point-in-time
Federal and state income taxes	`AccruedIncomeTaxesCurrent`	$7.03M	USD	Point-in-time
Federal and state income taxes	`AccruedIncomeTaxesCurrent`	$3.75M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$12.46M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$13.09M	USD	Point-in-time
Liabilities held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$210.00K	USD	Point-in-time
Liabilities held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$19.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$49.43M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$45.50M	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`	$9.64M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$9.07M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$333.75M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$364.76M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-86.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-42.00K	USD	Point-in-time
Stockholders' equity before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$381.19M	USD	Point-in-time
Stockholders' equity before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$350.79M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$14.54M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$14.81M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$366.38M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$336.26M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$385.69M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$411.87M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$76.83M	USD	1 Quarter
Net sales	`Revenues`	$72.85M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$56.55M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$52.73M	USD	1 Quarter
Gross profit	`GrossProfit`	$20.28M	USD	1 Quarter
Gross profit	`GrossProfit`	$20.13M	USD	1 Quarter
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$5.76M	USD	1 Quarter
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$6.15M	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$745.00K	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$367.00K	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$14.00M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$13.38M	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$950.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$895.00K	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`	$14.28M	USD	1 Quarter
Provision for income taxes from continuing operations	`IncomeTaxExpenseBenefit`	$4.98M	USD	1 Quarter
Provision for income taxes from continuing operations	`IncomeTaxExpenseBenefit`	$3.28M	USD	1 Quarter
Earnings from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$9.97M	USD	1 Quarter
Earnings from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$10.99M	USD	1 Quarter
Earnings (loss) from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$8.18M	USD	1 Quarter
Earnings (loss) from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-8.00K	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$10.99M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$18.16M	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.00M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.98M	shares	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$1.57	USD	1 Quarter
From continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$1.43	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	1 Quarter
From discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$1.17	USD	1 Quarter
Net earnings per share	`EarningsPerShareBasicAndDiluted`	$2.60	USD	1 Quarter
Net earnings per share	`EarningsPerShareBasicAndDiluted`	$1.57	USD	1 Quarter
Unrealized gain on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$28.00K	USD	1 Quarter
Unrealized gain on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$44.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$11.03M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$18.18M	USD	1 Quarter
Cash dividends declared and paid per common share	`CashDividendsDeclaredAndPaid`	$5.50	USD	1 Quarter
Cash dividends declared and paid per common share	`CashDividendsDeclaredAndPaid`	$6.00	USD	1 Quarter

Cash Flow Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$10.99M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$18.16M	USD	1 Quarter
Provision for depreciation	`Depreciation`	$1.05M	USD	1 Quarter
Provision for depreciation	`Depreciation`	$1.74M	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$745.00K	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$367.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$5.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$6.00K	USD	1 Quarter
Noncash retirement plan expense	`NoncashRetirementPlanExpense`	$201.00K	USD	1 Quarter
Noncash retirement plan expense	`NoncashRetirementPlanExpense`	$183.00K	USD	1 Quarter
Gain on involuntary conversion of machinery and equipment	`GainOnInvoluntaryConversionOfMachineryAndEquipment`	$1.58M	USD	1 Quarter
Loss (gain) on disposal of property, plant and equipment	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$2.00K	USD	1 Quarter
Loss (gain) on disposal of property, plant and equipment	`GainLossOnSalesOfAssetsAndAssetImpairmentCharges`	$-1.00K	USD	1 Quarter
Gain on divestiture of business	`GainLossOnSaleOfBusiness`	$10.70M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-107.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-67.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-21.66M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-25.87M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-3.06M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$14.07M	USD	1 Quarter
Other assets and current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-896.00K	USD	1 Quarter
Other assets and current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-256.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$657.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-4.58M	USD	1 Quarter
Federal and state income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$9.05M	USD	1 Quarter
Federal and state income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$3.24M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$25.40M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$41.97M	USD	1 Quarter
Marketable securities purchased	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$85.72M	USD	1 Quarter
Marketable securities purchased	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$51.58M	USD	1 Quarter
Marketable securities - maturities and sales	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$26.84M	USD	1 Quarter
Marketable securities - maturities and sales	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$63.31M	USD	1 Quarter
Proceeds from divestiture of business, net of cash paid	`ProceedsFromDivestitureOfBusinessesNetOfCashDivested`	$63.32M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.79M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.26M	USD	1 Quarter
Proceeds from insurnace settlement	`ProceedsFromInsuranceSettlementInvestingActivities`	$1.93M	USD	1 Quarter
Sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.00K	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$11.87M	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$2.19M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$38.41M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$41.99M	USD	1 Quarter
Proceeds from sale of treasury stock	`ProceedsFromSaleOfTreasuryStock`	$519.00K	USD	1 Quarter
Proceeds from sale of treasury stock	`ProceedsFromSaleOfTreasuryStock`	$528.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-115.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-6.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-41.47M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-38.00M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-10.41M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$12.36M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$27.03M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.22M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$23.59M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.62M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$27.03M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.22M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$23.59M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.62M	USD	Point-in-time

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