10-Q Filing

NATIONAL PRESTO INDUSTRIES INC CIK: 80172 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0000897101-11-001421`
Period End Date	20110630
Filing Date	20110812
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	npk-20110703.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 54 Cash Flow Statement 48

Balance Sheet 65 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$30.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$49.72M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	12.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.73M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$48.97M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	12.00M	shares	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$81.50M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	7.44M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	7.44M	shares	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$101.00M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$57.97M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$91.11M	USD	Point-in-time
Finished goods	`InventoryFinishedGoods`	$37.14M	USD	Point-in-time
Finished goods	`InventoryFinishedGoods`	$43.03M	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$32.21M	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$37.04M	USD	Point-in-time
Raw materials	`InventoryRawMaterials`	$8.95M	USD	Point-in-time
Raw materials	`InventoryRawMaterials`	$12.69M	USD	Point-in-time
Total inventory	`InventoryNet`	$83.13M	USD	Point-in-time
Total inventory	`InventoryNet`	$87.93M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$6.27M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$6.27M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$24.28M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$14.30M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$288.44M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$345.54M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$107.10M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$116.15M	USD	Point-in-time
Less allowance for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$53.21M	USD	Point-in-time
Less allowance for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$48.99M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$58.11M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$62.94M	USD	Point-in-time
GOODWILL	`Goodwill`	$11.48M	USD	Point-in-time
GOODWILL	`Goodwill`	$11.48M	USD	Point-in-time
Total assets	`Assets`	$415.13M	USD	Point-in-time
Total assets	`Assets`	$362.87M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$32.55M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$44.30M	USD	Point-in-time
Federal and state income taxes	`AccruedIncomeTaxesCurrent`	$5.86M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$16.57M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$15.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$48.16M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$66.73M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$4.47M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$4.47M	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	`AdditionalPaidInCapital`	$3.31M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$2.74M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$317.09M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$351.57M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$128.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$129.00K	USD	Point-in-time
Stockholders' Equity before Treasury Stock	`StockholdersEquityBeforeTreasuryStock`	$361.88M	USD	Point-in-time
Stockholders' Equity before Treasury Stock	`StockholdersEquityBeforeTreasuryStock`	$327.97M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$17.73M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$17.94M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$310.24M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$343.94M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$362.87M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$415.13M	USD	Point-in-time

Income Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$207.15M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$223.47M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$117.08M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$98.27M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$77.60M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$90.56M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$172.37M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$164.53M	USD	2 Qtrs
Gross profit	`GrossProfit`	$42.62M	USD	2 Qtrs
Gross profit	`GrossProfit`	$26.52M	USD	1 Quarter
Gross profit	`GrossProfit`	$51.10M	USD	2 Qtrs
Gross profit	`GrossProfit`	$20.66M	USD	1 Quarter
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$4.29M	USD	1 Quarter
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$9.11M	USD	2 Qtrs
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$7.83M	USD	2 Qtrs
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$3.31M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$16.37M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$43.27M	USD	2 Qtrs
Operating profit	`OperatingIncomeLoss`	$23.21M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$33.51M	USD	2 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$485.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$636.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$1.02M	USD	2 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$1.39M	USD	2 Qtrs
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$16.86M	USD	1 Quarter
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$34.53M	USD	2 Qtrs
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$23.84M	USD	1 Quarter
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$44.66M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$12.36M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$8.87M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$6.04M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$16.49M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$22.18M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$28.17M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$14.97M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$10.82M	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.87M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.86M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.86M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.87M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.86M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.86M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.87M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.87M	shares	1 Quarter
Basic	`EarningsPerShareBasic`	$3.23	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$2.18	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$4.11	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$1.57	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$2.18	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$4.11	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$3.23	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.57	USD	1 Quarter
Cash dividends declared and paid per common share	`CashDividendsDeclaredAndPaid`	$8.15	USD	2 Qtrs
Cash dividends declared and paid per common share	`CashDividendsDeclaredAndPaid`	$8.25	USD	2 Qtrs

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$22.18M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$28.17M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$14.97M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$10.82M	USD	1 Quarter
Provision for depreciation	`Depreciation`	$4.38M	USD	2 Qtrs
Provision for depreciation	`Depreciation`	$4.27M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$272.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-574.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-33.15M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-37.71M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$4.80M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$13.49M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$9.86M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$11.29M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.46M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-12.69M	USD	2 Qtrs
Federal and state income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-5.83M	USD	2 Qtrs
Federal and state income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-5.80M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$26.72M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$35.62M	USD	2 Qtrs
Marketable securities purchased	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$25.84M	USD	2 Qtrs
Marketable securities purchased	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$37.12M	USD	2 Qtrs
Marketable securities - maturities and sales	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$45.35M	USD	2 Qtrs
Marketable securities - maturities and sales	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$44.28M	USD	2 Qtrs
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.10M	USD	2 Qtrs
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.41M	USD	2 Qtrs
Sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.36M	USD	2 Qtrs
Sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$4.00K	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$120.00K	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$1.50M	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$10.29M	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$619.00K	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$55.89M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$56.66M	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$439.00K	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$408.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-55.48M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-56.23M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-19.24M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-19.22M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$30.50M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$49.72M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$29.73M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$48.97M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$30.50M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$49.72M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$29.73M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$48.97M	USD	Point-in-time

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