10-K Filing

NATIONAL PRESTO INDUSTRIES INC CIK: 80172 FY 2011

Filing Information

Form Type	10-K
Accession Number	`0000897101-12-000452`
Period End Date	20111231
Filing Date	20120315
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	npk-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 39 Cash Flow Statement 72 Stockholders Equity 26

Balance Sheet 80 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`	$24.69M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$49.72M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$74.00M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	12.00M	shares	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`	$59.36M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	7.44M	shares	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$101.00M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	7.44M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	6.87M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	6.88M	shares	Point-in-time
Accounts receivable	`AccountsReceivableGrossCurrent`	$91.64M	USD	Point-in-time
Accounts receivable	`AccountsReceivableGrossCurrent`	$75.00M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockShares`	565,517.00	shares	Point-in-time
Less allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$527.00K	USD	Point-in-time
Less allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.36M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockShares`	575,368.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$91.11M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$73.63M	USD	Point-in-time
Finished goods	`InventoryFinishedGoods`	$37.14M	USD	Point-in-time
Finished goods	`InventoryFinishedGoods`	$32.76M	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$50.46M	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`	$11.29M	USD	Point-in-time
Total inventory	`InventoryNet`	$83.13M	USD	Point-in-time
Total inventory	`InventoryNet`	$94.51M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$6.14M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$6.27M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$21.27M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$14.30M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$345.54M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$328.90M	USD	Point-in-time
Land and land improvements	`Land`	$1.95M	USD	Point-in-time
Land and land improvements	`Land`	$1.96M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$25.53M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$29.35M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$90.31M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$79.63M	USD	Point-in-time
Property plant and equipment gross	`PropertyPlantAndEquipmentGross`	$121.61M	USD	Point-in-time
Property plant and equipment gross	`PropertyPlantAndEquipmentGross`	$107.10M	USD	Point-in-time
Less allowance for depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$57.34M	USD	Point-in-time
Less allowance for depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$48.99M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$64.27M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$58.11M	USD	Point-in-time
GOODWILL	`Goodwill`	$11.48M	USD	Point-in-time
GOODWILL	`Goodwill`	$18.47M	USD	Point-in-time
Total assets	`Assets`	$415.13M	USD	Point-in-time
Total assets	`Assets`	$411.64M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$44.30M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$48.34M	USD	Point-in-time
Federal and state income taxes	`AccruedIncomeTaxesCurrent`	$1.57M	USD	Point-in-time
Federal and state income taxes	`AccruedIncomeTaxesCurrent`	$5.86M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$16.04M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$16.57M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$65.95M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$66.73M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$9.40M	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 at December 31, 2011 and 2010 Issued: 7,440,518 shares at December 31, 2011 and 2010 Outstanding: 6,875,001 and 6,865,150 shares at December 31, 2011 and 2010, respectively	`CommonStockValue`	$7.44M	USD	Point-in-time
Common stock, $1 par value: Authorized:12,000,000 shares at December 31, 2011 and 2010 Issued: 7,440,518 shares at December 31, 2011 and 2010 Outstanding: 6,875,001 and 6,865,150 shares at December 31, 2011 and 2010, respectively	`CommonStockValue`	$7.44M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$3.54M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$2.74M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$351.57M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$342.87M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$129.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$72.00K	USD	Point-in-time
Stockholders' Equity before Treasury Stock	`StockholdersEquityBeforeTreasuryStock`	$361.88M	USD	Point-in-time
Stockholders' Equity before Treasury Stock	`StockholdersEquityBeforeTreasuryStock`	$353.93M	USD	Point-in-time
Treasury stock, at cost, 565,517 and 575,368 shares at December 31, 2011 and 2010, respectively	`TreasuryStockValue`	$17.94M	USD	Point-in-time
Treasury stock, at cost, 565,517 and 575,368 shares at December 31, 2011 and 2010, respectively	`TreasuryStockValue`	$17.64M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$336.29M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$343.94M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$411.64M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$415.13M	USD	Point-in-time

Income Statement 39 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$431.02M	USD	Annual
Net sales	`SalesRevenueNet`	$479.00M	USD	Annual
Net sales	`SalesRevenueNet`	$478.47M	USD	Annual
Cost of sales	`CostOfGoodsAndServicesSold`	$337.26M	USD	Annual
Cost of sales	`CostOfGoodsAndServicesSold`	$368.38M	USD	Annual
Cost of sales	`CostOfGoodsAndServicesSold`	$365.43M	USD	Annual
Gross profit	`GrossProfit`	$113.57M	USD	Annual
Gross profit	`GrossProfit`	$93.76M	USD	Annual
Gross profit	`GrossProfit`	$110.09M	USD	Annual
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$16.49M	USD	Annual
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$18.75M	USD	Annual
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$19.77M	USD	Annual
Operating profit	`OperatingIncomeLoss`	$73.98M	USD	Annual
Operating profit	`OperatingIncomeLoss`	$91.35M	USD	Annual
Operating profit	`OperatingIncomeLoss`	$97.08M	USD	Annual
Other income, principally interest	`OtherNonoperatingIncomeExpense`	$2.27M	USD	Annual
Other income, principally interest	`OtherNonoperatingIncomeExpense`	$1.04M	USD	Annual
Other income, principally interest	`OtherNonoperatingIncomeExpense`	$3.05M	USD	Annual
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$99.36M	USD	Annual
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$75.03M	USD	Annual
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$94.40M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$35.82M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$31.82M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$27.06M	USD	Annual
Net earnings	`NetIncomeLoss`	$47.97M	USD	Annual
Net earnings	`NetIncomeLoss`	$62.58M	USD	Annual
Net earnings	`NetIncomeLoss`	$63.53M	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.86M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.85M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.87M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.85M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.86M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.87M	shares	Annual
Basic	`EarningsPerShareBasic`	$9.26	USD	Annual
Basic	`EarningsPerShareBasic`	$6.98	USD	Annual
Basic	`EarningsPerShareBasic`	$9.13	USD	Annual
Diluted	`EarningsPerShareDiluted`	$9.26	USD	Annual
Diluted	`EarningsPerShareDiluted`	$6.98	USD	Annual
Diluted	`EarningsPerShareDiluted`	$9.13	USD	Annual

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$47.97M	USD	Annual
Net earnings	`NetIncomeLoss`	$62.58M	USD	Annual
Net earnings	`NetIncomeLoss`	$63.53M	USD	Annual
Provision for depreciation	`Depreciation`	$8.74M	USD	Annual
Provision for depreciation	`Depreciation`	$9.04M	USD	Annual
Provision for depreciation	`Depreciation`	$8.64M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-33.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-399.00K	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$5.10M	USD	Annual
Other	`OtherNoncashIncomeExpense`	$790.00K	USD	Annual
Other	`OtherNoncashIncomeExpense`	$-628.00K	USD	Annual
Other	`OtherNoncashIncomeExpense`	$-682.00K	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$16.77M	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-1.24M	USD	Annual
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-17.97M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-3.15M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$14.56M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$10.28M	USD	Annual
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$6.73M	USD	Annual
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$5.60M	USD	Annual
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$5.36M	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$7.09M	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-711.00K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$6.14M	USD	Annual
Federal and state income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$2.07M	USD	Annual
Federal and state income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-4.29M	USD	Annual
Federal and state income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-432.00K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$57.77M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$58.69M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$62.15M	USD	Annual
Marketable securities purchased	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$78.49M	USD	Annual
Marketable securities purchased	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$45.46M	USD	Annual
Marketable securities purchased	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$40.96M	USD	Annual
Marketable securities - maturities and sales	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$62.11M	USD	Annual
Marketable securities - maturities and sales	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$82.52M	USD	Annual
Marketable securities - maturities and sales	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$81.43M	USD	Annual
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.00M	USD	Annual
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$17.97M	USD	Annual
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.34M	USD	Annual
Sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$71.00K	USD	Annual
Sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.36M	USD	Annual
Sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$6.00K	USD	Annual
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$4.53M	USD	Annual
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$1.58M	USD	Annual
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$220.00K	USD	Annual
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-228.00K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.54M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-98.00K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$21.82M	USD	Annual
Dividends paid	`PaymentsOfDividends`	$38.01M	USD	Annual
Dividends paid	`PaymentsOfDividends`	$55.89M	USD	Annual
Dividends paid	`PaymentsOfDividends`	$56.66M	USD	Annual
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$243.00K	USD	Annual
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$408.00K	USD	Annual
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$439.00K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-37.77M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-56.23M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-55.48M	USD	Annual
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$745.00K	USD	Annual
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$24.28M	USD	Annual
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$24.28M	USD	Annual
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$24.69M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$49.72M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$74.00M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$48.97M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$24.69M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$49.72M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$74.00M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$48.97M	USD	Point-in-time
Cash paid during the year for: Income taxes	`IncomeTaxesPaid`	$26.69M	USD	Annual
Cash paid during the year for: Income taxes	`IncomeTaxesPaid`	$36.48M	USD	Annual
Cash paid during the year for: Income taxes	`IncomeTaxesPaid`	$30.66M	USD	Annual

Stockholders Equity 26 line items

Line Item	Tag	Value	Unit	Period
Dividends paid, per share	`CommonStockDividendsPerShareCashPaid`	$8.25	USD	Annual
Dividends paid, per share	`CommonStockDividendsPerShareCashPaid`	$8.15	USD	Annual
Dividends paid, per share	`CommonStockDividendsPerShareCashPaid`	$5.55	USD	Annual
Balance	`CommonStockholdersEquity`	$335.87M	USD	Point-in-time
Balance	`CommonStockholdersEquity`	$310.61M	USD	Point-in-time
Balance	`CommonStockholdersEquity`	$343.94M	USD	Point-in-time
Balance	`CommonStockholdersEquity`	$336.29M	USD	Point-in-time
Net earnings	`NetIncomeLoss`	$47.97M	USD	Annual
Net earnings	`NetIncomeLoss`	$62.58M	USD	Annual
Net earnings	`NetIncomeLoss`	$63.53M	USD	Annual
Unrealized gain/loss on available-for-sale securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-57.00K	USD	Annual
Unrealized gain/loss on available-for-sale securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-514.00K	USD	Annual
Unrealized gain/loss on available-for-sale securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$107.00K	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$63.02M	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$47.91M	USD	Annual
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$62.68M	USD	Annual
Dividends paid	`DividendsCommonStock`	$38.01M	USD	Annual
Dividends paid	`DividendsCommonStock`	$55.89M	USD	Annual
Dividends paid	`DividendsCommonStock`	$56.66M	USD	Annual
Other	`StockholdersEquityOther`	$937.00K	USD	Annual
Other	`StockholdersEquityOther`	$1.11M	USD	Annual
Other	`StockholdersEquityOther`	$592.00K	USD	Annual
Balance	`CommonStockholdersEquity`	$335.87M	USD	Point-in-time
Balance	`CommonStockholdersEquity`	$310.61M	USD	Point-in-time
Balance	`CommonStockholdersEquity`	$343.94M	USD	Point-in-time
Balance	`CommonStockholdersEquity`	$336.29M	USD	Point-in-time

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