10-Q Filing

NATIONAL PRESTO INDUSTRIES INC CIK: 80172 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0000897101-12-000767`
Period End Date	20120331
Filing Date	20120511
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	npk-20120401.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 34 Cash Flow Statement 44

Balance Sheet 66 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`	$74.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$44.98M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.73M	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	12.00M	shares	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$54.62M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$59.36M	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
Accounts receivable, net	`AccountsReceivableNetCurrent`	$73.63M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$66.83M	USD	Point-in-time
Finished goods	`InventoryFinishedGoods`	$32.76M	USD	Point-in-time
Finished goods	`InventoryFinishedGoods`	$27.01M	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$57.83M	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$50.46M	USD	Point-in-time
Raw materials	`InventoryRawMaterials`	$11.29M	USD	Point-in-time
Raw materials	`InventoryRawMaterials`	$10.48M	USD	Point-in-time
Total inventory	`InventoryNet`	$94.51M	USD	Point-in-time
Total inventory	`InventoryNet`	$95.32M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$6.14M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$6.14M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$20.98M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$21.27M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$328.90M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$288.87M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$121.61M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$126.09M	USD	Point-in-time
Less allowance for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$57.34M	USD	Point-in-time
Less allowance for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$59.77M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$66.33M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$64.27M	USD	Point-in-time
GOODWILL	`Goodwill`	$18.47M	USD	Point-in-time
GOODWILL	`Goodwill`	$18.47M	USD	Point-in-time
Total assets	`Assets`	$373.66M	USD	Point-in-time
Total assets	`Assets`	$411.64M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$48.34M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$39.39M	USD	Point-in-time
Federal and state income taxes	`AccruedIncomeTaxesCurrent`	$4.79M	USD	Point-in-time
Federal and state income taxes	`AccruedIncomeTaxesCurrent`	$1.57M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$16.04M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$15.15M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$59.32M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$65.95M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$9.40M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$9.41M	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`	$3.90M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$3.54M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$310.93M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$342.87M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$76.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$72.00K	USD	Point-in-time
Stockholders' Equity before Treasury Stock	`StockholdersEquityBeforeTreasuryStock`	$353.93M	USD	Point-in-time
Stockholders' Equity before Treasury Stock	`StockholdersEquityBeforeTreasuryStock`	$322.34M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$17.64M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$17.41M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$336.29M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$304.93M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$373.66M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$411.64M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$108.89M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$96.77M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$86.93M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$76.42M	USD	1 Quarter
Gross profit	`GrossProfit`	$20.35M	USD	1 Quarter
Gross profit	`GrossProfit`	$21.95M	USD	1 Quarter
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$5.71M	USD	1 Quarter
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$4.82M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$14.64M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$17.14M	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$113.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$540.00K	USD	1 Quarter
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$14.75M	USD	1 Quarter
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$17.68M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$5.41M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$6.32M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$9.34M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$11.36M	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.88M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.87M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.88M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.87M	shares	1 Quarter
Basic	`EarningsPerShareBasic`	$1.65	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.36	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.65	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.36	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$9.34M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$11.36M	USD	1 Quarter
Unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-12.00K	USD	1 Quarter
Unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$4.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$9.35M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$11.35M	USD	1 Quarter
Cash dividends declared and paid per common share	`CashDividendsDeclaredAndPaidPerCommonShare`	$6.00	USD	1 Quarter
Cash dividends declared and paid per common share	`CashDividendsDeclaredAndPaidPerCommonShare`	$8.25	USD	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$9.34M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$11.36M	USD	1 Quarter
Provision for depreciation	`Depreciation`	$2.06M	USD	1 Quarter
Provision for depreciation	`Depreciation`	$2.43M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-292.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-230.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-7.10M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-26.02M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$363.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$812.00K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$11.10M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$11.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-9.83M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-6.20M	USD	1 Quarter
Federal and state income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$3.14M	USD	1 Quarter
Federal and state income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-274.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$21.73M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$11.66M	USD	1 Quarter
Marketable securities purchased	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$1.62M	USD	1 Quarter
Marketable securities purchased	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$23.26M	USD	1 Quarter
Marketable securities - maturities and sales	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$35.88M	USD	1 Quarter
Marketable securities - maturities and sales	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$6.37M	USD	1 Quarter
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.07M	USD	1 Quarter
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.49M	USD	1 Quarter
Sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$4.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$60.00K	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$9.50M	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$256.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$56.66M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$41.29M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$439.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$357.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-40.94M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-56.23M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-24.99M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-29.02M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$74.00M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$44.98M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$24.73M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$49.72M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$74.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$44.98M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$24.73M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$49.72M	USD	Point-in-time

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