10-Q Filing

NATIONAL PRESTO INDUSTRIES INC CIK: 80172 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0000897101-12-001355`
Period End Date	20120630
Filing Date	20120810
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	npk-20120701.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 64 Cash Flow Statement 54

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
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`	$49.72M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	7.44M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$30.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$54.70M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	7.44M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$74.00M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$59.36M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$64.07M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$73.63M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$57.84M	USD	Point-in-time
Finished goods	`InventoryFinishedGoods`	$32.05M	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`	$45.02M	USD	Point-in-time
Raw materials	`InventoryRawMaterials`	$10.33M	USD	Point-in-time
Raw materials	`InventoryRawMaterials`	$11.29M	USD	Point-in-time
Total inventory	`InventoryNet`	$94.51M	USD	Point-in-time
Total inventory	`InventoryNet`	$87.40M	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`	$24.32M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$21.27M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$294.47M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$328.90M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$128.44M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$121.61M	USD	Point-in-time
Less allowance for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$57.34M	USD	Point-in-time
Less allowance for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$62.32M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$66.12M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$64.27M	USD	Point-in-time
GOODWILL	`Goodwill`	$18.77M	USD	Point-in-time
GOODWILL	`Goodwill`	$18.47M	USD	Point-in-time
Total assets	`Assets`	$362.87M	USD	Point-in-time
Total assets	`Assets`	$379.36M	USD	Point-in-time
Total assets	`Assets`	$411.64M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$39.86M	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
Accrued liabilities	`AccruedLiabilitiesCurrent`	$16.32M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$16.04M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$65.95M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$56.18M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$9.40M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$9.40M	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`	$3.54M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$4.01M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$319.63M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$342.87M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$58.00K	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`	$331.13M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$17.64M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$17.35M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$336.29M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$313.78M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$379.36M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$411.64M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$98.27M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$117.11M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$207.15M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$213.89M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$97.52M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$173.94M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$164.53M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$77.60M	USD	1 Quarter
Gross profit	`GrossProfit`	$20.66M	USD	1 Quarter
Gross profit	`GrossProfit`	$42.62M	USD	2 Qtrs
Gross profit	`GrossProfit`	$39.95M	USD	2 Qtrs
Gross profit	`GrossProfit`	$19.59M	USD	1 Quarter
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$9.11M	USD	2 Qtrs
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$11.75M	USD	2 Qtrs
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$4.29M	USD	1 Quarter
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$6.04M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$16.37M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$13.55M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$33.51M	USD	2 Qtrs
Operating profit	`OperatingIncomeLoss`	$28.19M	USD	2 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$485.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$8.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$121.00K	USD	2 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$1.02M	USD	2 Qtrs
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$16.86M	USD	1 Quarter
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$28.31M	USD	2 Qtrs
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$34.53M	USD	2 Qtrs
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$13.56M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$4.86M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$12.36M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$10.27M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$6.04M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$22.18M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$8.70M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$10.82M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$18.05M	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.87M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.87M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.88M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.88M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.88M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.87M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.88M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.87M	shares	1 Quarter
Basic	`EarningsPerShareBasic`	$1.57	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$3.23	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$1.26	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$2.62	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.26	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$3.23	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$2.62	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.57	USD	1 Quarter
Unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-1.00K	USD	2 Qtrs
Unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$11.00K	USD	1 Quarter
Unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-18.00K	USD	1 Quarter
Unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-14.00K	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$8.69M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$10.83M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$22.18M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$18.03M	USD	2 Qtrs
Cash dividends declared and paid per common share	`CashDividendsDeclaredAndPaid`	$6.00	USD	2 Qtrs
Cash dividends declared and paid per common share	`CashDividendsDeclaredAndPaid`	$8.25	USD	2 Qtrs
Cash dividends declared and paid per common share	`CashDividendsDeclaredAndPaid`	-	USD	1 Quarter
Cash dividends declared and paid per common share	`CashDividendsDeclaredAndPaid`	-	USD	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$22.18M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$8.70M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$10.82M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$18.05M	USD	2 Qtrs
Provision for depreciation	`Depreciation`	$4.99M	USD	2 Qtrs
Provision for depreciation	`Depreciation`	$4.27M	USD	2 Qtrs
Provision for depreciation	`Depreciation`	$2.55M	USD	1 Quarter
Provision for depreciation	`Depreciation`	$2.20M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-470.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-272.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-16.09M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-33.15M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-7.06M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$4.80M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$9.86M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-151.00K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-8.17M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-12.69M	USD	2 Qtrs
Federal and state income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.67M	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`	$36.97M	USD	2 Qtrs
Marketable securities purchased	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$25.84M	USD	2 Qtrs
Marketable securities purchased	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$14.99M	USD	2 Qtrs
Marketable securities - maturities and sales	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$45.35M	USD	2 Qtrs
Marketable securities - maturities and sales	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$9.46M	USD	1 Quarter
Marketable securities - maturities and sales	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$10.26M	USD	2 Qtrs
Marketable securities - maturities and sales	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$3.88M	USD	1 Quarter
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.84M	USD	2 Qtrs
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.10M	USD	2 Qtrs
Notes issued	`PaymentsForProceedsFromLoansReceivable`	$120.00K	USD	2 Qtrs
Notes issued	`PaymentsForProceedsFromLoansReceivable`	$3.50M	USD	2 Qtrs
Acquisition of business	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	2 Qtrs
Acquisition of business	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$246.00K	USD	2 Qtrs
Sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	2 Qtrs
Sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$4.00K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.32M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$10.29M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$41.29M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$56.66M	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$439.00K	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$357.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-56.23M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-40.94M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-19.29M	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`	$49.72M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$30.50M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$54.70M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$74.00M	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`	$30.50M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$54.70M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$74.00M	USD	Point-in-time

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