10-Q Filing

NATIONAL PRESTO INDUSTRIES INC CIK: 80172 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0000897101-12-001926`
Period End Date	20120930
Filing Date	20121109
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	npk-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 64 Cash Flow Statement 56

Balance Sheet 68 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`	$46.27M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	7.44M	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`	$74.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$60.14M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$59.36M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$53.16M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$69.88M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$73.63M	USD	Point-in-time
Finished goods	`InventoryFinishedGoods`	$32.76M	USD	Point-in-time
Finished goods	`InventoryFinishedGoods`	$47.38M	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$45.08M	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`	$8.95M	USD	Point-in-time
Total inventory	`InventoryNet`	$94.51M	USD	Point-in-time
Total inventory	`InventoryNet`	$101.42M	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`	$21.27M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$15.23M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$305.96M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$328.90M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$121.61M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$131.29M	USD	Point-in-time
Less allowance for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$64.67M	USD	Point-in-time
Less allowance for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$57.34M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$64.27M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$66.62M	USD	Point-in-time
GOODWILL	`Goodwill`	$18.47M	USD	Point-in-time
GOODWILL	`Goodwill`	$18.77M	USD	Point-in-time
OTHER ASSETS	`OtherAssets`	$3.50M	USD	Point-in-time
OTHER ASSETS	`OtherAssets`	-	USD	Point-in-time
Total assets	`Assets`	$411.64M	USD	Point-in-time
Total assets	`Assets`	$394.85M	USD	Point-in-time
Total assets	`Assets`	$380.23M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$44.43M	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`	$16.04M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$17.66M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$62.09M	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`	$9.40M	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`	$4.13M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapital`	$3.54M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$342.87M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$329.03M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$72.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$57.00K	USD	Point-in-time
Stockholders' Equity before Treasury Stock	`StockholdersEquityBeforeTreasuryStock`	$340.66M	USD	Point-in-time
Stockholders' Equity before Treasury Stock	`StockholdersEquityBeforeTreasuryStock`	$353.93M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$17.64M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$17.29M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$336.29M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$323.37M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$394.85M	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`	$104.86M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$330.70M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$116.81M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$312.01M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$267.85M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$245.74M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$81.20M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$93.91M	USD	1 Quarter
Gross profit	`GrossProfit`	$62.85M	USD	3 Qtrs
Gross profit	`GrossProfit`	$22.91M	USD	1 Quarter
Gross profit	`GrossProfit`	$23.66M	USD	1 Quarter
Gross profit	`GrossProfit`	$66.28M	USD	3 Qtrs
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$4.40M	USD	1 Quarter
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$13.51M	USD	3 Qtrs
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$7.87M	USD	1 Quarter
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$19.63M	USD	3 Qtrs
Operating profit	`OperatingIncomeLoss`	$19.25M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$52.76M	USD	3 Qtrs
Operating profit	`OperatingIncomeLoss`	$43.23M	USD	3 Qtrs
Operating profit	`OperatingIncomeLoss`	$15.03M	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$1.29M	USD	3 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$47.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$264.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$168.00K	USD	3 Qtrs
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$19.52M	USD	1 Quarter
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$43.39M	USD	3 Qtrs
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$15.08M	USD	1 Quarter
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$54.05M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$15.95M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$7.13M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$19.49M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$5.68M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$27.45M	USD	3 Qtrs
Net earnings	`NetIncomeLoss`	$34.57M	USD	3 Qtrs
Net earnings	`NetIncomeLoss`	$9.40M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$12.39M	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.87M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.88M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.89M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.89M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.88M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.89M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.89M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.87M	shares	3 Qtrs
Basic	`EarningsPerShareBasic`	$1.80	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.36	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$3.98	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$5.03	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$3.98	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.80	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.36	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$5.03	USD	3 Qtrs
Unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-18.00K	USD	1 Quarter
Unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-15.00K	USD	3 Qtrs
Unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-19.00K	USD	3 Qtrs
Unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-1.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$34.55M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$9.40M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$27.43M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$12.37M	USD	1 Quarter
Cash dividends declared and paid per common share	`CashDividendsDeclaredAndPaid`	-	USD	1 Quarter
Cash dividends declared and paid per common share	`CashDividendsDeclaredAndPaid`	$8.25	USD	3 Qtrs
Cash dividends declared and paid per common share	`CashDividendsDeclaredAndPaid`	-	USD	1 Quarter
Cash dividends declared and paid per common share	`CashDividendsDeclaredAndPaid`	$6.00	USD	3 Qtrs

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$27.45M	USD	3 Qtrs
Net earnings	`NetIncomeLoss`	$34.57M	USD	3 Qtrs
Net earnings	`NetIncomeLoss`	$9.40M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$12.39M	USD	1 Quarter
Provision for depreciation	`Depreciation`	$2.58M	USD	1 Quarter
Provision for depreciation	`Depreciation`	$6.61M	USD	3 Qtrs
Provision for depreciation	`Depreciation`	$2.34M	USD	1 Quarter
Provision for depreciation	`Depreciation`	$7.57M	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$3.34M	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$188.00K	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-766.00K	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-470.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-21.28M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-707.00K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$6.97M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$6.24M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-5.74M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$7.38M	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-11.50M	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.25M	USD	3 Qtrs
Federal and state income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-2.19M	USD	3 Qtrs
Federal and state income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.78M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$34.57M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$35.81M	USD	3 Qtrs
Marketable securities purchased	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$32.48M	USD	3 Qtrs
Marketable securities purchased	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$18.29M	USD	3 Qtrs
Marketable securities - maturities and sales	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$16.76M	USD	1 Quarter
Marketable securities - maturities and sales	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$24.47M	USD	3 Qtrs
Marketable securities - maturities and sales	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$62.10M	USD	3 Qtrs
Marketable securities - maturities and sales	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$14.21M	USD	1 Quarter
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.50M	USD	3 Qtrs
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.93M	USD	3 Qtrs
Notes issued	`PaymentsForProceedsFromLoansReceivable`	$3.50M	USD	3 Qtrs
Notes issued	`PaymentsForProceedsFromLoansReceivable`	$160.00K	USD	3 Qtrs
Acquisition of business	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	3 Qtrs
Acquisition of business	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$246.00K	USD	3 Qtrs
Sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$7.00K	USD	3 Qtrs
Sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$5.00K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$16.97M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.49M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividends`	$41.29M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividends`	$56.66M	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$357.00K	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$439.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-56.23M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-40.94M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.45M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-13.86M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$46.27M	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`	$74.00M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$60.14M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$46.27M	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`	$74.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$60.14M	USD	Point-in-time

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