10-Q Filing

NATIONAL PRESTO INDUSTRIES INC CIK: 80172 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0000897101-13-000716`
Period End Date	20130331
Filing Date	20130510
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	npk-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 32 Cash Flow Statement 43

Balance Sheet 69 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
Common stock, shares issued	`CommonStockSharesIssued`	7.44M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$43.05M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$44.98M	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`	$37.44M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$55.59M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$55.04M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$76.44M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$50.53M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$37.80M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$33.85M	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$50.05M	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$40.34M	USD	Point-in-time
Raw materials	`InventoryRawMaterials`	$9.17M	USD	Point-in-time
Raw materials	`InventoryRawMaterials`	$9.02M	USD	Point-in-time
Total inventory	`InventoryNet`	$96.88M	USD	Point-in-time
Total inventory	`InventoryNet`	$83.36M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$8.91M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$8.91M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$9.02M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$15.85M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$270.25M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$270.75M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$123.42M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$129.16M	USD	Point-in-time
Less allowance for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$61.55M	USD	Point-in-time
Less allowance for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$63.65M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$65.52M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$61.87M	USD	Point-in-time
GOODWILL & OTHER INTANGIBLES	`IntangibleAssetsNetIncludingGoodwill`	$17.55M	USD	Point-in-time
GOODWILL & OTHER INTANGIBLES	`IntangibleAssetsNetIncludingGoodwill`	$17.72M	USD	Point-in-time
NOTE RECEIVABLE	`NotesAndLoansReceivableNetNoncurrent`	$3.57M	USD	Point-in-time
NOTE RECEIVABLE	`NotesAndLoansReceivableNetNoncurrent`	$3.60M	USD	Point-in-time
Total assets	`Assets`	$373.66M	USD	Point-in-time
Total assets	`Assets`	$353.91M	USD	Point-in-time
Total assets	`Assets`	$356.93M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$39.08M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$34.33M	USD	Point-in-time
Federal and state income taxes	`AccruedIncomeTaxesCurrent`	$2.68M	USD	Point-in-time
Federal and state income taxes	`AccruedIncomeTaxesCurrent`	$1.64M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$15.25M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$14.90M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$55.97M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$51.91M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$7.37M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$7.37M	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 Issued: 7,440,518	`CommonStockValue`	$7.44M	USD	Point-in-time
Common stock, $1 par value: Authorized: 12,000,000 Issued: 7,440,518	`CommonStockValue`	$7.44M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$4.62M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$4.47M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$295.64M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$302.50M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$61.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$53.00K	USD	Point-in-time
Stockholders' Equity before Treasury Stock	`StockholdersEquityBeforeTreasuryStock`	$307.61M	USD	Point-in-time
Stockholders' Equity before Treasury Stock	`StockholdersEquityBeforeTreasuryStock`	$314.62M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$17.04M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$16.97M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$290.57M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$297.65M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$353.91M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$356.93M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$96.77M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$83.19M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$66.98M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$76.42M	USD	1 Quarter
Gross profit	`GrossProfit`	$16.21M	USD	1 Quarter
Gross profit	`GrossProfit`	$20.35M	USD	1 Quarter
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$5.85M	USD	1 Quarter
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$5.86M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$14.49M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$10.36M	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$208.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$261.00K	USD	1 Quarter
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$10.57M	USD	1 Quarter
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$14.75M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$3.71M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$5.41M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$9.34M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$6.85M	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.88M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	6.90M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.88M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.91M	shares	1 Quarter
Basic	`EarningsPerShareBasic`	$1.36	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.99	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.99	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.36	USD	1 Quarter
Unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$8.00K	USD	1 Quarter
Unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$4.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$9.35M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$6.86M	USD	1 Quarter
Cash dividends declared and paid per common share	`CashDividendsDeclaredAndPaid`	-	USD	1 Quarter
Cash dividends declared and paid per common share	`CashDividendsDeclaredAndPaid`	$6.00	USD	1 Quarter

Cash Flow Statement 43 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$9.34M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$6.85M	USD	1 Quarter
Provision for depreciation	`Depreciation`	$2.43M	USD	1 Quarter
Provision for depreciation	`Depreciation`	$2.11M	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$167.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$100.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$56.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-109.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-292.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-7.00M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-25.91M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$812.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$13.51M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$6.83M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$11.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-5.09M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-9.83M	USD	1 Quarter
Federal and state income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$3.14M	USD	1 Quarter
Federal and state income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.04M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$11.66M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.82M	USD	1 Quarter
Marketable securities purchased	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$1.71M	USD	1 Quarter
Marketable securities purchased	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$1.62M	USD	1 Quarter
Marketable securities - maturities and sales	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$2.26M	USD	1 Quarter
Marketable securities - maturities and sales	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$6.37M	USD	1 Quarter
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.49M	USD	1 Quarter
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.77M	USD	1 Quarter
Sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.21M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$256.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$41.29M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$357.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-40.94M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.61M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-29.02M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$43.05M	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`	$74.00M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$37.44M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$43.05M	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`	$74.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$37.44M	USD	Point-in-time

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