10-Q Filing

NATIONAL PRESTO INDUSTRIES INC CIK: 80172 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0000897101-13-001188`
Period End Date	20130630
Filing Date	20130809
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	npk-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 56 Cash Flow Statement 49

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
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`	$37.44M	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`	$35.63M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$55.59M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$45.06M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$72.43M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$76.44M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$33.85M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$46.65M	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$40.34M	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$47.36M	USD	Point-in-time
Raw materials	`InventoryRawMaterials`	$9.17M	USD	Point-in-time
Raw materials	`InventoryRawMaterials`	$9.63M	USD	Point-in-time
Total inventory	`InventoryNet`	$83.36M	USD	Point-in-time
Total inventory	`InventoryNet`	$103.64M	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`	$12.46M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$270.75M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$278.12M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$136.81M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$123.42M	USD	Point-in-time
Less allowance for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$65.70M	USD	Point-in-time
Less allowance for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$61.55M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$71.11M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$61.87M	USD	Point-in-time
GOODWILL & OTHER INTANGIBLES	`IntangibleAssetsNetIncludingGoodwill`	$17.39M	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`	$3.63M	USD	Point-in-time
Total assets	`Assets`	$353.91M	USD	Point-in-time
Total assets	`Assets`	$370.25M	USD	Point-in-time
Total assets	`Assets`	$379.36M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$39.08M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$41.40M	USD	Point-in-time
Federal and state income taxes	`AccruedIncomeTaxesCurrent`	$12.00K	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`	$15.38M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$55.97M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$56.80M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$7.36M	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`	$4.74M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$4.47M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$310.80M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$295.64M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$33.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$53.00K	USD	Point-in-time
Stockholders' Equity before Treasury Stock	`StockholdersEquityBeforeTreasuryStock`	$323.01M	USD	Point-in-time
Stockholders' Equity before Treasury Stock	`StockholdersEquityBeforeTreasuryStock`	$307.61M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$17.04M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$16.91M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$306.10M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$290.57M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$370.25M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$353.91M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$117.11M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$101.40M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$213.89M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$184.59M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$173.94M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$149.97M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$82.98M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$97.52M	USD	1 Quarter
Gross profit	`GrossProfit`	$34.62M	USD	2 Qtrs
Gross profit	`GrossProfit`	$19.59M	USD	1 Quarter
Gross profit	`GrossProfit`	$39.95M	USD	2 Qtrs
Gross profit	`GrossProfit`	$18.41M	USD	1 Quarter
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$6.27M	USD	1 Quarter
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$12.13M	USD	2 Qtrs
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$5.59M	USD	1 Quarter
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$11.44M	USD	2 Qtrs
Operating profit	`OperatingIncomeLoss`	$27.82M	USD	2 Qtrs
Operating profit	`OperatingIncomeLoss`	$23.18M	USD	2 Qtrs
Operating profit	`OperatingIncomeLoss`	$13.33M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$12.82M	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$498.00K	USD	2 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$355.00K	USD	2 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$237.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$147.00K	USD	1 Quarter
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.97M	USD	1 Quarter
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$28.31M	USD	2 Qtrs
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$13.56M	USD	1 Quarter
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$23.53M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$10.27M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$8.38M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$4.86M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$4.67M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$8.30M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$8.70M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$18.05M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$15.15M	USD	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.91M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.90M	shares	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.89M	shares	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.89M	shares	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$2.20	USD	2 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$1.20	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$2.62	USD	2 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$1.26	USD	1 Quarter
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-20.00K	USD	2 Qtrs
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-14.00K	USD	2 Qtrs
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-28.00K	USD	1 Quarter
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-18.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$18.03M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$8.69M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$15.13M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$8.27M	USD	1 Quarter
Cash dividends declared and paid per common share	`CashDividendsDeclaredAndPaid`	-	USD	1 Quarter
Cash dividends declared and paid per common share	`CashDividendsDeclaredAndPaid`	-	USD	2 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	2 Qtrs

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$8.30M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$8.70M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$18.05M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$15.15M	USD	2 Qtrs
Provision for depreciation	`Depreciation`	$4.99M	USD	2 Qtrs
Provision for depreciation	`Depreciation`	$4.18M	USD	2 Qtrs
Intangibles amortization	`AmortizationOfIntangibleAssets`	$333.00K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$86.00K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.05M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-470.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-293.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-15.04M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.89M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-7.06M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$20.28M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-151.00K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$3.44M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.48M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-8.17M	USD	2 Qtrs
Federal and state income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.67M	USD	2 Qtrs
Federal and state income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.58M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.11M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$36.97M	USD	2 Qtrs
Marketable securities purchased	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$6.15M	USD	2 Qtrs
Marketable securities purchased	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$14.99M	USD	2 Qtrs
Marketable securities - maturities and sales	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$14.39M	USD	1 Quarter
Marketable securities - maturities and sales	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$10.26M	USD	2 Qtrs
Marketable securities - maturities and sales	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$3.88M	USD	1 Quarter
Marketable securities - maturities and sales	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$16.65M	USD	2 Qtrs
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.84M	USD	2 Qtrs
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.43M	USD	2 Qtrs
Notes issued	`PaymentsToAcquireNotesReceivable`	$3.50M	USD	2 Qtrs
Sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$8.00K	USD	2 Qtrs
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$246.00K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.92M	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-15.32M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$41.29M	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$357.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-40.94M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-19.29M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.80M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$54.70M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$37.44M	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`	$35.63M	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`	$37.44M	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`	$35.63M	USD	Point-in-time

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