10-Q Filing

NATIONAL PRESTO INDUSTRIES INC CIK: 80172 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0000897101-13-001654`
Period End Date	20130930
Filing Date	20131108
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	npk-20130929.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 56 Cash Flow Statement 50

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`	$37.44M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.39M	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
Common stock, shares issued	`CommonStockSharesIssued`	7.44M	shares	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$55.59M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$44.32M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$61.38M	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`	$56.78M	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$46.30M	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$40.34M	USD	Point-in-time
Raw materials	`InventoryRawMaterials`	$8.16M	USD	Point-in-time
Raw materials	`InventoryRawMaterials`	$9.17M	USD	Point-in-time
Total inventory	`InventoryNet`	$111.24M	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`	$12.56M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$284.80M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$270.75M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$141.28M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$123.42M	USD	Point-in-time
Less allowance for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$67.61M	USD	Point-in-time
Less allowance for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$61.55M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$61.87M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$73.67M	USD	Point-in-time
GOODWILL & OTHER INTANGIBLES	`IntangibleAssetsNetIncludingGoodwill`	$17.72M	USD	Point-in-time
GOODWILL & OTHER INTANGIBLES	`IntangibleAssetsNetIncludingGoodwill`	$17.22M	USD	Point-in-time
NOTE RECEIVABLE	`NotesAndLoansReceivableNetNoncurrent`	$3.57M	USD	Point-in-time
NOTE RECEIVABLE	`NotesAndLoansReceivableNetNoncurrent`	$3.66M	USD	Point-in-time
Total assets	`Assets`	$394.85M	USD	Point-in-time
Total assets	`Assets`	$353.91M	USD	Point-in-time
Total assets	`Assets`	$379.36M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$40.72M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$39.08M	USD	Point-in-time
Federal and state income taxes	`AccruedIncomeTaxesCurrent`	$1.05M	USD	Point-in-time
Federal and state income taxes	`AccruedIncomeTaxesCurrent`	$1.64M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$15.08M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$15.25M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$55.97M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$56.85M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$7.35M	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`	$4.78M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$4.47M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$319.81M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$295.64M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$53.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$26.00K	USD	Point-in-time
Stockholders' Equity before Treasury Stock	`StockholdersEquityBeforeTreasuryStock`	$332.06M	USD	Point-in-time
Stockholders' Equity before Treasury Stock	`StockholdersEquityBeforeTreasuryStock`	$307.61M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$16.91M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$17.04M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$315.15M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$290.57M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$379.36M	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`	$330.70M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$285.20M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$100.61M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$116.81M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$80.96M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$93.91M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$267.85M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$230.93M	USD	3 Qtrs
Gross profit	`GrossProfit`	$19.65M	USD	1 Quarter
Gross profit	`GrossProfit`	$54.27M	USD	3 Qtrs
Gross profit	`GrossProfit`	$22.91M	USD	1 Quarter
Gross profit	`GrossProfit`	$62.85M	USD	3 Qtrs
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$17.24M	USD	3 Qtrs
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$20.19M	USD	3 Qtrs
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$8.06M	USD	1 Quarter
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$5.79M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$13.86M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$37.03M	USD	3 Qtrs
Operating profit	`OperatingIncomeLoss`	$14.85M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$42.66M	USD	3 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$729.00K	USD	3 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$231.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$153.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$508.00K	USD	3 Qtrs
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$43.39M	USD	3 Qtrs
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$37.54M	USD	3 Qtrs
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$15.08M	USD	1 Quarter
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$14.01M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$5.68M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$15.95M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$4.99M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$13.37M	USD	3 Qtrs
Net earnings	`NetIncomeLoss`	$9.40M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$24.17M	USD	3 Qtrs
Net earnings	`NetIncomeLoss`	$9.02M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$27.45M	USD	3 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.89M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.89M	shares	3 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.91M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.91M	shares	3 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$1.36	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$3.98	USD	3 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$3.50	USD	3 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$1.31	USD	1 Quarter
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-7.00K	USD	1 Quarter
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-15.00K	USD	3 Qtrs
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-1.00K	USD	1 Quarter
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-27.00K	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$9.01M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$9.40M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$24.14M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$27.43M	USD	3 Qtrs
Cash dividends declared and paid per common share	`CashDividendsDeclaredAndPaid`	-	USD	3 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 dividends declared and paid per common share	`CashDividendsDeclaredAndPaid`	$6.00	USD	3 Qtrs

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$9.40M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$24.17M	USD	3 Qtrs
Net earnings	`NetIncomeLoss`	$9.02M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$27.45M	USD	3 Qtrs
Provision for depreciation	`Depreciation`	$6.24M	USD	3 Qtrs
Provision for depreciation	`Depreciation`	$7.57M	USD	3 Qtrs
Intangibles amortization	`AmortizationOfIntangibleAssets`	$500.00K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$3.34M	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$319.00K	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-260.00K	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-766.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-707.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-14.78M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$6.97M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$27.88M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-5.74M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$3.54M	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.25M	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.51M	USD	3 Qtrs
Federal and state income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.78M	USD	3 Qtrs
Federal and state income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-580.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$34.57M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$15.78M	USD	3 Qtrs
Marketable securities purchased	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$18.29M	USD	3 Qtrs
Marketable securities purchased	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$6.15M	USD	3 Qtrs
Marketable securities - maturities and sales	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$17.37M	USD	3 Qtrs
Marketable securities - maturities and sales	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$24.47M	USD	3 Qtrs
Marketable securities - maturities and sales	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$723.00K	USD	1 Quarter
Marketable securities - maturities and sales	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$14.21M	USD	1 Quarter
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.93M	USD	3 Qtrs
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.05M	USD	3 Qtrs
Notes issued	`PaymentsToAcquireNotesReceivable`	$3.50M	USD	3 Qtrs
Sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$8.00K	USD	3 Qtrs
Sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$7.00K	USD	3 Qtrs
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$246.00K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-6.83M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-7.49M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$41.29M	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$357.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-40.94M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.95M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-13.86M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$37.44M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$46.39M	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`	$37.44M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$46.39M	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.