10-Q Filing

NATIONAL PRESTO INDUSTRIES INC CIK: 80172 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0000897101-14-000623`
Period End Date	20140331
Filing Date	20140509
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	npi-20140330.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 30 Cash Flow Statement 46

Balance Sheet 72 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
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`	$7.97M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$22.95M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.44M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$27.71M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$36.40M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$62.75M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$84.32M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$36.08M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$36.12M	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$50.08M	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$49.69M	USD	Point-in-time
Raw materials	`InventoryRawMaterials`	$9.40M	USD	Point-in-time
Raw materials	`InventoryRawMaterials`	$6.75M	USD	Point-in-time
Supplies	`OtherInventorySupplies`	$15.00K	USD	Point-in-time
Total inventory	`InventoryNet`	$95.61M	USD	Point-in-time
Total inventory	`InventoryNet`	$92.51M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$8.08M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$8.08M	USD	Point-in-time
Income tax receivable	`PrepaidTaxes`	$213.00K	USD	Point-in-time
Income tax receivable	`PrepaidTaxes`	$1.50M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$19.58M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$19.61M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$223.24M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$264.07M	USD	Point-in-time
Property, Plant and equipment, gross	`PropertyPlantAndEquipmentGross`	$164.19M	USD	Point-in-time
Property, Plant and equipment, gross	`PropertyPlantAndEquipmentGross`	$155.87M	USD	Point-in-time
Less allowance for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$68.57M	USD	Point-in-time
Less allowance for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$66.28M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$89.59M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$95.62M	USD	Point-in-time
GOODWILL	`Goodwill`	$11.48M	USD	Point-in-time
GOODWILL	`Goodwill`	$11.48M	USD	Point-in-time
INTANGIBLE ASSETS, net	`IntangibleAssetsNetExcludingGoodwill`	$24.70M	USD	Point-in-time
INTANGIBLE ASSETS, net	`IntangibleAssetsNetExcludingGoodwill`	$22.25M	USD	Point-in-time
NOTE RECEIVABLE	`NotesAndLoansReceivableNetNoncurrent`	$3.73M	USD	Point-in-time
NOTE RECEIVABLE	`NotesAndLoansReceivableNetNoncurrent`	$3.69M	USD	Point-in-time
Total assets	`Assets`	$393.54M	USD	Point-in-time
Total assets	`Assets`	$356.93M	USD	Point-in-time
Total assets	`Assets`	$356.32M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$38.32M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$31.57M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$15.91M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$15.27M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$54.23M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$46.84M	USD	Point-in-time
DEFERRED INCOME TAX	`DeferredTaxLiabilitiesNoncurrent`	$6.76M	USD	Point-in-time
DEFERRED INCOME TAX	`DeferredTaxLiabilitiesNoncurrent`	$6.76M	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`	$5.29M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$5.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$306.63M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$336.89M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$12.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$8.00K	USD	Point-in-time
Stockholders' Equity before Treasury Stock	`StockholdersEquityBeforeTreasuryStock`	$349.34M	USD	Point-in-time
Stockholders' Equity before Treasury Stock	`StockholdersEquityBeforeTreasuryStock`	$319.37M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$16.79M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$16.65M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$332.55M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$302.72M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$356.32M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$393.54M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$83.19M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$86.55M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$66.98M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$70.83M	USD	1 Quarter
Gross profit	`GrossProfit`	$16.21M	USD	1 Quarter
Gross profit	`GrossProfit`	$15.72M	USD	1 Quarter
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$6.29M	USD	1 Quarter
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$5.68M	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$2.44M	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$167.00K	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$10.36M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$6.98M	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$208.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$164.00K	USD	1 Quarter
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.15M	USD	1 Quarter
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$10.57M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$3.71M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$2.46M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$4.69M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$6.85M	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.90M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.92M	shares	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.68	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.99	USD	1 Quarter
Unrealized gain on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$4.00K	USD	1 Quarter
Unrealized gain on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$8.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.69M	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`	$5.05	USD	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$4.69M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$6.85M	USD	1 Quarter
Provision for depreciation	`Depreciation`	$2.11M	USD	1 Quarter
Provision for depreciation	`Depreciation`	$2.34M	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$2.44M	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$167.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$180.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$56.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-32.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-109.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-25.91M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-22.89M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$13.51M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.60M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$6.83M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-3.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-5.09M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-8.40M	USD	1 Quarter
Federal and state income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.04M	USD	1 Quarter
Federal and state income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.29M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$24.47M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$10.82M	USD	1 Quarter
Marketable securities purchased	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$1.71M	USD	1 Quarter
Marketable securities purchased	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$1.21M	USD	1 Quarter
Marketable securities - maturities and sales	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$2.26M	USD	1 Quarter
Marketable securities - maturities and sales	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$9.91M	USD	1 Quarter
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.77M	USD	1 Quarter
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.87M	USD	1 Quarter
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$10.00M	USD	1 Quarter
Sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$300.00K	USD	1 Quarter
Sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-5.21M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-4.86M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$34.95M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$362.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-34.59M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-14.98M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.61M	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`	$7.97M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$22.95M	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`	$7.97M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$22.95M	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.