10-Q Filing

NATIONAL PRESTO INDUSTRIES INC CIK: 80172 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0000897101-14-001618`
Period End Date	20140930
Filing Date	20141107
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	npk-20140928.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 59 Cash Flow Statement 52

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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$22.95M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$25.29M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	7.44M	shares	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`	$37.44M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$20.62M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$36.40M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$50.27M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$84.32M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$45.23M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$36.08M	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$58.09M	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$49.69M	USD	Point-in-time
Raw materials	`InventoryRawMaterials`	$6.75M	USD	Point-in-time
Raw materials	`InventoryRawMaterials`	$10.13M	USD	Point-in-time
Supplies	`OtherInventorySupplies`	$69.00K	USD	Point-in-time
Total inventory	`InventoryNet`	$92.51M	USD	Point-in-time
Total inventory	`InventoryNet`	$113.51M	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	`IncomeTaxesReceivable`	$6.49M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$213.00K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$16.52M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$19.58M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$240.78M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$264.07M	USD	Point-in-time
Property, Plant and equipment, gross	`PropertyPlantAndEquipmentGross`	$168.45M	USD	Point-in-time
Property, Plant and equipment, gross	`PropertyPlantAndEquipmentGross`	$155.87M	USD	Point-in-time
Less allowance for depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$73.40M	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`	$95.05M	USD	Point-in-time
GOODWILL	`Goodwill`	$11.48M	USD	Point-in-time
GOODWILL	`Goodwill`	$11.48M	USD	Point-in-time
INTANGIBLE ASSETS, net	`IntangibleAssetsNetExcludingGoodwill`	$16.18M	USD	Point-in-time
INTANGIBLE ASSETS, net	`IntangibleAssetsNetExcludingGoodwill`	$24.70M	USD	Point-in-time
NOTE RECEIVABLE	`NotesAndLoansReceivableNetNoncurrent`	$3.79M	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`	$379.36M	USD	Point-in-time
Total assets	`Assets`	$367.28M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$38.32M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$33.16M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$15.91M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$14.81M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$54.23M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$47.97M	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`	$5.00M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$5.65M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$315.94M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$336.89M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$8.00K	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`	$329.04M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$16.79M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$16.50M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$332.55M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$312.55M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$393.54M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$367.28M	USD	Point-in-time

Income Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$95.46M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$270.33M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$285.20M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$100.61M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$230.93M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$80.96M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$222.30M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$79.30M	USD	1 Quarter
Gross profit	`GrossProfit`	$19.65M	USD	1 Quarter
Gross profit	`GrossProfit`	$54.27M	USD	3 Qtrs
Gross profit	`GrossProfit`	$48.03M	USD	3 Qtrs
Gross profit	`GrossProfit`	$16.16M	USD	1 Quarter
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$5.62M	USD	1 Quarter
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$5.63M	USD	1 Quarter
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$16.74M	USD	3 Qtrs
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$18.36M	USD	3 Qtrs
Intangibles amortization	`AmortizationOfIntangibleAssets`	$167.00K	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$500.00K	USD	3 Qtrs
Intangibles amortization	`AmortizationOfIntangibleAssets`	$2.69M	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$8.52M	USD	3 Qtrs
Operating profit	`OperatingIncomeLoss`	$7.85M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$21.15M	USD	3 Qtrs
Operating profit	`OperatingIncomeLoss`	$13.86M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$37.03M	USD	3 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$508.00K	USD	3 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$353.00K	USD	3 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$41.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$153.00K	USD	1 Quarter
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.89M	USD	1 Quarter
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$21.50M	USD	3 Qtrs
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$14.01M	USD	1 Quarter
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$37.54M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$13.37M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$4.99M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$2.77M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$7.52M	USD	3 Qtrs
Net earnings	`NetIncomeLoss`	$13.98M	USD	3 Qtrs
Net earnings	`NetIncomeLoss`	$24.17M	USD	3 Qtrs
Net earnings	`NetIncomeLoss`	$5.12M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$9.02M	USD	1 Quarter
Weighted average shares outstanding (basic and diluted)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.93M	shares	3 Qtrs
Weighted average shares outstanding (basic and diluted)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.91M	shares	3 Qtrs
Weighted average shares outstanding (basic and diluted)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.91M	shares	1 Quarter
Weighted average shares outstanding (basic and diluted)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.93M	shares	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$3.50	USD	3 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$1.31	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.74	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$2.02	USD	3 Qtrs
Unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-3.00K	USD	1 Quarter
Unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-7.00K	USD	1 Quarter
Unrealized gain (loss) on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-27.00K	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$9.01M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$5.12M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$24.14M	USD	3 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$13.98M	USD	3 Qtrs
Cash dividends declared and paid per common share	`CashDividendsDeclaredAndPaid`	-	USD	1 Quarter
Cash dividends declared and paid per common share	`CashDividendsDeclaredAndPaid`	$5.05	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 Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$13.98M	USD	3 Qtrs
Net earnings	`NetIncomeLoss`	$24.17M	USD	3 Qtrs
Net earnings	`NetIncomeLoss`	$5.12M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$9.02M	USD	1 Quarter
Provision for depreciation	`Depreciation`	$7.20M	USD	3 Qtrs
Provision for depreciation	`Depreciation`	$6.24M	USD	3 Qtrs
Intangibles amortization	`AmortizationOfIntangibleAssets`	$167.00K	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$500.00K	USD	3 Qtrs
Intangibles amortization	`AmortizationOfIntangibleAssets`	$2.69M	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$8.52M	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$424.00K	USD	3 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$319.00K	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-260.00K	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-470.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-14.78M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-35.13M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$27.88M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$16.31M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$3.54M	USD	3 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-3.10M	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-6.70M	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.51M	USD	3 Qtrs
Federal and state income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-580.00K	USD	3 Qtrs
Federal and state income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-6.28M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$39.53M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$15.78M	USD	3 Qtrs
Marketable securities purchased	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$2.83M	USD	3 Qtrs
Marketable securities purchased	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$6.15M	USD	3 Qtrs
Marketable securities - maturities and sales	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$4.22M	USD	1 Quarter
Marketable securities - maturities and sales	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$18.61M	USD	3 Qtrs
Marketable securities - maturities and sales	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$723.00K	USD	1 Quarter
Marketable securities - maturities and sales	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$17.37M	USD	3 Qtrs
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.05M	USD	3 Qtrs
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.15M	USD	3 Qtrs
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$10.53M	USD	3 Qtrs
Sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$8.00K	USD	3 Qtrs
Sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$304.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-6.83M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.60M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$34.95M	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$362.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-34.59M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.95M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.34M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$22.95M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$25.29M	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`	$37.44M	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`	$25.29M	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`	$37.44M	USD	Point-in-time

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