10-Q Filing

NATIONAL PRESTO INDUSTRIES INC CIK: 80172 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0000897101-15-000673`
Period End Date	20150331
Filing Date	20150515
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	npk-20150405.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 30 Cash Flow Statement 51

Balance Sheet 71 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`	$54.04M	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
Common stock, shares issued	`CommonStockSharesIssued`	7.44M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$49.36M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	7.44M	shares	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$22.40M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$20.59M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$51.35M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$68.75M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$30.69M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$30.31M	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$50.57M	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$54.05M	USD	Point-in-time
Raw materials and supplies	`InventoryRawMaterialsAndSupplies`	$8.49M	USD	Point-in-time
Raw materials and supplies	`InventoryRawMaterialsAndSupplies`	$8.18M	USD	Point-in-time
Total inventory	`InventoryNet`	$89.06M	USD	Point-in-time
Total inventory	`InventoryNet`	$93.23M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$6.62M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetCurrent`	$6.62M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.67M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$23.06M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$14.32M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$256.87M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$244.21M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$171.26M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT	`PropertyPlantAndEquipmentGross`	$172.74M	USD	Point-in-time
Less allowance for depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$75.72M	USD	Point-in-time
Less allowance for depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$78.12M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$94.61M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$95.54M	USD	Point-in-time
GOODWILL	`Goodwill`	$11.48M	USD	Point-in-time
GOODWILL	`Goodwill`	$11.48M	USD	Point-in-time
INTANGIBLE ASSETS, net	`IntangibleAssetsNetExcludingGoodwill`	$10.64M	USD	Point-in-time
INTANGIBLE ASSETS, net	`IntangibleAssetsNetExcludingGoodwill`	$8.25M	USD	Point-in-time
NOTE RECEIVABLE	`NotesAndLoansReceivableNetNoncurrent`	$3.85M	USD	Point-in-time
NOTE RECEIVABLE	`NotesAndLoansReceivableNetNoncurrent`	$3.82M	USD	Point-in-time
Total assets	`Assets`	$378.36M	USD	Point-in-time
Total assets	`Assets`	$362.40M	USD	Point-in-time
Total assets	`Assets`	$356.32M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$33.43M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$32.95M	USD	Point-in-time
Federal and state income taxes	`AccruedIncomeTaxesCurrent`	$4.59M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$14.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$15.68M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$52.01M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$48.63M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$4.29M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$4.29M	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 shares; Issued: 7,440,518 shares	`CommonStockValue`	$7.44M	USD	Point-in-time
Common stock, $1 par value: Authorized: 12,000,000 shares; Issued: 7,440,518 shares	`CommonStockValue`	$7.44M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$5.91M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$6.20M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$308.41M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$328.42M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$4.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.00K	USD	Point-in-time
Stockholders' Equity before Treasury Stock	`StockholdersEquityBeforeTreasuryStock`	$322.05M	USD	Point-in-time
Stockholders' Equity before Treasury Stock	`StockholdersEquityBeforeTreasuryStock`	$341.76M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$15.96M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$16.32M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$306.10M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$325.44M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$378.36M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$362.40M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$101.00M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$86.55M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$80.12M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$70.83M	USD	1 Quarter
Gross profit	`GrossProfit`	$15.72M	USD	1 Quarter
Gross profit	`GrossProfit`	$20.88M	USD	1 Quarter
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$6.16M	USD	1 Quarter
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$6.29M	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$2.39M	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$2.44M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$12.32M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$6.98M	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$164.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$75.00K	USD	1 Quarter
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.15M	USD	1 Quarter
Earnings before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.40M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.29M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.46M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$4.69M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$8.11M	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.92M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.94M	shares	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.68	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$1.17	USD	1 Quarter
Unrealized gain on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$7.00K	USD	1 Quarter
Unrealized gain on available-for-sale securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$4.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$8.12M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$4.69M	USD	1 Quarter
Cash dividends declared and paid per common share	`CashDividendsDeclaredAndPaid`	$5.05	USD	1 Quarter
Cash dividends declared and paid per common share	`CashDividendsDeclaredAndPaid`	$4.05	USD	1 Quarter

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$4.69M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$8.11M	USD	1 Quarter
Provision for depreciation	`Depreciation`	$2.34M	USD	1 Quarter
Provision for depreciation	`Depreciation`	$2.48M	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$2.39M	USD	1 Quarter
Intangibles amortization	`AmortizationOfIntangibleAssets`	$2.44M	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$6.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$180.00K	USD	1 Quarter
Noncash retirement plan expense	`NoncashRetirementPlanExpense`	$231.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-32.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-38.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-17.40M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-22.89M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.60M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$4.17M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-3.00K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$8.74M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-8.40M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.19M	USD	1 Quarter
Federal and state income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.29M	USD	1 Quarter
Federal and state income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$6.26M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$24.47M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$22.82M	USD	1 Quarter
Marketable securities purchased	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$1.21M	USD	1 Quarter
Marketable securities purchased	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$2.02M	USD	1 Quarter
Marketable securities - maturities and sales	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$3.84M	USD	1 Quarter
Marketable securities - maturities and sales	`ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities`	$9.91M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.55M	USD	1 Quarter
Purchase 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`	$22.00K	USD	1 Quarter
Sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$300.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-4.86M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$292.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$28.11M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$34.95M	USD	1 Quarter
Proceeds from sale of treasury stock	`ProceedsFromSaleOfTreasuryStock`	$323.00K	USD	1 Quarter
Proceeds from sale of treasury stock	`ProceedsFromSaleOfTreasuryStock`	$362.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-5.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-34.59M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-27.80M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.69M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-14.98M	USD	1 Quarter
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$54.04M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$7.97M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$22.95M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$49.36M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$54.04M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$7.97M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$22.95M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$49.36M	USD	Point-in-time

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