NATIONAL PRESTO INDUSTRIES INC
For the period ended Dec 31, 2023. Filed Mar 15, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 15, 2024
NPK$145.60-0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets - December 31, 2023 and 2022
(Dollars in thousands except share and per share data)
| December 31 · 2023 · 2022 | ||||
|---|---|---|---|---|
| ASSETS | ||||
| CURRENT ASSETS: | ||||
| Cash and cash equivalents | $87,657 | $70,711 | ||
| Marketable securities | 26,454 | 24,863 | ||
| Accounts receivable | $49,323 | $71,362 | ||
| Less allowance for doubtful accounts | 596 | 48,727 | 338 | 71,024 |
| Inventories: | ||||
| Finished goods | 31,815 | 36,249 | ||
| Work in process | 144,684 | 105,564 | ||
| Raw materials and supplies | 13,921 | 190,420 | 10,324 | 152,137 |
| Notes receivable, current | 1,629 | 2,226 | ||
| Other current assets | 5,223 | 5,671 | ||
| Total current assets | 360,110 | 326,632 | ||
| PROPERTY, PLANT AND EQUIPMENT: | ||||
| Land and land improvements | 3,107 | 4,542 | ||
| Buildings | 52,182 | 50,904 | ||
| Machinery and equipment | 51,721 | 49,979 | ||
| 107,010 | 105,425 | |||
| Less allowance for depreciation and amortization | 67,774 | 39,236 | 63,634 | 41,791 |
| GOODWILL | 19,433 | 18,573 | ||
| INTANGIBLE ASSETS, net | 5,290 | 6,926 | ||
| RIGHT-OF-USE LEASE ASSETS | 10,664 | 10,731 | ||
| DEFERRED INCOME TAXES | 5,803 | 5,506 | ||
| OTHER ASSETS | - | 1,688 | ||
| $440,536 | $411,847 | |||
NATIONAL PRESTO INDUSTRIES, INC.
(Dollars in thousands except share and per share data)
| December 31 | 2023 | 2022 |
|---|---|---|
| LIABILITIES | ||
| CURRENT LIABILITIES: | ||
| Accounts payable | $38,232 | $28,944 |
| Federal and state income taxes | 2,539 | 2,552 |
| Lease liabilities | 678 | 577 |
| Accrued liabilities | 30,570 | 21,568 |
| Total current liabilities | 72,019 | 53,641 |
| LEASE LIABILITIES - NON-CURRENT | 9,986 | 10,154 |
| FEDERAL AND STATE INCOME TAXES - NON-CURRENT | 2,275 | - |
| Total liabilities | 84,280 | 63,795 |
| COMMITMENTS AND CONTINGENCIES | ||
| STOCKHOLDERS' EQUITY | ||
| Common stock, $1 par value: | ||
| Outstanding: 7,084,384 and 7,062,872 shares at December 31, 2023 and 2022, respectively | $7,441 | $7,441 |
| Paid-in capital | 16,031 | 14,799 |
| Retained earnings | 344,245 | 338,071 |
| Accumulated other comprehensive income (loss) | 22 | (103) |
| 367,739 | 360,208 | |
| Less treasury stock, at cost, 356,134 and 377,646 shares at December 31, 2023 and 2022, respectively | 11,483 | 12,156 |
| Total stockholders' equity | 356,256 | 348,052 |
| $440,536 | $411,847 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.