Mgp ingredients, inc. (MGPI)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Jun'10
Current Assets
Current Assets
Cash and cash equivalents

42,659

3,309

4,397

2,162

0

5,025

0

2,280

1,123

3,084

7,113

7,911

0

1,569

0

1,554

0

747

126

4,361

6,391

5,641

0

883

0

2,857

0

0

-

0

-

-

-

383

986

7,603

6,369

Receivables (less allowance for doubtful accounts at March 31, 2020, and December 31, 2019 - $24)

52,443

40,931

40,554

41,604

43,885

38,797

49,991

35,758

34,532

34,347

37,451

34,930

36,387

26,085

37,174

33,998

31,204

30,670

31,659

36,753

32,866

32,672

31,550

34,737

31,871

27,821

31,796

31,157

34,345

35,325

30,294

35,364

35,788

27,804

31,013

27,844

17,674

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

12

129

2,757

6,151

7,605

8,168

1,028

971

Inventory

142,774

136,931

126,193

118,007

111,330

108,769

107,346

106,487

98,876

93,149

89,652

85,551

79,988

78,858

75,611

71,595

68,383

58,701

52,208

45,017

37,654

34,441

31,465

31,947

30,875

34,917

36,801

41,034

38,998

36,532

34,505

36,525

34,318

31,082

18,987

17,079

14,510

Prepaid expenses

4,387

2,048

1,646

1,834

2,263

1,320

1,885

2,802

3,187

2,182

2,508

2,832

2,426

1,684

779

792

1,351

1,062

2,239

1,842

1,743

1,179

1,435

2,097

2,035

848

1,238

1,814

1,351

697

1,737

1,087

1,367

958

1,106

1,201

1,517

Deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26

595

733

Derivative assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

606

-

-

1,304

385

598

161

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,555

6,093

6,524

7,924

2,532

3,303

4,162

4,977

6,349

4,943

5,044

5,283

4,763

5,286

6,802

6,056

2,575

3,740

6,267

Refundable income taxes

0

987

2,850

5,404

2,361

712

2,011

1,534

932

1,980

233

3,131

0

2,705

549

-

-

0

707

0

0

388

225

176

258

466

226

235

280

242

414

514

446

566

525

525

578

Assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,300

-

-

-

Total current assets

242,263

184,206

175,640

169,011

159,839

154,623

161,233

148,861

138,650

134,742

136,957

134,355

118,801

110,901

114,113

107,939

100,938

91,180

92,494

94,066

85,178

82,245

67,207

73,143

69,201

71,886

76,410

79,183

80,018

78,091

72,448

81,533

84,872

78,058

63,771

60,213

48,780

Property, plant, and equipment

317,159

313,958

304,730

299,666

297,420

-

282,271

278,548

271,097

-

255,974

252,586

249,780

-

239,986

238,150

233,002

-

219,866

206,362

202,850

-

198,549

196,796

195,667

-

192,361

189,783

188,764

-

189,052

190,367

186,036

-

166,323

-

-

Less accumulated depreciation and amortization

188,488

185,539

182,576

179,772

177,478

-

172,344

169,712

167,095

-

161,540

158,812

156,083

-

152,357

152,180

149,585

-

143,315

140,319

137,306

-

133,337

130,342

127,409

-

122,061

119,133

116,227

-

112,336

113,952

111,143

-

104,434

-

-

Property, plant, and equipment, net

128,671

128,419

122,154

119,894

119,942

120,788

109,927

108,836

104,002

103,051

94,434

93,774

93,697

92,791

87,629

85,970

83,417

83,554

76,551

66,043

65,544

63,881

65,212

66,454

68,258

70,244

70,300

70,650

72,537

75,391

76,716

76,415

74,893

77,079

61,889

63,250

57,605

Operating lease right-of-use assets, net

6,295

6,490

5,628

6,163

6,686

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity method investments

-

-

-

-

-

-

-

-

-

-

0

11,152

19,403

18,934

17,518

16,856

15,780

18,563

18,427

16,865

13,673

12,373

14,364

12,786

10,458

7,123

6,352

6,424

6,347

7,301

7,762

7,889

8,049

12,147

9,718

12,575

14,266

Other assets

5,173

3,482

3,598

3,656

3,633

2,481

2,420

2,458

2,559

2,535

2,626

2,665

2,672

2,710

897

934

972

1,013

1,923

2,001

2,192

1,716

2,326

2,391

1,985

2,076

2,153

2,263

2,312

2,388

1,715

1,675

1,774

1,873

388

445

633

Total assets

382,402

322,597

307,020

298,724

290,100

277,892

273,580

260,155

245,211

240,328

234,017

241,946

234,573

225,336

220,157

211,699

201,107

194,310

189,395

178,975

166,587

160,215

149,109

154,774

149,902

151,329

155,215

158,520

161,214

163,171

158,641

167,512

169,588

169,157

135,766

136,483

121,284

Current Liabilities
Current Liabilities
Current maturities of long-term debt

404

401

397

393

390

386

382

379

375

372

368

4,366

4,362

4,359

4,356

4,352

5,997

3,345

2,400

2,484

2,567

2,613

2,598

1,583

1,570

1,557

1,558

1,601

1,642

1,683

1,710

1,697

1,684

1,670

1,657

1,705

689

Revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26,368

23,380

21,792

21,142

12,870

4,658

-

Accounts payable

28,456

29,511

24,200

20,711

19,398

25,363

22,905

23,333

24,630

30,037

20,710

16,140

16,506

20,342

17,713

20,982

16,740

20,940

20,775

19,173

16,539

16,076

14,101

18,342

18,552

23,107

19,689

18,653

22,977

18,860

15,094

22,423

20,970

22,704

16,029

18,052

10,341

Accounts payable to affiliate, net

-

-

-

-

-

-

-

-

-

-

0

3,181

2,807

3,349

2,484

2,487

2,302

2,291

4,070

4,321

4,018

3,333

3,424

3,268

2,564

1,204

517

0

721

4,008

2,572

4,611

4,787

6,167

4,620

6,166

4,951

Accrued expenses

10,398

9,383

10,528

11,014

10,629

11,714

8,545

7,937

7,161

11,171

9,715

8,009

7,317

8,945

7,673

7,101

7,335

10,400

10,348

9,889

7,848

8,010

7,987

7,314

7,239

8,282

7,145

6,716

6,677

5,220

5,418

5,165

5,841

4,023

4,916

4,399

7,510

Income taxes payable

2,054

0

-

-

-

-

-

-

-

-

-

-

534

-

592

742

4,797

685

-

469

574

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

725

716

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Derivative liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

148

1,764

3,165

3,465

8,694

2,852

147

Total current liabilities

41,312

39,295

35,125

32,118

30,417

37,463

31,832

31,649

32,166

41,580

30,793

31,696

31,526

36,995

32,818

35,664

37,171

37,661

37,593

36,336

32,271

30,748

28,110

30,507

29,925

34,150

28,909

26,970

32,017

29,771

51,310

59,040

58,239

59,171

48,786

37,832

23,638

Credit agreement - revolver

53,590

1

-

-

-

10,588

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt, less current maturities (Note 3)

40,561

40,658

40,756

40,851

20,946

21,040

21,133

21,225

21,316

21,407

21,496

14,034

15,126

16,218

17,309

18,399

19,239

7,579

6,512

7,083

7,652

7,286

8,329

2,814

3,214

3,611

4,005

4,395

4,783

5,168

5,564

5,996

6,425

6,852

7,276

7,702

2,082

Credit agreement - revolver (Note 3)

-

-

173

1,245

21,641

-

23,605

18,857

10,544

2,775

12,296

25,332

24,205

15,424

23,801

18,618

12,208

22,536

19,901

14

14

0

5,736

19,009

18,455

18,000

24,867

24,663

21,766

25,893

-

-

-

-

-

-

-

Long-term operating lease liabilities

4,058

4,267

3,598

4,112

4,631

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred credits

1,152

1,233

1,316

1,399

1,482

1,565

1,687

1,789

1,934

2,151

2,361

2,568

2,777

2,978

3,178

3,054

3,228

3,402

3,579

3,759

3,939

4,099

4,259

4,098

3,770

3,925

3,793

3,958

4,036

4,133

3,747

3,896

4,045

4,195

4,346

4,498

5,379

Accrued retirement, health, and life insurance benefits

-

-

2,427

2,482

2,526

-

2,913

2,989

3,030

3,133

3,381

3,415

3,460

3,604

3,921

4,045

4,085

4,136

4,193

4,259

4,305

4,420

3,654

3,720

4,363

4,423

4,884

4,913

4,985

5,096

5,283

6,517

6,415

6,309

6,617

6,498

8,170

Other noncurrent liabilities

4,358

4,170

1,576

1,851

1,516

4,118

1,112

545

542

540

465

402

399

393

-197

81

80

79

-

-

-

0

706

684

662

640

946

987

1,006

1,000

1,460

1,715

1,744

2,144

811

1,015

2,964

Deferred income taxes

1,806

1,929

2,629

2,224

1,822

1,677

936

741

291

12

3,788

4,009

2,942

3,432

1,541

2,008

2,135

2,757

8,333

10,523

9,924

9,297

1,318

3,303

4,162

4,977

6,349

4,943

5,044

5,283

4,763

5,286

6,802

6,056

2,575

3,740

6,267

Total liabilities

146,837

91,553

87,600

86,282

84,981

76,451

83,218

77,795

69,823

71,598

74,580

81,456

80,435

79,044

82,371

81,869

78,146

78,150

80,111

61,974

58,105

55,850

52,112

64,135

64,551

69,726

73,753

70,829

73,637

76,344

72,127

82,450

83,670

84,727

70,411

61,285

48,500

Commitments and Contingencies

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

-

-

-

-

-

-

-

Stockholders’ Equity
Capital stock
Preferred, 5% non-cumulative; $10 par value; authorized 1,000 shares; issued and outstanding 437 shares

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

Common stock
Common stock
No par value; authorized 40,000,000 shares; issued 18,115,965 shares at March 31, 2020 and December 31, 2019; and 16,895,522 and 17,028,125 shares outstanding at March 31, 2020 and December 31, 2019, respectively

6,715

6,715

6,715

6,715

6,715

6,715

6,715

6,715

6,715

6,715

6,715

6,715

6,715

6,715

6,715

6,715

6,715

6,715

6,715

6,715

6,715

6,715

6,715

6,715

6,715

6,715

6,715

6,715

6,715

6,715

6,715

6,715

6,715

6,715

6,715

6,715

6,715

Additional paid-in capital

14,364

14,029

13,601

13,117

12,636

15,375

14,888

14,484

13,983

13,912

14,961

14,723

14,318

14,279

12,938

12,634

12,361

12,383

11,013

10,286

10,109

9,904

9,196

8,879

8,758

8,728

8,844

8,637

8,247

7,894

7,553

7,344

7,278

6,925

6,715

7,473

7,606

Retained earnings

238,567

230,784

219,551

213,049

206,851

198,914

188,469

180,835

174,682

167,129

155,175

156,325

150,643

142,652

135,739

126,550

120,242

113,531

108,079

101,308

93,437

89,454

81,891

75,663

70,564

66,686

67,047

73,372

73,092

72,531

72,351

71,933

72,783

78,953

62,809

69,224

71,428

Accumulated other comprehensive loss

-252

-246

-104

-97

-81

-164

-269

-283

-324

-311

-493

-454

-414

-373

-556

-538

-517

-500

-489

-474

-803

-732

198

321

-179

-4

-634

-523

-382

-233

-25

-850

-862

-1,035

-3,535

-15

-2,827

Treasury stock, at cost, 1,220,443 and 1,087,840 at March 31, 2020 and December 31, 2019, respectively

23,833

20,242

20,347

20,346

21,006

19,403

19,445

19,395

19,672

18,719

16,925

16,823

17,128

16,985

17,054

15,535

15,844

15,973

16,038

838

980

980

1,007

943

511

526

514

514

99

84

84

84

-

7,132

7,353

8,203

10,142

Total stockholders’ equity

235,565

231,044

219,420

212,442

205,119

201,441

190,362

182,360

175,388

168,730

159,437

160,490

154,138

146,292

137,786

129,830

122,961

116,160

109,284

117,001

108,482

104,365

96,997

90,639

85,351

81,603

81,462

87,691

87,577

86,827

86,514

85,062

85,918

84,430

65,355

75,198

72,784

Total liabilities and stockholders’ equity

382,402

322,597

307,020

298,724

290,100

277,892

273,580

260,155

245,211

240,328

234,017

241,946

234,573

225,336

220,157

211,699

201,107

194,310

189,395

178,975

166,587

160,215

149,109

154,774

149,902

151,329

155,215

158,520

161,214

163,171

158,641

167,512

169,588

169,157

135,766

136,483

121,284