$TNC
TENNANT CO

2023 Q3 Form 10-Q Financial Statement

#000009713423000050 Filed on August 04, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q2
Revenue $304.7M $321.7M $280.2M
YoY Change 15.9% 14.81% 0.39%
Cost Of Revenue $172.7M $182.2M $174.1M
YoY Change 6.47% 4.65% 6.03%
Gross Profit $132.0M $139.5M $106.1M
YoY Change 31.08% 31.48% -7.66%
Gross Profit Margin 43.32% 43.36% 37.87%
Selling, General & Admin $88.20M $85.80M $78.70M
YoY Change 23.53% 9.02% -8.7%
% of Gross Profit 66.82% 61.51% 74.18%
Research & Development $9.100M $9.000M $7.900M
YoY Change 15.19% 13.92% -4.82%
% of Gross Profit 6.89% 6.45% 7.45%
Depreciation & Amortization $12.70M $12.50M $12.10M
YoY Change 12.39% 3.31% -6.2%
% of Gross Profit 9.62% 8.96% 11.4%
Operating Expenses $97.30M $94.80M $86.60M
YoY Change 22.7% 9.47% -8.36%
Operating Profit $34.70M $44.70M $19.50M
YoY Change 62.15% 129.23% -4.41%
Interest Expense -$3.300M -$3.000M -$2.200M
YoY Change 50.0% 36.36% -204.76%
% of Operating Profit -9.51% -6.71% -11.28%
Other Income/Expense, Net -$1.100M -$600.0K -$300.0K
YoY Change -283.33% 100.0% -250.0%
Pretax Income $29.90M $39.90M $20.30M
YoY Change 51.01% 96.55% 181.94%
Income Tax $7.000M $8.600M $3.700M
% Of Pretax Income 23.41% 21.55% 18.23%
Net Earnings $22.90M $31.30M $16.60M
YoY Change 46.79% 88.55% 69.39%
Net Earnings / Revenue 7.52% 9.73% 5.92%
Basic Earnings Per Share $1.23 $1.70 $0.90
Diluted Earnings Per Share $1.21 $1.67 $888.5K
COMMON SHARES
Basic Shares Outstanding 18.58M shares 18.51M shares 18.58M
Diluted Shares Outstanding 18.88M shares 18.71M shares 18.68M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $97.00M $95.80M $73.80M
YoY Change 63.85% 29.81% -45.37%
Cash & Equivalents $97.00M $95.80M $73.80M
Short-Term Investments
Other Short-Term Assets $31.10M $32.10M $43.00M
YoY Change -29.16% -25.35% 36.51%
Inventory $184.6M $198.4M $188.6M
Prepaid Expenses
Receivables $241.9M $263.5M $215.7M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $554.6M $589.8M $521.1M
YoY Change 6.25% 13.18% -0.25%
LONG-TERM ASSETS
Property, Plant & Equipment $182.0M $216.8M $206.2M
YoY Change 9.57% 5.14% 19.81%
Goodwill $180.5M $185.6M
YoY Change 7.06%
Intangibles $64.20M $69.60M
YoY Change -13.24%
Long-Term Investments
YoY Change
Other Assets $45.60M $46.50M $34.50M
YoY Change 6.05% 34.78% 22.34%
Total Long-Term Assets $504.7M $518.5M $504.1M
YoY Change 4.47% 2.86% -9.82%
TOTAL ASSETS
Total Short-Term Assets $554.6M $589.8M $521.1M
Total Long-Term Assets $504.7M $518.5M $504.1M
Total Assets $1.059B $1.108B $1.025B
YoY Change 5.39% 8.11% -5.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $98.50M $113.0M $120.4M
YoY Change -10.45% -6.15% 1.6%
Accrued Expenses $62.10M $51.60M $50.40M
YoY Change 31.57% 2.38% -17.38%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $5.900M $5.300M $5.200M
YoY Change 11.32% 1.92% 62.5%
Total Short-Term Liabilities $244.8M $257.8M $264.9M
YoY Change 0.25% -2.68% -6.82%
LONG-TERM LIABILITIES
Long-Term Debt $215.9M $272.7M $260.6M
YoY Change -21.86% 4.64% -2.03%
Other Long-Term Liabilities $12.00M $46.20M $47.80M
YoY Change 33.33% -3.35% 256.72%
Total Long-Term Liabilities $268.2M $318.9M $308.4M
YoY Change -19.8% 3.4% -14.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $244.8M $257.8M $264.9M
Total Long-Term Liabilities $268.2M $318.9M $308.4M
Total Liabilities $513.0M $587.7M $592.5M
YoY Change -11.34% -0.81% -7.98%
SHAREHOLDERS EQUITY
Retained Earnings $521.7M $503.8M
YoY Change 18.81%
Common Stock $7.000M $7.000M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $545.0M $520.6M $432.7M
YoY Change
Total Liabilities & Shareholders Equity $1.059B $1.108B $1.025B
YoY Change 5.39% 8.11% -5.2%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income $22.90M $31.30M $16.60M
YoY Change 46.79% 88.55% 69.39%
Depreciation, Depletion And Amortization $12.70M $12.50M $12.10M
YoY Change 12.39% 3.31% -6.2%
Cash From Operating Activities $54.40M $39.10M -$13.50M
YoY Change -457.89% -389.63% -169.59%
INVESTING ACTIVITIES
Capital Expenditures $3.500M $5.000M -$5.500M
YoY Change -139.33% -190.91% 77.42%
Acquisitions
YoY Change
Other Investing Activities $300.0K -$200.0K $4.000M
YoY Change -105.0%
Cash From Investing Activities -$3.200M -$5.200M -$1.500M
YoY Change -64.04% 246.67% -51.61%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -49.00M -27.80M -20.50M
YoY Change -545.45% 35.61% -63.91%
NET CHANGE
Cash From Operating Activities 54.40M 39.10M -13.50M
Cash From Investing Activities -3.200M -5.200M -1.500M
Cash From Financing Activities -49.00M -27.80M -20.50M
Net Change In Cash 2.200M 6.100M -35.50M
YoY Change -116.79% -117.18% -12.35%
FREE CASH FLOW
Cash From Operating Activities $54.40M $39.10M -$13.50M
Capital Expenditures $3.500M $5.000M -$5.500M
Free Cash Flow $50.90M $34.10M -$8.000M
YoY Change -907.94% -526.25% -135.56%

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Files In Submission

Name View Source Status
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