Company research
BARNES GROUP INC
CIK 9984
Filing activity
Latest filing
50 filings on record · 15-12G, 4, S-8 POS, 25-NSE, 8-K, SCHEDULE 13G/A.
Financials
FY 2023 · USDSource
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balance sheet · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 3,308,014,000Source | 2,413,730,000Source | 2,576,820,000Source | 2,676,226,000Source |
| Property, Plant and Equipment, NetUSD | 402,697,000Source | 320,139,000Source | 341,462,000Source | 370,947,000Source |
| GoodwillUSD | 1,183,624,000Source | 835,472,000Source | 955,370,000Source | 1,011,580,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 706,471,000Source | 442,492,000Source | 500,246,000Source | 564,132,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 89,827,000Source | 76,858,000Source | 102,860,000Source | 79,145,000Source |
| Inventory, NetUSD | 365,221,000Source | 283,402,000Source | 239,655,000Source | 238,008,000Source |
| Assets, CurrentUSD | 906,720,000Source | 732,304,000Source | 680,209,000Source | 642,345,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 97,749,000Source | 80,161,000Source | 75,437,000Source | 73,732,000Source |
| Operating Lease, Right-of-Use AssetUSD | 46,780,000Source | 27,054,000Source | 29,393,000Source | 27,539,000Source |
| Other Assets, NoncurrentUSD | 98,207,000Source | 65,295,000Source | 77,557,000Source | 65,130,000Source |
| LIABILITIES AND EQUITY | ||||
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 646,000Source | 645,000Source | 643,000Source | 642,000Source |
| Retained Earnings (Accumulated Deficit)USD | 1,551,213,000Source | 1,567,898,000Source | 1,587,041,000Source | 1,519,811,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -195,129,000Source | -220,500,000Source | -151,838,000Source | -122,315,000Source |
| Stockholders' Equity Attributable to ParentUSD | 1,362,263,000Source | 1,346,327,000Source | 1,428,766,000Source | 1,382,677,000Source |
| Additional Paid in Capital, Common StockUSD | 537,948,000Source | 529,791,000Source | 516,562,000Source | 501,531,000Source |
| Liabilities and EquityUSD | 3,308,014,000Source | 2,413,730,000Source | 2,576,820,000Source | 2,676,226,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 396,610,000Source | 305,073,000Source | 310,394,000Source | 295,379,000Source |
| Operating Lease, Liability, CurrentUSD | 10,894,000Source | 10,209,000Source | 11,125,000Source | 11,707,000Source |
| Accounts Payable, CurrentUSD | 164,264,000Source | 145,060,000Source | 131,076,000Source | 112,428,000Source |
| Operating Lease, Liability, NoncurrentUSD | 36,197,000Source | 17,128,000Source | 18,018,000Source | 16,304,000Source |
| Deferred Income Tax Liabilities, NetUSD | 120,608,000Source | 62,562,000Source | 66,704,000Source | 91,668,000Source |
| Other Liabilities, NoncurrentUSD | 80,865,000Source | 36,691,000Source | 42,126,000Source | 49,400,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 221,462,000Source | 158,568,000Source | 175,583,000Source | 178,560,000Source |
| Deferred Revenue, CurrentUSD | 42,428,000Source | 27,857,000Source | 25,374,000Source | 39,865,000Source |
| Deferred Tax Liabilities, NetUSD | 110,313,000Source | 44,534,000Source | 44,728,000Source | 69,576,000Source |
| Long-term Debt, Current MaturitiesUSD | 10,868,000Source | 1,437,000Source | 1,835,000Source | 2,276,000Source |
cash flow · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 115,818,000Source | 92,150,000Source | 91,085,000Source | 87,656,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 10,201,000Source | 12,804,000Source | 11,470,000Source | 10,300,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in InventoriesUSD | -622,000Source | 48,591,000Source | 7,350,000Source | -2,147,000Source |
| Increase (Decrease) in Accounts PayableUSD | -5,493,000Source | 15,998,000Source | 22,909,000Source | -9,968,000Source |
| Deferred Income Tax Expense (Benefit)USD | -6,114,000Source | -5,722,000Source | -16,407,000Source | -6,991,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 112,415,000Source | 75,559,000Source | 167,806,000Source | 215,462,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 718,782,000Source | — | 0Source | 0Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -767,521,000Source | -35,986,000Source | -29,806,000Source | -4,187,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | 921,000Source | 2,729,000Source | -1,304,000Source | 0Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 55,739,000Source | 35,082,000Source | 34,117,000Source | 40,698,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 908,000Source | 1,144,000Source | 1,421,000Source | 3,368,000Source |
| Payments for Repurchase of Common StockUSD | 0Source | 6,721,000Source | 5,229,000Source | 15,550,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 666,562,000Source | -64,829,000Source | -114,666,000Source | -219,666,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 32,412,000Source | 32,376,000Source | 32,402,000Source | 32,402,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | 5,586,000Source | -13,638,000Source | -9,661,000Source | 3,837,000Source |
| Repayments of Long-term DebtUSD | 314,167,000Source | 108,415,000Source | 115,507,000Source | 266,424,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 10,911,000Source | -30,781,000Source | 20,441,000Source | -2,337,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 92,039,000Source | 81,128,000Source | 111,909,000Source | 91,468,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Income Taxes Paid, NetUSD | 39,916,000Source | 49,639,000Source | 58,324,000Source | 60,427,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | -545,000Source | -5,525,000Source | -2,893,000Source | 6,054,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 10,201,000Source | 12,804,000Source | 11,470,000Source | 10,300,000Source |
| Amortization of Intangible AssetsUSD | 63,732,000Source | 44,987,000Source | 43,485,000Source | 41,066,000Source |
| DepreciationUSD | 52,086,000Source | 47,163,000Source | 47,600,000Source | 46,590,000Source |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on DisposalUSD | — | 0Source | 0Source | -6,677,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -5,321,000Source | -540,000Source | -572,000Source | -1,518,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | 1,197,000Source | 821,000Source | 1,027,000Source | 94,000Source |
| GoodwillUSD | 1,183,624,000Source | 835,472,000Source | 955,370,000Source | 1,011,580,000Source |
| Goodwill, Impairment LossUSD | 0Source | 68,194,000Source | 0Source | 0Source |
| Impairment of Intangible Assets, Finite-livedUSD | 0Source | 0Source | 0Source | 0Source |
| Income Tax Expense (Benefit)USD | 17,268,000Source | 24,706,000Source | 27,944,000Source | 38,120,000Source |
| Net Income (Loss) Attributable to ParentUSD | 15,996,000Source | 13,479,000Source | 99,873,000Source | 63,375,000Source |
| Other Nonoperating Income (Expense)USD | 2,443,000Source | -4,310,000Source | -5,992,000Source | -5,931,000Source |
| Proceeds from Issuance of Common StockUSD | 353,000Source | 513,000Source | 1,427,000Source | 1,989,000Source |
| Proceeds from Issuance of Long-term DebtUSD | 1,019,708,000Source | 98,285,000Source | 48,300,000Source | 98,107,000Source |
| Proceeds from Stock Options ExercisedUSD | 0Source | 150,000Source | 1,083,000Source | 1,596,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 1,450,871,000Source | 1,261,868,000Source | 1,258,846,000Source | 1,124,391,000Source |
income statement · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Cost of RevenueUSD | 1,008,786,000Source | 839,996,000Source | 803,850,000Source | 721,238,000Source |
| Selling, General and Administrative ExpenseUSD | 353,093,000Source | 296,559,000Source | 304,978,000Source | 279,783,000Source |
| Operating Income (Loss)USD | 88,992,000Source | 57,119,000Source | 150,018,000Source | 123,370,000Source |
| Other Nonoperating Income (Expense)USD | 2,443,000Source | -4,310,000Source | -5,992,000Source | -5,931,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 33,264,000Source | 38,185,000Source | 127,817,000Source | 101,495,000Source |
| Income Tax Expense (Benefit)USD | 17,268,000Source | 24,706,000Source | 27,944,000Source | 38,120,000Source |
| Net Income (Loss) Attributable to ParentUSD | 15,996,000Source | 13,479,000Source | 99,873,000Source | 63,375,000Source |
| Earnings Per Share, BasicUSD per share | 0.31Source | 0.26Source | 1.96Source | 1.25Source |
| Earnings Per Share, DilutedUSD per share | 0.31Source | 0.26Source | 1.96Source | 1.24Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 51,052,963Source | 50,962,447Source | 50,926,374Source | 50,880,846Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 51,205,888Source | 51,084,167Source | 51,079,063Source | 51,097,586Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 63,732,000Source | 44,987,000Source | 43,485,000Source | 41,066,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 0.64Source | 0.64Source | 0.64Source | 0.64Source |
| Costs and ExpensesUSD | 1,361,879,000Source | 1,204,749,000Source | 1,108,828,000Source | 1,001,021,000Source |
| Current Income Tax Expense (Benefit)USD | 23,382,000Source | 30,428,000Source | 44,351,000Source | 45,111,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -5,321,000Source | -540,000Source | -572,000Source | -1,518,000Source |
| Goodwill, Impairment LossUSD | 0Source | 68,194,000Source | 0Source | 0Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -61,688,000Source | -53,088,000Source | -28,832,000Source | -21,538,000Source |
| Interest ExpenseUSD | 58,171,000Source | 14,624,000Source | 16,209,000Source | 15,944,000Source |
| Research and Development ExpenseUSD | 13,920,000Source | 15,774,000Source | 22,928,000Source | 16,949,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 1,450,871,000Source | 1,261,868,000Source | 1,258,846,000Source | 1,124,391,000Source |