Riordan Manufacturing, Inc.
Income Statement
For the 12 months ending September 30th
Fiscal Year Ending September 30th
201020092008200720062005200420032002
Sales$56,534,254$50,468,000$61,727,010$61,127,960$60,642,820$50,823,685$46,044,288$43,418,370$39,481,276
Direct Cost of Goods Sold$43,970,250$39,345,460$48,324,660$42,462,480$41,843,546$42,037,624$37,480,050$34,517,604$30,953,320
Gross Margin$12,564,004$11,122,540$13,402,350$18,665,480$18,799,274$8,786,061$8,564,238$8,900,766$8,527,956
Operating Expenses
Sales, Marketing & Other$1,265,348$1,405,942$1,528,198$1,455,427$1,212,856$1,012,974$920,886$1,085,459$1,105,476
Depreciation$1,152,125$1,152,125$1,144,983$1,122,235$1,099,378$343,445$349,937$329,980$312,612
Quality Assurance$1,112,247$1,208,964$1,422,311$1,376,874$1,359,876$1,139,688$1,095,854$1,033,357$1,085,459
Research & Development$962,627$1,069,585$1,125,879$1,093,086$1,061,249$911,676$828,797$868,367$1,065,994
General & Administrative$4,674,293$5,193,659$5,770,732$5,642,402$5,700,306$1,706,953$1,524,066$1,085,459$829,107
Machining & Systems$125,050$191,244$197,159$198,150$685,070$628,505$598,576$477,602$434,294
Total Operating Expenses$9,291,690$10,221,519$11,189,262$10,888,174$11,118,735$5,743,241$5,318,116$4,880,224$4,832,942
Profit Before Interest & Taxes$3,272,314$901,021$2,213,088$7,777,306$7,680,539$3,042,820$3,246,122$4,020,542$3,695,014
Non-Operating Expenses
Interest Expense$121,533$149,962$134,816$157,605$179,312$143,175$230,221$217,092$197,406
Taxes$719,909$198,225$486,879$1,711,007$1,689,719$943,274$1,025,406$1,293,173$1,189,186
Total Non-Operating Expenses$841,442$348,187$621,695$1,868,612$1,869,031$1,086,449$1,255,627$1,510,265$1,386,592
Net Profit After Taxes$2,430,872$552,834$1,591,393$5,908,694$5,811,508$1,956,371$1,990,495$2,510,277$2,308,422
Riordan Manufacturing, Inc.
Consolidated Balance Sheet
Fiscal Year Ending September 30th
20102009200820072006200520042003
Assets
Current Assets
Cash$2,807,029$1,511,253$1,040,639$1,442,507$1,336,319$305,563$357,216$85,632
Accounts Receivable$2,695,342$2,644,307$2,883,964$4,544,138$4,855,334$6,062,838$5,657,216$6,556,160
Current Portion of Notes Receivable$102,976$117,475$107,107$109,293$95,538$70,825$117,888$13,184
Inventories$8,517,203$7,123,790$8,305,690$7,919,987$7,224,947$7,850,970$7,854,112$8,074,880
Deferred Income Taxes – net$0$0$0$0$0$0$328,832$349,184
Pre-paid Expenses and Other Items$402,240$458,875$279,336$294,038$256,903$264,896$328,192$336,128
Total Current Assets$14,524,790$11,855,700$12,616,736$14,309,963$13,769,041$14,555,092$14,643,456$15,415,168
Notes Receivable, less current portion$936,168$1,067,953$1,102,260$1,124,755$986,627$256,583$177,408$431,104
Investment in Joint Venture$1,609,004$1,333,504$1,183,504$1,058,504$858,504$283,504$133,504$139,136
Property, Plant & Equipment – net$16,658,218$17,767,486$18,869,612$18,424,594$24,510,830$19,114,830$18,511,360$19,205,120
Intangible Assets – net$904,473$904,473$550,590$550,590$550,590$329,405$336,128$395,136
Other Assets$192,845$175,314$106,721$108,899$107,821$52,768$54,400$51,840
Total Assets$34,825,498$33,104,430$34,429,423$35,577,305$40,783,413$34,592,182$33,856,256$35,637,504
Liabilities and Stockholders’ Equity
Current Liabilities
Current Portion of Long-Term Debt$474,032$484,894$497,480$495,515$538,046$1,219,258$1,106,304$1,737,728
Accounts Payable$1,391,385$1,636,923$1,694,523$1,783,708$3,930,399$3,650,073$3,573,248$2,676,096
Accrued Liabilities$524,685$617,276$638,997$631,108$1,390,648$1,350,144$1,350,144$1,257,344
Income Taxes Payable$359,955$99,113$243,440$855,504$1,351,775$754,619$164,864
Total Current Liabilities$2,750,057$2,838,206$3,074,440$3,765,835$7,210,868$6,974,094$6,029,696$5,836,032
Bank Line of Credit$295,865$477,069$598,423$109,528$100,836$253,727$487,936$245,760
Long-Term Debt – less current portion$1,006,955$1,354,461$1,719,851$1,926,618$2,278,481$2,763,752$2,535,552$4,793,856
Deferred Income Taxes – net$825,629$917,366$917,366$1,067,449$2,485,354$2,485,354$3,107,072$3,283,328
Total Liabilities$4,878,506$5,587,102$6,310,080$6,869,430$12,075,539$12,476,927$12,160,256$14,158,976
Common Stock
(Stated par value is $.01.
20,000,000 shares authorized.
Issued and Outstanding 15,801,332 net of treasury shares.)$29,055,488$29,055,488$29,055,488$29,055,488$29,055,488$29,055,488$29,055,488$29,491,328
Other Accummulated Comprehensive Losses($202,496)($163,840)
Retained Earnings /(Accummulated Deficit)$891,504($1,538,160)($936,145)($347,613)($347,614)($6,940,233)($7,156,992)($7,848,960)
Total Stockholders’ Equity$29,946,992$27,517,328$28,119,343$28,707,875$28,707,874$22,115,255$21,696,000$21,478,528
Total Liabilities and Stockholders’ Equity$34,825,498$33,104,430$34,429,423$35,577,305$40,783,413$34,592,182$33,856,256$35,637,504
© 2005, 2006, 2012 Apollo Group, Inc. All rights reserved.
