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Riordan Manufacturing, Inc. Income Statement For the 12 months ending September 30th 2011 2010 Sales $66,608,660 $56,534,254 Direct Cost of Goods Sold 51,592,470 43,970,250 Gross Margin $15,016,190 $12,564,004 Operating Expenses Sales, Marketing & Other $1,328,615 $1,265,348 Depreciation 1,378,616 1,152,125 Quality Assurance 1,151,176 1,112,247 Research & Development 1,039,637 962,627 General & Administrative 4,954,751 4,674,293 Machining & Systems 143,808 125,050 Total Operating Expenses $9,996,603 $9,291,690 Profit Before Interest & Taxes $5,019,587 $3,272,314 Non-Operating Expenses Interest Expense $604,616 $121,533 Taxes 1,104,309 719,909 Total Non-Operating Expenses $1,708,925 $841,442 Net Profit After Taxes $3,310,662 $2,430,872 Riordan Manufacturing, Inc. Consolidated Balance Sheet Fiscal Year Ending September 30th 2011 2010 Assets Current Assets Cash $3,725,406 $2,807,029 Accounts Receivable 3,192,094 2,695,342 Current Portion of Notes Receivable 84,255 102,976 Inventories 9,709,611 8,517,203 Prepaid Expenses and Other Items 666,591 402,240 Total Current Assets $17,377,957 $14,524,790 Notes Receivable, less current portion $842,551 $936,168 Investment in Joint Venture 1,734,004 1,609,004 Property, Plant and Equipment – net 26,366,949 16,658,218 Intangible Assets – net 904,473 904,473 Other Assets 183,203 192,845 Total Assets $47,409,137 $34,825,498 Liabilities and Stockholders’ Equity Current Liabilities Current Portion of Long-Term Debt $1,560,959 $474,032 Accounts Payable 1,141,561 1,391,385 Accrued Liabilities 430,477 524,685 Income Taxes Payable 552,155 359,955 Total Current Liabilities $3,685,152 $2,750,057 Bank Line of Credit $114,759 $295,865 Long-Term Debt – less current portion 9,500,741 1,006,955 Deferred Income Taxes – net 660,503 825,629 Total Liabilities $13,961,155 $4,878,506 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 Retained Earnings / (Accumulated Deficit) 4,392,494 891,504 Total Stockholders’ Equity $33,447,982 $29,946,992 Total Liabilities and Stockholders’ Equity $47,409,137 $34,825,498

Riordan Manufacturing, Inc.
Income Statement
For the 12 months ending September 30th

 

 

2011

2010

 

Sales

$66,608,660

$56,534,254

Direct Cost of Goods Sold

51,592,470

43,970,250

Gross Margin

$15,016,190

$12,564,004

 

Operating Expenses

Sales, Marketing & Other

$1,328,615

$1,265,348

Depreciation

1,378,616

1,152,125

Quality Assurance

1,151,176

1,112,247

Research & Development

1,039,637

962,627

General & Administrative

4,954,751

4,674,293

Machining & Systems

143,808

125,050

Total Operating Expenses

$9,996,603

$9,291,690

Profit Before Interest & Taxes

$5,019,587

$3,272,314

 

Non-Operating Expenses

Interest Expense

$604,616

$121,533

Taxes

1,104,309

719,909

Total Non-Operating Expenses

$1,708,925

$841,442

Net Profit After Taxes

$3,310,662

$2,430,872

Riordan Manufacturing, Inc.
Consolidated Balance Sheet
Fiscal Year Ending
September 30th
2011 2010
Assets
Current Assets
Cash $3,725,406 $2,807,029
Accounts Receivable 3,192,094 2,695,342
Current Portion of Notes Receivable 84,255 102,976
Inventories 9,709,611 8,517,203
Prepaid Expenses and Other Items 666,591 402,240
Total Current Assets $17,377,957 $14,524,790
Notes Receivable, less current portion $842,551 $936,168
Investment in Joint Venture 1,734,004 1,609,004
Property, Plant and Equipment – net 26,366,949 16,658,218
Intangible Assets – net 904,473 904,473
Other Assets 183,203 192,845
Total Assets $47,409,137 $34,825,498
Liabilities and Stockholders’ Equity
Current Liabilities
Current Portion of Long-Term Debt $1,560,959 $474,032
Accounts Payable 1,141,561 1,391,385
Accrued Liabilities 430,477 524,685
Income Taxes Payable 552,155 359,955
Total Current Liabilities $3,685,152 $2,750,057
Bank Line of Credit $114,759 $295,865
Long-Term Debt – less current portion 9,500,741 1,006,955
Deferred Income Taxes – net 660,503 825,629
Total Liabilities $13,961,155 $4,878,506
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
Retained Earnings / (Accumulated Deficit) 4,392,494 891,504
Total Stockholders’ Equity $33,447,982 $29,946,992
Total Liabilities and Stockholders’ Equity $47,409,137 $34,825,498

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