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SEC Filings

8-K
NN INC filed this Form 8-K on 11/05/2015
Entire Document
 


NN, Inc.

Condensed Balance Sheets

(In thousands)

(Unaudited)

 

     September 30,      December 31,  
(In Thousands of Dollars)    2015      2014  

Assets

     

Current assets:

     

Cash

   $ 40,102       $ 37,317   

Accounts receivable, net

     108,144         97,510   

Inventories

     92,579         91,469   

Other current assets

     17,560         16,503   
  

 

 

    

 

 

 

Total current assets

     258,385         242,799   

Property, plant and equipment, net

     266,562         278,442   

Goodwill, net

     85,447         83,941   

Intangible asset, net

     51,829         52,827   

Investment in joint venture

     37,088         34,703   

Other non-current assets

     20,165         20,001   
  

 

 

    

 

 

 

Total assets

   $ 719,476       $ 712,713   
  

 

 

    

 

 

 

Liabilities and Stockholders’ Equity

     

Current liabilities:

     

Accounts payable

   $ 60,338       $ 71,094   

Accrued salaries, wages and benefits

     18,362         21,148   

Current maturities of long-term debt

     21,677         22,160   

Income taxes payable

     4,933         3,274   

Current portion of obligations under capital lease

     5,066         5,418   

Other current liabilities

     10,747         14,504   
  

 

 

    

 

 

 

Total current liabilities

     121,123         137,598   

Non-current deferred tax liabilities

     46,950         49,461   

Long-term debt, net of current portion

     184,356         328,026   

Obligations under capital lease, net of current portion

     10,759         14,539   

Other non-current liabilities

     12,584         9,390   
  

 

 

    

 

 

 

Total liabilities

     375,772         539,014   

Total stockholders’ equity

     343,704         173,699   
  

 

 

    

 

 

 

Total liabilities and stockholders’ equity

   $ 719,476       $ 712,713