Clearfield, Inc. company info

CIK 796505
IRS Number 411347235
State of incorporation MN
Business address 7050 WINNETKA AVE. N.
SUITE 100
BROOKLYN PARK
MN
55428
Mail address 7050 WINNETKA AVE. N.
SUITE 100
BROOKLYN PARK
MN
55428

Short summary

Clearfield, Inc. is a Minnesota company, with head office located at 7050 Winnetka Ave. N. Brooklyn Park, Minnesota 55428. The company achieved a record breaking net income in 2016 - 8.01 million USD. In 2018 the company owned a total of 76.67 million USD worth of assets, including 43.47 million USD worth of current assets. An analysis of the recent trend shows a steady growth of company assets, with a 7.31% growth from the last year and a 200.86% increase in the 8 year period.

Clearfield, Inc. Income Statement

Name [in Millions USD]2009201020112012201320142015201620172018Trends
Revenue, Net 53.3558.0560.3275.2973.95
Gross Profit 9.1414.6615.2921.9924.6024.8732.8730.2631.00
Selling, General and Administrative Expense 8.0110.9911.0114.5416.0817.8222.1424.9525.93
Research and development 0.700.750.840.870.79
Operating Expenses 8.0110.9411.01
Operating Income (Loss) 1.123.724.277.448.527.0510.735.315.07
Interest expense 0.00
Other Nonoperating Income (Expense) 0.180.140.10
Income Tax Expense (Benefit) 0.12-2.32-3.322.803.182.482.881.741.25
Net income 1.186.177.704.735.434.688.013.854.27

Clearfield, Inc. Balance Sheet

Name [in Millions USD]2009201020112012201320142015201620172018Trends
Cash and cash equivalents 4.898.235.986.8718.2417.1624.5919.759.297.91
Accounts Receivable, Net, Current 3.684.095.054.777.398.738.059.658.99
Inventories 2.203.004.975.306.738.119.349.698.27
Deferred income taxes 0.993.29
Property, Plant and Equipment, Gross 3.173.444.555.569.3710.7111.5711.66
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 2.182.332.753.093.684.936.136.91
Goodwill 2.572.572.572.572.572.572.574.714.71
Intangible Assets, Net (Excluding Goodwill) 5.555.30
Other Assets, Noncurrent 0.180.230.260.300.290.370.480.240.20
Total assets 25.4832.4641.9753.0157.3966.6469.4771.4476.67
Current assets 17.5020.4327.6539.1641.1849.5743.7537.8143.47
Non-current assets 7.0711.1012.7411.5111.19
Accounts payable 1.301.291.911.963.633.172.202.022.35
Taxes Payable, Current 0.08
Total current liabilities 3.502.704.367.116.156.554.334.114.81
Deferred income taxes -2.08-3.520.210.730.510.41
Total liabilities 3.572.754.387.327.107.315.014.445.17
Common Stock, Value, Issued 0.120.120.130.130.140.140.140.140.14
Retained Earnings (Accumulated Deficit) -31.15-24.42-17.36-10.48-6.120.367.7211.3714.63

Clearfield, Inc. Cash Flow

Name [in Millions USD]2009201020112012201320142015201620172018Trends
Net income 1.186.177.704.735.434.688.013.854.27
Depreciation 0.360.400.480.701.211.451.611.75
Amortization of Intangible Assets 0.000.010.30
Depreciation and amortization 0.500.360.400.480.701.221.451.622.05
Deferred Income Tax Expense (Benefit) 0.09-2.41-3.442.563.022.342.340.03-0.34
Accounts receivable 0.52-0.02-0.214.81-2.810.981.99-0.765.58
Inventories 0.361.240.212.66-0.241.791.190.08-1.18
Net Cash Provided by (Used in) Operating Activities 0.635.303.834.3411.536.8511.556.304.55
Payments to Acquire Property, Plant, and Equipment 0.450.750.551.021.424.521.551.951.07
Payments to Acquire Intangible Assets 0.020.040.020.040.020.080.070.12
Net Cash Provided by (Used in) Investing Activities -0.090.42-9.71-0.11-3.59-5.74-1.64-11.54-12.61
Net Cash Provided by (Used in) Investing Activities, Continuing Operations -3.59-5.74-1.64
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 0.470.750.791.071.402.322.00
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 0.470.750.791.071.402.322.00
Proceeds from Stock Plans 0.090.140.140.19
Proceeds from Issuance of Common Stock 0.140.190.210.250.330.30
Payments for Repurchase of Common Stock 0.850.333.651.76
Net Cash Provided by (Used in) Financing Activities 0.020.280.28-0.100.44-1.220.03-4.24-1.93
Cash and Cash Equivalents, Period Increase (Decrease) 0.556.00-5.604.138.38-0.129.94-9.48-9.99