Clearfield, Inc. company info

CIK 796505
IRS Number 411347235
State of incorporation MN
Business address 7050 WINNETKA AVE. N.
Mail address 7050 WINNETKA AVE. N.

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 2019 the company owned a total of 87.21 million USD worth of assets, including 43.73 million USD worth of current assets. An analysis of the recent trend shows a steady growth of company assets, with a 12.64% growth from the last year and a 242.21% increase in the 9 year period.

Clearfield, Inc. Income Statement

Name [in Millions USD]20092010201120122013201420152016201720182019Trends
Revenue, Net 53.3558.0560.3275.2973.95
Gross Profit 9.1414.6615.2921.9924.6024.8732.8730.2631.0032.69
Selling, General and Administrative Expense 8.0110.9911.0114.5416.0817.8222.1424.9525.9327.50
Research and development 0.700.750.840.870.791.09
Operating Expenses 8.0110.9411.01
Operating Income (Loss) 1.123.724.277.448.527.0510.735.315.075.19
Interest expense 0.00
Other Nonoperating Income (Expense)
Income Tax Expense (Benefit) 0.12-2.32-3.322.803.182.482.881.741.251.36
Net income

Clearfield, Inc. Balance Sheet

Name [in Millions USD]20092010201120122013201420152016201720182019Trends
Cash and cash equivalents 4.898.235.986.8718.2417.1624.5919.759.296.038.58
Accounts Receivable, Net, Current 3.684.095.054.777.398.738.059.659.308.07
Deferred income taxes 0.993.29
Property, Plant and Equipment, Gross 3.173.444.555.569.3710.7111.5711.6613.79
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 2.182.332.753.093.684.936.136.918.38
Goodwill 2.572.572.572.572.572.572.574.714.714.71
Intangible Assets, Net (Excluding Goodwill) 5.555.244.97
Other Assets, Noncurrent
Total assets 25.4832.4641.9753.0157.3966.6469.4771.4477.4287.21
Current assets 17.5020.4327.6539.1641.1849.5743.7537.8140.2843.73
Non-current assets 7.0711.1012.7411.5111.19
Accounts payable 1.301.291.911.963.633.
Taxes Payable, Current 0.08
Total current liabilities 3.502.704.367.116.156.554.334.114.108.39
Deferred income taxes -2.08-3.520.210.730.510.41
Total liabilities 3.572.754.387.327.107.315.014.444.4510.96
Common Stock, Value, Issued
Retained Earnings (Accumulated Deficit) -31.15-24.42-17.36-10.48-6.120.367.7211.3715.9319.07

Clearfield, Inc. Cash Flow

Name [in Millions USD]20092010201120122013201420152016201720182019Trends
Net income
Depreciation 0.360.400.480.701.211.451.611.751.71
Amortization of Intangible Assets
Depreciation and amortization 0.500.360.400.480.701.221.451.622.052.18
Deferred Income Tax Expense (Benefit) 0.09-2.41-3.442.563.022.342.340.03-0.34-0.00
Accounts receivable 0.52-0.02-0.214.81-2.810.981.99-0.765.58-3.49
Inventories 0.361.240.212.66-0.241.791.190.08-1.18-1.04
Net Cash Provided by (Used in) Operating Activities 0.635.303.834.3411.536.8511.556.304.5514.73
Payments to Acquire Property, Plant, and Equipment 0.450.750.551.021.424.521.552.021.072.51
Payments to Acquire Intangible Assets
Net Cash Provided by (Used in) Investing Activities -0.090.42-9.71-0.11-3.59-5.74-1.64-11.54-12.61-12.96
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
Proceeds from Issuance of Common Stock
Payments for Repurchase of Common Stock 0.850.333.651.76
Net Cash Provided by (Used in) Financing Activities
Cash and Cash Equivalents, Period Increase (Decrease) 0.556.00-5.604.138.38-0.129.94-9.48-9.991.53