STEINWAY MUSICAL INSTRUMENTS INC company info

CIK 911583
IRS Number 351910745
State of incorporation DE
Business address 800 SOUTH STREET
SUITE 305
WALTHAM
MA
02453-1472
Mail address 800 SOUTH STREET
SUITE 305
WALTHAM
MA
02453-1472

Short summary

STEINWAY MUSICAL INSTRUMENTS INC is a Massachusetts company, with head office located at 800 South Street Waltham, Massachusetts 02453-1472. In 2012 the company owned a total of 451.99 million USD worth of assets, including 305.50 million USD worth of current assets. The company amassed the most assets last year, totalling up to 451.99 million USD. The company net sales last year amounted to 353.72 million USD, which means a 2.15% increase when compared to 2011.

STEINWAY MUSICAL INSTRUMENTS INC Income Statement

Name [in Millions USD]20082009201020112012Trends
Revenue, Net 306.44318.12346.26353.72
Cost of Goods and Services Sold 221.52222.17241.11239.08
Gross Profit 84.9195.95105.15114.63
Operating Expenses 71.6473.1489.2286.03
Operating Income (Loss) 13.2722.8115.9328.60
Interest expense 11.8811.027.044.84
Other Nonoperating Income (Expense) 1.85-0.37-4.23-3.41
Income Tax Expense (Benefit) 3.175.061.958.03

STEINWAY MUSICAL INSTRUMENTS INC Balance Sheet

Name [in Millions USD]20082009201020112012Trends
Cash and cash equivalents 44.3892.0634.1540.46106.50
Inventories 151.00137.21133.97
Deferred income taxes 11.5612.1011.78
Property, Plant and Equipment, Gross 202.29209.04
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 115.33114.94107.75
Goodwill 27.1822.3722.73
Other Assets, Noncurrent 17.7517.4116.06
Total assets 417.45410.56451.99
Current assets 258.24249.96305.51
Accounts payable 12.4912.7816.34
Taxes Payable, Current 0.579.01
Total current liabilities 46.3947.79129.94
Long-term Debt, Excluding Current Maturities 79.3470.9067.43
Long-term Debt 71.5367.97
Deferred income taxes 3.762.290.70
Total liabilities 179.04175.51189.51
Common Stock, Value, Issued 0.010.010.01
Retained Earnings (Accumulated Deficit) 133.51138.50171.78
Accumulated Other Comprehensive Income (Loss), Net of Tax -7.85-7.91-20.33-28.39

STEINWAY MUSICAL INSTRUMENTS INC Cash Flow

Name [in Millions USD]20082009201020112012Trends
Depreciation 8.307.708
Amortization of Intangible Assets 1.231.101.05
Depreciation and amortization 10.379.558.789.09
Deferred Income Tax Expense (Benefit) -1.68-0.46-5.191.50
Inventories -6.31-9.87-9.32-2.64
Accounts payable -7.242.58-1.402.16
Payments to Acquire Productive Assets 4.553.736.947.03
Payments to Acquire Businesses, Net of Cash Acquired 0.820.353.29
Net Cash Provided by (Used in) Investing Activities, Continuing Operations -5.35-3.96-10.20-6.82
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 0.464.031.02
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 0.464.031.02
Proceeds from Issuance of Common Stock 27.8128.214.611.61
Payments for Repurchase of Common Stock 0.35