PARK NATIONAL CORPORATION: 10-Q filed 2021-11-03

Name: PARK NATIONAL CORPORATION: 10-Q filed 2021-11-03
Creator: PARK NATIONAL CORPORATION

What PARK NATIONAL CORPORATION reported in its quarterly report filed 2021-11-03 (fiscal Q3 2021): 31 published measures, 95 facts as tagged in accession 0000805676-21-000135.

This filing

Form: 10-Q (quarterly report)
Filed: 2021-11-03
Fiscal period: fiscal Q3 2021
Accession: 0000805676-21-000135 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All PARK NATIONAL CORPORATION filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit
At 2021-09-30	10,034,018,000	USD
At 2020-12-31	9,279,021,000	USD
At 2020-09-30	9,240,006,000	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2021-09-30	8,966,106,000	USD
At 2020-12-31	8,238,765,000	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit
At 2021-09-30	877,395,000	USD
At 2020-12-31	370,474,000	USD
At 2020-09-30	246,709,000	USD
At 2019-12-31	159,956,000	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2021-07-01 to 2021-09-30	35,434,000	USD	92
2021-01-01 to 2021-09-30	117,397,000	USD	273
2020-07-01 to 2020-09-30	30,846,000	USD	92
2020-01-01 to 2020-09-30	82,723,000	USD	274

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2021-01-01 to 2021-09-30	112,635,000	USD	273
2020-01-01 to 2020-09-30	52,436,000	USD	274

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2021-01-01 to 2021-09-30	10,670,000	USD	273
2020-01-01 to 2020-09-30	20,820,000	USD	274

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2021-01-01 to 2021-09-30	580,507,000	USD	273
2020-01-01 to 2020-09-30	566,087,000	USD	274

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2021-01-01 to 2021-09-30	-186,221,000	USD	273
2020-01-01 to 2020-09-30	-531,770,000	USD	274

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2021-09-30	759,619,000	USD
At 2020-12-31	704,764,000	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2021-07-01 to 2021-09-30	16,292,312	shares	92
2021-01-01 to 2021-09-30	16,315,996	shares	273
2020-07-01 to 2020-09-30	16,300,720	shares	92
2020-01-01 to 2020-09-30	16,300,250	shares	274

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

Period	Value	Unit	Days
2021-07-01 to 2021-09-30	16,423,912	shares	92
2021-01-01 to 2021-09-30	16,445,568	shares	273
2020-07-01 to 2020-09-30	16,393,792	shares	92
2020-01-01 to 2020-09-30	16,398,350	shares	274

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Value	Unit	Days
2021-07-01 to 2021-09-30	2.17	USD/shares	92
2021-01-01 to 2021-09-30	7.2	USD/shares	273
2020-07-01 to 2020-09-30	1.89	USD/shares	92
2020-01-01 to 2020-09-30	5.07	USD/shares	274

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

Period	Value	Unit	Days
2021-07-01 to 2021-09-30	2.16	USD/shares	92
2021-01-01 to 2021-09-30	7.14	USD/shares	273
2020-07-01 to 2020-09-30	1.88	USD/shares	92
2020-01-01 to 2020-09-30	5.04	USD/shares	274

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Value	Unit	Days
2021-07-01 to 2021-09-30	8,118,000	USD	92
2021-01-01 to 2021-09-30	25,697,000	USD	273
2020-07-01 to 2020-09-30	5,857,000	USD	92
2020-01-01 to 2020-09-30	16,447,000	USD	274

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2021-09-30	88,909,000	USD
At 2020-12-31	88,660,000	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2021-01-01 to 2021-09-30	4,496,000	USD	273
2020-01-01 to 2020-09-30	3,749,000	USD	274

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2021-07-01 to 2021-09-30	3,818,000	USD	92
2021-01-01 to 2021-09-30	12,400,000	USD	273
2020-07-01 to 2020-09-30	5,726,000	USD	92
2020-01-01 to 2020-09-30	24,611,000	USD	274

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

Period	Value	Unit
At 2021-09-30	159,595,000	USD
At 2021-06-30	159,595,000	USD
At 2020-12-31	159,595,000	USD
At 2020-09-30	159,595,000	USD
At 2020-06-30	159,595,000	USD
At 2019-12-31	159,595,000	USD

Common-stock repurchase payments

Cash paid to reacquire common stock during the period. This is not an authorization limit or a direct measure of the net change in share count.

Period	Value	Unit	Days
2021-01-01 to 2021-09-30	16,048,000	USD	273
2020-01-01 to 2020-09-30	7,507,000	USD	274

Accumulated other comprehensive income or loss

Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.

Period	Value	Unit
At 2021-09-30	-7,810,000	USD
At 2021-06-30	-2,930,000	USD
At 2020-12-31	5,571,000	USD
At 2020-09-30	14,200,000	USD
At 2020-06-30	13,861,000	USD
At 2019-12-31	-9,589,000	USD

Total equity including noncontrolling interests

Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.

Period	Value	Unit	Days
At 2021-09-30	1,067,912,000	USD
At 2020-12-31	1,040,256,000	USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

Period	Value	Unit	Days
At 2021-09-30	13,426,000	USD
At 2020-12-31	15,078,000	USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

Period	Value	Unit	Days
At 2021-09-30	14,480,000	USD
At 2020-12-31	16,053,000	USD

Long-term debt

Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.

Period	Value	Unit	Days
At 2021-09-30	0	USD
At 2020-12-31	32,500,000	USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

Period	Value	Unit	Days
At 2021-09-30	7,882,000	USD
At 2020-12-31	9,260,000	USD

Comprehensive income or loss

Net income plus other comprehensive income after tax. It includes unrealized items that net income excludes and is not a cash measure.

Period	Value	Unit	Days
2021-07-01 to 2021-09-30	30,554,000	USD	92
2021-01-01 to 2021-09-30	104,016,000	USD	273
2020-07-01 to 2020-09-30	31,185,000	USD	92
2020-01-01 to 2020-09-30	106,512,000	USD	274

Net income available to common stockholders

Net income after preferred dividends and similar adjustments, the numerator for basic earnings per share. It can be lower than reported net income.

Period	Value	Unit	Days
2021-07-01 to 2021-09-30	35,434,000	USD	92
2021-01-01 to 2021-09-30	117,397,000	USD	273
2020-07-01 to 2020-09-30	30,846,000	USD	92
2020-01-01 to 2020-09-30	82,723,000	USD	274

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

Period	Value	Unit	Days
2021-01-01 to 2021-09-30	9,951,000	USD	273
2020-01-01 to 2020-09-30	7,888,000	USD	274

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

Period	Value	Unit	Days
2021-07-01 to 2021-09-30	420,000	USD	92
2021-01-01 to 2021-09-30	1,378,000	USD	273
2020-07-01 to 2020-09-30	525,000	USD	92
2020-01-01 to 2020-09-30	1,738,000	USD	274

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

Period	Value	Unit	Days
2021-01-01 to 2021-09-30	14,930,000	USD	273
2020-01-01 to 2020-09-30	24,600,000	USD	274

Operating lease payments

Cash paid for operating lease liabilities during the period. It differs from lease expense recognized and excludes variable payments in some presentations.

Period	Value	Unit	Days
2021-07-01 to 2021-09-30	777,000	USD	92
2021-01-01 to 2021-09-30	2,329,000	USD	273
2020-07-01 to 2020-09-30	906,000	USD	92
2020-01-01 to 2020-09-30	2,710,000	USD	274

Inspect the source

Entity: PARK NATIONAL CORPORATION / CIK 0000805676
Captured: 2026-09-19T15:05:43.547Z
SEC response SHA-256: 1e790befd661661d6b438b725ed4555e139eff73f7cb002a1ee039f59f65d0b3

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