Adient plc (ADNT) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
3 DUBLIN LANDINGS DUBLIN, D01 H104 |
| State of Incorp. | |
| Fiscal Year End | September 30 |
| Industry (SIC) | 3714 - Motor Vehicle Parts and Accessories (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 3/31/2024 MRQ | 12/31/2023 MRQ | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 924 | ||||||||
| Cash and cash equivalents | 924 | ||||||||
| Inventory, net of allowances, customer advances and progress billings | 833 | 841 | 953 | 976 | 685 | 793 | |||
| Inventory | 833 | 841 | 953 | 976 | 685 | 793 | |||
| Other current assets | 590 | 491 | 411 | 1,114 | 421 | 494 | |||
| Other undisclosed current assets | 2,651 | 2,984 | 2,799 | 2,996 | 3,376 | 1,905 | |||
| Total current assets: | 4,074 | 4,316 | 4,163 | 5,086 | 4,482 | 4,116 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 1,401 | 1,382 | 1,377 | 1,607 | 1,581 | 1,671 | |||
| Long-term investments and receivables | 322 | 303 | 286 | 335 | 707 | 1,399 | |||
| Long-term investments | 322 | 303 | 286 | 335 | 707 | 1,399 | |||
| Intangible assets, net (including goodwill) | 2,539 | 2,502 | 2,524 | 2,767 | 2,500 | 2,555 | |||
| Goodwill | 2,138 | 2,094 | 2,057 | 2,212 | 2,057 | 2,150 | |||
| Intangible assets, net (excluding goodwill) | 401 | 408 | 467 | 555 | 443 | 405 | |||
| Disposal group, including discontinued operation, noncurrent assets | 7 | 7 | 11 | 25 | 27 | ||||
| Other noncurrent assets | 954 | 914 | 797 | 958 | 964 | 601 | |||
| Total noncurrent assets: | 5,223 | 5,108 | 4,995 | 5,692 | 5,779 | 6,226 | |||
| TOTAL ASSETS: | 9,297 | 9,424 | 9,158 | 10,778 | 10,261 | 10,342 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 2,751 | 2,926 | 3,158 | 2,519 | 2,553 | 3,073 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 340 | 389 | 374 | 364 | ||
| Accounts payable | 2,422 | 2,526 | 2,478 | 2,130 | 2,179 | 2,709 | |||
| Accrued liabilities | 329 | 400 | 340 | ||||||
| Debt | 144 | 134 | 14 | 184 | 210 | 30 | |||
| Other liabilities | 599 | 627 | 609 | 677 | 773 | 609 | |||
| Other undisclosed current liabilities | 54 | 51 | (280) | 131 | 283 | 123 | |||
| Total current liabilities: | 3,548 | 3,738 | 3,501 | 3,511 | 3,819 | 3,835 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 2,403 | 2,401 | 2,564 | 3,512 | 4,097 | 3,708 | |||
| Finance lease, liability | 1 | ||||||||
| Other undisclosed long-term debt and lease obligation | 2,403 | 2,401 | 2,564 | 3,511 | 4,097 | 3,708 | |||
| Liabilities, other than long-term debt | 673 | 682 | 673 | 797 | 767 | 559 | |||
| Liability, pension and other postretirement and postemployment benefits | 95 | 92 | 88 | 128 | 145 | 151 | |||
| Other liabilities | 578 | 590 | 585 | 669 | 622 | 408 | |||
| Total noncurrent liabilities: | 3,076 | 3,083 | 3,237 | 4,309 | 4,864 | 4,267 | |||
| Total liabilities: | 6,624 | 6,821 | 6,738 | 7,820 | 8,683 | 8,102 | |||
| Temporary equity, carrying amount | 57 | 57 | 45 | 240 | 43 | 51 | |||
| Equity | |||||||||
| Equity, attributable to parent | 2,285 | 2,228 | 2,073 | 2,376 | 1,213 | 1,848 | |||
| Additional paid in capital | 3,872 | 3,973 | 4,026 | 3,991 | 3,974 | 3,962 | |||
| Accumulated other comprehensive loss | (704) | (842) | (845) | (627) | (665) | (569) | |||
| Accumulated deficit | (883) | (903) | (1,108) | (988) | (2,096) | (1,545) | |||
| Equity, attributable to noncontrolling interest | 331 | 318 | 302 | 342 | 322 | 341 | |||
| Total equity: | 2,616 | 2,546 | 2,375 | 2,718 | 1,535 | 2,189 | |||
| TOTAL LIABILITIES AND EQUITY: | 9,297 | 9,424 | 9,158 | 10,778 | 10,261 | 10,342 | |||
Income Statement (P&L) ($ in millions)
| 3/31/2024 TTM | 12/31/2023 TTM | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 15,356 | 15,395 | 14,121 | 13,680 | 12,670 | 16,526 | ||
| Cost of revenue | (14,308) | (14,362) | (13,314) | (12,854) | (12,078) | (15,725) | ||
| Gross profit: | 1,048 | 1,033 | 807 | 826 | 592 | 801 | ||
| Operating expenses | (563) | (554) | (598) | (563) | (802) | (671) | ||
| Operating income (loss): | 485 | 479 | 209 | 263 | (210) | 130 | ||
| Interest and debt expense | (67) | (7) | (38) | (49) | (15) | (26) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 418 | 472 | 171 | 214 | (225) | 104 | ||
| Income from equity method investments | 79 | 84 | 75 | 1,484 | 22 | 275 | ||
| Other undisclosed loss from continuing operations before income taxes | (201) | (261) | (192) | (259) | (226) | (377) | ||
| Income (loss) from continuing operations before income taxes: | 296 | 295 | 54 | 1,439 | (429) | 2 | ||
| Income tax expense (benefit) | 11 | (94) | (249) | (57) | (410) | |||
| Income (loss) from continuing operations: | 307 | 295 | (40) | 1,190 | (486) | (408) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (40) | 1,190 | (486) | (408) | |
| Net income (loss): | 307 | 295 | (40) | 1,190 | (486) | (408) | ||
| Net loss attributable to noncontrolling interest | (94) | (90) | (80) | (82) | (61) | (83) | ||
| Net income (loss) available to common stockholders, diluted: | 213 | 205 | (120) | 1,108 | (547) | (491) | ||
Comprehensive Income ($ in millions)
| 3/31/2024 TTM | 12/31/2023 TTM | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 307 | 295 | (40) | 1,190 | (486) | (408) | ||
| Other comprehensive income (loss) | 24 | 4 | (249) | 37 | (89) | (38) | ||
| Comprehensive income (loss): | 331 | 299 | (289) | 1,227 | (575) | (446) | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (92) | (91) | (49) | (81) | (68) | (83) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 239 | 208 | (338) | 1,146 | (643) | (529) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.