AGCO Corporation (AGCO) Financial Statements (2023 and earlier)

Company Profile

Business Address 4205 RIVER GREEN PKWAY
DULUTH, GA 30096
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3523 - Farm Machinery and Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7908891,119433326368
Cash and cash equivalents7908891,119433326368
Receivables1,2219928568018801,019
Inventory, net of allowances, customer advances and progress billings3,1902,5941,9742,0791,9091,873
Inventory3,1902,5941,9742,0791,9091,873
Other current assets539540419417422368
Total current assets:5,7395,0144,3683,7293,5373,628
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization    19
Operating lease, right-of-use asset164154165187
Property, plant and equipment1,5911,4651,5091,4161,3731,485
Long-term investments and receivables437414443380400409
Long-term investments437414443380400409
Intangible assets, net (including goodwill)1,6751,6731,7621,8002,0692,190
Goodwill1,3111,2811,3071,2981,4961,541
Intangible assets, net (excluding goodwill)364392456502573649
Deferred income tax assets22916978 
Other noncurrent assets269293180153142147
Other undisclosed noncurrent assets    75105112
Total noncurrent assets:4,3644,1684,1364,0314,0894,344
TOTAL ASSETS:10,1049,1828,5047,7607,6267,972
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,6573,1412,7722,5692,3882,325
Accounts payable1,3851,078855915866918
Accrued liabilities2,2712,0621,9171,6541,5221,408
Debt1969336015318495
Other liabilities235221231162194230
Total current liabilities:4,0883,4553,3632,8852,7672,651
Noncurrent Liabilities
Long-term debt and lease obligation1,2651,5271,3831,3521,2751,618
Long-term debt, excluding current maturities1,2651,4111,2571,1921,2751,618
Finance lease, liability    12
Liabilities, other than long-term debt868757741582591608
Accounts payable and accrued liabilities    61  
Deferred tax liabilities, net116131
Deferred income tax liabilities112117112 
Liability, pension and other postretirement and postemployment benefits158209253232223247
Other liabilities473431375289251230
Operating lease, liability125116126149
Other undisclosed noncurrent liabilities    34  
Total noncurrent liabilities:2,1332,2842,1231,9681,8662,226
Total liabilities:6,2215,7385,4864,8534,6334,876
Equity
Equity, attributable to parent3,8823,4162,9802,8542,9333,030
Common stock111111
Additional paid in capital30431510137
Accumulated other comprehensive loss(1,803)(1,771)(1,811)(1,595)(1,555)(1,362)
Retained earnings5,6555,1824,7594,4444,4774,254
Equity, attributable to noncontrolling interest02838536166
Total equity:3,8833,4443,0182,9072,9943,095
TOTAL LIABILITIES AND EQUITY:10,1049,1828,5047,7607,6267,972

Income Statement (P&L) ($ in millions)

3/31/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues12,65111,1389,1509,0419,3528,307
Revenue, net8,307
Cost of revenue
(Cost of Goods and Services Sold)
(9,650)(8,566)(7,092)(7,057)(7,355)(6,541)
Gross profit:3,0012,5722,0581,9841,9971,765
Operating expenses(1,736)(1,571)(1,458)(1,636)(1,508)(1,362)
Operating income:1,2651,001600348489403
Nonoperating expense
(Other Nonoperating expense)
(145)(50)(23)(67)(75)(74)
Interest and debt expense (46)(25)(25)(29)(62)(55)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes331910989
Income from continuing operations before equity method investments, income taxes:1,107944562261360284
Income from equity method investments646646433439
Income from continuing operations before income taxes:1,1711,010608304395323
Income tax expense(297)(108)(188)(181)(111)(134)
Income from continuing operations:875902420123284189
Income before gain (loss) on sale of properties:902420123284189
Net income:875902420123284189
Net income (loss) attributable to noncontrolling interest15(5)722(3)
Net income available to common stockholders, diluted:890897427125286186

Comprehensive Income ($ in millions)

3/31/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:875902420123284189
Other comprehensive income (loss)(31)40(220)(37)(198)81
Comprehensive income:8439412008686271
Comprehensive income (loss), net of tax, attributable to noncontrolling interest14(4)12(0)6(4)
Other undisclosed comprehensive loss, net of tax, attributable to parent      
Comprehensive income, net of tax, attributable to parent:8579372128592266

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.

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