Altra Industrial Motion Corp. (AIMC) Financial Statements (2024 and earlier)

Company Profile

Business Address 300 GRANITE STREET
BRAINTREE, MA 02184
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3569 - General Industrial Machinery and Equipment, Not Elsewhere (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments246,100254,400167,300168,95751,99469,118
Cash and cash equivalents246,100254,400167,300168,95751,99469,118
Receivables236,200247,700248,400269,987142,133120,926
Inventory, net of allowances, customer advances and progress billings267,800210,400222,500231,172145,611139,840
Inventory267,800210,400222,500231,172145,611139,840
Asset, held-for-sale, not part of disposal group 377,300  6961,0813,874
Other undisclosed current assets40,40035,70029,10033,09517,34410,429
Total current assets:1,167,800748,200667,300703,907358,163344,187
Noncurrent Assets
Operating lease, right-of-use asset50,00041,00036,600
Property, plant and equipment275,800344,200354,400364,433191,918177,043
Intangible assets, net (including goodwill)2,621,2003,055,6003,197,3003,248,069365,653343,524
Goodwill1,564,0001,596,0001,694,9001,662,341206,040188,841
Intangible assets, net (excluding goodwill)1,057,2001,459,6001,502,4001,585,728159,613154,683
Deferred income tax assets2,3004,9003,000
Other noncurrent assets13,50014,20025,10015,9032,3152,560
Other undisclosed noncurrent assets    4,9312,6082,510
Total noncurrent assets:2,962,8003,459,9003,616,4003,633,336562,494525,637
TOTAL ASSETS:4,130,6004,208,1004,283,7004,337,243920,657869,824
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities261,100257,700226,200240,311109,18792,853
Taxes payable6,00017,90013,2007,5429,082706
Employee-related liabilities81,80076,20058,30056,97932,09131,302
Accounts payable173,300163,600154,700175,79068,01460,845
Accrued liabilities      
Debt11,10016,60018,00017,18838443,690
Other undisclosed current liabilities144,30086,30095,50079,61132,92135,080
Total current liabilities:416,500360,600339,700337,110142,492171,623
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,401,0001,408,1001,563,8001,690,898275,587325,969
Other undisclosed long-term debt and lease obligation1,363,4001,378,3001,539,1001,690,898275,587325,969
Liabilities, other than long-term debt290,400412,900433,20067,822105,87388,884
Accounts payable and accrued liabilities2,7003,6004,5005,4186,322 
Deferred tax liabilities, net 52,25061,084
Deferred income tax liabilities250,500359,600369,100
Liability, pension and other postretirement and postemployment benefits29,90035,40030,80031,97625,03823,691
Other liabilities7,30014,30028,80030,42822,2634,109
Operating lease, liability37,60029,80024,700
Total noncurrent liabilities:1,691,4001,821,0001,997,0001,758,720381,460414,853
Total liabilities:2,107,9002,181,6002,336,7002,095,830523,952586,476
Equity
Equity, attributable to parent, including:1,985,1001,996,7001,922,3001,848,196396,705283,348
Additional paid in capital1,718,4001,706,0001,696,7001,687,121223,336168,299
Accumulated other comprehensive income (loss)(11,000)21,100(89,900)(71,593)(49,864)(76,086)
Retained earnings277,600269,500315,400232,604223,204191,108
Other undisclosed equity, attributable to parent100100100642927
Total equity:1,985,1001,996,7001,922,3001,848,196396,705283,348
Other undisclosed liabilities and equity 37,60029,80024,700393,217  
TOTAL LIABILITIES AND EQUITY:4,130,6004,208,1004,283,7004,337,243920,657869,824

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

12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues1,899,8001,726,0001,834,1001,175,342876,737708,906
Revenue, net876,737708,906
Cost of revenue
(Cost of Goods and Services Sold)
(1,224,400)(1,103,600)(1,177,800)(799,231)(600,961)(486,774)
Gross profit:675,400622,400656,300376,111275,776222,132
Operating expenses(578,000)(544,900)(432,200)(289,434) (174,586)
Operating income:97,40077,500224,10086,677275,77647,546
Nonoperating expense(89,600)(73,500)(75,900)(34,929)(9,860)(13,661)
Interest and debt expense(15,400)(4,600)(4,600)(1,146)(599)(802)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  4,6004,6001,146(194,190)802
Income (loss) from continuing operations before equity method investments, income taxes:(7,600)4,000148,20051,74871,12733,885
Other undisclosed income from continuing operations before income taxes15,400     
Income from continuing operations before income taxes:7,8004,000148,20051,74871,12733,885
Income tax expense (benefit)19,900(29,500)(21,000)(16,407)(19,700)(8,745)
Income (loss) from continuing operations:27,700(25,500)127,20035,34151,42725,140
Income (loss) before gain (loss) on sale of properties:27,700(25,500)127,20035,34151,42725,140
Net income (loss) available to common stockholders, diluted:27,700(25,500)127,20035,34151,42725,140

Comprehensive Income ($ in thousands)

12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):27,700(25,500)127,20035,34151,42725,140
Other comprehensive income (loss)600    (12,254)
Other undisclosed comprehensive income     26,222 
Comprehensive income (loss):28,300(25,500)127,20035,34177,64912,886
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(32,700)111,000(18,300)(21,729)  
Comprehensive income (loss), net of tax, attributable to parent:(4,400)85,500108,90013,61277,64912,886

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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