Albany International Corporation (AIN) financial statements (2022 and earlier)

Company profile

Business Address 216 AIRPORT DRIVE
ROCHESTER, NH 03867
State of Incorp. DE
Fiscal Year End December 31
SIC 2221 - Broadwoven Fabric Mills, Manmade Fiber and Silk (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments302286253238241215204
Cash and cash equivalents302286253238241215204
Receivables192199191188189210203
Inventory, net of allowances, customer advances and progress billings118118121117110113116
Inventory118118121117110113116
Prepaid expense    5  
Contract with customer, asset11311611312213910596
Other undisclosed current assets34333940323732
Total current assets:759752717704717681650
Noncurrent Assets
Finance lease, right-of-use asset8   9  
Operating lease, right-of-use asset14   18  
Property, plant and equipment 427438436 442443
Long-term investments and receivables32333435363637
Accounts and financing receivable, after allowance for credit loss32333435363637
Intangible assets, net (including goodwill)221225228229234233231
Goodwill182184185184188184181
Intangible assets, net (excluding goodwill)39414345474850
Deferred income tax assets26313333393841
Other noncurrent assets81737574756060
Other undisclosed noncurrent assets414   422  
Total noncurrent assets:797788809808833810811
TOTAL ASSETS:1,5561,5401,5271,5121,5501,4911,462
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities208182176167191179177
Accounts payable69545555494750
Accrued liabilities124112108105125119115
Taxes payable1515127161312
Debt   000 
Other undisclosed current liabilities      0
Total current liabilities:208182176167191179177
Noncurrent Liabilities
Long-term debt and lease obligation350350350384398418435
Long-term debt, excluding current maturities350350350384398418435
Liabilities, other than long-term debt108117122124140135135
Deferred income tax liabilities    10  
Restructuring reserve0 00 00
Other liabilities108117121124130135135
Other undisclosed noncurrent liabilities12111111198
Total noncurrent liabilities:470478483519539562579
Total liabilities:678660659686730741756
Stockholders' equity
Stockholders' equity attributable to parent, including:874877864823816747703
Treasury stock, value(280)(256)(256)(256)(256)(256)(256)
Additional paid in capital437436435434434433433
Accumulated other comprehensive loss(146)(145)(132)(147)(132)(180)(200)
Retained earnings863841817792771750726
Other undisclosed stockholders' equity attributable to parent0000000
Stockholders' equity attributable to noncontrolling interest4444433
Total stockholders' equity:878880868826820750706
TOTAL LIABILITIES AND EQUITY:1,5561,5401,5271,5121,5501,4911,462

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues240232235222227212226
Cost of revenue
(Cost of Goods and Services Sold)
(144)(140)(133)(134)(136)(125)(123)
Gross profit:9692102899187103
Operating expenses(44)(38)(42)(37)(47)(40)(41)
Other undisclosed operating loss(10)(10)(10)(9)(9)(8)(9)
Operating income:42445042353953
Nonoperating income (expense)4(3)(1)(1)(12)3(1)
Other nonoperating income (expense) (3)(1)(1) 3(1)
Other undisclosed loss from continuing operations before equity method investments, income taxes(17)   (1)  
Income from continuing operations before equity method investments, income taxes:28424941224252
Other undisclosed income (loss) from continuing operations before income taxes122(4)(4)10(2)(4)
Income from continuing operations before income taxes:40444538323948
Income tax expense(11)(13)(13)(10)(4)(10)(15)
Net income:29313128283032
Net loss attributable to noncontrolling interest(0)(0)(0)(0)(0)(0)(0)
Net income available to common stockholders, diluted:29313128283032

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income:29313128283032
Other comprehensive income (loss)(1)(0)(0)(0)1100
Other undisclosed comprehensive income (loss)(0)(13)15(15)37209
Comprehensive income:28184613755041
Comprehensive income (loss), net of tax, attributable to noncontrolling interest00(0)0(1)(0)(0)
Comprehensive income, net of tax, attributable to parent:28184613744941

Statements sources

The financial statements are based on the company's filings with the 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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