Allegion plc (ALLE) Financial Statements (2024 and earlier)

Company Profile

Business Address BLOCK D IVEAGH COURT
DUBLIN 2, 00000
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 7381 - Detective, Guard, and Armored Car Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
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 investments288398480355284466
Cash and cash equivalents288398480355284466
Restricted cash and investments    37 
Receivables404312348330325297
Inventory, net of allowances, customer advances and progress billings479380283270280240
Inventory479380283270280240
Disposal group, including discontinued operation 4 6 11
Other current assets402728292017
Other undisclosed current assets    141512
Total current assets:1,2151,1181,1451,0029321,033
Noncurrent Assets
Operating lease, right-of-use asset    81
Property, plant and equipment309284295291277252
Long-term investments and receivables    18  
Long-term investments    18  
Intangible assets, net (including goodwill)2,0221,2511,3061,3841,4301,156
Goodwill1,413804819873883761
Intangible assets, net (excluding goodwill)609448487511547394
Regulated entity, other noncurrent assets    12  
Deferred income tax assets 228155127 
Other noncurrent assets2182441971778766
Deferred tax assets, net8535
Other undisclosed noncurrent assets    1  
Total noncurrent assets:2,7771,9331,9241,9651,8791,509
TOTAL ASSETS:3,9913,0513,0692,9672,8102,542
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities529589514507486426
Taxes payable1218132018
Employee-related liabilities11886989585
Accounts payable281259220221235188
Accrued liabilities248200189175135135
Debt1313003535
Restructuring reserve 0     
Accrued environmental loss contingencies 4     
Disposal group, including discontinued operation   7   
Other undisclosed current liabilities 158     
Total current liabilities:704601522507521461
Noncurrent Liabilities
Long-term debt and lease obligation2,0821,4301,4291,4281,4101,442
Long-term debt, excluding current maturities2,0821,4301,4291,4281,4101,442
Liabilities, other than long-term debt, including:261258286272110233
Deferred income tax liabilities 102101106108
Liability, pension and other postretirement and postemployment benefits 406979888186
Other liabilities12088101772924
Other undisclosed liabilities, other than long-term debt      124
Other undisclosed noncurrent liabilities     116 
Total noncurrent liabilities:2,3431,6871,7151,7001,6351,676
Total liabilities:3,0472,2892,2372,2072,1562,137
Equity
Equity, attributable to parent942759829757651402
Common stock111111
Additional paid in capital14    9
Accumulated other comprehensive loss(286)(194)(157)(219)(224)(153)
Retained earnings1,213953986975874544
Equity, attributable to noncontrolling interest333334
Total equity:945762833760654406
TOTAL LIABILITIES AND EQUITY:3,9913,0513,0692,9672,8102,542

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues3,2722,8672,7202,8542,7322,408
Revenue, net2,7322,408
Cost of revenue
(Cost of Goods and Services Sold)
(1,950)(1,663)(1,541)(1,602)(1,558)(1,338)
Gross profit:1,3221,2051,1791,2521,1731,071
Operating expenses(736)(675)(775)(687)(648)(583)
Operating income:586530404565526488
Nonoperating income (expense)124413(4)313
Investment income, nonoperating      
Loss, foreign currency transaction, before tax      
Other nonoperating income (expense)124413(4)313
Interest and debt expense(76)(50)(51)(56)(54)(2)
Income from continuing operations before equity method investments, income taxes:522524365505475500
Other undisclosed loss from continuing operations before income taxes (8)  (30) (104)
Income from continuing operations before income taxes:515524365475475396
Income tax expense(56)(41)(51)(73)(40)(119)
Income from continuing operations:458483315402435277
Income before gain (loss) on sale of properties:483315402435277
Net income:458483315402435277
Net loss attributable to noncontrolling interest(0)(0)(0)(0)(1)(3)
Net income available to common stockholders, diluted:458483314402435273

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:458483315402435277
Other comprehensive income (loss)(92)(37)625(61)117
Other undisclosed comprehensive income      
Comprehensive income:366446376407375394
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(0)(1)(0)(1)(3)
Comprehensive income, net of tax, attributable to parent:367446376407374391

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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