A.O Smith Corporation (AOS) financial statements (2020 and earlier)

Company profile

Business Address 11270 WEST PARK PLACE
MILWAUKEE, WI 53224
State of Incorp. DE
Fiscal Year End December 31
SIC 363 - Household Appliances (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments551514578633645618658
Cash and cash equivalents374219282338260233260
Short-term investments177294296296385385398
Receivables590614635659647607644
Inventory, net of allowances, customer advances and progress billings303310323320305308289
Inventory303310323320305308289
Other current assets57676146426762
Total current assets:1,5001,5041,5971,6581,6391,5991,653
Noncurrent Assets
Operating lease, right-of-use asset4748  
Property, plant and equipment545544554550540526533
Intangible assets, net (including goodwill)884887892804806813816
Goodwill546547548514513515515
Intangible assets, net (excluding goodwill)338340344290293297301
Other noncurrent assets81858582878884
Other undisclosed noncurrent assets  4850   
Total noncurrent assets:1,5581,5641,5791,4851,4331,4271,432
TOTAL ASSETS:3,0583,0683,1763,1443,0723,0253,085
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities718681681688744694721
Accounts payable510483488492544508533
Accrued liabilities144136137148120112116
Employee-related liabilities65625648797472
Debt7777  3
Contract with customer, liability2934   
Other undisclosed current liabilities4243148424545
Total current liabilities:767730731737785739769
Noncurrent Liabilities
Long-term debt and lease obligation316352352278221193245
Long-term debt, excluding current maturities277312352278221193245
Operating lease, liability3940  
Liabilities, other than long-term debt309329328338348337341
Accounts payable and accrued liabilities92   98  
Liability, pension and other postretirement and postemployment benefits28373743492534
Other liabilities189293291295201312307
Other undisclosed noncurrent liabilities  4041   
Total noncurrent liabilities:625681720657569530586
Total liabilities:1,3911,4121,4511,3941,3551,2691,355
Stockholders' equity
Stockholders' equity attributable to parent, including:1,6671,6561,7251,7491,7171,7561,730
Common stock165165165165165165165
Treasury stock, value(1,113)(1,056)(959)(873)(827)(731)(695)
Additional paid in capital509507507504497496494
Accumulated other comprehensive loss(348)(362)(338)(332)(351)(318)(304)
Retained earnings2,3232,2722,2202,1552,1032,0141,940
Other undisclosed stockholders' equity attributable to parent131131131131131131131
Total stockholders' equity:1,6671,6561,7251,7491,7171,7561,730
TOTAL LIABILITIES AND EQUITY:3,0583,0683,1763,1443,0723,0253,085

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues751728765748813754833
Cost of revenue
(Cost of Goods and Services Sold)
(456)(444)(457)(455)(476)(448)(492)
Gross profit:295284309293337306341
Operating expenses(284)(172)(179)(185)(301)(178)(197)
Other undisclosed operating income (loss)    (46)1616
Operating income (loss):11112130108(10)145160
Nonoperating income
(Other Nonoperating income)
3466655
Interest and debt expense(3)(3)(3)(2)(2)(2)(2)
Income (loss) from continuing operations before equity method investments, income taxes:12113132112(6)148162
Other undisclosed income (loss) from continuing operations before income taxes104   161(16)(16)
Income from continuing operations before income taxes:116113132112155132146
Income tax expense(24)(26)(30)(22)(29)(27)(32)
Net income available to common stockholders, diluted:918710289126105115

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:918710289126105115
Other comprehensive income (loss)10118(2)1
Comprehensive income:928810390135103116
Other undisclosed comprehensive income (loss), net of tax, attributable to parent13(24)(7)18(41)(12)(30)
Comprehensive income, net of tax, attributable to parent:1056496108949186

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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