SMITH A O CORP (AOS) Financial Statements (2025 and earlier)

Company Profile

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

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

12/31/2024
Q4
9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments255,600233,300303,100363,400341,800409,700
Cash and cash equivalent219,300216,100251,600339,900281,000378,900
Short-term investments36,30017,20051,50023,50060,80030,800
Receivables558,200649,900584,600596,000587,400588,900
Inventory, net of allowances, customer advances and progress billings554,900544,700522,300497,400519,000508,500
Inventory554,900544,700522,300497,400519,000508,500
Other current assets43,80053,40051,50043,50056,30054,200
Total current assets:1,412,5001,481,3001,461,5001,500,3001,504,5001,561,300
Noncurrent Assets
Operating lease, right-of-use asset32,40033,60035,70037,30033,30032,600
Property, plant and equipment624,600603,200599,000597,500581,100576,800
Intangible assets, net (including goodwill)978,900980,200985,000970,100969,100964,900
Goodwill651,700650,400651,500633,400630,500622,100
Intangible assets, net (excluding goodwill)327,200329,800333,500336,700338,600342,800
Other noncurrent assets105,80099,300101,000108,700112,100113,200
Total noncurrent assets:1,741,7001,716,3001,720,7001,713,6001,695,6001,687,500
TOTAL ASSETS:3,154,2003,197,6003,182,2003,213,9003,200,1003,248,800
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities700,000727,300754,800777,800737,000714,900
Accounts payable555,900574,600557,700600,400561,800545,100
Accrued liabilities144,100152,700197,100177,400175,200169,800
Deferred revenue33,20047,60062,90059,700 55,000
Debt10,00010,00010,00010,00010,00010,000
Other undisclosed current liabilities101,00087,50055,70097,800148,60080,800
Total current liabilities:844,200872,400883,400945,300895,600860,700
Noncurrent Liabilities
Long-term debt and lease obligation109,700130,400109,700117,300119,600196,000
Long-term debt, excluding current maturities109,700130,400109,700117,300119,600196,000
Liabilities, other than long-term debt283,600283,200307,300306,900302,500303,700
Accounts payable and accrued liabilities124,500122,900120,700122,800119,800119,000
Liability, pension and other postretirement and postemployment benefits   10,500  
Other liabilities135,600135,600160,200145,700156,700158,700
Operating lease, liability23,50024,70026,40027,90026,00026,000
Total noncurrent liabilities:393,300413,600417,000424,200422,100499,700
Total liabilities:1,237,5001,286,0001,300,4001,369,5001,317,7001,360,400
Equity
Equity, attributable to parent, including:1,916,7001,911,6001,881,8001,844,4001,882,4001,888,400
Treasury stock, value(2,433,600)(2,351,900)(2,273,200)(2,202,500)(2,061,700)(1,970,800)
Additional paid in capital599,700593,100589,500578,200570,800568,300
Accumulated other comprehensive loss(85,200)(92,000)(87,900)(84,200)(90,100)(82,400)
Retained earnings3,541,0003,467,6003,358,6003,258,1003,168,5003,078,400
Other undisclosed equity, attributable to parent294,800294,800294,800294,800294,900294,900
Total equity:1,916,7001,911,6001,881,8001,844,4001,882,4001,888,400
TOTAL LIABILITIES AND EQUITY:3,154,2003,197,6003,182,2003,213,9003,200,1003,248,800

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

12/31/2024
Q4
9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
Revenues902,6001,024,300978,800988,100937,500960,800
Cost of revenue
(Cost of Product and Service Sold)
(565,300)(628,300)(594,100)(618,300)(581,300)(576,100)
Gross profit:337,300396,000384,700369,800356,200384,700
Operating expenses(176,600)(188,500)(192,200)(298,300)(174,900)(180,300)
Other undisclosed operating income      
Operating income:160,700207,500192,50071,500181,300204,400
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(2,600)9001,200(3,600)(2,500)9,000
Interest and debt expense   (1,000)(1,100)(2,400)(4,500)
Income from continuing operations before equity method investments, income taxes:158,100208,400192,70066,800176,400208,900
Other undisclosed income (loss) from continuing operations before income taxes(1,500)(1,800) 110,100  
Income from continuing operations before income taxes:156,600206,600192,700176,900176,400208,900
Income tax expense(36,500)(50,400)(45,100)(39,600)(41,000)(51,900)
Net income available to common stockholders, diluted:120,100156,200147,600137,300135,400157,000

Comprehensive Income ($ in thousands)

12/31/2024
Q4
9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
Net income:120,100156,200147,600137,300135,400157,000
Other comprehensive income (loss)300500(300)1,200300600
Comprehensive income:120,400156,700147,300138,500135,700157,600
Other undisclosed comprehensive income (loss), net of tax, attributable to parent6,500(4,600)(3,400)4,700(8,000)(3,000)
Comprehensive income, net of tax, attributable to parent:126,900152,100143,900143,200127,700154,600

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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