A.O. Smith Corporation (AOS) Financial Statements (2023 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 millions)

9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments417459579631685582666
Cash and cash equivalents359359406443486445579
Short-term investments5810017418819913787
Receivables564622608634624607535
Inventory, net of allowances, customer advances and progress billings526493489448358330313
Inventory526493489448358330313
Other current assets63574539716645
Total current assets:1,5701,6311,7211,7531,7381,5861,558
Noncurrent Assets
Operating lease, right-of-use asset31313433394244
Property, plant and equipment584593603607540540539
Intangible assets, net (including goodwill)969985989993867866868
Goodwill619627629628552548547
Intangible assets, net (excluding goodwill)350358360365315318321
Other noncurrent assets7882889011610797
Total noncurrent assets:1,6621,6901,7141,7221,5621,5551,549
TOTAL ASSETS:3,2323,3213,4353,4743,3003,1403,107
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8308569271,041922850784
Accounts payable596625659746650612547
Accrued liabilities164165207182178166181
Employee-related liabilities716761113957255
Debt7777777
Other undisclosed current liabilities64656871545046
Total current liabilities:9019281,0021,119983907836
Noncurrent Liabilities
Long-term debt and lease obligation305315313212131134135
Long-term debt, excluding current maturities281292289190100100100
Operating lease, liability24232522313436
Liabilities, other than long-term debt279286311311290283286
Accounts payable and accrued liabilities114115115114979596
Liability, pension and other postretirement and postemployment benefits   16   
Other liabilities165171196182193188190
Total noncurrent liabilities:583601624523421417422
Total liabilities:1,4841,5291,6261,6421,4041,3241,258
Stockholders' equity
Stockholders' equity attributable to parent, including:1,7481,7931,8091,8321,8971,8161,849
Treasury stock, value(1,785)(1,694)(1,612)(1,503)(1,358)(1,344)(1,219)
Additional paid in capital555553551545537535529
Accumulated other comprehensive loss(368)(346)(328)(331)(309)(311)(321)
Retained earnings3,0512,9852,9022,8272,7322,6422,565
Other undisclosed stockholders' equity attributable to parent295295295295295295295
Total stockholders' equity:1,7481,7931,8091,8321,8971,8161,849
TOTAL LIABILITIES AND EQUITY:3,2323,3213,4353,4743,3003,1403,107

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

9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
Revenues874966978996915860769
Cost of revenue
(Cost of Goods and Services Sold)
(569)(632)(636)(635)(574)(538)(480)
Gross profit:305334342361340321289
Operating expenses(144)(167)(180)(291)(178)(173)(167)
Operating income:16116816270163148122
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(2)(0)(4)7545
Interest and debt expense(2)(2)(2)(1)(1)(1)(1)
Income from continuing operations before equity method investments, income taxes:15616515775166151126
Other undisclosed income (loss) from continuing operations before income taxes(12)  107   
Income from continuing operations before income taxes:145165157182166151126
Income tax expense(35)(39)(37)(42)(35)(33)(28)
Net income available to common stockholders, diluted:11012612014013211898

Comprehensive Income ($ in millions)

9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
Net income:11012612014013211898
Other comprehensive income (loss)(2)(2)(1)6(1)(2)(1)
Comprehensive income:10712411914513011797
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(19)(17)5(28)3111
Comprehensive income, net of tax, attributable to parent:8810712411813412898

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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