APi Group Corporation (APG) Financial Statements (2024 and earlier)

Company Profile

Business Address C/O API GROUP, INC.
NEW BRIGHTON, MN 55112
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 17 - Construction Special Trade Contractors (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6051,188515
Cash and cash equivalents6051,188515
Receivables1,313767639
Inventory, net of allowances, customer advances and progress billings1636964
Inventory1636964
Contract with customer, asset, after allowance for credit loss459217142
Other undisclosed current assets11238577
Total current assets:2,6522,6261,437
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 17  
Operating lease, right-of-use asset222101107
Property, plant and equipment407326355
Intangible assets, net (including goodwill)4,1661,9882,047
Goodwill2,3821,1061,082
Intangible assets, net (excluding goodwill)1,784882965
Deferred income tax assets1087389
Other noncurrent assets1444530
Other undisclosed noncurrent assets375  
Total noncurrent assets:5,4392,5332,628
TOTAL ASSETS:8,0915,1594,065
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,153574465
Employee-related liabilities209182
Accounts payable490236150
Accrued liabilities663129133
Deferred revenue463243219
Debt206118
Deferred compensation liability   67
Other undisclosed current liabilities994972
Total current liabilities:1,921867841
Noncurrent Liabilities
Long-term debt and lease obligation127996
Long-term debt, excluding current maturities   
Finance lease, liability 12218
Liabilities, other than long-term debt667124173
Deferred income tax liabilities3404345
Liability, pension and other postretirement and postemployment benefits40  
Accrued environmental loss contingencies16  
Other liabilities11171106
Operating lease, liability 1547778
Business combination, contingent consideration, liability61022
Derivative instruments and hedges, liabilities   
Other undisclosed noncurrent liabilities2,5671,7661,397
Total noncurrent liabilities:3,2461,9691,666
Total liabilities:5,1672,8362,507
Temporary equity, carrying amount797  
Equity
Equity, attributable to parent2,1272,3231,558
Additional paid in capital2,5582,5601,856
Accumulated other comprehensive loss(267) (14)
Accumulated deficit(164)(237)(284)
Total equity:2,1272,3231,558
TOTAL LIABILITIES AND EQUITY:8,0915,1594,065

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
Revenues6,5583,9403,587
Cost of revenue(4,844)(3,001)(2,831)
Gross profit:1,714939756
Operating expenses(1,552)(803)(725)
Other undisclosed operating loss   (197)
Operating income (loss):162136(166)
Nonoperating expense(69)(57)(6)
Gain, foreign currency transaction, before tax   12
Other nonoperating expense(69)(57)(18)
Interest and debt expense5(9)(52)
Other undisclosed income from continuing operations before equity method investments, income taxes   40
Income (loss) from continuing operations before equity method investments, income taxes:9870(184)
Other undisclosed income (loss) from continuing operations before income taxes(5)9 
Income (loss) from continuing operations before income taxes:9379(184)
Income tax expense (benefit)(20)(32)31
Income (loss) from continuing operations:7347(153)
Income (loss) before gain (loss) on sale of properties:47(153)
Net income (loss) attributable to parent:7347(153)
Preferred stock dividends and other adjustments (184)(222)
Other undisclosed net loss available to common stockholders, basic(50)  
Net income (loss) available to common stockholders, basic:23(137)(375)
Other undisclosed net income available to common stockholders, diluted3  
Net income (loss) available to common stockholders, diluted:26(137)(375)

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
Net income (loss):7347(153)
Other comprehensive income 55  
Other undisclosed comprehensive income   
Comprehensive income (loss):12847(153)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(322)14(17)
Comprehensive income (loss), net of tax, attributable to parent:(194)61(170)

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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