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. DE
Fiscal Year End December 31
Industry (SIC) 734 - Services To Dwellings And Other Buildings (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4796051,188515
Cash and cash equivalents4796051,188515
Receivables1,3951,313767639
Inventory, net of allowances, customer advances and progress billings1501636964
Inventory1501636964
Contract with customer, asset, after allowance for credit loss436459217142
Other undisclosed current assets12211238577
Total current assets:2,5822,6522,6261,437
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 1517  
Operating lease, right-of-use asset233222101107
Property, plant and equipment 407326355
Intangible assets, net (including goodwill)4,0914,1661,9882,047
Goodwill2,4712,3821,1061,082
Intangible assets, net (excluding goodwill)1,6201,784882965
Deferred income tax assets1131087389
Other noncurrent assets751444530
Other undisclosed noncurrent assets481375  
Total noncurrent assets:5,0085,4392,5332,628
TOTAL ASSETS:7,5908,0915,1594,065
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,1801,153574465
Employee-related liabilities✕✕✕209182
Accounts payable472490236150
Accrued liabilities708663129133
Deferred revenue526463243219
Debt5206118
Deferred compensation liability    67
Other undisclosed current liabilities96994972
Total current liabilities:1,8071,921867841
Noncurrent Liabilities
Long-term debt and lease obligation2,330127996
Long-term debt, excluding current maturities2,322   
Finance lease, liability 812218
Liabilities, other than long-term debt585667124173
Deferred income tax liabilities2333404345
Liability, pension and other postretirement and postemployment benefits5040  
Accrued environmental loss contingencies 16  
Other liabilities12711171106
Operating lease, liability 1641547778
Business combination, contingent consideration, liability1161022
Derivative instruments and hedges, liabilities    
Other undisclosed noncurrent liabilities 2,5671,7661,397
Total noncurrent liabilities:2,9153,2461,9691,666
Total liabilities:4,7225,1672,8362,507
Temporary equity, carrying amount 797797  
Equity
Equity, attributable to parent2,0712,1272,3231,558
Additional paid in capital2,5722,5582,5601,856
Accumulated other comprehensive loss(490)(267) (14)
Retained earnings (accumulated deficit)(11)(164)(237)(284)
Total equity:2,0712,1272,3231,558
TOTAL LIABILITIES AND EQUITY:7,5908,0915,1594,065

Income Statement (P&L) ($ in millions)
Annual | Quarterly

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues6,9286,5583,9403,587
Cost of revenue(4,988)(4,844)(3,001)(2,831)
Cost of goods and services sold (4,988)   
Gross profit:1,9401,714939756
Operating expenses(1,581)(1,552)(803)(725)
Other undisclosed operating loss    (197)
Operating income (loss):359162136(166)
Nonoperating expense(127)(69)(57)(6)
Gain, foreign currency transaction, before tax    12
Other nonoperating expense(127)(69)(57)(18)
Interest and debt expense(7)5(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:2259870(184)
Other undisclosed income (loss) from continuing operations before income taxes7(5)9 
Income (loss) from continuing operations before income taxes:2329379(184)
Income tax expense (benefit)(79)(20)(32)31
Income (loss) from continuing operations:1537347(153)
Income (loss) before gain (loss) on sale of properties:✕✕✕47(153)
Net income (loss) attributable to parent:1537347(153)
Preferred stock dividends and other adjustments(44) (184)(222)
Other undisclosed net loss available to common stockholders, basic(270)(50)  
Net income (loss) available to common stockholders, basic:(161)23(137)(375)
Other undisclosed net income (loss) available to common stockholders, diluted 3  
Net income (loss) available to common stockholders, diluted:(161)26(137)(375)

Comprehensive Income ($ in millions)
Annual | Quarterly

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income (loss):1537347(153)
Other comprehensive income 8155  
Other undisclosed comprehensive income    
Comprehensive income (loss):23412847(153)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(288)(322)14(17)
Comprehensive income (loss), net of tax, attributable to parent:(54)(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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