Ampco-Pittsburgh Corporation (AP) financial statements (2020 and earlier)

Company profile

Business Address 726 BELL AVENUE
CARNEGIE, PA 15106
State of Incorp. PA
Fiscal Year End December 31
SIC 3561 - Pumps and Pumping Equipment (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 investments710610201522
Cash and cash equivalents710610201522
Receivables98948587698697
Inventory, net of allowances, customer advances and progress billings8287949394107112
Inventory8287949394107112
Disposal group, including discontinued operation  141820  
Assets held-for-sale, not part of disposal group     7 
Other current assets675671212
Other undisclosed current assets  1717171515
Total current assets:193198222231228241258
Noncurrent Assets
Operating lease, right-of-use asset45  
Nontrade receivables1211241281331367276
Property, plant and equipment166165171173186202207
Long-term investments and receivables2222222
Long-term investments2222222
Intangible assets, net (including goodwill)888991010
Intangible assets, net (excluding goodwill)888991010
Other noncurrent assets9998776
Other undisclosed noncurrent assets3399323
Total noncurrent assets:313316327334343295305
TOTAL ASSETS:507514549565571536563
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities56576265597171
Accounts payable33364246395150
Employee-related liabilities22202019202021
Debt20202119464645
Estimated litigation liability21242424242121
Disposal group, including discontinued operation  81090 
Other liabilities27283030292932
Other undisclosed current liabilities1111   
Total current liabilities:124129146148167167170
Noncurrent Liabilities
Long-term debt and lease obligation, including:50555758323241
Operating lease, liability45  
Other undisclosed long-term debt and lease obligation47505758323241
Liabilities, other than long-term debt272262262270279186194
Liability, pension and other postretirement and postemployment benefits84716566737375
Estimated litigation liability187189194201204110116
Other liabilities1222222
Other undisclosed noncurrent liabilities4556000
Total noncurrent liabilities:327323324333311218235
Total liabilities:451452470482478385405
Stockholders' equity
Stockholders' equity attributable to parent4955737888147154
Common stock13131313121212
Additional paid in capital156156156155155155154
Accumulated other comprehensive loss(69)(59)(46)(44)(49)(50)(49)
Retained earnings (accumulated deficit)(51)(54)(49)(46)(30)3037
Stockholders' equity attributable to noncontrolling interest7666544
Total stockholders' equity:5661798493151158
TOTAL LIABILITIES AND EQUITY:507514549565571536563

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
Revenues979110310765112127
Cost of revenue
(Cost of Goods and Services Sold)
(76)(75)     
Gross profit:211510310765112127
Operating expenses(18)(17)(103)(119)(100)(119)(129)
Operating income (loss):3(1)(1)(12)(35)(7)(2)
Nonoperating income (expense)1110(1)1(1)
Investment income, nonoperating(0)010000
Other nonoperating income (expense)2211(0)20
Interest and debt expense(1)(2)(1)(1)(1)(1)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes1211111
Income (loss) from continuing operations before equity method investments, income taxes:4(1)0(12)(37)(6)(2)
Other undisclosed income from continuing operations before income taxes    1  
Income (loss) from continuing operations before income taxes:4(1)0(12)(36)(6)(2)
Income tax expense (benefit)(0)(0)(1)(1)1(1)(1)
Income (loss) from continuing operations:4(1)(0)(13)(36)(6)(3)
Loss from discontinued operations(0)(3)(3)(2)   
Other undisclosed loss before gain (loss) on sale of properties    (24)  
Net income (loss):3(5)(4)(15)(60)(6)(3)
Net loss attributable to noncontrolling interest(0)(0)(0)(0)(1)(1)(0)
Net income (loss) available to common stockholders, diluted:3(5)(4)(15)(60)(7)(3)

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 (loss):3(5)(4)(15)(60)(6)(3)
Other comprehensive income (loss)(9)(13)(2)51(1)(6)
Comprehensive loss:(6)(18)(5)(10)(59)(8)(8)
Comprehensive loss, net of tax, attributable to noncontrolling interest(1)(0)(0)(0)(0)(1)(0)
Comprehensive loss, net of tax, attributable to parent:(6)(18)(6)(10)(59)(8)(8)

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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