Avantor Inc. (AVTR) Financial Statements (2024 and earlier)

Company Profile

Business Address RADNOR CORPORATE CENTER, BUILDING ONE
RADNOR, PA 19087
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 3826 - Laboratory Analytical Instruments (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments263373302287187
Cash and cash equivalents263373302287187
Receivables1,1501,2181,2221,113989
Inventory, net of allowances, customer advances and progress billings828914872740711
Inventory828914872740711
Other current assets1441538191135
Total current assets:2,3852,6582,4772,2312,022
Noncurrent Assets
Property, plant and equipment738727706550557
Intangible assets, net (including goodwill)9,4929,78610,4816,9096,990
Goodwill5,7175,6535,3412,8602,769
Intangible assets, net (excluding goodwill)3,7754,1335,1404,0494,220
Other noncurrent assets358294233217205
Total noncurrent assets:10,58810,80611,4207,6767,752
TOTAL ASSETS:12,97313,46413,8979,9079,773
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8099311,005903749
Interest and dividends payable504574
Employee-related liabilities200179114
Accounts payable626758755679560
Accrued liabilities183172   
Debt260364452694
Other liabilities411364401314232
Total current liabilities:1,4801,6591,4511,2431,075
Noncurrent Liabilities
Long-term debt and lease obligation5,2775,9236,9784,8685,186
Long-term debt, excluding current maturities5,2775,9236,9784,8685,023
Finance lease, liability     56
Liabilities, other than long-term debt9631,0271,2711,122428
Deferred income tax liabilities613731913724 
Other liabilities350295358398428
Operating lease, liability     107
Other undisclosed noncurrent liabilities     622
Total noncurrent liabilities:6,2406,9508,2495,9906,237
Total liabilities:7,7208,6099,7007,2327,311
Equity
Equity, attributable to parent, including:5,2534,8554,1972,6742,462
Accumulated other comprehensive income (loss)(69)(100)(43)22(86)
Retained earnings (accumulated deficit)1,4921,170484(89)(204)
Other undisclosed equity, attributable to parent3,8303,7853,7562,7412,752
Total equity:5,2534,8554,1972,6742,462
TOTAL LIABILITIES AND EQUITY:12,97313,46413,8979,9079,773

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues6,9677,5127,3866,3946,040
Cost of revenue
(Cost of Goods and Services Sold)
(4,603)(4,910)(4,883)(4,313)(4,120)
Gross profit:2,3642,6032,5032,0811,921
Operating expenses(1,667)(1,473)(1,531)(1,374)(1,369)
Operating income:6961,130972707552
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
6(1)11103
Interest and debt expense(292)(278)(230)(654)(514)
Income from continuing operations before equity method investments, income taxes:4118517536241
Other undisclosed loss from continuing operations before income taxes     
Income from continuing operations before income taxes:4118517536241
Income tax expense (benefit)(89)(165)(180)54(3)
Income from continuing operations:32168757311738
Income before gain (loss) on sale of properties:57311738
Net income attributable to parent:32168757311738
Preferred stock dividends and other adjustments  (24)(65)(65)(373)
Net income (loss) available to common stockholders, basic:32166250852(335)
Dilutive securities, effect on basic earnings per share  24   
Net income (loss) available to common stockholders, diluted:32168750852(335)

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income:32168757311738
Other comprehensive loss   (8)(20)
Other undisclosed comprehensive income    0
Comprehensive income:32168757310918
Other undisclosed comprehensive income (loss), net of tax, attributable to parent31(57)(65)115 
Comprehensive income, net of tax, attributable to parent:35262950822418

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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