Avery Dennison Corporation (AVY) financial statements (2021 and earlier)

Company profile

Business Address 207 GOODE AVENUE
GLENDALE, CA 91203
State of Incorp. DE
Fiscal Year End December 31
SIC 267 - Converted Paper And Paperboard Products, Except (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments252285263742254224247
Cash and cash equivalents252285263742254224247
Receivables1,2351,2131,1151,2231,2121,2241,232
Inventory, net of allowances, customer advances and progress billings717663727723663665671
Inventory717663727723663665671
Other current assets212215221226212220227
Total current assets:2,4162,3752,3252,9142,3412,3332,377
Noncurrent Assets
Finance lease, right-of-use asset     30 
Operating lease, right-of-use asset     143 
Property, plant and equipment1,3441,2341,2291,2321,2111,1421,144
Long-term investments and receivables     9 
Long-term investments     9 
Intangible assets, net (including goodwill)1,3611,2531,2351,2261,0571,0501,077
Goodwill1,1361,0591,0401,028931920941
Intangible assets, net (excluding goodwill)225194196198127129136
Deferred income tax assets198203211225225  
Other noncurrent assets765656652665655618611
Other undisclosed noncurrent assets     14180
Total noncurrent assets:3,6683,3463,3273,3473,1483,0053,013
TOTAL ASSETS:6,0845,7215,6526,2615,4895,3395,390
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,7211,6921,6411,7281,6811,7541,720
Accounts payable1,0519339571,0311,0661,0411,055
Accrued liabilities345540509508323521495
Employee-related liabilities239219175189220192169
Taxes payable86   71  
Debt65124269832440514559
Accrued environmental loss contingencies9   10  
Other undisclosed current liabilities131   122  
Total current liabilities:1,9261,8161,9102,5602,2542,2682,279
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,0522,0201,9981,9881,4991,4841,503
Finance lease, liability23   241916
Operating lease, liability116   99106113
Other undisclosed long-term debt and lease obligation1,9132,0201,9981,9881,3761,3581,375
Total noncurrent liabilities:2,0522,0201,9981,9881,4991,4841,503
Total liabilities:4,0943,8363,9074,5483,7533,7523,782
Stockholders' equity
Stockholders' equity attributable to parent1,4851,3351,2141,1731,2041,0571,063
Common stock124124124124124124124
Treasury stock, value(2,501)(2,451)(2,447)(2,456)(2,425)(2,394)(2,312)
Additional paid in capital862850840853874865858
Accumulated other comprehensive loss(350)(394)(403)(412)(348)(399)(370)
Retained earnings3,3493,2063,1003,0652,9792,8622,762
Total stockholders' equity:1,4851,3351,2141,1731,2041,0571,063
Other undisclosed liabilities and equity505550531539532530545
TOTAL LIABILITIES AND EQUITY:6,0845,7215,6526,2615,4895,3395,390

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues1,9911,7291,5291,7231,7731,7611,796
Cost of revenue
(Cost of Goods and Services Sold)
(1,420)(1,245)(1,146)(1,238)(1,288)(1,290)(1,313)
Gross profit:571484383485485472482
Operating expenses(302)(258)(219)(281)(277)(262)(266)
Operating income:269226164204208210217
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(2)(0)(0)13(1)(1)
Interest and debt expense(16)(16)(20)(19)(18)(19)(20)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes4(12)(40)(5)(28)(10)(8)
Income from continuing operations before equity method investments, income taxes:255198103181165180189
Loss from equity method investments(1)(1)(1)(0)(1)(1)(0)
Income from continuing operations before income taxes:254197102181165179188
Income tax expense(63)(46)(22)(46)(2)(35)(45)
Net income available to common stockholders, diluted:19215180134163145143

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income:19215180134163145143
Other comprehensive income (loss)   716512(5)
Other undisclosed comprehensive loss(31)      
Comprehensive income:16115180141327157139
Other undisclosed comprehensive income (loss), net of tax, attributable to parent7599(71)(113)(41)(6)
Comprehensive income, net of tax, attributable to parent:2361608970214115133

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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