American Axle & Manufacturing Holdings, Inc. (AXL) financial statements (2022 and earlier)

Company profile

Business Address ONE DAUCH DRIVE
DETROIT, MI 48211-1198
State of Incorp. DE
Fiscal Year End December 31
SIC 3714 - Motor Vehicle Parts and Accessories (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments530501588601557537893
Cash and cash equivalents530501588601557537893
Receivables763740798853793901550
Inventory, net of allowances, customer advances and progress billings410418395338323316359
Inventory410418395338323316359
Other undisclosed current assets153164170190204159160
Total current assets:1,8561,8221,9511,9821,8771,9131,962
Noncurrent Assets
Finance lease, right-of-use asset113   25  
Operating lease, right-of-use asset124121123120117  
Property, plant and equipment1,9961,9922,0672,1162,1642,1582,210
Intangible assets, net (including goodwill)8819029249449669851,004
Goodwill184184185185186184182
Intangible assets, net (excluding goodwill)697718738759781802822
Regulated entity, other noncurrent assets42   58  
Estimated insurance recoveries11  754  
Deferred income tax assets121127115107108105102
Other noncurrent assets457445430433448560555
Other undisclosed noncurrent assets34234236228100222223
Total noncurrent assets:3,7803,8213,8943,9554,0394,0304,094
TOTAL ASSETS:5,6365,6435,8455,9375,9165,9426,055
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities808802821814750786493
Accounts payable613605647655579622353
Employee-related liabilities195197173158171164140
Deferred revenue28262523232323
Debt1915117141427574
Other liabilities160136167169170190171
Other undisclosed current liabilities2524242323  
Total current liabilities:1,0401,0031,1521,0429791,0241,260
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,2193,1393,1573,4033,4873,6053,615
Long-term debt, excluding current maturities3,119      
Operating lease, liability100981009894  
Other undisclosed long-term debt and lease obligation 3,0423,0573,3053,3933,6053,615
Liabilities, other than long-term debt108778787795104716751
Deferred revenue95889093917679
Deferred income tax liabilities14151413132045
Liability, pension and other postretirement and postemployment benefits 675683689 621628
Other undisclosed noncurrent liabilities811289308296973253231
Total noncurrent liabilities:4,1384,2074,2524,4944,5644,5744,596
Total liabilities:5,1785,2105,4045,5365,5435,5995,856
Stockholders' equity
Stockholders' equity attributable to parent, including:458433441401371341196
Treasury stock, value(216)(216)(216)(216)(212)(212)(212)
Additional paid in capital1,3521,3471,3431,3391,3331,3281,323
Accumulated other comprehensive loss(365)(431)(407)(421)(412)(386)(402)
Accumulated deficit(314)(268)(265)(281)(320)(356)(473)
Other undisclosed stockholders' equity attributable to parent11(14)(19)(19)(34)(41)
Stockholders' equity attributable to noncontrolling interest    333
Total stockholders' equity:458433441401373344199
TOTAL LIABILITIES AND EQUITY:5,6365,6435,8455,9375,9165,9426,055

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues1,2351,2131,2831,4251,4381,414515
Cost of revenue
(Cost of Goods and Services Sold)
(1,095)(1,048)(1,093)(1,198)(1,201)(1,164)(614)
Gross profit:140166190227237250(99)
Operating expenses(99)(112)(108)(114)405(88)(95)
Other undisclosed operating loss(9)(7)(16)(18)(539)(10)(11)
Operating income (loss):32466696103152(206)
Nonoperating income (expense)1(0)34123
Investment income, nonoperating3333233
Other nonoperating income (expense)(2)(3)11(1)(2)0
Interest and debt expense(11)(81)(51)(52)(46)(59)(55)
Income (loss) from continuing operations before equity method investments, income taxes:23(35)18475895(257)
Other undisclosed income (loss) from continuing operations before income taxes(71)19  (8)  
Income (loss) from continuing operations before income taxes:(49)(16)18475095(257)
Income tax expense (benefit)214(2)(9)(14)2344
Net income (loss):(46)(2)163936117(213)
Net loss attributable to noncontrolling interest    (0)  
Net income (loss) attributable to parent:(46)(2)163936117(213)
Undistributed earnings (loss) allocated to participating securities, basic2 (1)(2) (5) 
Net income (loss) available to common stockholders, diluted:(45)(2)153736112(213)

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):(46)(2)163936117(213)
Other comprehensive income (loss)66(9)20(9)(11)2215
Comprehensive income (loss):20(12)362925140(198)
Comprehensive loss, net of tax, attributable to noncontrolling interest    (0)  
Comprehensive income (loss), net of tax, attributable to parent:20(12)362925140(198)

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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