Cubic Corporation (CUB) financial statements (2022 and earlier)

Company profile

Business Address 9333 BALBOA AVE
SAN DIEGO, CA 92123
State of Incorp. DE
Fiscal Year End September 30
SIC 3829 - Measuring and Controlling Devices, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments   60210249
Cash and cash equivalents   60197218
Short-term investments    1331
Restricted cash and investments  2787669
Receivables 134392434392359
Inventory, net of allowances, customer advances and progress billings 10784886658
Inventory 10784886664
Progress payments netted against inventory for long-term contracts or programs     (6)
Contract with customer, asset 350 
Assets held-for-sale, not part of disposal group  8   
Other current assets  4431  
Other undisclosed current assets 134112 3940
Total current assets: 724668622783775
Noncurrent Assets
Property, plant and equipment 1451181149675
Intangible assets, net (including goodwill) 744407514530311
Goodwill 578334416407238
Intangible assets, net (excluding goodwill) 166749812373
Deferred income tax assets 4
Other noncurrent assets 77 117 
Other undisclosed noncurrent assets 1531127689139
Total noncurrent assets: 1,123637715722525
TOTAL ASSETS: 1,8471,3051,3361,5051,300
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 5974185156103
Accounts payable   968147
Employee-related liabilities 5865807451
Taxes payable 191015
Deferred revenue 46
Debt 206 5524061
Self insurance reserve 79  9
Deferred tax liabilities   13
Customer advances and deposits76574977
Other liabilities  53797493
Other undisclosed current liabilities 210117  (9)
Total current liabilities: 529328376520347
Noncurrent Liabilities
Long-term debt and lease obligation 189200200201126
Long-term debt, excluding current maturities 189200200201126
Liabilities, other than long-term debt 4224709471
Accounts payable and accrued liabilities 127129
Deferred compensation liability, classified 1111111110
Deferred tax liabilities, net31042
Deferred income tax liabilities 5
Liability, pension and other postretirement and postemployment benefits 258254726
Other liabilities   162125
Other undisclosed noncurrent liabilities 10628   
Total noncurrent liabilities: 337252270295197
Total liabilities: 867581647815544
Stockholders' equity
Stockholders' equity attributable to parent 962700690690756
Common stock 27445383326
Treasury stock, value (36)(36)(36)(36)(36)
Accumulated other comprehensive loss (140)(111)(107)(120)(52)
Retained earnings 863802794813819
Stockholders' equity attributable to noncontrolling interest 19    
Other undisclosed stockholders' equity  24   
Total stockholders' equity: 981724690690756
TOTAL LIABILITIES AND EQUITY: 1,8471,3051,3361,5051,300

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

9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
Revenues 1,4961,2031,4861,4621,431
Revenue, net1,2031,4861,4621,431
Cost of revenue (1,085)(844)(1,137)(1,137)(1,109)
Cost of goods and services sold  (835)(1,122)(1,117)(1,091)
Gross profit: 412358349325322
Operating expenses (326)(334)(332)(317)(247)
Operating income: 862418775
Nonoperating income (expense) (13)11(1)1
Investment income, nonoperating 72112
Other nonoperating income (expense) (20)(1)0(2)(1)
Interest and debt expense (20)(10)(15)(11)(4)
Other undisclosed loss from continuing operations before equity method investments, income taxes    (3) 
Income (loss) from continuing operations before income taxes: 52154(7)72
Income tax expense (benefit) (11)(7)(15)9(49)
Income (loss) from continuing operations: 418(11)223
Income (loss) from discontinued operations (1)4   
Net income (loss): 4012(11)223
Net income (loss) attributable to noncontrolling interest 100  (0)
Net income (loss) available to common stockholders, diluted: 5012(11)223

Comprehensive Income ($ in millions)

9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
Net income (loss): 4012(11)223
Other comprehensive loss (29)(2)   
Comprehensive income (loss): 1110(11)223
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 100  (0)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   13(68)(46)
Comprehensive income (loss), net of tax, attributable to parent: 21112(66)(24)

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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