Curtiss-Wright Corporation (CW) financial statements (2021 and earlier)

Company profile

Business Address 130 HARBOUR PLACE DRIVE
DAVIDSON, NC 28036
State of Incorp. DE
Fiscal Year End December 31
SIC 359 - Miscellaneous Industrial And Commercial (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments198391276475554289450
Cash and cash equivalents198391276475554289450
Receivables589632594495463566495
Inventory, net of allowances, customer advances and progress billings422425423379367380374
Inventory429425423379367380389
Progress payments netted against inventory for long-term contracts or programs(7)     (14)
Disposal group, including discontinued operation28     147
Other current assets57825153314045
Other undisclosed current assets7    4259
Total current assets:1,3011,5301,3441,4021,4151,3171,571
Noncurrent Assets
Finance lease, right-of-use asset9 ✕✕✕✕✕
Operating lease, right-of-use asset151165✕✕✕✕✕
Property, plant and equipment378386375390389414459
Intangible assets, net (including goodwill)2,0651,6471,5181,4261,2231,2831,348
Goodwill1,4551,1671,0881,096951973999
Intangible assets, net (excluding goodwill)610480430330271311349
Other noncurrent assets34371918121622
Other undisclosed noncurrent assets84      
Total noncurrent assets:2,7212,2341,9111,8341,6231,7131,828
TOTAL ASSETS:4,0213,7643,2553,2363,0383,0293,400
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities348394406340326303419
Accounts payable201222233185178163152
Accrued liabilities140165167150130132146
Employee-related liabilities      89
Taxes payable786518822
Interest and dividends payable      10
Deferred revenue253276✕✕✕✕✕
Debt100 0015111
Deferred compensation liability      7
Provision for loss on contracts      3
Disposal group, including discontinued operation10     35
Deferred revenue and credits✕✕✕215170182177
Deferred tax liabilities✕✕    2
Other liabilities99744536283938
Other undisclosed current liabilities  237   (111)
Total current liabilities:810745687591675525572
Noncurrent Liabilities
Long-term debt and lease obligation1,091917762814816953953
Long-term debt, excluding current maturities958761762814816953953
Finance lease, liability 11✕✕✕✕✕
Operating lease, liability133145✕✕✕✕✕
Liabilities, other than long-term debt332259275304256296396
Deferred tax liabilities, net✕✕4749509152
Deferred income tax liabilities115 ✕✕✕✕✕
Liability, pension and other postretirement and postemployment benefits98139101121107104227
Accrued environmental loss contingencies15151615141415
Disposal group, including discontinued operation, liabilities      1
Other liabilities1031061111198587103
Other undisclosed noncurrent liabilities 69    (1)
Total noncurrent liabilities:1,4231,2451,0371,1181,0711,2491,349
Total liabilities:2,2341,9901,7251,7091,7471,7741,921
Stockholders' equity
Stockholders' equity attributable to parent1,7881,7741,5311,5281,2911,2551,478
Common stock49494949494949
Treasury stock, value(744)(563)(540)(369)(351)(303)(70)
Additional paid in capital123116118121129145158
Accumulated other comprehensive loss(311)(325)(288)(217)(292)(226)(128)
Retained earnings2,6702,4972,1911,9441,7551,5911,469
Total stockholders' equity:1,7881,7741,5311,5281,2911,2551,478
TOTAL LIABILITIES AND EQUITY:4,0213,7643,2553,2363,0383,0293,400

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2,3912,4882,4122,2712,1092,2062,243
Revenue, net✕✕✕2,2712,1092,2062,243
Cost of revenue(1,550)(1,589)(1,541)(1,452)(1,358)(1,422)(1,467)
Cost of goods and services sold(9)  (1,452)(1,358)(1,422)(1,467)
Gross profit:841899871819750783777
Operating expenses(552)(495)(498)(479)(442)(473)(658)
Other undisclosed operating income      164
Operating income:289404374340308311282
Nonoperating income1024171113
Foreign currency transaction gain, before tax      3
Other nonoperating income1024171110
Interest and debt expense(36)(31)(34)(41)(41)(36)(36)
Other undisclosed loss from continuing operations before equity method investments, income taxes      (3)
Income from continuing operations before income taxes:263396356300268275247
Income tax expense(62)(89)(80)(85)(79)(83)(77)
Income from continuing operations:201308276215189192170
Loss from discontinued operations    (2)(47)(57)
Net income available to common stockholders, diluted:201308276215187145113

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:201308276215187145113
Other comprehensive income (loss)14(11)(72)75(66)(98)(154)
Comprehensive income (loss), net of tax, attributable to parent:21629720429012248(40)

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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