Curtiss-Wright Corporation (CW) Financial Statements (2025 and earlier)

Company Profile

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

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

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments   171198391276
Cash and cash equivalent   171198391276
Receivables733725647589632594
Inventory, net of allowances, customer advances and progress billings508480406422425423
Inventory510483412429425423
Progress payments netted against inventory for long-term contracts or programs (2)(3)(5)(7)  
Disposal group, including discontinued operation   1128  
Other current assets685367578251
Other undisclosed current assets40926057  
Total current assets:1,7171,5171,3081,3011,5301,344
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization6789 
Operating lease, right-of-use asset141154144151165
Property, plant and equipment333343360378386375
Intangible assets, net (including goodwill)2,1162,1662,0012,0651,6471,518
Goodwill1,5591,5451,4631,4551,1671,088
Intangible assets, net (excluding goodwill)558621538610480430
Other noncurrent assets514835343719
Other undisclosed noncurrent assets25621624884  
Total noncurrent assets:2,9042,9322,7962,7212,2341,911
TOTAL ASSETS:4,6214,4504,1044,0213,7643,255
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities432444359348394406
Taxes payable3786
Accounts payable244267212201222233
Accrued liabilities188178144140165167
Deferred revenue304242260253276
Debt 203 100 0
Disposal group, including discontinued operation   1310  
Other liabilities7182103997445
Other undisclosed current liabilities      237
Total current liabilities:807971735810745687
Noncurrent Liabilities
Long-term debt and lease obligation1,0501,0521,1781,091917762
Long-term debt, excluding current maturities1,0501,0521,051958761762
Finance lease, liability     11
Liabilities, other than long-term debt436434364332259275
Deferred tax liabilities, net47
Deferred income tax liabilities132123147115 
Liability, pension and other postretirement and postemployment benefits67589198139101
Accrued environmental loss contingencies 131314151516
Other liabilities105108112103106111
Operating lease, liability119132127133145
Other undisclosed noncurrent liabilities     69 
Total noncurrent liabilities:1,4861,4861,5421,4231,2451,037
Total liabilities:2,2932,4572,2772,2341,9901,725
Equity
Equity, attributable to parent2,3281,9921,8261,7881,7741,531
Common stock494949494949
Treasury stock, value(1,135)(1,107)(1,068)(744)(563)(540)
Additional paid in capital140135127123116118
Accumulated other comprehensive loss(213)(259)(190)(311)(325)(288)
Retained earnings3,4883,1742,9092,6702,4972,191
Total equity:2,3281,9921,8261,7881,7741,531
TOTAL LIABILITIES AND EQUITY:4,6214,4504,1044,0213,7643,255

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

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues2,8452,5572,5062,3912,4882,412
Cost of revenue(1,778)(1,602)(1,573)(1,550)(1,589)(1,541)
Cost of product and service sold(1,778)(1,602)(1,573)(9)  
Gross profit:1,067955933841899871
Operating expenses(583)(531)(551)(552)(495)(498)
Operating income:485423383289404374
Nonoperating income
(Other Nonoperating income)
301312102417
Interest and debt expense(51)(47)(40)(36)(31)(34)
Income from continuing operations before income taxes:463389355263396356
Income tax expense(109)(95)(87)(62)(89)(80)
Income from continuing operations:355294267201308276
Income before gain (loss) on sale of properties:267201308276
Net income available to common stockholders, diluted:355294267201308276

Comprehensive Income ($ in millions)

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:355294267201308276
Other comprehensive income (loss)46(68)12014(11)(72)
Comprehensive income, net of tax, attributable to parent:400226388216297204

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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