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)

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 investments198427155158391298216
Cash and cash equivalents198427155158391298216
Receivables589635598631632644636
Inventory, net of allowances, customer advances and progress billings422461462449425430436
Inventory429461462449425430436
Progress payments netted against inventory for long-term contracts or programs(7)      
Disposal group, including discontinued operation28      
Other current assets57585245824448
Other undisclosed current assets7      
Total current assets:1,3011,5811,2671,2831,5301,4161,337
Noncurrent Assets
Finance lease, right-of-use asset9      
Operating lease, right-of-use asset151153158161165134135
Property, plant and equipment378380381384386374376
Intangible assets, net (including goodwill)2,0651,6851,6861,6631,6471,5251,546
Goodwill1,4551,2081,1971,1761,1671,1051,113
Intangible assets, net (excluding goodwill)610477489487480420434
Other noncurrent assets34302723373333
Other undisclosed noncurrent assets84132124117   
Total noncurrent assets:2,7212,3792,3752,3482,2342,0662,090
TOTAL ASSETS:4,0213,9603,6433,6313,7643,4823,427
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities348301308288394318321
Accounts payable201158172171222169174
Accrued liabilities140137129113165141138
Taxes payable7674889
Deferred revenue253268263252276256243
Debt100  0 0 
Disposal group, including discontinued operation10      
Other liabilities99989189747374
Total current liabilities:810666662629745648638
Noncurrent Liabilities
Long-term debt and lease obligation1,0911,1929721,047917889891
Long-term debt, excluding current maturities9581,059835906761761761
Finance lease, liability    111111
Operating lease, liability133133137141145117118
Liabilities, other than long-term debt332302295286259207207
Deferred income tax liabilities115959389   
Liability, pension and other postretirement and postemployment benefits989290901399597
Accrued environmental loss contingencies15151515151616
Other liabilities10310197931069694
Other undisclosed noncurrent liabilities    693838
Total noncurrent liabilities:1,4231,4941,2671,3331,2451,1331,136
Total liabilities:2,2342,1601,9291,9621,9901,7811,774
Stockholders' equity
Stockholders' equity attributable to parent1,7881,7991,7131,6701,7741,7011,652
Common stock49494949494949
Treasury stock, value(744)(684)(677)(665)(563)(557)(551)
Additional paid in capital123122118115116120117
Accumulated other comprehensive loss(311)(311)(343)(371)(325)(326)(302)
Retained earnings2,6702,6232,5662,5422,4972,4152,340
Total stockholders' equity:1,7881,7991,7131,6701,7741,7011,652
TOTAL LIABILITIES AND EQUITY:4,0213,9603,6433,6313,7643,4823,427

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
Revenues668572550601656615639
Cost of revenue(427)(359)(364)(401)(410)(389)(409)
Gross profit:242213186201246226230
Operating expenses(165)(128)(131)(128)(125)(121)(124)
Operating income:76855572121106106
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
35(4)6666
Interest and debt expense(10)(9)(9)(7)(8)(8)(8)
Income from continuing operations before income taxes:69814370119104104
Income tax expense(15)(16)(12)(19)(29)(21)(24)
Net income available to common stockholders, diluted:54653152898380

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:54653152898380
Other comprehensive income (loss)03228(46)1(23)2
Comprehensive income, net of tax, attributable to parent:5496596905982

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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