Franklin Electric Co., Inc. (FELE) financial statements (2020 and earlier)

Company profile

Business Address 9255 COVERDALE ROAD
FORT WAYNE, IN 46809
State of Incorp. IN
Fiscal Year End December 31
SIC 3621 - Motors and Generators (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments64484154594170
Cash and cash equivalents64484154594170
Receivables173198221181173193207
Inventory, net of allowances, customer advances and progress billings300334352337314323329
Inventory300334352337314323329
Other current assets29383534343235
Total current assets:567618649606580590640
Noncurrent Assets
Operating lease, right-of-use asset282526 
Property, plant and equipment201198202203207206205
Intangible assets, net (including goodwill)387386381383384384359
Goodwill256253250250249250235
Intangible assets, net (excluding goodwill)131133131133135135123
Deferred income tax assets999 
Other noncurrent assets2233333
Other undisclosed noncurrent assets   35999
Total noncurrent assets:627619621623602602576
TOTAL ASSETS:1,1951,2371,2701,2291,1821,1921,216
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities154100102931448186
Accounts payable839510091777582
Accrued liabilities30   25  
Employee-related liabilities39   40  
Taxes payable3522264
Debt2281129132112123168
Other undisclosed current liabilities1077705906258
Total current liabilities:186257301284256266311
Noncurrent Liabilities
Long-term debt and lease obligation, including:93939494949495
Operating lease, liability181617 
Other undisclosed long-term debt and lease obligation75777794949495
Liabilities, other than long-term debt100939768676669
Deferred income tax liabilities282830 
Liability for uncertainty in income taxes12121111111013
Liability, pension and other postretirement and postemployment benefits38333737383638
Other liabilities22202020181917
Other undisclosed noncurrent liabilities18161747293025
Total noncurrent liabilities:211203208208190189189
Total liabilities:396460509492446455500
Temporary equity, carrying amount(0)(0)(0)0111
Stockholders' equity
Stockholders' equity attributable to parent797775759734734735713
Common stock5555555
Additional paid in capital270267265262258255247
Accumulated other comprehensive loss(190)(197)(183)(185)(183)(184)(174)
Retained earnings712700673653655658635
Stockholders' equity attributable to noncontrolling interest2222222
Total stockholders' equity:799777761736736736715
TOTAL LIABILITIES AND EQUITY:1,1951,2371,2701,2291,1821,1921,216

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues320348355291317342344
Cost of revenue
(Cost of Goods and Services Sold)
(219)(231)(236)(201)(212)(229)(228)
Gross profit:10111812090104113116
Operating expenses(73)(75)(76)(77)(76)(73)(76)
Operating income:29434412294040
Nonoperating income (expense)(4)2(1)12(2)(1)
Foreign currency transaction gain (loss), before tax(4)2(1)12(2)(1)
Other nonoperating income (expense)(0)(0)(0)0(0)(0)0
Interest and debt expense(2)(2)(2)(2)(2)(2)(3)
Other undisclosed loss from continuing operations before equity method investments, income taxes(0)   (0)  
Income from continuing operations before equity method investments, income taxes:23434111283637
Other undisclosed income from continuing operations before income taxes0   0  
Income from continuing operations before income taxes:23434111283637
Income tax expense(3)(8)(8)(1)(4)(6)(7)
Net income:2034339243030
Net income (loss) attributable to noncontrolling interest(0)(0)(0)(0)(0)00
Net income attributable to parent:2034339243030
Undistributed earnings (loss) allocated to participating securities, basic(0)(0)(0)(0)(0)(0)(0)
Other undisclosed net income (loss) available to common stockholders, basic0(0)(0)0 (0)0
Net income available to common stockholders, diluted:2034339243030

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:2034339243030
Other comprehensive income (loss)6(13)2(2)1(10)(32)
Comprehensive income (loss):26213572520(2)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(0)(0)(0)(0)00
Comprehensive income (loss), net of tax, attributable to parent:26213572520(2)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: