FLIR Systems, Inc. (FLIR) Financial Statements (2024 and earlier)

Company Profile

Business Address 27700 SW PARKWAY AVENUE
WILSONVILLE, OR 97070
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3812 - Search, Detection, Navigation, Guidance, Aeronautical, and Nautical Systems and Instruments (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2021
MRQ
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 298285512519361473
Cash and cash equivalents 298285512519361473
Receivables 354319324347352326
Inventory, net of allowances, customer advances and progress billings 472389352372371393
Inventory 472389352372371393
Disposal group, including discontinued operation   267  
Other undisclosed current assets 105117103828096
Total current assets: 1,2281,1091,2931,3871,1651,288
Noncurrent Assets
Property, plant and equipment 268256247264272273
Long-term investments and receivables    335
Long-term investments    335
Intangible assets, net (including goodwill) 1,6041,6121,0511,078970738
Goodwill 1,3941,365905910801596
Intangible assets, net (excluding goodwill) 210248147168168141
Deferred income tax assets 3640
Other noncurrent assets 116121896016853
Other undisclosed noncurrent assets   1011842(5)
Total noncurrent assets: 2,0242,0291,4891,4231,4551,063
Other undisclosed assets      55
TOTAL ASSETS: 3,2523,1382,7812,8102,6202,406
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 327286232279252235
Taxes payable 29151464510
Employee-related liabilities 997281715355
Accounts payable 15815895106114140
Accrued liabilities 414142373441
Deferred revenue  29
Debt 1312  15265
Disposal group, including discontinued operation    40  
Deferred revenue and credits263432
Customer advances and deposits212634
Other liabilities 44271615176
Other undisclosed current liabilities 545968151713
Total current liabilities: 438413316395362585
Noncurrent Liabilities
Long-term debt and lease obligation 72564842242150294
Long-term debt, excluding current maturities 72564842242150294
Liabilities, other than long-term debt 2062051641548778
Accounts payable and accrued liabilities 605680911010
Contract with customer, liability14
Deferred tax liabilities, net   4
Deferred income tax liabilities 4454
Liability, pension and other postretirement and postemployment benefits   3411 
Other liabilities 1029667606664
Total noncurrent liabilities: 931853586575588172
Total liabilities: 1,3691,266902970950757
Equity
Equity, attributable to parent, including: 1,8831,8711,8771,8351,6781,650
Treasury stock, value (8)     
Accumulated other comprehensive loss (158)(166)(149)(113)(166)(125)
Retained earnings 2,0172,0212,0251,8571,8321,773
Other undisclosed equity, attributable to parent 3217191121
Total equity: 1,8831,8711,8771,8351,6781,650
Other undisclosed liabilities and equity   26(9) 
TOTAL LIABILITIES AND EQUITY: 3,2523,1382,7812,8102,6202,406

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

3/31/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 1,9241,8871,7761,8001,6621,557
Revenue, net1,8001,662 
Cost of revenue
(Cost of Goods and Services Sold)
 (977)(958)(875)(942)(895)(804)
Gross profit: 947930900859767754
Operating expenses (630)(656)(582)(569)(471)(448)
Operating income: 317273319290296306
Nonoperating income (expense) 4(4)56(2)14
Investment income, nonoperating 134211
Other nonoperating income (expense) 4(6)14(3)13
Interest and debt expense (36)(28)(16)(17)(18)(14)
Income from continuing operations before income taxes: 285242307279276305
Income tax expense (72)(70)(25)(172)(109)(64)
Income from continuing operations: 213172282107167242
Income before gain (loss) on sale of properties:213172282107167242
Net income available to common stockholders, diluted: 213172282107167242

Comprehensive Income ($ in millions)

3/31/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income: 213172282107167242
Other comprehensive income (loss)   (36)53(41)(62)
Comprehensive income: 213172247160126180
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 8(17)    
Comprehensive income, net of tax, attributable to parent: 221155247160126180

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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