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 | 298 | 285 | 512 | 519 | 361 | 473 | |||
| Cash and cash equivalents | 298 | 285 | 512 | 519 | 361 | 473 | |||
| Receivables | 354 | 319 | 324 | 347 | 352 | 326 | |||
| Inventory, net of allowances, customer advances and progress billings | 472 | 389 | 352 | 372 | 371 | 393 | |||
| Inventory | 472 | 389 | 352 | 372 | 371 | 393 | |||
| Disposal group, including discontinued operation | 2 | 67 | |||||||
| Other undisclosed current assets | 105 | 117 | 103 | 82 | 80 | 96 | |||
| Total current assets: | 1,228 | 1,109 | 1,293 | 1,387 | 1,165 | 1,288 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 268 | 256 | 247 | 264 | 272 | 273 | |||
| Long-term investments and receivables | 3 | 3 | 5 | ||||||
| Long-term investments | 3 | 3 | 5 | ||||||
| Intangible assets, net (including goodwill) | 1,604 | 1,612 | 1,051 | 1,078 | 970 | 738 | |||
| Goodwill | 1,394 | 1,365 | 905 | 910 | 801 | 596 | |||
| Intangible assets, net (excluding goodwill) | 210 | 248 | 147 | 168 | 168 | 141 | |||
| Deferred income tax assets | 36 | 40 | ✕ | ✕ | ✕ | ✕ | |||
| Other noncurrent assets | 116 | 121 | 89 | 60 | 168 | 53 | |||
| Other undisclosed noncurrent assets | 101 | 18 | 42 | (5) | |||||
| Total noncurrent assets: | 2,024 | 2,029 | 1,489 | 1,423 | 1,455 | 1,063 | |||
| Other undisclosed assets | 55 | ||||||||
| TOTAL ASSETS: | 3,252 | 3,138 | 2,781 | 2,810 | 2,620 | 2,406 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 327 | 286 | 232 | 279 | 252 | 235 | |||
| Taxes payable | 29 | 15 | 14 | 64 | 51 | 0 | |||
| Employee-related liabilities | 99 | 72 | 81 | 71 | 53 | 55 | |||
| Accounts payable | 158 | 158 | 95 | 106 | 114 | 140 | |||
| Accrued liabilities | 41 | 41 | 42 | 37 | 34 | 41 | |||
| Deferred revenue | 29 | ✕ | ✕ | ✕ | ✕ | ||||
| Debt | 13 | 12 | 15 | 265 | |||||
| Disposal group, including discontinued operation | 40 | ||||||||
| Other liabilities | 44 | 27 | 16 | 15 | 17 | 6 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 26 | 34 | 32 | ||
| Customer advances and deposits | ✕ | ✕ | ✕ | ✕ | 21 | 26 | 34 | ||
| Other undisclosed current liabilities | 54 | 59 | 68 | 15 | 17 | 13 | |||
| Total current liabilities: | 438 | 413 | 316 | 395 | 362 | 585 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 725 | 648 | 422 | 421 | 502 | 94 | |||
| Long-term debt, excluding current maturities | 725 | 648 | 422 | 421 | 502 | 94 | |||
| Liabilities, other than long-term debt | 206 | 205 | 164 | 154 | 87 | 78 | |||
| Accounts payable and accrued liabilities | 60 | 56 | 80 | 91 | 10 | 10 | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | 14 | ✕ | ✕ | ✕ | ||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 4 | |||||
| Deferred income tax liabilities | 44 | 54 | ✕ | ✕ | ✕ | ✕ | |||
| Liability, pension and other postretirement and postemployment benefits | 3 | 4 | 11 | ||||||
| Other liabilities | 102 | 96 | 67 | 60 | 66 | 64 | |||
| Total noncurrent liabilities: | 931 | 853 | 586 | 575 | 588 | 172 | |||
| Total liabilities: | 1,369 | 1,266 | 902 | 970 | 950 | 757 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,883 | 1,871 | 1,877 | 1,835 | 1,678 | 1,650 | |||
| Treasury stock, value | (8) | ||||||||
| Accumulated other comprehensive loss | (158) | (166) | (149) | (113) | (166) | (125) | |||
| Retained earnings | 2,017 | 2,021 | 2,025 | 1,857 | 1,832 | 1,773 | |||
| Other undisclosed equity, attributable to parent | 32 | 17 | 1 | 91 | 12 | 1 | |||
| Total equity: | 1,883 | 1,871 | 1,877 | 1,835 | 1,678 | 1,650 | |||
| Other undisclosed liabilities and equity | 2 | 6 | (9) | ||||||
| TOTAL LIABILITIES AND EQUITY: | 3,252 | 3,138 | 2,781 | 2,810 | 2,620 | 2,406 | |||
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 | 1,924 | 1,887 | 1,776 | 1,800 | 1,662 | 1,557 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 1,800 | 1,662 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (977) | (958) | (875) | (942) | (895) | (804) | ||
| Gross profit: | 947 | 930 | 900 | 859 | 767 | 754 | ||
| Operating expenses | (630) | (656) | (582) | (569) | (471) | (448) | ||
| Operating income: | 317 | 273 | 319 | 290 | 296 | 306 | ||
| Nonoperating income (expense) | 4 | (4) | 5 | 6 | (2) | 14 | ||
| Investment income, nonoperating | 1 | 3 | 4 | 2 | 1 | 1 | ||
| Other nonoperating income (expense) | 4 | (6) | 1 | 4 | (3) | 13 | ||
| Interest and debt expense | (36) | (28) | (16) | (17) | (18) | (14) | ||
| Income from continuing operations before income taxes: | 285 | 242 | 307 | 279 | 276 | 305 | ||
| Income tax expense | (72) | (70) | (25) | (172) | (109) | (64) | ||
| Income from continuing operations: | 213 | 172 | 282 | 107 | 167 | 242 | ||
| Income before gain (loss) on sale of properties: | ✕ | 213 | 172 | 282 | 107 | 167 | 242 | |
| Net income available to common stockholders, diluted: | 213 | 172 | 282 | 107 | 167 | 242 | ||
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: | 213 | 172 | 282 | 107 | 167 | 242 | ||
| Other comprehensive income (loss) | (36) | 53 | (41) | (62) | ||||
| Comprehensive income: | 213 | 172 | 247 | 160 | 126 | 180 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 8 | (17) | ||||||
| Comprehensive income, net of tax, attributable to parent: | 221 | 155 | 247 | 160 | 126 | 180 | ||
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.