Ferro Corporation (FOE) Financial Statements (2024 and earlier)

Company Profile

Business Address 6060 PARKLAND BLVD
MAYFIELD HEIGHTS, OH 44124
State of Incorp. OH
Fiscal Year End December 31
Industry (SIC) 2851 - Paints, Varnishes, Lacquers, Enamels, and Allied Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

12/31/2021
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 investments174,07796,202104,30163,55145,58258,380
Cash and cash equivalents174,07796,202104,30163,55145,58258,380
Receivables209,280205,169398,025421,553297,501266,058
Inventory, net of allowances, customer advances and progress billings260,332264,622356,998324,180229,847184,854
Inventory260,332264,622356,998324,180229,847184,854
Disposal group, including discontinued operation 307,854294,803   16,215
Other undisclosed current assets18,26122,37323,96016,4489,08727,783
Total current assets:969,804883,169883,284825,732582,017553,290
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization1,410859✕✕✕✕
Operating lease, right-of-use asset15,44621,684✕✕✕✕
Property, plant and equipment315,330300,005381,341321,742262,026260,429
Long-term investments and receivables7,4008,0008,2007,60015,10016,000
Long-term investments7,4008,0008,2007,60015,10016,000
Intangible assets, net (including goodwill)294,851300,029401,417382,985286,146252,302
Goodwill175,351172,209216,464195,369148,296145,669
Intangible assets, net (excluding goodwill)119,500127,820184,953187,616137,850106,633
Regulated entity, other noncurrent assets3,7193,8864,8287,4513,7204,532
Disposal group, including discontinued operation, noncurrent assets 168,922158,999   23,178
Deferred income tax assets  ✕✕✕✕
Other undisclosed noncurrent assets184,051157,990133,390136,692134,760115,620
Total noncurrent assets:991,129951,452929,176856,470701,752672,061
TOTAL ASSETS:1,960,9331,834,6211,812,4601,682,2021,283,7691,225,351
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities162,462166,277296,562259,912163,514148,964
Employee-related liabilities27,16627,44739,98948,20135,85928,584
Accounts payable135,296138,830256,573211,711127,655120,380
Debt8,8398,70310,26025,13617,3107,446
Disposal group, including discontinued operation 107,545133,006   7,156
Other liabilities124,77073,75977,99570,15165,20354,664
Total current liabilities:403,616381,745384,817355,199246,027218,230
Noncurrent Liabilities
Long-term debt and lease obligation, including:791,509798,862811,137726,491557,175466,108
Capital lease obligations✕✕✕3,2844,1313,0063,787
Finance lease, liability2,2711,867✕✕✕✕
Other undisclosed long-term debt and lease obligation779,174781,669807,853722,360554,169462,321
Liabilities, other than long-term debt314,809283,352230,657243,832225,535216,732
Deferred income tax liabilities  14,866✕✕✕✕
Liability, pension and other postretirement and postemployment benefits181,610174,021173,046166,680162,941148,249
Disposal group, including discontinued operation, liabilities 71,14937,489   1,493
Other liabilities62,05056,97657,61177,15262,59466,990
Operating lease, liability10,06415,326✕✕✕✕
Other undisclosed noncurrent liabilities10,064460    
Total noncurrent liabilities:1,116,3821,082,6741,041,794970,323782,710682,840
Total liabilities:1,519,9981,464,4191,426,6111,325,5221,028,737901,070
Equity
Equity, attributable to parent429,967360,376376,631344,814247,113316,459
Common stock93,43693,43693,43693,43693,43693,436
Treasury stock, value(172,256)(180,243)(165,545)(147,056)(160,936)(166,020)
Additional paid in capital293,682294,543298,123302,158306,566314,854
Accumulated other comprehensive loss(89,710)(109,376)(105,361)(75,468)(106,643)(61,318)
Retained earnings304,815262,016255,978171,744114,690135,507
Equity, attributable to noncontrolling interest10,9689,8269,21811,8667,9197,822
Total equity:440,935370,202385,849356,680255,032324,281
TOTAL LIABILITIES AND EQUITY:1,960,9331,834,6211,812,4601,682,2021,283,7691,225,351

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues958,9541,018,3661,612,4081,396,7421,145,2921,075,341
Revenue, net✕✕✕✕1,396,7421,145,2921,075,341
Cost of revenue
(Cost of Goods and Services Sold)		(665,198)(709,550)(1,156,475)(980,521)(794,075)(773,661)
Gross profit:293,756308,816455,933416,221351,217301,680
Operating expenses(202,413)(212,702)(279,073)(255,055)(242,830)(217,969)
Operating income:91,34396,114176,860161,166108,38783,711
Nonoperating expense(1,719)(4,429)(4,487)(3,814)(8,385)(4,189)
Investment income, nonoperating1,9084,7373,7002,7404,521306
Loss, foreign currency transaction, before tax(3,627)(9,166)(8,187)(6,554)(12,906)(4,495)
Interest and debt expense(21,880)(24,302)(36,597)(31,659)(21,547)(15,163)
Income from continuing operations before equity method investments, income taxes:67,74467,383135,776125,69378,45564,359
Income (loss) from equity method investments   55(261)  
Other undisclosed income (loss) from continuing operations before income taxes(22,843)(23,872)(31,839)(14,914)(16,010)(9,576)
Income from continuing operations before income taxes:44,90143,511103,992110,51862,44554,783
Income tax expense (benefit)(14,861)(8,119)(23,046)(52,750)(17,868)45,100
Income from continuing operations:30,04035,39280,94657,76844,57799,883
Income (loss) before gain (loss) on sale of properties:44,0437,41580,94657,768(19,887)63,104
Income (loss) from discontinued operations14,003(27,977)  (64,464)(36,779)
Net income (loss):44,0437,41580,94657,768(19,887)63,104
Net income (loss) attributable to noncontrolling interest(1,244)(1,377)(853)(714)(930)996
Net income (loss) available to common stockholders, diluted:42,7996,03880,09357,054(20,817)64,100

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):44,0437,41580,94657,768(19,887)63,104
Other comprehensive income (loss)19,564(4,130)(30,394)31,527(45,656)(40,878)
Comprehensive income (loss):63,6073,28550,55289,295(65,543)22,226
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1,142)(1,262)(352)(1,066)(599)2,361
Comprehensive income (loss), net of tax, attributable to parent:62,4652,02350,20088,229(66,142)24,587

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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