Ferro Corporation (FOE) Financial Statements (2025 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 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 148,754 | 143,717 | 128,428 | 174,077 | 64,495 | 62,031 | |||
| Cash and cash equivalent | 148,754 | 143,717 | 128,428 | 174,077 | 64,495 | 62,031 | |||
| Receivables | 223,264 | 226,615 | 215,724 | 209,280 | 217,983 | 205,262 | |||
| Inventory, net of allowances, customer advances and progress billings | 267,994 | 260,237 | 251,366 | 260,332 | 272,797 | 290,659 | |||
| Inventory | 267,994 | 260,237 | 251,366 | 260,332 | 272,797 | 290,659 | |||
| Disposal group, including discontinued operation | 307,854 | 285,229 | 279,576 | ||||||
| Other undisclosed current assets | 20,835 | 20,988 | 22,127 | 18,261 | 15,724 | 19,072 | |||
| Total current assets: | 660,847 | 651,557 | 617,645 | 969,804 | 856,228 | 856,600 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 1,410 | 1,189 | 795 | ||||||
| Operating lease, right-of-use asset | 13,387 | 13,817 | 14,694 | 15,446 | 14,246 | 15,042 | |||
| Property, plant and equipment | 326,982 | 332,197 | 328,403 | 315,330 | 303,291 | 296,290 | |||
| Long-term investments and receivables | 7,400 | ||||||||
| Long-term investments | 7,400 | ||||||||
| Intangible assets, net (including goodwill) | 283,017 | 286,550 | 288,545 | 294,851 | 293,899 | 293,569 | |||
| Goodwill | 172,968 | 174,005 | 173,493 | 175,351 | 173,241 | 171,545 | |||
| Intangible assets, net (excluding goodwill) | 110,049 | 112,545 | 115,052 | 119,500 | 120,658 | 122,024 | |||
| Regulated entity, other noncurrent assets | 3,719 | ||||||||
| Disposal group, including discontinued operation, noncurrent assets | 168,922 | 163,103 | 157,389 | ||||||
| Deferred income tax assets | 108,426 | 110,735 | 112,771 | ||||||
| Other undisclosed noncurrent assets | 26,604 | 25,825 | 26,921 | 184,051 | 190,552 | 175,530 | |||
| Total noncurrent assets: | 758,416 | 769,124 | 771,334 | 991,129 | 966,280 | 938,615 | |||
| TOTAL ASSETS: | 1,419,263 | 1,420,681 | 1,388,979 | 1,960,933 | 1,822,508 | 1,795,215 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 166,168 | 164,669 | 149,833 | 162,462 | 122,934 | 145,655 | |||
| Employee-related liabilities | 38,642 | 28,366 | 24,670 | 27,166 | 30,232 | 27,799 | |||
| Accounts payable | 127,526 | 136,303 | 125,163 | 135,296 | 92,702 | 117,856 | |||
| Debt | 8,888 | 8,871 | 13,393 | 8,839 | 8,764 | 20,379 | |||
| Disposal group, including discontinued operation | 107,545 | 89,481 | 103,466 | ||||||
| Other liabilities | 147,456 | 150,463 | 146,285 | 124,770 | 103,344 | 76,685 | |||
| Total current liabilities: | 322,512 | 324,003 | 309,511 | 403,616 | 324,523 | 346,185 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 352,695 | 354,729 | 356,547 | 791,509 | 798,775 | 810,793 | |||
| Finance lease, liability | 2,271 | 2,046 | 1,780 | ||||||
| Other undisclosed long-term debt and lease obligation | 344,071 | 346,141 | 347,416 | 779,174 | 787,729 | 799,297 | |||
| Liabilities, other than long-term debt | 213,430 | 221,069 | 221,518 | 314,809 | 299,302 | 267,866 | |||
| Liability, pension and other postretirement and postemployment benefits | 161,548 | 165,951 | 167,783 | 181,610 | 170,467 | 168,643 | |||
| Disposal group, including discontinued operation, liabilities | 71,149 | 69,535 | 39,186 | ||||||
| Other liabilities | 51,882 | 55,118 | 53,735 | 62,050 | 59,300 | 60,037 | |||
| Operating lease, liability | 8,624 | 8,588 | 9,131 | 10,064 | 9,000 | 9,716 | |||
| Other undisclosed noncurrent liabilities | 8,624 | 8,588 | 9,131 | 10,064 | 9,000 | 9,716 | |||
| Total noncurrent liabilities: | 574,749 | 584,386 | 587,196 | 1,116,382 | 1,107,077 | 1,088,375 | |||
| Total liabilities: | 897,261 | 908,389 | 896,707 | 1,519,998 | 1,431,600 | 1,434,560 | |||
| Equity | |||||||||
| Equity, attributable to parent | 512,781 | 504,006 | 483,829 | 429,967 | 380,629 | 350,573 | |||
| Common stock | 93,436 | 93,436 | 93,436 | 93,436 | 93,436 | 93,436 | |||
| Treasury stock, value | (165,008) | (165,689) | (167,102) | (172,256) | (173,945) | (174,752) | |||
| Additional paid in capital | 289,899 | 289,285 | 288,538 | 293,682 | 294,077 | 293,645 | |||
| Accumulated other comprehensive loss | (144,208) | (141,313) | (143,821) | (89,710) | (120,012) | (134,355) | |||
| Retained earnings | 438,662 | 428,287 | 412,778 | 304,815 | 287,073 | 272,599 | |||
| Equity, attributable to noncontrolling interest | 9,221 | 8,286 | 8,443 | 10,968 | 10,279 | 10,082 | |||
| Total equity: | 522,002 | 512,292 | 492,272 | 440,935 | 390,908 | 360,655 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,419,263 | 1,420,681 | 1,388,979 | 1,960,933 | 1,822,508 | 1,795,215 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 277,228 | 294,331 | 288,358 | 259,950 | 241,877 | 204,801 | ||
| Cost of revenue (Cost of Product and Service Sold) | (193,850) | (199,496) | (193,255) | (180,842) | (171,711) | (141,057) | ||
| Gross profit: | 83,378 | 94,835 | 95,103 | 79,108 | 70,166 | 63,744 | ||
| Operating expenses | (54,520) | (59,026) | (53,838) | (48,006) | (47,820) | (50,541) | ||
| Operating income: | 28,858 | 35,809 | 41,265 | 31,102 | 22,346 | 13,203 | ||
| Nonoperating expense | (338) | (3,157) | (561) | (1,476) | (976) | (836) | ||
| Investment income, nonoperating | 88 | 52 | 597 | 873 | 474 | 307 | ||
| Loss, foreign currency transaction, before tax | (426) | (3,209) | (1,158) | (2,349) | (1,450) | (1,143) | ||
| Interest and debt expense | (5,436) | (5,006) | (11,418) | (5,406) | (4,767) | (6,177) | ||
| Income from continuing operations before equity method investments, income taxes: | 23,084 | 27,646 | 29,286 | 24,220 | 16,603 | 6,190 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 2,395 | (1,717) | (3,084) | (13,216) | (2,009) | (7,916) | ||
| Income (loss) from continuing operations before income taxes: | 25,479 | 25,929 | 26,202 | 11,004 | 14,594 | (1,726) | ||
| Income tax expense | (13,800) | (8,502) | (7,644) | (4,497) | (5,047) | (200) | ||
| Income (loss) from continuing operations: | 11,679 | 17,427 | 18,558 | 6,507 | 9,547 | (1,926) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | 10,857 | 15,891 | 108,400 | 18,160 | 14,914 | (5,164) | |
| Income (loss) from discontinued operations | (822) | (1,536) | 89,842 | 11,653 | 5,367 | (3,238) | ||
| Net income (loss): | 10,857 | 15,891 | 108,400 | 18,160 | 14,914 | (5,164) | ||
| Net loss attributable to noncontrolling interest | (482) | (382) | (437) | (418) | (440) | (376) | ||
| Net income (loss) available to common stockholders, diluted: | 10,375 | 15,509 | 107,963 | 17,742 | 14,474 | (5,540) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | 9/30/2020 Q3 | 6/30/2020 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 10,857 | 15,891 | 108,400 | 18,160 | 14,914 | (5,164) | ||
| Other comprehensive income (loss) | (2,442) | 1,969 | (54,185) | 30,573 | 14,100 | 2,297 | ||
| Comprehensive income (loss): | 8,415 | 17,860 | 54,215 | 48,733 | 29,014 | (2,867) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (935) | 157 | (363) | (689) | (197) | (340) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 7,480 | 18,017 | 53,852 | 48,044 | 28,817 | (3,207) | ||
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.