Ferro Corporation (FOE) financial statements (2021 and earlier)

Company profile

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

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments17464624396  
Cash and cash equivalents17464624396  
Receivables209218205214205411429
Inventory, net of allowances, customer advances and progress billings260273291266265358372
Inventory260273291266265358372
Disposal group, including discontinued operation308285280289295  
Other undisclosed current assets18161917227574
Total current assets:970856857830883844876
Noncurrent Assets
Finance lease, right-of-use asset1111122
Operating lease, right-of-use asset15141517222325
Property, plant and equipment315303296296300383389
Long-term investments and receivables7   8  
Long-term investments7   8  
Intangible assets, net (including goodwill)295294294295300374386
Goodwill175173172171172204210
Intangible assets, net (excluding goodwill)120121122124128170176
Regulated entity, other noncurrent assets4   4  
Disposal group, including discontinued operation, noncurrent assets169163157155159  
Other undisclosed noncurrent assets184191176178158157147
Total noncurrent assets:991966939942951939949
TOTAL ASSETS:1,9611,8231,7951,7721,8351,7831,825
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities162123146133166213228
Accounts payable13593118105139178192
Employee-related liabilities27302828273536
Debt9920991818
Disposal group, including discontinued operation10889103122133  
Other liabilities1251037772749193
Total current liabilities:404325346336382323339
Noncurrent Liabilities
Long-term debt and lease obligation, including:792799811797799843866
Long-term debt, excluding current maturities     828850
Finance lease, liability22222  
Operating lease, liability1091012151516
Other undisclosed long-term debt and lease obligation779788799783782  
Liabilities, other than long-term debt315299268266283231235
Deferred income tax liabilities    15  
Liability, pension and other postretirement and postemployment benefits182170169168174168172
Disposal group, including discontinued operation, liabilities7170393837  
Other liabilities62596060576263
Other undisclosed noncurrent liabilities10910120  
Total noncurrent liabilities:1,1161,1071,0881,0751,0831,0731,101
Total liabilities:1,5201,4321,4351,4101,4641,3961,440
Stockholders' equity
Stockholders' equity attributable to parent430381351352360378376
Common stock93939393939393
Treasury stock, value(172)(174)(175)(175)(180)(181)(182)
Additional paid in capital294294294292295294294
Accumulated other comprehensive loss(90)(120)(134)(137)(109)(122)(110)
Retained earnings305287273278262293280
Stockholders' equity attributable to noncontrolling interest111010101099
Total stockholders' equity:441391361362370387385
TOTAL LIABILITIES AND EQUITY:1,9611,8231,7951,7721,8351,7831,825

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues260242205252(129)366394
Cost of revenue
(Cost of Goods and Services Sold)
(181)(172)(141)(172)127(265)(286)
Gross profit:79706481(2)100108
Operating expenses(48)(48)(51)(56)(1)(68)(72)
Operating income (loss):31221325(3)3337
Nonoperating income (expense)(1)(1)(1)21(3)(1)
Investment income, nonoperating1000400
Foreign currency transaction gain (loss), before tax(2)(1)(1)1(4)(3)(1)
Interest and debt expense(5)(5)(6)(6)1(8)(9)
Income (loss) from continuing operations before equity method investments, income taxes:2417621(1)2127
Other undisclosed income (loss) from continuing operations before income taxes(13)(2)(8)0(7)(4)(11)
Income (loss) from continuing operations before income taxes:1115(2)21(8)1716
Income tax expense (benefit)(4)(5)(0)(5)5(4)(5)
Income (loss) from continuing operations:710(2)16(3)1311
Income (loss) from discontinued operations125(3)0   
Other undisclosed loss before gain (loss) on sale of properties    (28)  
Net income (loss):1815(5)16(31)1311
Net loss attributable to noncontrolling interest(0)(0)(0)(0)(0)(0)(0)
Net income (loss) available to common stockholders, diluted:1814(6)16(31)1311

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):1815(5)16(31)1311
Other comprehensive income (loss)31142(27)13(13)(3)
Comprehensive income (loss):4929(3)(11)(18)18
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)(0)(0)0(1)(0)(0)
Comprehensive income (loss), net of tax, attributable to parent:4829(3)(11)(19)08

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.

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