Federal Signal Corporation (FSS) Financial Statements (2024 and earlier)

Company Profile

Business Address 1415 WEST 22ND STREET
OAK BROOK, IL 60523
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3711 - Motor Vehicles and Passenger Car Bodies (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments47,50040,50081,70031,60037,40037,500
Cash and cash equivalents47,50040,50081,70031,60037,40037,500
Receivables173,800136,000127,000134,200124,400118,200
Inventory, net of allowances, customer advances and progress billings292,700229,100185,000182,900157,300137,200
Inventory292,700229,100185,000182,900157,300137,200
Prepaid expense17,40025,40011,80012,0009,40010,900
Total current assets:531,400431,000405,500360,700328,500303,800
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization1,9002,000600 
Operating lease, right-of-use asset24,70029,80021,900 
Property, plant and equipment179,300141,900106,90091,90062,00060,100
Intangible assets, net (including goodwill)661,600637,900547,700551,700518,200529,100
Goodwill453,400432,200394,200388,800375,100377,300
Intangible assets, net (excluding goodwill)208,200205,700153,500162,900143,100151,800
Disposal group, including discontinued operation, noncurrent assets   200300400500
Deferred income tax assets8,8008,4009,500 
Deferred tax assets, net10,00012,5006,200
Other undisclosed noncurrent assets116,600115,100116,500150,900102,20092,600
Total noncurrent assets:992,900935,100803,300804,800695,300688,500
TOTAL ASSETS:1,524,3001,366,1001,208,8001,165,5001,023,800992,300
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities146,700139,100126,600159,500158,100109,800
Employee-related liabilities31,10029,90030,30031,10029,50022,200
Accounts payable72,40064,80051,60065,00066,10051,500
Accrued liabilities43,20044,40044,70063,40062,50036,100
Deferred revenue25,40021,90013,300 
Debt1,500600200200200300
Disposal group, including discontinued operation   100200200500
Customer advances and deposits6,500
Other undisclosed current liabilities6,9008,8008,200300300 
Total current liabilities:180,500170,400148,400160,200158,800117,100
Noncurrent Liabilities
Long-term debt and lease obligation, including:361,500282,200209,800220,300209,900277,400
Finance lease, liability1,3001,500400 
Other undisclosed long-term debt and lease obligation360,200258,600193,900220,300209,900277,400
Liabilities, other than long-term debt121,400107,400133,000121,800118,200131,700
Deferred tax liabilities, net52,70046,30045,400
Deferred income tax liabilities51,00053,20053,700 
Liability, pension and other postretirement and postemployment benefits38,90040,40054,00050,90054,60056,600
Disposal group, including discontinued operation, liabilities   8009001,4001,500
Other liabilities13,00013,80024,50017,30015,90028,200
Operating lease, liability18,50022,10015,500 
Other undisclosed noncurrent liabilities  22,10015,50021,6006,8008,700
Total noncurrent liabilities:482,900411,700358,300363,700334,900417,800
Total liabilities:663,400582,100506,700523,900493,700534,900
Equity
Equity, attributable to parent860,900784,000702,100641,600530,100457,400
Common stock69,50068,90067,80066,90066,40066,100
Treasury stock, value(178,600)(151,000)(119,800)(93,000)(88,500)(86,100)
Additional paid in capital271,800256,700240,800228,600217,000207,700
Accumulated other comprehensive loss(84,000)(74,200)(91,700)(89,100)(97,300)(76,900)
Retained earnings782,200683,600605,000528,200432,500346,600
Total equity:860,900784,000702,100641,600530,100457,400
TOTAL LIABILITIES AND EQUITY:1,524,3001,366,1001,208,8001,165,5001,023,800992,300

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,434,8001,213,2001,130,8001,221,3001,089,500898,500
Revenue, net898,500
Cost of revenue
(Cost of Goods and Services Sold)
(1,089,900)(924,500)(837,200)(898,500)(807,400)(677,300)
Gross profit:344,900288,700293,600322,800282,100221,200
Operating expenses(184,600)(160,100)(160,100)(173,200)(159,100)(145,300)
Other undisclosed operating income (loss)5002,100(2,100)(2,500)(1,500)(8,800)
Operating income:160,800130,700131,400147,100121,50067,100
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
5001,700(1,100)(600)(600)1,200
Interest and debt expense(10,400)(4,500)(5,700)(7,900)(9,300)(7,300)
Income from continuing operations before equity method investments, income taxes:150,900127,900124,600138,600111,60061,000
Other undisclosed loss from continuing operations before income taxes  (10,300)    
Income from continuing operations before income taxes:150,900117,600124,600138,600111,60061,000
Income tax expense(30,500)(17,000)(28,500)(30,200)(17,900)(500)
Income from continuing operations:120,400100,60096,100108,40093,70060,500
Income before gain (loss) on sale of properties:100,60096,100108,40093,70060,500
Net income:120,400100,60096,100108,40093,70060,500
Other undisclosed net income attributable to parent   1001003001,100
Net income available to common stockholders, diluted:120,400100,60096,200108,50094,00061,600

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:120,400100,60096,100108,40093,70060,500
Other comprehensive income (loss)3,100(1,200)6,000(1,900)600(1,300)
Comprehensive income:123,50099,400102,100106,50094,30059,200
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(12,900)18,700(8,500)10,200(10,100)17,500
Comprehensive income, net of tax, attributable to parent:110,600118,10093,600116,70084,20076,700

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: