Fortrea Holdings Inc. (FTRE) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
8 MOORE DRIVE DURHAM, NC 27709 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 8071 - Medical Laboratories (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 3/31/2024 MRQ | 12/31/2023 | |||
|---|---|---|---|---|
| ASSETS | ||||
| Current Assets | ||||
| Cash, cash equivalents, and short-term investments | 109 | |||
| Cash and cash equivalents | 109 | |||
| Receivables | 471 | |||
| Prepaid expense | 35 | |||
| Disposal group, including discontinued operation | ||||
| Other current assets | 35 | |||
| Other undisclosed current assets | 603 | |||
| Total current assets: | 1,253 | |||
| Noncurrent Assets | ||||
| Operating lease, right-of-use asset | 78 | |||
| Intangible assets, net (including goodwill) | 2,801 | |||
| Goodwill | 2,029 | |||
| Intangible assets, net (excluding goodwill) | 771 | |||
| Disposal group, including discontinued operation, noncurrent assets | ||||
| Deferred income tax assets | 3 | |||
| Other noncurrent assets | 80 | |||
| Other undisclosed noncurrent assets | 143 | |||
| Total noncurrent assets: | 3,104 | |||
| TOTAL ASSETS: | 4,357 | |||
| LIABILITIES AND EQUITY | ||||
| Liabilities | ||||
| Current Liabilities | ||||
| Accounts payable and accrued liabilities | 489 | |||
| Accounts payable | 133 | |||
| Accrued liabilities | 356 | |||
| Deferred revenue | 241 | |||
| Debt | 26 | |||
| Restructuring reserve | 2 | |||
| Disposal group, including discontinued operation | ||||
| Other undisclosed current liabilities | 17 | |||
| Total current liabilities: | 776 | |||
| Noncurrent Liabilities | ||||
| Long-term debt and lease obligation | 1,566 | |||
| Long-term debt, excluding current maturities | 1,566 | |||
| Liabilities, other than long-term debt | 130 | |||
| Restructuring reserve | 3 | |||
| Disposal group, including discontinued operation, liabilities | ||||
| Other liabilities | 61 | |||
| Operating lease, liability | 67 | |||
| Other undisclosed noncurrent liabilities | 146 | |||
| Total noncurrent liabilities: | 1,843 | |||
| Total liabilities: | 2,618 | |||
| Equity | ||||
| Equity, attributable to parent | 1,739 | |||
| Common stock | 0 | |||
| Additional paid in capital | 2,006 | |||
| Accumulated other comprehensive loss | (218) | |||
| Accumulated deficit | (49) | |||
| Total equity: | 1,739 | |||
| TOTAL LIABILITIES AND EQUITY: | 4,357 | |||
Income Statement (P&L) ($ in millions)
| 3/31/2024 TTM | 12/31/2023 | ||
|---|---|---|---|
| Revenues | 3,109 | ||
| Cost of revenue | (2,593) | ||
| Cost of goods and services sold | (2,589) | ||
| Gross profit: | 516 | ||
| Operating expenses | (453) | ||
| Operating income (loss): | 63 | ||
| Nonoperating income | 8 | ||
| Other nonoperating income | 7 | ||
| Interest and debt expense | (70) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 1 | ||
| Other undisclosed loss from continuing operations before income taxes | |||
| Income (loss) from continuing operations before income taxes: | 1 | ||
| Income tax expense | (5) | ||
| Net loss: | (3) | ||
| Other undisclosed net loss attributable to parent | |||
| Net loss available to common stockholders, diluted: | (3) | ||
Comprehensive Income ($ in millions)
| 3/31/2024 TTM | 12/31/2023 | ||
|---|---|---|---|
| Net loss: | (3) | ||
| Other comprehensive income (loss) | 1 | ||
| Comprehensive loss: | (2) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 56 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 54 | ||
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.