GCP Applied Technologies Inc. (GCP) financial statements (2022 and earlier)

Company profile

Business Address 62 WHITTEMORE AVENUE
CAMBRIDGE, MA 02140
State of Incorp. DE
Fiscal Year End December 31
SIC 28 - Chemicals And Allied Products (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments501483325326722163
Cash and cash equivalents501483325326722163
Receivables162169184199217217
Inventory, net of allowances, customer advances and progress billings1319896111106122
Inventory1319896111106122
Disposal group, including discontinued operation22  320 
Other current assets464144454952
Total current assets:8627926486831,113554
Noncurrent Assets
Operating lease, right-of-use asset 40 
Property, plant and equipment213226245225217232
Intangible assets, net (including goodwill)254286290297290172
Goodwill206215209208198119
Intangible assets, net (excluding goodwill)497181899253
Disposal group, including discontinued operation, noncurrent assets  113 
Deferred income tax assets 10 
Other noncurrent assets1183538282427
Defined benefit plan, assets for plan benefits21
Other undisclosed noncurrent assets 3080485783
Total noncurrent assets:585626654599590536
TOTAL ASSETS:1,4471,4181,3021,2821,7031,090
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1028888121135123
Accounts payable1028888121135123
Debt233112448
Disposal group, including discontinued operation3   8 
Other liabilities125126114146316141
Other undisclosed current liabilities 88   
Total current liabilities:232224213278483312
Noncurrent Liabilities
Long-term debt and lease obligation, including:349375347346520783
Long-term debt, excluding current maturities 349347346520783
Operating lease, liability 26 
Other undisclosed long-term debt and lease obligation349     
Liabilities, other than long-term debt170136167165193125
Accounts payable and accrued liabilities  413858 
Deferred income tax liabilities 15 
Liability for uncertainty in income taxes414142634210
Liability, pension and other postretirement and postemployment benefits576368485798
Disposal group, including discontinued operation, liabilities   00 
Other liabilities721716163518
Other undisclosed noncurrent liabilities24283512159
Total noncurrent liabilities:543539548523728917
Total liabilities:7757647618011,2111,229
Stockholders' equity
Stockholders' equity attributable to parent669652539479490(143)
Common stock111111
Treasury stock, value(14)(11)(9)(5)(3)(2)
Additional paid in capital806253403011
Accumulated other comprehensive loss(129)(111)(117)(120)(86)(148)
Retained earnings (accumulated deficit)732710610564549(5)
Stockholders' equity attributable to noncontrolling interest322224
Total stockholders' equity:672654541481492(139)
TOTAL LIABILITIES AND EQUITY:1,4471,4181,3021,2821,7031,090

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues9709031,0141,1251,0841,356
Revenue, net1,0841,356
Cost of revenue
(Cost of Goods and Services Sold)
(626)(545)(630)(716)(667)(827)
Gross profit:344358383410417529
Operating expenses(310)(220)(349)(399)(445)(423)
Operating income (loss):341383411(28)106
Interest and debt expense(23)(22)(23)(92)(70)(66)
Income (loss) from continuing operations before equity method investments, income taxes:1111612(82)(99)40
Other undisclosed income from continuing operations before income taxes232223927066
Income (loss) from continuing operations before income taxes:341383411(28)106
Income tax expense (benefit)(12)(37)7(26)(82)(32)
Income (loss) from continuing operations:2210141(16)(110)74
Income (loss) from discontinued operations(0)(0)631664 
Net income:22101471655474
Net loss attributable to noncontrolling interest(0)(1)(0)(0)(1)(1)
Net income available to common stockholders, diluted:21100461555373

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:22101471655474
Other comprehensive income (loss)(19)73(34)62(20)
Comprehensive income (loss):310750(19)61654
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)(1)(0)(0)(1)(1)
Comprehensive income (loss), net of tax, attributable to parent:210749(19)61553

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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