The Goodyear Tire & Rubber Company (GT) Financial Statements (2024 and earlier)

Company Profile

Business Address 200 INNOVATION WAY
AKRON, OH 44316
State of Incorp. OH
Fiscal Year End December 31
Industry (SIC) 3011 - Tires and Inner Tubes (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
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 investments1,2271,0881,5399088011,043
Cash and cash equivalents1,2271,0881,5399088011,043
Receivables2,6102,3871,6911,9412,0302,025
Inventory, net of allowances, customer advances and progress billings4,5713,5942,1532,8512,8562,787
Inventory4,5713,5942,1532,8512,8562,787
Other undisclosed current assets257262237234238224
Total current assets:8,6657,3315,6205,9345,9256,079
Noncurrent Assets
Operating lease, right-of-use asset976981851855
Property, plant and equipment19,36919,17517,79517,4207,2597,451
Intangible assets, net (including goodwill)2,0182,043543702705734
Goodwill1,0141,004408565569595
Intangible assets, net (excluding goodwill)1,0041,039135137136139
Deferred income tax assets1,4431,5961,4671,527
Other noncurrent assets1,0351,1069529591,136792
Other undisclosed noncurrent assets(11,075)(10,830)(10,722)(10,212)1,8472,008
Total noncurrent assets:13,76614,07110,88611,25110,94710,985
TOTAL ASSETS:22,43121,40216,50617,18516,87217,064
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,4464,8373,4853,4443,3913,346
Employee-related liabilities689540536471539
Accounts payable4,8034,1482,9452,9082,9202,807
Accrued liabilities643     
Deferred revenue19232323
Debt623749558910  
Accrued environmental loss contingencies20211613  
Other liabilities8728228657347371,026
Other undisclosed current liabilities160160159163653653
Total current liabilities:7,1406,6125,1065,2874,7815,025
Noncurrent Liabilities
Long-term debt and lease obligation, including:7,2676,6485,4324,7535,1105,076
Finance lease, liability 247237232243
Other undisclosed long-term debt and lease obligation7,0205,5924,5163,8425,1105,076
Liabilities, other than long-term debt2,5582,1602,0521,9631,8552,013
Deferred revenue  212731
Contract with customer, liability39
Deferred income tax liabilities1341358490
Liability, pension and other postretirement and postemployment benefits9981,4451,4701,3341,3451,515
Other liabilities605559471508471498
Operating lease, liability821819684668
Other undisclosed noncurrent liabilities  79865763756100
Total noncurrent liabilities:9,8259,6068,1417,3537,0217,189
Total liabilities:16,96516,21813,24712,64011,80212,214
Equity
Equity, attributable to parent, including:5,3004,9993,0784,3514,8644,603
Additional paid in capital3,1173,1072,1712,1412,1112,295
Accumulated other comprehensive loss(3,875)(3,963)(4,135)(4,136)(4,076)(3,976)
Retained earnings5,7755,5734,8096,1136,5976,044
Other undisclosed equity, attributable to parent283282233233232240
Equity, attributable to noncontrolling interest166185181194206247
Total equity:5,4665,1843,2594,5455,0704,850
TOTAL LIABILITIES AND EQUITY:22,43121,40216,50617,18516,87217,064

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues20,80517,47812,32114,74515,47515,377
Revenue, net15,377
Cost of revenue(16,953)(13,692)(10,367)(11,602)(11,961)(11,719)
Cost of goods and services sold(16,953)(13,692)(10,337)(11,602)(11,961)(11,719)
Gross profit:3,8523,7861,9543,1433,5143,658
Operating expenses(2,927)(2,792)(2,936)(2,960)(2,726)(2,839)
Operating income (loss):925994(982)183788819
Nonoperating income (expense)(75)94(119)(123)162(22)
Loss from catastrophes    (25)(12)(14)
Other nonoperating income (expense)(75)94(119)(98)174(8)
Interest and debt expense(451)(387)(324)(340)(321)(335)
Other undisclosed income from continuing operations before equity method investments, income taxes   285457382416
Income (loss) from continuing operations before equity method investments, income taxes:399701(1,140)1771,011878
Other undisclosed loss from continuing operations before income taxes  (188)    
Income (loss) from continuing operations before income taxes:399513(1,140)1771,011878
Income tax expense (benefit)(190)267(110)(474)(303)(513)
Income (loss) from continuing operations:209780(1,250)(297)708365
Income (loss) before gain (loss) on sale of properties:780(1,250)(297)708365
Net income (loss):209780(1,250)(297)708365
Net loss attributable to noncontrolling interest(7)(16)(4)(14)(15)(19)
Net income (loss) available to common stockholders, diluted:202764(1,254)(311)693346

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):209780(1,250)(297)708365
Other comprehensive income (loss)71152(6)(59)(119)238
Comprehensive income (loss):280932(1,256)(356)589603
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1043(15)4(35)
Comprehensive income (loss), net of tax, attributable to parent:290936(1,253)(371)593568

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.

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