Harsco Corporation (HSC) financial statements (2021 and earlier)

Company profile

Business Address 350 POPLAR CHURCH ROAD
CAMP HILL, PA 17011
State of Incorp. DE
Fiscal Year End December 31
SIC 89 - Miscellaneous Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments76576462728063
Cash and cash equivalents76576462728063
Restricted cash and investments3234   
Receivables442331345308258285353
Inventory, net of allowances, customer advances and progress billings173157133178188217177
Inventory173157133178188217177
Contract with customer, asset553124
Disposal group, including discontinued operation 22    1
Other current assets11523539618387
Other undisclosed current assets56      
Total current assets:816653605592578665682
Noncurrent Assets
Operating lease, right-of-use asset97 
Property, plant and equipment668562470480490564663
Long-term investments and receivables    2253289
Long-term investments    2253289
Intangible assets, net (including goodwill)1,3411,037491440424453475
Goodwill902738412402382400416
Intangible assets, net (excluding goodwill)4392998038425359
Deferred income tax assets1514
Other noncurrent assets5617171588137156
Other undisclosed noncurrent assets 844952   
Total noncurrent assets:2,1771,7151,0289871,0041,4071,582
TOTAL ASSETS:2,9932,3671,6331,5791,5812,0712,264
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities267233210192159183219
Accounts payable218177149126108136147
Employee-related liabilities46385860473954
Taxes payable31935442
Interest and dividends payable     417
Deferred revenue4054
Debt23201720305542
Provision for loss on contracts46     
Due to related parties     2222
Self insurance reserve13104111121112
Business combination, contingent consideration, liability 3     
Deferred tax liabilities   11
Customer advances and deposits118117107117
Contract with customer, liability31
Other liabilities172137119133110119145
Other undisclosed current liabilities190   77
Total current liabilities:538465417474428506566
Noncurrent Liabilities
Long-term debt and lease obligation1,348775586567629856830
Long-term debt, excluding current maturities1,271775586567629856830
Finance lease, liability7 
Operating lease, liability70 
Liabilities, other than long-term debt371288317323387385490
Deferred revenue456
Contract with customer, liability38
Deferred tax liabilities, net  3126
Deferred income tax liabilities41 
Liability, pension and other postretirement and postemployment benefits231190214259320242351
Due to related parties     5871
Other liabilities39734641394326
Self insurance reserve15192022253035
Other undisclosed noncurrent liabilities2349   1420
Total noncurrent liabilities:1,7421,1139028891,0161,2541,340
Total liabilities:2,2801,5781,3191,3641,4441,7611,905
Stockholders' equity
Stockholders' equity attributable to parent65774226817096272314
Common stock144143142141141141140
Treasury stock, value(843)(839)(796)(762)(760)(760)(750)
Additional paid in capital204201191180172171166
Accumulated other comprehensive loss(646)(588)(567)(547)(607)(516)(532)
Retained earnings1,7981,8241,2991,1581,1511,2361,290
Stockholders' equity attributable to noncontrolling interest56484545413944
Total stockholders' equity:713790313215138311358
TOTAL LIABILITIES AND EQUITY:2,9932,3671,6331,5791,5812,0712,264

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,8641,5041,7221,6071,4511,7232,066
Revenue, net1,6071,4511,7232,066
Cost of revenue(1,512)(1,142)(1,287)(1,225)(1,183)(1,388)(1,647)
Cost of goods and services sold  (2)(1,221)(1,170)(1,356)(1,647)
Gross profit:352362435382268335419
Operating expenses(331)(258)(244)(239)(205)(247)(363)
Other operating income (expense), net(11)32(5)(13)(31)(58)
Other nonrecurring (income) expense     (7) 
Other undisclosed operating income (loss)11(3)(2)5133166
Operating income:21104191143638963
Nonoperating income0222222
Investment income, nonoperating2222222
Other nonoperating expense(2)      
Interest and debt expense(60)(44)(39)(50)(87)(47)(47)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes7(5)3 (58)(8)(10)
Income (loss) from continuing operations before equity method investments, income taxes:(31)5615795(79)358
Income (loss) from equity method investments000 60(2)
Income (loss) from continuing operations before income taxes:(31)5715895(74)357
Income tax expense (benefit)3(20)(13)(84)(7)(28)(27)
Income (loss) from continuing operations:(28)3714512(80)7(20)
Income (loss) from discontinued operations(12)(121)001(1)0
Income (loss) before gain (loss) on sale of properties:(40)(84)14512(80)6(20)
Other undisclosed net income18597     
Net income (loss):(22)51214512(80)6(20)
Net loss attributable to noncontrolling interest(4)(8)(8)(4)(6)(0)(4)
Net income (loss) available to common stockholders, diluted:(26)5041378(86)6(25)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(22)51214512(80)6(20)
Other comprehensive income (loss)(55)(0)(22)63(94)14(163)
Comprehensive income (loss):(77)51212475(173)20(184)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(7)(7)(5)(7)(3)2(3)
Comprehensive income (loss), net of tax, attributable to parent:(84)50511868(177)23(187)

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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