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
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments768482665775106
Cash and cash equivalents768482665775106
Restricted cash and investments3222223
Receivables442439426339331335386
Inventory, net of allowances, customer advances and progress billings173170174168157150134
Inventory173170174168157150134
Contract with customer, asset5553595031148
Disposal group, including discontinued operation   1224292
Other current assets11665554526252
Other undisclosed current assets56    195 
Total current assets:816815798681653876782
Noncurrent Assets
Operating lease, right-of-use asset979710250   
Property, plant and equipment668641634533562550551
Intangible assets, net (including goodwill)1,3411,3261,3311,0231,0371,0261,044
Goodwill902882882728738725718
Intangible assets, net (excluding goodwill)439444449295299301327
Disposal group, including discontinued operation, noncurrent assets     2975
Deferred income tax assets15129914  
Other noncurrent assets56555250171822
Other undisclosed noncurrent assets    845961
Total noncurrent assets:2,1772,1312,1281,6661,7151,6821,753
TOTAL ASSETS:2,9932,9452,9262,3472,3672,5582,535
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities267276260231233308219
Accounts payable218231212182177166176
Employee-related liabilities46413433384041
Taxes payable341516191021
Deferred revenue4043504854  
Debt23403320201017
Provision for loss on contracts4   667
Due to related parties      39
Self insurance reserve131211101020641
Business combination, contingent consideration, liability    345
Contract with customer, liability4746
Other liabilities172170158142137129120
Other undisclosed current liabilities19   01740
Total current liabilities:538540513451465727533
Noncurrent Liabilities
Long-term debt and lease obligation1,3481,3171,3178257757641,314
Long-term debt, excluding current maturities1,2711,2461,2427907757641,314
Finance lease, liability733    
Operating lease, liability70687236   
Liabilities, other than long-term debt371295305312288284308
Deferred revenue454348546  
Contract with customer, liability010
Deferred income tax liabilities4143     
Liability, pension and other postretirement and postemployment benefits231151156164190177191
Disposal group, including discontinued operation, liabilities     516
Other liabilities39418677738172
Self insurance reserve15161417192020
Other undisclosed noncurrent liabilities232727 493331
Total noncurrent liabilities:1,7421,6391,6491,1381,1131,0811,653
Total liabilities:2,2802,1792,1621,5881,5781,8072,186
Stockholders' equity
Stockholders' equity attributable to parent657714715711742706301
Common stock144144144144143143143
Treasury stock, value(843)(843)(843)(843)(839)(833)(807)
Additional paid in capital204206204202201198195
Accumulated other comprehensive loss(646)(597)(604)(616)(588)(588)(580)
Retained earnings1,7981,8041,8141,8241,8241,7851,350
Stockholders' equity attributable to noncontrolling interest56524948484648
Total stockholders' equity:713766765759790751349
TOTAL LIABILITIES AND EQUITY:2,9932,9452,9262,3472,3672,5582,535

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues508509447399400423351
Cost of revenue(410)(416)(364)(322)(312)(312)(264)
Gross profit:999483778711186
Operating expenses(87)(89)(82)(74)(67)(65)(69)
Other operating income (expense), net(2)(4)0(6)3(0)2
Other undisclosed operating income (loss)24(0)6(3)0(2)
Operating income:11523204718
Nonoperating income (expense)11(1)0001
Investment income, nonoperating1110001
Other nonoperating expense  (1)    
Interest and debt expense(16)(16)(15)(13)(20)(13)(6)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes22216(2)(9)
Income (loss) from continuing operations before equity method investments, income taxes:(2)(8)(12)(8)7333
Income from equity method investments0000000
Income (loss) from continuing operations before income taxes:(2)(8)(12)(8)7333
Income tax expense (benefit)(2)221(2)(13)(4)
Income (loss) from continuing operations:(4)(7)(10)(8)420(1)
Income (loss) from discontinued operations(21)(0)(0)(9)(8)(111)11
Income (loss) before gain (loss) on sale of properties:(25)(7)(10)(17)(4)(90)11
Other undisclosed net income (loss)20(2)11845528 
Net income (loss):(5)(8)(9)14143811
Net loss attributable to noncontrolling interest(1)(1)(1)(1)(2)(3)(2)
Net income (loss) available to common stockholders, diluted:(6)(10)(11)0394359

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):(5)(8)(9)14143811
Other comprehensive income (loss)(46)813(30)1(9)4
Comprehensive income (loss):(52)(0)4(29)4242915
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(3)(3)(1)0(3)(1)(2)
Comprehensive income (loss), net of tax, attributable to parent:(55)(3)2(29)3942813

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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