Hubbell Inc (HUBB) Financial Statements (2025 and earlier)

Company Profile

Business Address 40 WATERVIEW DR
SHELTON, CT 06484-1000
State of Incorp. CT
Fiscal Year End December 31
Industry (SIC) 367 - Electronic Components And Accessories (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments349455296269196198
Cash and cash equivalents336441286260182189
Short-term investments131499149
Receivables785742675635683725
Inventory, net of allowances, customer advances and progress billings833741662607633651
Inventory833741662607633651
Disposal group, including discontinued operation 71 180   
Other current assets1308467776269
Total current assets:2,1672,0211,8791,5881,5741,644
Noncurrent Assets
Property, plant and equipment653528460519505502
Long-term investments and receivables766669715656
Long-term investments766669715656
Intangible assets, net (including goodwill)3,7292,6402,5532,7342,5932,604
Goodwill2,5331,9711,8711,9231,8121,784
Intangible assets, net (excluding goodwill)1,196670682811782820
Disposal group, including discontinued operation, noncurrent assets 92 177   
Other noncurrent assets19714714417317566
Total noncurrent assets:4,7473,3813,4023,4983,3293,228
TOTAL ASSETS:6,9145,4035,2825,0854,9034,872
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities929864891724711722
Employee-related liabilities9592102102
Accounts payable564530533378348394
Accrued liabilities365334263254262227
Debt1175101536581
Disposal group, including discontinued operation 25 91   
Other undisclosed current liabilities25322073726836
Total current liabilities:1,3231,0891,065948845839
Noncurrent Liabilities
Long-term debt and lease obligation2,0231,4381,4361,5121,5061,737
Long-term debt, excluding current maturities2,0231,4381,4361,4371,5061,737
Liabilities, other than long-term debt, including:678506540615592497
Accounts payable and accrued liabilities    525859
Deferred income tax liabilities    135127
Liability, pension and other postretirement and postemployment benefits    220220201
Disposal group, including discontinued operation, liabilities 18 19   
Other liabilities661506521132115117
Operating lease, liability    75 
Other undisclosed liabilities, other than long-term debt    7572120
Other undisclosed noncurrent liabilities    (75)  
Total noncurrent liabilities:2,7011,9441,9762,0522,0982,234
Total liabilities:4,0253,0323,0413,0002,9433,073
Equity
Equity, attributable to parent, including:2,8772,3612,2302,0701,9471,781
Additional paid in capital 6  5 1
Accumulated other comprehensive loss (312)(345)(331)(329)(333)(286)
Retained earnings 3,1832,7062,5602,3942,2792,064
Other undisclosed equity, attributable to parent111111
Equity, attributable to noncontrolling interest121011151318
Total equity:2,8892,3712,2412,0851,9611,799
TOTAL LIABILITIES AND EQUITY:6,9145,4035,2825,0854,9034,872

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

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues5,3734,9484,1944,1864,5914,482
Cost of revenue
(Cost of Goods and Services Sold)
(3,485)(3,476)(3,043)(2,977)(3,238)(3,181)
Gross profit:1,8881,4721,1521,2091,3531,300
Operating expenses(850)(763)(619)(676)(756)(744)
Operating income:1,039709532533597557
Nonoperating income (expense)(19)55(12)(20)(18)
Other nonoperating income (expense)(19)55(12)(21)(18)
Interest and debt expense   (17)(60)(69)(72)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes    (8)13 
Income from continuing operations before equity method investments, income taxes:1,020714521454521467
Other undisclosed loss from continuing operations before income taxes(37)(57)(62)   
Income from continuing operations before income taxes:983657459454521467
Income tax expense(217)(140)(88)(98)(113)(101)
Income from continuing operations:766517371356407366
Income before gain (loss) on sale of properties:371356407366
Other undisclosed net income  3535   
Net income:766551406356407366
Net loss attributable to noncontrolling interest(6)  (5)(7)(6)
Other undisclosed net loss attributable to parent  (6)(6)   
Net income attributable to parent:760546400351401360
Undistributed earnings (loss) allocated to participating securities, basic(2)(1)(1)(1)(2)(1)
Net income available to common stockholders, diluted:758545398350399359

Comprehensive Income ($ in millions)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:766551406356407366
Other comprehensive income (loss)33(14)(2)4(17)(16)
Comprehensive income:799537404360390350
Comprehensive loss, net of tax, attributable to noncontrolling interest(6)(6)(6)(5)(7)(6)
Comprehensive income, net of tax, attributable to parent:793532398355384344

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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