Hexcel Corporation (HXL) Financial Statements (2024 and earlier)

Company Profile

Business Address TWO STAMFORD PLAZA
STAMFORD, CT 06901
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 2821 - Plastics Materials, Synthetic Resins, and Nonvulcanizable Elastomers (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2024
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 investments2271121281036433
Cash and cash equivalents2271121281036433
Receivables235223160125228261
Inventory, net of allowances, customer advances and progress billings334319246214333298
Inventory334319246214333298
Contract with customer, asset, after allowance for credit loss253231435351
Derivative instruments and hedges, assets 4640  
Disposal group, including discontinued operation  101313  
Other undisclosed current assets393336382734
Total current assets:864734616536705676
Noncurrent Assets
Property, plant and equipment1,6791,6581,7461,8741,9431,877
Long-term investments and receivables54845454749
Long-term investments54845454749
Intangible assets, net (including goodwill), including:251256268278280142
Goodwill189187191193190108
Intangible assets, net (excluding goodwill)636977859135
Other undisclosed intangible assets, net (including goodwill)   0  (0)
Other noncurrent assets11914214518515481
Total noncurrent assets:2,0542,1032,2032,3822,4242,148
TOTAL ASSETS:2,9192,8372,8192,9183,1292,824
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities234238241179295317
Employee-related liabilities54437476
Accounts payable15915611370158162
Accrued liabilities758373656380
Debt0011109
Derivative instruments and hedges, liabilities6226418 
Other undisclosed current liabilities7670    
Total current liabilities:316330248183323327
Noncurrent Liabilities
Long-term debt and lease obligation6997238229261,104947
Long-term debt, excluding current maturities6997238229261,051947
Liabilities, other than long-term debt187230264299154228
Asset retirement obligations      42
Deferred income tax liabilities111126140153 
Liability, pension and other postretirement and postemployment benefits4343535453 
Other liabilities34617192100186
Operating lease, liability     54
Other undisclosed noncurrent liabilities     102 
Total noncurrent liabilities:8869531,0861,2251,3601,175
Total liabilities:1,2021,2831,3341,4081,6831,502
Equity
Equity, attributable to parent1,7171,5541,4861,5101,4461,322
Common stock111111
Treasury stock, value(1,316)(1,282)(1,280)(1,277)(1,245)(1,096)
Additional paid in capital937905879850830798
Accumulated other comprehensive loss(74)(174)(127)(60)(119)(108)
Retained earnings2,1692,1052,0131,9961,9791,727
Total equity:1,7171,5541,4861,5101,4461,322
TOTAL LIABILITIES AND EQUITY:2,9192,8372,8192,9183,1292,824

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,7891,5781,3251,5022,3562,189
Cost of revenue
(Cost of Goods and Services Sold)
(1,356)(1,221)(1,075)(1,263)(1,715)(1,608)
Gross profit:433357250240640581
Operating expenses(217)(194)(180)(168)(215)(202)
Other operating income (expense), net(1)12(18)(58) (8)
Operating income:2151755214425371
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
 (72)11(9)   
Interest and debt expense(34)(36)(38)(42)(46)(38)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  17   
Income (loss) from continuing operations before equity method investments, income taxes:11015022(28)380334
Income (loss) from equity method investments88 (2)46
Income (loss) from continuing operations before income taxes:11815822(29)383339
Income tax expense (benefit)(12)(32)(6)61(77)(63)
Income from continuing operations:1061261632307277
Income before gain (loss) on sale of properties:1632307277
Net income available to common stockholders, diluted:1061261632307277

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:1061261632307277
Comprehensive income:1061261632307277
Other undisclosed comprehensive income (loss), net of tax, attributable to parent100(48)(67)59(11)(65)
Comprehensive income (loss), net of tax, attributable to parent:20678(51)91296212

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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