Hexcel Corporation (HXL) financial statements (2021 and earlier)

Company profile

Business Address TWO STAMFORD PLAZA
STAMFORD, CT 06901
State of Incorp. DE
Fiscal Year End December 31
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)

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 investments10368257329644755
Cash and cash equivalents10368257329644755
Receivables125150192267228289313
Inventory, net of allowances, customer advances and progress billings214263317354333352339
Inventory214263317354333352339
Contract with customer, asset43495556535660
Derivative instruments and hedges, assets0      
Disposal group, including discontinued operation13      
Other undisclosed current assets38463034272730
Total current assets:5365768501,040705772798
Noncurrent Assets
Property, plant and equipment1,8741,8771,9021,9161,9431,9241,922
Long-term investments and receivables45464548474652
Long-term investments45464548474652
Intangible assets, net (including goodwill)278277276277280279284
Goodwill193191189188190188190
Intangible assets, net (excluding goodwill)85868788919294
Other noncurrent assets185197151153154135140
Total noncurrent assets:2,3822,3962,3732,3932,4242,3842,397
TOTAL ASSETS:2,9182,9723,2233,4333,1293,1553,195
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities179175219309295338350
Accounts payable706173152158165178
Accrued liabilities65669810763103105
Employee-related liabilities43484951747167
Debt111110910
Derivative instruments and hedges, liabilities4   18  
Total current liabilities:183176220310323347360
Noncurrent Liabilities
Long-term debt and lease obligation9269991,2651,3901,1041,1151,116
Long-term debt, excluding current maturities9269991,2651,3901,0511,1151,116
Operating lease, liability    54  
Liabilities, other than long-term debt299299301313154275277
Asset retirement obligations      42
Deferred income tax liabilities153      
Liability, pension and other postretirement and postemployment benefits545654535342 
Other liabilities92243247260100233235
Other undisclosed noncurrent liabilities    102  
Total noncurrent liabilities:1,2251,2971,5661,7021,3601,3901,393
Total liabilities:1,4081,4731,7862,0121,6831,7371,753
Stockholders' equity
Stockholders' equity attributable to parent1,5101,4991,4371,4211,4461,4181,442
Common stock1111111
Treasury stock, value(1,277)(1,277)(1,277)(1,277)(1,245)(1,169)(1,113)
Additional paid in capital850845845845830827818
Accumulated other comprehensive loss(60)(85)(138)(155)(119)(161)(118)
Retained earnings1,9962,0162,0062,0071,9791,9201,854
Total stockholders' equity:1,5101,4991,4371,4211,4461,4181,442
TOTAL LIABILITIES AND EQUITY:2,9182,9723,2233,4333,1293,1553,195

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
Revenues296287379541564573609
Cost of revenue
(Cost of Goods and Services Sold)
(265)(273)(324)(400)(418)(415)(440)
Gross profit:301455141147158169
Operating expenses(37)(35)(35)(61)(49)(48)(54)
Other operating expense, net(14)(16)(13)(15)   
Operating income (loss):(20)(38)66697110115
Interest and debt expense(9)(10)(11)(12)(11)(11)(12)
Income (loss) from continuing operations before equity method investments, income taxes:(30)(47)(4)548799103
Income (loss) from equity method investments(2)0(0)11(0)1
Income (loss) from continuing operations before income taxes:(32)(47)(5)548899105
Income tax expense (benefit)12574(12)(14)(18)(24)
Net income (loss) available to common stockholders, diluted:(19)10(1)42738081

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):(19)10(1)42738081
Comprehensive income (loss):(19)10(1)42738081
Other undisclosed comprehensive income (loss), net of tax, attributable to parent265317(37)42(43)(4)
Comprehensive income, net of tax, attributable to parent:6631661163777

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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