Horizon Global Corporation (HZN) financial statements (2021 and earlier)

Company profile

Business Address 47912 HALYARD DRIVE
PLYMOUTH, MI 48170
State of Incorp.
Fiscal Year End December 31
SIC 3714 - Motor Vehicle Parts and Accessories (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 investments45403439121617
Cash and cash equivalents45403439121617
Restricted cash and investments6669   
Receivables8710787857293138
Inventory, net of allowances, customer advances and progress billings115107116119137141178
Inventory115107116119137141178
Other undisclosed current assets121098999
Total current assets:265269252260229260342
Noncurrent Assets
Operating lease, right-of-use asset47474442465672
Property, plant and equipment74747374767998
Intangible assets, net (including goodwill)62606061646585
Goodwill33334413
Intangible assets, net (excluding goodwill)58575657606072
Deferred income tax assets1000003
Other noncurrent assets7889666
Total noncurrent assets:192189185186192206263
TOTAL ASSETS:456458437446421466605
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities159157136133127132183
Accounts payable1009785837879112
Accrued liabilities59605150495371
Debt14202071424167
Other undisclosed current liabilities12   101013
Total current liabilities:185178157205141167363
Noncurrent Liabilities
Long-term debt and lease obligation, including:298236240188205181239
Long-term debt, excluding current maturities252259265217237215 
Operating lease, liability46484746485159
Other undisclosed long-term debt and lease obligation (71)(72)(74)(80)(85)180
Liabilities, other than long-term debt18192020182932
Deferred income tax liabilities33444813
Other liabilities15151616142119
Other undisclosed noncurrent liabilities(21)484746485159
Total noncurrent liabilities:295303306254271261330
Total liabilities:480480463458412427693
Stockholders' equity
Stockholders' equity attributable to parent(19)(17)(22)(8)1242(85)
Common stock0000000
Treasury stock, value(10)(10)(10)(10)(10)(10)(10)
Additional paid in capital167166165164163163162
Accumulated other comprehensive income (loss)(7)(10)(12)(14)(10)(11)8
Accumulated deficit(179)(173)(175)(159)(142)(110)(256)
Warrants and rights outstanding10101111111111
Stockholders' equity attributable to noncontrolling interest(5)(5)(4)(4)(4)(3)(3)
Total stockholders' equity:(24)(22)(26)(12)939(88)
TOTAL LIABILITIES AND EQUITY:456458437446421466605

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
Revenues176202120163142178223
Cost of revenue
(Cost of Goods and Services Sold)
(143)(158)(102)(137)(134)(150)(179)
Gross profit:3343182682844
Operating expenses(34)(35)(26)(33)(40)(41)(37)
Other undisclosed operating income (loss)0  (0)(2)  
Operating income (loss):(1)9(8)(7)(34)(13)7
Nonoperating income (expense)11(0)(2)1(2)0
Other nonoperating income (expense) (1)02 2(0)
Interest and debt expense(8)(8)(8)(8)(8)(24)(15)
Income (loss) from continuing operations before income taxes:(8)2(17)(17)(40)(39)(8)
Income tax expense (benefit)2(0)(0)081(0)
Income (loss) from continuing operations:(6)2(17)(17)(32)(38)(8)
Income (loss) from discontinued operations   (1) 183 
Net income (loss):(6)2(17)(17)(32)145(8)
Net income attributable to noncontrolling interest0000000
Net income (loss) available to common stockholders, diluted:(5)2(16)(17)(32)146(8)

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):(6)2(17)(17)(32)145(8)
Other comprehensive income (loss)422(4)1(2)(0)
Comprehensive income (loss):(2)3(15)(21)(31)143(8)
Comprehensive income, net of tax, attributable to noncontrolling interest0000000
Comprehensive income (loss), net of tax, attributable to parent:(2)4(14)(21)(30)144(8)

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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