Ingersoll Rand Inc. (IR) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
525 HARBOUR PLACE DRIVE, SUITE 600 DAVIDSON, NC 28036 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 356 - General Industrial Machinery And Equipment (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,613 | 2,110 | 1,751 | 506 | 221 | 393 | |||
| Cash and cash equivalents | 1,613 | 2,110 | 1,751 | 506 | 221 | 393 | |||
| Receivables | 1,122 | 949 | 967 | 459 | 525 | 536 | |||
| Inventory, net of allowances, customer advances and progress billings | 1,025 | 854 | 944 | 503 | 524 | 495 | |||
| Inventory | 1,025 | 854 | 944 | 503 | 524 | 495 | |||
| Disposal group, including discontinued operation | 16 | ||||||||
| Other current assets | 207 | 187 | 201 | 77 | 61 | 40 | |||
| Total current assets: | 3,967 | 4,115 | 3,862 | 1,544 | 1,331 | 1,464 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 797 | 327 | 357 | 363 | |||||
| Intangible assets, net (including goodwill) | 9,643 | 9,894 | 11,036 | 2,543 | 2,658 | 2,659 | |||
| Goodwill | 6,064 | 5,982 | 6,304 | 1,288 | 1,290 | 1,228 | |||
| Intangible assets, net (excluding goodwill) | 3,579 | 3,913 | 4,733 | 1,255 | 1,368 | 1,431 | |||
| Deferred income tax assets | 22 | 28 | 16 | 3 | ✕ | ✕ | |||
| Other noncurrent assets | 509 | 469 | 347 | 212 | 140 | 135 | |||
| Other undisclosed noncurrent assets | 624 | 649 | 1 | 1 | |||||
| Total noncurrent assets: | 10,799 | 11,040 | 12,197 | 3,085 | 3,156 | 3,158 | |||
| TOTAL ASSETS: | 14,766 | 15,155 | 16,059 | 4,628 | 4,487 | 4,621 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,638 | 1,412 | 1,458 | 567 | 589 | 541 | |||
| Accounts payable | 779 | 671 | 671 | 323 | 340 | 270 | |||
| Accrued liabilities | 859 | 741 | 787 | 244 | 249 | 271 | |||
| Debt | 37 | 39 | 40 | 8 | 8 | 21 | |||
| Disposal group, including discontinued operation | 17 | ||||||||
| Total current liabilities: | 1,674 | 1,468 | 1,499 | 575 | 596 | 562 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 2,716 | 3,402 | 3,859 | 1,604 | 1,664 | 2,019 | |||
| Finance lease, liability | 15 | 16 | 17 | 17 | ✕ | ✕ | |||
| Other undisclosed long-term debt and lease obligation | 2,701 | 3,325 | 3,741 | 1,546 | 1,664 | 2,019 | |||
| Liabilities, other than long-term debt | 1,119 | 1,214 | 1,511 | 580 | 551 | 563 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | 266 | 238 | ||
| Deferred income tax liabilities | 611 | 709 | 876 | 251 | ✕ | ✕ | |||
| Liability, pension and other postretirement and postemployment benefits | 147 | 195 | 275 | 100 | 95 | 100 | |||
| Other liabilities | 361 | 310 | 361 | 229 | 190 | 226 | |||
| Operating lease, liability | 61 | 102 | 41 | ✕ | ✕ | ||||
| Total noncurrent liabilities: | 3,835 | 4,616 | 5,371 | 2,184 | 2,215 | 2,583 | |||
| Total liabilities: | 5,509 | 6,083 | 6,869 | 2,759 | 2,811 | 3,144 | |||
| Equity | |||||||||
| Equity, attributable to parent | 9,196 | 9,002 | 9,120 | 1,870 | 1,676 | 1,477 | |||
| Common stock | 4 | 4 | 4 | 2 | 2 | 2 | |||
| Treasury stock, value | (985) | (748) | (33) | (37) | (53) | (23) | |||
| Additional paid in capital | 9,477 | 9,409 | 9,310 | 2,302 | 2,283 | 2,275 | |||
| Accumulated other comprehensive income (loss) | (252) | (42) | 14 | (256) | (247) | (200) | |||
| Retained earnings (accumulated deficit) | 951 | 379 | (176) | (141) | (309) | (578) | |||
| Equity, attributable to noncontrolling interest | 61 | 70 | 70 | ||||||
| Total equity: | 9,257 | 9,071 | 9,190 | 1,870 | 1,676 | 1,477 | |||
| TOTAL LIABILITIES AND EQUITY: | 14,766 | 15,155 | 16,059 | 4,628 | 4,487 | 4,621 | |||
Income Statement (P&L) ($ in millions)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 5,916 | 5,152 | 4,910 | 2,452 | 2,690 | 2,375 | ||
| Cost of revenue | (3,591) | (3,164) | (3,297) | (1,540) | (1,677) | (1,478) | ||
| Gross profit: | 2,326 | 1,989 | 1,613 | 912 | 1,013 | 898 | ||
| Operating expenses | (1,443) | (1,423) | (1,528) | (636) | (570) | (788) | ||
| Other operating expense, net | (65) | |||||||
| Other undisclosed operating loss | (2) | |||||||
| Operating income: | 817 | 566 | 86 | 275 | 443 | 109 | ||
| Nonoperating income (Other Nonoperating income) | 29 | 44 | 8 | 5 | 7 | 4 | ||
| Interest and debt expense | (104) | (97) | (113) | (89) | (101) | (225) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 742 | 513 | (19) | 191 | 350 | (113) | ||
| Income (loss) from equity method investments | 1 | |||||||
| Income (loss) from continuing operations before income taxes: | 743 | 513 | (19) | 191 | 350 | (113) | ||
| Income tax expense (benefit) | (150) | 22 | (13) | (32) | (80) | 131 | ||
| Other undisclosed loss from continuing operations | (11) | |||||||
| Income (loss) from continuing operations: | 593 | 523 | (32) | 159 | 269 | 19 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | 565 | (32) | 159 | 269 | 19 | |
| Income from discontinued operations | 15 | 42 | ||||||
| Net income (loss): | 609 | 565 | (32) | 159 | 269 | 19 | ||
| Net loss attributable to noncontrolling interest | (4) | (3) | (1) | (0) | ||||
| Net income (loss) available to common stockholders, diluted: | 605 | 563 | (33) | 159 | 269 | 18 | ||
Comprehensive Income ($ in millions)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 609 | 565 | (32) | 159 | 269 | 19 | ||
| Other comprehensive income (loss) | (217) | (57) | 269 | |||||
| Other undisclosed comprehensive income (loss) | (1) | (48) | 143 | |||||
| Comprehensive income: | 391 | 508 | 236 | 158 | 222 | 161 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 3 | (0) | 1 | (0) | ||||
| Comprehensive income, net of tax, attributable to parent: | 395 | 508 | 237 | 158 | 222 | 161 | ||
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.