ITT Inc. (ITT) financial statements (2021 and earlier)

Company profile

Business Address 1133 WESTCHESTER AVENUE
WHITE PLAINS, NY 10604
State of Incorp.
Fiscal Year End December 31
SIC 3561 - Pumps and Pumping Equipment (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 investments860782819840612556532
Cash and cash equivalents860782819840612556532
Receivables508490463574578574600
Inventory, net of allowances, customer advances and progress billings361379385382393415421
Inventory361379385382393415421
Other current assets190172160152153162149
Total current assets:1,9171,8231,8271,9481,7371,7061,702
Noncurrent Assets
Property, plant and equipment525506505512532522534
Intangible assets, net (including goodwill)1,0511,0411,0361,0341,0651,0581,059
Goodwill945929920914927910931
Intangible assets, net (excluding goodwill)106112116120138148128
Deferred income tax assets 182161125   
Other noncurrent assets272306302304317300295
Other undisclosed noncurrent assets512318319354458479450
Total noncurrent assets:2,3602,3542,3252,3282,3712,3582,339
TOTAL ASSETS:4,2784,1764,1514,2774,1084,0644,041
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities764747700720763766743
Accounts payable307301271324332340347
Accrued liabilities457447429396431426396
Debt 119248387 123149
Other undisclosed current liabilities107   87  
Total current liabilities:8718669481,107850889892
Noncurrent Liabilities
Long-term debt and lease obligation, including:13141313131314
Long-term debt, excluding current maturities13      
Operating lease, liability72 7070767479
Other undisclosed long-term debt and lease obligation(72)14(57)(58)(63)(62)(64)
Liabilities, other than long-term debt438429431436449434448
Deferred revenue0      
Liability, pension and other postretirement and postemployment benefits228214213212214196204
Other liabilities211215218224235238244
Other undisclosed noncurrent liabilities828843705706719729749
Total noncurrent liabilities:1,2791,2861,1491,1541,1801,1761,212
Total liabilities:2,1502,1522,0962,2612,0302,0642,104
Stockholders' equity
Stockholders' equity attributable to parent2,1262,0212,0522,0122,0751,9981,935
Common stock87868686888888
Accumulated other comprehensive loss(279)(407)(433)(436)(385)(404)(372)
Retained earnings2,3192,3422,3982,3622,3722,3142,219
Stockholders' equity attributable to noncontrolling interest2433322
Total stockholders' equity:2,1282,0252,0552,0162,0782,0001,937
TOTAL LIABILITIES AND EQUITY:4,2784,1764,1514,2774,1084,0644,041

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
Revenues709591515663719712720
Cost of revenue(490)(401)(351)(454)(491)(481)(488)
Gross profit:219191164209228231232
Operating expenses(69)(112)(127)(141)(133)(135)(134)
Other undisclosed operating income (loss)9(141)(16)41(13)56(12)
Operating income (loss):159(63)211098215386
Nonoperating income (expense)6(1)(2)(1)(1)00
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(144)   3  
Income (loss) from continuing operations before income taxes:22(64)181098415386
Income tax expense (benefit)(35)1628(25)(17)(34)(19)
Income (loss) from continuing operations:(13)(48)46846711967
Income from discontinued operations01     
Income (loss) before gain (loss) on sale of properties:(13)(47)46846711967
Other undisclosed net income (loss)(0)1212(0)(0)
Net income (loss):(13)(46)48856911967
Net loss attributable to noncontrolling interest(1)(1) (0)(1)(0)(0)
Net income (loss) available to common stockholders, diluted:(14)(47)48856811967

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):(13)(46)48856911967
Other comprehensive income (loss)128253(50)18(32)6
Comprehensive income (loss):115(21)5135878773
Comprehensive loss, net of tax, attributable to noncontrolling interest(1)(1) (0)(1)(0)(0)
Comprehensive income (loss), net of tax, attributable to parent:115(22)5134878773

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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