John Bean Technologies Corporation (JBT) Financial Statements (2024 and earlier)

Company Profile

Business Address 70 W MADISON
CHICAGO, IL 60602
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 355 - Special Industry Machinery, Except Metalworking (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments   483,300125,000 45,700
Cash and cash equivalents   483,300  45,700
Short-term investments    125,000  
Receivables228,400220,700214,400190,600213,300287,400
Inventory, net of allowances, customer advances and progress billings258,700250,200238,900226,700237,200351,900
Inventory258,700250,200238,900226,700237,200351,900
Disposal group, including discontinued operation     249,700 
Other current assets80,90073,90089,10078,30077,50084,800
Other undisclosed current assets557,400557,60074,500471,000109,10096,400
Total current assets:1,125,4001,102,4001,100,2001,091,600886,800866,200
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   4,700   
Operating lease, right-of-use asset   37,300   
Property, plant and equipment242,000246,700119,000245,100246,600273,100
Long-term investments and receivables   10,400   
Long-term investments   10,400   
Intangible assets, net (including goodwill)1,139,0001,151,2001,168,4001,166,2001,186,4001,249,700
Goodwill774,300775,200779,500770,400776,100813,400
Intangible assets, net (excluding goodwill)364,700376,000388,900395,800410,300436,300
Disposal group, including discontinued operation, noncurrent assets     85,400 
Other noncurrent assets183,700190,400193,800185,900182,600190,600
Other undisclosed noncurrent assets   76,600   
Total noncurrent assets:1,564,7001,588,3001,610,2001,597,2001,701,0001,713,400
TOTAL ASSETS:2,690,1002,690,7002,710,4002,688,8002,587,8002,579,600
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities176,600175,600194,300261,600137,400215,300
Accounts payable135,600142,400134,600121,300137,400215,300
Accrued liabilities41,00033,20059,700140,300  
Debt   900 900800
Disposal group, including discontinued operation     129,700 
Other liabilities116,200129,400118,100152,900149,900181,800
Other undisclosed current liabilities150,100161,100171,100169,800192,100220,400
Total current liabilities:442,900466,100484,400584,300610,000618,300
Noncurrent Liabilities
Long-term debt and lease obligation647,600647,000646,400645,800949,600956,500
Long-term debt, excluding current maturities647,600647,000646,400645,800949,600956,500
Liabilities, other than long-term debt80,80086,50090,70085,600107,000113,800
Liability, pension and other postretirement and postemployment benefits22,00023,30024,60018,30028,70031,400
Disposal group, including discontinued operation, liabilities     12,400 
Other liabilities58,80063,20066,10067,30065,90082,400
Total noncurrent liabilities:728,400733,500737,100731,4001,056,6001,070,300
Total liabilities:1,171,3001,199,6001,221,5001,315,7001,666,6001,688,600
Equity
Equity, attributable to parent1,518,8001,491,1001,488,9001,373,100921,200891,000
Common stock300300300300300300
Treasury stock, value(2,200)(3,200)(7,100)(2,100)(2,200)(3,700)
Additional paid in capital227,900225,300227,900223,900221,300220,600
Accumulated other comprehensive loss(217,800)(214,400)(195,800)(214,600)(199,700)(199,900)
Retained earnings1,510,6001,483,1001,463,6001,365,600901,500873,700
Total equity:1,518,8001,491,1001,488,9001,373,100921,200891,000
TOTAL LIABILITIES AND EQUITY:2,690,1002,690,7002,710,4002,688,8002,587,8002,579,600

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

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Revenues402,300392,300444,600403,600427,700529,500
Gross profit:402,300392,300444,600403,600427,700529,500
Operating expenses(116,400)(111,200)(105,700)(107,900)(102,900)(118,400)
Other undisclosed operating loss(259,100)(252,000)(281,100)(259,700)(281,400)(371,100)
Operating income:26,80029,10057,80036,00043,40040,000
Nonoperating income (expense)4,7004,700600(200)(200)(200)
Investment income, nonoperating5,7005,700    
Net periodic defined benefits expense (reversal of expense), excluding service cost component(1,000)(1,000) (200)(200)(200)
Interest and debt expense(4,100)(2,900)    
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   2,900(900)  
Income from continuing operations before equity method investments, income taxes:27,40030,90061,30034,90043,20039,800
Loss from equity method investments  (100)(200)(100)  
Other undisclosed income (loss) from continuing operations before income taxes   300 (7,100)(7,200)
Income from continuing operations before income taxes:27,40030,80061,40034,80036,10032,600
Income tax expense (benefit)3,300(8,100)(6,400)(4,300)(8,400)(7,000)
Net income:30,70022,70055,00030,50027,70025,600
Other undisclosed net income attributable to parent 1003,400437,1003,300 
Net income available to common stockholders, diluted:30,70022,80058,400467,60031,00025,600

Comprehensive Income ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Net income:30,70022,70055,00030,50027,70025,600
Other comprehensive income (loss)(3,400)(18,600)18,800(14,900)2004,400
Comprehensive income:27,3004,10073,80015,60027,90030,000
Other undisclosed comprehensive income, net of tax, attributable to parent 1003,400437,1003,300 
Comprehensive income, net of tax, attributable to parent:27,3004,20077,200452,70031,20030,000

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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