Libbey, Inc. (LBY) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
300 MADISON AVE TOLEDO, OH 43604 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 322 - Glass And Glassware, Pressed Or Blown (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2020 MRQ | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 48,918 | 25,066 | 24,696 | 61,011 | 49,044 | 60,044 | |||
| Cash and cash equivalents | 48,918 | 25,066 | 24,696 | 61,011 | 49,044 | 60,044 | |||
| Receivables | 81,307 | 83,977 | 89,997 | 85,113 | 105,846 | 104,618 | |||
| Inventory, net of allowances, customer advances and progress billings | 174,797 | 192,103 | 187,886 | 170,009 | 178,027 | 169,828 | |||
| Inventory | 174,797 | 192,103 | 187,886 | 170,009 | 178,027 | 169,828 | |||
| Prepaid expense | 7,614 | 8,898 | |||||||
| Derivative instruments and hedges, assets | 245 | 403 | |||||||
| Deferred tax assets | ✕ | ✕ | 4,888 | ||||||
| Other undisclosed current assets | 17,683 | 16,522 | 12,550 | 16,777 | |||||
| Total current assets: | 322,705 | 317,668 | 315,129 | 332,910 | 340,776 | 348,679 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 54,686 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 233,923 | 264,960 | 265,675 | 256,392 | 272,534 | 277,978 | |||
| Intangible assets, net (including goodwill) | 50,306 | 97,797 | 98,977 | 179,337 | 180,476 | 181,883 | |||
| Goodwill | 38,431 | 84,412 | 84,412 | 164,112 | 164,112 | 164,112 | |||
| Intangible assets, net (excluding goodwill) | 11,875 | 13,385 | 14,565 | 15,225 | 16,364 | 17,771 | |||
| Deposits noncurrent assets | 890 | ||||||||
| Deferred costs | 6,958 | ||||||||
| Deferred income tax assets | 24,747 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Other noncurrent assets | 14,608 | 7,660 | 9,627 | 9,514 | 9,019 | 13,976 | |||
| Defined benefit plan, assets for plan benefits | ✕ | ✕ | ✕ | ✕ | 977 | 848 | |||
| Deferred tax assets, net | ✕ | ✕ | 26,090 | 24,892 | 40,016 | 48,662 | 5,566 | ||
| Other undisclosed noncurrent assets | 5,712 | 2,939 | (7,848) | ||||||
| Total noncurrent assets: | 383,982 | 396,507 | 402,110 | 485,259 | 511,668 | 480,251 | |||
| TOTAL ASSETS: | 706,687 | 714,175 | 717,239 | 818,169 | 852,444 | 828,930 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 163,032 | 153,409 | 153,025 | 144,252 | 148,127 | 154,578 | |||
| Interest and dividends payable | 3,808 | 3,876 | |||||||
| Taxes payable | 382 | 3,639 | 1,862 | 1,384 | 4,009 | 2,010 | |||
| Employee-related liabilities | 32,731 | 31,206 | 29,594 | 29,479 | 40,265 | 41,531 | |||
| Accounts payable | 79,262 | 74,836 | 78,346 | 71,582 | 71,560 | 82,485 | |||
| Accrued liabilities | 50,657 | 43,728 | 43,223 | 41,807 | 28,485 | 24,676 | |||
| Debt | 28,893 | 4,400 | 7,485 | 5,009 | 4,747 | 7,658 | |||
| Derivative instruments and hedges, liabilities | 697 | 1,928 | 4,265 | 2,653 | |||||
| Postemployment benefits liability | 3,817 | 3,951 | 4,185 | 4,892 | 4,903 | 4,800 | |||
| Deferred tax liabilities | ✕ | ✕ | 3,633 | ||||||
| Other undisclosed current liabilities | 2,184 | 3,078 | |||||||
| Total current liabilities: | 195,742 | 161,760 | 165,392 | 156,081 | 164,226 | 176,400 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 424,039 | 393,300 | 376,905 | 402,831 | 426,272 | 436,264 | |||
| Long-term debt, excluding current maturities | 375,716 | 393,300 | 376,905 | 402,831 | 426,272 | 436,264 | |||
| Liabilities, other than long-term debt | 112,693 | 109,222 | 108,048 | 114,138 | 113,564 | 140,027 | |||
| Deferred tax liabilities, net | ✕ | ✕ | 2,755 | 1,850 | 1,859 | 2,822 | 5,893 | ||
| Deferred income tax liabilities | 2,104 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Liability, pension and other postretirement and postemployment benefits | 92,126 | 88,221 | 93,313 | 99,307 | 99,556 | 119,763 | |||
| Accrued environmental loss contingencies | 1,000 | ||||||||
| Other liabilities | 18,463 | 18,246 | 12,885 | 12,972 | 11,186 | 13,156 | |||
| Operating lease, liability | 48,323 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Derivative instruments and hedges, liabilities | 215 | ||||||||
| Other undisclosed noncurrent liabilities | (1,215) | ||||||||
| Total noncurrent liabilities: | 536,732 | 502,522 | 484,953 | 516,969 | 539,836 | 575,076 | |||
| Total liabilities: | 732,474 | 664,282 | 650,345 | 673,050 | 704,062 | 751,476 | |||
| Equity | |||||||||
| Equity, attributable to parent | (25,787) | 49,893 | 66,894 | 145,119 | 148,382 | 77,454 | |||
| Common stock | 224 | 222 | 220 | 219 | 218 | 218 | |||
| Treasury stock, value | (4,448) | (1,060) | |||||||
| Additional paid in capital | 338,395 | 335,517 | 333,011 | 329,722 | 330,756 | 331,391 | |||
| Accumulated other comprehensive loss | (123,946) | (114,405) | (105,172) | (125,197) | (120,232) | (138,447) | |||
| Accumulated deficit | (240,460) | (171,441) | (161,165) | (59,625) | (57,912) | (114,648) | |||
| Total equity: | (25,787) | 49,893 | 66,894 | 145,119 | 148,382 | 77,454 | |||
| TOTAL LIABILITIES AND EQUITY: | 706,687 | 714,175 | 717,239 | 818,169 | 852,444 | 828,930 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2020 TTM | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 785,602 | 801,093 | 781,828 | 793,420 | 822,345 | 852,492 | ||
| Revenue, net | ✕ | ✕ | ✕ | 785,156 | 796,210 | 825,230 | 855,892 | |
| Cost of revenue | (631,393) | (646,202) | (634,185) | (629,916) | (648,902) | (652,747) | ||
| Cost of goods and services sold | (634,185) | (629,916) | (648,902) | (652,747) | ||||
| Other undisclosed gross profit | 3,328 | 2,790 | 2,885 | 3,400 | ||||
| Gross profit: | 154,209 | 154,891 | 150,971 | 166,294 | 176,328 | 203,145 | ||
| Operating expenses | (187,522) | (127,851) | (204,626) | (120,984) | (132,607) | (123,967) | ||
| Other undisclosed operating income | 2,058 | |||||||
| Operating income (loss): | (33,313) | 27,040 | (53,655) | 45,310 | 43,721 | 81,236 | ||
| Nonoperating income (expense) | (4,443) | (2,764) | (3,515) | 3,362 | 2,880 | 2,754 | ||
| Loss, foreign currency transaction, before tax | (2,318) | |||||||
| Net periodic defined benefits expense (reversal of expense), excluding service cost component | (1,573) | ✕ | ✕ | ✕ | ✕ | |||
| Other nonoperating income (expense) | (27) | (2,764) | (3,515) | 3,362 | 2,880 | 2,351 | ||
| Interest and debt expense | (22,510) | (21,979) | (20,400) | (20,888) | (18,484) | (22,866) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (60,266) | 2,297 | (77,570) | 27,784 | 28,117 | 61,124 | ||
| Other undisclosed loss from continuing operations before income taxes | (47,594) | |||||||
| Income (loss) from continuing operations before income taxes: | (60,266) | 2,297 | (77,570) | 27,784 | 28,117 | 13,530 | ||
| Income tax expense (benefit) | (8,753) | (10,253) | (15,798) | (17,711) | 38,216 | (8,567) | ||
| Income (loss) from continuing operations: | (69,019) | (7,956) | (93,368) | 10,073 | 66,333 | 4,963 | ||
| Income (loss) before gain (loss) on sale of properties: | (69,019) | (7,956) | (93,368) | 10,073 | 66,333 | 4,963 | ||
| Net income (loss) available to common stockholders, diluted: | (69,019) | (7,956) | (93,368) | 10,073 | 66,333 | 4,963 | ||
Comprehensive Income ($ in thousands)
| 6/30/2020 TTM | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (69,019) | (7,956) | (93,368) | 10,073 | 66,333 | 4,963 | ||
| Other comprehensive income (loss) | 20,025 | (11,147) | 29,921 | (67,077) | ||||
| Comprehensive income (loss): | (69,019) | (7,956) | (73,343) | (1,074) | 96,254 | (62,114) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (9,541) | (8,958) | 6,182 | (11,706) | 1,790 | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (78,560) | (16,914) | (73,343) | 5,108 | 84,548 | (60,324) | ||
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.