Libbey, Inc. (LBY) Financial Statements (2024 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
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments66,06248,91827,66832,29814,96525,066
Cash and cash equivalents66,06248,91827,66832,29814,96525,066
Receivables61,91981,30792,28892,95081,91783,977
Inventory, net of allowances, customer advances and progress billings189,490174,797195,669202,564209,868192,103
Inventory189,490174,797195,669202,564209,868192,103
Other undisclosed current assets18,00817,68319,16618,49619,48416,522
Total current assets:335,479322,705334,791346,308326,234317,668
Noncurrent Assets
Operating lease, right-of-use asset69,76154,68662,052  
Property, plant and equipment229,645233,923249,734256,900258,968264,960
Intangible assets, net (including goodwill)11,70250,30650,29950,40897,48297,797
Goodwill  38,43138,43138,43184,41284,412
Intangible assets, net (excluding goodwill)11,70211,87511,86811,97713,07013,385
Deferred income tax assets  24,747   
Other noncurrent assets14,48714,60814,67011,62310,2937,660
Deferred tax assets, net27,79727,72926,090
Other undisclosed noncurrent assets6,3125,71229,34665,57165,621 
Total noncurrent assets:331,907383,982406,101412,299460,093396,507
TOTAL ASSETS:667,386706,687740,892758,607786,327714,175
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities134,122163,032159,708157,995142,841153,409
Taxes payable3383824,4243,7263,0683,639
Employee-related liabilities20,51632,73131,88826,61725,27031,206
Accounts payable74,72379,26274,96379,63575,36674,836
Accrued liabilities38,54550,65748,43348,01739,13743,728
Debt18,12428,89316,8654,4004,4004,400
Postemployment benefits liability3,8083,8173,9563,9573,9553,951
Other undisclosed current liabilities11,585  12,80012,499 
Total current liabilities:167,639195,742180,529179,152163,695161,760
Noncurrent Liabilities
Long-term debt and lease obligation490,064424,039462,231419,413417,625393,300
Long-term debt, excluding current maturities 425,544375,716411,906419,413417,625393,300
Liabilities, other than long-term debt99,612112,693106,251108,963107,674109,222
Deferred tax liabilities, net2,5222,7132,755
Deferred income tax liabilities2,1042,104   
Liability, pension and other postretirement and postemployment benefits83,57892,12682,23283,91286,23988,221
Other liabilities13,93018,46324,01922,52918,72218,246
Operating lease, liability64,52048,32350,325  
Other undisclosed noncurrent liabilities  2,42953,75053,672 
Total noncurrent liabilities:589,676536,732570,911582,126578,971502,522
Total liabilities:757,315732,474751,440761,278742,666664,282
Equity
Equity, attributable to parent(89,929)(25,787)(10,548)(2,671)43,66149,893
Common stock226224224223223222
Additional paid in capital338,789338,395338,098337,155336,129335,517
Accumulated other comprehensive loss(109,736)(123,946)(125,663)(120,299)(116,708)(114,405)
Accumulated deficit(319,208)(240,460)(223,207)(219,750)(175,983)(171,441)
Total equity:(89,929)(25,787)(10,548)(2,671)43,66149,893
TOTAL LIABILITIES AND EQUITY:667,386706,687740,892758,607786,327714,175

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

6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
Revenues151,164209,762193,222206,969175,649212,396
Cost of revenue(128,241)(170,622)(158,836)(160,244)(141,691)(174,908)
Gross profit:22,92339,14034,38646,72533,95837,488
Operating expenses(65,049)(46,266)(30,982)(77,694)(32,580)(29,455)
Operating income (loss):(42,126)(7,126)3,404(30,969)1,3788,033
Nonoperating income (expense)(10,652)(2,585)346(620)(1,584)(1,784)
Gain (loss), foreign currency transaction, before tax4,779 810   
Net periodic defined benefits expense (reversal of expense), excluding service cost component(916) (375)   
Other nonoperating income (expense)44 (89)(620)(1,584)(1,784)
Interest and debt expense(5,591)(5,300)(5,699)(5,879)(5,632)(5,787)
Income (loss) from continuing operations before equity method investments, income taxes:(58,369)(15,011)(1,949)(37,468)(5,838)462
Other undisclosed loss from continuing operations before income taxes      
Income (loss) from continuing operations before income taxes:(58,369)(15,011)(1,949)(37,468)(5,838)462
Income tax expense (benefit)(20,379)(2,242)(1,508)(6,299)1,296(4,486)
Loss from continuing operations:(78,748)(17,253)(3,457)(43,767)(4,542)(4,024)
Loss before gain (loss) on sale of properties:(78,748)(17,253)(3,457)(43,767)(4,542)(4,024)
Net loss available to common stockholders, diluted:(78,748)(17,253)(3,457)(43,767)(4,542)(4,024)

Comprehensive Income ($ in thousands)

6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
Net loss:(78,748)(17,253)(3,457)(43,767)(4,542)(4,024)
Comprehensive loss:(78,748)(17,253)(3,457)(43,767)(4,542)(4,024)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent14,2101,717(5,364)(3,591)(2,303)(8,908)
Comprehensive loss, net of tax, attributable to parent:(64,538)(15,536)(8,821)(47,358)(6,845)(12,932)

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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