Lincoln Electric Holdings Inc. (LECO) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
22801 ST CLAIR AVE CLEVELAND, OH 44117 |
| State of Incorp. | OH |
| Fiscal Year End | December 31 |
| Industry (SIC) | 354 - Metalworking Machinery And Equipment (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 394 | 197 | 193 | 257 | 200 | 359 | |||
| Cash and cash equivalents | 394 | 197 | 193 | 257 | 200 | 359 | |||
| Receivables | 539 | 542 | 429 | 373 | 375 | 397 | |||
| Inventory, net of allowances, customer advances and progress billings | 563 | 665 | 540 | 381 | 394 | 362 | |||
| Inventory | 563 | 665 | 540 | 381 | 394 | 362 | |||
| Other current assets | 198 | 154 | 128 | 100 | 108 | 120 | |||
| Total current assets: | 1,693 | 1,558 | 1,290 | 1,112 | 1,076 | 1,238 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 575 | 545 | 512 | 522 | 529 | 479 | |||
| Long-term investments and receivables | 4 | ||||||||
| Long-term investments | 4 | ||||||||
| Intangible assets, net (including goodwill) | 881 | 868 | 580 | 470 | 515 | 429 | |||
| Goodwill | 694 | 665 | 430 | 336 | 337 | 281 | |||
| Intangible assets, net (excluding goodwill) | 187 | 203 | 149 | 134 | 178 | 148 | |||
| Regulated entity, other noncurrent assets | 1 | ||||||||
| Deferred income tax assets | 45 | 23 | 18 | 17 | ✕ | ||||
| Other noncurrent assets | 183 | 187 | 193 | 193 | 237 | 184 | |||
| Other undisclosed noncurrent assets | 9 | 20 | |||||||
| Total noncurrent assets: | 1,684 | 1,623 | 1,303 | 1,202 | 1,296 | 1,112 | |||
| TOTAL ASSETS: | 3,377 | 3,181 | 2,592 | 2,314 | 2,371 | 2,350 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 478 | 498 | 472 | 385 | 386 | 393 | |||
| Interest and dividends payable | ✕ | ✕ | 37 | 33 | 30 | 30 | 30 | ||
| Employee-related liabilities | ✕ | ✕ | 109 | 109 | 98 | 83 | 94 | ||
| Accounts payable | 325 | 352 | 330 | 257 | 273 | 269 | |||
| Accrued liabilities | 153 | ||||||||
| Debt | 2 | 93 | 53 | 3 | 35 | ||||
| Other liabilities | 274 | 261 | 231 | 161 | 142 | 128 | |||
| Customer advances and deposits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 17 | ||
| Other undisclosed current liabilities | 0 | ||||||||
| Total current liabilities: | 755 | 853 | 756 | 549 | 563 | 538 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 1,103 | 1,110 | 717 | 715 | 712 | 703 | |||
| Long-term debt, excluding current maturities | 1,103 | 1,110 | 717 | 715 | |||||
| Other undisclosed long-term debt and lease obligation | 712 | 703 | |||||||
| Liabilities, other than long-term debt | 211 | 183 | 255 | 259 | 277 | 222 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | 64 | 46 | ||
| Deferred income tax liabilities | 13 | 17 | 57 | 47 | ✕ | ||||
| Other liabilities | 198 | 166 | 199 | 213 | 212 | 176 | |||
| Total noncurrent liabilities: | 1,314 | 1,294 | 972 | 975 | 989 | 924 | |||
| Total liabilities: | 2,068 | 2,147 | 1,728 | 1,524 | 1,552 | 1,462 | |||
| Equity | |||||||||
| Equity, attributable to parent | 1,309 | 1,034 | 864 | 789 | 818 | 887 | |||
| Common stock | 10 | 10 | 10 | 10 | 10 | 10 | |||
| Treasury stock, value | (2,683) | (2,489) | (2,310) | (2,150) | (2,042) | (1,754) | |||
| Additional paid in capital | 523 | 482 | 451 | 410 | 389 | 360 | |||
| Accumulated other comprehensive loss | (230) | (275) | (257) | (302) | (276) | (294) | |||
| Retained earnings | 3,688 | 3,307 | 2,970 | 2,821 | 2,736 | 2,564 | |||
| Equity, attributable to noncontrolling interest | (0) | (0) | 1 | 1 | 1 | ||||
| Total equity: | 1,309 | 1,034 | 864 | 790 | 819 | 888 | |||
| TOTAL LIABILITIES AND EQUITY: | 3,377 | 3,181 | 2,592 | 2,314 | 2,371 | 2,350 | |||
Income Statement (P&L) ($ in millions)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 4,192 | 3,761 | 3,234 | 2,655 | 3,003 | 3,029 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 3,029 | |
| Cost of revenue (Cost of Goods and Services Sold) | (2,726) | (2,480) | (2,166) | (1,784) | (1,996) | (2,000) | ||
| Gross profit: | 1,465 | 1,281 | 1,069 | 871 | 1,008 | 1,029 | ||
| Operating expenses | (748) | (668) | (607) | (589) | (637) | (653) | ||
| Operating income: | 718 | 612 | 462 | 282 | 371 | 376 | ||
| Nonoperating income (expense) | 13 | 10 | (114) | 4 | 21 | 11 | ||
| Investment income, nonoperating | 3 | 7 | ||||||
| Other nonoperating income | 15 | 7 | 9 | 5 | 15 | 5 | ||
| Interest and debt expense | (51) | (31) | (24) | (24) | (26) | (25) | ||
| Income from continuing operations before equity method investments, income taxes: | 680 | 591 | 323 | 262 | 366 | 362 | ||
| Other undisclosed income from continuing operations before income taxes | 7 | 2 | 2 | 2 | 3 | 7 | ||
| Income from continuing operations before income taxes: | 687 | 593 | 325 | 264 | 368 | 369 | ||
| Income tax expense | (142) | (121) | (48) | (58) | (75) | (82) | ||
| Income from continuing operations: | 545 | 472 | 277 | 206 | 293 | 287 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 277 | 206 | 293 | 287 | |
| Net income: | 545 | 472 | 277 | 206 | 293 | 287 | ||
| Net income (loss) attributable to noncontrolling interest | (0) | (0) | 0 | 0 | ||||
| Net income available to common stockholders, diluted: | 545 | 472 | 276 | 206 | 293 | 287 | ||
Comprehensive Income ($ in millions)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 545 | 472 | 277 | 206 | 293 | 287 | ||
| Other comprehensive income (loss) | 46 | (18) | 44 | (26) | 18 | (47) | ||
| Comprehensive income: | 591 | 454 | 321 | 180 | 311 | 240 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (0) | 0 | (0) | (0) | 0 | |||
| Comprehensive income, net of tax, attributable to parent: | 591 | 454 | 321 | 180 | 311 | 241 | ||
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.