Nortek Inc (NTK) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
500 EXCHANGE STREET PROVIDENCE, RI 02903 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3634 - Electric Housewares and Fans (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 6/30/2016 MRQ | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 25 | 58 | 81 | 145 | |||
| Cash and cash equivalents | 25 | 58 | 81 | 145 | |||
| Restricted cash and investments | 0 | 1 | 3 | 0 | |||
| Receivables | 348 | 325 | 276 | 257 | |||
| Inventory, net of allowances, customer advances and progress billings | 368 | 374 | 271 | 258 | |||
| Inventory | 368 | 374 | 271 | 258 | |||
| Prepaid expense | 19 | 18 | 20 | ✕ | |||
| Other current assets | 11 | 10 | 12 | ✕ | |||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | 28 | ||
| Income taxes receivable | ✕ | ✕ | 8 | 7 | 7 | ||
| Deferred tax assets | 28 | 30 | 29 | ||||
| Total current assets: | 771 | 823 | 700 | 724 | |||
| Noncurrent Assets | |||||||
| Property, plant and equipment | 229 | 238 | 232 | 200 | |||
| Intangible assets, net (including goodwill) | 1,115 | 1,117 | 1,022 | 923 | |||
| Goodwill | 506 | 474 | 374 | 308 | |||
| Intangible assets, net (excluding goodwill) | 609 | 643 | 649 | 615 | |||
| Regulated entity, other noncurrent assets | 14 | 17 | 16 | 19 | |||
| Restricted cash and investments | 1 | 2 | 3 | 4 | |||
| Other noncurrent assets | 15 | 13 | 18 | ✕ | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | ✕ | 21 | ||
| Other undisclosed noncurrent assets | (1) | (2) | (2) | ||||
| Total noncurrent assets: | 1,373 | 1,386 | 1,291 | 1,164 | |||
| TOTAL ASSETS: | 2,144 | 2,209 | 1,991 | 1,888 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities | 484 | 511 | 446 | 373 | |||
| Accounts payable | 269 | 289 | 215 | 174 | |||
| Accrued liabilities | 215 | 222 | 232 | 199 | |||
| Debt | 7 | 7 | 4 | 3 | |||
| Total current liabilities: | 491 | 518 | 450 | 376 | |||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation | 1,385 | 1,370 | 1,127 | 1,098 | |||
| Long-term debt, excluding current maturities | 1,385 | 1,339 | 1,093 | 1,098 | |||
| Capital lease obligations | 30 | 34 | |||||
| Liabilities, other than long-term debt, including: | 255 | 309 | 348 | 320 | |||
| Pension and other postretirement defined benefit plans, liabilities | ✕ | ✕ | 55 | 45 | 62 | ||
| Deferred tax liabilities, net | 77 | 124 | 159 | 133 | |||
| Liability for uncertainty in income taxes | 18 | 23 | 26 | ||||
| Restructuring reserve | 3 | 3 | |||||
| Other liabilities | 179 | 186 | 189 | 187 | |||
| Other undisclosed liabilities, other than long-term debt | (73) | (70) | (92) | ||||
| Total noncurrent liabilities: | 1,641 | 1,679 | 1,475 | 1,418 | |||
| Total liabilities: | 2,132 | 2,197 | 1,925 | 1,794 | |||
| Equity | |||||||
| Equity, attributable to parent | 12 | 42 | 100 | 94 | |||
| Common stock | 0 | 0 | 0 | 0 | |||
| Treasury stock, value | (58) | (55) | (16) | (10) | |||
| Additional paid in capital | 257 | 249 | 204 | 189 | |||
| Accumulated other comprehensive loss | (43) | (36) | (16) | (22) | |||
| Accumulated deficit | (144) | (117) | (72) | (63) | |||
| Total equity: | 12 | 42 | 100 | 94 | |||
| Other undisclosed liabilities and equity | (30) | (34) | |||||
| TOTAL LIABILITIES AND EQUITY: | 2,144 | 2,209 | 1,991 | 1,888 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2016 TTM | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|
| Revenues (Revenue, Net) | 2,526 | 2,546 | 2,288 | 2,201 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (1,798) | (1,805) | (1,627) | (1,561) | ||
| Gross profit: | 728 | 741 | 661 | 640 | ||
| Operating expenses | (643) | (698) | (578) | (522) | ||
| Other undisclosed operating income (loss) | (0) | 5 | 9 | |||
| Operating income: | 85 | 43 | 88 | 128 | ||
| Nonoperating income (Investment Income, Nonoperating) | 0 | 0 | ||||
| Interest and debt expense | (15) | (108) | (99) | (103) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (101) | |||||
| Income (loss) from continuing operations before income taxes: | (30) | (65) | (11) | 25 | ||
| Income tax expense (benefit) | 3 | 19 | 3 | (15) | ||
| Income (loss) from continuing operations: | (27) | (46) | (8) | 10 | ||
| Income (loss) before gain (loss) on sale of properties: | (27) | (46) | (8) | 10 | ||
| Net income (loss) available to common stockholders, diluted: | (27) | (46) | (8) | 10 | ||
Comprehensive Income ($ in millions)
| 6/30/2016 TTM | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|
| Net income (loss): | (27) | (46) | (8) | 10 | ||
| Other comprehensive income (loss) | (7) | (19) | 6 | |||
| Other undisclosed comprehensive loss | (2) | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | (34) | (65) | (2) | 8 | ||
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.