Owens Corning Inc (OC) Financial Statements (2024 and earlier)

Company Profile

Business Address ONE OWENS CORNING PARKWAY
TOLEDO, OH 43659
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 329 - Abrasive, Asbestos, And Miscellaneous (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2024
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 investments1,6151,09995971717278
Cash and cash equivalents1,6151,09995971717278
Receivables987961939919770794
Inventory, net of allowances, customer advances and progress billings1,1981,3341,0788551,0331,072
Inventory1,1981,3341,0788551,0331,072
Disposal group, including discontinued operation  45   3
Other current assets1171171211158673
Total current assets:3,9173,5563,0972,6062,0612,020
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization    7321
Operating lease, right-of-use asset222204158154203
Property, plant and equipment3,8413,7293,8733,8093,8553,811
Long-term investments and receivables    5151 
Long-term investments    5151 
Intangible assets, net (including goodwill)1,5281,6021,6171,4941,7211,779
Goodwill   (173)  
Intangible assets, net (excluding goodwill)1,5281,6021,6171,6671,7211,779
Deferred income tax assets24163128 
Other noncurrent assets313262249228188169
Other undisclosed noncurrent assets 1,3921,3839901,0381,9061,992
Total noncurrent assets:7,3207,1966,9186,8757,9457,751
TOTAL ASSETS:11,23710,75210,0159,48110,0069,771
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,2161,3451,0951,4401,3291,278
Accounts payable1,2161,3451,095875815851
Accrued liabilities    313276227
Other undisclosed accounts payable and accrued liabilities    252238200
Debt432  391009
Other liabilities615707553   
Other undisclosed current liabilities615249(39)(100)(9)
Total current liabilities:2,3242,1041,6971,4401,3291,278
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,6152,9922,9603,1262,9863,362
Long-term debt, excluding current maturities2,6152,9922,9603,1262,9863,362
Finance lease, liability 122103745919
Other undisclosed long-term debt and lease obligation (122)(103)(183)(158)(157) 
Liabilities, other than long-term debt1,0881,035914875610807
Deferred tax liabilities, net141
Deferred income tax liabilities427388376332 
Liability, pension and other postretirement and postemployment benefits181196234330410458
Other liabilities315299304213200208
Operating lease, liability16515210999138
Other undisclosed noncurrent liabilities   10999410 
Total noncurrent liabilities:3,7034,0273,9834,1004,0064,169
Total liabilities:6,0276,1315,6805,5405,3355,447
Temporary equity, carrying amount2525    
Equity
Equity, attributable to parent5,1664,5754,2963,9014,6314,283
Common stock111111
Treasury stock, value(3,292)(2,678)(1,922)(1,400)(1,130)(1,103)
Additional paid in capital4,1664,1394,0924,0594,0514,028
Accumulated other comprehensive loss(503)(681)(581)(588)(610)(656)
Retained earnings4,7943,7942,7061,8292,3192,013
Equity, attributable to noncontrolling interest192139404041
Total equity:5,1854,5964,3353,9414,6714,324
TOTAL LIABILITIES AND EQUITY:11,23710,75210,0159,48110,0069,771

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues9,6779,7618,4987,0557,1607,057
Cost of revenue
(Cost of Goods and Services Sold)
(6,994)(7,145)(6,281)(5,445)(5,551)(5,425)
Gross profit:2,6832,6162,2171,6101,6091,632
Operating expenses(871)(902)(779)(1,748)(822)(825)
Operating income (loss):1,8121,7141,438(138)787807
Nonoperating income (expense)
(loss, Foreign Currency Transaction, before Tax)
 (2)(4)    
Interest and debt expense(76)(109)(135)(132)(163)(117)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(143) 1014(34)14
Income (loss) from continuing operations before equity method investments, income taxes:1,5911,6011,313(256)590704
Income (loss) from equity method investments  1301 1(1)
Other undisclosed loss from continuing operations before income taxes  (117)    
Income (loss) from continuing operations before income taxes:1,5911,6141,314(256)591703
Income tax expense(401)(373)(319)(129)(186)(156)
Income (loss) from continuing operations:1,1901,241995(385)405547
Income (loss) before gain (loss) on sale of properties:995(385)405547
Other undisclosed net income3     
Net income (loss):1,1931,241995(385)405547
Net income (loss) attributable to noncontrolling interest3  2 (2)
Net income (loss) available to common stockholders, diluted:1,1961,241995(383)405545

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):1,1931,241995(385)405547
Other comprehensive income (loss)177(103)7004
Other undisclosed comprehensive income (loss)    2246(146)
Comprehensive income (loss):1,3701,1381,002(363)451405
Comprehensive income (loss), net of tax, attributable to noncontrolling interest43 2 (2)
Comprehensive income (loss), net of tax, attributable to parent:1,3741,1411,002(361)451403

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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