Precision Castparts Corp (PCP) financial statements (2021 and earlier)

Company profile

Business Address 4650 SW MACADAM AVE
PORTLAND, OR 97239
State of Incorp. OR
Fiscal Year End March 31
SIC 332 - Iron And Steel Foundries (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

9/30/2015
Q2
6/30/2015
Q1
3/31/2015
Q4
12/31/2014
Q3
9/30/2014
Q2
6/30/2014
Q1
3/31/2014
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6321,056474430404373361
Cash and cash equivalents6321,056474430404373361
Receivables1,5821,6441,7101,7011,6661,6561,578
Inventory, net of allowances, customer advances and progress billings3,7693,7603,6403,7403,6563,5993,438
Inventory3,7693,7603,6403,7403,6563,5993,438
Disposal group, including discontinued operation292928293199
Income taxes receivable3724174
Other undisclosed current assets1408083788193117
Total current assets:6,1526,5695,9726,0025,8555,7305,507
Noncurrent Assets
Property, plant and equipment2,5882,5462,4742,4242,4072,3952,309
Long-term investments and receivables229235238415420416416
Long-term investments229235238415420416416
Intangible assets, net (including goodwill)10,83610,6547,1017,1677,2447,3087,114
Goodwill6,8756,9186,6616,7176,7816,8286,624
Intangible assets, net (excluding goodwill)3,9613,736440450463480490
Disposal group, including discontinued operation, noncurrent assets3129     
Other noncurrent assets341337311291274271263
Assets of disposal group, including discontinued operation2837382527
Deferred tax assets, net1212     
Other undisclosed noncurrent assets  3,3043,3153,3243,3302,950
Total noncurrent assets:14,03713,81313,45613,64913,70713,74513,079
TOTAL ASSETS:20,18920,38219,42819,65119,56219,47518,586
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,4511,6571,9251,6921,6141,6991,815
Accounts payable9451,0411,1621,1081,0159781,047
Accrued liabilities506519559584599557556
Employee-related liabilities  204   212
Taxes payable 97   164 
Debt5075061,09364832132
Accrued environmental loss contingencies8190951061185161
Disposal group, including discontinued operation111113141233
Deferred tax liabilities4422 2210  
Other undisclosed current liabilities(81)(90)(299)(106)(118)(51)(273)
Total current liabilities:2,0132,1962,8272,3761,9571,7051,608
Noncurrent Liabilities
Long-term debt and lease obligation4,4914,7793,4933,4983,9993,9103,569
Long-term debt, excluding current maturities4,4914,7793,4933,4983,9993,9103,569
Liabilities, other than long-term debt2,1802,1592,1511,9641,9492,0461,996
Pension and other postretirement defined benefit plans, liabilities678456450444442
Deferred tax liabilities, net989957924951934916947
Liability, pension and other postretirement and postemployment benefits664663     
Disposal group, including discontinued operation, liabilities3333322
Other liabilities524536546554562684605
Total noncurrent liabilities:6,6716,9385,6445,4625,9485,9565,565
Total liabilities:8,6849,1348,4717,8387,9057,6617,173
Stockholders' equity
Stockholders' equity attributable to parent11,47611,21910,92911,78711,63211,78911,386
Common stock137137139142143145145
Additional paid in capital  607248831,3801,487
Accumulated other comprehensive loss(938)(833)(955)(633)(507)(387)(418)
Retained earnings12,27711,91511,68511,55411,11310,65110,172
Stockholders' equity attributable to noncontrolling interest29292826252527
Total stockholders' equity:11,50511,24810,95711,81311,65711,81411,413
TOTAL LIABILITIES AND EQUITY:20,18920,38219,42819,65119,56219,47518,586

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

9/30/2015
Q2
6/30/2015
Q1
3/31/2015
Q4
12/31/2014
Q3
9/30/2014
Q2
6/30/2014
Q1
3/31/2014
Q4
Revenues
(Revenue, Net)
2,2872,4122,5042,4592,5222,5282,530
Cost of revenue(1,593)(1,634)(1,949)(1,634)(1,664)(1,639)(1,648)
Cost of goods and services sold(1,572)(1,625) (1,629)(1,659)(1,634)(1,642)
Gross profit:694778555825858889882
Operating expenses(178)(178)(200)(171)(168)(169)(177)
Other undisclosed operating income321913716161615
Operating income:548619492670706736720
Nonoperating income
(Investment Income, Nonoperating)
1111112
Interest and debt expense(33)(20)(18)(17)(17)(17)(17)
Income from continuing operations before equity method investments, income taxes:516600475654690720705
Loss from equity method investments(2)(3)(173)(1)(1)  
Income from continuing operations before income taxes:514597302653689720705
Income tax expense(169)(197)(149)(210)(220)(237)(224)
Income from continuing operations:345400153443469483481
Income (loss) from discontinued operations(1)(1)(16)3(1)(1)5
Income before gain (loss) on sale of properties:344399137446468482486
Other undisclosed net income 1     
Net income:344400137446468482486
Net income (loss) attributable to noncontrolling interest(1)(1)(2)(1)(1)1(2)
Net income available to common stockholders, diluted:343399135445467483484

Comprehensive Income ($ in millions)

9/30/2015
Q2
6/30/2015
Q1
3/31/2015
Q4
12/31/2014
Q3
9/30/2014
Q2
6/30/2014
Q1
3/31/2014
Q4
Net income:344400137446468482486
Other comprehensive income (loss)(105)122(322)(126)(120)313
Comprehensive income (loss):239522(185)320348513489
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)(4)(8)(3)(5)(2)3
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  166104(6)
Comprehensive income (loss), net of tax, attributable to parent:238518(177)323353515486

Statements sources

The financial statements are based on the company's filings with the 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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