Pentair plc. (PNR) Financial Statements (2024 and earlier)

Company Profile

Business Address REGAL HOUSE, 70 LONDON ROAD
LONDON, TW13QS
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 355 - Special Industry Machinery, Except Metalworking (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments   8374113
Cash and cash equivalents   8374113
Receivables(11)(9)(8)(10)(14)(23)
Inventory, net of allowances, customer advances and progress billings790563420377388581
Inventory790563420377388581
Contract with customer, asset, after allowance for credit loss    4137
Other current assets1281121069989223
Other undisclosed current assets651638458472466854
Total current assets:1,5591,3049751,0621,0391,749
Noncurrent Assets
Operating lease, right-of-use asset 798584 
Property, plant and equipment345310301  546
Intangible assets, net (including goodwill) 4,3472,9332,7182,5982,3495,910
Goodwill 3,2532,5052,3922,2582,0734,351
Intangible assets, net (excluding goodwill) 1,0954283263392761,558
Regulated entity, other noncurrent assets      7
Deferred costs 222623   
Other noncurrent assets   197146430
Other undisclosed noncurrent assets 979797  (552)
Total noncurrent assets:4,8893,4503,2222,7942,4956,339
Other undisclosed assets    283273546
TOTAL ASSETS:6,4484,7544,1974,1403,8078,634
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4615263627498191,199
Employee-related liabilities14011771112187
Accounts payable355386245325379496
Accrued liabilities106  353328517
Other liabilities602526410   
Total current liabilities:1,0631,0527737498191,199
Noncurrent Liabilities
Long-term debt and lease obligation2,3178948401,0297881,441
Long-term debt, excluding current maturities2,3178948401,0297881,441
Liabilities, other than long-term debt359386479303364956
Deferred tax liabilities, net106395
Deferred income tax liabilities4390107 
Liability, pension and other postretirement and postemployment benefits71931029690286
Other liabilities245203269207168275
Other undisclosed noncurrent liabilities    104  
Total noncurrent liabilities:2,6761,2801,3181,4371,1522,397
Total liabilities:3,7392,3322,0912,1861,9703,596
Equity
Equity, attributable to parent2,7062,4202,1051,9521,8345,036
Additional paid in capital1,5551,5831,6811,7781,8942,798
Accumulated other comprehensive loss(239)(214)(207)(227)(229)(243)
Retained earnings1,3911,0516314011692,482
Other undisclosed equity222222
Total equity:2,7082,4222,1061,9541,8365,038
TOTAL LIABILITIES AND EQUITY:6,4484,7544,1974,1403,8078,634

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues4,1223,7653,0182,9572,9654,937
Revenue, net4,937
Cost of revenue
(Cost of Goods and Services Sold)
(2,757)(2,446)(1,960)(1,906)(1,917)(3,107)
Gross profit:1,3651,3191,0581,0521,0481,829
Operating expenses(769)(682)(596)(619)(611)(1,148)
Operating income:595637461433437681
Nonoperating income (expense)171(5)3 10
Investment income, nonoperating      10
Other nonoperating income (expense)171(5)3  
Interest and debt expense    (30)(50)(199)
Income from continuing operations before equity method investments, income taxes:612638456405387492
Income from equity method investments      1
Other undisclosed income (loss) from continuing operations before income taxes(62)(11)(24)2(7)(4)
Income from continuing operations before income taxes:551627432408380489
Income tax expense(67)(71)(75)(46)(58)(9)
Income from continuing operations:483556357362322480
Income before gain (loss) on sale of properties:556359356347488
Income (loss) from discontinued operations   2(6)268
Other undisclosed net income (loss)(2)(3)   179
Net income available to common stockholders, diluted:481553359356347667

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:481553359356347667
Other comprehensive income (loss)(25)(7)19  493
Comprehensive income:4565463783563471,159
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   215 
Comprehensive income, net of tax, attributable to parent:4565463783583621,159

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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