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 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 83 | 74 | 113 | ||||||
Cash and cash equivalents | 83 | 74 | 113 | ||||||
Receivables | (11) | (9) | (8) | (10) | (14) | (23) | |||
Inventory, net of allowances, customer advances and progress billings | 790 | 563 | 420 | 377 | 388 | 581 | |||
Inventory | 790 | 563 | 420 | 377 | 388 | 581 | |||
Contract with customer, asset, after allowance for credit loss | 41 | 37 | ✕ | ||||||
Other current assets | 128 | 112 | 106 | 99 | 89 | 223 | |||
Other undisclosed current assets | 651 | 638 | 458 | 472 | 466 | 854 | |||
Total current assets: | 1,559 | 1,304 | 975 | 1,062 | 1,039 | 1,749 | |||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | 79 | 85 | 84 | ✕ | ✕ | ||||
Property, plant and equipment | 345 | 310 | 301 | 546 | |||||
Intangible assets, net (including goodwill) | 4,347 | 2,933 | 2,718 | 2,598 | 2,349 | 5,910 | |||
Goodwill | 3,253 | 2,505 | 2,392 | 2,258 | 2,073 | 4,351 | |||
Intangible assets, net (excluding goodwill) | 1,095 | 428 | 326 | 339 | 276 | 1,558 | |||
Regulated entity, other noncurrent assets | 7 | ||||||||
Deferred costs | 22 | 26 | 23 | ||||||
Other noncurrent assets | 197 | 146 | 430 | ||||||
Other undisclosed noncurrent assets | 97 | 97 | 97 | (552) | |||||
Total noncurrent assets: | 4,889 | 3,450 | 3,222 | 2,794 | 2,495 | 6,339 | |||
Other undisclosed assets | 283 | 273 | 546 | ||||||
TOTAL ASSETS: | 6,448 | 4,754 | 4,197 | 4,140 | 3,807 | 8,634 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 461 | 526 | 362 | 749 | 819 | 1,199 | |||
Employee-related liabilities | ✕ | ✕ | 140 | 117 | 71 | 112 | 187 | ||
Accounts payable | 355 | 386 | 245 | 325 | 379 | 496 | |||
Accrued liabilities | 106 | 353 | 328 | 517 | |||||
Other liabilities | 602 | 526 | 410 | ||||||
Total current liabilities: | 1,063 | 1,052 | 773 | 749 | 819 | 1,199 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 2,317 | 894 | 840 | 1,029 | 788 | 1,441 | |||
Long-term debt, excluding current maturities | 2,317 | 894 | 840 | 1,029 | 788 | 1,441 | |||
Liabilities, other than long-term debt | 359 | 386 | 479 | 303 | 364 | 956 | |||
Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | 106 | 395 | ||
Deferred income tax liabilities | 43 | 90 | 107 | ✕ | ✕ | ||||
Liability, pension and other postretirement and postemployment benefits | 71 | 93 | 102 | 96 | 90 | 286 | |||
Other liabilities | 245 | 203 | 269 | 207 | 168 | 275 | |||
Other undisclosed noncurrent liabilities | 104 | ||||||||
Total noncurrent liabilities: | 2,676 | 1,280 | 1,318 | 1,437 | 1,152 | 2,397 | |||
Total liabilities: | 3,739 | 2,332 | 2,091 | 2,186 | 1,970 | 3,596 | |||
Equity | |||||||||
Equity, attributable to parent | 2,706 | 2,420 | 2,105 | 1,952 | 1,834 | 5,036 | |||
Additional paid in capital | 1,555 | 1,583 | 1,681 | 1,778 | 1,894 | 2,798 | |||
Accumulated other comprehensive loss | (239) | (214) | (207) | (227) | (229) | (243) | |||
Retained earnings | 1,391 | 1,051 | 631 | 401 | 169 | 2,482 | |||
Other undisclosed equity | 2 | 2 | 2 | 2 | 2 | 2 | |||
Total equity: | 2,708 | 2,422 | 2,106 | 1,954 | 1,836 | 5,038 | |||
TOTAL LIABILITIES AND EQUITY: | 6,448 | 4,754 | 4,197 | 4,140 | 3,807 | 8,634 |
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 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 4,122 | 3,765 | 3,018 | 2,957 | 2,965 | 4,937 | ||
Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 4,937 | |
Cost of revenue (Cost of Goods and Services Sold) | (2,757) | (2,446) | (1,960) | (1,906) | (1,917) | (3,107) | ||
Gross profit: | 1,365 | 1,319 | 1,058 | 1,052 | 1,048 | 1,829 | ||
Operating expenses | (769) | (682) | (596) | (619) | (611) | (1,148) | ||
Operating income: | 595 | 637 | 461 | 433 | 437 | 681 | ||
Nonoperating income (expense) | 17 | 1 | (5) | 3 | 10 | |||
Investment income, nonoperating | 10 | |||||||
Other nonoperating income (expense) | 17 | 1 | (5) | 3 | ||||
Interest and debt expense | (30) | (50) | (199) | |||||
Income from continuing operations before equity method investments, income taxes: | 612 | 638 | 456 | 405 | 387 | 492 | ||
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: | 551 | 627 | 432 | 408 | 380 | 489 | ||
Income tax expense | (67) | (71) | (75) | (46) | (58) | (9) | ||
Income from continuing operations: | 483 | 556 | 357 | 362 | 322 | 480 | ||
Income before gain (loss) on sale of properties: | ✕ | ✕ | 556 | 359 | 356 | 347 | 488 | |
Income (loss) from discontinued operations | 2 | (6) | 26 | 8 | ||||
Other undisclosed net income (loss) | (2) | (3) | 179 | |||||
Net income available to common stockholders, diluted: | 481 | 553 | 359 | 356 | 347 | 667 |
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: | 481 | 553 | 359 | 356 | 347 | 667 | ||
Other comprehensive income (loss) | (25) | (7) | 19 | 493 | ||||
Comprehensive income: | 456 | 546 | 378 | 356 | 347 | 1,159 | ||
Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 2 | 15 | ||||||
Comprehensive income, net of tax, attributable to parent: | 456 | 546 | 378 | 358 | 362 | 1,159 |
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.