Regal Beloit Corporation (RBC) financial statements (2021 and earlier)

Company profile

Business Address 200 STATE ST
BELOIT, WI 53511
State of Incorp. WI
Fiscal Year End December 31
SIC 3621 - Motors and Generators (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments331   249184176
Cash and cash equivalents331   249184176
Receivables461492548546552583608
Inventory, net of allowances, customer advances and progress billings678726765804767791785
Inventory678726765804767791785
Assets held-for-sale, not part of disposal group 3     
Other undisclosed current assets137448490487250172156
Total current assets:1,6081,6681,8031,8371,8181,7301,724
Noncurrent Assets
Operating lease, right-of-use asset717680 
Property, plant and equipment605609622609616645650
Intangible assets, net (including goodwill)2,0692,0742,1012,1141,5092,1782,212
Goodwill1,5011,4961,5071,5071,5091,5241,535
Intangible assets, net (excluding goodwill)567578595606 653677
Disposal group, including discontinued operation, noncurrent assets  53   
Deferred income tax assets5832  
Other noncurrent assets20202323222221
Other undisclosed noncurrent assets  271226602827
Total noncurrent assets:2,8232,8102,8572,8692,8062,8712,910
TOTAL ASSETS:4,4314,4784,6604,7064,6244,6014,635
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities535555604631655651654
Accounts payable337362417430425415439
Accrued liabilities118107103123136141129
Employee-related liabilities67747167828374
Interest and dividends payable12121312121212
Debt222324211101
Derivative instruments and hedges, liabilities31154111014
Disposal group, including discontinued operation  967  
Other undisclosed current liabilities  43410  
Total current liabilities:561589645677684662768
Noncurrent Liabilities
Long-term debt and lease obligation1,1881,2561,2811,2131,3071,2781,235
Long-term debt, excluding current maturities1,1371,2001,2231,2131,3071,2781,235
Operating lease, liability515558 
Liabilities, other than long-term debt302304145308147302291
Deferred tax liabilities, net156 154144
Deferred income tax liabilities172163  
Liability, pension and other postretirement and postemployment benefits81909397969496
Disposal group, including discontinued operation, liabilities   1   
Other liabilities48495054505349
Derivative instruments and hedges, liabilities1221122
Other undisclosed noncurrent liabilities  15964148  
Total noncurrent liabilities:1,4901,5601,5851,5851,6021,5801,526
Total liabilities:2,0502,1492,2302,2622,2852,2422,294
Stockholders' equity
Stockholders' equity attributable to parent2,3512,3012,4012,4152,3112,3332,310
Common stock0000000
Additional paid in capital702708751786784819821
Accumulated other comprehensive loss(238)(278)(233)(224)(251)(229)(216)
Retained earnings1,8871,8711,8831,8521,7781,7421,704
Stockholders' equity attributable to noncontrolling interest29282929282731
Total stockholders' equity:2,3802,3292,4302,4442,3392,3602,341
TOTAL LIABILITIES AND EQUITY:4,4314,4784,6604,7064,6244,6014,635

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues738772874854882925960
Cost of revenue
(Cost of Goods and Services Sold)
(548)(570)(640)(619)(642)(683)(712)
Gross profit:190202234235240243247
Operating expenses416(129)(142)(145)(150)(155)(148)
Other undisclosed operating income (loss)(545)(0)431 (18) 
Operating income:6273961219069100
Nonoperating income (expense)2111(0)10
Investment income, nonoperating2211011
Other nonoperating income (expense)1(0)(0)(0)(0)(0)(0)
Interest and debt expense(13)(14)(13)(14)(14)(14)(14)
Income from continuing operations before income taxes:516184108755686
Income tax expense(14)(10)(16)(21)(19)(4)(18)
Net income:38516787575367
Net loss attributable to noncontrolling interest(1)(1)(1)(1)(1)(1)(1)
Net income available to common stockholders, diluted:37506786565166

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:38516787575367
Other comprehensive income (loss)41(46)(10)28(22)(16)(89)
Comprehensive income (loss):785581153437(22)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)0(0)(1)(1)(0)0
Comprehensive income (loss), net of tax, attributable to parent:775581143336(21)

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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