Regal Rexnord Corporation (RRX) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
111 WEST MICHIGAN STREET MILWAUKEE, WI 53203-2903 |
| State of Incorp. | WI |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3569 - General Industrial Machinery and Equipment, Not Elsewhere (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 9/30/2024 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 investments | 574 | 689 | 673 | 611 | 331 | 249 | |||
| Cash and cash equivalents | 574 | 689 | 673 | 611 | 331 | 249 | |||
| Receivables | 922 | 797 | 786 | 432 | 461 | 552 | |||
| Inventory, net of allowances, customer advances and progress billings | 1,274 | 1,337 | 1,107 | 690 | 678 | 767 | |||
| Inventory | 1,274 | 1,337 | 1,107 | 690 | 678 | 767 | |||
| Derivative instruments and hedges, assets | 15 | 14 | |||||||
| Disposal group, including discontinued operation | 369 | ||||||||
| Asset, held-for-sale, not part of disposal group | 10 | 13 | 9 | ||||||
| Other undisclosed current assets | 230 | 154 | 145 | 109 | 137 | 250 | |||
| Total current assets: | 3,384 | 3,001 | 2,723 | 1,851 | 1,608 | 1,818 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 44 | 47 | ✕ | ||||||
| Operating lease, right-of-use asset | 173 | 111 | 112 | 73 | 71 | ✕ | |||
| Property, plant and equipment | 605 | 616 | |||||||
| Intangible assets, net (including goodwill) | 10,637 | 6,249 | 6,468 | 2,049 | 2,069 | 1,509 | |||
| Goodwill | 6,553 | 4,019 | 4,039 | 1,518 | 1,501 | 1,509 | |||
| Intangible assets, net (excluding goodwill) | 4,083 | 2,230 | 2,429 | 530 | 567 | ||||
| Derivative instruments and hedges | 6 | 9 | |||||||
| Regulated entity, other noncurrent assets | 54 | 5 | 4 | 3 | |||||
| Disposal group, including discontinued operation, noncurrent assets | 94 | ||||||||
| Deferred income tax assets | 34 | 44 | 36 | 44 | 58 | ✕ | |||
| Other noncurrent assets | 69 | 58 | 34 | 16 | 20 | 22 | |||
| Other undisclosed noncurrent assets | 938 | 746 | 905 | 552 | 660 | ||||
| Total noncurrent assets: | 12,047 | 7,268 | 7,559 | 2,738 | 2,823 | 2,806 | |||
| TOTAL ASSETS: | 15,431 | 10,269 | 10,282 | 4,589 | 4,431 | 4,624 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,182 | 942 | 1,063 | 569 | 535 | 655 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 22 | 12 | 12 | 12 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | 144 | 77 | 67 | 82 | ||
| Accounts payable | 549 | 498 | 644 | 360 | 337 | 425 | |||
| Accrued liabilities | 632 | 444 | 253 | 121 | 118 | 136 | |||
| Debt | 4 | 34 | 5 | 231 | 22 | 1 | |||
| Derivative instruments and hedges, liabilities | 8 | 15 | 3 | 11 | |||||
| Disposal group, including discontinued operation | 7 | ||||||||
| Other undisclosed current liabilities | 133 | 11 | 27 | 22 | 10 | ||||
| Total current liabilities: | 1,326 | 1,002 | 1,095 | 822 | 561 | 684 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 6,377 | 1,990 | 2,003 | 896 | 1,188 | 1,307 | |||
| Long-term debt, excluding current maturities | 6,377 | 1,990 | 1,914 | 840 | 1,137 | 1,307 | |||
| Liabilities, other than long-term debt | 1,363 | 854 | 833 | 295 | 302 | 147 | |||
| Deferred income tax liabilities | 1,013 | 592 | 652 | 172 | 172 | ✕ | |||
| Liability, pension and other postretirement and postemployment benefits | 120 | 98 | 112 | 70 | 81 | 96 | |||
| Disposal group, including discontinued operation, liabilities | 20 | ||||||||
| Other liabilities | 77 | 77 | 69 | 53 | 48 | 50 | |||
| Operating lease, liability | 132 | 88 | 90 | 55 | 51 | ✕ | |||
| Derivative instruments and hedges, liabilities | 1 | 1 | |||||||
| Other undisclosed noncurrent liabilities | 148 | ||||||||
| Total noncurrent liabilities: | 7,740 | 2,844 | 2,836 | 1,190 | 1,490 | 1,602 | |||
| Total liabilities: | 9,066 | 3,846 | 3,932 | 2,012 | 2,050 | 2,285 | |||
| Equity | |||||||||
| Equity, attributable to parent | 6,344 | 6,388 | 6,312 | 2,544 | 2,351 | 2,311 | |||
| Common stock | 1 | 1 | 1 | 0 | 0 | 0 | |||
| Additional paid in capital | 4,646 | 4,610 | 4,652 | 697 | 702 | 784 | |||
| Accumulated other comprehensive loss | (282) | (352) | (195) | (163) | (238) | (251) | |||
| Retained earnings | 1,980 | 2,130 | 1,855 | 2,011 | 1,887 | 1,778 | |||
| Equity, attributable to noncontrolling interest | 21 | 34 | 38 | 33 | 29 | 28 | |||
| Total equity: | 6,365 | 6,423 | 6,350 | 2,577 | 2,380 | 2,339 | |||
| TOTAL LIABILITIES AND EQUITY: | 15,431 | 10,269 | 10,282 | 4,589 | 4,431 | 4,624 | |||
Income Statement (P&L) ($ in millions)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 6,251 | 5,218 | 3,810 | 2,907 | 3,238 | 3,646 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (4,183) | (3,548) | (2,725) | (2,098) | (2,377) | (2,681) | ||
| Gross profit: | 2,067 | 1,670 | 1,086 | 809 | 861 | 965 | ||
| Operating expenses | (1,537) | (978) | (599) | |||||
| Other undisclosed operating income (loss) | (153) | (1) | (753) | (529) | (510) | (18) | ||
| Operating income: | 377 | 690 | 332 | 280 | 351 | 347 | ||
| Nonoperating income | 52 | 11 | 13 | 10 | 6 | 0 | ||
| Investment income, nonoperating | 44 | 5 | 7 | 6 | 6 | 2 | ||
| Other nonoperating income (expense) | 9 | 5 | 5 | 4 | 0 | (2) | ||
| Interest and debt expense | (431) | (87) | (60) | (40) | (53) | (55) | ||
| Income (loss) from continuing operations before income taxes: | (2) | 614 | 285 | 251 | 304 | 292 | ||
| Income tax expense | (53) | (119) | (69) | (57) | (61) | (56) | ||
| Income (loss) from continuing operations: | (54) | 495 | 216 | 194 | 243 | 236 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 216 | 194 | 243 | 236 | |
| Net income (loss): | (54) | 495 | 216 | 194 | 243 | 236 | ||
| Net loss attributable to noncontrolling interest | (3) | (6) | (6) | (5) | (4) | (5) | ||
| Net income (loss) available to common stockholders, diluted: | (57) | 489 | 210 | 189 | 239 | 231 | ||
Comprehensive Income ($ in millions)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (54) | 495 | 216 | 194 | 243 | 236 | ||
| Other comprehensive income (loss) | 69 | (161) | (31) | 76 | 13 | (86) | ||
| Comprehensive income: | 15 | 334 | 185 | 270 | 256 | 150 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (3) | (2) | (7) | (6) | (3) | (3) | ||
| Comprehensive income, net of tax, attributable to parent: | 12 | 332 | 178 | 264 | 253 | 147 | ||
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.