Terex Corporation (TEX) financial statements (2021 and earlier)

Company profile

Business Address 200 NYALA FARM ROAD
WESTPORT, CT 06880
State of Incorp. DE
Fiscal Year End December 31
SIC 3537 - Industrial Trucks, Tractors, Trailers, and Stackers (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments535368627429467478408
Cash and cash equivalents535368627429467478408
Restricted cash and investments  5  14 
Receivables4026605805139391,0861,177
Inventory, net of allowances, customer advances and progress billings8481,2129708541,4461,4611,613
Inventory8481,2129708541,4461,4611,613
Prepaid expense226183203173225248 
Disposal group, including discontinued operation9 4733  129
Income taxes receivable✕✕✕✕✕✕12
Other current assets    6783312
Other undisclosed current assets  (5)  (14)(12)
Total current assets:2,0202,4232,3832,7013,1443,3563,639
Noncurrent Assets
Property, plant and equipment389346311305676690789
Intangible assets, net (including goodwill)2802782872781,2731,4561,690
Goodwill2702652742601,0231,1311,246
Intangible assets, net (excluding goodwill)10131418250325445
Regulated entity, other noncurrent assets     3131
Disposal group, including discontinued operation, noncurrent assets1  1,171  ✕
Other noncurrent assets506439481552544425402
Assets of disposal group, including discontinued operation✕✕✕✕✕✕16
Other undisclosed noncurrent assets     (31)(31)
Total noncurrent assets:1,1761,0631,0802,3062,4932,5722,897
TOTAL ASSETS:3,1963,4863,4635,0075,6375,9286,537
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities608940752648926940923
Accounts payable508788592523738736689
Employee-related liabilities100152160125188204234
Debt755148015387
Disposal group, including discontinued operation8 2454  46
Deferred tax liabilities✕   8713
Customer advances and deposits✕✕  143197✕
Other liabilities249270232230242279270
Other undisclosed current liabilities  45616068385
Total current liabilities:8721,2151,0361,4071,4591,6431,725
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,1691,2159801,5621,7511,6361,890
Capital lease obligations✕    34
Other undisclosed long-term debt and lease obligation1,1691,2159801,5621,7511,6331,886
Liabilities, other than long-term debt222196225517516650767
Pension and other postretirement defined benefit plans, liabilities✕✕✕✕✕✕388
Deferred tax liabilities, net✕    41114
Liability, pension and other postretirement and postemployment benefits 141151154376433✕
Disposal group, including discontinued operation, liabilities1 1312  6
Other liabilities221557351140177260
Other undisclosed noncurrent liabilities     (41)(114)
Total noncurrent liabilities:1,3911,4101,2052,0792,2672,2462,543
Total liabilities:2,2632,6252,2403,4863,7253,8894,268
Temporary equity, carrying amount      54
Stockholders' equity
Stockholders' equity attributable to parent9328611,2221,4851,8772,0062,190
Common stock1111111
Treasury stock, value(407)(402)(1,858)(935)(852)(802)(630)
Additional paid in capital8247971,3221,3001,2731,2521,248
Accumulated other comprehensive loss(258)(285)(240)(779)(650)(430)(117)
Retained earnings7717491,9961,8982,1051,9851,688
Stockholders' equity attributable to noncontrolling interest 1137353325
Total stockholders' equity:9328611,2231,5211,9122,0392,215
TOTAL LIABILITIES AND EQUITY:3,1963,4863,4635,0075,6375,9286,537

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues4,3535,1254,3634,4436,5437,3097,084
Cost of revenue(3,465)(4,158)(3,547)(3,731)(5,235)(5,855)(5,645)
Gross profit:8889678167121,3091,4541,440
Operating expenses(553)(674)(732)(860)(953)(1,205)(1,132)
Other undisclosed operating income  90  175112
Operating income (loss):335293174(148)355423419
Nonoperating income (expense)0(71)59(21)(19)312
Investment income, nonoperating7974477
Other nonoperating income (expense)(6)(80)52(25)(23)(3)5
Interest and debt expense(88)(74)(120)(102)(105)(122)(131)
Income (loss) from continuing operations before equity method investments, income taxes:248149112(271)232305300
Other undisclosed loss from continuing operations before income taxes    (5)(7)(9)
Income (loss) from continuing operations before income taxes:248149112(271)227297291
Income tax expense (benefit)(38)(37)(52)77(81)(38)(87)
Income (loss) from continuing operations:21011160(193)146260204
Income from discontinued operations  694360 
Income (loss) before gain (loss) on sale of properties:210111129(190)149320204
Other undisclosed net income (loss)(155)2 14  17
Net income (loss):54114129(176)149320221
Other undisclosed net income (loss) attributable to parent   (1)(3)(1)5
Net income (loss) available to common stockholders, diluted:54114129(176)146319226

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):54114129(176)149320221
Other comprehensive income (loss)27(43)540(130)(220)(313) 
Other undisclosed comprehensive income      8
Comprehensive income (loss):8271669(306)(71)6229
Comprehensive loss, net of tax, attributable to noncontrolling interest   (0)(3)(0)(5)
Other undisclosed comprehensive income, net of tax, attributable to parent      9
Comprehensive income (loss), net of tax, attributable to parent:8271669(306)(74)6234

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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