Visteon Corporation (VC) financial statements (2022 and earlier)

Company profile

Business Address ONE VILLAGE CENTER DRIVE
VAN BUREN TOWNSHIP, MI 48111
State of Incorp. DE
Fiscal Year End December 31
SIC 3714 - Motor Vehicle Parts and Accessories (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments496431755822466443435
Cash and cash equivalents496431755822466443435
Restricted cash and investments4443333
Receivables484476334401514457468
Inventory, net of allowances, customer advances and progress billings177164170180169192187
Inventory177164170180169192187
Other current assets180193163177193192190
Total current assets:1,3411,2681,4261,5831,3451,2871,283
Noncurrent Assets
Operating lease, right-of-use asset172168157    
Property, plant and equipment374418416420436410414
Long-term investments and receivables60515048484848
Long-term investments60515048484848
Intangible assets, net (including goodwill), including:127126125126127124126
Goodwill494745454646 
Intangible assets, net (excluding goodwill)787980818178 
Other undisclosed intangible assets, net (including goodwill)      126
Advance royalties   713  
Other noncurrent assets135133146150150139157
Other undisclosed noncurrent assets62  154152156164
Total noncurrent assets:930896894905926877909
TOTAL ASSETS:2,2712,1642,3202,4882,2712,1642,192
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities583568391501604537518
Accounts payable500494332442511464447
Accrued liabilities    20  
Employee-related liabilities83745959737371
Debt32312236374754
Restructuring reserve    101114
Other liabilities209189156162147150161
Other undisclosed current liabilities  2930 1715
Total current liabilities:824788598729798762762
Noncurrent Liabilities
Long-term debt and lease obligation495493883748348348348
Long-term debt, excluding current maturities349348748748348348348
Operating lease, liability146145135    
Liabilities, other than long-term debt13577679110897103
Deferred tax liabilities, net27272726
Deferred income tax liabilities28      
Liability for uncertainty in income taxes6555 65
Due to related parties9   9  
Other liabilities92726259726472
Other undisclosed noncurrent liabilities307304304419422373386
Total noncurrent liabilities:9378741,2541,258878818837
Total liabilities:1,7611,6621,8521,9871,6761,5801,599
Stockholders' equity
Stockholders' equity attributable to parent387385358394480474477
Common stock1111111
Treasury stock, value(2,281)(2,283)(2,284)(2,284)(2,275)(2,277)(2,277)
Additional paid in capital1,3481,3441,3411,3371,3421,3401,338
Accumulated other comprehensive loss(304)(282)(299)(304)(267)(234)(215)
Retained earnings1,6231,6051,5991,6441,6791,6441,630
Stockholders' equity attributable to noncontrolling interest123117110107115110116
Total stockholders' equity:510502468501595584593
TOTAL LIABILITIES AND EQUITY:2,2712,1642,3202,4882,2712,1642,192

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues787747371643744731733
Cost of revenue(696)(648)(367)(590)(640)(647)(663)
Cost of goods and services sold(698)(648)(367)(590)(640)(647)(663)
Other undisclosed gross profit(2)      
Gross profit:89994531048470
Operating expenses(330)(45)(41)(54)(381)(52)(58)
Other operating income, net9   10  
Operating income (loss):(232)54(37)(1)(267)3212
Nonoperating income (expense)(20)455134
Investment income, nonoperating 121 11
Other nonoperating income 334 23
Interest and debt expense(2)(6)(5)(3)(3)(4)(3)
Other undisclosed income from continuing operations before equity method investments, income taxes212   316  
Income (loss) from continuing operations before equity method investments, income taxes:(42)52(37)1473113
Other undisclosed income (loss) from continuing operations before income taxes71(30)(3)(32)1 3
Income (loss) from continuing operations before income taxes:2922(40)(31)483116
Income tax expense(9)(12)(2)(5)(8)(13)(8)
Income (loss) from continuing operations:2010(42)(36)40188
Loss from discontinued operations    (1)  
Net income (loss):2010(42)(36)39188
Net income (loss) attributable to noncontrolling interest(2)(4)(3)1(4)(4)(1)
Net income (loss) available to common stockholders, diluted:186(45)(35)35147

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):2010(42)(36)39188
Other comprehensive income (loss)(29)205(37)(52)(22)(4)
Other undisclosed comprehensive income11   20  
Comprehensive income (loss):230(37)(73)7(4)4
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (11)(3)1(2)(4)(1)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(6)4  (3)31
Comprehensive income (loss), net of tax, attributable to parent:(4)23(40)(72)2(5)4

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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