Veoneer, Inc. (VNE) Financial Statements (2024 and earlier)

Company Profile

Business Address 26545 AMERICAN DRIVE
SOUTHFIELD, MI 48034
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 3714 - Motor Vehicle Parts and Accessories (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments758859869
Cash and cash equivalents758859864
Short-term investments   5
Restricted cash and investments   
Receivables292253376
Inventory, net of allowances, customer advances and progress billings134144172
Inventory134144172
Asset, held-for-sale, not part of disposal group  317 
Other current assets151822
Other undisclosed current assets4558104
Total current assets:1,2441,6491,543
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization52 ✕
Operating lease, right-of-use asset89 ✕
Property, plant and equipment  473499
Long-term investments and receivables 153969
Due from related parties   1
Long-term investments 153968
Intangible assets, net (including goodwill)338307393
Goodwill317290291
Intangible assets, net (excluding goodwill)2117102
Contract with customer, asset, after allowance for credit loss  81 
Deferred income tax assets6 ✕
Other noncurrent assets2711177
Other undisclosed noncurrent assets37926111
Total noncurrent assets:1,0441,0941,089
TOTAL ASSETS:2,2882,7432,632
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities514432571
Taxes payable2579
Accounts payable257233369
Accrued liabilities232192193
Debt  3 
Other liabilities553847
Due to related parties 1611
Other undisclosed current liabilities211717
Total current liabilities:587591636
Noncurrent Liabilities
Long-term debt and lease obligation287160 
Long-term debt, excluding current maturities170160 
Finance lease, liability46 ✕
Liabilities, other than long-term debt1754658
Deferred income tax liabilities12 ✕
Liability, pension and other postretirement and postemployment benefits201720
Due to related parties 115 13
Other liabilities282925
Operating lease, liability71 ✕
Other undisclosed noncurrent liabilities  12812
Total noncurrent liabilities:46233470
Other undisclosed liabilities   (1)
Total liabilities:1,049925705
Equity
Equity, attributable to parent, including:1,2391,7291,826
Common stock11111187
Additional paid in capital2,3492,3431,938
Accumulated other comprehensive income (loss)5(44)(19)
Accumulated deficit(1,226)(681)(181)
Other undisclosed equity, attributable to parent   1
Equity, attributable to noncontrolling interest  89101
Total equity:1,2391,8181,927
TOTAL LIABILITIES AND EQUITY:2,2882,7432,632

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,3731,9022,228
Cost of revenue
(Cost of Goods and Services Sold)		(1,191)(1,591)(1,798)
Gross profit:182311430
Operating expenses(171)(209)(179)
Other operating income (expense), net29 18
Other undisclosed operating loss(407)(562)(466)
Operating loss:(367)(460)(197)
Nonoperating income (expense)(86)217
Investment income, nonoperating(82)207
Interest and debt expense(20)(12)(1)
Loss from continuing operations before equity method investments, income taxes:(473)(451)(191)
Income (loss) from equity method investments(39)(70)(63)
Other undisclosed income from continuing operations before income taxes   1
Loss from continuing operations before income taxes:(512)(521)(253)
Income tax expense(32)(1)(42)
Loss from continuing operations:(544)(522)(295)
Loss before gain (loss) on sale of properties:(544)(522)(295)
Other undisclosed net income   1
Net loss:(544)(522)(294)
Net income (loss) attributable to noncontrolling interest (1)2219
Other undisclosed net loss attributable to parent   (1)
Net loss available to common stockholders, diluted:(545)(500)(276)

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net loss:(544)(522)(294)
Other comprehensive income (loss)46(25)(10)
Comprehensive loss:(498)(547)(304)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (2)2219
Comprehensive loss, net of tax, attributable to parent:(500)(525)(285)

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.

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