Welbilt, Inc. (WBT) financial statements (2021 and earlier)

Company profile

Business Address 2227 WELBILT BOULEVARD
NEW PORT RICHEY, FL 34655
State of Incorp. DE
Fiscal Year End December 31
SIC 358 - Refrigeration And Service Industry Machinery (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12513110212854
Cash and cash equivalents1251317012854
Short-term investments  32  
Restricted cash and investments0 306
Receivables1661841138482
Inventory, net of allowances, customer advances and progress billings181186191152146
Inventory181186191152146
Disposal group, including discontinued operation    7
Other current assets5028321914
Total current assets:522529441384308
Noncurrent Assets
Operating lease, right-of-use asset48 
Property, plant and equipment129128119112109
Intangible assets, net (including goodwill)1,4131,4411,4821,3081,330
Goodwill943933936846845
Intangible assets, net (excluding goodwill)470508547461484
Other noncurrent assets3128333722
Other undisclosed noncurrent assets 40   
Total noncurrent assets:1,6201,6361,6351,4571,461
TOTAL ASSETS:2,1422,1652,0751,8401,769
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities169188233215180
Accounts payable86104151104108
Accrued liabilities4138426639
Employee-related liabilities3635303130
Taxes payable61110143
Deferred revenue3 
Debt111612
Derivative instruments and hedges, liabilities1518  
Restructuring reserve46353
Disposal group, including discontinued operation    1
Deferred revenue and credits44
Deferred tax liabilities  3
Customer advances and deposits37
Contract with customer, liability33
Other undisclosed current liabilities10412810571114
Total current liabilities:282331379298313
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,4081,4031,3221,2321,279
Finance lease, liability1 
Operating lease, liability38 
Other undisclosed long-term debt and lease obligation1,3691,4031,3221,2321,279
Liabilities, other than long-term debt15980112207268
Accounts payable and accrued liabilities  12  
Deferred tax liabilities, net 91138
Deferred income tax liabilities77 
Liability for uncertainty in income taxes104   
Liability, pension and other postretirement and postemployment benefits2833394895
Restructuring reserve7910  
Other liabilities3734456736
Derivative instruments and hedges, liabilities  6  
Other undisclosed noncurrent liabilities219876 (47)
Total noncurrent liabilities:1,5871,5811,5101,4391,500
Total liabilities:1,8691,9121,8891,7371,813
Stockholders' equity
Stockholders' equity attributable to parent273253186104(44)
Common stock11111
Treasury stock, value (0)(0)(0) 
Additional paid in capital(26)(31)(42)(55)(72)
Accumulated other comprehensive loss(20)(42)(42)(32)(43)
Retained earnings31732526818971
Total stockholders' equity:273253186104(44)
TOTAL LIABILITIES AND EQUITY:2,1422,1652,0751,8401,769

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues1,1531,5941,5901,4451,457
Revenue, net1,4451,457
Cost of revenue
(Cost of Goods and Services Sold)
(743)(1,027)(1,021)(909)(924)
Gross profit:410567569537533
Operating expenses(285)(344)(316)(289)(332)
Other operating expense, net   (9)(9)
Operating income:125223254239192
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
5(6)(30)  
Interest and debt expense(81)(93)(98)(89)(85)
Other undisclosed loss from continuing operations before equity method investments, income taxes(62)(49)(37)(29)(2)
Income (loss) from continuing operations before income taxes:(14)7689121105
Income tax expense (benefit)6(20)(11)12(25)
Net income (loss) available to common stockholders, diluted:(7)567813380

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):(7)567813380
Other comprehensive income   111
Comprehensive income (loss):(7)567814481
Other undisclosed comprehensive income (loss), net of tax, attributable to parent220(10)  
Comprehensive income, net of tax, attributable to parent:15566914481

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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