Welbilt, Inc. (WBT) Financial Statements (2024 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2022
MRQ
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 13412513110212854
Cash and cash equivalents 1341251317012854
Short-term investments    32  
Restricted cash and investments 10 306
Receivables 2211661841138482
Inventory, net of allowances, customer advances and progress billings 294181186191152146
Inventory 294181186191152146
Disposal group, including discontinued operation      7
Other current assets 595028321914
Total current assets: 708522529441384308
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 2  
Operating lease, right-of-use asset 4448 
Property, plant and equipment (302)129128119112109
Intangible assets, net (including goodwill) 1,3571,4131,4411,4821,3081,330
Goodwill 936943933936846845
Intangible assets, net (excluding goodwill) 421470508547461484
Other noncurrent assets 333128333722
Other undisclosed noncurrent assets 436 40   
Total noncurrent assets: 1,5701,6201,6361,6351,4571,461
TOTAL ASSETS: 2,2782,1422,1652,0751,8401,769
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 230169188233215180
Taxes payable 761110143
Employee-related liabilities 523635303130
Accounts payable 13186104151104108
Accrued liabilities 414138426639
Deferred revenue 43 
Debt 1111612
Derivative instruments and hedges, liabilities  1518  
Restructuring reserve 246353
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 liabilities 13710412810571114
Total current liabilities: 373282331379298313
Noncurrent Liabilities
Long-term debt and lease obligation, including: 1,3881,4081,4031,3221,2321,279
Finance lease, liability 11 
Other undisclosed long-term debt and lease obligation 1,3521,3691,4031,3221,2321,279
Liabilities, other than long-term debt 13815980112207268
Accounts payable and accrued liabilities    12  
Deferred tax liabilities, net 91138
Deferred income tax liabilities 6477 
Liability for uncertainty in income taxes 10104   
Liability, pension and other postretirement and postemployment benefits 222833394895
Restructuring reserve 67910  
Other liabilities 373734456736
Operating lease, liability 3538 
Derivative instruments and hedges, liabilities    6  
Other undisclosed noncurrent liabilities 20219876 (47)
Total noncurrent liabilities: 1,5461,5871,5811,5101,4391,500
Total liabilities: 1,9191,8691,9121,8891,7371,813
Equity
Equity, attributable to parent 358273253186104(44)
Common stock 111111
Treasury stock, value   (0)(0)(0) 
Additional paid in capital (5)(26)(31)(42)(55)(72)
Accumulated other comprehensive loss (25)(20)(42)(42)(32)(43)
Retained earnings 38731732526818971
Total equity: 358273253186104(44)
TOTAL LIABILITIES AND EQUITY: 2,2782,1422,1652,0751,8401,769

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

3/31/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 1,5471,1531,5941,5901,4451,457
Revenue, net1,4451,457
Cost of revenue
(Cost of Goods and Services Sold)
 (987)(743)(1,027)(1,021)(909)(924)
Gross profit: 560410567569537533
Operating expenses (338)(285)(344)(316)(289)(332)
Other operating expense, net     (9)(9)
Operating income: 222125223254239192
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
 (8)5(6)(30)  
Interest and debt expense (0)(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 equity method investments, income taxes: 214(14)7689121105
Other undisclosed loss from continuing operations before income taxes (115)     
Income (loss) from continuing operations before income taxes: 99(14)7689121105
Income tax expense (benefit) (29)6(20)(11)12(25)
Income (loss) from continuing operations: 70(7)567813380
Income (loss) before gain (loss) on sale of properties:70(7)567813380
Net income (loss) available to common stockholders, diluted: 70(7)567813380

Comprehensive Income ($ in millions)

3/31/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss): 70(7)567813380
Other comprehensive income     111
Comprehensive income (loss): 70(7)567814481
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (5)220(10)  
Comprehensive income, net of tax, attributable to parent: 6515566914481

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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