Welbilt, Inc. (WBT) financial statements (2022 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
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 investments12512314014913111889
Cash and cash equivalents12512314014913111889
Restricted cash and investments000    
Receivables166162138190184200216
Inventory, net of allowances, customer advances and progress billings181192208201186198201
Inventory181192208201186198201
Other current assets50686147283939
Total current assets:522545546586529555545
Noncurrent Assets
Operating lease, right-of-use asset48433738   
Property, plant and equipment129127125125128120119
Intangible assets, net (including goodwill)1,4131,4091,4091,4121,4411,4381,459
Goodwill943937933930933930934
Intangible assets, net (excluding goodwill)470472476482508509525
Other noncurrent assets31282725282829
Other undisclosed noncurrent assets    403940
Total noncurrent assets:1,6201,6061,5981,5991,6361,6251,646
TOTAL ASSETS:2,1422,1512,1442,1852,1652,1802,191
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities169186154184188195195
Accounts payable8610283114104112116
Accrued liabilities41373235384745
Employee-related liabilities36393128352731
Taxes payable688811103
Deferred revenue3333   
Debt1332111
Derivative instruments and hedges, liabilities1012546
Restructuring reserve4457634
Contract with customer, liability333
Other undisclosed current liabilities104939291128118111
Total current liabilities:282289257289331324321
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,4081,4441,4961,5061,4031,4261,448
Finance lease, liability1      
Operating lease, liability38322728   
Other undisclosed long-term debt and lease obligation1,3691,4121,4691,4791,4031,4261,448
Liabilities, other than long-term debt159160158158807893
Accounts payable and accrued liabilities      10
Deferred income tax liabilities77908987   
Liability for uncertainty in income taxes10   4  
Liability, pension and other postretirement and postemployment benefits28272930333537
Restructuring reserve7888999
Other liabilities37363232343436
Derivative instruments and hedges, liabilities     00
Other undisclosed noncurrent liabilities2125191998122113
Total noncurrent liabilities:1,5871,6291,6721,6831,5811,6251,654
Total liabilities:1,8691,9181,9291,9721,9121,9501,975
Stockholders' equity
Stockholders' equity attributable to parent273233215213253231217
Common stock1111111
Treasury stock, value (0)(0)(0)(0)(0)(0)
Additional paid in capital(26)(28)(29)(29)(31)(32)(34)
Accumulated other comprehensive loss(20)(37)(49)(68)(42)(44)(36)
Retained earnings317297292309325306286
Total stockholders' equity:273233215213253231217
TOTAL LIABILITIES AND EQUITY:2,1422,1512,1442,1852,1652,1802,191

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
Revenues320299206329382411426
Cost of revenue
(Cost of Goods and Services Sold)
(199)(193)(138)(214)(249)(260)(270)
Gross profit:12210568115133151156
Operating expenses(39)(83)(67)(97)(76)(87)(89)
Operating income:8223218576467
Nonoperating income (expense)90(7)26(3)(6)
Investment income, nonoperating4(0)(0)(3)   
Other nonoperating income (expense)51(7)56(3)(6)
Interest and debt expense(23)(18)(19)(21)(22)(22)(25)
Other undisclosed loss from continuing operations before equity method investments, income taxes(45)(1)(1)(15)(20)(10)(10)
Income (loss) from continuing operations before income taxes:234(25)(15)223027
Income tax expense (benefit)(3)180(3)(9)(7)
Net income (loss) available to common stockholders, diluted:205(17)(15)182020

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):205(17)(15)182020
Comprehensive income (loss):205(17)(15)182020
Other undisclosed comprehensive income (loss), net of tax, attributable to parent171220(27)3(8)8
Comprehensive income (loss), net of tax, attributable to parent:38172(42)211228

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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