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)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments131118898810293104
Cash and cash equivalents13111889557093104
Short-term investments   3332  
Restricted cash and investments    300
Receivables184200216213113118125
Inventory, net of allowances, customer advances and progress billings186198201206191201198
Inventory186198201206191201198
Other current assets28393934322729
Total current assets:529555545541441440456
Noncurrent Assets
Property, plant and equipment128120119119119117116
Intangible assets, net (including goodwill)1,4411,4381,4591,4671,4821,4951,503
Goodwill933930934934936936937
Intangible assets, net (excluding goodwill)508509525534547558566
Other noncurrent assets28282929333837
Other undisclosed noncurrent assets40394036   
Total noncurrent assets:1,6361,6251,6461,6511,6351,6491,655
TOTAL ASSETS:2,1652,1802,1912,1922,0752,0892,111
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities188195195202233219233
Accounts payable104112116125151113126
Accrued liabilities38474547427272
Employee-related liabilities35273129303134
Taxes payable1110311021
Debt1111163131
Derivative instruments and hedges, liabilities5461118  
Restructuring reserve6345343
Contract with customer, liability333334 
Other undisclosed current liabilities128118111891056557
Total current liabilities:331324321311379323323
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,4031,4261,4481,4931,3221,3591,408
Other undisclosed long-term debt and lease obligation1,4031,4261,4481,4931,3221,3591,408
Liabilities, other than long-term debt80789398112176173
Accounts payable and accrued liabilities  1010121211
Liability for uncertainty in income taxes4      
Liability, pension and other postretirement and postemployment benefits33353740394145
Restructuring reserve99910101011
Other liabilities34343637458175
Derivative instruments and hedges, liabilities 00163232
Other undisclosed noncurrent liabilities98122113105766767
Total noncurrent liabilities:1,5811,6251,6541,6961,5101,6011,648
Total liabilities:1,9121,9501,9752,0071,8891,9241,971
Stockholders' equity
Stockholders' equity attributable to parent253231217185186165141
Common stock1111111
Treasury stock, value(0)(0)(0)(0)(0)(0)(0)
Additional paid in capital(31)(32)(34)(38)(42)(44)(53)
Accumulated other comprehensive loss(42)(44)(36)(44)(42)(33)(38)
Retained earnings325306286266268241230
Total stockholders' equity:253231217185186165141
TOTAL LIABILITIES AND EQUITY:2,1652,1802,1912,1922,0752,0892,111

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues382411426375406413421
Cost of revenue
(Cost of Goods and Services Sold)
(249)(260)(270)(249)(266)(260)(271)
Gross profit:133151156127141153149
Operating expenses(76)(87)(89)(93)(45)(86)(99)
Other operating expense, net     (5)(15)
Other undisclosed operating income    29  
Operating income:576467341246236
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
6(3)(6)(3)   
Interest and debt expense(22)(22)(25)(24)(31)(23)(23)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(20)(10)(10)(10)(73)15
Income (loss) from continuing operations before income taxes:223027(3)204017
Income tax expense (benefit)(3)(9)(7)(0)8(13)(5)
Net income (loss) available to common stockholders, diluted:182020(3)272712

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income (loss):182020(3)272712
Other comprehensive income (loss)     4(8)
Other undisclosed comprehensive income    1  
Comprehensive income (loss):182020(3)28314
Other undisclosed comprehensive income (loss), net of tax, attributable to parent3(8)8(2)(10)  
Comprehensive income (loss), net of tax, attributable to parent:211228(5)19314

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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