Whirlpool Corporation (WHR) financial statements (2022 and earlier)

Company profile

Business Address WHIRLPOOL CNTR 2000 M 63
BENTON HARBOR, MI 49022-2692
State of Incorp. DE
Fiscal Year End December 31
SIC 363 - Household Appliances (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
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,9241,9521,4981,1961,0857721,026
Cash and cash equivalents2,9241,9521,4981,1961,0857721,026
Receivables3,1092,1982,2102,6652,7112,5302,768
Inventory, net of allowances, customer advances and progress billings2,1872,4382,5332,9882,6232,6192,740
Inventory2,1872,4382,5332,9882,6232,6192,740
Prepaid expense7958108391,0819209531,147
Derivative instruments and hedges, assets     5464
Disposal group, including discontinued operation  818    
Other undisclosed current assets     397353
Total current assets:9,0157,3987,8987,9307,3397,3258,098
Noncurrent Assets
Operating lease, right-of-use asset989921
Property, plant and equipment3,1993,3013,4144,0333,8103,7743,981
Intangible assets, net (including goodwill)4,6904,6654,7475,7095,5085,6845,610
Goodwill2,4962,4402,4513,1182,9563,0062,807
Intangible assets, net (excluding goodwill)2,1942,2252,2962,5912,5522,6782,803
Derivative instruments and hedges  175324 1
Deferred income tax assets2,2172,238
Other noncurrent assets240358299353342377413
Other undisclosed noncurrent assets  1,9721,9602,1301,8501,899
Total noncurrent assets:11,33511,48310,44912,10811,81411,68511,904
TOTAL ASSETS:20,35018,88118,34720,03819,15319,01020,002
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,1195,6495,5705,8855,4555,5306,081
Accounts payable4,8344,5474,4874,7974,4164,4034,730
Accrued liabilities637652690674649675852
Employee-related liabilities648450393414390452499
Debt310559947376560528803
Derivative instruments and hedges, liabilities152619581357959
Disposal group, including discontinued operation  489    
Other liabilities1,070918811941871980846
Other undisclosed current liabilities6791,1821,7661,222741627614
Total current liabilities:8,3308,3699,6788,5057,6627,7448,403
Noncurrent Liabilities
Long-term debt and lease obligation5,8974,9184,0464,3923,8763,4703,544
Long-term debt, excluding current maturities5,0594,1404,0464,3923,8763,4703,544
Operating lease, liability838778
Liabilities, other than long-term debt1,4141,4761,4182,0131,8872,1222,315
Accounts payable and accrued liabilities      49
Liability, pension and other postretirement and postemployment benefits6828649551,3811,4081,4151,569
Other liabilities732612463632479707690
Derivative instruments and hedges, liabilities      7
Other undisclosed noncurrent liabilities      (56)
Total noncurrent liabilities:7,3116,3945,4646,4055,7635,5925,803
Total liabilities:15,64114,76315,14214,91013,42513,33614,206
Stockholders' equity
Stockholders' equity attributable to parent3,7993,1952,2914,1984,7734,7434,885
Common stock113112112112111111110
Treasury stock, value(5,065)(4,975)(4,827)(3,674)(2,924)(2,399)(2,149)
Additional paid in capital2,9232,8062,7682,7392,6722,6412,555
Accumulated other comprehensive loss(2,811)(2,618)(2,695)(2,331)(2,400)(2,332)(1,840)
Retained earnings8,6397,8706,9337,3527,3146,7226,209
Stockholders' equity attributable to noncontrolling interest910923914930955931911
Total stockholders' equity:4,7094,1183,2055,1285,7285,6745,796
TOTAL LIABILITIES AND EQUITY:20,35018,88118,34720,03819,15319,01020,002

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues19,45620,41921,03721,25320,71820,89119,872
Revenue, net21,25320,71820,89119,872
Cost of revenue
(Cost of Goods and Services Sold)
(15,606)(16,886)(17,500)(17,651)(17,036)(17,201)(16,477)
Gross profit:3,8503,5333,5373,6023,6823,6903,395
Operating expenses(2,165)(1,893)(3,183)(2,387)(2,257)(2,331)(3,297)
Other undisclosed operating income (loss)(62)(69)(75)(79)(71)(74)1,090
Operating income:1,6231,5712791,1361,3541,2851,188
Nonoperating income (expense)21168(108)(87)(79)(89)(142)
Interest and debt expense(189)(187)(192)(162)(161)(165)(165)
Income (loss) from continuing operations before income taxes:1,4551,552(21)8871,1141,031881
Income tax expense(384)(354)(138)(550)(186)(209)(189)
Net income (loss):1,0711,198(159)337928822692
Net income (loss) attributable to noncontrolling interest10(14)(24)13(40)(39)(42)
Net income (loss) available to common stockholders, diluted:1,0811,184(183)350888783650

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):1,0711,198(159)337928822692
Other comprehensive income (loss)(191)77(345)69(68)(501)(546)
Comprehensive income (loss):8801,275(504)406860321146
Comprehensive income (loss), net of tax, attributable to noncontrolling interest8(14)(26)13(40)(30)(38)
Comprehensive income (loss), net of tax, attributable to parent:8881,261(530)419820291108

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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