AGCO Corporation (AGCO) financial statements (2022 and earlier)

Company profile

Business Address 4205 RIVER GREEN PKWAY
DULUTH, GA 30096
State of Incorp. DE
Fiscal Year End December 31
SIC 3523 - Farm Machinery and Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8891,119433326368430427
Cash and cash equivalents8891,119433326368430427
Receivables9928568018801,019890837
Inventory, net of allowances, customer advances and progress billings2,5941,9742,0791,9091,8731,5151,423
Inventory2,5941,9742,0791,9091,8731,5151,423
Other current assets540419417422368331211
Total current assets:5,0144,3683,7293,5373,6283,1662,898
Noncurrent Assets
Finance lease, right-of-use asset  19
Operating lease, right-of-use asset154165187
Property, plant and equipment1,4651,5091,4161,3731,4851,3611,347
Long-term investments and receivables414443380400409415393
Long-term investments414443380400409415393
Intangible assets, net (including goodwill)1,6731,7621,8002,0692,1901,9841,622
Goodwill1,2811,3071,2981,4961,5411,3761,115
Intangible assets, net (excluding goodwill)392456502573649607508
Deferred income tax assets16978 
Other noncurrent assets293180153142147143140
Other undisclosed noncurrent assets  75105112100101
Total noncurrent assets:4,1684,1364,0314,0894,3444,0033,603
TOTAL ASSETS:9,1828,5047,7607,6267,9727,1686,501
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,1412,7722,5692,3882,3251,8831,733
Accounts payable1,078855915866918723626
Accrued liabilities2,0621,9171,6541,5221,4081,1611,107
Debt9336015318495 89
Liability for uncertainty in income taxes     4761
Other liabilities221231162194230176147
Other undisclosed current liabilities     38156
Total current liabilities:3,4553,3632,8852,7672,6512,1452,185
Noncurrent Liabilities
Long-term debt and lease obligation1,5271,3831,3521,2751,6181,610929
Long-term debt, excluding current maturities1,4111,2571,1921,2751,6181,610929
Finance lease, liability  12
Operating lease, liability116126149
Liabilities, other than long-term debt757741582591608576504
Accounts payable and accrued liabilities  61    
Deferred tax liabilities, net11613111286
Deferred income tax liabilities117112 
Liability, pension and other postretirement and postemployment benefits209253232223247270234
Other liabilities431375289251230194184
Other undisclosed noncurrent liabilities  34    
Total noncurrent liabilities:2,2842,1231,9681,8662,2262,1861,433
Total liabilities:5,7385,4864,8534,6334,8764,3313,618
Stockholders' equity
Stockholders' equity attributable to parent3,4162,9802,8542,9333,0302,7762,838
Common stock1111111
Additional paid in capital431510137103302
Accumulated other comprehensive loss(1,771)(1,811)(1,595)(1,555)(1,362)(1,442)(1,460)
Retained earnings5,1824,7594,4444,4774,2544,1143,996
Stockholders' equity attributable to noncontrolling interest28385361666145
Total stockholders' equity:3,4443,0182,9072,9943,0952,8372,883
TOTAL LIABILITIES AND EQUITY:9,1828,5047,7607,6267,9727,1686,501

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues11,1389,1509,0419,3528,3077,4117,467
Revenue, net8,3077,4117,467
Cost of revenue
(Cost of Goods and Services Sold)
(8,566)(7,092)(7,057)(7,355)(6,541)(5,895)(5,907)
Gross profit:2,5722,0581,9841,9971,7651,5161,561
Operating expenses(1,571)(1,458)(1,636)(1,508)(1,362)(1,227)(1,200)
Operating income:1,001600348489403288361
Nonoperating expense
(Other Nonoperating expense)
(50)(23)(67)(75)(74)(31)(36)
Interest and debt expense(25)(25)(29)(62)(55)(65)(64)
Other undisclosed income from continuing operations before equity method investments, income taxes19109891319
Income from continuing operations before equity method investments, income taxes:944562261360284205279
Income from equity method investments66464334394857
Income from continuing operations before income taxes:1,010608304395323252337
Income tax expense(108)(188)(181)(111)(134)(92)(73)
Net income:902420123284189160264
Net income (loss) attributable to noncontrolling interest(5)722(3)(0)2
Net income available to common stockholders, diluted:897427125286186160266

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:902420123284189160264
Other comprehensive income (loss)40(220)(37)(198)8120(556)
Comprehensive income (loss):9412008686271180(292)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(4)12(0)6(4)(2)5
Comprehensive income (loss), net of tax, attributable to parent:9372128592266179(287)

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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