AGCO Corporation (AGCO) financial statements (2021 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)

12/31/2020
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 investments1,119433326368430427364
Cash and cash equivalents1,119433326368430427364
Receivables8568018801,019890837964
Inventory, net of allowances, customer advances and progress billings1,9742,0791,9091,8731,5151,4231,751
Inventory1,9742,0791,9091,8731,5151,4231,751
Other current assets419417422368331211233
Other undisclosed current assets      217
Total current assets:4,3683,7293,5373,6283,1662,8983,528
Noncurrent Assets
Finance lease, right-of-use asset 19
Operating lease, right-of-use asset165187
Property, plant and equipment1,5091,4161,3731,4851,3611,3471,530
Long-term investments and receivables443380400409415393424
Long-term investments443380400409415393424
Intangible assets, net (including goodwill)1,7621,8002,0692,1901,9841,6221,747
Goodwill1,3071,2981,4961,5411,3761,1151,193
Intangible assets, net (excluding goodwill)456502573649607508554
Deferred income tax assets78 
Other noncurrent assets180153142147143140141
Other undisclosed noncurrent assets 7510511210010126
Total noncurrent assets:4,1364,0314,0894,3444,0033,6033,868
TOTAL ASSETS:8,5047,7607,6267,9727,1686,5017,396
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,7722,5692,3882,3251,8831,7331,914
Accounts payable855915866918723626670
Accrued liabilities1,9171,6541,5221,4081,1611,1071,244
Debt36015318495 8994
Liability for uncertainty in income taxes    476165
Other liabilities231162194230176147208
Other undisclosed current liabilities    38156(65)
Total current liabilities:3,3632,8852,7672,6512,1452,1852,217
Noncurrent Liabilities
Long-term debt and lease obligation1,3831,3521,2751,6181,610929998
Long-term debt, excluding current maturities1,2571,1921,2751,6181,610929998
Finance lease, liability 12
Operating lease, liability126149
Liabilities, other than long-term debt741582591608576504723
Accounts payable and accrued liabilities 61    39
Deferred tax liabilities, net11613111286239
Deferred income tax liabilities112 
Liability, pension and other postretirement and postemployment benefits253232223247270234269
Other liabilities375289251230194184177
Other undisclosed noncurrent liabilities 34    (39)
Total noncurrent liabilities:2,1231,9681,8662,2262,1861,4331,682
Total liabilities:5,4864,8534,6334,8764,3313,6183,899
Stockholders' equity
Stockholders' equity attributable to parent2,9802,8542,9333,0302,7762,8383,449
Common stock1111111
Additional paid in capital31510137103302583
Accumulated other comprehensive loss(1,811)(1,595)(1,555)(1,362)(1,442)(1,460)(907)
Retained earnings4,7594,4444,4774,2544,1143,9963,772
Stockholders' equity attributable to noncontrolling interest38536166614548
Total stockholders' equity:3,0182,9072,9943,0952,8372,8833,497
TOTAL LIABILITIES AND EQUITY:8,5047,7607,6267,9727,1686,5017,396

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
Revenues9,1509,0419,3528,3077,4117,4679,737
Revenue, net8,3077,4117,4679,724
Cost of revenue
(Cost of Goods and Services Sold)
(7,092)(7,057)(7,355)(6,541)(5,895)(5,907)(7,657)
Other undisclosed gross profit      (14)
Gross profit:2,0581,9841,9971,7651,5161,5612,066
Operating expenses(1,458)(1,636)(1,508)(1,362)(1,227)(1,200)(1,327)
Other undisclosed operating loss      (93)
Operating income:600348489403288361647
Nonoperating expense
(Other Nonoperating expense)
(23)(67)(75)(74)(31)(36)(49)
Interest and debt expense(25)(29)(62)(55)(65)(64)(72)
Other undisclosed income from continuing operations before equity method investments, income taxes10989131914
Income from continuing operations before equity method investments, income taxes:562261360284205279539
Income from equity method investments46433439485753
Income from continuing operations before income taxes:608304395323252337592
Income tax expense(188)(181)(111)(134)(92)(73)(188)
Net income:420123284189160264404
Net income (loss) attributable to noncontrolling interest722(3)(0)26
Net income available to common stockholders, diluted:427125286186160266410

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:420123284189160264404
Other comprehensive income (loss)(220)(37)(198)8120(556)(396)
Comprehensive income (loss):2008686271180(292)8
Comprehensive income (loss), net of tax, attributable to noncontrolling interest12(0)6(4)(2)57
Comprehensive income (loss), net of tax, attributable to parent:2128592266179(287)15

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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