AGCO Corporation (AGCO) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2823263684304273641,047
Cash and cash equivalents2823263684304273641,047
Receivables9188801,019890837964941
Inventory, net of allowances, customer advances and progress billings2,3111,9091,8731,5151,4231,7512,016
Inventory2,3111,9091,8731,5151,4231,7512,016
Other current assets445422368331211233272
Other undisclosed current assets     217241
Total current assets:3,9573,5373,6283,1662,8983,5284,517
Noncurrent Assets
Finance lease, right-of-use asset15
Operating lease, right-of-use asset194
Property, plant and equipment1,3501,3731,4851,3611,3471,5301,602
Long-term investments and receivables399400409415393424416
Long-term investments399400409415393424416
Intangible assets, net (including goodwill)1,9752,0692,1901,9841,6221,7471,744
Goodwill1,4561,4961,5411,3761,1151,1931,179
Intangible assets, net (excluding goodwill)519573649607508554566
Other noncurrent assets134142147143140141135
Other undisclosed noncurrent assets571051121001012624
Total noncurrent assets:4,1234,0894,3444,0033,6033,8683,922
TOTAL ASSETS:8,0797,6267,9727,1686,5017,3968,439
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,3482,3882,3251,8831,7331,9142,350
Accounts payable817866918723626670960
Accrued liabilities1,5311,5221,4081,1611,1071,2441,389
Debt34018495 8994111
Liability for uncertainty in income taxes56  47616562
Deferred tax liabilities     5
Other liabilities168194230176147208151
Other undisclosed current liabilities115  38156(65)135
Total current liabilities:3,0282,7672,6512,1452,1852,2172,812
Noncurrent Liabilities
Long-term debt and lease obligation1,4321,2751,6181,610929998939
Long-term debt, excluding current maturities1,2691,2751,6181,610929998939
Finance lease, liability8
Operating lease, liability155
Liabilities, other than long-term debt533591608576504723644
Pension and other postretirement defined benefit plans, liabilities246
Accounts payable and accrued liabilities58    39 
Deferred tax liabilities, net11613111286239251
Liability, pension and other postretirement and postemployment benefits203223247270234269
Other liabilities272251230194184177146
Other undisclosed noncurrent liabilities48    (39) 
Total noncurrent liabilities:2,0131,8662,2262,1861,4331,6821,582
Total liabilities:5,0404,6334,8764,3313,6183,8994,394
Stockholders' equity
Stockholders' equity attributable to parent2,9772,9333,0302,7762,8383,4494,010
Common stock1111111
Additional paid in capital4101371033025831,118
Accumulated other comprehensive loss(1,595)(1,555)(1,362)(1,442)(1,460)(907)(511)
Retained earnings4,5674,4774,2544,1143,9963,7723,402
Stockholders' equity attributable to noncontrolling interest62616661454835
Total stockholders' equity:3,0392,9943,0952,8372,8833,4974,045
TOTAL LIABILITIES AND EQUITY:8,0797,6267,9727,1686,5017,3968,439

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues9,1209,3528,3077,4117,4679,73710,808
Revenue, net8,3077,4117,4679,72410,787
Cost of revenue
(Cost of Goods and Services Sold)
(7,111)(7,355)(6,541)(5,895)(5,907)(7,657)(8,396)
Other undisclosed gross profit     (14)(21)
Gross profit:2,0101,9971,7651,5161,5612,0662,391
Operating expenses(1,453)(1,508)(1,362)(1,227)(1,200)(1,327)(1,493)
Other undisclosed operating income (loss)     (93)4
Operating income:557489403288361647901
Nonoperating expense
(Other Nonoperating expense)
(64)(75)(74)(31)(36)(49)(40)
Interest and debt expense(47)(62)(55)(65)(64)(72)(79)
Other undisclosed income from continuing operations before equity method investments, income taxes168913191421
Income from continuing operations before equity method investments, income taxes:462360284205279539803
Income from equity method investments41343948575348
Income from continuing operations before income taxes:503395323252337592851
Income tax expense(193)(111)(134)(92)(73)(188)(259)
Net income:310284189160264404592
Net income (loss) attributable to noncontrolling interest22(3)(0)265
Net income available to common stockholders, diluted:312286186160266410597

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:310284189160264404592
Other comprehensive income (loss)(13)(198)8120(556)(396)(32)
Comprehensive income (loss):29786271180(292)8561
Comprehensive income (loss), net of tax, attributable to noncontrolling interest26(4)(2)575
Comprehensive income (loss), net of tax, attributable to parent:29992266179(287)15566

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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