Altra Industrial Motion Corp. (AIMC) financial statements (2023 and earlier)
Company profile
| Business Address |
300 GRANITE STREET BRAINTREE, MA 02184 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 3569 - General Industrial Machinery and Equipment, Not Elsewhere (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 investments | 246 | 254 | 167 | 169 | 52 | 69 | 50 | ||
| Cash and cash equivalents | 246 | 254 | 167 | 169 | 52 | 69 | 50 | ||
| Receivables | 236 | 248 | 248 | 270 | 142 | 121 | 100 | ||
| Inventory, net of allowances, customer advances and progress billings | 268 | 210 | 223 | 231 | 146 | 140 | 121 | ||
| Inventory | 268 | 210 | 223 | 231 | 146 | 140 | 121 | ||
| Assets held-for-sale, not part of disposal group | 377 | 1 | 1 | 4 | 5 | ||||
| Other undisclosed current assets | 40 | 36 | 29 | 33 | 17 | 10 | 11 | ||
| Total current assets: | 1,168 | 748 | 667 | 704 | 358 | 344 | 287 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 50 | 41 | 37 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 276 | 344 | 354 | 364 | 192 | 177 | 145 | ||
| Intangible assets, net (including goodwill) | 2,621 | 3,056 | 3,197 | 3,248 | 366 | 344 | 193 | ||
| Goodwill | 1,564 | 1,596 | 1,695 | 1,662 | 206 | 189 | 97 | ||
| Intangible assets, net (excluding goodwill) | 1,057 | 1,460 | 1,502 | 1,586 | 160 | 155 | 96 | ||
| Deferred income tax assets | 2 | 5 | 3 | ✕ | ✕ | ✕ | ✕ | ||
| Other noncurrent assets | 14 | 14 | 25 | 16 | 2 | 3 | 3 | ||
| Other undisclosed noncurrent assets | 5 | 3 | 3 | 3 | |||||
| Total noncurrent assets: | 2,963 | 3,460 | 3,616 | 3,633 | 562 | 526 | 345 | ||
| TOTAL ASSETS: | 4,131 | 4,208 | 4,284 | 4,337 | 921 | 870 | 632 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 261 | 258 | 226 | 240 | 109 | 93 | 66 | ||
| Accounts payable | 173 | 164 | 155 | 176 | 68 | 61 | 40 | ||
| Employee-related liabilities | 82 | 76 | 58 | 57 | 32 | 31 | 22 | ||
| Taxes payable | 6 | 18 | 13 | 8 | 9 | 1 | 4 | ||
| Debt | 11 | 17 | 18 | 17 | 0 | 44 | 3 | ||
| Other undisclosed current liabilities | 144 | 86 | 96 | 80 | 33 | 35 | 35 | ||
| Total current liabilities: | 417 | 361 | 340 | 337 | 142 | 172 | 104 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 1,401 | 1,408 | 1,564 | 1,691 | 276 | 326 | 232 | ||
| Operating lease, liability | 38 | 30 | 25 | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed long-term debt and lease obligation | 1,363 | 1,378 | 1,539 | 1,691 | 276 | 326 | 232 | ||
| Liabilities, other than long-term debt | 290 | 413 | 433 | 68 | 106 | 89 | 54 | ||
| Accounts payable and accrued liabilities | 3 | 4 | 5 | 5 | 6 | 1 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 52 | 61 | 44 | |||
| Deferred income tax liabilities | 251 | 360 | 369 | ✕ | ✕ | ✕ | ✕ | ||
| Liability, pension and other postretirement and postemployment benefits | 30 | 35 | 31 | 32 | 25 | 24 | 8 | ||
| Other liabilities | 7 | 14 | 29 | 30 | 22 | 4 | 1 | ||
| Total noncurrent liabilities: | 1,691 | 1,821 | 1,997 | 1,759 | 381 | 415 | 285 | ||
| Total liabilities: | 2,108 | 2,182 | 2,337 | 2,096 | 524 | 586 | 390 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 1,985 | 1,997 | 1,922 | 1,848 | 397 | 283 | 243 | ||
| Additional paid in capital | 1,718 | 1,706 | 1,697 | 1,687 | 223 | 168 | 125 | ||
| Accumulated other comprehensive income (loss) | (11) | 21 | (90) | (72) | (50) | (76) | (64) | ||
| Retained earnings | 278 | 270 | 315 | 233 | 223 | 191 | 182 | ||
| Other undisclosed stockholders' equity attributable to parent | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Total stockholders' equity: | 1,985 | 1,997 | 1,922 | 1,848 | 397 | 283 | 243 | ||
| Other undisclosed liabilities and equity | 38 | 30 | 25 | 393 | |||||
| TOTAL LIABILITIES AND EQUITY: | 4,131 | 4,208 | 4,284 | 4,337 | 921 | 870 | 632 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,900 | 1,726 | 1,834 | 1,175 | 877 | 709 | 747 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 877 | 709 | 747 | |
| Cost of revenue (Cost of Goods and Services Sold) | (1,224) | (1,104) | (1,178) | (799) | (601) | (487) | (518) | |
| Gross profit: | 675 | 622 | 656 | 376 | 276 | 222 | 228 | |
| Operating expenses | (578) | (545) | (432) | (289) | (175) | (164) | ||
| Operating income: | 97 | 78 | 224 | 87 | 276 | 48 | 64 | |
| Nonoperating expense | (90) | (74) | (76) | (35) | (10) | (14) | (13) | |
| Interest and debt expense | (15) | (5) | (5) | (1) | (1) | (1) | (1) | |
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 5 | 5 | 1 | (194) | 1 | 1 | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (8) | 4 | 148 | 52 | 71 | 34 | 51 | |
| Other undisclosed income from continuing operations before income taxes | 15 | |||||||
| Income from continuing operations before income taxes: | 8 | 4 | 148 | 52 | 71 | 34 | 51 | |
| Income tax expense (benefit) | 20 | (30) | (21) | (16) | (20) | (9) | (16) | |
| Net income (loss): | 28 | (26) | 127 | 35 | 51 | 25 | 35 | |
| Net income attributable to noncontrolling interest | 0 | |||||||
| Net income (loss) available to common stockholders, diluted: | 28 | (26) | 127 | 35 | 51 | 25 | 35 | |
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 (loss): | 28 | (26) | 127 | 35 | 51 | 25 | 35 | |
| Other comprehensive income (loss) | 1 | (12) | (22) | |||||
| Other undisclosed comprehensive income | 26 | |||||||
| Comprehensive income (loss): | 28 | (26) | 127 | 35 | 78 | 13 | 13 | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (0) | |||||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (33) | 111 | (18) | (22) | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | (4) | 86 | 109 | 14 | 78 | 13 | 13 | |
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.