Albany International Corporation (AIN) financial statements (2022 and earlier)

Company profile

Business Address 216 AIRPORT DRIVE
ROCHESTER, NH 03867
State of Incorp. DE
Fiscal Year End December 31
SIC 2221 - Broadwoven Fabric Mills, Manmade Fiber and Silk (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 investments302241196198184182185
Cash and cash equivalents302241196198184182185
Receivables192189220226204172147
Inventory, net of allowances, customer advances and progress billings1181109586137134106
Inventory1181109586137134106
Prepaid expense 545542
Contract with customer, asset1131397957
Assets held-for-sale, not part of disposal group      5
Other undisclosed current assets343224211596
Total current assets:759717618593544501452
Noncurrent Assets
Finance lease, right-of-use asset8916
Operating lease, right-of-use asset141818
Nontrade receivables      3
Property, plant and equipment  466462454423357
Long-term investments and receivables32364145   
Accounts and financing receivable, after allowance for credit loss32364145   
Intangible assets, net (including goodwill)22123423421422222767
Goodwill18218818116416716066
Intangible assets, net (excluding goodwill)3947534955660
Deferred income tax assets2639 
Other noncurrent assets81756342393025
Defined benefit plan, assets for plan benefits810
Other undisclosed noncurrent assets41442218631017595
Total noncurrent assets:797833856825817762558
TOTAL ASSETS:1,5561,5501,4741,4181,3611,2631,010
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities208191191181151148126
Accounts payable69496552454327
Accrued liabilities1241251261291069592
Taxes payable1516   107
Deferred revenue  6
Debt 0012520
Other undisclosed current liabilities  67901
Total current liabilities:208191203189162200126
Noncurrent Liabilities
Long-term debt and lease obligation350398424524514433265
Long-term debt, excluding current maturities350398424524514433265
Liabilities, other than long-term debt10814013396113119116
Deferred revenue and credits112
Deferred tax liabilities, net8101113
Deferred income tax liabilities 10 
Restructuring reserve0      
Other liabilities10813013388102107102
Other undisclosed noncurrent liabilities121121   
Total noncurrent liabilities:470539569620627552381
Total liabilities:678730772810788752507
Stockholders' equity
Stockholders' equity attributable to parent, including:874816699605570508499
Treasury stock, value(280)(256)(256)(257)(257)(257)(257)
Additional paid in capital437434433431428426423
Accumulated other comprehensive loss(146)(132)(176)(158)(136)(184)(159)
Retained earnings863771698590534523492
Other undisclosed stockholders' equity attributable to parent0000000
Stockholders' equity attributable to noncontrolling interest4443344
Total stockholders' equity:878820703608573511503
TOTAL LIABILITIES AND EQUITY:1,5561,5501,4741,4181,3611,2631,010

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
Revenues9299011,054982864780710
Cost of revenue
(Cost of Goods and Services Sold)
(551)(530)(656)(633)(568)(479)(431)
Gross profit:378371398350296301279
Operating expenses(161)(170)(167)(156)(178)(168)(170)
Other undisclosed operating loss(39)(35)(38)(56)(41)(40)(45)
Operating income:178166194137769264
Nonoperating income (expense)(1)(26)7(2)(12)63
Investment income, nonoperating3332222
Foreign currency transaction gain (loss), before tax (15)30(9)44
Other nonoperating income (expense)(3)(13)2(4)(4)(0)(2)
Interest and debt expense(17)(16)(20)(20)(19)(16)(12)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 15(3)(0)9(4)(4)
Income from continuing operations before equity method investments, income taxes:160139178115557851
Other undisclosed income from continuing operations before income taxes6      
Income from continuing operations before income taxes:166139178115557851
Income tax expense (benefit)(47)(42)(45)(32)(22)(25)6
Net income:1199713383335357
Net income (loss) attributable to noncontrolling interest(0)1(1)(0)1(0)0
Net income available to common stockholders, diluted:1189913283335357

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:1199713383335357
Other comprehensive income (loss)(1)11(18)(22)48(25)(51)
Other undisclosed comprehensive income (loss)(13)33     
Comprehensive income:1051411166181276
Comprehensive income (loss), net of tax, attributable to noncontrolling interest00(1)(0)1(0)0
Comprehensive income, net of tax, attributable to parent:1051411156081276

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: