Albany International Corporation (AIN) financial statements (2020 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)

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 investments174198184182185180223
Cash and cash equivalents174198184182185180223
Receivables224226204172147171184
Inventory, net of allowances, customer advances and progress billings10686137134106107113
Inventory10686137134106107113
Prepaid expense 5542  
Contract with customer, asset6557
Assets held-for-sale, not part of disposal group    5
Other undisclosed current assets3221159623
Total current assets:600593544501452460522
Noncurrent Assets
Finance lease, right-of-use asset10
Operating lease, right-of-use asset14
Nontrade receivables    311
Property, plant and equipment449462454423357395419
Long-term investments and receivables4645     
Accounts and financing receivable, after allowance for credit loss4645     
Intangible assets, net (including goodwill)207214222227677280
Goodwill162164167160667279
Intangible assets, net (excluding goodwill)45495566001
Other noncurrent assets51423930253226
Defined benefit plan, assets for plan benefits81010 
Other undisclosed noncurrent assets2863101759549120
Total noncurrent assets:805825817762558569644
TOTAL ASSETS:1,4051,4181,3611,2631,0101,0291,167
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities192181151148126179150
Accounts payable61524543273536
Accrued liabilities123129106959295112
Employee-related liabilities     40 
Taxes payable8  10722
Interest and dividends payable     7 
Debt012520504
Restructuring reserve     2
Customer refund liability     1722
Billings in excess of cost   27
Deferred tax liabilities    14
Other undisclosed current liabilities 7901(68)(29)
Total current liabilities:192189162200126183159
Noncurrent Liabilities
Long-term debt and lease obligation424524514433265222300
Long-term debt, excluding current maturities424524514433265222300
Liabilities, other than long-term debt12096113119116206211
Deferred revenue and credits112  
Pension and other postretirement defined benefit plans, liabilities97
Accounts payable and accrued liabilities     1 
Deferred compensation liability, classified     35
Deferred tax liabilities, net8101113  
Liability, pension and other postretirement and postemployment benefits     98
Restructuring reserve2      
Other liabilities11888102107102103106
Derivative instruments and hedges, liabilities     13
Other undisclosed noncurrent liabilities61   (96)(51)
Total noncurrent liabilities:550620627552381332461
Total liabilities:742810788752507516619
Stockholders' equity
Stockholders' equity attributable to parent, including:660605570508499510544
Common stock      0
Treasury stock, value(256)(257)(257)(257)(257)(257)(258)
Additional paid in capital432431428426423419417
Accumulated other comprehensive loss(187)(158)(136)(184)(159)(108)(49)
Retained earnings675590534523492456435
Other undisclosed stockholders' equity attributable to parent(4)00000 
Stockholders' equity attributable to noncontrolling interest4334443
Total stockholders' equity:663608573511503514548
TOTAL LIABILITIES AND EQUITY:1,4051,4181,3611,2631,0101,0291,167

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
Revenues1,039982864780710745757
Cost of revenue
(Cost of Goods and Services Sold)
(656)(633)(568)(479)(431)(471)(484)
Other undisclosed gross profit     1718
Gross profit:384350296301279292291
Operating expenses(148)(156)(178)(168)(170)(193)(210)
Other undisclosed operating loss(54)(56)(41)(40)(45)(27)(28)
Operating income:1821377692647152
Nonoperating income (expense)(0)(2)(12)6319(11)
Investment income, nonoperating2222221
Foreign currency transaction gain (loss), before tax 0(9)4410(6)
Other nonoperating income (expense)2(4)(4)(0)(2)7(7)
Interest and debt expense(20)(20)(19)(16)(12)(12)(15)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(0)(0)9(4)(4)(10)6
Income from continuing operations before income taxes:1621155578516831
Income tax expense (benefit)(44)(32)(22)(25)6(26)(13)
Income from continuing operations:118833353574218
Loss from discontinued operations      (0)
Net income:118833353574218
Net income (loss) attributable to noncontrolling interest(0)(0)1(0)0(0)(0)
Net income available to common stockholders, diluted:117833353574218

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:118833353574218
Other comprehensive income (loss)(22)(22)48(25)(51)(58)31
Other undisclosed comprehensive loss(19)      
Comprehensive income (loss):766181276(17)48
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(0)1(0)000
Other undisclosed comprehensive loss, net of tax, attributable to parent      (0)
Comprehensive income (loss), net of tax, attributable to parent:766081276(16)48

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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