Albany International Corporation (AIN) financial statements (2021 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)

12/31/2020
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 investments241196198184182185180
Cash and cash equivalents241196198184182185180
Receivables189220226204172147171
Inventory, net of allowances, customer advances and progress billings1109586137134106107
Inventory1109586137134106107
Prepaid expense545542 
Contract with customer, asset1397957
Assets held-for-sale, not part of disposal group     5
Other undisclosed current assets32242115962
Total current assets:717618593544501452460
Noncurrent Assets
Finance lease, right-of-use asset916
Operating lease, right-of-use asset1818
Nontrade receivables     311
Property, plant and equipment 466462454423357395
Long-term investments and receivables364145    
Accounts and financing receivable, after allowance for credit loss364145    
Intangible assets, net (including goodwill)2342342142222276772
Goodwill1881811641671606672
Intangible assets, net (excluding goodwill)475349556600
Deferred income tax assets39 
Other noncurrent assets75634239302532
Defined benefit plan, assets for plan benefits81010
Other undisclosed noncurrent assets4221863101759549
Total noncurrent assets:833856825817762558569
TOTAL ASSETS:1,5501,4741,4181,3611,2631,0101,029
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities191191181151148126179
Accounts payable49655245432735
Accrued liabilities125126129106959295
Employee-related liabilities      40
Taxes payable16   1072
Interest and dividends payable      7
Deferred revenue 6
Debt001252050
Restructuring reserve      2
Customer refund liability      17
Billings in excess of cost   2
Deferred tax liabilities    1
Other undisclosed current liabilities 67901(68)
Total current liabilities:191203189162200126183
Noncurrent Liabilities
Long-term debt and lease obligation398424524514433265222
Long-term debt, excluding current maturities398424524514433265222
Liabilities, other than long-term debt14013396113119116206
Deferred revenue and credits112 
Accounts payable and accrued liabilities      1
Deferred compensation liability, classified      3
Deferred tax liabilities, net8101113 
Deferred income tax liabilities10 
Liability, pension and other postretirement and postemployment benefits      98
Other liabilities13013388102107102103
Derivative instruments and hedges, liabilities      1
Other undisclosed noncurrent liabilities1121   (96)
Total noncurrent liabilities:539569620627552381332
Total liabilities:730772810788752507516
Stockholders' equity
Stockholders' equity attributable to parent, including:816699605570508499510
Treasury stock, value(256)(256)(257)(257)(257)(257)(257)
Additional paid in capital434433431428426423419
Accumulated other comprehensive loss(132)(176)(158)(136)(184)(159)(108)
Retained earnings771698590534523492456
Other undisclosed stockholders' equity attributable to parent0000000
Stockholders' equity attributable to noncontrolling interest4433444
Total stockholders' equity:820703608573511503514
TOTAL LIABILITIES AND EQUITY:1,5501,4741,4181,3611,2631,0101,029

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
Revenues9011,054982864780710745
Cost of revenue
(Cost of Goods and Services Sold)
(530)(656)(633)(568)(479)(431)(471)
Other undisclosed gross profit      17
Gross profit:371398350296301279292
Operating expenses(170)(167)(156)(178)(168)(170)(193)
Other undisclosed operating loss(35)(38)(56)(41)(40)(45)(27)
Operating income:16619413776926471
Nonoperating income (expense)(26)7(2)(12)6319
Investment income, nonoperating3322222
Foreign currency transaction gain (loss), before tax(15)30(9)4410
Other nonoperating income (expense)(13)2(4)(4)(0)(2)7
Interest and debt expense(16)(20)(20)(19)(16)(12)(12)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes15(3)(0)9(4)(4)(10)
Income from continuing operations before income taxes:13917811555785168
Income tax expense (benefit)(42)(45)(32)(22)(25)6(26)
Net income:971338333535742
Net income (loss) attributable to noncontrolling interest1(1)(0)1(0)0(0)
Net income available to common stockholders, diluted:991328333535742

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:971338333535742
Other comprehensive income (loss)11(18)(22)48(25)(51)(58)
Other undisclosed comprehensive income33      
Comprehensive income (loss):1411166181276(17)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(1)(0)1(0)00
Comprehensive income (loss), net of tax, attributable to parent:1411156081276(16)

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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