Applied Industrial Technologies, Inc. (AIT) financial statements (2020 and earlier)

Company profile

Business Address ONE APPLIED PLAZA
CLEVELAND, OH 44115-5056
State of Incorp. OH
Fiscal Year End June 30
SIC 508 - Machinery, Equipment, And Supplies (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12810854105606971
Cash and cash equivalents12810854105606971
Receivables503541549391348376376
Inventory, net of allowances, customer advances and progress billings464448422345338362336
Inventory464448422345338362336
Other current assets48513341365153
Total current assets:1,1431,1481,058883782859836
Noncurrent Assets
Property, plant and equipment126124121108108104104
Intangible assets, net (including goodwill)1,0381,0311,083370394453353
Goodwill673662647206203254193
Intangible assets, net (excluding goodwill)365369436164191199160
Regulated entity, other noncurrent assets    11 
Other noncurrent assets27282418171820
Other undisclosed noncurrent assets85  912(1)21
Total noncurrent assets:1,2761,1841,228505531576498
TOTAL ASSETS:2,4192,3322,2861,3881,3131,4351,334
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities269305330239206244228
Accounts payable212237257181149180172
Employee-related liabilities57687359576456
Debt7449195333
Other liabilities78698366656360
Total current liabilities:421424433310274310291
Noncurrent Liabilities
Long-term debt and lease obligation874909945287325318168
Long-term debt, excluding current maturities874909945287325318168
Liabilities, other than long-term debt1621029446558650
Pension and other postretirement defined benefit plans, liabilities24
Deferred tax liabilities, net    20(25)
Liability, pension and other postretirement and postemployment benefits  12172120
Other liabilities1621028229344651
Other undisclosed noncurrent liabilities     (20)25
Total noncurrent liabilities:1,0361,0111,038333380384243
Total liabilities:1,4571,4351,471642655694534
Stockholders' equity
Stockholders' equity attributable to parent962897815745658741800
Common stock10101010101010
Treasury stock, value(415)(415)(404)(381)(374)(338)(262)
Additional paid in capital174173169165163160157
Accumulated other comprehensive loss(98)(100)(90)(82)(86)(60)(2)
Retained earnings1,2911,2291,1301,034945970897
Total stockholders' equity:962897815745658741800
TOTAL LIABILITIES AND EQUITY:2,4192,3322,2861,3881,3131,4351,334

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

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Revenues3,4583,4733,0732,594212422
Revenue, net3,0732,5942,5192,7522,460
Cost of revenue
(Cost of Goods and Services Sold)
(2,452)(2,465)(2,189)(1,856)(1,812)(1,982)(1,773)
Other undisclosed gross profit    2,4982,7272,438
Gross profit:1,0061,008884738707770687
Operating expenses(779)(774)(658)(563)(619)(612)(541)
Other undisclosed operating income     2718
Operating income:22623422617589185164
Nonoperating income (expense)3131(1)(2)2
Investment income, nonoperating 110001
Foreign currency transaction gain (loss), before tax0    (1)(1)
Other nonoperating income (expense)1121(1)(1)2
Interest and debt expense (41)(24)(9)(9)(8)(1)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(41)    11
Income from continuing operations before income taxes:18819420516779176166
Income tax expense(55)(50)(63)(33)(49)(60)(53)
Net income available to common stockholders, diluted:13314414213430115113

Comprehensive Income ($ in millions)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Net income:13314414213430115113
Other comprehensive income (loss)(3)(10)(9)4(25)(59)2
Comprehensive income, net of tax, attributable to parent:130134133138457115

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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