Applied Industrial Technologies, Inc. (AIT) financial statements (2023 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)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1552582691085410560
Cash and cash equivalents1552582691085410560
Receivables520516450541549391348
Inventory, net of allowances, customer advances and progress billings400363389448422345338
Inventory400363389448422345338
Other current assets69605251334136
Total current assets:1,1441,1971,1601,1481,058883782
Noncurrent Assets
Operating lease, right-of-use asset918791
Property, plant and equipment112116122124121108108
Intangible assets, net (including goodwill)8298408841,0311,083370394
Goodwill563560541662647206203
Intangible assets, net (excluding goodwill)266280343369436164191
Regulated entity, other noncurrent assets      1
Other noncurrent assets50332728241817
Other undisclosed noncurrent assets     912
Total noncurrent assets:1,0821,0751,1241,1841,228505531
TOTAL ASSETS:2,2262,2722,2842,3322,2861,3881,313
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities268286248305330239206
Accounts payable204208186237257181149
Employee-related liabilities65786268735957
Debt404479491953
Other liabilities91989969836665
Total current liabilities:400428426424433310274
Noncurrent Liabilities
Long-term debt and lease obligation681785855909945287325
Long-term debt, excluding current maturities681785855909945287325
Liabilities, other than long-term debt123127159102944655
Liability, pension and other postretirement and postemployment benefits    121721
Other liabilities123127159102822934
Total noncurrent liabilities:8049121,0141,0111,038333380
Total liabilities:1,2041,3391,4401,4351,471642655
Stockholders' equity
Stockholders' equity attributable to parent1,022933844897815745658
Common stock10101010101010
Treasury stock, value(467)(456)(414)(415)(404)(381)(374)
Additional paid in capital180177176173169165163
Accumulated other comprehensive loss(93)(93)(129)(100)(90)(82)(86)
Retained earnings1,3921,2941,2011,2291,1301,034945
Total stockholders' equity:1,022933844897815745658
TOTAL LIABILITIES AND EQUITY:2,2262,2722,2842,3322,2861,3881,313

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

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Revenues3,5053,2363,2463,4733,0732,59421
Revenue, net3,0732,5942,519
Cost of revenue
(Cost of Goods and Services Sold)
(2,482)(2,300)(2,308)(2,465)(2,189)(1,856)(1,812)
Other undisclosed gross profit      2,498
Gross profit:1,0239369381,008884738707
Operating expenses(715)(730)(849)(774)(658)(563)(619)
Operating income:3082058923422617589
Nonoperating income (expense)424131(1)
Investment income, nonoperating 011100
Other nonoperating income (expense)323121(1)
Interest and debt expense (31)(37)(41)(24)(9)(9)
Other undisclosed loss from continuing operations before equity method investments, income taxes(15)      
Income from continuing operations before equity method investments, income taxes:2961775519420516779
Other undisclosed loss from continuing operations before income taxes(14)      
Income from continuing operations before income taxes:2821775519420516779
Income tax expense(57)(32)(31)(50)(63)(33)(49)
Net income available to common stockholders, diluted:2251452414414213430

Comprehensive Income ($ in millions)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Net income:2251452414414213430
Other comprehensive income (loss)1436(30)(10)(9)4(25)
Comprehensive income (loss), net of tax, attributable to parent:240181(6)1341331384

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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