Applied Industrial Technologies, Inc. (AIT) financial statements (2021 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)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments289269108541056069
Cash and cash equivalents289269108541056069
Receivables444450541549391348376
Inventory, net of allowances, customer advances and progress billings364389448422345338362
Inventory364389448422345338362
Other current assets55525133413651
Total current assets:1,1521,1601,1481,058883782859
Noncurrent Assets
Operating lease, right-of-use asset8791
Property, plant and equipment121122124121108108104
Intangible assets, net (including goodwill)8528841,0311,083370394453
Goodwill557541662647206203254
Intangible assets, net (excluding goodwill)295343369436164191199
Regulated entity, other noncurrent assets     11
Other noncurrent assets30272824181718
Other undisclosed noncurrent assets    912(1)
Total noncurrent assets:1,0891,1241,1841,228505531576
TOTAL ASSETS:2,2412,2842,3322,2861,3881,3131,435
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities264248305330239206244
Accounts payable196186237257181149180
Employee-related liabilities67626873595764
Debt79794919533
Other liabilities84996983666563
Total current liabilities:426426424433310274310
Noncurrent Liabilities
Long-term debt and lease obligation783855909945287325318
Long-term debt, excluding current maturities783855909945287325318
Liabilities, other than long-term debt15115910294465586
Deferred tax liabilities, net    20
Liability, pension and other postretirement and postemployment benefits   12172120
Other liabilities15115910282293446
Other undisclosed noncurrent liabilities      (20)
Total noncurrent liabilities:9341,0141,0111,038333380384
Total liabilities:1,3601,4401,4351,471642655694
Stockholders' equity
Stockholders' equity attributable to parent881844897815745658741
Common stock10101010101010
Treasury stock, value(415)(414)(415)(404)(381)(374)(338)
Additional paid in capital175176173169165163160
Accumulated other comprehensive loss(107)(129)(100)(90)(82)(86)(60)
Retained earnings1,2181,2011,2291,1301,034945970
Total stockholders' equity:881844897815745658741
TOTAL LIABILITIES AND EQUITY:2,2412,2842,3322,2861,3881,3131,435

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

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Revenues3,0553,2463,4733,0732,5942124
Revenue, net3,0732,5942,5192,752
Cost of revenue
(Cost of Goods and Services Sold)
(2,185)(2,308)(2,465)(2,189)(1,856)(1,812)(1,982)
Other undisclosed gross profit     2,4982,727
Gross profit:8709381,008884738707770
Operating expenses(851)(849)(774)(658)(563)(619)(612)
Other undisclosed operating income      27
Operating income:198923422617589185
Nonoperating income (expense)34131(1)(2)
Investment income, nonoperating 111000
Foreign currency transaction loss, before tax      (1)
Other nonoperating income (expense)23121(1)(1)
Interest and debt expense (37)(41)(24)(9)(9)(8)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(33)     1
Income (loss) from continuing operations before income taxes:(11)5519420516779176
Income tax expense(13)(31)(50)(63)(33)(49)(60)
Net income (loss) available to common stockholders, diluted:(23)2414414213430115

Comprehensive Income ($ in millions)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Net income (loss):(23)2414414213430115
Other comprehensive income (loss)(10)(30)(10)(9)4(25)(59)
Comprehensive income (loss), net of tax, attributable to parent:(33)(6)134133138457

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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