AMETEK, Inc. (AME) Financial Statements (2023 and earlier)

Company Profile

Business Address 1100 CASSATT ROAD
BERWYN, PA 19312
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3823 - Industrial Instruments for Measurement, Display, and Control of Process Variables; and Related Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

6/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3453471,213393354646
Cash and cash equivalents3453471,213393354646
Receivables919829597745733668
Inventory, net of allowances, customer advances and progress billings1,044769559625625541
Inventory1,044769559625625541
Other current assets21918415326312580
Total current assets:2,5282,1292,5222,0261,8361,935
Noncurrent Assets
Operating lease, right-of-use asset170170167180
Property, plant and equipment636617527549554493
Intangible assets, net (including goodwill)8,7158,6076,8496,8106,0165,129
Goodwill5,3735,2394,2254,0483,6123,116
Intangible assets, net (excluding goodwill)3,3423,3692,6242,7632,4042,013
Other undisclosed noncurrent assets382375293280256239
Total noncurrent assets:9,9039,7697,8357,8196,8265,861
TOTAL ASSETS:12,43111,89810,3579,8458,6627,796
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities932949749772763831
Taxes payable3639304935
Accounts payable497470360377400437
Accrued liabilities435443350364314359
Deferred revenue358299195157
Debt226315132497359308
Contract with customer, liability137
Other undisclosed current liabilities48     
Total current liabilities:1,5641,5631,0761,4261,2591,139
Noncurrent Liabilities
Long-term debt and lease obligation2,1592,2292,2812,4142,2741,866
Long-term debt, excluding current maturities2,1592,2292,2812,2712,2741,866
Liabilities, other than long-term debt1,2311,2341,051587888764
Deferred tax liabilities, net528513
Deferred income tax liabilities694720533 
Liability, pension and other postretirement and postemployment benefits    92  
Other liabilities537514517496359251
Operating lease, liability    143
Other undisclosed noncurrent liabilities    302  
Total noncurrent liabilities:3,3903,4633,3323,3033,1622,630
Total liabilities:4,9555,0264,4084,7294,4203,768
Equity
Equity, attributable to parent7,4776,8725,9495,1154,2424,028
Common stock333333
Treasury stock, value(1,903)(1,573)(1,565)(1,574)(1,570)(1,209)
Additional paid in capital1,0941,013922833707661
Accumulated other comprehensive loss(575)(470)(504)(533)(551)(429)
Retained earnings8,8577,9007,0956,3885,6545,002
Total equity:7,4776,8725,9495,1154,2424,028
TOTAL LIABILITIES AND EQUITY:12,43111,89810,3579,8458,6627,796

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

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues6,1515,5474,5405,1594,8464,300
Revenue, net4,300
Cost of revenue
(Cost of Goods and Services Sold)
(4,005)(3,634)(2,997)(3,371)(3,186)(2,851)
Gross profit:2,1451,9131,5441,7881,6601,449
Operating expenses(645)(604)(516)(610)(584)(534)
Operating income:1,5011,3091,0281,1771,076915
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
11(5)140(19)(6)(20)
Interest and debt expense(83)(80)(86)(88)(82)(98)
Income from continuing operations before income taxes:1,4291,2231,0821,070988797
Income tax expense(269)(233)(210)(208)(210)(115)
Income from continuing operations:1,160990872861778681
Income before gain (loss) on sale of properties:990872861778681
Net income available to common stockholders, diluted:1,160990872861778681

Comprehensive Income ($ in millions)

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:1,160990872861778681
Other comprehensive income (loss)5239(46)(3)(20)28
Comprehensive income:1,2121,029827858758710
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(157)(5)7421(102)85
Comprehensive income, net of tax, attributable to parent:1,0551,024901879656795

Statements Sources

The financial statements are based on the Company's filings with 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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