A.O Smith Corporation (AOS) financial statements (2021 and earlier)

Company profile

Business Address 11270 WEST PARK PLACE
MILWAUKEE, WI 53224
State of Incorp. DE
Fiscal Year End December 31
SIC 363 - Household Appliances (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 investments690551645820755645542
Cash and cash equivalents573374260347330324319
Short-term investments117177385473424322223
Receivables585590647598519501475
Inventory, net of allowances, customer advances and progress billings300303305291251223208
Inventory300303305291251223208
Deferred tax assets   40 
Other current assets43574257384653
Other undisclosed current assets      41
Total current assets:1,6181,5001,6391,7671,5621,4551,319
Noncurrent Assets
Operating lease, right-of-use asset4247
Property, plant and equipment541545540529462443428
Intangible assets, net (including goodwill)871884806825800712737
Goodwill547546513517492421429
Intangible assets, net (excluding goodwill)324338293309308291309
Other noncurrent assets89818776673731
Total noncurrent assets:1,5431,5581,4331,4311,3291,1911,196
TOTAL ASSETS:3,1613,0583,0723,1972,8912,6472,515
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities832718744737714597549
Accounts payable595510544535529425394
Accrued liabilities1621441201111019085
Employee-related liabilities75657991848270
Debt77 871314
Other undisclosed current liabilities48424245454442
Total current liabilities:886767785789766653605
Noncurrent Liabilities
Long-term debt and lease obligation141316221403316236210
Long-term debt, excluding current maturities106277221403316236210
Operating lease, liability3439
Liabilities, other than long-term debt285309348357294294319
Accounts payable and accrued liabilities95929898969694
Deferred tax liabilities, net    21
Liability, pension and other postretirement and postemployment benefits14284948109140143
Other liabilities177189201211885861
Other undisclosed noncurrent liabilities     21 
Total noncurrent liabilities:426625569760610551529
Total liabilities:1,3121,3911,3551,5491,3761,2041,134
Stockholders' equity
Stockholders' equity attributable to parent, including:1,8481,6671,7171,6491,5151,4421,381
Common stock 16516516516482 
Treasury stock, value(1,156)(1,113)(827)(627)(488)(361)(231)
Additional paid in capital520509497487478617600
Accumulated other comprehensive loss(321)(348)(351)(300)(363)(313)(272)
Retained earnings2,5102,3232,1031,7931,5931,3511,136
Other undisclosed stockholders' equity attributable to parent29513113113113266148
Total stockholders' equity:1,8481,6671,7171,6491,5151,4421,381
TOTAL LIABILITIES AND EQUITY:3,1613,0583,0723,1972,8912,6472,515

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
Revenues2,8952,9933,1882,9972,6862,5372,356
Revenue, net2,9972,6862,5372,356
Cost of revenue
(Cost of Goods and Services Sold)
(1,787)(1,812)(1,882)(1,758)(1,567)(1,527)(1,497)
Gross profit:1,1081,1811,3061,2391,1191,010859
Operating expenses(763)(819)(869)(818)(752)(699)(654)
Other undisclosed operating income   158148142140
Operating income:345361437578515453345
Nonoperating income
(Other Nonoperating income)
111821109115
Interest and debt expense(7)(11)(8)(10)(7)(7)(6)
Other undisclosed loss from continuing operations before equity method investments, income taxes      (58)
Income from continuing operations before equity method investments, income taxes:349368450578517456287
Other undisclosed income (loss) from continuing operations before income taxes95104108(57)(55)(54) 
Income from continuing operations before income taxes:444472558521463403287
Income tax expense(99)(102)(114)(224)(136)(120)(79)
Net income available to common stockholders, diluted:345370444297327283208

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:345370444297327283208
Other comprehensive income (loss)(3)(1)4(8)6(1) 
Comprehensive income:342369449289332282208
Other undisclosed comprehensive income (loss), net of tax, attributable to parent304(56)71(56)(41)(13)
Comprehensive income, net of tax, attributable to parent:372373393360277242195

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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