A.O Smith Corporation (AOS) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments551645820755645542486
Cash and cash equivalents374260347330324319381
Short-term investments177385473424322223105
Receivables590647598519501475459
Inventory, net of allowances, customer advances and progress billings303305291251223208193
Inventory303305291251223208193
Deferred tax assets   40  
Other current assets57425738465327
Other undisclosed current assets     4140
Total current assets:1,5001,6391,7671,5621,4551,3191,206
Noncurrent Assets
Operating lease, right-of-use asset47
Property, plant and equipment545540529462443428391
Intangible assets, net (including goodwill)884806825800712737758
Goodwill546513517492421429434
Intangible assets, net (excluding goodwill)338293309308291309325
Other noncurrent assets81877667373136
Total noncurrent assets:1,5581,4331,4311,3291,1911,1961,186
TOTAL ASSETS:3,0583,0723,1972,8912,6472,5152,392
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities718744737714597549143
Accounts payable510544535529425394 
Accrued liabilities144120111101908581
Employee-related liabilities65799184827062
Debt7 87131414
Other undisclosed current liabilities424245454442434
Total current liabilities:767785789766653605591
Noncurrent Liabilities
Long-term debt and lease obligation316221403316236210178
Long-term debt, excluding current maturities277221403316236210178
Operating lease, liability39
Liabilities, other than long-term debt309348357294294319204
Pension and other postretirement defined benefit plans, liabilities121
Accounts payable and accrued liabilities929898969694 
Deferred tax liabilities, net    2121
Liability, pension and other postretirement and postemployment benefits284948109140143
Other liabilities18920121188586163
Other undisclosed noncurrent liabilities    21 90
Total noncurrent liabilities:625569760610551529472
Total liabilities:1,3911,3551,5491,3761,2041,1341,063
Stockholders' equity
Stockholders' equity attributable to parent, including:1,6671,7171,6491,5151,4421,3811,180
Common stock16516516516482  
Treasury stock, value(1,113)(827)(627)(488)(361)(231)(133)
Additional paid in capital509497487478617600590
Accumulated other comprehensive loss(348)(351)(300)(363)(313)(272)(259)
Retained earnings2,3232,1031,7931,5931,3511,136982
Other undisclosed stockholders' equity attributable to parent13113113113266148 
Other undisclosed stockholders' equity      149
Total stockholders' equity:1,6671,7171,6491,5151,4421,3811,329
TOTAL LIABILITIES AND EQUITY:3,0583,0723,1972,8912,6472,5152,392

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2,9933,1882,9972,6862,5372,3562,154
Revenue, net2,9972,6862,5372,3562,154
Cost of revenue
(Cost of Goods and Services Sold)
(1,812)(1,882)(1,758)(1,567)(1,527)(1,497)(1,382)
Other undisclosed gross profit      2
Gross profit:1,1811,3061,2391,1191,010859774
Operating expenses(819)(869)(818)(752)(699)(654)(608)
Other undisclosed operating income  158148142140134
Operating income:361437578515453345300
Nonoperating income
(Other Nonoperating income)
18211091154
Interest and debt expense(11)(8)(10)(7)(7)(6)(6)
Other undisclosed loss from continuing operations before equity method investments, income taxes     (58)(62)
Income from continuing operations before equity method investments, income taxes:368450578517456287236
Other undisclosed income (loss) from continuing operations before income taxes104108(57)(55)(54)  
Income from continuing operations before income taxes:472558521463403287236
Income tax expense(102)(114)(224)(136)(120)(79)(67)
Net income available to common stockholders, diluted:370444297327283208170

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:370444297327283208170
Other comprehensive income (loss)(1)4(8)6(1)  
Comprehensive income:369449289332282208170
Other undisclosed comprehensive income (loss), net of tax, attributable to parent4(56)71(56)(41)(13)61
Comprehensive income, net of tax, attributable to parent:373393360277242195231

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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