A.O. Smith Corporation (AOS) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments631690551645820755645
Cash and cash equivalents443573374260347330324
Short-term investments188117177385473424322
Receivables634585590647598519501
Inventory, net of allowances, customer advances and progress billings448300303305291251223
Inventory448300303305291251223
Deferred tax assets   40
Other current assets39435742573846
Total current assets:1,7531,6181,5001,6391,7671,5621,455
Noncurrent Assets
Operating lease, right-of-use asset334247
Property, plant and equipment607541545540529462443
Intangible assets, net (including goodwill)993871884806825800712
Goodwill628547546513517492421
Intangible assets, net (excluding goodwill)365324338293309308291
Other noncurrent assets90898187766737
Total noncurrent assets:1,7221,5431,5581,4331,4311,3291,191
TOTAL ASSETS:3,4743,1613,0583,0723,1972,8912,647
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,041832718744737714597
Accounts payable746595510544535529425
Accrued liabilities18216214412011110190
Employee-related liabilities113756579918482
Debt777 8713
Other undisclosed current liabilities71484242454544
Total current liabilities:1,119886767785789766653
Noncurrent Liabilities
Long-term debt and lease obligation212141316221403316236
Long-term debt, excluding current maturities190106277221403316236
Operating lease, liability223439
Liabilities, other than long-term debt311285309348357294294
Accounts payable and accrued liabilities114959298989696
Liability, pension and other postretirement and postemployment benefits1614284948109140
Other liabilities1821771892012118858
Other undisclosed noncurrent liabilities      21
Total noncurrent liabilities:523426625569760610551
Total liabilities:1,6421,3121,3911,3551,5491,3761,204
Stockholders' equity
Stockholders' equity attributable to parent, including:1,8321,8481,6671,7171,6491,5151,442
Common stock  16516516516482
Treasury stock, value(1,503)(1,156)(1,113)(827)(627)(488)(361)
Additional paid in capital545520509497487478617
Accumulated other comprehensive loss(331)(321)(348)(351)(300)(363)(313)
Retained earnings2,8272,5102,3232,1031,7931,5931,351
Other undisclosed stockholders' equity attributable to parent29529513113113113266
Total stockholders' equity:1,8321,8481,6671,7171,6491,5151,442
TOTAL LIABILITIES AND EQUITY:3,4743,1613,0583,0723,1972,8912,647

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues3,5392,8952,9933,1882,9972,6862,537
Revenue, net2,9972,6862,537
Cost of revenue
(Cost of Goods and Services Sold)
(2,228)(1,787)(1,812)(1,882)(1,758)(1,567)(1,527)
Gross profit:1,3111,1081,1811,3061,2391,1191,010
Operating expenses(808)(763)(819)(869)(818)(752)(699)
Other undisclosed operating income    158148142
Operating income:503345361437578515453
Nonoperating income
(Other Nonoperating income)
2011182110911
Interest and debt expense(4)(7)(11)(8)(10)(7)(7)
Income from continuing operations before equity method investments, income taxes:519349368450578517456
Other undisclosed income (loss) from continuing operations before income taxes10795104108(57)(55)(54)
Income from continuing operations before income taxes:626444472558521463403
Income tax expense(139)(99)(102)(114)(224)(136)(120)
Net income available to common stockholders, diluted:487345370444297327283

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:487345370444297327283
Other comprehensive income (loss)5(3)(1)4(8)6(1)
Comprehensive income:492342369449289332282
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(15)304(56)71(56)(41)
Comprehensive income, net of tax, attributable to parent:477372373393360277242

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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