A.O. Smith Corporation (AOS) Financial Statements (2024 and earlier)

Company Profile

Business Address 11270 WEST PARK PLACE
MILWAUKEE, WI 53224
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 363 - Household Appliances (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
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 investments482631690551645820
Cash and cash equivalents391443573374260347
Short-term investments91188117177385473
Receivables581634585590647598
Inventory, net of allowances, customer advances and progress billings516448300303305291
Inventory516448300303305291
Other current assets543943574257
Total current assets:1,6341,7531,6181,5001,6391,767
Noncurrent Assets
Operating lease, right-of-use asset30334247
Property, plant and equipment591607541545540529
Intangible assets, net (including goodwill)968993871884806825
Goodwill620628547546513517
Intangible assets, net (excluding goodwill)348365324338293309
Other noncurrent assets1119089818776
Total noncurrent assets:1,6991,7221,5431,5581,4331,431
TOTAL ASSETS:3,3323,4743,1613,0583,0723,197
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7851,041832718744737
Employee-related liabilities11375657991
Accounts payable626746595510544535
Accrued liabilities159182162144120111
Deferred revenue 86   
Debt10777 8
Other undisclosed current liabilities547148424245
Total current liabilities:9341,119886767785789
Noncurrent Liabilities
Long-term debt and lease obligation335212141316221403
Long-term debt, excluding current maturities335190106277221403
Liabilities, other than long-term debt316311285309348357
Accounts payable and accrued liabilities11911495929898
Liability, pension and other postretirement and postemployment benefits 101614284948
Other liabilities165182177189201211
Operating lease, liability22223439
Total noncurrent liabilities:650523426625569760
Total liabilities:1,5851,6421,3121,3911,3551,549
Equity
Equity, attributable to parent, including:1,7481,8321,8481,6671,7171,649
Common stock    165165165
Treasury stock, value(1,906)(1,503)(1,156)(1,113)(827)(627)
Additional paid in capital556545520509497487
Accumulated other comprehensive loss(82)(331)(321)(348)(351)(300)
Retained earnings2,8852,8272,5102,3232,1031,793
Other undisclosed equity, attributable to parent295295295131131131
Total equity:1,7481,8321,8481,6671,7171,649
TOTAL LIABILITIES AND EQUITY:3,3323,4743,1613,0583,0723,197

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues3,7543,5392,8952,9933,1882,997
Revenue, net2,997
Cost of revenue
(Cost of Goods and Services Sold)
(2,424)(2,228)(1,787)(1,812)(1,882)(1,758)
Gross profit:1,3301,3111,1081,1811,3061,239
Operating expenses(773)(808)(763)(819)(869)(818)
Other undisclosed operating income      158
Operating income:557503345361437578
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(426)2011182110
Interest and debt expense(9)(4)(7)(11)(8)(10)
Income from continuing operations before equity method investments, income taxes:122519349368450578
Other undisclosed income (loss) from continuing operations before income taxes10210795104108(57)
Income from continuing operations before income taxes:224626444472558521
Income tax expense (benefit)12(139)(99)(102)(114)(224)
Income from continuing operations:236487345370444297
Income before gain (loss) on sale of properties:487345370444297
Net income available to common stockholders, diluted:236487345370444297

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:236487345370444297
Other comprehensive income (loss)(180)5(3)(1)4(8)
Comprehensive income:55492342369449289
Other undisclosed comprehensive income (loss), net of tax, attributable to parent429(15)304(56)71
Comprehensive income, net of tax, attributable to parent:485477372373393360

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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