Ampco-Pittsburgh Corporation (AP) financial statements (2020 and earlier)

Company profile

Business Address 726 BELL AVENUE
CARNEGIE, PA 15106
State of Incorp. PA
Fiscal Year End December 31
SIC 3561 - Pumps and Pumping Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

9/30/2019
TTM
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 investments10202139959798
Cash and cash equivalents10202139959798
Receivables94698772455550
Inventory, net of allowances, customer advances and progress billings879410884605564
Inventory879410884605564
Disposal group, including discontinued operation 20     
Other current assets7712143910
Other undisclosed current assets 171313171725
Total current assets:198228240221220232247
Noncurrent Assets
Operating lease, right-of-use asset5
Nontrade receivables12413687103108124
Property, plant and equipment165186215214147150151
Long-term investments and receivables2222345
Long-term investments2222345
Intangible assets, net (including goodwill)891112  
Intangible assets, net (excluding goodwill)891112   
Estimated insurance recoveries     141
Other noncurrent assets9789777
Other undisclosed noncurrent assets332521(121)93
Total noncurrent assets:316343325344286304256
TOTAL ASSETS:514571566566506536503
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities57597057232826
Accounts payable36394737141716
Accrued liabilities     2 
Employee-related liabilities20202320989
Taxes payable     21
Debt20461927   
Estimated litigation liability24241818212127
Due to related parties     22 
Disposal group, including discontinued operation 9     
Other liabilities28293742242222
Other undisclosed current liabilities1   13(12)12
Total current liabilities:129167145144818187
Noncurrent Liabilities
Long-term debt and lease obligation, including:55324725   
Long-term debt, excluding current maturities  4725   
Operating lease, liability5
Other undisclosed long-term debt and lease obligation5032     
Liabilities, other than long-term debt262279212246213250181
Pension and other postretirement defined benefit plans, liabilities49
Liability, pension and other postretirement and postemployment benefits717380926481
Estimated litigation liability189204132153149168131
Other liabilities2201111
Other undisclosed noncurrent liabilities5001   
Total noncurrent liabilities:323311259272213250181
Total liabilities:452478404416295331268
Stockholders' equity
Stockholders' equity attributable to parent5588159148211205235
Common stock13121212101010
Additional paid in capital156155153151129128126
Accumulated other comprehensive loss(59)(49)(45)(61)(58)(69)(46)
Retained earnings (accumulated deficit)(54)(30)3845130136145
Stockholders' equity attributable to noncontrolling interest6532   
Total stockholders' equity:6193162150211205235
TOTAL LIABILITIES AND EQUITY:514571566566506536503

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues366419432332238273281
Revenue, net432332238273281
Cost of revenue
(Cost of Goods and Services Sold)
(75) (1)(2)(2)(2) 
Gross profit:290419432330236271281
Operating expenses(340)(464)(442)(386)(233)(273)(252)
Other undisclosed operating income  1222 
Operating income (loss):(49)(45)(9)(55)5029
Nonoperating income (expense)01(4)(3)(1)(1)(2)
Investment income, nonoperating1100000
Foreign currency transaction loss, before tax     (0)(0)
Other nonoperating income (expense)45(1)(1)(0)(1)(2)
Interest and debt expense(5)(4)(4)(2)(0)(0)(0)
Other undisclosed income from continuing operations before equity method investments, income taxes5442000
Income (loss) from continuing operations before equity method investments, income taxes:(49)(44)(14)(58)5(1)27
Income (loss) from equity method investments 110(1)  
Other undisclosed income from continuing operations before income taxes1      
Income (loss) from continuing operations before income taxes:(49)(43)(13)(57)4(1)27
Income tax expense (benefit)(1)(0)1(23)(3)1(6)
Income (loss) from continuing operations:(50)(44)(11)(80)1(0)21
Loss from discontinued operations(9)(24)     
Other undisclosed loss before gain (loss) on sale of properties(24)      
Net income (loss):(83)(67)(11)(80)1(0)21
Net loss attributable to noncontrolling interest(2)(2)(1)(0)   
Other undisclosed net loss attributable to parent     (1)(9)
Net income (loss) available to common stockholders, diluted:(84)(69)(12)(80)1(1)12

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(83)(67)(11)(80)1(0)21
Other comprehensive income (loss)(9)(4)22 7(8) 
Other undisclosed comprehensive income (loss)   (3)2(14) 
Comprehensive income (loss):(92)(72)11(83)11(23)21
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)(2)(1)0   
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    1(1)28
Comprehensive income (loss), net of tax, attributable to parent:(93)(73)10(83)13(24)49

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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