Ampco-Pittsburgh Corporation (AP) financial statements (2021 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)

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 investments1772021399597
Cash and cash equivalents1772021399597
Receivables76986987724555
Inventory, net of allowances, customer advances and progress billings738294108846055
Inventory738294108846055
Disposal group, including discontinued operation  20    
Other current assets567121439
Other undisclosed current assets  1713131717
Total current assets:172193228240221220232
Noncurrent Assets
Operating lease, right-of-use asset44
Nontrade receivables10212113687103108124
Property, plant and equipment162166186215214147150
Long-term investments and receivables2222234
Long-term investments2222234
Intangible assets, net (including goodwill)7891112  
Intangible assets, net (excluding goodwill)7891112  
Estimated insurance recoveries      141
Other noncurrent assets11978977
Other undisclosed noncurrent assets2332521(121)
Total noncurrent assets:291313343325344286304
TOTAL ASSETS:463507571566566506536
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities46565970572328
Accounts payable27333947371417
Accrued liabilities      2
Employee-related liabilities192220232098
Taxes payable      2
Debt1220461927  
Estimated litigation liability22212418182121
Due to related parties      22
Disposal group, including discontinued operation  9    
Other liabilities24272937422422
Other undisclosed current liabilities11   13(12)
Total current liabilities:1051241671451448181
Noncurrent Liabilities
Long-term debt and lease obligation, including:2550324725  
Long-term debt, excluding current maturities   4725  
Operating lease, liability44
Other undisclosed long-term debt and lease obligation214732    
Liabilities, other than long-term debt243272279212246213250
Liability, pension and other postretirement and postemployment benefits82847380926481
Estimated litigation liability158187204132153149168
Other liabilities3120111
Other undisclosed noncurrent liabilities54001  
Total noncurrent liabilities:273327311259272213250
Total liabilities:378451478404416295331
Stockholders' equity
Stockholders' equity attributable to parent774988159148211205
Common stock18131212121010
Additional paid in capital170156155153151129128
Accumulated other comprehensive loss(69)(69)(49)(45)(61)(58)(69)
Retained earnings (accumulated deficit)(43)(51)(30)3845130136
Stockholders' equity attributable to noncontrolling interest87532  
Total stockholders' equity:855693162150211205
TOTAL LIABILITIES AND EQUITY:463507571566566506536

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
Revenues329398419432332238273
Revenue, net432332238273
Cost of revenue(258)(326) (1)(2)(2)(2)
Cost of goods and services sold(258)(326) (1)(2)(2)(2)
Gross profit:7172419432330236271
Operating expenses(64)(83)(464)(442)(386)(233)(273)
Other undisclosed operating income   1222
Operating income (loss):6(11)(45)(9)(55)50
Nonoperating income (expense)231(4)(3)(1)(1)
Investment income, nonoperating1110000
Foreign currency transaction loss, before tax      (0)
Other nonoperating income (expense)565(1)(1)(0)(1)
Interest and debt expense(4)(5)(4)(4)(2)(0)(0)
Other undisclosed income from continuing operations before equity method investments, income taxes4544200
Income (loss) from continuing operations before equity method investments, income taxes:9(8)(44)(14)(58)5(1)
Income (loss) from equity method investments  110(1) 
Income (loss) from continuing operations before income taxes:9(8)(43)(13)(57)4(1)
Income tax expense (benefit)0(2)(0)1(23)(3)1
Income (loss) from continuing operations:9(10)(44)(11)(80)1(0)
Loss from discontinued operations (9)(24)    
Net income (loss):9(20)(67)(11)(80)1(0)
Net loss attributable to noncontrolling interest(1)(1)(2)(1)(0)  
Other undisclosed net loss attributable to parent      (1)
Net income (loss) available to common stockholders, diluted:8(21)(69)(12)(80)1(1)

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 (loss):9(20)(67)(11)(80)1(0)
Other comprehensive income (loss)0(19)(4)22 7(8)
Other undisclosed comprehensive income (loss)    (3)2(14)
Comprehensive income (loss):10(39)(72)11(83)11(23)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)(1)(2)(1)0  
Other undisclosed comprehensive income (loss), net of tax, attributable to parent     1(1)
Comprehensive income (loss), net of tax, attributable to parent:8(40)(73)10(83)13(24)

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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