Astec Industries, Inc. (ASTE) financial statements (2023 and earlier)

Company profile

Business Address 1725 SHEPHERD ROAD
CHATTANOOGA, TN 37421
State of Incorp. TN
Fiscal Year End December 31
SIC 3531 - Construction Machinery and Equipment (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 investments1431816845648327
Cash and cash equivalents1341594926628225
Short-term investments9221919212
Receivables14411612013111510799
Inventory, net of allowances, customer advances and progress billings303250295356391360385
Inventory303250295356391360385
Prepaid expense209152413  
Other current assets     02
Other undisclosed current assets321185202630
Total current assets:642566506561603577542
Noncurrent Assets
Property, plant and equipment172173190192190181170
Long-term investments and receivables12141615151412
Long-term investments12141615151412
Intangible assets, net (including goodwill)61705758776744
Goodwill39393333464131
Intangible assets, net (excluding goodwill)23312425312714
Deferred income tax assets161525
Other noncurrent assets81162223
Other undisclosed noncurrent assets   27336
Total noncurrent assets:270282294294287267236
TOTAL ASSETS:911848800855890844777
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1188492106999685
Accounts payable84535771605748
Accrued liabilities11101011151320
Employee-related liabilities24212524232617
Deferred revenue603443
Debt3210275
Self insurance reserve2322333
Customer advances and deposits493940
Contract with customer, liability48
Other liabilities434834332624 
Other undisclosed current liabilities      9
Total current liabilities:225170173189179169142
Noncurrent Liabilities
Long-term debt and lease obligation00160245
Long-term debt, excluding current maturities00160245
Liabilities, other than long-term debt31352521222220
Deferred tax liabilities, net1222
Deferred income tax liabilities111
Other liabilities30342420212018
Total noncurrent liabilities:31352581242625
Total liabilities:257205198270203195167
Stockholders' equity
Stockholders' equity attributable to parent, including:654643602585686648608
Common stock5555555
Additional paid in capital131128123121142140138
Accumulated other comprehensive loss(32)(34)(32)(34)(24)(32)(24)
Retained earnings553545508495565537491
Other undisclosed stockholders' equity attributable to parent(1)(2)(2)(2)(2)(2)(2)
Stockholders' equity attributable to noncontrolling interest1111112
Total stockholders' equity:655643602585687649610
TOTAL LIABILITIES AND EQUITY:911848800855890844777

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
Revenues1,0971,0241,1701,1721,1851,147983
Revenue, net1,1851,147983
Cost of revenue
(Cost of Goods and Services Sold)
(846)(784)(930)(1,036)(942)(882)(764)
Gross profit:252240239136243265219
Operating expenses(230)(197)(214)(181)(161)(153)(145)
Other undisclosed operating loss   (41)(27)(25)(24)
Operating income (loss):224325(86)568750
Nonoperating income (expense)(5)301113
Investment income, nonoperating(0) 0(0)110
Foreign currency transaction gain, before tax    0  
Other nonoperating income 101113
Interest and debt expense(1)(1)(1)(1)(1)(1)(2)
Other undisclosed income from continuing operations before equity method investments, income taxes 111111
Income (loss) from continuing operations before equity method investments, income taxes:164625(86)578752
Other undisclosed income from continuing operations before income taxes1      
Income (loss) from continuing operations before income taxes:174625(86)578752
Income tax expense (benefit)11(3)25(20)(32)(20)
Net income (loss):184722(61)385532
Net income (loss) attributable to noncontrolling interest(0) 00001
Net income (loss) available to common stockholders, diluted:184722(60)385533

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 (loss):184722(61)385532
Other comprehensive income (loss)1(2)3(10)   
Other undisclosed comprehensive income   61   
Comprehensive income (loss):194525(10)385532
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0) 00002
Other undisclosed comprehensive income (loss), net of tax, attributable to parent0  (61)7(8)(11)
Comprehensive income (loss), net of tax, attributable to parent:194525(70)454723

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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