Avantor, Inc. (AVTR) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
RADNOR CORPORATE CENTER, BUILDING ONE RADNOR, PA 19087 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3826 - Laboratory Analytical Instruments (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 6/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 373 | 302 | 287 | 187 | |||
| Cash and cash equivalents | 373 | 302 | 287 | 187 | |||
| Receivables | 1,218 | 1,222 | 1,113 | 989 | |||
| Inventory, net of allowances, customer advances and progress billings | 914 | 872 | 740 | 711 | |||
| Inventory | 914 | 872 | 740 | 711 | |||
| Other current assets | 153 | 81 | 91 | 135 | |||
| Total current assets: | 2,658 | 2,477 | 2,231 | 2,022 | |||
| Noncurrent Assets | |||||||
| Property, plant and equipment | 727 | 706 | 550 | 557 | |||
| Intangible assets, net (including goodwill) | 9,786 | 10,481 | 6,909 | 6,990 | |||
| Goodwill | 5,653 | 5,341 | 2,860 | 2,769 | |||
| Intangible assets, net (excluding goodwill) | 4,133 | 5,140 | 4,049 | 4,220 | |||
| Other noncurrent assets | 294 | 233 | 217 | 205 | |||
| Total noncurrent assets: | 10,806 | 11,420 | 7,676 | 7,752 | |||
| TOTAL ASSETS: | 13,464 | 13,897 | 9,907 | 9,773 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities | 931 | 1,005 | 903 | 749 | |||
| Interest and dividends payable | ✕ | ✕ | 50 | 45 | 74 | ||
| Employee-related liabilities | ✕ | ✕ | 200 | 179 | 114 | ||
| Accounts payable | 758 | 755 | 679 | 560 | |||
| Accrued liabilities | 172 | ||||||
| Debt | 364 | 45 | 26 | 94 | |||
| Other liabilities | 364 | 401 | 314 | 232 | |||
| Total current liabilities: | 1,659 | 1,451 | 1,243 | 1,075 | |||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation | 5,923 | 6,978 | 4,868 | 5,186 | |||
| Long-term debt, excluding current maturities | 5,923 | 6,978 | 4,868 | 5,023 | |||
| Finance lease, liability | 56 | ||||||
| Liabilities, other than long-term debt | 1,027 | 1,271 | 1,122 | 428 | |||
| Deferred income tax liabilities | 731 | 913 | 724 | ||||
| Other liabilities | 295 | 358 | 398 | 428 | |||
| Operating lease, liability | 107 | ||||||
| Other undisclosed noncurrent liabilities | 622 | ||||||
| Total noncurrent liabilities: | 6,950 | 8,249 | 5,990 | 6,237 | |||
| Total liabilities: | 8,609 | 9,700 | 7,232 | 7,311 | |||
| Equity | |||||||
| Equity, attributable to parent, including: | 4,855 | 4,197 | 2,674 | 2,462 | |||
| Accumulated other comprehensive income (loss) | (100) | (43) | 22 | (86) | |||
| Retained earnings (accumulated deficit) | 1,170 | 484 | (89) | (204) | |||
| Other undisclosed equity, attributable to parent | 3,785 | 3,756 | 2,741 | 2,752 | |||
| Total equity: | 4,855 | 4,197 | 2,674 | 2,462 | |||
| TOTAL LIABILITIES AND EQUITY: | 13,464 | 13,897 | 9,907 | 9,773 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|
| Revenues | 7,512 | 7,386 | 6,394 | 6,040 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (4,910) | (4,883) | (4,313) | (4,120) | ||
| Gross profit: | 2,603 | 2,503 | 2,081 | 1,921 | ||
| Operating expenses | (1,473) | (1,531) | (1,374) | (1,369) | ||
| Operating income: | 1,130 | 972 | 707 | 552 | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | (1) | 11 | 10 | 3 | ||
| Interest and debt expense | (278) | (230) | (654) | (514) | ||
| Income from continuing operations before income taxes: | 851 | 753 | 62 | 41 | ||
| Income tax expense (benefit) | (165) | (180) | 54 | (3) | ||
| Income from continuing operations: | 687 | 573 | 117 | 38 | ||
| Income before gain (loss) on sale of properties: | ✕ | 573 | 117 | 38 | ||
| Net income attributable to parent: | 687 | 573 | 117 | 38 | ||
| Preferred stock dividends and other adjustments | (24) | (65) | (65) | (373) | ||
| Net income (loss) available to common stockholders, basic: | 662 | 508 | 52 | (335) | ||
| Dilutive securities, effect on basic earnings per share | 24 | |||||
| Other undisclosed net loss available to common stockholders, diluted | ||||||
| Net income (loss) available to common stockholders, diluted: | 687 | 508 | 52 | (335) | ||
Comprehensive Income ($ in millions)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|
| Net income: | 687 | 573 | 117 | 38 | ||
| Other comprehensive loss | (8) | (20) | ||||
| Other undisclosed comprehensive income (loss) | 0 | |||||
| Comprehensive income: | 687 | 573 | 109 | 18 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (57) | (65) | 115 | |||
| Comprehensive income, net of tax, attributable to parent: | 629 | 508 | 224 | 18 | ||
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.