Avery Dennison Corporation (AVY) financial statements (2021 and earlier)

Company profile

Business Address 207 GOODE AVENUE
GLENDALE, CA 91203
State of Incorp. DE
Fiscal Year End December 31
SIC 267 - Converted Paper And Paperboard Products, Except (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 investments252254232224195159227
Cash and cash equivalents252254232224195159227
Receivables1,2351,2121,2171,2091,031965958
Inventory, net of allowances, customer advances and progress billings717663651610519479492
Inventory717663651610519479492
Disposal group, including discontinued operation  46731
Other current assets212212194188153140136
Other undisclosed current assets     31108
Total current assets:2,4162,3412,2982,2381,9051,7751,921
Noncurrent Assets
Property, plant and equipment1,3441,2111,1371,098915848875
Intangible assets, net (including goodwill)1,3611,0571,0861,151860732789
Goodwill1,136931942985794686722
Intangible assets, net (excluding goodwill)225127144166674667
Deferred income tax assets198225
Other noncurrent assets765655451453403406464
Deferred tax assets, net205196313372311
Total noncurrent assets:3,6683,1482,8802,8992,4922,3582,439
TOTAL ASSETS:6,0845,4895,1785,1374,3964,1344,360
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,7211,6811,6701,5941,3301,2331,238
Accounts payable1,0511,0661,0311,007842815798
Accrued liabilities345323363289233224267
Employee-related liabilities239220218249217195174
Taxes payable8671584938  
Debt6544019526557995204
Accrued environmental loss contingencies910558710
Other undisclosed current liabilities13112212510787124145
Total current liabilities:1,9262,2541,9941,9722,0041,4591,598
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,0521,4991,7721,316713964945
Finance lease, liability2324
Operating lease, liability11699
Other undisclosed long-term debt and lease obligation1,9131,3761,7721,316713964945
Total noncurrent liabilities:2,1681,4991,7721,316713964945
Total liabilities:4,0943,7533,7663,2882,7182,4232,543
Stockholders' equity
Stockholders' equity attributable to parent1,4851,2049551,0469269661,067
Common stock124124124124124124124
Treasury stock, value(2,501)(2,425)(2,224)(1,857)(1,772)(1,587)(1,471)
Additional paid in capital862874872863852834824
Accumulated other comprehensive loss(350)(348)(682)(681)(752)(683)(547)
Retained earnings3,3492,9792,8652,5972,4732,2782,137
Total stockholders' equity:1,4851,2049551,0469269661,067
Other undisclosed liabilities and equity505532457803753745751
TOTAL LIABILITIES AND EQUITY:6,0845,4895,1785,1374,3964,1344,360

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
Revenues6,9727,0707,1596,6146,0875,9676,330
Revenue, net6,6146,0875,9676,330
Cost of revenue
(Cost of Goods and Services Sold)
(5,048)(5,166)(5,244)(4,802)(4,387)(4,321)(4,679)
Gross profit:1,9231,9041,9161,8121,7001,6461,651
Operating expenses(1,061)(1,080)(1,128)(1,123)(1,096)(1,106)(1,303)
Operating income:863824788689603539348
Nonoperating expense(2)(445)(105)   (9)
Foreign currency transaction loss, before tax      (9)
Other nonoperating expense(2)(445)(105)    
Interest and debt expense(70)(76)(59)(63)(60)(61)(63)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(54)(53)(70)(37)(66)(70)89
Income from continuing operations before equity method investments, income taxes:737250555590477409364
Loss from equity method investments(4)(3)(2)    
Income from continuing operations before income taxes:734247553590477409364
Income tax expense (benefit)(178)57(85)(308)(156)(135)(113)
Income from continuing operations:556304467282321274251
Loss from discontinued operations     (0)(2)
Net income available to common stockholders, diluted:556304467282321274249

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:556304467282321274249
Other comprehensive income (loss)(31)(14)12252411(113)
Comprehensive income:525290479306345286136
Other undisclosed comprehensive income (loss), net of tax, attributable to parent29348(13)47(93)(149)(153)
Comprehensive income (loss), net of tax, attributable to parent:554638466353252137(17)

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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