Avery Dennison Corporation (AVY) financial statements (2022 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)

12/31/2021
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 investments163252254232224195159
Cash and cash equivalents163252254232224195159
Receivables1,4251,2351,2121,2171,2091,031965
Inventory, net of allowances, customer advances and progress billings907717663651610519479
Inventory907717663651610519479
Disposal group, including discontinued operation   4673
Other current assets240212212194188153140
Other undisclosed current assets      31
Total current assets:2,7352,4162,3412,2982,2381,9051,775
Noncurrent Assets
Property, plant and equipment1,4781,3441,2111,1371,098915848
Intangible assets, net (including goodwill)2,7931,3611,0571,0861,151860732
Goodwill1,8821,136931942985794686
Intangible assets, net (excluding goodwill)9112251271441666746
Deferred income tax assets130198225
Other noncurrent assets836765655451453403406
Deferred tax assets, net205196313372
Total noncurrent assets:5,2373,6683,1482,8802,8992,4922,358
TOTAL ASSETS:7,9726,0845,4895,1785,1374,3964,134
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,0531,7211,6811,6701,5941,3301,233
Accounts payable1,2991,0511,0661,0311,007842815
Accrued liabilities380345323363289233224
Employee-related liabilities299239220218249217195
Taxes payable758671584938 
Debt3196544019526557995
Accrued environmental loss contingencies29105587
Other undisclosed current liabilities17413112212510787124
Total current liabilities:2,5481,9262,2541,9941,9722,0041,459
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,7862,0521,4991,7721,316713964
Finance lease, liability122324
Operating lease, liability13511699
Other undisclosed long-term debt and lease obligation2,6391,9131,3761,7721,316713964
Total noncurrent liabilities:2,9212,1681,4991,7721,316713964
Total liabilities:5,4694,0943,7533,7663,2882,7182,423
Stockholders' equity
Stockholders' equity attributable to parent1,9241,4851,2049551,046926966
Common stock124124124124124124124
Treasury stock, value(2,660)(2,501)(2,425)(2,224)(1,857)(1,772)(1,587)
Additional paid in capital862862874872863852834
Accumulated other comprehensive loss(283)(350)(348)(682)(681)(752)(683)
Retained earnings3,8813,3492,9792,8652,5972,4732,278
Total stockholders' equity:1,9241,4851,2049551,046926966
Other undisclosed liabilities and equity578505532457803753745
TOTAL LIABILITIES AND EQUITY:7,9726,0845,4895,1785,1374,3964,134

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
Revenues8,4086,9727,0707,1596,6146,0875,967
Revenue, net6,6146,0875,967
Cost of revenue
(Cost of Goods and Services Sold)
(6,096)(5,048)(5,166)(5,244)(4,802)(4,387)(4,321)
Gross profit:2,3131,9231,9041,9161,8121,7001,646
Operating expenses(1,249)(1,061)(1,080)(1,128)(1,123)(1,096)(1,106)
Operating income:1,064863824788689603539
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
4(2)(445)(105)   
Interest and debt expense(70)(70)(76)(59)(63)(60)(61)
Other undisclosed loss from continuing operations before equity method investments, income taxes(6)(54)(53)(70)(37)(66)(70)
Income from continuing operations before equity method investments, income taxes:993737250555590477409
Loss from equity method investments(4)(4)(3)(2)   
Income from continuing operations before income taxes:989734247553590477409
Income tax expense (benefit)(249)(178)57(85)(308)(156)(135)
Income from continuing operations:740556304467282321274
Loss from discontinued operations      (0)
Net income available to common stockholders, diluted:740556304467282321274

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:740556304467282321274
Other comprehensive income (loss)13(31)(14)12252411
Comprehensive income:753525290479306345286
Other undisclosed comprehensive income (loss), net of tax, attributable to parent5429348(13)47(93)(149)
Comprehensive income, net of tax, attributable to parent:807554638466353252137

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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