Avery Dennison Corporation (AVY) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments254232224195159227352
Cash and cash equivalents254232224195159227352
Receivables1,2121,2171,2091,0319659581,017
Inventory, net of allowances, customer advances and progress billings663651610519479492494
Inventory663651610519479492494
Disposal group, including discontinued operation 46731 
Assets held-for-sale1
Other current assets212194188153140136125
Other undisclosed current assets    31108103
Total current assets:2,3412,2982,2381,9051,7751,9212,092
Noncurrent Assets
Property, plant and equipment1,2111,1371,098915848875923
Intangible assets, net (including goodwill)1,0571,0861,151860732789847
Goodwill931942985794686722751
Intangible assets, net (excluding goodwill)12714416667466796
Deferred income tax assets225
Other noncurrent assets655451453403406464486
Deferred tax assets, net205196313372311263
Total noncurrent assets:3,1482,8802,8992,4922,3582,4392,519
TOTAL ASSETS:5,4895,1785,1374,3964,1344,3604,611
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,6811,6701,5941,3301,2331,2381,114
Accounts payable1,0661,0311,007842815798890
Accrued liabilities323363289233224267 
Employee-related liabilities220218249217195174224
Taxes payable71584938   
Debt4401952655799520477
Accrued environmental loss contingencies1055871010
Other undisclosed current liabilities12212510787124145354
Total current liabilities:2,2541,9941,9722,0041,4591,5981,554
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,4991,7721,316713964945951
Finance lease, liability24
Operating lease, liability99
Other undisclosed long-term debt and lease obligation1,3761,7721,316713964945951
Total noncurrent liabilities:1,4991,7721,316713964945951
Total liabilities:3,7533,7663,2882,7182,4232,5432,505
Stockholders' equity
Stockholders' equity attributable to parent1,2049551,0469269661,0671,492
Common stock124124124124124124124
Treasury stock, value(2,425)(2,224)(1,857)(1,772)(1,587)(1,471)(1,172)
Additional paid in capital874872863852834824812
Accumulated other comprehensive loss(348)(682)(681)(752)(683)(547)(281)
Retained earnings2,9792,8652,5972,4732,2782,1372,009
Total stockholders' equity:1,2049551,0469269661,0671,492
Other undisclosed liabilities and equity532457803753745751614
TOTAL LIABILITIES AND EQUITY:5,4895,1785,1374,3964,1344,3604,611

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues7,0707,1596,6146,0875,9676,3306,140
Revenue, net6,6146,0875,9676,3306,140
Cost of revenue
(Cost of Goods and Services Sold)
(5,166)(5,244)(4,802)(4,387)(4,321)(4,679)(4,502)
Gross profit:1,9041,9161,8121,7001,6461,6511,638
Operating expenses(1,080)(1,128)(1,123)(1,096)(1,106)(1,303)(1,276)
Operating income:824788689603539348362
Nonoperating expense(445)(105)   (9) 
Foreign currency transaction loss, before tax     (9) 
Other nonoperating expense(445)(105)     
Interest and debt expense(76)(59)(63)(60)(61)(63)(59)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(53)(70)(37)(66)(70)8960
Income from continuing operations before equity method investments, income taxes:250555590477409364363
Loss from equity method investments(3)(2)     
Income from continuing operations before income taxes:247553590477409364363
Income tax expense (benefit)57(85)(308)(156)(135)(113)(119)
Income from continuing operations:304467282321274251244
Loss from discontinued operations    (0)(2)(29)
Net income available to common stockholders, diluted:304467282321274249216

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:304467282321274249216
Other comprehensive income (loss)(14)12252411(113) 
Comprehensive income:290479306345286136216
Other undisclosed comprehensive income (loss), net of tax, attributable to parent348(13)47(93)(149)(153)(3)
Comprehensive income (loss), net of tax, attributable to parent:638466353252137(17)213

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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