American Axle & Manufacturing Holdings, Inc. (AXL) financial statements (2021 and earlier)

Company profile

Business Address ONE DAUCH DRIVE
DETROIT, MI 48211-1198
State of Incorp. DE
Fiscal Year End December 31
SIC 3714 - Motor Vehicle Parts and Accessories (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 investments557532476377481283249
Cash and cash equivalents557532476377481283249
Receivables7938159671,036560539533
Inventory, net of allowances, customer advances and progress billings323374460392220231249
Inventory323374460392220231249
Deferred tax assets    40
Other current assets 1371271407672109
Other undisclosed current assets204     (40)
Total current assets:1,8771,8582,0301,9451,3371,1241,140
Noncurrent Assets
Finance lease, right-of-use asset257
Operating lease, right-of-use asset117119
Property, plant and equipment2,1642,3582,5142,4031,0941,0461,061
Intangible assets, net (including goodwill)9661,5642,2532,867159160161
Goodwill1866991,1421,654154154155
Intangible assets, net (excluding goodwill)7818651,1111,213566
Regulated entity, other noncurrent assets58638193172330
Estimated insurance recoveries54      
Deferred income tax assets108 
Other noncurrent assets448577449379271261260
Deferred tax assets, net  341367360
Other undisclosed noncurrent assets10098184196229222248
Total noncurrent assets:4,0394,7875,4815,9382,1122,0792,120
TOTAL ASSETS:5,9166,6457,5117,8833,4483,2033,259
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7507781,019999522541556
Accounts payable579624840799382413444
Employee-related liabilities171154179200139128109
Taxes payable      3
Deferred revenue2319
Debt142912263313
Deferred revenue and credits34252322
Deferred tax liabilities    0
Other liabilities17020117217710213299
Other undisclosed current liabilities23 44   (3)
Total current liabilities:9791,0261,3571,216652699687
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,487     1,523
Operating lease, liability94 
Other undisclosed long-term debt and lease obligation3,393     1,523
Liabilities, other than long-term debt1041,1091,0731,3389528991,029
Deferred revenue and credits79716694
Deferred revenue9184
Deferred tax liabilities, net93102157 
Deferred income tax liabilities13 
Other liabilities 1,0269811,157866826935
Other undisclosed noncurrent liabilities9733,5293,5943,7891,3151,303(94)
Total noncurrent liabilities:4,5644,6384,6685,1262,2672,2022,459
Total liabilities:5,5435,6646,0246,3432,9182,9013,146
Stockholders' equity
Stockholders' equity attributable to parent, including:3719781,4841,536530302113
Treasury stock, value(212)(209)(202)(198)(191)(186)(183)
Additional paid in capital1,3331,3141,2931,265660639624
Accumulated other comprehensive loss(412)(361)(311)(293)(390)(357)(297)
Retained earnings (accumulated deficit)(320)249704761450204(31)
Other undisclosed stockholders' equity attributable to parent(19)(15)01111
Stockholders' equity attributable to noncontrolling interest3324   
Total stockholders' equity:3739801,4861,540530302113
TOTAL LIABILITIES AND EQUITY:5,9166,6457,5117,8833,4483,2033,259

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
Revenues4,7116,5317,2706,2663,9483,9033,696
Revenue, net6,2663,9483,9033,696
Cost of revenue
(Cost of Goods and Services Sold)
(4,128)(5,628)(6,130)(5,147)(3,222)(3,268)(3,173)
Gross profit:5839031,1401,119726635523
Operating expenses(402)(481)(470)(465)(319)(277)(357)
Other undisclosed operating income (loss)(577)(723)(564)(111)(26) 101
Operating income (loss):(396)(302)106543381358268
Nonoperating income (expense)6(231)(220)(203)(82)(85)(91)
Investment income, nonoperating121723332
Other nonoperating income (expense)(5)(13)(2)(7)9127
Interest and debt expense(212)(217)(216)(3)(93)(99)(100)
Other undisclosed income from continuing operations before equity method investments, income taxes 21721639399100
Income (loss) from continuing operations before equity method investments, income taxes:(602)(533)(114)340299273177
Other undisclosed loss from continuing operations before income taxes(8)      
Income (loss) from continuing operations before income taxes:(610)(533)(114)340299273177
Income tax expense (benefit)494957(3)(58)(37)(34)
Net income (loss):(561)(484)(57)338241236143
Net loss attributable to noncontrolling interest(0)(0)(1)(0)   
Net income (loss) attributable to parent:(561)(485)(58)337241236143
Undistributed earnings (loss) allocated to participating securities, basic   8
Other undisclosed net loss available to common stockholders, basic   (15)(6)(5)(3)
Net income (loss) available to common stockholders, diluted:(561)(485)(58)330235230140

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 (loss):(561)(484)(57)338241236143
Other comprehensive income (loss)(56)(38)(19)97(33)(60)(81)
Comprehensive income (loss):(617)(522)(76)43420817662
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)(0)(1)(0)   
Other undisclosed comprehensive income, net of tax, attributable to parent0      
Comprehensive income (loss), net of tax, attributable to parent:(617)(522)(76)43420817662

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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