American Axle & Manufacturing Holdings, Inc. (AXL) financial statements (2020 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)

9/30/2019
TTM
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 investments375476377481283249154
Cash and cash equivalents375476377481283249154
Receivables9779671,036560539533459
Inventory, net of allowances, customer advances and progress billings403460392220231249262
Inventory403460392220231249262
Disposal group, including discontinued operation312      
Income taxes receivable5
Deferred tax assets    4036
Other current assets1311271407672109124
Other undisclosed current assets     (40)(41)
Total current assets:2,1982,0301,9451,3371,1241,140998
Noncurrent Assets
Finance lease, right-of-use asset3
Operating lease, right-of-use asset94
Property, plant and equipment2,3262,5142,4031,0941,0461,0611,059
Intangible assets, net (including goodwill)2,0092,2532,867159160161156
Goodwill1,1281,1421,654154154155156
Intangible assets, net (excluding goodwill)8821,1111,213566 
Regulated entity, other noncurrent assets 819317233036
Other noncurrent assets498449379271261260233
Deferred tax assets, net  341367360332
Other undisclosed noncurrent assets189184196229222248216
Total noncurrent assets:5,1185,4815,9382,1122,0792,1202,031
TOTAL ASSETS:7,3167,5117,8833,4483,2033,2593,029
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8691,019999522541556597
Accounts payable704840799382413444446
Employee-related liabilities165179200139128109110
Taxes payable     341
Deferred revenue23
Debt2412263313 
Disposal group, including discontinued operation102      
Deferred revenue and credits3425232217
Deferred tax liabilities    00
Other liabilities2201721771021329994
Other undisclosed current liabilities 44   (3)(41)
Total current liabilities:1,2371,3571,216652699687667
Noncurrent Liabilities
Long-term debt and lease obligation, including:     1,5231,559
Other undisclosed long-term debt and lease obligation     1,5231,559
Liabilities, other than long-term debt1,0791,0731,3389528991,029846
Deferred revenue and credits7971669476
Deferred revenue83
Deferred tax liabilities, net93102157  
Other liabilities9969811,157866826935769
Other undisclosed noncurrent liabilities3,5903,5943,7891,3151,303(94)(76)
Total noncurrent liabilities:4,6704,6685,1262,2672,2022,4592,328
Total liabilities:5,9076,0246,3432,9182,9013,1462,995
Stockholders' equity
Stockholders' equity attributable to parent, including:1,4071,4841,53653030211334
Treasury stock, value(209)(202)(198)(191)(186)(183)(183)
Additional paid in capital1,3101,2931,265660639624613
Accumulated other comprehensive loss(372)(311)(293)(390)(357)(297)(216)
Retained earnings (accumulated deficit)703704761450204(31)(181)
Other undisclosed stockholders' equity attributable to parent(25)011111
Stockholders' equity attributable to noncontrolling interest324    
Total stockholders' equity:1,4101,4861,54053030211334
TOTAL LIABILITIES AND EQUITY:7,3167,5117,8833,4483,2033,2593,029

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues6,7957,2706,2663,9483,9033,6963,207
Revenue, net6,2663,9483,9033,6963,207
Cost of revenue
(Cost of Goods and Services Sold)
(5,851)(6,130)(5,147)(3,222)(3,268)(3,173)(2,729)
Gross profit:9451,1401,119726635523479
Operating expenses(695)(470)(465)(319)(277)(357)(340)
Other undisclosed operating income (loss)(534)(564)(111)(26) 101102
Operating income (loss):(284)106543381358268240
Nonoperating expense(233)(220)(203)(82)(85)(91)(154)
Interest and debt expense(263)(216)(3)(93)(99)(100)(116)
Other undisclosed income from continuing operations before equity method investments, income taxes26321639399100116
Income (loss) from continuing operations before income taxes:(517)(114)34029927317786
Income tax expense (benefit)12657(3)(58)(37)(34)8
Net income (loss):(391)(57)33824123614395
Net loss attributable to noncontrolling interest(1)(1)(0)    
Net income (loss) attributable to parent:(392)(58)33724123614395
Undistributed earnings (loss) allocated to participating securities, basic(3) 8
Other undisclosed net income (loss) available to common stockholders, basic9 (15)(6)(5)(3) 
Net income (loss) available to common stockholders, diluted:(386)(58)33023523014095

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(391)(57)33824123614395
Other comprehensive income (loss)(57)(19)97(33)(60)(81)48
Comprehensive income (loss):(448)(76)43420817662143
Comprehensive loss, net of tax, attributable to noncontrolling interest(1)(1)(0)    
Comprehensive income (loss), net of tax, attributable to parent:(449)(76)43420817662143

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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