American Axle & Manufacturing Holdings, Inc. (AXL) financial statements (2022 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)

12/31/2021
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 investments530557532476377481283
Cash and cash equivalents530557532476377481283
Receivables7637938159671,036560539
Inventory, net of allowances, customer advances and progress billings410323374460392220231
Inventory410323374460392220231
Other current assets  1371271407672
Other undisclosed current assets153204     
Total current assets:1,8561,8771,8582,0301,9451,3371,124
Noncurrent Assets
Finance lease, right-of-use asset113257
Operating lease, right-of-use asset124117119
Property, plant and equipment1,9962,1642,3582,5142,4031,0941,046
Intangible assets, net (including goodwill)8819661,5642,2532,867159160
Goodwill1841866991,1421,654154154
Intangible assets, net (excluding goodwill)6977818651,1111,21356
Regulated entity, other noncurrent assets42586381931723
Estimated insurance recoveries1154     
Deferred income tax assets121108 
Other noncurrent assets457448577449379271261
Deferred tax assets, net  341367
Other undisclosed noncurrent assets3410098184196229222
Total noncurrent assets:3,7804,0394,7875,4815,9382,1122,079
TOTAL ASSETS:5,6365,9166,6457,5117,8833,4483,203
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8087507781,019999522541
Accounts payable613579624840799382413
Employee-related liabilities195171154179200139128
Deferred revenue282319
Debt191429122633
Deferred revenue and credits342523
Other liabilities160170201172177102132
Other undisclosed current liabilities2523 44   
Total current liabilities:1,0409791,0261,3571,216652699
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,2193,487     
Long-term debt, excluding current maturities3,119      
Operating lease, liability10094 
Other undisclosed long-term debt and lease obligation 3,393     
Liabilities, other than long-term debt1081041,1091,0731,338952899
Deferred revenue and credits797166
Deferred revenue959184
Deferred tax liabilities, net93102157
Deferred income tax liabilities1413 
Other liabilities  1,0269811,157866826
Other undisclosed noncurrent liabilities8119733,5293,5943,7891,3151,303
Total noncurrent liabilities:4,1384,5644,6384,6685,1262,2672,202
Total liabilities:5,1785,5435,6646,0246,3432,9182,901
Stockholders' equity
Stockholders' equity attributable to parent, including:4583719781,4841,536530302
Treasury stock, value(216)(212)(209)(202)(198)(191)(186)
Additional paid in capital1,3521,3331,3141,2931,265660639
Accumulated other comprehensive loss(365)(412)(361)(311)(293)(390)(357)
Retained earnings (accumulated deficit)(314)(320)249704761450204
Other undisclosed stockholders' equity attributable to parent1(19)(15)0111
Stockholders' equity attributable to noncontrolling interest 3324  
Total stockholders' equity:4583739801,4861,540530302
TOTAL LIABILITIES AND EQUITY:5,6365,9166,6457,5117,8833,4483,203

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
Revenues5,1574,7116,5317,2706,2663,9483,903
Revenue, net6,2663,9483,903
Cost of revenue
(Cost of Goods and Services Sold)
(4,434)(4,128)(5,628)(6,130)(5,147)(3,222)(3,268)
Gross profit:7235839031,1401,119726635
Operating expenses(433)(402)(481)(470)(465)(319)(277)
Other undisclosed operating loss(49)(577)(723)(564)(111)(26) 
Operating income (loss):241(396)(302)106543381358
Nonoperating income (expense)86(231)(220)(203)(82)(85)
Investment income, nonoperating1112172333
Other nonoperating income (expense)(3)(5)(13)(2)(7)912
Interest and debt expense(195)(212)(217)(216)(3)(93)(99)
Other undisclosed income from continuing operations before equity method investments, income taxes  21721639399
Income (loss) from continuing operations before equity method investments, income taxes:53(602)(533)(114)340299273
Other undisclosed loss from continuing operations before income taxes(52)(8)     
Income (loss) from continuing operations before income taxes:1(610)(533)(114)340299273
Income tax expense (benefit)5494957(3)(58)(37)
Net income (loss):6(561)(484)(57)338241236
Net loss attributable to noncontrolling interest (0)(0)(1)(0)  
Net income (loss) attributable to parent:6(561)(485)(58)337241236
Undistributed earnings (loss) allocated to participating securities, basic(0)   8
Other undisclosed net loss available to common stockholders, basic    (15)(6)(5)
Net income (loss) available to common stockholders, diluted:6(561)(485)(58)330235230

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 (loss):6(561)(484)(57)338241236
Other comprehensive income (loss)67(56)(38)(19)97(33)(60)
Comprehensive income (loss):73(617)(522)(76)434208176
Comprehensive loss, net of tax, attributable to noncontrolling interest (0)(0)(1)(0)  
Other undisclosed comprehensive income, net of tax, attributable to parent 0     
Comprehensive income (loss), net of tax, attributable to parent:73(617)(522)(76)434208176

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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