AZZ Inc. (AZZ) financial statements (2021 and earlier)

Company profile

Business Address ONE MUSEUM PLACE, SUITE 500
FORT WORTH, TX 76107
State of Incorp. TX
Fiscal Year End February 29
SIC 364 - Electric Lighting And Wiring Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

11/30/2020
TTM
2/29/2020
2/28/2019
2/28/2018
2/28/2017
2/29/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments193724211140
Cash and cash equivalents193724211140
Receivables128139145141138131
Inventory, net of allowances, customer advances and progress billings 10012511194102
Inventory 10012511194102
Disposal group, including discontinued operation3     
Costs in excess of billings525032
Other undisclosed current assets1757985433
Total current assets:325355379329297309
Noncurrent Assets
Operating lease, right-of-use asset38 
Property, plant and equipment201213210217229226
Intangible assets, net (including goodwill)446463454482453448
Goodwill352356324321307293
Intangible assets, net (excluding goodwill)94107130161146155
Regulated entity, other noncurrent assets  0 (1) 
Other undisclosed noncurrent assets 4346 1 
Total noncurrent assets:685719710699681674
TOTAL ASSETS:1,0101,0741,0891,028978983
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities76104102937480
Accounts payable546253545047
Accrued liabilities  1820  
Employee-related liabilities223930192330
Taxes payable 31013
Debt6125 141723
Customer advances and deposits02116
Other liabilities302718202420
Other undisclosed current liabilities1225453219
Total current liabilities:123281165132137148
Noncurrent Liabilities
Long-term debt and lease obligation215116241287255304
Long-term debt, excluding current maturities18278241287255304
Operating lease, liability3338
Liabilities, other than long-term debt47538455450
Deferred tax liabilities, net37335450
Deferred income tax liabilities33 
Other liabilities145212  
Other undisclosed noncurrent liabilities 3841   
Total noncurrent liabilities:262159320331308354
Total liabilities:386439485463445502
Stockholders' equity
Stockholders' equity attributable to parent624634604565533481
Common stock252626262626
Additional paid in capital736746383835
Accumulated other comprehensive loss(27)(31)(29)(25)(29)(31)
Retained earnings552572560526499451
Total stockholders' equity:624634604565533481
TOTAL LIABILITIES AND EQUITY:1,0101,0741,0891,028978983

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

11/30/2020
TTM
2/29/2020
2/28/2019
2/28/2018
2/28/2017
2/29/2016
Revenues9811,062927810864903
Revenue, net927810864903
Cost of revenue(756)(825)(728)(650)(658)(673)
Cost of goods and services sold(255)(825)(728)(650)(658)(673)
Gross profit:225237199160205230
Operating expenses(127)(139)(122)(112)(106)(108)
Other undisclosed operating loss(39)(19)    
Operating income:5979774899122
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(3)(1)1(3)1(3)
Interest and debt expense(9)(13)(15)(14)(15)(15)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   (1)(0)0
Income from continuing operations before income taxes:4765633185104
Income tax expense (benefit)(17)(17)(12)14(24)(28)
Net income available to common stockholders, diluted:294851456177

Comprehensive Income ($ in millions)

11/30/2020
TTM
2/29/2020
2/28/2019
2/28/2018
2/28/2017
2/29/2016
Net income:294851456177
Other comprehensive income (loss)6(2)(4)41(8)
Comprehensive income, net of tax, attributable to parent:354648496369

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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