AZZ Inc. (AZZ) financial statements (2022 and earlier)

Company profile

Business Address ONE MUSEUM PLACE, SUITE 500
FORT WORTH, TX 76107
State of Incorp. TX
Fiscal Year End February 28
SIC 364 - Electric Lighting And Wiring Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

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

11/30/2021
TTM
2/28/2021
2/29/2020
2/28/2019
2/28/2018
2/28/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments201537242111
Cash and cash equivalents201537242111
Receivables145128139145141138
Inventory, net of allowances, customer advances and progress billings  10012511194
Inventory  10012511194
Disposal group, including discontinued operation44    
Costs in excess of billings5250
Other undisclosed current assets180157798543
Total current assets:350303355379329297
Noncurrent Assets
Operating lease, right-of-use asset4538 
Property, plant and equipment200206213210217229
Intangible assets, net (including goodwill)437449463454482453
Goodwill353354356324321307
Intangible assets, net (excluding goodwill)8495107130161146
Regulated entity, other noncurrent assets   0 (1)
Deferred income tax assets6  
Other undisclosed noncurrent assets  4346 1
Total noncurrent assets:688693719710699681
TOTAL ASSETS:1,0389961,0741,0891,028978
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities69641041029374
Accounts payable424162535450
Accrued liabilities   1820 
Employee-related liabilities242339301923
Taxes payable3 3101
Debt 7125 1417
Customer advances and deposits021
Other liabilities262727182024
Other undisclosed current liabilities23162545321
Total current liabilities:119114281165132137
Noncurrent Liabilities
Long-term debt and lease obligation229211116241287255
Long-term debt, excluding current maturities19117878241287255
Operating lease, liability373338
Liabilities, other than long-term debt42485384554
Deferred tax liabilities, net373354
Deferred income tax liabilities3639 
Other liabilities695212 
Other undisclosed noncurrent liabilities  3841  
Total noncurrent liabilities:271259159320331308
Total liabilities:390373439485463445
Stockholders' equity
Stockholders' equity attributable to parent648623634604565533
Common stock252526262626
Additional paid in capital827667463838
Accumulated other comprehensive loss(27)(25)(31)(29)(25)(29)
Retained earnings569547572560526499
Total stockholders' equity:648623634604565533
TOTAL LIABILITIES AND EQUITY:1,0389961,0741,0891,028978

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

11/30/2021
TTM
2/28/2021
2/29/2020
2/28/2019
2/28/2018
2/28/2017
Revenues7008391,062927810864
Revenue, net927810864
Cost of revenue(528)(650)(825)(728)(650)(658)
Cost of goods and services sold (3)(825)(728)(650)(658)
Gross profit:173189237199160205
Operating expenses(93)(110)(139)(122)(112)(106)
Other undisclosed operating loss(17)(17)(19)   
Operating income:626279774899
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(2)(1)(1)1(3)1
Interest and debt expense(4)(10)(13)(15)(14)(15)
Other undisclosed loss from continuing operations before equity method investments, income taxes    (1)(0)
Income from continuing operations before income taxes:565165633185
Income tax expense (benefit)(13)(11)(17)(12)14(24)
Net income available to common stockholders, diluted:434048514561

Comprehensive Income ($ in millions)

11/30/2021
TTM
2/28/2021
2/29/2020
2/28/2019
2/28/2018
2/28/2017
Net income:434048514561
Other comprehensive income (loss)56(2)(4)41
Comprehensive income, net of tax, attributable to parent:484546484963

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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