General Cable Corp (BGC) Financial Statements (2024 and earlier)
Company Profile
Business Address |
4 TESSENEER DRIVE HIGHLAND HEIGHTS, KY 41076 |
State of Incorp. | DE |
Fiscal Year End | December 31 |
Industry (SIC) | 3357 - Drawing and Insulating of Nonferrous Wire (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
3/31/2018 MRQ | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 85 | 101 | 80 | 206 | 419 | 622 | |||
Cash and cash equivalents | 85 | 101 | 80 | 206 | 419 | 622 | |||
Receivables | 714 | 665 | 687 | 1,007 | 1,172 | 1,182 | |||
Inventory, net of allowances, customer advances and progress billings | 736 | 768 | 808 | 1,019 | 1,240 | 1,274 | |||
Inventory | 736 | 768 | 808 | 1,019 | 1,240 | 1,274 | |||
Prepaid expense | 60 | 65 | 64 | 106 | ✕ | ||||
Disposal group, including discontinued operation | 104 | 26 | |||||||
Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | 126 | 133 | ||
Deferred tax assets | 24 | 49 | 39 | ||||||
Other undisclosed current assets | 8 | 1 | 1 | ||||||
Total current assets: | 1,595 | 1,599 | 1,742 | 2,396 | 3,007 | 3,251 | |||
Noncurrent Assets | |||||||||
Nontrade receivables | 10 | ✕ | ✕ | ||||||
Property, plant and equipment | 530 | 529 | 524 | 758 | 1,092 | 1,194 | |||
Long-term investments and receivables | 0 | 9 | 8 | 18 | 19 | 19 | |||
Long-term investments | 0 | 9 | 8 | 18 | 19 | 19 | |||
Intangible assets, net (including goodwill) | 34 | 40 | 59 | 91 | 368 | 391 | |||
Goodwill | 11 | 12 | 22 | 26 | 185 | 188 | |||
Intangible assets, net (excluding goodwill) | 23 | 28 | 37 | 65 | 183 | 203 | |||
Disposal group, including discontinued operation, noncurrent assets | 57 | ✕ | ✕ | ||||||
Other noncurrent assets | 68 | 43 | 57 | 79 | ✕ | ||||
Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | ✕ | ✕ | 78 | 66 | ||
Deferred tax assets, net | (159) | 218 | 211 | ||||||
Other undisclosed noncurrent assets | 8 | 20 | 21 | 173 | (202) | (198) | |||
Total noncurrent assets: | 640 | 642 | 725 | 971 | 1,572 | 1,682 | |||
TOTAL ASSETS: | 2,235 | 2,242 | 2,467 | 3,367 | 4,579 | 4,933 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 746 | 834 | 743 | 1,177 | 1,327 | 1,521 | |||
Taxes payable | 23 | 22 | 22 | ||||||
Employee-related liabilities | 75 | ||||||||
Accounts payable | 438 | 414 | 411 | 672 | 871 | 1,003 | |||
Accrued liabilities | 309 | 420 | 331 | 407 | 435 | 496 | |||
Debt | 47 | 68 | 155 | 404 | 250 | 511 | |||
Derivative instruments and hedges, liabilities | 7 | 7 | 9 | ||||||
Disposal group, including discontinued operation | 52 | ||||||||
Customer advances and deposits | 64 | ✕ | ✕ | ||||||
Other undisclosed current liabilities | (169) | (29) | (30) | ||||||
Total current liabilities: | 793 | 901 | 949 | 1,483 | 1,556 | 2,010 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 1,039 | 871 | 924 | 934 | 1,137 | 939 | |||
Long-term debt, excluding current maturities | 1,039 | 871 | 924 | 934 | 1,137 | 939 | |||
Liabilities, other than long-term debt | 163 | 301 | 333 | 423 | 490 | 517 | |||
Deferred tax liabilities, net | 127 | 145 | 183 | 234 | 224 | ||||
Disposal group, including discontinued operation, liabilities | 2 | ||||||||
Other liabilities | 163 | 174 | 186 | 240 | 256 | 293 | |||
Other undisclosed noncurrent liabilities | 109 | ||||||||
Total noncurrent liabilities: | 1,310 | 1,172 | 1,256 | 1,357 | 1,626 | 1,456 | |||
Total liabilities: | 2,104 | 2,073 | 2,206 | 2,840 | 3,182 | 3,466 | |||
Temporary equity, carrying amount | 18 | 14 | 17 | 19 | |||||
Equity | |||||||||
Equity, attributable to parent | 129 | 153 | 228 | 452 | 1,280 | 1,332 | |||
Preferred stock | 4 | ||||||||
Common stock | 1 | 1 | 1 | 1 | 1 | 1 | |||
Treasury stock, value | (152) | (170) | (180) | (184) | (155) | (137) | |||
Additional paid in capital | 707 | 711 | 721 | 715 | 700 | 677 | |||
Accumulated other comprehensive loss | (231) | (286) | (340) | (263) | (112) | (105) | |||
Retained earnings (accumulated deficit) | (195) | (102) | 27 | 184 | 847 | 892 | |||
Equity, attributable to noncontrolling interest | 3 | 16 | 15 | 61 | 100 | 117 | |||
Total equity: | 132 | 169 | 243 | 513 | 1,380 | 1,448 | |||
TOTAL LIABILITIES AND EQUITY: | 2,235 | 2,242 | 2,467 | 3,367 | 4,579 | 4,933 |
Income Statement (P&L) ($ in millions)
3/31/2018 TTM | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
---|---|---|---|---|---|---|---|---|
Revenues (Revenue, Net) | 3,837 | 3,858 | 4,225 | 5,980 | 6,421 | 6,060 | ||
Cost of revenue (Cost of Goods and Services Sold) | (3,411) | (3,451) | (3,811) | (5,587) | (5,718) | (5,435) | ||
Gross profit: | 426 | 407 | 414 | 393 | 704 | 625 | ||
Operating expenses | (417) | (409) | (391) | (744) | (649) | (550) | ||
Other undisclosed operating income (loss) | (17) | (2) | 39 | 157 | 124 | |||
Operating income (loss): | 9 | (18) | 21 | (311) | 212 | 199 | ||
Nonoperating income (expense) | 31 | 10 | (65) | (424) | (60) | 4 | ||
Investment income, nonoperating | 2 | 3 | 2 | 22 | 7 | 7 | ||
Loss, foreign currency transaction, before tax | (233) | |||||||
Other nonoperating income (expense) | 29 | 7 | (67) | (213) | (67) | (3) | ||
Interest and debt expense | (79) | (90) | (95) | (116) | (125) | (116) | ||
Other undisclosed income from continuing operations before equity method investments, income taxes | 215 | |||||||
Income (loss) from continuing operations before equity method investments, income taxes: | (39) | (98) | (139) | (636) | 27 | 87 | ||
Income from equity method investments | 1 | 0 | 1 | 2 | 2 | |||
Income (loss) from continuing operations before income taxes: | (39) | (97) | (139) | (635) | 29 | 89 | ||
Income tax expense (benefit) | (16) | 4 | 15 | (8) | (39) | (79) | ||
Income (loss) from continuing operations: | (55) | (94) | (124) | (643) | (10) | 10 | ||
Income (loss) before gain (loss) on sale of properties: | (55) | (94) | (136) | (637) | (10) | 10 | ||
Income (loss) from discontinued operations | (12) | 6 | ||||||
Other undisclosed net loss | (6) | |||||||
Net income (loss): | (55) | (94) | (136) | (643) | (10) | 10 | ||
Net income (loss) attributable to noncontrolling interest | (2) | (0) | 14 | 15 | (8) | (6) | ||
Net income (loss) attributable to parent: | (57) | (94) | (122) | (628) | (18) | 4 | ||
Other undisclosed net loss available to common stockholders, basic | (0) | (0) | ||||||
Net income (loss) available to common stockholders, basic: | (57) | (94) | (122) | (628) | (18) | 4 | ||
Other undisclosed net income available to common stockholders, diluted | 0 | |||||||
Net income (loss) available to common stockholders, diluted: | (57) | (94) | (122) | (628) | (18) | 4 |
Comprehensive Income ($ in millions)
3/31/2018 TTM | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
---|---|---|---|---|---|---|---|---|
Net income (loss): | (55) | (94) | (136) | (643) | (10) | 10 | ||
Other comprehensive income (loss) | (8) | 54 | (77) | (151) | (8) | |||
Other undisclosed comprehensive income (loss) | 75 | 1 | (8) | 21 | (7) | (5) | ||
Comprehensive income (loss): | 12 | (39) | (221) | (774) | (25) | 5 | ||
Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (13) | (1) | 22 | (5) | 1 | 8 | ||
Other undisclosed comprehensive loss, net of tax, attributable to parent | (1) | (15) | ||||||
Comprehensive loss, net of tax, attributable to parent: | (1) | (40) | (199) | (779) | (25) | (3) |
Statements Sources
The financial statements are based on the Company's filings with 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.