Colfax Corporation (CFX) financial statements (2020 and earlier)
Company profile
| Business Address |
420 NATIONAL BUSINESS PARKWAY ANNAPOLIS JUNCTION, MD 20701 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 3561 - Pumps and Pumping Equipment (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 investments | 127 | 245 | 412 | 222 | 197 | 305 | 311 | ||
| Cash and cash equivalents | 127 | 245 | 262 | 222 | 197 | 305 | 311 | ||
| Short-term investments | 150 | ||||||||
| Receivables | 576 | 989 | 970 | 914 | 888 | 1,029 | 1,031 | ||
| Inventory, net of allowances, customer advances and progress billings | 584 | 497 | 430 | 404 | 420 | 443 | 446 | ||
| Inventory | 584 | 497 | 430 | 404 | 420 | 443 | 446 | ||
| Disposal group, including discontinued operation | 2,013 | ||||||||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 350 | ||
| Other current assets | 198 | 227 | 258 | 246 | 254 | 322 | |||
| Total current assets: | 3,499 | 1,958 | 2,070 | 1,786 | 1,760 | 2,099 | 2,138 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 479 | 503 | 553 | 604 | 645 | 730 | 757 | ||
| Long-term investments and receivables | 52 | 51 | |||||||
| Long-term investments | 52 | 51 | |||||||
| Intangible assets, net (including goodwill) | 5,047 | 3,590 | 3,556 | 3,463 | 3,813 | 3,916 | 3,217 | ||
| Goodwill | 2,784 | 2,577 | 2,539 | 2,563 | 2,818 | 2,873 | 2,385 | ||
| Intangible assets, net (excluding goodwill) | 2,262 | 1,013 | 1,017 | 899 | 996 | 1,044 | 833 | ||
| Disposal group, including discontinued operation, noncurrent assets | 111 | ✕ | |||||||
| Deferred costs | 8 | 10 | 14 | ||||||
| Other noncurrent assets | 407 | 553 | 531 | 533 | 515 | 499 | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 470 | ||
| Other undisclosed noncurrent assets | 41 | (62) | (64) | ||||||
| Total noncurrent assets: | 6,092 | 4,645 | 4,640 | 4,600 | 4,973 | 5,146 | 4,445 | ||
| TOTAL ASSETS: | 9,591 | 6,604 | 6,710 | 6,385 | 6,733 | 7,245 | 6,583 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 808 | 1,046 | 946 | 950 | 1,111 | 1,454 | 1,554 | ||
| Accounts payable | 376 | 641 | 587 | 606 | 719 | 780 | 860 | ||
| Accrued liabilities | 431 | 405 | 359 | 344 | 392 | 495 | 485 | ||
| Employee-related liabilities | 120 | 137 | |||||||
| Taxes payable | 58 | 71 | |||||||
| Debt | 30 | 6 | 6 | 5 | 6 | 10 | 29 | ||
| Liability for uncertainty in income taxes | 69 | ||||||||
| Disposal group, including discontinued operation | 652 | ||||||||
| Self insurance reserve | 4 | ||||||||
| Billings in excess of cost | ✕ | ✕ | 151 | ||||||
| Other undisclosed current liabilities | 17 | 147 | 146 | (178) | (281) | ||||
| Total current liabilities: | 1,506 | 1,199 | 1,097 | 1,107 | 1,116 | 1,286 | 1,375 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 4,002 | 1,192 | 1,055 | 1,287 | 1,412 | 1,529 | 1,458 | ||
| Long-term debt, excluding current maturities | 4,002 | 1,192 | 1,055 | 1,287 | 1,412 | 1,529 | 1,458 | ||
| Liabilities, other than long-term debt | 827 | 735 | 830 | 899 | 948 | 1,079 | 1,010 | ||
| Restructuring reserve | 1 | 1 | |||||||
| Other liabilities | 827 | 735 | 830 | 899 | 948 | 1,078 | 1,009 | ||
| Other undisclosed noncurrent liabilities | 123 | (1) | (1) | ||||||
| Total noncurrent liabilities: | 4,953 | 1,928 | 1,885 | 2,185 | 2,360 | 2,607 | 2,467 | ||
| Total liabilities: | 6,458 | 3,127 | 2,982 | 3,292 | 3,476 | 3,893 | 3,842 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 2,982 | 3,270 | 3,500 | 2,897 | 3,070 | 3,147 | 2,514 | ||
| Preferred stock | 0 | ||||||||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Additional paid in capital | 3,435 | 3,058 | 3,228 | 3,200 | 3,199 | 3,201 | 2,541 | ||
| Accumulated other comprehensive loss | (949) | (780) | (574) | (988) | (687) | (444) | (47) | ||
| Retained earnings | 496 | 992 | 846 | 685 | 557 | 390 | 19 | ||
| Stockholders' equity attributable to noncontrolling interest | 151 | 207 | 227 | 196 | 187 | 206 | 227 | ||
| Total stockholders' equity: | 3,133 | 3,477 | 3,727 | 3,093 | 3,257 | 3,352 | 2,741 | ||
| TOTAL LIABILITIES AND EQUITY: | 9,591 | 6,604 | 6,710 | 6,385 | 6,733 | 7,245 | 6,583 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 3,748 | 3,667 | 3,300 | 3,647 | 3,967 | 4,624 | 4,207 | |
| Revenue, net | 985 | 3,667 | 3,300 | 3,647 | 3,967 | 4,624 | 4,207 | |
| Cost of revenue (Cost of Goods and Services Sold) | (2,342) | (2,534) | (2,271) | (2,501) | (2,715) | (3,146) | (2,901) | |
| Gross profit: | 1,406 | 1,133 | 1,029 | 1,146 | 1,252 | 1,479 | 1,306 | |
| Operating expenses | (1,146) | (818) | (732) | (825) | (906) | (1,136) | (896) | |
| Other undisclosed operating income (loss) | (78) | (78) | (268) | (82) | (61) | 67 | (3) | |
| Operating income: | 183 | 237 | 29 | 238 | 285 | 410 | 406 | |
| Nonoperating expense (Investment Income, Nonoperating) | (20) | (10) | ||||||
| Interest and debt expense | (109) | (44) | (41) | (30) | (48) | (81) | (133) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 0 | 0 | 29 | 29 | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 54 | 183 | (12) | 208 | 237 | 358 | 303 | |
| Other undisclosed loss from continuing operations before income taxes | (57) | |||||||
| Income (loss) from continuing operations before income taxes: | (3) | 183 | (12) | 208 | 237 | 358 | 303 | |
| Income tax expense (benefit) | 10 | 0 | (43) | (63) | (50) | 62 | (94) | |
| Income (loss) from continuing operations: | 7 | 183 | (55) | 145 | 187 | 420 | 209 | |
| Income (loss) from discontinued operations | (460) | (28) | 224 | |||||
| Net income (loss): | (453) | 154 | 170 | 145 | 187 | 420 | 209 | |
| Net loss attributable to noncontrolling interest | (12) | (14) | (18) | (17) | (19) | (28) | (31) | |
| Net income (loss) attributable to parent: | (465) | 140 | 151 | 128 | 168 | 392 | 179 | |
| Preferred stock dividends and other adjustments | (2) | (20) | ||||||
| Other undisclosed net income (loss) available to common stockholders, basic | 28 | 28 | (224) | (20) | ||||
| Net income (loss) available to common stockholders, basic: | (437) | 169 | (73) | 128 | 168 | 370 | 158 | |
| Other undisclosed net loss available to common stockholders, diluted | (4) | |||||||
| Net income (loss) available to common stockholders, diluted: | (437) | 169 | (73) | 128 | 168 | 370 | 154 | |
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): | (453) | 154 | 170 | 145 | 187 | 420 | 209 | |
| Other comprehensive income (loss) | (182) | (223) | 430 | (301) | (266) | (409) | 83 | |
| Comprehensive income (loss): | (636) | (69) | 599 | (156) | (79) | 12 | 292 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (6) | 8 | (34) | (18) | 3 | 16 | 13 | |
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (32) | (26) | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (642) | (60) | 565 | (174) | (75) | (4) | 279 | |
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.