Colfax Corporation (CFX) financial statements (2022 and earlier)

Company profile

Business Address 2711 CENTERVILLE ROAD
WILMINGTON, DE 19808
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)

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 investments71997110245412222197
Cash and cash equivalents71997110245262222197
Short-term investments    150  
Receivables639517562989970914888
Inventory, net of allowances, customer advances and progress billings776565572497430404420
Inventory776565572497430404420
Prepaid expense7870     
Other current assets91113161227258246254
Total current assets:2,3031,3621,4041,9582,0701,7861,760
Noncurrent Assets
Operating lease, right-of-use asset184174 
Property, plant and equipment521487491503553604645
Long-term investments and receivables  31    
Long-term investments  31    
Intangible assets, net (including goodwill)5,1434,9784,9223,5903,5563,4633,813
Goodwill3,4673,3153,2032,5772,5392,5632,818
Intangible assets, net (excluding goodwill)1,6751,6631,7191,0131,017899996
Deferred costs  9    
Other noncurrent assets363351396553531533515
Other undisclosed noncurrent assets  133    
Total noncurrent assets:6,2125,9905,9834,6454,6404,6004,973
TOTAL ASSETS:8,5157,3527,3876,6046,7106,3856,733
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,0157858301,0469469501,111
Accounts payable504330360641587606719
Accrued liabilities511454470405359344392
Debt827286656
Billings in excess of cost 151 
Other undisclosed current liabilities   147146  
Total current liabilities:1,0248128571,1991,0971,1071,116
Noncurrent Liabilities
Long-term debt and lease obligation2,0792,2042,2841,1921,0551,2871,412
Long-term debt, excluding current maturities2,0792,2042,2841,1921,0551,2871,412
Liabilities, other than long-term debt606609619735830899948
Other liabilities606609619735830899948
Other undisclosed noncurrent liabilities145139136    
Total noncurrent liabilities:2,8302,9523,0401,9281,8852,1852,360
Total liabilities:3,8543,7643,8973,1272,9823,2923,476
Stockholders' equity
Stockholders' equity attributable to parent4,6173,5433,4413,2703,5002,8973,070
Common stock0000000
Additional paid in capital4,5443,4783,4463,0583,2283,2003,199
Accumulated other comprehensive loss(516)(452)(484)(780)(574)(988)(687)
Retained earnings589517480992846685557
Stockholders' equity attributable to noncontrolling interest444448207227196187
Total stockholders' equity:4,6613,5883,4903,4773,7273,0933,257
TOTAL LIABILITIES AND EQUITY:8,5157,3527,3876,6046,7106,3856,733

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
Revenues3,8543,0713,3273,6673,3003,6473,967
Revenue, net3,6673,3003,6473,967
Cost of revenue
(Cost of Goods and Services Sold)
(2,241)(1,783)(1,926)(2,534)(2,271)(2,501)(2,715)
Gross profit:1,6141,2881,4011,1331,0291,1461,252
Operating expenses(1,329)(1,087)(1,132)(818)(732)(825)(906)
Other undisclosed operating loss(28)(38)(65)(78)(268)(82)(61)
Operating income:25716220423729238285
Nonoperating expense
(Investment Income, Nonoperating)
   (10)   
Interest and debt expense(102)(104)(120)(44)(41)(30)(48)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  (34)0   
Income (loss) from continuing operations before equity method investments, income taxes:1545850183(12)208237
Other undisclosed income from continuing operations before income taxes11      
Income (loss) from continuing operations before income taxes:1655850183(12)208237
Income tax expense (benefit)(67)6(32)0(43)(63)(50)
Income (loss) from continuing operations:996419183(55)145187
Income (loss) from discontinued operations(22)(18)(536)(28)224  
Net income (loss):7646(517)154170145187
Net loss attributable to noncontrolling interest(5)(3)(11)(14)(18)(17)(19)
Net income (loss) attributable to parent:7243(528)140151128168
Other undisclosed net income (loss) available to common stockholders, basic   28(224)  
Net income (loss) available to common stockholders, diluted:7243(528)169(73)128168

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):7646(517)154170145187
Other comprehensive income (loss)(65)29224(223)430(301)(266)
Comprehensive income (loss):1175(293)(69)599(156)(79)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(3)(1)978(34)(18)3
Comprehensive income (loss), net of tax, attributable to parent:874(196)(60)565(174)(75)

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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