CIRCOR International, Inc. (CIR) financial statements (2020 and earlier)
Company profile
| Business Address |
C/O CIRCOR INC BURLINGTON, MA 01803-4238 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 349 - Miscellaneous Fabricated Metal Products (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2019 | 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 | 85 | 69 | 110 | 58 | 55 | 121 | 102 | ||
| Cash and cash equivalents | 85 | 69 | 110 | 58 | 55 | 121 | 102 | ||
| Short-term investments | 0 | 0 | |||||||
| Receivables | 125 | 184 | 224 | 133 | 126 | 157 | 145 | ||
| Inventory, net of allowances, customer advances and progress billings | 137 | 217 | 245 | 150 | 178 | 183 | 199 | ||
| Inventory | 137 | 217 | 245 | 150 | 178 | 183 | 199 | ||
| Deferred costs | 1 | 1 | |||||||
| Disposal group, including discontinued operation | 161 | ||||||||
| Assets held-for-sale, not part of disposal group | 0 | 88 | ✕ | ✕ | |||||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 20 | ||
| Deferred tax assets | ✕ | 23 | 18 | ||||||
| Other undisclosed current assets | 67 | 90 | 59 | 30 | 16 | 22 | |||
| Total current assets: | 575 | 648 | 638 | 370 | 374 | 506 | 484 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 3 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Operating lease, right-of-use asset | 18 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 172 | 202 | 218 | 100 | 87 | 96 | 108 | ||
| Intangible assets, net (including goodwill) | 657 | 901 | 1,019 | 342 | 164 | 99 | 112 | ||
| Goodwill | 272 | 459 | 506 | 207 | 115 | 72 | 76 | ||
| Intangible assets, net (excluding goodwill) | 386 | 441 | 513 | 136 | 49 | 27 | 36 | ||
| Derivative instruments and hedges | 0 | ||||||||
| Regulated entity, other noncurrent assets | 1 | 1 | 1 | 2 | |||||
| Disposal group, including discontinued operation, noncurrent assets | 2 | ✕ | |||||||
| Other noncurrent assets | 35 | 13 | 9 | 3 | 7 | 4 | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 5 | ||
| Defined benefit plan, assets for plan benefits | ✕ | ✕ | 2 | (0) | |||||
| Deferred tax assets, net | ✕ | (9) | 26 | 11 | 9 | ||||
| Other undisclosed noncurrent assets | 8 | 28 | 21 | 13 | 10 | 7 | 8 | ||
| Total noncurrent assets: | 896 | 1,144 | 1,268 | 450 | 295 | 219 | 243 | ||
| TOTAL ASSETS: | 1,471 | 1,792 | 1,907 | 821 | 670 | 725 | 727 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 193 | 265 | 323 | 118 | 142 | 179 | 169 | ||
| Accounts payable | 79 | 124 | 117 | 47 | 64 | 87 | 71 | ||
| Accrued liabilities | 94 | 107 | 170 | 51 | 53 | 64 | 58 | ||
| Employee-related liabilities | 20 | 34 | 35 | 20 | 18 | 25 | 31 | ||
| Taxes payable | 7 | 3 | 9 | ||||||
| Debt | 8 | 8 | 7 | ||||||
| Customer advances and deposits | ✕ | ✕ | 16 | ✕ | |||||
| Other undisclosed current liabilities | 43 | 11 | (18) | (5) | |||||
| Total current liabilities: | 236 | 284 | 323 | 118 | 142 | 185 | 171 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 653 | 778 | 787 | 251 | 91 | 5 | 42 | ||
| Long-term debt, excluding current maturities | 636 | 778 | 787 | 251 | 91 | 5 | 42 | ||
| Finance lease, liability | 3 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Operating lease, liability | 14 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 177 | 200 | 195 | 47 | 36 | 59 | 46 | ||
| Pension and other postretirement defined benefit plans, liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 10 | ||
| Deferred tax liabilities, net | ✕ | 34 | 26 | 14 | 10 | 8 | 10 | ||
| Liability, pension and other postretirement and postemployment benefits | 147 | 151 | 151 | 19 | ✕ | ||||
| Disposal group, including discontinued operation, liabilities | 1 | ||||||||
| Other liabilities | 39 | 16 | 18 | 34 | 26 | 32 | 27 | ||
| Derivative instruments and hedges, liabilities | (9) | ||||||||
| Total noncurrent liabilities: | 830 | 979 | 982 | 299 | 127 | 64 | 89 | ||
| Total liabilities: | 1,067 | 1,263 | 1,305 | 416 | 269 | 250 | 259 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 391 | 529 | 602 | 404 | 401 | 494 | 477 | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Treasury stock, value | (74) | (74) | (74) | (74) | (75) | ||||
| Additional paid in capital | 447 | 441 | 439 | 289 | 284 | 277 | 270 | ||
| Accumulated other comprehensive income (loss) | (80) | (70) | (37) | (76) | (66) | (34) | 4 | ||
| Retained earnings | 99 | 232 | 274 | 266 | 258 | 251 | 203 | ||
| Other undisclosed stockholders' equity attributable to parent | 0 | ||||||||
| Total stockholders' equity: | 391 | 529 | 602 | 404 | 401 | 494 | 477 | ||
| Other undisclosed liabilities and equity | 13 | (19) | (10) | ||||||
| TOTAL LIABILITIES AND EQUITY: | 1,471 | 1,792 | 1,907 | 821 | 670 | 725 | 727 | ||
Income statement (P&L) ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 964 | 1,176 | 662 | 1 | 656 | 841 | 858 | |
| Revenue, net | ✕ | 1,176 | 662 | 590 | 656 | 841 | 858 | |
| Other operating income | 110 | 42 | ||||||
| Cost of revenue (Cost of Goods and Services Sold) | (656) | (834) | (461) | (407) | (457) | (584) | (590) | |
| Other undisclosed gross profit | 589 | |||||||
| Gross profit: | 309 | 342 | 201 | 183 | 199 | 257 | 268 | |
| Operating expenses | (248) | (308) | (166) | (155) | (159) | (198) | (205) | |
| Other operating expense, net (Other Nonrecurring (Income) Expense) | (14) | (13) | (9) | |||||
| Other undisclosed operating income (loss) | (23) | (24) | (14) | (17) | 19 | 15 | ||
| Operating income: | 38 | 9 | 21 | 11 | 26 | 65 | 69 | |
| Nonoperating expense | (48) | (45) | (14) | (1) | (4) | (1) | (5) | |
| Investment income, nonoperating | 0 | 0 | ||||||
| Foreign currency transaction gain (loss), before tax | 1 | (2) | ||||||
| Other nonoperating income (expense) | 1 | 7 | (4) | 2 | (1) | 1 | (2) | |
| Interest and debt expense | (0) | (0) | (2) | (3) | (3) | (3) | (3) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 0 | 0 | 2 | 3 | 3 | 3 | 3 | |
| Income (loss) from continuing operations before income taxes: | (10) | (36) | 6 | 10 | 22 | 63 | 64 | |
| Income tax expense (benefit) | (15) | (3) | 6 | 0 | (13) | (13) | (17) | |
| Income (loss) from continuing operations: | (25) | (39) | 12 | 10 | 10 | 50 | 47 | |
| Loss from discontinued operations | (109) | |||||||
| Net income (loss) available to common stockholders, diluted: | (134) | (39) | 12 | 10 | 10 | 50 | 47 | |
Comprehensive Income ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (134) | (39) | 12 | 10 | 10 | 50 | 47 | |
| Comprehensive income (loss): | (134) | (39) | 12 | 10 | 10 | 50 | 47 | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (11) | (33) | 40 | (10) | (32) | (38) | 7 | |
| Comprehensive income (loss), net of tax, attributable to parent: | (144) | (72) | 51 | (0) | (22) | 13 | 54 | |
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.