Clarcor Inc (CLC) financial statements (2020 and earlier)

Company profile

Business Address 840 CRESCENT CENTRE DRIVE
FRANKLIN, TN 37067
State of Incorp. DE
Fiscal Year End November 30
SIC 3714 - Motor Vehicle Parts and Accessories (benchmarking)
More info Complete financial analysis Financial benchmarking

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

11/30/2016
11/30/2015
11/30/2014
11/30/2013
11/30/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments13510295412185
Cash and cash equivalents13510294412185
Short-term investments  1  
Restricted cash and investments0    
Receivables231262306225214
Inventory, net of allowances, customer advances and progress billings235275275219211
Inventory238275275219211
Progress payments netted against inventory for long-term contracts or programs(2)  
Prepaid expense and other current assets8
Income taxes receivable1 
Other undisclosed current assets2426543635
Total current assets:625665729892655
Noncurrent Assets
Property, plant and equipment295301288209195
Intangible assets, net (including goodwill)806835855331338
Goodwill503506507241242
Intangible assets, net (excluding goodwill)3033293489096
Restricted cash and investments  122
Disposal group, including discontinued operation, noncurrent assets11 
Other noncurrent assets10131717
Prepaid expense and other noncurrent assets16
Assets held-for-sale, long lived 2
Other undisclosed noncurrent assets34(1)(2)(2)
Total noncurrent assets:1,1141,1541,160557551
TOTAL ASSETS:1,7391,8181,8891,4491,206
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:898898158172
Accounts payable   7969
Accrued liabilities95106120  
Employee-related liabilities  301517
Taxes payable226 2
Other undisclosed accounts payable and accrued liabilities(8)(21)(58)6384
Debt1880500
Customer advances and deposits162523
Other undisclosed current liabilities8183103 2
Total current liabilities:204204224208175
Noncurrent Liabilities
Long-term debt and lease obligation26839741111616
Long-term debt, excluding current maturities26839741111616
Liabilities, other than long-term debt12610714690111
Pension and other postretirement defined benefit plans, liabilities2051
Deferred tax liabilities, net75651046451
Liability, pension and other postretirement and postemployment benefits373233
Other liabilities1410969
Total noncurrent liabilities:394504558206127
Total liabilities:598708782414302
Temporary equity, carrying amount  222
Stockholders' equity
Stockholders' equity attributable to parent1,1411,1101,1041,032901
Common stock4949505050
Additional paid in capital  1122 
Accumulated other comprehensive loss(123)(88)(54)(30)(52)
Retained earnings1,2151,1491,097989903
Stockholders' equity attributable to noncontrolling interest11111
Total stockholders' equity:1,1421,1101,1051,033902
TOTAL LIABILITIES AND EQUITY:1,7391,8181,8891,4491,206

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

11/30/2016
11/30/2015
11/30/2014
11/30/2013
11/30/2012
Revenues
(Revenue, Net)
1,3901,4811,5131,1311,122
Cost of revenue
(Cost of Goods and Services Sold)
(928)(992)(1,016)(761)(741)
Gross profit:462489497370380
Operating expenses(281)(291)(305)(211)(209)
Other undisclosed operating income  181511
Operating income:181198210175183
Nonoperating income (expense)2101(0)0
Investment income, nonoperating10011
Foreign currency transaction gain (loss), before tax  1(1)(1)
Other nonoperating income (expense)2854(0)0
Interest and debt expense(8)(6)(4)(1)(1)
Income from continuing operations before equity method investments, income taxes:194192208174182
Other undisclosed income from continuing operations before income taxes86411
Income from continuing operations before income taxes:202198212174183
Income tax expense(62)(63)(67)(56)(60)
Net income:139135144118123
Net loss attributable to noncontrolling interest(0)(0)(0)(0)(0)
Net income available to common stockholders, diluted:139135144118123

Comprehensive Income ($ in millions)

11/30/2016
11/30/2015
11/30/2014
11/30/2013
11/30/2012
Net income:139135144118123
Other comprehensive income (loss)2(34)(24)  
Other undisclosed comprehensive income (loss)(36)  22 
Comprehensive income:105101120140123
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(0)(0)00
Other undisclosed comprehensive income (loss), net of tax, attributable to parent000(1) 
Comprehensive income, net of tax, attributable to parent:105101120140124

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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