CommScope Holding Company, Inc. (COMM) financial statements (2021 and earlier)

Company profile

Business Address 1100 COMMSCOPE PLACE, SE
HICKORY, NC 28602
State of Incorp. DE
Fiscal Year End December 31
SIC 3663 - Radio and Television Broadcasting and Communications Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments522598458454428563729
Cash and cash equivalents522598458454428563729
Receivables1,4871,699810899952833612
Inventory, net of allowances, customer advances and progress billings1,089976473445473442367
Inventory1,089976473445473442367
Deferred tax assets    51
Other undisclosed current assets25623913614614016768
Total current assets:3,3553,5121,8781,9441,9942,0051,828
Noncurrent Assets
Property, plant and equipment685724451467475529289
Intangible assets, net (including goodwill)8,9379,7354,2044,5234,5674,8382,713
Goodwill5,2875,4722,8522,8872,7682,6911,452
Intangible assets, net (excluding goodwill)3,6504,2641,3521,6361,7992,1471,261
Other noncurrent assets60146198108106131126
Defined benefit plan, assets for plan benefits  1
Other undisclosed noncurrent assets      (1)
Total noncurrent assets:10,22210,9204,7535,0985,1485,4983,128
TOTAL ASSETS:13,57714,4326,6317,0427,1427,5034,956
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,4901,606691724845673633
Accounts payable1,0111,148399437416301178
Accrued liabilities68157291287429372289
Employee-related liabilities278187    122
Taxes payable1316    35
Interest and dividends payable12098    9
Deferred revenue9083
Debt3294  13139
Restructuring reserve2224    6
Deferred revenue and credits   26
Other undisclosed current liabilities320236    (198)
Total current liabilities:1,9532,042691724858685476
Noncurrent Liabilities
Long-term debt and lease obligation9,4899,9613,9864,3694,5505,2312,699
Long-term debt, excluding current maturities9,4899,8003,9864,3694,5505,2312,699
Operating lease, liability 160
Liabilities, other than long-term debt738538197301341364474
Deferred tax liabilities, net83134199202340
Deferred income tax liabilities206 
Liability, pension and other postretirement and postemployment benefits  1725323729
Other liabilities53253897141110124104
Other undisclosed noncurrent liabilities 55     
Total noncurrent liabilities:10,22710,5534,1834,6704,8905,5953,172
Total liabilities:12,18012,5954,8745,3945,7486,2803,648
Temporary equity, carrying amount1,0421,000     
Stockholders' equity
Stockholders' equity attributable to parent3558361,7571,6481,3941,2231,308
Common stock2222222
Treasury stock, value(251)(235)(221)(206)(15)(11)(11)
Additional paid in capital2,5132,4452,3852,3342,2822,2162,141
Accumulated other comprehensive loss(156)(197)(159)(87)(285)(172)(84)
Accumulated deficit(1,753)(1,179)(250)(396)(590)(812)(742)
Total stockholders' equity:3558361,7571,6481,3941,2231,308
TOTAL LIABILITIES AND EQUITY:13,57714,4326,6317,0427,1427,5034,956

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues8,4368,3454,5694,5614,9243,8083,830
Revenue, net4,5614,9243,8083,830
Cost of revenue(5,688)(5,941)(2,880)(2,789)(2,890)(2,462)(2,432)
Gross profit:2,7482,4041,6881,7722,0341,3461,397
Operating expenses(2,800)(2,913)(1,238)(1,294)(1,416)(1,135)(801)
Other undisclosed operating loss    (43)(29)(18)
Operating income (loss):(52)(509)450478575182577
Nonoperating income (expense)(25)12(37)(11)(25)(9)(79)
Investment income, nonoperating41874645
Other nonoperating expense(29)(6)(44)(15)(30)(13)(86)
Interest and debt expense(578)(577)(242)(257)(278)(235)(179)
Income (loss) from continuing operations before equity method investments, income taxes:(655)(1,074)171210273(62)320
Other undisclosed loss from continuing operations before income taxes      (3)
Income (loss) from continuing operations before income taxes:(655)(1,074)171210273(62)317
Income tax expense (benefit)81145(30)(16)(50)(9)(80)
Net income (loss) attributable to parent:(573)(930)140194223(71)237
Preferred stock dividends and other adjustments(56)(41)     
Other undisclosed net loss available to common stockholders, basic (3)     
Net income (loss) available to common stockholders, diluted:(630)(973)140194223(71)237

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(573)(930)140194223(71)237
Other comprehensive income (loss)41(38)(73)199(113)(88)(57)
Comprehensive income (loss), net of tax, attributable to parent:(532)(967)68392109(159)180

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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