CommScope Holding Company, Inc. (COMM) financial statements (2022 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)

12/31/2021
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 investments360522598458454428563
Cash and cash equivalents360522598458454428563
Receivables1,5331,4871,699810899952833
Inventory, net of allowances, customer advances and progress billings1,4361,089976473445473442
Inventory1,4361,089976473445473442
Other undisclosed current assets251256239136146140167
Total current assets:3,5803,3553,5121,8781,9441,9942,005
Noncurrent Assets
Property, plant and equipment656685724451467475529
Intangible assets, net (including goodwill)8,2598,9379,7354,2044,5234,5674,838
Goodwill5,2325,2875,4722,8522,8872,7682,691
Intangible assets, net (excluding goodwill)3,0273,6504,2641,3521,6361,7992,147
Other noncurrent assets76560146198108106131
Total noncurrent assets:9,68010,22210,9204,7535,0985,1485,498
TOTAL ASSETS:13,26013,57714,4326,6317,0427,1427,503
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,6381,4901,606691724845673
Accounts payable1,1611,0111,148399437416301
Accrued liabilities5468157291287429372
Employee-related liabilities305278187    
Taxes payable 1316    
Interest and dividends payable11812098    
Deferred revenue959083
Debt323294  1313
Restructuring reserve412224    
Other undisclosed current liabilities377320236    
Total current liabilities:2,1831,9532,042691724858685
Noncurrent Liabilities
Long-term debt and lease obligation9,4799,4899,9613,9864,3694,5505,231
Long-term debt, excluding current maturities9,4799,4899,8003,9864,3694,5505,231
Operating lease, liability  160
Liabilities, other than long-term debt699738538197301341364
Deferred tax liabilities, net83134199202
Deferred income tax liabilities208206 
Liability, pension and other postretirement and postemployment benefits   17253237
Other liabilities49153253897141110124
Other undisclosed noncurrent liabilities  55    
Total noncurrent liabilities:10,17810,22710,5534,1834,6704,8905,595
Total liabilities:12,36012,18012,5954,8745,3945,7486,280
Temporary equity, carrying amount1,0561,0421,000    
Stockholders' equity
Stockholders' equity attributable to parent(157)3558361,7571,6481,3941,223
Common stock2222222
Treasury stock, value(278)(251)(235)(221)(206)(15)(11)
Additional paid in capital2,5412,5132,4452,3852,3342,2822,216
Accumulated other comprehensive loss(206)(156)(197)(159)(87)(285)(172)
Accumulated deficit(2,215)(1,753)(1,179)(250)(396)(590)(812)
Total stockholders' equity:(157)3558361,7571,6481,3941,223
TOTAL LIABILITIES AND EQUITY:13,26013,57714,4326,6317,0427,1427,503

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
Revenues8,5878,4368,3454,5694,5614,9243,808
Revenue, net4,5614,9243,808
Cost of revenue(5,902)(5,688)(5,941)(2,880)(2,789)(2,890)(2,462)
Gross profit:2,6842,7482,4041,6881,7722,0341,346
Operating expenses(2,636)(2,800)(2,913)(1,238)(1,294)(1,416)(1,135)
Other undisclosed operating loss     (43)(29)
Operating income (loss):49(52)(509)450478575182
Nonoperating income (expense)(22)(25)12(37)(11)(25)(9)
Investment income, nonoperating24187464
Other nonoperating expense(24)(29)(6)(44)(15)(30)(13)
Interest and debt expense(561)(578)(577)(242)(257)(278)(235)
Income (loss) from continuing operations before income taxes:(535)(655)(1,074)171210273(62)
Income tax expense (benefit)7281145(30)(16)(50)(9)
Net income (loss) attributable to parent:(463)(573)(930)140194223(71)
Preferred stock dividends and other adjustments(57)(56)(41)    
Other undisclosed net loss available to common stockholders, basic  (3)    
Net income (loss) available to common stockholders, diluted:(520)(630)(973)140194223(71)

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):(463)(573)(930)140194223(71)
Other comprehensive income (loss)(51)41(38)(73)199(113)(88)
Comprehensive income (loss), net of tax, attributable to parent:(513)(532)(967)68392109(159)

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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