CommScope Holding Company, Inc. (COMM) financial statements (2020 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)

12/31/2019
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 investments598458454428563729 
Cash and cash equivalents598458454428563729 
Receivables1,699810899952833612 
Inventory, net of allowances, customer advances and progress billings976473445473442367
Inventory976473445473442367 
Deferred tax assets    51 
Other undisclosed current assets23913614614016768 
Total current assets:3,5121,8781,9441,9942,0051,828 
Noncurrent Assets
Property, plant and equipment724451467475529289 
Long-term investments and receivables      3
Long-term investments      3
Intangible assets, net (including goodwill)9,7354,2044,5234,5674,8382,7131,422
Goodwill5,4722,8522,8872,7682,6911,452 
Intangible assets, net (excluding goodwill)4,2641,3521,6361,7992,1471,2611,422
Other noncurrent assets46198108106131126 
Defined benefit plan, assets for plan benefits  1 
Other undisclosed noncurrent assets     (1) 
Total noncurrent assets:10,9204,7535,0985,1485,4983,1281,425
TOTAL ASSETS:14,4326,6317,0427,1427,5034,9561,425
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,606691724845673633 
Accounts payable1,148399437416301178 
Accrued liabilities157291287429372289 
Employee-related liabilities187    122 
Taxes payable16    35 
Interest and dividends payable98    9 
Deferred revenue83
Debt94  13139 
Restructuring reserve24    6
Deferred revenue and credits   26 
Other undisclosed current liabilities236    (198) 
Total current liabilities:2,042691724858685476 
Noncurrent Liabilities
Long-term debt and lease obligation9,9613,9864,3694,5505,2312,699 
Long-term debt, excluding current maturities9,8003,9864,3694,5505,2312,699 
Operating lease, liability160
Liabilities, other than long-term debt538197301341364474 
Deferred tax liabilities, net83134199202340 
Liability, pension and other postretirement and postemployment benefits 1725323729
Other liabilities53897141110124104 
Other undisclosed noncurrent liabilities55      
Total noncurrent liabilities:10,5534,1834,6704,8905,5953,172 
Total liabilities:12,5954,8745,3945,7486,2803,648 
Temporary equity, carrying amount1,000      
Stockholders' equity
Stockholders' equity attributable to parent8361,7571,6481,3941,2231,308 
Common stock222222 
Treasury stock, value(235)(221)(206)(15)(11)(11) 
Additional paid in capital2,4452,3852,3342,2822,2162,141 
Accumulated other comprehensive loss(197)(159)(87)(285)(172)(84) 
Accumulated deficit(1,179)(250)(396)(590)(812)(742) 
Total stockholders' equity:8361,7571,6481,3941,2231,308 
TOTAL LIABILITIES AND EQUITY:14,4326,6317,0427,1427,5034,956 

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
Revenues8,3454,5694,5614,9243,8083,830 
Revenue, net4,5614,9243,8083,830 
Cost of revenue(5,941)(2,880)(2,789)(2,890)(2,462)(2,432) 
Gross profit:2,4041,6881,7722,0341,3461,397 
Operating expenses(2,913)(1,238)(1,294)(1,416)(1,135)(801)(36)
Other undisclosed operating loss   (43)(29)(18) 
Operating income (loss):(509)450478575182577(36)
Nonoperating income (expense)12(37)(11)(25)(9)(79)19
Investment income, nonoperating187464519
Other nonoperating expense(6)(44)(15)(30)(13)(86) 
Interest and debt expense(577)(242)(257)(278)(235)(179) 
Income (loss) from continuing operations before equity method investments, income taxes:(1,074)171210273(62)320(18)
Other undisclosed loss from continuing operations before income taxes     (3) 
Income (loss) from continuing operations before income taxes:(1,074)171210273(62)317(18)
Income tax expense (benefit)145(30)(16)(50)(9)(80) 
Net income (loss) attributable to parent:(930)140194223(71)237(18)
Preferred stock dividends and other adjustments(41)      
Other undisclosed net loss available to common stockholders, basic(3)      
Net income (loss) available to common stockholders, diluted:(973)140194223(71)237(18)

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):(930)140194223(71)237(18)
Other comprehensive income (loss)(38)(73)199(113)(88)(57) 
Comprehensive income (loss), net of tax, attributable to parent:(967)68392109(159)180(18)

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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