Crane Co. (CR) financial statements (2022 and earlier)

Company profile

Business Address CRANE CO.
STAMFORD, CT 06902
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)

12/31/2021
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 investments479551394343706510364
Cash and cash equivalents479551394343706510364
Receivables472433555516418396398
Inventory, net of allowances, customer advances and progress billings441438457412349343377
Inventory441438457412349343377
Other current assets1181378076202018
Other undisclosed current assets234141416254848
Total current assets:1,7441,5741,5001,3631,5191,3161,204
Noncurrent Assets
Operating lease, right-of-use asset  113
Property, plant and equipment527600616599282279276
Intangible assets, net (including goodwill)1,8782,1291,9781,8861,4841,4311,485
Goodwill1,4131,6091,4721,4041,2071,1491,168
Intangible assets, net (excluding goodwill)466520505482277282317
Deferred income tax assets1815 
Other noncurrent assets25919821110111595106
Other undisclosed noncurrent assets6073694194307271
Total noncurrent assets:2,7423,0152,9242,6802,0752,1122,138
TOTAL ASSETS:4,4874,5894,4244,0433,5943,4283,342
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities688614702667503450448
Accounts payable247218311329247223223
Accrued liabilities431396378337252223219
Taxes payable110131446
Debt 37614972492473
Deferred tax liabilities  00
Other undisclosed current liabilities107676566854752
Total current liabilities:7951,057917740838521573
Noncurrent Liabilities
Long-term debt and lease obligation842843934942494745749
Long-term debt, excluding current maturities842843842942494745749
Operating lease, liability  92
Liabilities, other than long-term debt, including:4645556062766664
Deferred tax liabilities, net53454250
Deferred income tax liabilities7154 
Liability, pension and other postretirement and postemployment benefits232330298244241249235
Accrued environmental loss contingencies  3622   
Other liabilities16117118885108100113
Other undisclosed liabilities, other than long-term debt  (462)(342)(317)(326)(334)
Other undisclosed noncurrent liabilities5506041,037771838950805
Total noncurrent liabilities:1,8562,0012,0311,7751,4081,7621,618
Total liabilities:2,6523,0582,9472,5162,2452,2822,191
Stockholders' equity
Stockholders' equity attributable to parent, including:1,8321,5291,4741,5241,3451,1341,139
Common stock72727272727272
Treasury stock, value(691)(601)(543)(476)(452)(459)(494)
Additional paid in capital364331316304292  
Accumulated other comprehensive loss(440)(466)(484)(448)(380)(476)(377)
Retained earnings2,5272,1932,1122,0721,8131,7201,674
Other undisclosed stockholders' equity attributable to parent     277264
Stockholders' equity attributable to noncontrolling interest323331211
Total stockholders' equity:1,8351,5311,4761,5271,3491,1461,151
TOTAL LIABILITIES AND EQUITY:4,4874,5894,4244,0433,5943,4283,342

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
Revenues3,1802,9373,2833,3462,7862,7482,741
Revenue, net2,7862,7482,741
Cost of revenue(1,939)(1,931)(2,104)(1)(2)(6)(3)
Cost of goods and services sold(1,939)(1,931)(2,104)    
Provision for loan, lease, and other losses   (1)
Financial services costs(2)(6)(3)
Other undisclosed gross profit   (2,155)(1,769)(1,752)(1,783)
Gross profit:1,2411,0061,1791,1891,015990954
Operating expenses(739)(743)(740)(2,904)(2,384)(2,548)(2,368)
Other undisclosed operating income (loss)  (229)2,1561,7711,7581,786
Operating income:502263210441402200373
Nonoperating expense(25)(38)(40)(30)(34)(36)(36)
Other nonoperating income (expense)2115419(1)(2)(1)
Interest and debt expense(47)(55)(47)(51)(36)(37)(38)
Other undisclosed income from continuing operations before equity method investments, income taxes 554751363738
Income from continuing operations before equity method investments, income taxes:430225171411368164337
Other undisclosed income from continuing operations before income taxes47      
Income from continuing operations before income taxes:477225171411368164337
Income tax expense(83)(43)(37)(76)(195)(40)(107)
Income from continuing operations:394181134336173124230
Income from discontinued operations41      
Net income:435181134336173124230
Net income (loss) attributable to noncontrolling interest (0)(0)0(1)(1)(1)
Net income available to common stockholders, diluted:435181133336172123229

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:435181134336173124230
Other comprehensive income (loss)2717(36)(68)96(100)(79)
Comprehensive income:4621989726826924152
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)100(1)(1)(1)
Comprehensive income, net of tax, attributable to parent:4621989826826823150

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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