Cooper Tire & Rubber Company (CTB) financial statements (2021 and earlier)

Company profile

Business Address LIMA & WESTERN AVENUES
FINDLAY, OH 45840
State of Incorp. DE
Fiscal Year End December 31
SIC 3011 - Tires and Inner Tubes (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments626391356372504505
Cash and cash equivalents626391356372504505
Receivables515545553442417381
Inventory, net of allowances, customer advances and progress billings388464480512470413
Inventory388464480512470413
Other current assets535368632936
Total current assets:1,5821,4531,4571,3881,4211,335
Noncurrent Assets
Operating lease, right-of-use asset9281
Property, plant and equipment1,0781,0471,002967864795
Long-term investments and receivables5349    
Long-term investments5349    
Intangible assets, net (including goodwill)114130139188193152
Goodwill191919555319
Intangible assets, net (excluding goodwill)95111120133141133
Regulated entity, other noncurrent assets  1111
Restricted cash and investments  2111
Deferred income tax assets3129
Other noncurrent assets221365617
Other undisclosed noncurrent assets  2758133135
Total noncurrent assets:1,3891,3491,1771,2191,1991,102
TOTAL ASSETS:2,9722,8022,6342,6082,6192,436
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities608582570464472420
Accounts payable298277287277282216
Accrued liabilities308302283180184199
Taxes payable221765
Debt161319041291
Other undisclosed current liabilities2410   12
Total current liabilities:648604760505501433
Noncurrent Liabilities
Long-term debt and lease obligation, including:314309121296297296
Finance lease, liability11
Operating lease, liability7155
Other undisclosed long-term debt and lease obligation242253121296297296
Liabilities, other than long-term debt527506520621690687
Deferred income tax liabilities13
Liability, pension and other postretirement and postemployment benefits374354384476533554
Other liabilities152149136144157133
Other undisclosed noncurrent liabilities7155  12
Total noncurrent liabilities:913871641917988986
Total liabilities:1,5611,4751,4021,4221,4891,419
Stockholders' equity
Stockholders' equity attributable to parent1,3891,2651,1721,1271,076979
Common stock888888888888
Treasury stock, value(919)(923)(925)(897)(814)(711)
Additional paid in capital212221212616
Accumulated other comprehensive loss(447)(448)(462)(478)(545)(510)
Retained earnings2,6472,5252,4502,3942,3212,096
Stockholders' equity attributable to noncontrolling interest226360595438
Total stockholders' equity:1,4111,3281,2321,1861,1301,018
TOTAL LIABILITIES AND EQUITY:2,9722,8022,6342,6082,6192,436

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues2,5212,7532,8082,8552,9252,973
Revenue, net2,8552,9252,973
Cost of revenue
(Cost of Goods and Services Sold)
(2,033)(2,319)(2,365)(2,338)(2,273)(2,355)
Gross profit:488433443517652617
Operating expenses(257)(259)(278)(245)(268)(263)
Operating income:231174165272384354
Nonoperating income (expense)(17)(34)(19)493
Investment income, nonoperating4910742
Net periodic defined benefits expense (reversal of expense), excluding service cost component(25)(42)(28)
Other nonoperating income (expense)5(1)(1)(3)51
Interest and debt expense(23)(31)(32)(32)(27)(24)
Income from continuing operations before income taxes:191110114244367334
Income tax expense(47)(11)(33)(147)(116)(118)
Net income:144988197251216
Net loss attributable to noncontrolling interest(1)(2)(4)(1)(3)(3)
Net income available to common stockholders, diluted:143967795248213

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:144988197251216
Other comprehensive income (loss)3151570(40)17
Comprehensive income:14711395167211232
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(3)(3)(2)(5)21
Comprehensive income, net of tax, attributable to parent:14311093162213234

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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