Cooper Tire & Rubber Company (CTB) financial statements (2020 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)

9/30/2019
TTM
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 investments137356372504505552398
Cash and cash equivalents137356372504505552398
Receivables626553442417381385447
Inventory, net of allowances, customer advances and progress billings567480512470413422517
Inventory567480512470413422517
Other current assets49686329368193
Other undisclosed current assets     (12) 
Total current assets:1,3791,4571,3881,4211,3351,4281,455
Noncurrent Assets
Operating lease, right-of-use asset86
Property, plant and equipment1,0121,002967864795740974
Long-term investments and receivables49      
Long-term investments49      
Intangible assets, net (including goodwill)132139188193152157179
Goodwill19195553191919
Intangible assets, net (excluding goodwill)114120133141133138160
Regulated entity, other noncurrent assets 1111  
Restricted cash and investments 211113
Deferred income tax assets24
Other noncurrent assets14656171716
Deferred tax assets, net    184149
Other undisclosed noncurrent assets 2758133135(36)(38)
Total noncurrent assets:1,3181,1771,2191,1991,1021,0621,283
TOTAL ASSETS:2,6972,6342,6082,6192,4362,4902,738
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities575570464472420460525
Accounts payable254287277282216258302
Accrued liabilities305283180184199184211
Employee-related liabilities     15 
Taxes payable161765211
Debt4519041291218
Other undisclosed current liabilities145   125022
Total current liabilities:765760505501433511565
Noncurrent Liabilities
Long-term debt and lease obligation, including:121121296297296299321
Finance lease, liability5
Operating lease, liability60
Other undisclosed long-term debt and lease obligation55121296297296299321
Liabilities, other than long-term debt482520621690687810701
Pension and other postretirement defined benefit plans, liabilities530
Deferred compensation liability, classified     1912
Liability, pension and other postretirement and postemployment benefits341384476533554638
Other liabilities141136144157133153158
Other undisclosed noncurrent liabilities60  12(14)(6)
Total noncurrent liabilities:6636419179889861,0941,016
Total liabilities:1,4281,4021,4221,4891,4191,6061,581
Stockholders' equity
Stockholders' equity attributable to parent1,2091,1721,1271,076979844991
Common stock88888888888888
Treasury stock, value(923)(925)(897)(814)(711)(586)(433)
Additional paid in capital212121261664
Accumulated other comprehensive loss(456)(462)(478)(545)(510)(531)(410)
Retained earnings2,4792,4502,3942,3212,0961,8671,742
Stockholders' equity attributable to noncontrolling interest596059543840167
Total stockholders' equity:1,2681,2321,1861,1301,0188841,158
TOTAL LIABILITIES AND EQUITY:2,6972,6342,6082,6192,4362,4902,738

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2,7732,8082,8552,9252,9733,4253,439
Revenue, net2,8552,9252,9733,4253,439
Cost of revenue
(Cost of Goods and Services Sold)
(2,347)(2,365)(2,338)(2,273)(2,355)(2,852)(2,923)
Gross profit:426443517652617573516
Operating expenses(291)(278)(245)(268)(263)(468)(461)
Other undisclosed operating income     196186
Operating income:136165272384354300241
Nonoperating income (expense)(47)(19)4931320
Investment income, nonoperating7107421351
Net periodic defined benefits expense (reversal of expense), excluding service cost component(28)(28)
Other nonoperating income (expense)(1)(1)(3)51(3)(1)
Interest and debt expense(32)(32)(32)(27)(24)(28)(28)
Income from continuing operations before equity method investments, income taxes:56114244367334404213
Other undisclosed income (loss) from continuing operations before income taxes21    (56) 
Income from continuing operations before income taxes:77114244367334349213
Income tax expense(31)(33)(147)(116)(118)(112)(79)
Net income:468197251216237134
Net loss attributable to noncontrolling interest(1)(4)(1)(3)(3)(23)(23)
Net income available to common stockholders, diluted:457795248213214111

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:468197251216237134
Other comprehensive income (loss)121570(40)17(125)145
Comprehensive income:5895167211232112278
Comprehensive income (loss), net of tax, attributable to noncontrolling interest2(2)(5)21(19)26
Other undisclosed comprehensive loss, net of tax, attributable to parent      (52)
Comprehensive income, net of tax, attributable to parent:609316221323493253

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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