CTS Corporation (CTS) financial statements (2020 and earlier)

Company profile

Business Address 4925 INDIANA AVENUE
LISLE, IL 60532
State of Incorp. IN
Fiscal Year End December 31
SIC 3672 - Printed Circuit Boards (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 investments101101114114157135124
Cash and cash equivalents101101114114157135124
Receivables81807163555763
Inventory, net of allowances, customer advances and progress billings45433729252832
Inventory45433729252832
Deferred tax assets    9 
Other current assets1815131116218
Other undisclosed current assets     (9)9
Total current assets:245239234216252240236
Noncurrent Assets
Property, plant and equipment103    7175
Intangible assets, net (including goodwill), including:1951311381266969107
Goodwill108717162343232
Intangible assets, net (excluding goodwill)87606764353740
Other undisclosed intangible assets, net (including goodwill)      35
Contract with customer, asset, net1 
Other noncurrent assets3222111
Defined benefit plan, assets for plan benefits46343256
Deferred tax assets, net    43 
Other undisclosed noncurrent assets10176784659(71)(71)
Total noncurrent assets:403210218220162145169
Other undisclosed assets 998882707175
TOTAL ASSETS:648548540518484457480
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities98104102971018595
Accounts payable48524940404347
Accrued liabilities38374146542525
Employee-related liabilities1115121171121
Taxes payable     33
Interest and dividends payable     1 
Debt   1   
Derivative instruments and hedges, liabilities      0
Accrued environmental loss contingencies     4 
Deferred tax liabilities     0
Other undisclosed current liabilities3    (9)(0)
Total current liabilities:101104102981018095
Noncurrent Liabilities
Long-term debt and lease obligation113507689917575
Long-term debt, excluding current maturities113507689917575
Liabilities, other than long-term debt15161713101214
Asset retirement obligations677733 
Deferred tax liabilities, net444   0
Other liabilities56668913
Derivative instruments and hedges, liabilities     01
Other undisclosed noncurrent liabilities25     (0)
Total noncurrent liabilities:15266931021018788
Total liabilities:253170196200202167184
Stockholders' equity
Stockholders' equity attributable to parent395378344318282290297
Common stock308307305303301300297
Treasury stock, value(361)(353)(343)(343)(343)(325)(317)
Additional paid in capital43434141413940
Accumulated other comprehensive loss(96)(98)(79)(93)(99)(104)(82)
Retained earnings501479420411382380359
Total stockholders' equity:395378344318282290297
TOTAL LIABILITIES AND EQUITY:648548540518484457480

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
Revenues474470423397382404409
Revenue, net423397382404409
Cost of revenue
(Cost of Goods and Services Sold)
(313)(306)(283)(256)(255)(274)(288)
Gross profit:162165140140127130121
Operating expenses(103)(104)(102)(77)(94)(94)(112)
Other undisclosed operating income (loss)0   (15)68
Operating income:58613863184218
Nonoperating income (expense)(4)(3)2(6)(6)(3)0
Investment income, nonoperating2211332
Other nonoperating income (expense)(4)(3)4(4)(6)(3)2
Interest and debt expense(2)(2)(3)(4)(3)(2)(3)
Other undisclosed income from continuing operations before equity method investments, income taxes2234323
Income from continuing operations before income taxes:54584057123918
Income tax expense(11)(12)(26)(23)(5)(13)(16)
Income from continuing operations:444714347272
Loss from discontinued operations      (6)
Net income (loss) available to common stockholders, diluted:44471434727(4)

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 (loss):44471434727(4)
Other comprehensive income  13    
Comprehensive income (loss):44472834727(4)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(4)(1)165(22)39
Comprehensive income, net of tax, attributable to parent:3945294012435

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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