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)

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 investments100101114114157135124
Cash and cash equivalents100101114114157135124
Receivables78807163555763
Inventory, net of allowances, customer advances and progress billings42433729252832
Inventory42433729252832
Deferred tax assets    9 
Other current assets1715131116218
Other undisclosed current assets     (9)9
Total current assets:237239234216252240236
Noncurrent Assets
Property, plant and equipment     7175
Intangible assets, net (including goodwill), including:1911311381266969107
Goodwill106717162343232
Intangible assets, net (excluding goodwill)85606764353740
Other undisclosed intangible assets, net (including goodwill)      35
Other noncurrent assets3222111
Defined benefit plan, assets for plan benefits46343256
Deferred tax assets, net    43 
Other undisclosed noncurrent assets8276784659(71)(71)
Total noncurrent assets:276210218220162145169
Other undisclosed assets130998882707175
TOTAL ASSETS:643548540518484457480
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities94104102971018595
Accounts payable48524940404347
Accrued liabilities36374146542525
Employee-related liabilities1015121171121
Taxes payable     33
Interest and dividends payable     1 
Debt3  1   
Derivative instruments and hedges, liabilities      0
Accrued environmental loss contingencies     4 
Deferred tax liabilities     0
Other undisclosed current liabilities     (9)(0)
Total current liabilities:97104102981018095
Noncurrent Liabilities
Long-term debt and lease obligation125507689917575
Long-term debt, excluding current maturities100507689917575
Operating lease, liability25
Liabilities, other than long-term debt11161713101214
Asset retirement obligations777733 
Deferred tax liabilities, net44   0
Other liabilities46668913
Derivative instruments and hedges, liabilities     01
Other undisclosed noncurrent liabilities6     (0)
Total noncurrent liabilities:14166931021018788
Total liabilities:238170196200202167184
Stockholders' equity
Stockholders' equity attributable to parent405378344318282290297
Common stock308307305303301300297
Treasury stock, value(364)(353)(343)(343)(343)(325)(317)
Additional paid in capital44434141413940
Accumulated other comprehensive loss(92)(98)(79)(93)(99)(104)(82)
Retained earnings510479420411382380359
Total stockholders' equity:405378344318282290297
TOTAL LIABILITIES AND EQUITY:643548540518484457480

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
Revenues469470423397382404409
Revenue, net423397382404409
Cost of revenue
(Cost of Goods and Services Sold)
(311)(306)(283)(256)(255)(274)(288)
Gross profit:158165140140127130121
Operating expenses(104)(104)(102)(77)(94)(94)(112)
Other undisclosed operating income (loss)    (15)68
Operating income:54613863184218
Nonoperating income (expense)(4)(3)2(6)(6)(3)0
Investment income, nonoperating2211332
Other nonoperating income (expense)(3)(3)4(4)(6)(3)2
Interest and debt expense(3)(2)(3)(4)(3)(2)(3)
Other undisclosed income from continuing operations before equity method investments, income taxes3234323
Income from continuing operations before income taxes:50584057123918
Income tax expense(14)(12)(26)(23)(5)(13)(16)
Income from continuing operations:364714347272
Loss from discontinued operations      (6)
Net income (loss) available to common stockholders, diluted:36471434727(4)

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):36471434727(4)
Other comprehensive income  13    
Comprehensive income (loss):36472834727(4)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent6(1)165(22)39
Comprehensive income, net of tax, attributable to parent:4245294012435

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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