Cubic Corporation (CUB) financial statements (2021 and earlier)

Company profile

Business Address 9333 BALBOA AVE
SAN DIEGO, CA 92123
State of Incorp. DE
Fiscal Year End September 30
SIC 3829 - Measuring and Controlling Devices, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments    60210
Cash and cash equivalents    60197
Short-term investments     13
Restricted cash and investments   27876
Receivables114 134392434392
Inventory, net of allowances, customer advances and progress billings131 107848866
Inventory131 107848866
Contract with customer, asset288 350 
Assets held-for-sale, not part of disposal group   8  
Other current assets   4431 
Other undisclosed current assets186 134112 39
Total current assets:719 724668622783
Noncurrent Assets
Finance lease, right-of-use asset13  
Operating lease, right-of-use asset85  
Property, plant and equipment166 14511811496
Intangible assets, net (including goodwill)982 744407514530
Goodwill788 578334416407
Intangible assets, net (excluding goodwill)194 1667498123
Deferred income tax assets6 4
Other noncurrent assets35 77 117
Other undisclosed noncurrent assets294 1531127689
Total noncurrent assets:1,580 1,123637715722
TOTAL ASSETS:2,300 1,8471,3051,3361,505
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities125 5974185156
Accounts payable    9681
Employee-related liabilities124 58658074
Taxes payable1 19101
Deferred revenue80 46
Debt221 206 55240
Self insurance reserve5 79  
Customer advances and deposits765749
Other liabilities   537974
Other undisclosed current liabilities99 210117  
Total current liabilities:531 529328376520
Noncurrent Liabilities
Long-term debt and lease obligation89 189200200201
Long-term debt, excluding current maturities  189200200201
Finance lease, liability10  
Operating lease, liability79  
Liabilities, other than long-term debt10 42247094
Accounts payable and accrued liabilities  12712
Deferred compensation liability, classified10 11111111
Deferred tax liabilities, net3104
Deferred income tax liabilities  5
Liability, pension and other postretirement and postemployment benefits  2582547
Other liabilities    1621
Other undisclosed noncurrent liabilities676 10628  
Total noncurrent liabilities:775 337252270295
Total liabilities:1,306 867581647815
Stockholders' equity
Stockholders' equity attributable to parent961 962700690690
Common stock298 274453833
Treasury stock, value(36) (36)(36)(36)(36)
Accumulated other comprehensive loss(138) (140)(111)(107)(120)
Retained earnings837 863802794813
Stockholders' equity attributable to noncontrolling interest33 19   
Other undisclosed stockholders' equity   24  
Total stockholders' equity:994 981724690690
TOTAL LIABILITIES AND EQUITY:2,300 1,8471,3051,3361,505

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

12/31/2020
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Revenues144 1,4961,2031,4861,462
Revenue, net1,2031,4861,462
Cost of revenue(780) (1,085)(844)(1,137)(1,137)
Cost of goods and services sold   (835)(1,122)(1,117)
Gross profit:365 412358349325
Operating expenses(265) (326)(334)(332)(317)
Operating income:99 8624187
Nonoperating income (expense)(2) (13)11(1)
Investment income, nonoperating5 7211
Other nonoperating income (expense)(8) (20)(1)0(2)
Interest and debt expense(22) (20)(10)(15)(11)
Other undisclosed loss from continuing operations before equity method investments, income taxes     (3)
Income (loss) from continuing operations before income taxes:75 52154(7)
Income tax expense (benefit)(11) (11)(7)(15)9
Income (loss) from continuing operations:64 418(11)2
Income (loss) from discontinued operations1 (1)4  
Net income (loss):65 4012(11)2
Net income (loss) attributable to noncontrolling interest(21) 100  
Net income (loss) available to common stockholders, diluted:43 5012(11)2

Comprehensive Income ($ in millions)

12/31/2020
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Net income (loss):65 4012(11)2
Other comprehensive income (loss)10 (29)(2)  
Comprehensive income (loss):75 1110(11)2
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(21) 100  
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    13(68)
Comprehensive income (loss), net of tax, attributable to parent:53 21112(66)

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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