Cubic Corporation (CUB) financial statements (2020 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)

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments   60210249217
Cash and cash equivalents   60197218216
Short-term investments    13311
Restricted cash and investments  2787669 
Receivables122134392434392359394
Inventory, net of allowances, customer advances and progress billings1231078488665839
Inventory1231078488666439
Progress payments netted against inventory for long-term contracts or programs     (6) 
Contract with customer, asset320350 
Assets held-for-sale, not part of disposal group  8   
Income taxes receivable16
Other current assets  4431   
Other undisclosed current assets143134112 394099
Total current assets:709724668622783775765
Noncurrent Assets
Operating lease, right-of-use asset81 
Property, plant and equipment151145118114967564
Intangible assets, net (including goodwill)738744407514530311248
Goodwill583578334416407238184
Intangible assets, net (excluding goodwill)15616674981237364
Deferred income tax assets54
Other noncurrent assets 77 117  
Other undisclosed noncurrent assets2361531127689139117
Total noncurrent assets:1,2111,123637715722525429
TOTAL ASSETS:1,9201,8471,3051,3361,5051,3001,195
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6597418515610393
Accounts payable   96814731
Employee-related liabilities 586580745149
Taxes payable619101513
Deferred revenue6346
Debt237206 55240611
Self insurance reserve779  99
Deferred tax liabilities   130
Customer advances and deposits76574977 
Other liabilities  5379749385
Other undisclosed current liabilities206210117  (9)83
Total current liabilities:519529328376520347270
Noncurrent Liabilities
Long-term debt and lease obligation74189200200201126102
Long-term debt, excluding current maturities 189200200201126102
Operating lease, liability74 
Liabilities, other than long-term debt12422470947140
Pension and other postretirement defined benefit plans, liabilities17
Accounts payable and accrued liabilities 127129 
Accrued income taxes6
Deferred compensation liability, classified12111111111010
Deferred tax liabilities, net310421
Deferred income tax liabilities 5
Liability, pension and other postretirement and postemployment benefits 258254726 
Other liabilities   1621256
Other undisclosed noncurrent liabilities34110628    
Total noncurrent liabilities:427337252270295197142
Total liabilities:946867581647815544412
Stockholders' equity
Stockholders' equity attributable to parent952962700690690756782
Common stock2762744538332621
Treasury stock, value(36)(36)(36)(36)(36)(36)(36)
Accumulated other comprehensive loss(130)(140)(111)(107)(120)(52)(5)
Retained earnings842863802794813819803
Stockholders' equity attributable to noncontrolling interest2319    0
Other undisclosed stockholders' equity  24    
Total stockholders' equity:975981724690690756783
TOTAL LIABILITIES AND EQUITY:1,9201,8471,3051,3361,5051,3001,195

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

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
Revenues1,5201,4961,2031,4861,4621,4311,398
Revenue, net1,2031,4861,4621,4311,398
Cost of revenue(1,116)(1,085)(844)(1,137)(1,137)(1,109)(1,097)
Cost of goods and services sold  (835)(1,122)(1,117)(1,091)(1,083)
Gross profit:404412358349325322301
Operating expenses(324)(326)(334)(332)(317)(247)(209)
Operating income:8086241877592
Nonoperating income (expense)(8)(13)11(1)11
Investment income, nonoperating8721121
Other nonoperating income (expense)(15)(20)(1)0(2)(1)(0)
Interest and debt expense(22)(20)(10)(15)(11)(4)(4)
Other undisclosed loss from continuing operations before equity method investments, income taxes    (3)  
Income (loss) from continuing operations before income taxes:5152154(7)7289
Income tax expense (benefit)(15)(11)(7)(15)9(49)(20)
Income (loss) from continuing operations:36418(11)22370
Income (loss) from discontinued operations(2)(1)4    
Net income (loss):344012(11)22370
Net income (loss) attributable to noncontrolling interest2100  (0)(0)
Net income (loss) available to common stockholders, diluted:365012(11)22369

Comprehensive Income ($ in millions)

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
Net income (loss):344012(11)22370
Other comprehensive loss(18)(29)(2)    
Comprehensive income (loss):161110(11)22370
Comprehensive income (loss), net of tax, attributable to noncontrolling interest2100  (0)0
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   13(68)(46)(3)
Comprehensive income (loss), net of tax, attributable to parent:1821112(66)(24)67

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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