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)

9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
9/30/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  60210249217208
Cash and cash equivalents  60197218216204
Short-term investments   133114
Restricted cash and investments 2787669  
Receivables134392434392359394379
Inventory, net of allowances, customer advances and progress billings107848866583960
Inventory107848866643960
Progress payments netted against inventory for long-term contracts or programs    (6) 
Contract with customer, asset350 
Assets held-for-sale, not part of disposal group 8   
Income taxes receivable168
Other current assets 4431    
Other undisclosed current assets134112 39409988
Total current assets:724668622783775765743
Noncurrent Assets
Property, plant and equipment14511811496756456
Intangible assets, net (including goodwill)744407514530311248192
Goodwill578334416407238184135
Intangible assets, net (excluding goodwill)1667498123736458
Deferred income tax assets4
Other noncurrent assets77 117   
Other undisclosed noncurrent assets1531127689139117117
Total noncurrent assets:1,123637715722525429366
TOTAL ASSETS:1,8471,3051,3361,5051,3001,1951,108
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities59741851561039396
Accounts payable  9681473140
Employee-related liabilities58658074514943
Taxes payable1910151313
Deferred revenue46
Debt206 552406111
Self insurance reserve79  999
Deferred tax liabilities   130 
Customer advances and deposits76574977 
Other liabilities 537974938565
Other undisclosed current liabilities210117  (9)8376
Total current liabilities:529328376520347270246
Noncurrent Liabilities
Long-term debt and lease obligation189200200201126102102
Long-term debt, excluding current maturities189200200201126102102
Liabilities, other than long-term debt42247094714043
Pension and other postretirement defined benefit plans, liabilities1721
Accounts payable and accrued liabilities127129  
Accrued income taxes66
Deferred compensation liability, classified11111111101010
Deferred tax liabilities, net310421 
Deferred income tax liabilities5
Liability, pension and other postretirement and postemployment benefits258254726 
Other liabilities  16212566
Other undisclosed noncurrent liabilities10628     
Total noncurrent liabilities:337252270295197142145
Total liabilities:867581647815544412391
Stockholders' equity
Stockholders' equity attributable to parent962700690690756782717
Common stock274453833262116
Treasury stock, value(36)(36)(36)(36)(36)(36)(36)
Accumulated other comprehensive loss(140)(111)(107)(120)(52)(5)(3)
Retained earnings863802794813819803740
Stockholders' equity attributable to noncontrolling interest19    00
Other undisclosed stockholders' equity 24     
Total stockholders' equity:981724690690756783717
TOTAL LIABILITIES AND EQUITY:1,8471,3051,3361,5051,3001,1951,108

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

9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
9/30/2013
Revenues1,4961,2031,4861,4621,4311,3981,361
Revenue, net1,2031,4861,4621,4311,3981,361
Cost of revenue(1,085)(844)(1,137)(1,137)(1,109)(1,097)(1,063)
Cost of goods and services sold (835)(1,122)(1,117)(1,091)(1,083)(1,058)
Gross profit:412358349325322301298
Operating expenses(326)(334)(332)(317)(247)(209)(257)
Operating income:8624187759241
Nonoperating income (expense)(13)11(1)112
Investment income, nonoperating7211212
Other nonoperating income (expense)(20)(1)0(2)(1)(0)1
Interest and debt expense(20)(10)(15)(11)(4)(4)(3)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (3)   
Income (loss) from continuing operations before income taxes:52154(7)728940
Income tax expense (benefit)(11)(7)(15)9(49)(20)(15)
Income (loss) from continuing operations:418(11)2237025
Income (loss) from discontinued operations(1)4     
Net income (loss):4012(11)2237025
Net income (loss) attributable to noncontrolling interest100  (0)(0)(0)
Net income (loss) available to common stockholders, diluted:5012(11)2236925

Comprehensive Income ($ in millions)

9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
9/30/2013
Net income (loss):4012(11)2237025
Other comprehensive loss(29)(2)     
Comprehensive income (loss):1110(11)2237025
Comprehensive income (loss), net of tax, attributable to noncontrolling interest100  (0)00
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  13(68)(46)(3)18
Comprehensive income (loss), net of tax, attributable to parent:21112(66)(24)6743

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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