Curtiss-Wright Corporation (CW) financial statements (2020 and earlier)

Company profile

Business Address 130 HARBOUR PLACE DRIVE
DAVIDSON, NC 28036
State of Incorp. DE
Fiscal Year End December 31
SIC 359 - Miscellaneous Industrial And Commercial (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 investments298276475554289450175
Cash and cash equivalents298276475554289450175
Receivables644594495463566495604
Inventory, net of allowances, customer advances and progress billings430423379367380374452
Inventory430423379367380389452
Progress payments netted against inventory for long-term contracts or programs     (14)
Disposal group, including discontinued operation     147 
Other current assets44515331404559
Other undisclosed current assets    425948
Total current assets:1,4161,3441,4021,4151,3171,5711,337
Noncurrent Assets
Operating lease, right-of-use asset134
Property, plant and equipment374375390389414459516
Intangible assets, net (including goodwill)1,5251,5181,4261,2231,2831,3481,582
Goodwill1,1051,0881,0969519739991,110
Intangible assets, net (excluding goodwill)420430330271311349471
Other noncurrent assets33191812162223
Total noncurrent assets:2,0661,9111,8341,6231,7131,8282,121
TOTAL ASSETS:3,4823,2553,2363,0383,0293,4003,458
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities318406340326303419423
Accounts payable169233185178163152187
Accrued liabilities141167150130132146143
Employee-related liabilities     8988
Taxes payable865188225
Interest and dividends payable     10 
Deferred revenue256
Debt000151111
Deferred compensation liability     7 
Provision for loss on contracts     34
Estimated litigation liability      1
Accrued environmental loss contingencies      1
Disposal group, including discontinued operation     35 
Deferred revenue and credits215170182177164
Deferred tax liabilities    23
Other liabilities73453628393838
Other undisclosed current liabilities 237   (111)(102)
Total current liabilities:648687591675525572535
Noncurrent Liabilities
Long-term debt and lease obligation889762814816953953959
Long-term debt, excluding current maturities761762814816953953959
Finance lease, liability11
Operating lease, liability117
Liabilities, other than long-term debt207275304256296396412
Pension and other postretirement defined benefit plans, liabilities139
Deferred tax liabilities, net4749509152124
Liability, pension and other postretirement and postemployment benefits95101121107104227
Accrued environmental loss contingencies16161514141515
Disposal group, including discontinued operation, liabilities     1 
Other liabilities961111198587103134
Other undisclosed noncurrent liabilities38    (1) 
Total noncurrent liabilities:1,1331,0371,1181,0711,2491,3491,371
Total liabilities:1,7811,7251,7091,7471,7741,9211,906
Stockholders' equity
Stockholders' equity attributable to parent1,7011,5311,5281,2911,2551,4781,553
Common stock49494949494949
Treasury stock, value(557)(540)(369)(351)(303)(70)(53)
Additional paid in capital120118121129145158151
Accumulated other comprehensive income (loss)(326)(288)(217)(292)(226)(128)25
Retained earnings2,4152,1911,9441,7551,5911,4691,381
Total stockholders' equity:1,7011,5311,5281,2911,2551,4781,553
TOTAL LIABILITIES AND EQUITY:3,4823,2553,2363,0383,0293,4003,458

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
Revenues2,4112,4122,2712,1092,2062,2432,511
Revenue, net2,2712,1092,2062,2432,511
Cost of revenue(1,561)(1,541)(1,452)(1,358)(1,422)(1,467)(1,700)
Cost of goods and services sold  (1,452)(1,358)(1,422)(1,467)(1,700)
Gross profit:850871819750783777811
Operating expenses(495)(498)(479)(442)(473)(658)(700)
Other undisclosed operating income     164122
Operating income:355374340308311282234
Nonoperating income231711131
Foreign currency transaction gain, before tax     3 
Other nonoperating income231711101
Interest and debt expense(30)(34)(41)(41)(36)(36)(37)
Other undisclosed loss from continuing operations before equity method investments, income taxes     (3) 
Income from continuing operations before income taxes:348356300268275247198
Income tax expense(74)(80)(85)(79)(83)(77)(60)
Income from continuing operations:274276215189192170138
Loss from discontinued operations   (2)(47)(57) 
Net income available to common stockholders, diluted:274276215187145113138

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:274276215187145113138
Other comprehensive income (loss)(1)(72)75(66)(98)(154)81
Comprehensive income (loss), net of tax, attributable to parent:27220429012248(40)219

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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