Curtiss-Wright Corporation (CW) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments171198391276475554289
Cash and cash equivalents171198391276475554289
Receivables647589632594495463566
Inventory, net of allowances, customer advances and progress billings406422425423379367380
Inventory412429425423379367380
Progress payments netted against inventory for long-term contracts or programs(5)(7)     
Disposal group, including discontinued operation1128     
Other current assets67578251533140
Other undisclosed current assets57    42
Total current assets:1,3081,3011,5301,3441,4021,4151,317
Noncurrent Assets
Finance lease, right-of-use asset89 
Operating lease, right-of-use asset144151165
Property, plant and equipment360378386375390389414
Intangible assets, net (including goodwill)2,0012,0651,6471,5181,4261,2231,283
Goodwill1,4631,4551,1671,0881,096951973
Intangible assets, net (excluding goodwill)538610480430330271311
Other noncurrent assets35343719181216
Other undisclosed noncurrent assets24884     
Total noncurrent assets:2,7962,7212,2341,9111,8341,6231,713
TOTAL ASSETS:4,1044,0213,7643,2553,2363,0383,029
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities359348394406340326303
Accounts payable212201222233185178163
Accrued liabilities144140165167150130132
Taxes payable37865188
Deferred revenue260253276
Debt 100 001511
Disposal group, including discontinued operation1310     
Deferred revenue and credits215170182
Other liabilities103997445362839
Other undisclosed current liabilities   237   
Total current liabilities:735810745687591675525
Noncurrent Liabilities
Long-term debt and lease obligation1,1781,091917762814816953
Long-term debt, excluding current maturities1,051958761762814816953
Finance lease, liability  11
Operating lease, liability127133145
Liabilities, other than long-term debt364332259275304256296
Deferred tax liabilities, net47495091
Deferred income tax liabilities147115 
Liability, pension and other postretirement and postemployment benefits9198139101121107104
Accrued environmental loss contingencies14151516151414
Other liabilities1121031061111198587
Other undisclosed noncurrent liabilities  69    
Total noncurrent liabilities:1,5421,4231,2451,0371,1181,0711,249
Total liabilities:2,2772,2341,9901,7251,7091,7471,774
Stockholders' equity
Stockholders' equity attributable to parent1,8261,7881,7741,5311,5281,2911,255
Common stock49494949494949
Treasury stock, value(1,068)(744)(563)(540)(369)(351)(303)
Additional paid in capital127123116118121129145
Accumulated other comprehensive loss(190)(311)(325)(288)(217)(292)(226)
Retained earnings2,9092,6702,4972,1911,9441,7551,591
Total stockholders' equity:1,8261,7881,7741,5311,5281,2911,255
TOTAL LIABILITIES AND EQUITY:4,1044,0213,7643,2553,2363,0383,029

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues2,5062,3912,4882,4122,2712,1092,206
Revenue, net2,2712,1092,206
Cost of revenue(1,573)(1,550)(1,589)(1,541)(1,452)(1,358)(1,422)
Cost of goods and services sold(1,573)(9)  (1,452)(1,358)(1,422)
Gross profit:933841899871819750783
Operating expenses(551)(552)(495)(498)(479)(442)(473)
Operating income:383289404374340308311
Nonoperating income
(Other Nonoperating income)
12102417111
Interest and debt expense(40)(36)(31)(34)(41)(41)(36)
Income from continuing operations before income taxes:355263396356300268275
Income tax expense(87)(62)(89)(80)(85)(79)(83)
Income from continuing operations:267201308276215189192
Loss from discontinued operations     (2)(47)
Net income available to common stockholders, diluted:267201308276215187145

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:267201308276215187145
Other comprehensive income (loss)12014(11)(72)75(66)(98)
Comprehensive income, net of tax, attributable to parent:38821629720429012248

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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