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)

12/31/2019
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 investments391276475554289450175
Cash and cash equivalents391276475554289450175
Receivables632594495463566495604
Inventory, net of allowances, customer advances and progress billings425423379367380374452
Inventory425423379367380389452
Progress payments netted against inventory for long-term contracts or programs     (14)
Disposal group, including discontinued operation     147 
Other current assets82515331404559
Other undisclosed current assets    425948
Total current assets:1,5301,3441,4021,4151,3171,5711,337
Noncurrent Assets
Operating lease, right-of-use asset165
Property, plant and equipment386375390389414459516
Intangible assets, net (including goodwill)1,6471,5181,4261,2231,2831,3481,582
Goodwill1,1671,0881,0969519739991,110
Intangible assets, net (excluding goodwill)480430330271311349471
Other noncurrent assets37191812162223
Total noncurrent assets:2,2341,9111,8341,6231,7131,8282,121
TOTAL ASSETS:3,7643,2553,2363,0383,0293,4003,458
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities394406340326303419423
Accounts payable222233185178163152187
Accrued liabilities165167150130132146143
Employee-related liabilities     8988
Taxes payable865188225
Interest and dividends payable     10 
Deferred revenue276
Debt 00151111
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 liabilities74453628393838
Other undisclosed current liabilities 237   (111)(102)
Total current liabilities:745687591675525572535
Noncurrent Liabilities
Long-term debt and lease obligation917762814816953953959
Long-term debt, excluding current maturities761762814816953953959
Finance lease, liability11
Operating lease, liability145
Liabilities, other than long-term debt259275304256296396412
Pension and other postretirement defined benefit plans, liabilities139
Deferred tax liabilities, net4749509152124
Liability, pension and other postretirement and postemployment benefits139101121107104227
Accrued environmental loss contingencies15161514141515
Disposal group, including discontinued operation, liabilities     1 
Other liabilities1061111198587103134
Other undisclosed noncurrent liabilities69    (1) 
Total noncurrent liabilities:1,2451,0371,1181,0711,2491,3491,371
Total liabilities:1,9901,7251,7091,7471,7741,9211,906
Stockholders' equity
Stockholders' equity attributable to parent1,7741,5311,5281,2911,2551,4781,553
Common stock49494949494949
Treasury stock, value(563)(540)(369)(351)(303)(70)(53)
Additional paid in capital116118121129145158151
Accumulated other comprehensive income (loss)(325)(288)(217)(292)(226)(128)25
Retained earnings2,4972,1911,9441,7551,5911,4691,381
Total stockholders' equity:1,7741,5311,5281,2911,2551,4781,553
TOTAL LIABILITIES AND EQUITY:3,7643,2553,2363,0383,0293,4003,458

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2,4882,4122,2712,1092,2062,2432,511
Revenue, net2,2712,1092,2062,2432,511
Cost of revenue(1,589)(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:899871819750783777811
Operating expenses(495)(498)(479)(442)(473)(658)(700)
Other undisclosed operating income     164122
Operating income:404374340308311282234
Nonoperating income241711131
Foreign currency transaction gain, before tax     3 
Other nonoperating income241711101
Interest and debt expense(31)(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:396356300268275247198
Income tax expense(89)(80)(85)(79)(83)(77)(60)
Income from continuing operations:308276215189192170138
Loss from discontinued operations   (2)(47)(57) 
Net income available to common stockholders, diluted:308276215187145113138

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:308276215187145113138
Other comprehensive income (loss)(11)(72)75(66)(98)(154)81
Comprehensive income (loss), net of tax, attributable to parent:29720429012248(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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