Eaton Corporation, PLC (ETN) financial statements (2023 and earlier)

Company profile

Business Address 30 PEMBROKE ROAD
DUBLIN, DUBLIN 4
State of Incorp.
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 investments5681,1025914401,095746445
Cash and cash equivalents297438370283561543268
Short-term investments271664221157534203177
Receivables3,2972,9043,4373,8583,9433,5603,479
Inventory, net of allowances, customer advances and progress billings2,9692,1092,8052,7852,6202,2542,323
Inventory2,9692,1092,8052,7852,6202,2542,323
Disposal group, including discontinued operation 2,4871,377    
Other undisclosed current assets677576518507679381369
Total current assets:7,5119,1788,7287,5908,3376,9416,616
Noncurrent Assets
Finance lease, right-of-use asset  26
Operating lease, right-of-use asset442428436
Property, plant and equipment3,0642,9643,4963,4673,5023,4433,565
Intangible assets, net (including goodwill)20,60617,07818,09418,17418,83318,71519,493
Goodwill14,75112,90313,45613,32813,56813,20113,479
Intangible assets, net (excluding goodwill)5,8554,1754,6384,8465,2655,5146,014
Deferred income tax assets392426 
Other noncurrent assets2,0121,7501,6791,5681,698960995
Other undisclosed noncurrent assets  346293253360362
Total noncurrent assets:26,51622,64624,07723,50224,28623,47824,415
TOTAL ASSETS:34,02731,82432,80531,09232,62330,41931,031
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,2982,3382,5632,5872,6192,0972,124
Accounts payable2,7971,9872,1142,1302,1661,7181,758
Employee-related liabilities501351449457453379366
Debt1,7481,0485037535841,566668
Other liabilities2,1662,0271,7411,8141,8721,8221,833
Other undisclosed current liabilities 468325    
Total current liabilities:7,2125,8815,1325,1545,0755,4854,625
Noncurrent Liabilities
Long-term debt and lease obligation, including:6,8317,0107,8196,7687,1676,7117,781
Finance lease, liability233021
Operating lease, liability337326331
Other undisclosed long-term debt and lease obligation6,4716,6547,4676,7687,1676,7117,781
Liabilities, other than long-term debt3,1963,6342,9943,0283,0913,2823,394
Deferred tax liabilities, net349538321390
Deferred income tax liabilities559277 
Liability, pension and other postretirement and postemployment benefits1,1351,9181,7901,6251,5882,0272,026
Other liabilities1,5021,4391,2041,054965934978
Other undisclosed noncurrent liabilities337326727    
Total noncurrent liabilities:10,36410,97011,5409,79610,2589,99311,175
Total liabilities:17,57616,85116,67214,95015,33315,47815,800
Stockholders' equity
Stockholders' equity attributable to parent, including:16,41314,93016,08216,10717,25314,89715,186
Additional paid in capital12,44912,32912,20012,09011,98711,84511,701
Deferred compensation equity(1)(2)(2)(3)(3)(3)(3)
Accumulated other comprehensive loss(3,633)(4,195)(4,290)(4,145)(3,404)(4,448)(3,863)
Retained earnings7,5946,7948,1708,1618,6697,4987,346
Other undisclosed stockholders' equity attributable to parent4444455
Stockholders' equity attributable to noncontrolling interest38435135374445
Total stockholders' equity:16,45114,97316,13316,14217,29014,94115,231
TOTAL LIABILITIES AND EQUITY:34,02731,82432,80531,09232,62330,41931,031

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
Revenues19,62817,85821,39021,60920,40419,74720,855
Revenue, net20,40419,74720,855
Cost of revenue(13,293)(12,408)(14,338)(14,511)(13,756)(13,400)(14,292)
Gross profit:6,3355,4507,0527,0986,6486,3476,563
Operating expenses(3,255)(3,405)(4,532)(4,225)(3,571)(4,697)(4,798)
Operating income:3,0802,0452,5202,8733,0771,6501,765
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(40)(150)(36)43810735
Interest and debt expense(144)(149)(236)    
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  343(453)253370345
Income from continuing operations before income taxes:2,8961,7462,5912,4243,3682,1272,145
Income tax expense(750)(331)(378)(278)(382)(202)(164)
Net income:2,1461,4152,2132,1462,9861,9251,981
Net loss attributable to noncontrolling interest(2)(5)(2)(1)(1)(3)(2)
Net income available to common stockholders, diluted:2,1441,4102,2112,1452,9851,9221,979

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:2,1461,4152,2132,1462,9861,9251,981
Other comprehensive income (loss)56295(145)(741)1,044(585)(964)
Comprehensive income:2,7081,5102,0681,4054,0301,3401,017
Comprehensive loss, net of tax, attributable to noncontrolling interest(2)(5)(2)(1)(1)(3)(2)
Comprehensive income, net of tax, attributable to parent:2,7061,5052,0661,4044,0291,3371,015

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: