Eaton Corporation, PLC (ETN) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,1025914401,0957464451,026
Cash and cash equivalents438370283561543268781
Short-term investments664221157534203177245
Receivables2,9043,4373,8583,9433,5603,4793,667
Inventory, net of allowances, customer advances and progress billings2,1092,8052,7852,6202,2542,3232,428
Inventory2,1092,8052,7852,6202,2542,3232,428
Disposal group, including discontinued operation2,4871,377     
Other undisclosed current assets576518507679381369979
Total current assets:9,1788,7287,5908,3376,9416,6168,100
Noncurrent Assets
Finance lease, right-of-use asset 26
Operating lease, right-of-use asset428436
Property, plant and equipment2,9643,4963,4673,5023,4433,5653,750
Intangible assets, net (including goodwill)17,07818,09418,17418,83318,71519,49320,449
Goodwill12,90313,45613,32813,56813,20113,47913,893
Intangible assets, net (excluding goodwill)4,1754,6384,8465,2655,5146,0146,556
Deferred income tax assets426 
Other noncurrent assets1,7501,6791,5681,6989609951,002
Other undisclosed noncurrent assets 346293253360362228
Total noncurrent assets:22,64624,07723,50224,28623,47824,41525,429
TOTAL ASSETS:31,82432,80531,09232,62330,41931,03133,529
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,3382,5632,5872,6192,0972,1242,360
Accounts payable1,9872,1142,1302,1661,7181,7581,940
Employee-related liabilities351449457453379366420
Debt1,0485037535841,5666681,010
Other liabilities2,0271,7411,8141,8721,8221,8331,985
Other undisclosed current liabilities468325     
Total current liabilities:5,8815,1325,1545,0755,4854,6255,355
Noncurrent Liabilities
Long-term debt and lease obligation, including:7,0107,8196,7687,1676,7117,7818,024
Long-term debt, excluding current maturities      8,024
Finance lease, liability3021
Operating lease, liability326331
Other undisclosed long-term debt and lease obligation6,6547,4676,7687,1676,7117,781 
Liabilities, other than long-term debt3,6342,9943,0283,0913,2823,3944,311
Pension and other postretirement defined benefit plans, liabilities2,325
Deferred tax liabilities, net349538321390901
Deferred income tax liabilities277 
Liability, pension and other postretirement and postemployment benefits1,9181,7901,6251,5882,0272,026 
Other liabilities1,4391,2041,0549659349781,085
Other undisclosed noncurrent liabilities326727     
Total noncurrent liabilities:10,97011,5409,79610,2589,99311,17512,335
Total liabilities:16,85116,67214,95015,33315,47815,80017,690
Stockholders' equity
Stockholders' equity attributable to parent, including:14,93016,08216,10717,25314,89715,18615,786
Additional paid in capital12,32912,20012,09011,98711,84511,70111,605
Deferred compensation equity(2)(2)(3)(3)(3)(3)(3)
Accumulated other comprehensive loss(4,195)(4,290)(4,145)(3,404)(4,448)(3,863)(2,899)
Retained earnings6,7948,1708,1618,6697,4987,3467,078
Other undisclosed stockholders' equity attributable to parent4444555
Stockholders' equity attributable to noncontrolling interest43513537444553
Total stockholders' equity:14,97316,13316,14217,29014,94115,23115,839
TOTAL LIABILITIES AND EQUITY:31,82432,80531,09232,62330,41931,03133,529

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues17,85821,39021,60920,40419,74720,85522,552
Revenue, net20,40419,74720,85522,552
Cost of revenue(12,408)(14,338)(14,511)(13,756)(13,400)(14,292)(15,646)
Gross profit:5,4507,0527,0986,6486,3476,5636,906
Operating expenses(3,405)(4,532)(4,225)(3,571)(4,697)(4,798)(5,611)
Other undisclosed operating income      2,017
Operating income:2,0452,5202,8733,0771,6501,7653,312
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(150)(36)43810735183
Interest and debt expense(149)(236)     
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 343(453)253370345(1,734)
Income from continuing operations before income taxes:1,7462,5912,4243,3682,1272,1451,761
Income tax expense (benefit)(331)(378)(278)(382)(202)(164)42
Net income:1,4152,2132,1462,9861,9251,9811,803
Net loss attributable to noncontrolling interest(5)(2)(1)(1)(3)(2)(10)
Net income available to common stockholders, diluted:1,4102,2112,1452,9851,9221,9791,793

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:1,4152,2132,1462,9861,9251,9811,803
Other comprehensive income (loss)95(145)(741)1,044(585)(964)(1,339)
Comprehensive income:1,5102,0681,4054,0301,3401,017464
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(5)(2)(1)(1)(3)(2)10
Other undisclosed comprehensive loss, net of tax, attributable to parent      (20)
Comprehensive income, net of tax, attributable to parent:1,5052,0661,4044,0291,3371,015454

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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