Eaton Corporation, PLC (ETN) financial statements (2020 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)

12/31/2019
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 investments5914401,0957464451,0261,709
Cash and cash equivalents370283561543268781915
Short-term investments221157534203177245794
Receivables3,4373,8583,9433,5603,4793,6673,648
Inventory, net of allowances, customer advances and progress billings2,8052,7852,6202,2542,3232,4282,382
Inventory2,8052,7852,6202,2542,3232,4282,382
Disposal group, including discontinued operation1,377      
Other undisclosed current assets518507679381369979992
Total current assets:8,7287,5908,3376,9416,6168,1008,731
Noncurrent Assets
Finance lease, right-of-use asset26
Operating lease, right-of-use asset436
Property, plant and equipment3,4963,4673,5023,4433,5653,7503,833
Intangible assets, net (including goodwill)18,09418,17418,83318,71519,49320,44921,681
Goodwill13,45613,32813,56813,20113,47913,89314,495
Intangible assets, net (excluding goodwill)4,6384,8465,2655,5146,0146,5567,186
Other noncurrent assets1,6791,5681,6989609951,0021,006
Other undisclosed noncurrent assets346293253360362228240
Total noncurrent assets:24,07723,50224,28623,47824,41525,42926,760
TOTAL ASSETS:32,80531,09232,62330,41931,03133,52935,491
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,5632,5872,6192,0972,1242,3602,421
Accounts payable2,1142,1302,1661,7181,7581,9401,960
Employee-related liabilities449457453379366420461
Debt5037535841,5666681,010580
Other liabilities1,7411,8141,8721,8221,8331,9851,913
Other undisclosed current liabilities325      
Total current liabilities:5,1325,1545,0755,4854,6255,3554,914
Noncurrent Liabilities
Long-term debt and lease obligation, including:7,8196,7687,1676,7117,7818,0248,969
Long-term debt, excluding current maturities     8,0248,969
Finance lease, liability21
Operating lease, liability331
Other undisclosed long-term debt and lease obligation7,4676,7687,1676,7117,781  
Liabilities, other than long-term debt2,9943,0283,0913,2823,3944,3114,745
Pension and other postretirement defined benefit plans, liabilities2,3252,133
Deferred tax liabilities, net3495383213909011,313
Liability, pension and other postretirement and postemployment benefits1,7901,6251,5882,0272,026 
Other liabilities1,2041,0549659349781,0851,299
Other undisclosed noncurrent liabilities727      
Total noncurrent liabilities:11,5409,79610,2589,99311,17512,33513,714
Total liabilities:16,67214,95015,33315,47815,80017,69018,628
Stockholders' equity
Stockholders' equity attributable to parent, including:16,08216,10717,25314,89715,18615,78616,791
Additional paid in capital12,20012,09011,98711,84511,70111,60511,483
Deferred compensation equity(2)(3)(3)(3)(3)(3)(3)
Accumulated other comprehensive loss(4,290)(4,145)(3,404)(4,448)(3,863)(2,899)(1,560)
Retained earnings8,1708,1618,6697,4987,3467,0786,866
Other undisclosed stockholders' equity attributable to parent4445555
Stockholders' equity attributable to noncontrolling interest51353744455372
Total stockholders' equity:16,13316,14217,29014,94115,23115,83916,863
TOTAL LIABILITIES AND EQUITY:32,80531,09232,62330,41931,03133,52935,491

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
Revenues21,39021,60920,40419,74720,85522,55222,046
Revenue, net20,40419,74720,85522,55222,046
Cost of revenue(14,338)(14,511)(13,756)(13,400)(14,292)(15,646)(15,369)
Gross profit:7,0527,0986,6486,3476,5636,9066,677
Operating expenses(4,532)(4,225)(3,571)(4,697)(4,798)(5,611)(5,165)
Other undisclosed operating income     2,0171,666
Operating income:2,5202,8733,0771,6501,7653,3123,178
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(36)438107351838
Interest and debt expense(236)      
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes343(453)253370345(1,734)(1,302)
Income from continuing operations before income taxes:2,5912,4243,3682,1272,1451,7611,884
Income tax expense (benefit)(378)(278)(382)(202)(164)42(11)
Net income:2,2132,1462,9861,9251,9811,8031,873
Net loss attributable to noncontrolling interest(2)(1)(1)(3)(2)(10)(12)
Net income available to common stockholders, diluted:2,2112,1452,9851,9221,9791,7931,861

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:2,2132,1462,9861,9251,9811,8031,873
Other comprehensive income (loss)(145)(741)1,044(585)(964)(1,339)404
Comprehensive income:2,0681,4054,0301,3401,0174642,277
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)(1)(1)(3)(2)1012
Other undisclosed comprehensive loss, net of tax, attributable to parent     (20)(24)
Comprehensive income, net of tax, attributable to parent:2,0661,4044,0291,3371,0154542,265

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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