Fortune Brands Home & Security, Inc. (FBHS) financial statements (2021 and earlier)

Company profile

Business Address 520 LAKE COOK ROAD
DEERFIELD, IL 60015
State of Incorp. DE
Fiscal Year End December 31
SIC 243 - Millwork, Veneer, Plywood, And Structural Wood (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 investments419388263323252239192
Cash and cash equivalents419388263323252239192
Receivables735625572555551503459
Inventory, net of allowances, customer advances and progress billings867719679581531556462
Inventory867719679581531556462
Disposal group, including discontinued operation      63
Other current assets187167173143112122123
Total current assets:2,2091,8981,6861,6021,4451,4191,299
Noncurrent Assets
Operating lease, right-of-use asset170 
Property, plant and equipment917824813740663628540
Intangible assets, net (including goodwill)3,8153,2593,3273,0742,9412,7522,124
Goodwill2,3952,0902,0801,9121,8341,7551,468
Intangible assets, net (excluding goodwill)1,4201,1691,2471,1621,107997657
Disposal group, including discontinued operation, noncurrent assets      17
Other noncurrent assets24814413895808072
Other undisclosed noncurrent assets 166     
Total noncurrent assets:5,1504,3934,2793,9103,6833,4602,754
TOTAL ASSETS:7,3596,2915,9655,5115,1294,8794,053
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities621460459429394344726
Accounts payable621460459429394344334
Accrued liabilities      322
Employee-related liabilities      70
Debt 400525  126
Disposal group, including discontinued operation      18
Deferred tax liabilities    2
Other liabilities725550508478449413322
Other undisclosed current liabilities      (394)
Total current liabilities:1,3451,4091,492907843758700
Noncurrent Liabilities
Long-term debt and lease obligation2,7131,9241,8091,5081,4311,172644
Long-term debt, excluding current maturities2,5721,7851,8091,5081,4311,172644
Operating lease, liability141140
Liabilities, other than long-term debt525373484496492495447
Deferred tax liabilities, net163167164202151
Deferred income tax liabilities161 
Liability, pension and other postretirement and postemployment benefits160201163176216218217
Disposal group, including discontinued operation, liabilities      3
Other liabilities2051711581531127576
Other undisclosed noncurrent liabilities 157     
Total noncurrent liabilities:3,2382,4542,2932,0041,9231,6671,090
Total liabilities:4,5833,8643,7852,9102,7662,4251,790
Stockholders' equity
Stockholders' equity attributable to parent2,7762,4272,1782,6002,3622,4512,260
Common stock2222222
Treasury stock, value(2,278)(2,079)(1,971)(1,262)(1,037)(602)(532)
Additional paid in capital2,9262,8142,7662,7252,6542,6022,517
Accumulated other comprehensive loss(55)(73)(67)(39)(72)(53)(7)
Retained earnings2,1801,7631,4481,174815502280
Stockholders' equity attributable to noncontrolling interest 122234
Total stockholders' equity:2,7762,4282,1802,6012,3632,4542,263
TOTAL LIABILITIES AND EQUITY:7,3596,2915,9655,5115,1294,8794,053

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
Revenues6,0905,7655,4855,2834,9854,5794,014
Revenue, net5,2834,9854,5794,014
Cost of revenue
(Cost of Goods and Services Sold)
(3,926)(3,712)(3,526)(3,351)(3,180)(2,998)(2,647)
Gross profit:2,1642,0521,9591,9331,8051,5821,367
Operating expenses(1,363)(1,354)(1,364)(1,240)(1,172)(1,086)(1,095)
Other undisclosed operating income      132
Operating income:801699595692633496404
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
13(29)16(8)(2)(4)(1)
Interest and debt expense(84)(94)(75)(49)(49)(32)(10)
Income from continuing operations before equity method investments, income taxes:731575537635582460392
Loss from equity method investments(8)      
Other undisclosed income from continuing operations before income taxes8      
Income from continuing operations before income taxes:731575537635582460392
Income tax expense(169)(144)(147)(160)(170)(153)(118)
Other undisclosed loss from continuing operations(8)      
Income from continuing operations:554431390475412307274
Income (loss) from discontinued operations  (0)(3)19(114)
Net income:554431390473413316159
Net income (loss) attributable to noncontrolling interest(1)1(0)(0) (1)(1)
Net income available to common stockholders, diluted:553432390473413315158

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:554431390473413316159
Other comprehensive income (loss)183(28)33(19)(46)(102)
Comprehensive income:57243436250539427057
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)1(0)(0) (1)(1)
Other undisclosed comprehensive income, net of tax, attributable to parent   0   
Comprehensive income, net of tax, attributable to parent:57143536250539426956

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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