Fortune Brands Home & Security, Inc. (FBHS) financial statements (2022 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)

12/31/2021
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 investments472419388263323252239
Cash and cash equivalents472419388263323252239
Receivables886735625572555551503
Inventory, net of allowances, customer advances and progress billings1,194867719679581531556
Inventory1,194867719679581531556
Other current assets194187167173143112122
Total current assets:2,7452,2091,8981,6861,6021,4451,419
Noncurrent Assets
Operating lease, right-of-use asset192170 
Property, plant and equipment1,010917824813740663628
Intangible assets, net (including goodwill)3,8493,8153,2593,3273,0742,9412,752
Goodwill2,4652,3952,0902,0801,9121,8341,755
Intangible assets, net (excluding goodwill)1,3841,4201,1691,2471,1621,107997
Other noncurrent assets142248144138958080
Other undisclosed noncurrent assets  166    
Total noncurrent assets:5,1925,1504,3934,2793,9103,6833,460
TOTAL ASSETS:7,9367,3596,2915,9655,5115,1294,879
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities765621460459429394344
Accounts payable765621460459429394344
Debt400 400525  1
Other liabilities806725550508478449413
Total current liabilities:1,9711,3451,4091,492907843758
Noncurrent Liabilities
Long-term debt and lease obligation2,4692,7131,9241,8091,5081,4311,172
Long-term debt, excluding current maturities2,3102,5721,7851,8091,5081,4311,172
Operating lease, liability159141140
Liabilities, other than long-term debt432525373484496492495
Deferred tax liabilities, net163167164202
Deferred income tax liabilities176161 
Liability, pension and other postretirement and postemployment benefits80160201163176216218
Other liabilities17620517115815311275
Other undisclosed noncurrent liabilities  157    
Total noncurrent liabilities:2,9003,2382,4542,2932,0041,9231,667
Total liabilities:4,8714,5833,8643,7852,9102,7662,425
Stockholders' equity
Stockholders' equity attributable to parent3,0652,7762,4272,1782,6002,3622,451
Common stock2222222
Treasury stock, value(2,739)(2,278)(2,079)(1,971)(1,262)(1,037)(602)
Additional paid in capital3,0182,9262,8142,7662,7252,6542,602
Accumulated other comprehensive loss(25)(55)(73)(67)(39)(72)(53)
Retained earnings2,8082,1801,7631,4481,174815502
Stockholders' equity attributable to noncontrolling interest  12223
Total stockholders' equity:3,0652,7762,4282,1802,6012,3632,454
TOTAL LIABILITIES AND EQUITY:7,9367,3596,2915,9655,5115,1294,879

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
Revenues7,6566,0905,7655,4855,2834,9854,579
Revenue, net5,2834,9854,579
Cost of revenue
(Cost of Goods and Services Sold)
(4,909)(3,926)(3,712)(3,526)(3,351)(3,180)(2,998)
Gross profit:2,7472,1642,0521,9591,9331,8051,582
Operating expenses(1,657)(1,363)(1,354)(1,364)(1,240)(1,172)(1,086)
Operating income:1,090801699595692633496
Nonoperating income (expense)(6)13(29)16(8)(2)(4)
Investment income, nonoperating(5)      
Other nonoperating income (expense)(1)13(29)16(8)(2)(4)
Interest and debt expense(84)(84)(94)(75)(49)(49)(32)
Other undisclosed income from continuing operations before equity method investments, income taxes5      
Income from continuing operations before equity method investments, income taxes:1,005731575537635582460
Loss from equity method investments (8)     
Other undisclosed income from continuing operations before income taxes 8     
Income from continuing operations before income taxes:1,005731575537635582460
Income tax expense(233)(169)(144)(147)(160)(170)(153)
Other undisclosed loss from continuing operations (8)     
Income from continuing operations:772554431390475412307
Income (loss) from discontinued operations   (0)(3)19
Net income:772554431390473413316
Net income (loss) attributable to noncontrolling interest (1)1(0)(0) (1)
Net income available to common stockholders, diluted:772553432390473413315

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:772554431390473413316
Other comprehensive income (loss)31183(28)33(19)(46)
Comprehensive income:803572434362505394270
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (1)1(0)(0) (1)
Other undisclosed comprehensive income, net of tax, attributable to parent    0  
Comprehensive income, net of tax, attributable to parent:803571435362505394269

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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