Franklin Electric Co., Inc. (FELE) financial statements (2021 and earlier)

Company profile

Business Address 9255 COVERDALE ROAD
FORT WAYNE, IN 46809
State of Incorp. IN
Fiscal Year End December 31
SIC 3621 - Motors and Generators (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 investments1316459671048259
Cash and cash equivalents1316459671048259
Receivables160173173171146127144
Inventory, net of allowances, customer advances and progress billings301300314312203195221
Inventory301300314312203195221
Other current assets28293439303538
Other undisclosed current assets      8
Total current assets:619567580589484438470
Noncurrent Assets
Operating lease, right-of-use asset3228
Property, plant and equipment209201207216196190210
Intangible assets, net (including goodwill)401387384368334341369
Goodwill267256249237200200209
Intangible assets, net (excluding goodwill)134131135131135141160
Disposal group, including discontinued operation, noncurrent assets     22
Deferred income tax assets99
Other noncurrent assets3233212221
Other undisclosed noncurrent assets  99534
Total noncurrent assets:653627602596556558606
TOTAL ASSETS:1,2721,1951,1821,1851,0409961,076
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities190154144145124112216
Accounts payable96837779645871
Accrued liabilities43302525215295
Employee-related liabilities4639403936 50
Taxes payable5322321
Debt32211210034 34
Other undisclosed current liabilities11100(0)033(49)
Total current liabilities:204186256246158145201
Noncurrent Liabilities
Long-term debt and lease obligation, including:929394126157188144
Operating lease, liability2118
Other undisclosed long-term debt and lease obligation717594126157188144
Liabilities, other than long-term debt1061006779626480
Deferred income tax liabilities2628
Liability for uncertainty in income taxes12121117   
Liability, pension and other postretirement and postemployment benefits44383842454759
Other liabilities24221819171721
Other undisclosed noncurrent liabilities21182931403346
Total noncurrent liabilities:219211190235259285269
Total liabilities:423396446481417430470
Temporary equity, carrying amount(0)(0)12876
Stockholders' equity
Stockholders' equity attributable to parent848797734701613558597
Common stock5555555
Additional paid in capital283270258240229216207
Accumulated other comprehensive loss(205)(190)(183)(149)(170)(162)(108)
Retained earnings765712655605550498493
Stockholders' equity attributable to noncontrolling interest2222222
Total stockholders' equity:850799736703615559599
TOTAL LIABILITIES AND EQUITY:1,2721,1951,1821,1851,0409961,076

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
Revenues1,2471,3151,2981,1259509251,048
Revenue, net1,1259509251,048
Cost of revenue
(Cost of Goods and Services Sold)
(814)(886)(866)(748)(618)(627)(703)
Gross profit:433428432377331298344
Operating expenses(303)(301)(300)(270)(221)(207)(276)
Other undisclosed operating income      32
Operating income:13112713210711190100
Nonoperating income (expense)(2)(2)(2)8260
Foreign currency transaction gain (loss), before tax(1)(2)(1)11(1)(1)
Other nonoperating income (expense)(1)(0)(1)7171
Interest and debt expense(5)(8)(10)(10)(9)(10)(11)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes0(0)(0)0(0)(0)(0)
Income from continuing operations before equity method investments, income taxes:1241171201051048690
Other undisclosed income (loss) from continuing operations before income taxes(0)00(0)000
Income from continuing operations before income taxes:1241171201051048690
Income tax expense(23)(21)(15)(26)(25)(13)(19)
Net income:1019610679797471
Net income (loss) attributable to noncontrolling interest(1)(1)0(0)(1)(1)(1)
Net income attributable to parent:1009510678797370
Preferred stock dividends and other adjustments    (1)  
Undistributed earnings (loss) allocated to participating securities, basic(1)(1)(1)(1)
Other undisclosed net income (loss) available to common stockholders, basic0000(1)  
Net income available to common stockholders, diluted:1009510578777370

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:1019610679797471
Other comprehensive income (loss)(14)(7)(34)20(8)(54)(54)
Comprehensive income:87897299711917
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)(1)00(0)(0)(1)
Comprehensive income, net of tax, attributable to parent:86887299711917

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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