Franklin Electric Co., Inc. (FELE) financial statements (2020 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)

9/30/2019
TTM
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 investments4859671048259135
Cash and cash equivalents4859671048259135
Receivables198173171146127144115
Inventory, net of allowances, customer advances and progress billings334314312203195221192
Inventory334314312203195221192
Other current assets38343930353821
Other undisclosed current assets     810
Total current assets:618580589484438470472
Noncurrent Assets
Operating lease, right-of-use asset25
Property, plant and equipment198207216196190210209
Intangible assets, net (including goodwill)386384368334341369356
Goodwill253249237200200209207
Intangible assets, net (excluding goodwill)133135131135141160149
Disposal group, including discontinued operation, noncurrent assets    22
Deferred income tax assets9
Other noncurrent assets23321222110
Assets held-for-sale, long lived2
Other undisclosed noncurrent assets 995343
Total noncurrent assets:619602596556558606580
TOTAL ASSETS:1,2371,1821,1851,0409961,0761,052
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities100144145124112216122
Accounts payable95777964587158
Accrued liabilities 252521529562
Employee-related liabilities 403936 50 
Taxes payable5223212
Debt8111210034 3415
Other undisclosed current liabilities770(0)033(49)1
Total current liabilities:257256246158145201138
Noncurrent Liabilities
Long-term debt and lease obligation, including:9394126157188144174
Operating lease, liability16
Other undisclosed long-term debt and lease obligation7794126157188144174
Liabilities, other than long-term debt93677962648081
Pension and other postretirement defined benefit plans, liabilities42
Deferred income tax liabilities28
Liability for uncertainty in income taxes121117    
Liability, pension and other postretirement and postemployment benefits333842454759
Other liabilities20181917172140
Other undisclosed noncurrent liabilities16293140334655
Total noncurrent liabilities:203190235259285269310
Total liabilities:460446481417430470448
Temporary equity, carrying amount(0)128765
Stockholders' equity
Stockholders' equity attributable to parent775734701613558597596
Common stock5555555
Additional paid in capital267258240229216207195
Accumulated other comprehensive loss(197)(183)(149)(170)(162)(108)(55)
Retained earnings700655605550498493451
Stockholders' equity attributable to noncontrolling interest2222223
Total stockholders' equity:777736703615559599598
TOTAL LIABILITIES AND EQUITY:1,2371,1821,1851,0409961,0761,052

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,3111,2981,1259509251,048965
Revenue, net1,1259509251,048965
Cost of revenue
(Cost of Goods and Services Sold)
(880)(866)(748)(618)(627)(703)(634)
Gross profit:431432377331298344332
Operating expenses(304)(300)(270)(221)(207)(276)(235)
Other undisclosed operating income     3227
Operating income:12713210711190100124
Nonoperating income (expense)4(2)8260(2)
Foreign currency transaction gain (loss), before tax5(1)11(1)(1)(3)
Other nonoperating income (expense)(1)(1)71712
Interest and debt expense(9)(10)(10)(9)(10)(11)(11)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(0)(0)0(0)(0)(0)(0)
Income from continuing operations before equity method investments, income taxes:1221201051048690112
Other undisclosed income (loss) from continuing operations before income taxes00(0)0000
Income from continuing operations before income taxes:1221201051048690112
Income tax expense(22)(15)(26)(25)(13)(19)(29)
Net income:1001067979747183
Net income (loss) attributable to noncontrolling interest(0)0(0)(1)(1)(1)(1)
Net income attributable to parent:1001067879737082
Preferred stock dividends and other adjustments   (1)  (0)
Undistributed earnings (loss) allocated to participating securities, basic(1)(1)(1)
Other undisclosed net income (loss) available to common stockholders, basic(0)00(1)   
Net income available to common stockholders, diluted:991057877737082

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:1001067979747183
Other comprehensive income (loss)(13)(34)20(8)(54)(54)2
Comprehensive income:87729971191785
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)00(0)(0)(1)0
Other undisclosed comprehensive loss, net of tax, attributable to parent      (1)
Comprehensive income, net of tax, attributable to parent:87729971191784

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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