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)

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 investments6459671048259135
Cash and cash equivalents6459671048259135
Receivables173173171146127144115
Inventory, net of allowances, customer advances and progress billings300314312203195221192
Inventory300314312203195221192
Other current assets29343930353821
Other undisclosed current assets     810
Total current assets:567580589484438470472
Noncurrent Assets
Operating lease, right-of-use asset28
Property, plant and equipment201207216196190210209
Intangible assets, net (including goodwill)387384368334341369356
Goodwill256249237200200209207
Intangible assets, net (excluding goodwill)131135131135141160149
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:627602596556558606580
TOTAL ASSETS:1,1951,1821,1851,0409961,0761,052
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities154144145124112216122
Accounts payable83777964587158
Accrued liabilities30252521529562
Employee-related liabilities39403936 50 
Taxes payable3223212
Debt2211210034 3415
Other undisclosed current liabilities100(0)033(49)1
Total current liabilities:186256246158145201138
Noncurrent Liabilities
Long-term debt and lease obligation, including:9394126157188144174
Operating lease, liability18
Other undisclosed long-term debt and lease obligation7594126157188144174
Liabilities, other than long-term debt100677962648081
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 benefits383842454759
Other liabilities22181917172140
Other undisclosed noncurrent liabilities18293140334655
Total noncurrent liabilities:211190235259285269310
Total liabilities:396446481417430470448
Temporary equity, carrying amount(0)128765
Stockholders' equity
Stockholders' equity attributable to parent797734701613558597596
Common stock5555555
Additional paid in capital270258240229216207195
Accumulated other comprehensive loss(190)(183)(149)(170)(162)(108)(55)
Retained earnings712655605550498493451
Stockholders' equity attributable to noncontrolling interest2222223
Total stockholders' equity:799736703615559599598
TOTAL LIABILITIES AND EQUITY:1,1951,1821,1851,0409961,0761,052

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
Revenues1,3151,2981,1259509251,048965
Revenue, net1,1259509251,048965
Cost of revenue
(Cost of Goods and Services Sold)
(886)(866)(748)(618)(627)(703)(634)
Gross profit:428432377331298344332
Operating expenses(301)(300)(270)(221)(207)(276)(235)
Other undisclosed operating income     3227
Operating income:12713210711190100124
Nonoperating income (expense)(2)(2)8260(2)
Foreign currency transaction gain (loss), before tax(2)(1)11(1)(1)(3)
Other nonoperating income (expense)(0)(1)71712
Interest and debt expense(8)(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:1171201051048690112
Other undisclosed income (loss) from continuing operations before income taxes00(0)0000
Income from continuing operations before income taxes:1171201051048690112
Income tax expense(21)(15)(26)(25)(13)(19)(29)
Net income:961067979747183
Net income (loss) attributable to noncontrolling interest(1)0(0)(1)(1)(1)(1)
Net income attributable to parent:951067879737082
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, basic000(1)   
Net income available to common stockholders, diluted:951057877737082

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:961067979747183
Other comprehensive income (loss)(7)(34)20(8)(54)(54)2
Comprehensive income:89729971191785
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)00(0)(0)(1)0
Other undisclosed comprehensive loss, net of tax, attributable to parent      (1)
Comprehensive income, net of tax, attributable to parent:88729971191784

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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