FLIR Systems, Inc. (FLIR) financial statements (2020 and earlier)

Company profile

Business Address 27700 SW PARKWAY AVENUE
WILSONVILLE, OR 97070
State of Incorp. OR
Fiscal Year End December 31
SIC 3812 - Search, Detection, Navigation, Guidance, Aeronautical, and Nautical Systems and Instruments (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 investments285512519361473531542
Cash and cash equivalents285512519361473531542
Receivables319324347352326355287
Inventory, net of allowances, customer advances and progress billings389352372371393321345
Inventory389352372371393321345
Disposal group, including discontinued operation 267    
Other undisclosed current assets117103828096133136
Total current assets:1,1091,2931,3871,1651,2881,3391,310
Noncurrent Assets
Property, plant and equipment256247264272273247234
Long-term investments and receivables  3351414
Long-term investments  3351414
Intangible assets, net (including goodwill)1,6121,0511,078970738687730
Goodwill1,365905910801596553576
Intangible assets, net (excluding goodwill)248147168168141133154
Deferred income tax assets40
Other noncurrent assets1218960168536152
Other undisclosed noncurrent assets 1011842(5)(14)(14)
Total noncurrent assets:2,0291,4891,4231,4551,0639951,016
Other undisclosed assets    552018
TOTAL ASSETS:3,1382,7812,8102,6202,4062,3542,343
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities286232279252235217188
Accounts payable158951061141409886
Accrued liabilities41423734415239
Employee-related liabilities72817153556262
Taxes payable15146451051
Deferred revenue29
Debt12  152651515
Disposal group, including discontinued operation  40    
Deferred revenue and credits2634322829
Customer advances and deposits212634 
Other liabilities27161517685
Other undisclosed current liabilities59681517134240
Total current liabilities:413316395362585310277
Noncurrent Liabilities
Long-term debt and lease obligation64842242150294358373
Long-term debt, excluding current maturities64842242150294358373
Liabilities, other than long-term debt20516415487788893
Pension and other postretirement defined benefit plans, liabilities1112
Accounts payable and accrued liabilities5680911010  
Accrued income taxes1120
Contract with customer, liability14
Deferred tax liabilities, net   41412
Deferred income tax liabilities54
Liability, pension and other postretirement and postemployment benefits 3411  
Other liabilities96676066645249
Total noncurrent liabilities:853586575588172446466
Total liabilities:1,266902970950757756742
Stockholders' equity
Stockholders' equity attributable to parent, including:1,8711,8771,8351,6781,6501,6101,613
Accumulated other comprehensive income (loss)(166)(149)(113)(166)(125)(63)26
Retained earnings2,0212,0251,8571,8321,7731,6721,544
Other undisclosed stockholders' equity attributable to parent17191121143
Total stockholders' equity:1,8711,8771,8351,6781,6501,6101,613
Other undisclosed liabilities and equity 26(9) (11)(12)
TOTAL LIABILITIES AND EQUITY:3,1382,7812,8102,6202,4062,3542,343

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
Revenues1,8871,7761,8001,6621,5571,5311,496
Revenue, net1,8001,662   
Cost of revenue
(Cost of Goods and Services Sold)
(958)(875)(942)(895)(804)(780)(759)
Gross profit:930900859767754750737
Operating expenses(656)(582)(569)(471)(448)(491)(496)
Operating income:273319290296306259241
Nonoperating income (expense)(4)56(2)1452
Investment income, nonoperating3421111
Other nonoperating income (expense)(6)14(3)1331
Interest and debt expense(28)(16)(17)(18)(14)(15)(14)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes     (0)0
Income from continuing operations before income taxes:242307279276305250229
Income tax expense(70)(25)(172)(109)(64)(49)(52)
Net income available to common stockholders, diluted:172282107167242200177

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:172282107167242200177
Other comprehensive income (loss) (36)53(41)(62)(89)16
Comprehensive income:172247160126180111193
Other undisclosed comprehensive loss, net of tax, attributable to parent(17)      
Comprehensive income, net of tax, attributable to parent:155247160126180111193

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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