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)

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 investments 512519361473531542
Cash and cash equivalents 512519361473531542
Receivables330324347352326355287
Inventory, net of allowances, customer advances and progress billings398352372371393321345
Inventory398352372371393321345
Disposal group, including discontinued operation 267    
Other undisclosed current assets390103828096133136
Total current assets:1,1171,2931,3871,1651,2881,3391,310
Noncurrent Assets
Property, plant and equipment253247264272273247234
Long-term investments and receivables  3351414
Long-term investments  3351414
Intangible assets, net (including goodwill)1,6171,0511,078970738687730
Goodwill1,355905910801596553576
Intangible assets, net (excluding goodwill)262147168168141133154
Other noncurrent assets1098960168536152
Other undisclosed noncurrent assets1011011842(5)(14)(14)
Total noncurrent assets:2,0811,4891,4231,4551,0639951,016
Other undisclosed assets    552018
TOTAL ASSETS:3,1982,7812,8102,6202,4062,3542,343
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities261232279252235217188
Accounts payable144951061141409886
Accrued liabilities43423734415239
Employee-related liabilities73817153556262
Taxes payable 146451051
Debt12  152651515
Disposal group, including discontinued operation  40    
Deferred revenue and credits2634322829
Customer advances and deposits212634 
Other liabilities24161517685
Other undisclosed current liabilities174681517134240
Total current liabilities:470316395362585310277
Noncurrent Liabilities
Long-term debt and lease obligation64542242150294358373
Long-term debt, excluding current maturities64542242150294358373
Liabilities, other than long-term debt18116415487788893
Pension and other postretirement defined benefit plans, liabilities1112
Accounts payable and accrued liabilities6780911010  
Accrued income taxes1120
Contract with customer, liability1414
Deferred tax liabilities, net   41412
Liability, pension and other postretirement and postemployment benefits1003411  
Other liabilities 676066645249
Total noncurrent liabilities:825586575588172446466
Total liabilities:1,296902970950757756742
Stockholders' equity
Stockholders' equity attributable to parent, including:1,8701,8771,8351,6781,6501,6101,613
Accumulated other comprehensive income (loss)(174)(149)(113)(166)(125)(63)26
Retained earnings2,0422,0251,8571,8321,7731,6721,544
Other undisclosed stockholders' equity attributable to parent1191121143
Total stockholders' equity:1,8701,8771,8351,6781,6501,6101,613
Other undisclosed liabilities and equity3226(9) (11)(12)
TOTAL LIABILITIES AND EQUITY:3,1982,7812,8102,6202,4062,3542,343

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
Revenues1,8461,7761,8001,6621,5571,5311,496
Revenue, net1,8001,662   
Cost of revenue
(Cost of Goods and Services Sold)
(922)(875)(942)(895)(804)(780)(759)
Gross profit:925900859767754750737
Operating expenses(620)(582)(569)(471)(448)(491)(496)
Operating income:305319290296306259241
Nonoperating income (expense)356(2)1452
Investment income, nonoperating3421111
Other nonoperating income (expense)014(3)1331
Interest and debt expense(24)(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:284307279276305250229
Income tax expense(16)(25)(172)(109)(64)(49)(52)
Net income available to common stockholders, diluted:268282107167242200177

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:268282107167242200177
Other comprehensive income (loss)0(36)53(41)(62)(89)16
Other undisclosed comprehensive loss(36)      
Comprehensive income:233247160126180111193
Other undisclosed comprehensive income, net of tax, attributable to parent2      
Comprehensive income, net of tax, attributable to parent:235247160126180111193

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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