Ferro Corporation (FOE) financial statements (2022 and earlier)

Company profile

Business Address 6060 PARKLAND BLVD
MAYFIELD HEIGHTS, OH 44124
State of Incorp. OH
Fiscal Year End December 31
SIC 2851 - Paints, Varnishes, Lacquers, Enamels, and Allied Products (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7117496104644658
Cash and cash equivalents7117496104644658
Receivables192209205398422298266
Inventory, net of allowances, customer advances and progress billings263260265357324230185
Inventory263260265357324230185
Disposal group, including discontinued operation 308295   16
Other undisclosed current assets1318222416928
Total current assets:540970883883826582553
Noncurrent Assets
Finance lease, right-of-use asset111
Operating lease, right-of-use asset131522
Property, plant and equipment322315300381322262260
Long-term investments and receivables678881516
Long-term investments678881516
Intangible assets, net (including goodwill)279295300401383286252
Goodwill172175172216195148146
Intangible assets, net (excluding goodwill)107120128185188138107
Regulated entity, other noncurrent assets1445745
Disposal group, including discontinued operation, noncurrent assets 169159   23
Deferred income tax assets98  
Other undisclosed noncurrent assets30184158133137135116
Total noncurrent assets:750991951929856702672
TOTAL ASSETS:1,2901,9611,8351,8121,6821,2841,225
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities168162166297260164149
Accounts payable137135139257212128120
Employee-related liabilities31272740483629
Debt9991025177
Disposal group, including discontinued operation 108133   7
Other liabilities1271257478706555
Total current liabilities:304404382385355246218
Noncurrent Liabilities
Long-term debt and lease obligation, including:251792799811726557466
Finance lease, liability222
Capital lease obligations3434
Operating lease, liability91015
Other undisclosed long-term debt and lease obligation241779782808722554462
Liabilities, other than long-term debt178315283231244226217
Deferred income tax liabilities  15
Liability, pension and other postretirement and postemployment benefits133182174173167163148
Disposal group, including discontinued operation, liabilities 7137   1
Other liabilities44625758776367
Other undisclosed noncurrent liabilities9100    
Total noncurrent liabilities:4381,1161,0831,042970783683
Total liabilities:7421,5201,4641,4271,3261,029901
Stockholders' equity
Stockholders' equity attributable to parent538430360377345247316
Common stock93939393939393
Treasury stock, value(146)(172)(180)(166)(147)(161)(166)
Additional paid in capital279294295298302307315
Accumulated other comprehensive loss(142)(90)(109)(105)(75)(107)(61)
Retained earnings454305262256172115136
Stockholders' equity attributable to noncontrolling interest10111091288
Total stockholders' equity:548441370386357255324
TOTAL LIABILITIES AND EQUITY:1,2901,9611,8351,8121,6821,2841,225

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,1269591,0181,6121,3971,1451,075
Revenue, net1,3971,1451,075
Cost of revenue
(Cost of Goods and Services Sold)
(782)(665)(710)(1,156)(981)(794)(774)
Gross profit:345294309456416351302
Operating expenses(218)(202)(213)(279)(255)(243)(218)
Operating income:127919617716110884
Nonoperating expense(4)(2)(4)(4)(4)(8)(4)
Investment income, nonoperating1254350
Foreign currency transaction loss, before tax(5)(4)(9)(8)(7)(13)(4)
Interest and debt expense(30)(22)(24)(37)(32)(22)(15)
Income from continuing operations before equity method investments, income taxes:9268671361267864
Income (loss) from equity method investments   0(0)  
Other undisclosed income (loss) from continuing operations before income taxes20(23)(24)(32)(15)(16)(10)
Income from continuing operations before income taxes:11345441041116255
Income tax expense (benefit)(39)(15)(8)(23)(53)(18)45
Income from continuing operations:733035815845100
Income (loss) from discontinued operations7714(28)  (64)(37)
Net income (loss):1514478158(20)63
Net income (loss) attributable to noncontrolling interest(2)(1)(1)(1)(1)(1)1
Net income (loss) available to common stockholders, diluted:1494368057(21)64

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):1514478158(20)63
Other comprehensive income (loss)(52)20(4)(30)32(46)(41)
Comprehensive income (loss):986435189(66)22
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)(1)(1)(0)(1)(1)2
Comprehensive income (loss), net of tax, attributable to parent:976225088(66)25

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: