Ferro Corporation (FOE) financial statements (2020 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)

12/31/2019
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 investments9610464465814128
Cash and cash equivalents9610464465814128
Receivables205398422298266262288
Inventory, net of allowances, customer advances and progress billings265357324230185158190
Inventory265357324230185158190
Disposal group, including discontinued operation295   1627 
Other undisclosed current assets2224169282549
Total current assets:883883826582553614555
Noncurrent Assets
Finance lease, right-of-use asset1
Operating lease, right-of-use asset22
Property, plant and equipment300381322262260213297
Long-term investments and receivables88815161817
Long-term investments88815161817
Intangible assets, net (including goodwill)30040138328625215166
Goodwill1722161951481469463
Intangible assets, net (excluding goodwill)128185188138107572
Regulated entity, other noncurrent assets457453 
Disposal group, including discontinued operation, noncurrent assets159   2319
Other undisclosed noncurrent assets1581331371351168073
Total noncurrent assets:951929856702672483453
TOTAL ASSETS:1,8351,8121,6821,2841,2251,0971,008
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities166297260164149176199
Accounts payable139257212128120129154
Employee-related liabilities27404836293645
Taxes payable     111
Debt91025177844
Disposal group, including discontinued operation133   710 
Deferred tax liabilities    12
Other liabilities74787065555371
Other undisclosed current liabilities     (12)(3)
Total current liabilities:382385355246218237314
Noncurrent Liabilities
Long-term debt and lease obligation, including:799811726557466304267
Finance lease, liability2
Capital lease obligations343445
Operating lease, liability15
Other undisclosed long-term debt and lease obligation782808722554462299262
Liabilities, other than long-term debt283231244226217237156
Pension and other postretirement defined benefit plans, liabilities121
Deferred tax liabilities, net    162
Deferred income tax liabilities15
Liability, pension and other postretirement and postemployment benefits174173167163148168
Disposal group, including discontinued operation, liabilities37   12 
Other liabilities57587763675033
Other undisclosed noncurrent liabilities0    (16)(2)
Total noncurrent liabilities:1,0831,042970783683524421
Total liabilities:1,4641,4271,3261,029901761734
Stockholders' equity
Stockholders' equity attributable to parent360377345247316324262
Common stock93939393939393
Treasury stock, value(180)(166)(147)(161)(166)(136)(144)
Additional paid in capital295298302307315317318
Accumulated other comprehensive income (loss)(109)(105)(75)(107)(61)(22)8
Retained earnings (accumulated deficit)26225617211513671(15)
Stockholders' equity attributable to noncontrolling interest10912881212
Total stockholders' equity:370386357255324336274
TOTAL LIABILITIES AND EQUITY:1,8351,8121,6821,2841,2251,0971,008

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
Revenues1,0181,6121,3971,1451,0751,1121,635
Revenue, net1,3971,1451,0751,1121,635
Cost of revenue(710)(1,156)(981)(794)(774)(836)(1,311)
Cost of goods and services sold(710)(1,156)(981)(794)(774)(827)(1,306)
Other undisclosed gross profit     96
Gross profit:309456416351302285330
Operating expenses(213)(279)(255)(243)(218)(326)(249)
Other undisclosed operating income      255
Operating income (loss):9617716110884(41)335
Nonoperating income (expense)(4)(4)(4)(8)(4)120
Investment income, nonoperating54350324
Foreign currency transaction loss, before tax(9)(8)(7)(13)(4)(1)(4)
Interest and debt expense(24)(37)(32)(22)(15)(31)(27)
Income (loss) from continuing operations before equity method investments, income taxes:671361267864(70)328
Income (loss) from equity method investments 0(0)  10
Other undisclosed income (loss) from continuing operations before income taxes(24)(32)(15)(16)(10)26(232)
Income (loss) from continuing operations before income taxes:441041116255(43)96
Income tax expense (benefit)(8)(23)(53)(18)4534(15)
Income (loss) from continuing operations:35815845100(9)81
Income (loss) from discontinued operations(28)  (64)(37)95(8)
Net income (loss):78158(20)638672
Net income (loss) attributable to noncontrolling interest(1)(1)(1)(1)1(0)(1)
Net income (loss) available to common stockholders, diluted:68057(21)648672

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 (loss):78158(20)638672
Other comprehensive income (loss)(4)(30)32(46)(41)(30)(8)
Comprehensive income (loss):35189(66)225664
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)(0)(1)(1)201
Other undisclosed comprehensive loss, net of tax, attributable to parent      (1)
Comprehensive income (loss), net of tax, attributable to parent:25088(66)255664

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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