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)

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 10464465814128
Cash and cash equivalents 10464465814128
Receivables411398422298266262288
Inventory, net of allowances, customer advances and progress billings358357324230185158190
Inventory358357324230185158190
Disposal group, including discontinued operation    1627 
Other undisclosed current assets7524169282549
Total current assets:844883826582553614555
Noncurrent Assets
Finance lease, right-of-use asset2
Operating lease, right-of-use asset23
Property, plant and equipment383381322262260213297
Long-term investments and receivables 8815161817
Long-term investments 8815161817
Intangible assets, net (including goodwill)37440138328625215166
Goodwill2042161951481469463
Intangible assets, net (excluding goodwill)170185188138107572
Regulated entity, other noncurrent assets 57453 
Disposal group, including discontinued operation, noncurrent assets    2319
Other undisclosed noncurrent assets1571331371351168073
Total noncurrent assets:939929856702672483453
TOTAL ASSETS:1,7831,8121,6821,2841,2251,0971,008
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities213297260164149176199
Accounts payable178257212128120129154
Employee-related liabilities35404836293645
Taxes payable     111
Debt181025177844
Disposal group, including discontinued operation    710 
Deferred tax liabilities    12
Other liabilities91787065555371
Other undisclosed current liabilities     (12)(3)
Total current liabilities:323385355246218237314
Noncurrent Liabilities
Long-term debt and lease obligation, including:843811726557466304267
Long-term debt, excluding current maturities828      
Capital lease obligations343445
Operating lease, liability15
Other undisclosed long-term debt and lease obligation 808722554462299262
Liabilities, other than long-term debt231231244226217237156
Pension and other postretirement defined benefit plans, liabilities121
Deferred tax liabilities, net    162
Liability, pension and other postretirement and postemployment benefits168173167163148168
Disposal group, including discontinued operation, liabilities    12 
Other liabilities62587763675033
Other undisclosed noncurrent liabilities     (16)(2)
Total noncurrent liabilities:1,0731,042970783683524421
Total liabilities:1,3961,4271,3261,029901761734
Stockholders' equity
Stockholders' equity attributable to parent378377345247316324262
Common stock93939393939393
Treasury stock, value(181)(166)(147)(161)(166)(136)(144)
Additional paid in capital294298302307315317318
Accumulated other comprehensive income (loss)(122)(105)(75)(107)(61)(22)8
Retained earnings (accumulated deficit)29325617211513671(15)
Stockholders' equity attributable to noncontrolling interest9912881212
Total stockholders' equity:387386357255324336274
TOTAL LIABILITIES AND EQUITY:1,7831,8121,6821,2841,2251,0971,008

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
Revenues1,5431,6121,3971,1451,0751,1121,635
Revenue, net1,3971,1451,0751,1121,635
Cost of revenue(1,127)(1,156)(981)(794)(774)(836)(1,311)
Cost of goods and services sold(1,127)(1,156)(981)(794)(774)(827)(1,306)
Other undisclosed gross profit     96
Gross profit:416456416351302285330
Operating expenses(283)(279)(255)(243)(218)(326)(249)
Other undisclosed operating income      255
Operating income (loss):13317716110884(41)335
Nonoperating income (expense)(3)(4)(4)(8)(4)120
Investment income, nonoperating44350324
Foreign currency transaction loss, before tax(7)(8)(7)(13)(4)(1)(4)
Interest and debt expense(34)(37)(32)(22)(15)(31)(27)
Income (loss) from continuing operations before equity method investments, income taxes:951361267864(70)328
Income (loss) from equity method investments 0(0)  10
Other undisclosed income (loss) from continuing operations before income taxes(39)(32)(15)(16)(10)26(232)
Income (loss) from continuing operations before income taxes:571041116255(43)96
Income tax expense (benefit)(7)(23)(53)(18)4534(15)
Income (loss) from continuing operations:50815845100(9)81
Income (loss) from discontinued operations   (64)(37)95(8)
Net income (loss):508158(20)638672
Net income (loss) attributable to noncontrolling interest(1)(1)(1)(1)1(0)(1)
Net income (loss) available to common stockholders, diluted:488057(21)648672

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 (loss):508158(20)638672
Other comprehensive income (loss)(21)(30)32(46)(41)(30)(8)
Comprehensive income (loss):295189(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:285088(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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