Ferro Corporation (FOE) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments17496104644658141
Cash and cash equivalents17496104644658141
Receivables209205398422298266262
Inventory, net of allowances, customer advances and progress billings260265357324230185158
Inventory260265357324230185158
Disposal group, including discontinued operation308295   1627
Other undisclosed current assets1822241692825
Total current assets:970883883826582553614
Noncurrent Assets
Finance lease, right-of-use asset11
Operating lease, right-of-use asset1522
Property, plant and equipment315300381322262260213
Long-term investments and receivables7888151618
Long-term investments7888151618
Intangible assets, net (including goodwill)295300401383286252151
Goodwill17517221619514814694
Intangible assets, net (excluding goodwill)12012818518813810757
Regulated entity, other noncurrent assets4457453
Disposal group, including discontinued operation, noncurrent assets169159   2319
Other undisclosed noncurrent assets18415813313713511680
Total noncurrent assets:991951929856702672483
TOTAL ASSETS:1,9611,8351,8121,6821,2841,2251,097
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities162166297260164149176
Accounts payable135139257212128120129
Employee-related liabilities27274048362936
Taxes payable      11
Debt9910251778
Disposal group, including discontinued operation108133   710
Deferred tax liabilities    1
Other liabilities125747870655553
Other undisclosed current liabilities      (12)
Total current liabilities:404382385355246218237
Noncurrent Liabilities
Long-term debt and lease obligation, including:792799811726557466304
Finance lease, liability22
Capital lease obligations34344
Operating lease, liability1015
Other undisclosed long-term debt and lease obligation779782808722554462299
Liabilities, other than long-term debt315283231244226217237
Deferred tax liabilities, net    16
Deferred income tax liabilities 15
Liability, pension and other postretirement and postemployment benefits182174173167163148168
Disposal group, including discontinued operation, liabilities7137   12
Other liabilities62575877636750
Other undisclosed noncurrent liabilities100    (16)
Total noncurrent liabilities:1,1161,0831,042970783683524
Total liabilities:1,5201,4641,4271,3261,029901761
Stockholders' equity
Stockholders' equity attributable to parent430360377345247316324
Common stock93939393939393
Treasury stock, value(172)(180)(166)(147)(161)(166)(136)
Additional paid in capital294295298302307315317
Accumulated other comprehensive loss(90)(109)(105)(75)(107)(61)(22)
Retained earnings30526225617211513671
Stockholders' equity attributable to noncontrolling interest11109128812
Total stockholders' equity:441370386357255324336
TOTAL LIABILITIES AND EQUITY:1,9611,8351,8121,6821,2841,2251,097

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues9591,0181,6121,3971,1451,0751,112
Revenue, net1,3971,1451,0751,112
Cost of revenue(665)(710)(1,156)(981)(794)(774)(836)
Cost of goods and services sold(665)(710)(1,156)(981)(794)(774)(827)
Other undisclosed gross profit      9
Gross profit:294309456416351302285
Operating expenses(202)(213)(279)(255)(243)(218)(326)
Operating income (loss):919617716110884(41)
Nonoperating income (expense)(2)(4)(4)(4)(8)(4)1
Investment income, nonoperating2543503
Foreign currency transaction loss, before tax(4)(9)(8)(7)(13)(4)(1)
Interest and debt expense(22)(24)(37)(32)(22)(15)(31)
Income (loss) from continuing operations before equity method investments, income taxes:68671361267864(70)
Income (loss) from equity method investments  0(0)  1
Other undisclosed income (loss) from continuing operations before income taxes(23)(24)(32)(15)(16)(10)26
Income (loss) from continuing operations before income taxes:45441041116255(43)
Income tax expense (benefit)(15)(8)(23)(53)(18)4534
Income (loss) from continuing operations:3035815845100(9)
Income (loss) from discontinued operations14(28)  (64)(37)95
Net income (loss):4478158(20)6386
Net income (loss) attributable to noncontrolling interest(1)(1)(1)(1)(1)1(0)
Net income (loss) available to common stockholders, diluted:4368057(21)6486

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):4478158(20)6386
Other comprehensive income (loss)20(4)(30)32(46)(41)(30)
Comprehensive income (loss):6435189(66)2256
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)(1)(0)(1)(1)20
Comprehensive income (loss), net of tax, attributable to parent:6225088(66)2556

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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