Forterra, Inc. (FRTA) financial statements (2021 and earlier)

Company profile

Business Address 511 E. JOHN CARPENTER FREEWAY
IRVING, TX 75062
State of Incorp.
Fiscal Year End December 31
SIC 3272 - Concrete Products, Except Block and Brick (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
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments263536105 
Cash and cash equivalents263536105 
Receivables228206198193 
Inventory, net of allowances, customer advances and progress billings223238285237 
Inventory223238285237 
Prepaid expense81175 
Disposal group, including discontinued operation   120
Other current assets291827 
Total current assets:4874995445790
Noncurrent Assets
Finance lease, right-of-use asset5150
Operating lease, right-of-use asset5460
Property, plant and equipment  492413 
Long-term investments and receivables48505154 
Long-term investments48505154 
Intangible assets, net (including goodwill)611652692721 
Goodwill509509508496 
Intangible assets, net (excluding goodwill)101143184225 
Disposal group, including discontinued operation, noncurrent assets   25 
Other noncurrent assets541419 
Other undisclosed noncurrent assets400426   
Total noncurrent assets:1,1691,2411,2491,233 
TOTAL ASSETS:1,6561,7401,7931,8110
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities250191185109 
Accounts payable134102115109 
Accrued liabilities1168970  
Deferred revenue810
Debt13131313 
Disposal group, including discontinued operation   5 
Deferred revenue and credits9 
Contract with customer, liability9
Other undisclosed current liabilities81315107 
Total current liabilities:279226222242 
Noncurrent Liabilities
Long-term debt and lease obligation1,0811,2781,3111,181 
Long-term debt, excluding current maturities8881,0861,1761,181 
Finance lease, liability142137
Capital lease obligations135  
Operating lease, liability5154
Liabilities, other than long-term debt4852249810
Deferred revenue and credits 1
Accounts payable and accrued liabilities    1
Deferred tax liabilities, net 67 
Deferred income tax liabilities1029
Accrued environmental loss contingencies22222
Other liabilities372223296
Other undisclosed noncurrent liabilities5463128157 
Total noncurrent liabilities:1,1831,3931,4631,43710
Total liabilities:1,4621,6191,6851,67910
Stockholders' equity
Stockholders' equity attributable to parent194121108132 
Common stock0000 
Additional paid in capital253244235230 
Accumulated other comprehensive loss(7)(7)(11)(5) 
Accumulated deficit(52)(116)(116)(92) 
Total stockholders' equity:194121108132 
TOTAL LIABILITIES AND EQUITY:1,6561,7401,7931,81110

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2015
Revenues1,5951,5301,480  
Cost of revenue
(Cost of Goods and Services Sold)
(1,218)(1,233)(1,234)(132) 
Gross profit:377296246(132) 
Operating expenses(223)(222)(206)(59) 
Other operating income, net 15  
Operating income (loss):1547645(191) 
Nonoperating income  6  
Interest and debt expense(92)(93)(78)(84) 
Income (loss) from continuing operations before equity method investments, income taxes:62(18)(27)(276) 
Income from equity method investments111010  
Other undisclosed loss from continuing operations before income taxes (4)(4)  
Income (loss) from continuing operations before income taxes:73(11)(21)(276) 
Income tax expense (benefit)(8)3(3)  
Net income (loss) available to common stockholders, basic:64(7)(24)(276) 
Dilutive securities, effect on basic earnings per share(0)    
Net income (loss) available to common stockholders, diluted:64(7)(24)(276) 

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2015
Net income (loss):64(7)(24)(276) 
Comprehensive income (loss):64(7)(24)(276) 
Other undisclosed comprehensive income (loss), net of tax, attributable to parent04(5)  
Comprehensive income (loss), net of tax, attributable to parent:65(4)(29)(276) 

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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