Forterra, Inc. (FRTA) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments57263536105 
Cash and cash equivalents57263536105 
Receivables294228206198193 
Inventory, net of allowances, customer advances and progress billings264223238285237 
Inventory264223238285237 
Prepaid expense1181175 
Disposal group, including discontinued operation    120
Other current assets3291827 
Total current assets:6284874995445790
Noncurrent Assets
Finance lease, right-of-use asset495150
Operating lease, right-of-use asset535460
Property, plant and equipment   492413 
Long-term investments and receivables4948505154 
Long-term investments4948505154 
Intangible assets, net (including goodwill)579611652692721 
Goodwill510509509508496 
Intangible assets, net (excluding goodwill)69101143184225 
Disposal group, including discontinued operation, noncurrent assets    25 
Deferred income tax assets2  
Other noncurrent assets4541419 
Other undisclosed noncurrent assets409400426   
Total noncurrent assets:1,1461,1691,2411,2491,233 
TOTAL ASSETS:1,7741,6561,7401,7931,8110
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities261250191185109 
Accounts payable145134102115109 
Accrued liabilities1171168970  
Deferred revenue11810
Debt1313131313 
Disposal group, including discontinued operation    5 
Deferred revenue and credits9 
Contract with customer, liability9
Other undisclosed current liabilities881315107 
Total current liabilities:292279226222242 
Noncurrent Liabilities
Long-term debt and lease obligation1,0721,0811,2781,3111,181 
Long-term debt, excluding current maturities8798881,0861,1761,181 
Finance lease, liability143142137
Capital lease obligations135  
Operating lease, liability505154
Liabilities, other than long-term debt444852249810
Deferred revenue and credits 1
Accounts payable and accrued liabilities     1
Deferred tax liabilities, net 67 
Deferred income tax liabilities151029
Accrued environmental loss contingencies122222
Other liabilities27372223296
Other undisclosed noncurrent liabilities475463128157 
Total noncurrent liabilities:1,1631,1831,3931,4631,43710
Total liabilities:1,4551,4621,6191,6851,67910
Stockholders' equity
Stockholders' equity attributable to parent319194121108132 
Common stock00000 
Additional paid in capital262253244235230 
Accumulated other comprehensive loss(7)(7)(7)(11)(5) 
Retained earnings (accumulated deficit)64(52)(116)(116)(92) 
Total stockholders' equity:319194121108132 
TOTAL LIABILITIES AND EQUITY:1,7741,6561,7401,7931,81110

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2015
Revenues1,8581,5951,5301,480  
Cost of revenue
(Cost of Goods and Services Sold)
(1,438)(1,218)(1,233)(1,234)(132) 
Gross profit:420377296246(132) 
Operating expenses(203)(223)(222)(206)(59) 
Other operating income, net  15  
Operating income (loss):2171547645(191) 
Nonoperating income   6  
Interest and debt expense(75)(92)(93)(78)(84) 
Income (loss) from continuing operations before equity method investments, income taxes:14262(18)(27)(276) 
Income from equity method investments13111010  
Other undisclosed loss from continuing operations before income taxes  (4)(4)  
Income (loss) from continuing operations before income taxes:15573(11)(21)(276) 
Income tax expense (benefit)(39)(8)3(3)  
Net income (loss) available to common stockholders, basic:11664(7)(24)(276) 
Dilutive securities, effect on basic earnings per share (0)    
Net income (loss) available to common stockholders, diluted:11664(7)(24)(276) 

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2015
Net income (loss):11664(7)(24)(276) 
Comprehensive income (loss):11664(7)(24)(276) 
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)04(5)  
Comprehensive income (loss), net of tax, attributable to parent:11665(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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