Forterra, Inc. (FRTA) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3536105 
Cash and cash equivalents3536105 
Receivables206198193 
Inventory, net of allowances, customer advances and progress billings238285237 
Inventory238285237 
Prepaid expense1175 
Disposal group, including discontinued operation  120
Other current assets91827 
Total current assets:4995445790
Noncurrent Assets
Finance lease, right-of-use asset50
Operating lease, right-of-use asset60
Property, plant and equipment 492413 
Long-term investments and receivables505154 
Long-term investments505154 
Intangible assets, net (including goodwill)652692721 
Goodwill509508496 
Intangible assets, net (excluding goodwill)143184225 
Disposal group, including discontinued operation, noncurrent assets  25 
Other noncurrent assets41419 
Other undisclosed noncurrent assets426   
Total noncurrent assets:1,2411,2491,233 
TOTAL ASSETS:1,7401,7931,8110
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities191185109 
Accounts payable102115109 
Accrued liabilities8970  
Deferred revenue10
Debt131313 
Disposal group, including discontinued operation  5 
Deferred revenue and credits9 
Contract with customer, liability9
Other undisclosed current liabilities1315107 
Total current liabilities:226222242 
Noncurrent Liabilities
Long-term debt and lease obligation1,2781,3111,181 
Long-term debt, excluding current maturities1,0861,1761,181 
Finance lease, liability137
Capital lease obligations135  
Operating lease, liability54
Liabilities, other than long-term debt52249810
Deferred revenue and credits 1
Accounts payable and accrued liabilities   1
Deferred tax liabilities, net 67 
Deferred income tax liabilities29
Accrued environmental loss contingencies2222
Other liabilities2223296
Other undisclosed noncurrent liabilities63128157 
Total noncurrent liabilities:1,3931,4631,43710
Total liabilities:1,6191,6851,67910
Stockholders' equity
Stockholders' equity attributable to parent121108132 
Common stock000 
Additional paid in capital244235230 
Accumulated other comprehensive loss(7)(11)(5) 
Accumulated deficit(116)(116)(92) 
Total stockholders' equity:121108132 
TOTAL LIABILITIES AND EQUITY:1,7401,7931,81110

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

12/31/2019
12/31/2018
12/31/2017
12/31/2015
Revenues1,5301,480  
Cost of revenue
(Cost of Goods and Services Sold)
(1,233)(1,234)(132) 
Gross profit:296246(132) 
Operating expenses(222)(206)(59) 
Other operating income, net15  
Operating income (loss):7645(191) 
Nonoperating income 6  
Interest and debt expense(93)(78)(84) 
Loss from continuing operations before equity method investments, income taxes:(18)(27)(276) 
Income from equity method investments1010  
Other undisclosed loss from continuing operations before income taxes(4)(4)  
Loss from continuing operations before income taxes:(11)(21)(276) 
Income tax expense (benefit)3(3)  
Net loss available to common stockholders, diluted:(7)(24)(276) 

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2015
Net loss:(7)(24)(276) 
Comprehensive loss:(7)(24)(276) 
Other undisclosed comprehensive income (loss), net of tax, attributable to parent4(5)  
Comprehensive loss, net of tax, attributable to parent:(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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