Federal Signal Corporation (FSS) financial statements (2022 and earlier)

Company profile

Business Address 1415 WEST 22ND STREET
OAK BROOK, IL 60523
State of Incorp. DE
Fiscal Year End December 31
SIC 3711 - Motor Vehicles and Passenger Car Bodies (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
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments41823237385176
Cash and cash equivalents41823237385176
Receivables1361271341241188173
Inventory, net of allowances, customer advances and progress billings22918518315713712087
Inventory22918518315713712087
Prepaid expense251212911815
Disposal group, including discontinued operation      64
Total current assets:431406361329304260315
Noncurrent Assets
Finance lease, right-of-use asset21 
Operating lease, right-of-use asset3022 
Property, plant and equipment1421079262604353
Intangible assets, net (including goodwill)638548552518529247232
Goodwill432394389375377237232
Intangible assets, net (excluding goodwill)20615416314315210 
Disposal group, including discontinued operation, noncurrent assets 0001143
Deferred income tax assets810 
Deferred tax assets, net10136820
Other undisclosed noncurrent assets11511715110293854
Total noncurrent assets:935803805695689384351
TOTAL ASSETS:1,3661,2091,1661,024992643667
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1391271601581107888
Accounts payable65526566523538
Accrued liabilities44456363362932
Employee-related liabilities30303130221419
Deferred revenue2213 
Debt1000010
Disposal group, including discontinued operation 0001229
Customer advances and deposits75 
Other undisclosed current liabilities9800   
Total current liabilities:17014816015911785117
Noncurrent Liabilities
Long-term debt and lease obligation, including:2822102202102776444
Finance lease, liability20 
Operating lease, liability2216 
Other undisclosed long-term debt and lease obligation2591942202102776444
Liabilities, other than long-term debt1071331221181329087
Deferred tax liabilities, net534645  
Deferred income tax liabilities5354 
Liability, pension and other postretirement and postemployment benefits40545155576155
Disposal group, including discontinued operation, liabilities 1112215
Other liabilities14251716282717
Other undisclosed noncurrent liabilities221622791113
Total noncurrent liabilities:412358364335418164144
Total liabilities:582507524494535249261
Stockholders' equity
Stockholders' equity attributable to parent784702642530457394406
Common stock69686766666565
Treasury stock, value(151)(120)(93)(89)(86)(81)(41)
Additional paid in capital257241229217208200196
Accumulated other comprehensive loss(74)(92)(89)(97)(77)(92)(89)
Retained earnings684605528433347302275
Total stockholders' equity:784702642530457394406
TOTAL LIABILITIES AND EQUITY:1,3661,2091,1661,024992643667

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,2131,1311,2211,090899708768
Revenue, net899708768
Cost of revenue
(Cost of Goods and Services Sold)
(925)(837)(899)(807)(677)(525)(542)
Gross profit:289294323282221183226
Operating expenses(160)(160)(173)(159)(145)(124)(122)
Other undisclosed operating income (loss)2(2)(3)(2)(9)(1) 
Operating income:1311311471226758103
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
2(1)(1)(1)11(1)
Interest and debt expense(5)(6)(8)(9)(7)(2)(2)
Income from continuing operations before equity method investments, income taxes:1281251391126157100
Other undisclosed loss from continuing operations before income taxes(10)      
Income from continuing operations before income taxes:1181251391126157100
Income tax expense(17)(29)(30)(18)(1)(17)(34)
Net income:1019610894613966
Other undisclosed net income (loss) attributable to parent 00014(2)
Net income available to common stockholders, diluted:1019610994624464

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:1019610894613966
Other comprehensive income (loss)(1)6(2)1(1)(3)(9)
Comprehensive income:9910210794593657
Other undisclosed comprehensive income (loss), net of tax, attributable to parent19(9)10(10)184(2)
Comprehensive income, net of tax, attributable to parent:1189411784774154

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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