H. B. Fuller Company (FUL) Financial Statements (2024 and earlier)

Company Profile

Business Address 1200 WILLOW LAKE BLVD
ST PAUL, MN 55110-5132
State of Incorp. MN
Fiscal Year End November 30
Industry (SIC) 2891 - Adhesives and Sealants (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

8/31/2023
MRQ
11/30/2022
11/30/2021
11/30/2020
11/30/2019
11/30/2018
11/30/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 62101112151194
Cash and cash equivalents 62101112151194
Receivables 615515493486474
Inventory, net of allowances, customer advances and progress billings492448323337356360
Inventory492448323337356360
Other current assets12096819196117
Total current assets:6121,2211,0201,0331,0881,145
Noncurrent Assets
Property, plant and equipment734695671630637670
Intangible assets, net (including goodwill)2,0941,9862,0682,0812,2132,338
Goodwill1,3931,2991,3121,2821,3051,337
Intangible assets, net (excluding goodwill)7026877567999081,002
Other noncurrent assets336372278241238207
Total noncurrent assets:3,1643,0533,0172,9523,0883,216
Other undisclosed assets 688     
TOTAL ASSETS:4,4644,2754,0373,9864,1754,361
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities89712513461440452
Taxes payable1629231314
Employee-related liabilities11084797885
Accounts payable 500316299273268
Accrued liabilities898684617684
Debt3025178110653
Estimated litigation liability 0     
Accrued environmental loss contingencies 3     
Business combination, contingent consideration, liability 2     
Other undisclosed current liabilities      
Total current liabilities:125737530542546505
Noncurrent Liabilities
Long-term debt and lease obligation1,7441,5911,7571,8982,1422,399
Long-term debt, excluding current maturities1,7361,5911,7571,8982,1422,399
Finance lease, liability 8   
Liabilities, other than long-term debt249349368322335413
Accounts payable and accrued liabilities 22     
Deferred compensation liability, classified 10     
Asset retirement obligations 3     
Deferred income tax liabilities 183   
Liability, pension and other postretirement and postemployment benefits27289807171
Accrued environmental loss contingencies 6     
Other liabilities 277279242265342
Operating lease, liability 23   
Total noncurrent liabilities:1,9931,9402,1252,2212,4772,812
Total liabilities:2,1182,6772,6552,7633,0233,317
Equity
Equity, attributable to parent, including: 1,5971,3811,2221,1521,044
Common stock 535251  
Additional paid in capital 2141581309675
Accumulated other comprehensive loss (270)(303)(344)(280)(201)
Retained earnings 1,6011,4741,3841,2851,119
Other undisclosed equity, attributable to parent     5150
Equity, attributable to noncontrolling interest 11000
Other undisclosed equity 1,611     
Total equity:1,6111,5971,3821,2231,1521,044
TOTAL LIABILITIES AND EQUITY:3,7294,2754,0373,9864,1754,361

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

8/31/2023
TTM
11/30/2022
11/30/2021
11/30/2020
11/30/2019
11/30/2018
11/30/2017
Revenues3,7493,2782,7902,8973,0412,306
Revenue, net2,306
Cost of revenue(2,785)(2,433)(2,034)(2,090)(2,204)(1,703)
Cost of goods and services sold      (1,703)
Gross profit:964845757807837603
Operating expenses(717)(665)(614)(645)(668)(531)
Other operating income (expense), net133315381(24)
Other undisclosed operating income6340    
Operating income:32325315819917148
Nonoperating income (expense)223626117(2)
Investment income, nonoperating89111212 
Loss, foreign currency transaction, before tax (13)(6)(3)(1)(4)(2)
Net periodic defined benefits expense (reversal of expense), excluding service cost component 273218  
Interest and debt expense(92)(78)(87)(103)(111)(44)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(1)760669057
Income from continuing operations before equity method investments, income taxes:25221715817315759
Income from equity method investments687789
Income from continuing operations before income taxes:25822516618016567
Income tax expense (benefit)(77)(63)(42)(49)6(9)
Income from continuing operations:18016112413117158
Income before gain (loss) on sale of properties:16112413117158
Net income:18016112413117158
Net loss attributable to noncontrolling interest(0)(0)(0)(0)(0)(0)
Net income available to common stockholders, diluted:18016112413117158

Comprehensive Income ($ in millions)

8/31/2023
TTM
11/30/2022
11/30/2021
11/30/2020
11/30/2019
11/30/2018
11/30/2017
Net income:18016112413117158
Other comprehensive income (loss)(154)5549(56)(76)97
Other undisclosed comprehensive income (loss)(27)(23)(8)(8)14(35)
Comprehensive income (loss):(1)19416567110120
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)(0)(0)(0)(0)(0)
Comprehensive income (loss), net of tax, attributable to parent:(1)19416467110120

Statements Sources

The financial statements are based on the Company's filings with 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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