Griffon Corporation (GFF) financial statements (2022 and earlier)

Company profile

Business Address 712 FIFTH AVENUE
NEW YORK, NY 10019
State of Incorp. DE
Fiscal Year End September 30
SIC 3442 - Metal Doors, Sash, Frames, Molding, and Trim Manufacturing (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments15124921872704873
Cash and cash equivalents15124921872704873
Receivables334295348264281208234
Inventory, net of allowances, customer advances and progress billings531473414442398299309
Inventory531473414442398299309
Disposal group, including discontinued operation  2003710
Costs in excess of billings132127
Other undisclosed current assets3383501311461644039
Total current assets:1,3541,3661,1139259131,098781
Noncurrent Assets
Finance lease, right-of-use asset161619 
Operating lease, right-of-use asset141145162 
Property, plant and equipment   337342232405
Intangible assets, net (including goodwill)773776798794810524572
Goodwill427426443437439319361
Intangible assets, net (excluding goodwill)347350355357371205211
Disposal group, including discontinued operation, noncurrent assets3 63332
Other noncurrent assets20223316161622
Other undisclosed noncurrent assets275280325    
Total noncurrent assets:1,2281,2381,3431,1501,1727751,001
TOTAL ASSETS:2,5832,6052,4562,0752,0851,8741,782
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities391405404375373267294
Accounts payable244260232251234184190
Accrued liabilities14714517212513983104
Deferred revenue  24 
Debt18151311131123
Liability for uncertainty in income taxes 00    
Disposal group, including discontinued operation3    842
Other undisclosed current liabilities1011118478 
Total current liabilities:513532449390393371318
Noncurrent Liabilities
Long-term debt and lease obligation1,1551,1531,1731,0941,108968914
Long-term debt, excluding current maturities1,0381,0331,0371,0941,108968914
Operating lease, liability117119136 
Liabilities, other than long-term debt103110134113109136139
Disposal group, including discontinued operation, liabilities4 73332
Other liabilities99110127110107133137
Other undisclosed noncurrent liabilities 4     
Total noncurrent liabilities:1,2581,2661,3071,2071,2171,1041,053
Total liabilities:1,7701,7981,7561,5971,6101,4751,371
Stockholders' equity
Stockholders' equity attributable to parent812807700478474399411
Common stock 212121202020
Treasury stock, value (417)(413)(536)(535)(489)(502)
Additional paid in capital 602583519503487530
Deferred compensation equity (23)(26)(28)(31)(39)(32)
Accumulated other comprehensive loss (46)(72)(66)(34)(60)(81)
Retained earnings 670608569551480476
Other undisclosed stockholders' equity attributable to parent812      
Total stockholders' equity:812807700478474399411
TOTAL LIABILITIES AND EQUITY:2,5832,6052,4562,0752,0851,8741,782

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

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Revenues2,2532,2712,4082,2091,9781,5251,957
Revenue, net1,5251,957
Cost of revenue
(Cost of Goods and Services Sold)
(1,616)(1,630)(1,766)(1,614)(1,448)(1,117)(1,484)
Gross profit:637641641595530408473
Operating expenses(476)(471)(486)(460)(433)(339)(370)
Operating income:1601711551359669104
Nonoperating expense(64)(59)(72)(63)(63)(52)(50)
Interest and debt expense(63)(63)(8)(68)(66)(52)(51)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(16) 868665251
Income from continuing operations before equity method investments, income taxes:17488372341753
Other undisclosed income from continuing operations before income taxes7963     
Income from continuing operations before income taxes:961118372341753
Income tax expense (benefit)(38)(40)(29)(27)(1)1(23)
Income from continuing operations:59715346331830
Income (loss) from discontinued operations28 (8)92(3) 
Other undisclosed income before gain (loss) on sale of properties8      
Net income available to common stockholders, diluted:697953371261530

Comprehensive Income ($ in millions)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
Net income:697953371261530
Other comprehensive income (loss)1026(6)(32)262110
Comprehensive income, net of tax, attributable to parent:791054751523640

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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