Griffon Corporation (GFF) financial statements (2021 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)

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments65727048735292
Cash and cash equivalents65727048735292
Receivables273264281208234219258
Inventory, net of allowances, customer advances and progress billings467442398299309326290
Inventory467442398299309326290
Disposal group, including discontinued operation000371012
Costs in excess of billings132127104110
Other undisclosed current assets14114616440395563
Total current assets:9469259131,098781757815
Noncurrent Assets
Operating lease, right-of-use asset154 
Property, plant and equipment332337342232405380371
Intangible assets, net (including goodwill)804794810524572570605
Goodwill447437439319361356372
Intangible assets, net (excluding goodwill)358357371205211214234
Disposal group, including discontinued operation, noncurrent assets333322 
Other noncurrent assets18161616222227
Costs in excess of billings  178
Assets of disposal group, including discontinued operation2
Other undisclosed noncurrent assets     (17)(8)
Total noncurrent assets:1,3121,1501,1727751,0019751,005
TOTAL ASSETS:2,2582,0752,0851,8741,7821,7311,820
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:347375373267294305320
Accounts payable220251234184190200219
Accrued liabilities12712513983104105101
Employee-related liabilities     5458
Interest and dividends payable     3 
Other undisclosed accounts payable and accrued liabilities     (57)(58)
Debt3811131123189
Liability for uncertainty in income taxes     11
Provision for loss on contracts     113
Disposal group, including discontinued operation   84223
Other undisclosed current liabilities4478 (13)(5)
Total current liabilities:389390393371318324331
Noncurrent Liabilities
Long-term debt and lease obligation1,2681,0941,108968914834813
Long-term debt, excluding current maturities1,1371,0941,108968914827805
Capital lease obligations   78
Operating lease, liability131 
Liabilities, other than long-term debt107113109136139150152
Disposal group, including discontinued operation, liabilities3333234
Other liabilities103110107133137147148
Other undisclosed noncurrent liabilities     (7)(8)
Total noncurrent liabilities:1,3751,2071,2171,1041,053977957
Total liabilities:1,7631,5971,6101,4751,3711,3011,288
Stockholders' equity
Stockholders' equity attributable to parent495478474399411431532
Common stock 212020202020
Treasury stock, value (536)(535)(489)(502)(437)(354)
Additional paid in capital 519503487530518506
Deferred compensation equity (28)(31)(39)(32)(35)(37)
Accumulated other comprehensive loss (66)(34)(60)(81)(91)(30)
Retained earnings 569551480476455428
Other undisclosed stockholders' equity attributable to parent495      
Total stockholders' equity:495478474399411431532
TOTAL LIABILITIES AND EQUITY:2,2582,0752,0851,8741,7821,7311,820

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

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
Revenues2,2472,2091,9781,5251,9572,0161,992
Revenue, net1,5251,9572,0161,992
Cost of revenue
(Cost of Goods and Services Sold)
(1,645)(1,614)(1,448)(1,117)(1,484)(1,540)(1,532)
Gross profit:602595530408473476459
Operating expenses(464)(460)(433)(339)(370)(375)(381)
Operating income:138135966910410178
Nonoperating expense(63)(63)(63)(52)(50)(47)(84)
Interest and debt expense(68)(68)(66)(52)(51)(48)(87)
Other undisclosed income from continuing operations before equity method investments, income taxes68686652514887
Income (loss) from continuing operations before income taxes:757234175354(6)
Income tax expense (benefit)(28)(27)(1)1(23)(19)6
Income (loss) from continuing operations:474633183034(0)
Income (loss) from discontinued operations(8)(8)92(3)   
Net income (loss) available to common stockholders, diluted:3937126153034(0)

Comprehensive Income ($ in millions)

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
Net income (loss):3937126153034(0)
Other comprehensive income (loss)(20)(32)262110(61)(27)
Comprehensive income (loss), net of tax, attributable to parent:2051523640(27)(27)

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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