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)

12/31/2020
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2342187270487352
Cash and cash equivalents2342187270487352
Receivables319348264281208234219
Inventory, net of allowances, customer advances and progress billings445414442398299309326
Inventory445414442398299309326
Disposal group, including discontinued operation220037101
Costs in excess of billings132127104
Other undisclosed current assets145131146164403955
Total current assets:1,1441,1139259131,098781757
Noncurrent Assets
Finance lease, right-of-use asset1819 
Operating lease, right-of-use asset158162 
Property, plant and equipment  337342232405380
Intangible assets, net (including goodwill)804798794810524572570
Goodwill446443437439319361356
Intangible assets, net (excluding goodwill)358355357371205211214
Disposal group, including discontinued operation, noncurrent assets5633322
Other noncurrent assets30331616162222
Costs in excess of billings  17
Other undisclosed noncurrent assets325325    (17)
Total noncurrent assets:1,3401,3431,1501,1727751,001975
TOTAL ASSETS:2,4842,4562,0752,0851,8741,7821,731
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:399404375373267294305
Accounts payable238232251234184190200
Accrued liabilities16217212513983104105
Employee-related liabilities      54
Interest and dividends payable      3
Other undisclosed accounts payable and accrued liabilities      (57)
Deferred revenue2524 
Debt14131113112318
Liability for uncertainty in income taxes 0    1
Provision for loss on contracts      11
Disposal group, including discontinued operation5   8422
Other undisclosed current liabilities38478 (13)
Total current liabilities:447449390393371318324
Noncurrent Liabilities
Long-term debt and lease obligation1,1701,1731,0941,108968914834
Long-term debt, excluding current maturities1,0371,0371,0941,108968914827
Capital lease obligations   7
Operating lease, liability133136 
Liabilities, other than long-term debt128134113109136139150
Disposal group, including discontinued operation, liabilities6733323
Other liabilities122127110107133137147
Other undisclosed noncurrent liabilities      (7)
Total noncurrent liabilities:1,2981,3071,2071,2171,1041,053977
Total liabilities:1,7441,7561,5971,6101,4751,3711,301
Stockholders' equity
Stockholders' equity attributable to parent740700478474399411431
Common stock 212120202020
Treasury stock, value (413)(536)(535)(489)(502)(437)
Additional paid in capital 583519503487530518
Deferred compensation equity (26)(28)(31)(39)(32)(35)
Accumulated other comprehensive loss (72)(66)(34)(60)(81)(91)
Retained earnings 608569551480476455
Other undisclosed stockholders' equity attributable to parent740      
Total stockholders' equity:740700478474399411431
TOTAL LIABILITIES AND EQUITY:2,4842,4562,0752,0851,8741,7821,731

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

12/31/2020
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
Revenues2,4682,4082,2091,9781,5251,9572,016
Revenue, net1,5251,9572,016
Cost of revenue
(Cost of Goods and Services Sold)
(1,807)(1,766)(1,614)(1,448)(1,117)(1,484)(1,540)
Gross profit:662641595530408473476
Operating expenses(490)(486)(460)(433)(339)(370)(375)
Operating income:1721551359669104101
Nonoperating expense(67)(72)(63)(63)(52)(50)(47)
Interest and debt expense(24)(8)(68)(66)(52)(51)(48)
Other undisclosed income from continuing operations before equity method investments, income taxes2486866525148
Income from continuing operations before income taxes:105837234175354
Income tax expense (benefit)(33)(29)(27)(1)1(23)(19)
Income from continuing operations:72534633183034
Income (loss) from discontinued operations  (8)92(3)  
Net income available to common stockholders, diluted:725337126153034

Comprehensive Income ($ in millions)

12/31/2020
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
Net income:725337126153034
Other comprehensive income (loss)0(6)(32)262110(61)
Comprehensive income (loss), net of tax, attributable to parent:724751523640(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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