Griffon Corporation (GFF) Financial Statements (2024 and earlier)

Company Profile

Business Address 712 FIFTH AVENUE
NEW YORK, NY 10019
State of Incorp. DE
Fiscal Year End September 30
Industry (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)

9/30/2023
12/31/2022
MRQ
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1211202492187270
Cash and cash equivalents1211202492187270
Receivables351362295348264281
Inventory, net of allowances, customer advances and progress billings646669473414442398
Inventory646669473414442398
Disposal group, including discontinued operation1  200
Other undisclosed current assets6464350131146164
Total current assets:1,1831,2151,3661,113925913
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization13141619 
Operating lease, right-of-use asset183183145162 
Property, plant and equipment     337342
Intangible assets, net (including goodwill)1,0951,098776798794810
Goodwill334336426443437439
Intangible assets, net (excluding goodwill)761762350355357371
Disposal group, including discontinued operation, noncurrent assets5  633
Other noncurrent assets212222331616
Other undisclosed noncurrent assets277285280325  
Total noncurrent assets:1,5941,6021,2381,3431,1501,172
TOTAL ASSETS:2,7772,8162,6052,4562,0752,085
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities339451405404375373
Interest and dividends payable7    
Employee-related liabilities78    
Accounts payable160195260232251234
Accrued liabilities178172145172125139
Deferred revenue    24 
Debt151315131113
Liability for uncertainty in income taxes  00  
Disposal group, including discontinued operation8     
Other undisclosed current liabilities29(40)111847
Total current liabilities:391424532449390393
Noncurrent Liabilities
Long-term debt and lease obligation1,5081,7201,1531,1731,0941,108
Long-term debt, excluding current maturities1,5081,5611,0331,0371,0941,108
Liabilities, other than long-term debt352191110134113109
Disposal group, including discontinued operation, liabilities4  733
Other liabilities187191110127110107
Operating lease, liability161159119136 
Other undisclosed noncurrent liabilities  44   
Total noncurrent liabilities:1,8601,9151,2661,3071,2071,217
Total liabilities:2,2502,3391,7981,7561,5971,610
Equity
Equity, attributable to parent527478807700478474
Common stock 2121212120
Treasury stock, value (420)(417)(413)(536)(535)
Additional paid in capital 628602583519503
Deferred compensation equity (13)(23)(26)(28)(31)
Accumulated other comprehensive loss (83)(46)(72)(66)(34)
Retained earnings 344670608569551
Other undisclosed equity, attributable to parent 527     
Total equity:527478807700478474
TOTAL LIABILITIES AND EQUITY:2,7772,8162,6052,4562,0752,085

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

9/30/2023
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Revenues2,9062,8482,2712,4082,2091,978
Cost of revenue
(Cost of Goods and Services Sold)
(1,901)(1,912)(1,630)(1,766)(1,614)(1,448)
Gross profit:1,005937641641595530
Operating expenses(1,151)(1,126)(471)(486)(460)(433)
Operating income (loss):(146)(189)17115513596
Nonoperating expense(80)(82)(59)(72)(63)(63)
Interest and debt expense(51)(5)(63)(8)(68)(66)
Other undisclosed income from continuing operations before equity method investments, income taxes    86866
Income (loss) from continuing operations before equity method investments, income taxes:(277)(275)48837234
Other undisclosed income from continuing operations before income taxes51563   
Income (loss) from continuing operations before income taxes:(226)(271)111837234
Income tax expense(29)(17)(40)(29)(27)(1)
Income (loss) from continuing operations:(255)(288)71534633
Income (loss) before gain (loss) on sale of properties:(211)(192)795337126
Income (loss) from discontinued operations 93968 (8)92
Net income (loss) available to common stockholders, diluted:(162)(192)795337126

Comprehensive Income ($ in millions)

9/30/2023
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Net income (loss):(162)(192)795337126
Other comprehensive income (loss)(22)(37)26(6)(32)26
Comprehensive income (loss), net of tax, attributable to parent:(184)(228)105475152

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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