Garrett Motion Inc. (GTX) financial statements (2022 and earlier)

Company profile

Business Address LA PIECE 16
ROLLE, 1180
State of Incorp. DE
Fiscal Year End December 31
SIC 3714 - Motor Vehicle Parts and Accessories (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments423592187196
Cash and cash equivalents423592187196
Restricted cash and investments41101  
Receivables78776967
Inventory, net of allowances, customer advances and progress billings244235220172
Inventory244235220172
Other current assets561108571
Other undisclosed current assets669764638683
Total current assets:1,5111,8791,1991,189
Noncurrent Assets
Property, plant and equipment485505471438
Long-term investments and receivables, including:28303639
Other undisclosed long-term investments and receivables28303639
Intangible assets, net (including goodwill)193193193193
Goodwill193193193193
Deferred income tax assets289275 
Other noncurrent assets20013510880
Deferred tax assets, net165
Other undisclosed noncurrent assets  268 
Total noncurrent assets:1,1951,1381,076915
TOTAL ASSETS:2,7063,0172,2752,104
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,3011,2671,3191,342
Accounts payable1,0061,0191,009916
Accrued liabilities295248310426
Deferred revenue5  
Debt7370423
Accrued environmental loss contingencies3   
Contract with customer, liability2
Other undisclosed current liabilities19220069125
Total current liabilities:1,5081,8371,3921,492
Noncurrent Liabilities
Long-term debt and lease obligation1,1811,0821,4091,569
Long-term debt, excluding current maturities1,1811,0821,4091,569
Liabilities, other than long-term debt290116274236
Deferred tax liabilities, net27
Deferred income tax liabilities212 
Other liabilities269114274209
Other undisclosed noncurrent liabilities1952,2901,3331,400
Total noncurrent liabilities:1,6663,4883,0163,205
Total liabilities:3,1745,3254,4084,697
Stockholders' equity
Stockholders' equity attributable to parent, including:(468)(2,308)(2,133)(2,593)
Additional paid in capital1,32628195
Accumulated other comprehensive income (loss)(4)(129)13073
Accumulated deficit(1,790)(2,207)(2,282) 
Other undisclosed stockholders' equity attributable to parent   (2,671)
Total stockholders' equity:(468)(2,308)(2,133)(2,593)
TOTAL LIABILITIES AND EQUITY:2,7063,0172,2752,104

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues3,6333,0343,2483,375
Cost of revenue
(Cost of Goods and Services Sold)
(2,926)(2,478)(2,537)(2,599)
Gross profit:707556711776
Operating expenses(216)(277)(249)(249)
Other operating expense, net(1)(46)(40)(120)
Operating income:490233422407
Nonoperating income (expense)1638(8)8
Investment income, nonoperating11377
Foreign currency transaction gain (loss), before tax(14)35(13)(6)
Net periodic defined benefits expense (reversal of expense), excluding service cost component13(5)(8)(2)
Other nonoperating income (expense)(1)  4
Interest and debt expense(93)(79)(68)(19)
Income from continuing operations before equity method investments, income taxes:413192346396
Other undisclosed income (loss) from continuing operations before income taxes125(73)  
Income from continuing operations before income taxes:538119346396
Income tax expense (benefit)(43)(39)(33)784
Net income attributable to parent:495803131,180
Preferred stock dividends and other adjustments(97)   
Undistributed earnings (loss) allocated to participating securities, basic(280)   
Net income available to common stockholders, diluted:118803131,180

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:495803131,180
Other comprehensive income (loss)125(259)57(165)
Comprehensive income (loss), net of tax, attributable to parent:620(179)3701,015

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: