Garrett Motion Inc. (GTX) financial statements (2021 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)

12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments187196
Cash and cash equivalents187196
Receivables6967
Inventory, net of allowances, customer advances and progress billings220172
Inventory220172
Other current assets8571
Other undisclosed current assets638683
Total current assets:1,1991,189
Noncurrent Assets
Property, plant and equipment471438
Long-term investments and receivables, including:3639
Other undisclosed long-term investments and receivables3639
Intangible assets, net (including goodwill)193193
Goodwill193193
Other noncurrent assets10880
Deferred tax assets, net165
Other undisclosed noncurrent assets268 
Total noncurrent assets:1,076915
TOTAL ASSETS:2,2752,104
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,3191,342
Accounts payable1,009916
Accrued liabilities310426
Debt423
Contract with customer, liability2
Other undisclosed current liabilities69125
Total current liabilities:1,3921,492
Noncurrent Liabilities
Long-term debt and lease obligation1,4091,569
Long-term debt, excluding current maturities1,4091,569
Liabilities, other than long-term debt274236
Deferred tax liabilities, net27
Other liabilities274209
Other undisclosed noncurrent liabilities1,3331,400
Total noncurrent liabilities:3,0163,205
Total liabilities:4,4084,697
Stockholders' equity
Stockholders' equity attributable to parent, including:(2,133)(2,593)
Additional paid in capital195
Accumulated other comprehensive income13073
Accumulated deficit(2,282) 
Other undisclosed stockholders' equity attributable to parent (2,671)
Total stockholders' equity:(2,133)(2,593)
TOTAL LIABILITIES AND EQUITY:2,2752,104

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

12/31/2019
12/31/2018
Revenues3,2483,375
Cost of revenue
(Cost of Goods and Services Sold)
(2,537)(2,599)
Gross profit:711776
Operating expenses(249)(249)
Other operating expense, net(40)(120)
Operating income:422407
Nonoperating income (expense)(8)8
Investment income, nonoperating77
Foreign currency transaction loss, before tax(13)(6)
Net periodic defined benefits expense (reversal of expense), excluding service cost component(8)(2)
Other nonoperating income 4
Interest and debt expense(68)(19)
Income from continuing operations before income taxes:346396
Income tax expense (benefit)(33)784
Net income available to common stockholders, diluted:3131,180

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
Net income:3131,180
Other comprehensive income (loss)57(165)
Comprehensive income, net of tax, attributable to parent: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.

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