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)

12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments592187196
Cash and cash equivalents592187196
Restricted cash and investments101  
Receivables776967
Inventory, net of allowances, customer advances and progress billings235220172
Inventory235220172
Other current assets1108571
Other undisclosed current assets764638683
Total current assets:1,8791,1991,189
Noncurrent Assets
Property, plant and equipment505471438
Long-term investments and receivables, including:303639
Other undisclosed long-term investments and receivables303639
Intangible assets, net (including goodwill)193193193
Goodwill193193193
Deferred income tax assets275 
Other noncurrent assets13510880
Deferred tax assets, net165
Other undisclosed noncurrent assets 268 
Total noncurrent assets:1,1381,076915
TOTAL ASSETS:3,0172,2752,104
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,2671,3191,342
Accounts payable1,0191,009916
Accrued liabilities248310426
Debt370423
Contract with customer, liability2
Other undisclosed current liabilities20069125
Total current liabilities:1,8371,3921,492
Noncurrent Liabilities
Long-term debt and lease obligation1,0821,4091,569
Long-term debt, excluding current maturities1,0821,4091,569
Liabilities, other than long-term debt116274236
Deferred tax liabilities, net27
Deferred income tax liabilities2 
Other liabilities114274209
Other undisclosed noncurrent liabilities2,2901,3331,400
Total noncurrent liabilities:3,4883,0163,205
Total liabilities:5,3254,4084,697
Stockholders' equity
Stockholders' equity attributable to parent, including:(2,308)(2,133)(2,593)
Additional paid in capital28195
Accumulated other comprehensive income (loss)(129)13073
Accumulated deficit(2,207)(2,282) 
Other undisclosed stockholders' equity attributable to parent  (2,671)
Total stockholders' equity:(2,308)(2,133)(2,593)
TOTAL LIABILITIES AND EQUITY:3,0172,2752,104

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

12/31/2020
12/31/2019
12/31/2018
Revenues3,0343,2483,375
Cost of revenue
(Cost of Goods and Services Sold)
(2,478)(2,537)(2,599)
Gross profit:556711776
Operating expenses(277)(249)(249)
Other operating expense, net(46)(40)(120)
Operating income:233422407
Nonoperating income (expense)38(8)8
Investment income, nonoperating377
Foreign currency transaction gain (loss), before tax35(13)(6)
Net periodic defined benefits expense (reversal of expense), excluding service cost component(5)(8)(2)
Other nonoperating income  4
Interest and debt expense(79)(68)(19)
Income from continuing operations before equity method investments, income taxes:192346396
Other undisclosed loss from continuing operations before income taxes(73)  
Income from continuing operations before income taxes:119346396
Income tax expense (benefit)(39)(33)784
Net income available to common stockholders, diluted:803131,180

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
Net income:803131,180
Other comprehensive income (loss)(259)57(165)
Comprehensive income (loss), net of tax, attributable to parent:(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: