The Goodyear Tire & Rubber Company (GT) financial statements (2020 and earlier)

Company profile

Business Address 1144 E MARKET ST
AKRON, OH 44316
State of Incorp. OH
Fiscal Year End December 31
SIC 3011 - Tires and Inner Tubes (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9088011,0431,1321,4762,1612,996
Cash and cash equivalents9088011,0431,1321,4762,1612,996
Receivables1,9412,0302,0251,7692,0332,1262,435
Inventory, net of allowances, customer advances and progress billings2,8512,8562,7872,6272,4642,6712,816
Inventory2,8512,8562,7872,6272,4642,6712,816
Other undisclosed current assets234238224190168766397
Total current assets:5,9345,9256,0795,7186,1417,7248,644
Noncurrent Assets
Operating lease, right-of-use asset855
Property, plant and equipment17,4207,2597,4517,0406,7777,1537,320
Intangible assets, net (including goodwill)702705734671693739806
Goodwill565569595535555601668
Intangible assets, net (excluding goodwill)137136139136138138138
Deferred income tax assets1,527
Other noncurrent assets9591,136792668687731600
Other undisclosed noncurrent assets(10,212)1,8472,0082,4142,1411,762157
Total noncurrent assets:11,25110,94710,98510,79310,29810,3858,883
TOTAL ASSETS:17,18516,87217,06416,51116,43918,10917,527
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,4443,3913,3463,1733,4353,6023,855
Accounts payable2,9082,9202,8072,5892,7692,8783,097
Employee-related liabilities536471539584666724758
Deferred revenue23
Debt910    17887
Accrued environmental loss contingencies13    911
Other liabilities7347371,0269638869561,083
Other undisclosed current liabilities163653653681636(9)(11)
Total current liabilities:5,2874,7815,0254,8174,9574,7365,025
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,7535,1105,0764,7985,1206,2166,162
Finance lease, liability243
Operating lease, liability668
Other undisclosed long-term debt and lease obligation3,8425,1105,0764,7985,1206,2166,162
Liabilities, other than long-term debt1,9631,8552,0132,1712,2202,7303,895
Pension and other postretirement defined benefit plans, liabilities2,673
Deferred revenue31
Contract with customer, liability39
Deferred tax liabilities, net  8591181256
Deferred income tax liabilities90
Liability, pension and other postretirement and postemployment benefits1,3341,3451,5151,4601,4681,676
Other liabilities508471498626661873966
Other undisclosed noncurrent liabilities63756100    
Total noncurrent liabilities:7,3537,0217,1896,9697,3408,94610,057
Total liabilities:12,64011,80212,21411,78612,29713,68215,082
Temporary equity, carrying amount     582577
Stockholders' equity
Stockholders' equity attributable to parent, including:4,3514,8644,6034,5073,9203,6101,606
Additional paid in capital2,1412,1112,2952,6453,0933,1412,847
Accumulated other comprehensive loss(4,136)(4,076)(3,976)(4,198)(4,010)(4,143)(3,947)
Retained earnings6,1136,5976,0445,8084,5704,3431,958
Other undisclosed stockholders' equity attributable to parent233232240252267269748
Stockholders' equity attributable to noncontrolling interest194206247218222235262
Total stockholders' equity:4,5455,0704,8504,7254,1423,8451,868
TOTAL LIABILITIES AND EQUITY:17,18516,87217,06416,51116,43918,10917,527

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues14,74515,47515,37715,15816,44318,13819,540
Revenue, net15,37715,15816,44318,13819,540
Cost of revenue
(Cost of Goods and Services Sold)
(11,602)(11,961)(11,719)(10,972)(12,164)(13,906)(15,422)
Gross profit:3,1433,5143,6584,1864,2794,2324,118
Operating expenses(2,960)(2,726)(2,839)(2,982)(3,040)(3,213)(3,201)
Other undisclosed operating income    783693663
Operating income:1837888191,2042,0221,7121,580
Nonoperating income (expense)(123)162(22)10(531)(506)(123)
Investment income, nonoperating    (646)3592
Loss from catastrophes(25)(12)(14)    
Foreign currency transaction loss, before tax     (239)(118)
Other nonoperating income (expense)(98)174(8)10115(302)(97)
Interest and debt expense(340)(321)(335)(372)(412)(428)(392)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes457382416365(471)  
Income from continuing operations before equity method investments, income taxes:1771,0118781,2076087781,065
Income from equity method investments     2831
Other undisclosed loss from continuing operations before income taxes     (119)(283)
Income from continuing operations before income taxes:1771,0118781,207608687813
Income tax expense (benefit)(474)(303)(513)77(232)1,834(138)
Net income (loss):(297)7083651,2843762,521675
Net loss attributable to noncontrolling interest(14)(15)(19)(20)(69)(69)(46)
Net income (loss) attributable to parent:(311)6933461,2643072,452629
Other undisclosed net loss available to common stockholders, basic     (7)(29)
Net income (loss) available to common stockholders, basic:(311)6933461,2643072,445600
Other undisclosed net income available to common stockholders, diluted     729
Net income (loss) available to common stockholders, diluted:(311)6933461,2643072,452629

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(297)7083651,2843762,521675
Other comprehensive income (loss)(59)(119)238(200)165(244)645
Comprehensive income (loss):(356)5896031,0845412,2771,320
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(15)4(35)(8)(6)(20)78
Other undisclosed comprehensive loss, net of tax, attributable to parent      (156)
Comprehensive income (loss), net of tax, attributable to parent:(371)5935681,0765352,2571,242

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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