The Goodyear Tire & Rubber Company (GT) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,0881,5399088011,0431,1321,476
Cash and cash equivalents1,0881,5399088011,0431,1321,476
Receivables2,3871,6911,9412,0302,0251,7692,033
Inventory, net of allowances, customer advances and progress billings3,5942,1532,8512,8562,7872,6272,464
Inventory3,5942,1532,8512,8562,7872,6272,464
Other undisclosed current assets262237234238224190168
Total current assets:7,3315,6205,9345,9256,0795,7186,141
Noncurrent Assets
Operating lease, right-of-use asset981851855
Property, plant and equipment19,17517,79517,4207,2597,4517,0406,777
Intangible assets, net (including goodwill)2,043543702705734671693
Goodwill1,004408565569595535555
Intangible assets, net (excluding goodwill)1,039135137136139136138
Deferred income tax assets1,5961,4671,527
Other noncurrent assets1,1069529591,136792668687
Other undisclosed noncurrent assets(10,830)(10,722)(10,212)1,8472,0082,4142,141
Total noncurrent assets:14,07110,88611,25110,94710,98510,79310,298
TOTAL ASSETS:21,40216,50617,18516,87217,06416,51116,439
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,8373,4853,4443,3913,3463,1733,435
Accounts payable4,1482,9452,9082,9202,8072,5892,769
Employee-related liabilities689540536471539584666
Deferred revenue232323
Debt749558910    
Accrued environmental loss contingencies211613    
Other liabilities8228657347371,026963886
Other undisclosed current liabilities160159163653653681636
Total current liabilities:6,6125,1065,2874,7815,0254,8174,957
Noncurrent Liabilities
Long-term debt and lease obligation, including:6,6485,4324,7535,1105,0764,7985,120
Finance lease, liability237232243
Operating lease, liability819684668
Other undisclosed long-term debt and lease obligation5,5924,5163,8425,1105,0764,7985,120
Liabilities, other than long-term debt2,1602,0521,9631,8552,0132,1712,220
Deferred revenue212731
Contract with customer, liability39
Deferred tax liabilities, net  8591
Deferred income tax liabilities1358490
Liability, pension and other postretirement and postemployment benefits1,4451,4701,3341,3451,5151,4601,468
Other liabilities559471508471498626661
Other undisclosed noncurrent liabilities79865763756100  
Total noncurrent liabilities:9,6068,1417,3537,0217,1896,9697,340
Total liabilities:16,21813,24712,64011,80212,21411,78612,297
Stockholders' equity
Stockholders' equity attributable to parent, including:4,9993,0784,3514,8644,6034,5073,920
Additional paid in capital3,1072,1712,1412,1112,2952,6453,093
Accumulated other comprehensive loss(3,963)(4,135)(4,136)(4,076)(3,976)(4,198)(4,010)
Retained earnings5,5734,8096,1136,5976,0445,8084,570
Other undisclosed stockholders' equity attributable to parent282233233232240252267
Stockholders' equity attributable to noncontrolling interest185181194206247218222
Total stockholders' equity:5,1843,2594,5455,0704,8504,7254,142
TOTAL LIABILITIES AND EQUITY:21,40216,50617,18516,87217,06416,51116,439

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues17,47812,32114,74515,47515,37715,15816,443
Revenue, net15,37715,15816,443
Cost of revenue(13,692)(10,367)(11,602)(11,961)(11,719)(10,972)(12,164)
Cost of goods and services sold(13,692)(10,337)(11,602)(11,961)(11,719)(10,972)(12,164)
Gross profit:3,7861,9543,1433,5143,6584,1864,279
Operating expenses(2,792)(2,936)(2,960)(2,726)(2,839)(2,982)(3,040)
Other undisclosed operating income      783
Operating income (loss):994(982)1837888191,2042,022
Nonoperating income (expense)94(119)(123)162(22)10(531)
Investment income, nonoperating      (646)
Loss from catastrophes  (25)(12)(14)  
Other nonoperating income (expense)94(119)(98)174(8)10115
Interest and debt expense(387)(324)(340)(321)(335)(372)(412)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 285457382416365(471)
Income (loss) from continuing operations before equity method investments, income taxes:701(1,140)1771,0118781,207608
Other undisclosed loss from continuing operations before income taxes(188)      
Income (loss) from continuing operations before income taxes:513(1,140)1771,0118781,207608
Income tax expense (benefit)267(110)(474)(303)(513)77(232)
Net income (loss):780(1,250)(297)7083651,284376
Net loss attributable to noncontrolling interest(16)(4)(14)(15)(19)(20)(69)
Net income (loss) available to common stockholders, diluted:764(1,254)(311)6933461,264307

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):780(1,250)(297)7083651,284376
Other comprehensive income (loss)152(6)(59)(119)238(200)165
Comprehensive income (loss):932(1,256)(356)5896031,084541
Comprehensive income (loss), net of tax, attributable to noncontrolling interest43(15)4(35)(8)(6)
Comprehensive income (loss), net of tax, attributable to parent:936(1,253)(371)5935681,076535

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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