The Goodyear Tire & Rubber Company (GT) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,5399088011,0431,1321,4762,161
Cash and cash equivalents1,5399088011,0431,1321,4762,161
Receivables1,6911,9412,0302,0251,7692,0332,126
Inventory, net of allowances, customer advances and progress billings2,1532,8512,8562,7872,6272,4642,671
Inventory2,1532,8512,8562,7872,6272,4642,671
Other undisclosed current assets237234238224190168766
Total current assets:5,6205,9345,9256,0795,7186,1417,724
Noncurrent Assets
Operating lease, right-of-use asset851855
Property, plant and equipment17,79517,4207,2597,4517,0406,7777,153
Intangible assets, net (including goodwill)543702705734671693739
Goodwill408565569595535555601
Intangible assets, net (excluding goodwill)135137136139136138138
Deferred income tax assets1,4671,527
Other noncurrent assets9529591,136792668687731
Other undisclosed noncurrent assets(10,722)(10,212)1,8472,0082,4142,1411,762
Total noncurrent assets:10,88611,25110,94710,98510,79310,29810,385
TOTAL ASSETS:16,50617,18516,87217,06416,51116,43918,109
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,4853,4443,3913,3463,1733,4353,602
Accounts payable2,9452,9082,9202,8072,5892,7692,878
Employee-related liabilities540536471539584666724
Deferred revenue2323
Debt558910    178
Accrued environmental loss contingencies1613    9
Other liabilities8657347371,026963886956
Other undisclosed current liabilities159163653653681636(9)
Total current liabilities:5,1065,2874,7815,0254,8174,9574,736
Noncurrent Liabilities
Long-term debt and lease obligation, including:5,4324,7535,1105,0764,7985,1206,216
Finance lease, liability232243
Operating lease, liability684668
Other undisclosed long-term debt and lease obligation4,5163,8425,1105,0764,7985,1206,216
Liabilities, other than long-term debt2,0521,9631,8552,0132,1712,2202,730
Deferred revenue2731
Contract with customer, liability39
Deferred tax liabilities, net  8591181
Deferred income tax liabilities8490
Liability, pension and other postretirement and postemployment benefits1,4701,3341,3451,5151,4601,4681,676
Other liabilities471508471498626661873
Other undisclosed noncurrent liabilities65763756100   
Total noncurrent liabilities:8,1417,3537,0217,1896,9697,3408,946
Total liabilities:13,24712,64011,80212,21411,78612,29713,682
Temporary equity, carrying amount      582
Stockholders' equity
Stockholders' equity attributable to parent, including:3,0784,3514,8644,6034,5073,9203,610
Additional paid in capital2,1712,1412,1112,2952,6453,0933,141
Accumulated other comprehensive loss(4,135)(4,136)(4,076)(3,976)(4,198)(4,010)(4,143)
Retained earnings4,8096,1136,5976,0445,8084,5704,343
Other undisclosed stockholders' equity attributable to parent233233232240252267269
Stockholders' equity attributable to noncontrolling interest181194206247218222235
Total stockholders' equity:3,2594,5455,0704,8504,7254,1423,845
TOTAL LIABILITIES AND EQUITY:16,50617,18516,87217,06416,51116,43918,109

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues12,32114,74515,47515,37715,15816,44318,138
Revenue, net15,37715,15816,44318,138
Cost of revenue(10,367)(11,602)(11,961)(11,719)(10,972)(12,164)(13,906)
Cost of goods and services sold(10,337)(11,602)(11,961)(11,719)(10,972)(12,164)(13,906)
Gross profit:1,9543,1433,5143,6584,1864,2794,232
Operating expenses(2,936)(2,960)(2,726)(2,839)(2,982)(3,040)(3,213)
Other undisclosed operating income     783693
Operating income (loss):(982)1837888191,2042,0221,712
Nonoperating income (expense)(119)(123)162(22)10(531)(506)
Investment income, nonoperating     (646)35
Loss from catastrophes (25)(12)(14)   
Foreign currency transaction loss, before tax      (239)
Other nonoperating income (expense)(119)(98)174(8)10115(302)
Interest and debt expense(324)(340)(321)(335)(372)(412)(428)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes285457382416365(471) 
Income (loss) from continuing operations before equity method investments, income taxes:(1,140)1771,0118781,207608778
Income from equity method investments      28
Other undisclosed loss from continuing operations before income taxes      (119)
Income (loss) from continuing operations before income taxes:(1,140)1771,0118781,207608687
Income tax expense (benefit)(110)(474)(303)(513)77(232)1,834
Net income (loss):(1,250)(297)7083651,2843762,521
Net loss attributable to noncontrolling interest(4)(14)(15)(19)(20)(69)(69)
Net income (loss) attributable to parent:(1,254)(311)6933461,2643072,452
Other undisclosed net loss available to common stockholders, basic      (7)
Net income (loss) available to common stockholders, basic:(1,254)(311)6933461,2643072,445
Other undisclosed net income available to common stockholders, diluted      7
Net income (loss) available to common stockholders, diluted:(1,254)(311)6933461,2643072,452

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(1,250)(297)7083651,2843762,521
Other comprehensive income (loss)(6)(59)(119)238(200)165(244)
Comprehensive income (loss):(1,256)(356)5896031,0845412,277
Comprehensive income (loss), net of tax, attributable to noncontrolling interest3(15)4(35)(8)(6)(20)
Comprehensive income (loss), net of tax, attributable to parent:(1,253)(371)5935681,0765352,257

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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