HC2 Holdings, Inc. (HCHC) financial statements (2021 and earlier)

Company profile

Business Address 450 PARK AVENUE
NEW YORK, NY 10022
State of Incorp. DE
Fiscal Year End December 31
SIC 344 - Fabricated Structural Metal Products (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 investments31033252698115159113
Cash and cash equivalents23223932598115159108
Short-term investments7793201   5
Receivables185338379322268211152
Inventory, net of allowances, customer advances and progress billings10232113101215
Inventory10232113101215
Contract with customer, asset176317375
Disposal group, including discontinued operation20   164
Costs in excess of billings 153928
Deferred tax assets    2
Other undisclosed current assets      19
Total current assets:7001,0091,301433408427332
Noncurrent Assets
Finance lease, right-of-use asset135
Operating lease, right-of-use asset4470
Property, plant and equipment 406376375286214240
Long-term investments and receivables46857185591,35449
Long-term investments46857185591,35449
Intangible assets, net (including goodwill)2863543912491389190
Goodwill111127172132986128
Intangible assets, net (excluding goodwill)175227219117402962
Restricted cash and investments    016
Disposal group, including discontinued operation, noncurrent assets9      
Deferred income tax assets43
Other noncurrent assets172257208102336522
Deferred tax assets, net   4816
Other undisclosed noncurrent assets      (31)
Total noncurrent assets:5621,2091,0468115161,773392
Other undisclosed assets5,4804,7414,1571,9741,911542 
TOTAL ASSETS:6,7436,9586,5043,2182,8352,743724
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities      137
Accounts payable      80
Accrued liabilities      34
Employee-related liabilities      20
Taxes payable      1
Interest and dividends payable      3
Debt      10
Billings in excess of cost 432142
Other undisclosed current liabilities      16
Total current liabilities:    4321206
Noncurrent Liabilities
Long-term debt and lease obligation, including:6541,025  438 333
Long-term debt, excluding current maturities    428 333
Other undisclosed long-term debt and lease obligation6541,025  10  
Liabilities, other than long-term debt26829011170654333
Deferred tax liabilities, net  15  
Deferred income tax liabilities14284
Liability, pension and other postretirement and postemployment benefits    222531
Disposal group, including discontinued operation, liabilities9      
Other liabilities1162061117027182
Total noncurrent liabilities:9221,3151117050343366
Other undisclosed liabilities5,2055,1786,1712,9312,1892,505 
Total liabilities:6,1276,4936,2823,0022,7362,569571
Temporary equity, carrying amount16222828325640
Stockholders' equity
Stockholders' equity attributable to parent5603508873449490
Common stock0  0000
Treasury stock, value(4)(3)(3)(2)(1)(0)(0)
Additional paid in capital356281261255241209147
Accumulated other comprehensive income (loss)397169(113)42(22)(35)(15)
Accumulated deficit(189)(97)(57)(221)(174)(80)(42)
Stockholders' equity attributable to noncontrolling interest4094106115232323
Total stockholders' equity:60044419418867118113
TOTAL LIABILITIES AND EQUITY:6,7436,9586,5043,2182,8352,743724

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
Revenues1,0061,9841,9771,6341,5581,121543
Revenue, net1,4831,4161,118550
Net investment income189204117665814
Cost of revenue(589)(1,425)(1,585)(1,313)(4)(0)(471)
Cost of goods and services sold(9)(9)(7)(5)(4) (471)
Amortization of value of business acquired (voba)     (0) 
Gross profit:4175593923211,5541,12172
Operating expenses(191)(301)(2,033)(1,635)(1,560)(1,119)(558)
Other operating income, net206     
Other undisclosed operating income (loss)(250)(234)1,5851,31340471
Operating income (loss):(4)29(56)(1)(1)2(14)
Nonoperating income (expense)697299(13)(3)(7)1
Investment income, nonoperating 1221   (0)
Foreign currency transaction gain, before tax      1
Other nonoperating income (expense)69679(13)(3)(7) 
Interest and debt expense(89)(95)(76)(55)(43)(39)(23)
Other undisclosed loss from continuing operations before equity method investments, income taxes      (1)
Income (loss) from continuing operations before equity method investments, income taxes:(24)(59)168(69)(48)(44)(37)
Income (loss) from equity method investments(3)2151811(3)3
Other undisclosed income (loss) from continuing operations before income taxes  (1)11(9) (3)
Income (loss) from continuing operations before income taxes:(28)(57)182(40)(46)(47)(37)
Income tax expense (benefit)(11)21(2)(11)(52)1124
Other undisclosed loss from continuing operations      (1)
Income (loss) from continuing operations:(38)(36)180(50)(97)(36)(14)
Loss from discontinued operations(64)    (0)(0)
Income (loss) before gain (loss) on sale of properties:(102)(36)180(50)(97)(36)(14)
Other undisclosed net income      4
Net income (loss):(102)(36)180(50)(97)(36)(10)
Net income (loss) attributable to noncontrolling interest105(18)430(3)
Net income (loss) attributable to parent:(92)(32)162(47)(95)(36)(12)
Preferred stock dividends and other adjustments(4) (6)(3)(11)(4)(2)
Net income (loss) available to common stockholders, diluted:(96)(32)156(50)(105)(40)(14)

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):(102)(36)180(50)(97)(36)(10)
Other comprehensive income (loss)230279(161)63   
Comprehensive income (loss):1282431913(97)(36)(10)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(8)(8)(15)430(3)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    14(17)(1)
Comprehensive income (loss), net of tax, attributable to parent:120235416(81)(53)(13)

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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