Harsco Corporation (HSC) financial statements (2022 and earlier)

Company profile

Business Address 350 POPLAR CHURCH ROAD
CAMP HILL, PA 17011
State of Incorp. DE
Fiscal Year End December 31
SIC 89 - Miscellaneous Services (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 investments83765764627280
Cash and cash equivalents83765764627280
Restricted cash and investments43234  
Receivables411442331345308258285
Inventory, net of allowances, customer advances and progress billings70173157133178188217
Inventory70173157133178188217
Contract with customer, asset 553124
Disposal group, including discontinued operation265 22    
Other current assets10115235396183
Other undisclosed current assets3156     
Total current assets:875816653605592578665
Noncurrent Assets
Operating lease, right-of-use asset10297 
Property, plant and equipment654668562470480490564
Long-term investments and receivables     2253
Long-term investments     2253
Intangible assets, net (including goodwill)1,2861,3411,037491440424453
Goodwill883902738412402382400
Intangible assets, net (excluding goodwill)40343929980384253
Disposal group, including discontinued operation, noncurrent assets71      
Deferred income tax assets181514
Other noncurrent assets485617171588137
Other undisclosed noncurrent assets  844952  
Total noncurrent assets:2,1792,1771,7151,0289871,0041,407
TOTAL ASSETS:3,0542,9932,3671,6331,5791,5812,071
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities241267233210192159183
Accounts payable186218177149126108136
Employee-related liabilities48463858604739
Taxes payable63193544
Interest and dividends payable      4
Deferred revenue 4054
Debt22232017203055
Provision for loss on contracts3346    
Due to related parties      22
Self insurance reserve 131041111211
Business combination, contingent consideration, liability  3    
Deferred tax liabilities   1
Customer advances and deposits118117107
Contract with customer, liability31
Other liabilities155172137119133110119
Other undisclosed current liabilities150190   7
Total current liabilities:601538465417474428506
Noncurrent Liabilities
Long-term debt and lease obligation1,4341,348775586567629856
Long-term debt, excluding current maturities1,3591,271775586567629856
Finance lease, liability 7 
Operating lease, liability7570 
Liabilities, other than long-term debt213371288317323387385
Deferred revenue 456
Contract with customer, liability38
Deferred tax liabilities, net  312
Deferred income tax liabilities3441 
Liability, pension and other postretirement and postemployment benefits94231190214259320242
Accrued environmental loss contingencies28      
Due to related parties      58
Disposal group, including discontinued operation, liabilities8      
Other liabilities48397346413943
Self insurance reserve 151920222530
Other undisclosed noncurrent liabilities 2349   14
Total noncurrent liabilities:1,6471,7421,1139028891,0161,254
Total liabilities:2,2482,2801,5781,3191,3641,4441,761
Stockholders' equity
Stockholders' equity attributable to parent74865774226817096272
Common stock145144143142141141141
Treasury stock, value(847)(843)(839)(796)(762)(760)(760)
Additional paid in capital216204201191180172171
Accumulated other comprehensive loss(560)(646)(588)(567)(547)(607)(516)
Retained earnings1,7951,7981,8241,2991,1581,1511,236
Stockholders' equity attributable to noncontrolling interest58564845454139
Total stockholders' equity:806713790313215138311
TOTAL LIABILITIES AND EQUITY:3,0542,9932,3671,6331,5791,5812,071

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
Revenues1,8481,8641,5041,7221,6071,4511,723
Revenue, net1,6071,4511,723
Cost of revenue(1,487)(1,512)(1,142)(1,287)(1,225)(1,183)(1,388)
Cost of goods and services sold   (2)(1,221)(1,170)(1,356)
Gross profit:362352362435382268335
Operating expenses(273)(331)(258)(244)(239)(205)(247)
Other operating income (expense), net4(11)32(5)(13)(31)
Other nonrecurring (income) expense      (7)
Other undisclosed operating income (loss)(4)11(3)(2)51331
Operating income:88211041911436389
Nonoperating income (expense)(3)022222
Investment income, nonoperating2222222
Other nonoperating expense(6)(2)     
Interest and debt expense(63)(60)(44)(39)(50)(87)(47)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes167(5)3 (58)(8)
Income (loss) from continuing operations before equity method investments, income taxes:38(31)5615795(79)35
Income (loss) from equity method investments(0)000 60
Income (loss) from continuing operations before income taxes:37(31)5715895(74)35
Income tax expense (benefit)(9)3(20)(13)(84)(7)(28)
Income (loss) from continuing operations:28(28)3714512(80)7
Income (loss) from discontinued operations(25)(12)(121)001(1)
Income (loss) before gain (loss) on sale of properties:3(40)(84)14512(80)6
Other undisclosed net income 18597    
Net income (loss):3(22)51214512(80)6
Net loss attributable to noncontrolling interest(6)(4)(8)(8)(4)(6)(0)
Net income (loss) available to common stockholders, diluted:(3)(26)5041378(86)6

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):3(22)51214512(80)6
Other comprehensive income (loss)84(55)(0)(22)63(94)14
Comprehensive income (loss):87(77)51212475(173)20
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(4)(7)(7)(5)(7)(3)2
Comprehensive income (loss), net of tax, attributable to parent:82(84)50511868(177)23

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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