Harsco Corporation (HSC) financial statements (2021 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)

12/31/2019
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 investments57646272806394
Cash and cash equivalents57646272806394
Restricted cash and investments234    
Receivables331345308258285353353
Inventory, net of allowances, customer advances and progress billings157133178188217177156
Inventory157133178188217177156
Contract with customer, asset3124
Disposal group, including discontinued operation22    1 
Assets held-for-sale114
Other current assets52353961838776
Other undisclosed current assets      46
Total current assets:653605592578665682839
Noncurrent Assets
Property, plant and equipment562470480490564663711
Long-term investments and receivables   2253289299
Long-term investments   2253289299
Intangible assets, net (including goodwill)1,037491440424453475485
Goodwill738412402382400416431
Intangible assets, net (excluding goodwill)299803842535953
Deferred income tax assets14
Other noncurrent assets17171588137156108
Other undisclosed noncurrent assets844952    
Total noncurrent assets:1,7151,0289871,0041,4071,5821,603
TOTAL ASSETS:2,3671,6331,5791,5812,0712,2642,442
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities233210192159183219242
Accounts payable177149126108136147181
Employee-related liabilities38586047395453
Taxes payable19354427
Interest and dividends payable    417 
Deferred revenue54
Debt20172030554228
Provision for loss on contracts6      
Due to related parties    222222
Self insurance reserve10411112111211
Business combination, contingent consideration, liability3     
Deferred tax liabilities   110
Customer advances and deposits118117107117
Contract with customer, liability31
Other liabilities137119133110119145130
Other undisclosed current liabilities0   77174
Total current liabilities:465417474428506566607
Noncurrent Liabilities
Long-term debt and lease obligation775586567629856830783
Long-term debt, excluding current maturities775586567629856830783
Liabilities, other than long-term debt288317323387385490418
Pension and other postretirement defined benefit plans, liabilities241
Deferred revenue6
Contract with customer, liability38
Deferred tax liabilities, net  31268
Liability, pension and other postretirement and postemployment benefits190214259320242351
Due to related parties    587184
Other liabilities73464139432643
Self insurance reserve19202225303542
Other undisclosed noncurrent liabilities49   142027
Total noncurrent liabilities:1,1139028891,0161,2541,3401,228
Total liabilities:1,5781,3191,3641,4441,7611,9051,835
Stockholders' equity
Stockholders' equity attributable to parent74226817096272314564
Common stock143142141141141140140
Treasury stock, value(839)(796)(762)(760)(760)(750)(746)
Additional paid in capital201191180172171166159
Accumulated other comprehensive loss(588)(567)(547)(607)(516)(532)(371)
Retained earnings1,8241,2991,1581,1511,2361,2901,381
Stockholders' equity attributable to noncontrolling interest48454541394443
Total stockholders' equity:790313215138311358607
TOTAL LIABILITIES AND EQUITY:2,3671,6331,5791,5812,0712,2642,442

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
Revenues1,5041,7221,6071,4511,7232,0662,897
Revenue, net1,6071,4511,7232,0662,897
Cost of revenue(1,142)(1,287)(1,225)(1,183)(1,388)(1,647)(2,508)
Cost of goods and services sold (2)(1,221)(1,170)(1,356)(1,647)(2,234)
Gross profit:362435382268335419389
Operating expenses(258)(244)(239)(205)(247)(363)(524)
Other operating income (expense), net32(5)(13)(31)(58) 
Other nonrecurring (income) expense    (7)  
Other undisclosed operating income (loss)(3)(2)5133166 
Operating income (loss):104191143638963(135)
Nonoperating income
(Investment Income, Nonoperating)
2222222
Interest and debt expense(44)(39)(50)(87)(47)(47)(50)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(5)3 (58)(8)(10)(1)
Income (loss) from continuing operations before equity method investments, income taxes:5615795(79)358(183)
Income (loss) from equity method investments00 60(2)2
Income (loss) from continuing operations before income taxes:5715895(74)357(182)
Income tax expense(20)(13)(84)(7)(28)(27)(35)
Income (loss) from continuing operations:3714512(80)7(20)(217)
Income (loss) from discontinued operations(121)001(1)01
Income (loss) before gain (loss) on sale of properties:(84)14512(80)6(20)(216)
Other undisclosed net income (loss)597     (2)
Net income (loss):51214512(80)6(20)(218)
Net loss attributable to noncontrolling interest(8)(8)(4)(6)(0)(4)(10)
Net income (loss) available to common stockholders, diluted:5041378(86)6(25)(228)

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):51214512(80)6(20)(218)
Other comprehensive income (loss)(0)(22)63(94)14(163)41
Comprehensive income (loss):51212475(173)20(184)(177)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(7)(5)(7)(3)2(3)10
Other undisclosed comprehensive loss, net of tax, attributable to parent      (20)
Comprehensive income (loss), net of tax, attributable to parent:50511868(177)23(187)(187)

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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