Hubbell Inc (HUBB) financial statements (2021 and earlier)

Company profile

Business Address 40 WATERVIEW DR
SHELTON, CT 06484-1000
State of Incorp. CT
Fiscal Year End December 31
SIC 367 - Electronic Components And Accessories (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 investments196198390449356662751
Cash and cash equivalents182189375438344654741
Short-term investments149151112810
Receivables683725540530467470441
Inventory, net of allowances, customer advances and progress billings633651635532540442386
Inventory633651635532540442386
Other current assets62694040   
Other undisclosed current assets    265655
Total current assets:1,5741,6441,6041,5511,3881,6291,632
Noncurrent Assets
Property, plant and equipment505502458440420401377
Long-term investments and receivables56565856504436
Long-term investments56565856504436
Intangible assets, net (including goodwill)2,5932,6041,5491,4231,3011,1981,087
Goodwill1,8121,7841,089991929875800
Intangible assets, net (excluding goodwill)782820460432372323287
Other noncurrent assets1756651555151 
Prepaid expense and other noncurrent assets55
Total noncurrent assets:3,3293,2282,1171,9741,8211,6931,555
TOTAL ASSETS:4,9034,8723,7213,5253,2093,3233,187
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities711722578531505456437
Accounts payable348394327292290244226
Accrued liabilities262227175156140130124
Employee-related liabilities1021027783757675
Taxes payable     612
Debt65817334820
Deferred revenue and credits   1816
Other liabilities     6658
Other undisclosed current liabilities6836555650(42)(43)
Total current liabilities:845839706590603499467
Noncurrent Liabilities
Long-term debt and lease obligation1,5061,737987991596598597
Long-term debt, excluding current maturities1,5061,737987991596598597
Liabilities, other than long-term debt, including:592497380342261290208
Pension and other postretirement defined benefit plans, liabilities105
Accounts payable and accrued liabilities5859     
Deferred income tax liabilities127
Liability, pension and other postretirement and postemployment benefits220201238232175161
Other liabilities115117118 505437
Other undisclosed liabilities, other than long-term debt7212024109367567
Total noncurrent liabilities:2,0982,2341,3671,332857888805
Total liabilities:2,9433,0732,0731,9221,4601,3871,272
Stockholders' equity
Stockholders' equity attributable to parent, including:1,9471,7811,6341,5931,7411,9271,906
Additional paid in capital 111157814744
Accumulated other comprehensive loss(333)(286)(270)(303)(224)(164)(71)
Retained earnings2,2792,0641,8921,8791,8861,9441,933
Other undisclosed stockholders' equity attributable to parent1111111
Stockholders' equity attributable to noncontrolling interest13181410898
Total stockholders' equity:1,9611,7991,6481,6031,7491,9361,915
TOTAL LIABILITIES AND EQUITY:4,9034,8723,7213,5253,2093,3233,187

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
Revenues4,5914,4823,6693,5053,3903,3593,184
Revenue, net3,6693,5053,3903,3593,184
Cost of revenue
(Cost of Goods and Services Sold)
(3,238)(3,181)(2,517)(2,405)(2,299)(2,250)(2,113)
Gross profit:1,3531,3001,1521,1011,0921,1091,071
Operating expenses(756)(744)(648)(623)(617)(614)(583)
Other undisclosed operating income     2320
Operating income:597557504478475517508
Nonoperating expense(20)(18)(6)(4)(25)(1)(3)
Investment income, nonoperating2011111
Other nonoperating expense(21)(18)(7)(5)(26)(2)(4)
Interest and debt expense(69)(72)(55)(43)(31)(31)(31)
Other undisclosed income from continuing operations before equity method investments, income taxes13      
Income from continuing operations before income taxes:521467443430419486474
Income tax expense(113)(101)(193)(133)(137)(158)(144)
Net income:407366250298282327330
Net loss attributable to noncontrolling interest(7)(6)(7)(5)(5)(2)(3)
Net income attributable to parent:401360243293277325327
Undistributed earnings (loss) allocated to participating securities, basic(2)(1)(1)
Net income available to common stockholders, diluted:399359242293277325327

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:407366250298282327330
Other comprehensive income (loss)(17)(16)33(78)(60)(93)48
Comprehensive income:390350283220222234378
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(7)(6)(7)(5)(5)(2)3
Other undisclosed comprehensive loss, net of tax, attributable to parent      (7)
Comprehensive income, net of tax, attributable to parent:384344276215217232375

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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