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)

12/31/2020
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 investments269196198390449356662
Cash and cash equivalents260182189375438344654
Short-term investments91491511128
Receivables635683725540530467470
Inventory, net of allowances, customer advances and progress billings607633651635532540442
Inventory607633651635532540442
Other current assets7762694040  
Other undisclosed current assets     2656
Total current assets:1,5881,5741,6441,6041,5511,3881,629
Noncurrent Assets
Property, plant and equipment519505502458440420401
Long-term investments and receivables71565658565044
Long-term investments71565658565044
Intangible assets, net (including goodwill)2,7342,5932,6041,5491,4231,3011,198
Goodwill1,9231,8121,7841,089991929875
Intangible assets, net (excluding goodwill)811782820460432372323
Other noncurrent assets1731756651555151
Total noncurrent assets:3,4983,3293,2282,1171,9741,8211,693
TOTAL ASSETS:5,0854,9034,8723,7213,5253,2093,323
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities724711722578531505456
Accounts payable378348394327292290244
Accrued liabilities254262227175156140130
Employee-related liabilities9210210277837576
Taxes payable      6
Debt1536581733482
Deferred revenue and credits   18
Other liabilities      66
Other undisclosed current liabilities726836555650(42)
Total current liabilities:948845839706590603499
Noncurrent Liabilities
Long-term debt and lease obligation1,5121,5061,737987991596598
Long-term debt, excluding current maturities1,4371,5061,737987991596598
Operating lease, liability75 
Liabilities, other than long-term debt, including:615592497380342261290
Accounts payable and accrued liabilities525859    
Deferred income tax liabilities135127
Liability, pension and other postretirement and postemployment benefits220220201238232175161
Other liabilities132115117118 5054
Other undisclosed liabilities, other than long-term debt7572120241093675
Other undisclosed noncurrent liabilities(75)      
Total noncurrent liabilities:2,0522,0982,2341,3671,332857888
Total liabilities:3,0002,9433,0732,0731,9221,4601,387
Stockholders' equity
Stockholders' equity attributable to parent, including:2,0701,9471,7811,6341,5931,7411,927
Additional paid in capital5 1111578147
Accumulated other comprehensive loss(329)(333)(286)(270)(303)(224)(164)
Retained earnings2,3942,2792,0641,8921,8791,8861,944
Other undisclosed stockholders' equity attributable to parent1111111
Stockholders' equity attributable to noncontrolling interest151318141089
Total stockholders' equity:2,0851,9611,7991,6481,6031,7491,936
TOTAL LIABILITIES AND EQUITY:5,0854,9034,8723,7213,5253,2093,323

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
Revenues4,1864,5914,4823,6693,5053,3903,359
Revenue, net3,6693,5053,3903,359
Cost of revenue
(Cost of Goods and Services Sold)
(2,977)(3,238)(3,181)(2,517)(2,405)(2,299)(2,250)
Gross profit:1,2091,3531,3001,1521,1011,0921,109
Operating expenses(676)(756)(744)(648)(623)(617)(614)
Other undisclosed operating income      23
Operating income:533597557504478475517
Nonoperating expense(12)(20)(18)(6)(4)(25)(1)
Investment income, nonoperating 201111
Other nonoperating expense(12)(21)(18)(7)(5)(26)(2)
Interest and debt expense(60)(69)(72)(55)(43)(31)(31)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(8)13     
Income from continuing operations before income taxes:454521467443430419486
Income tax expense(98)(113)(101)(193)(133)(137)(158)
Net income:356407366250298282327
Net loss attributable to noncontrolling interest(5)(7)(6)(7)(5)(5)(2)
Net income attributable to parent:351401360243293277325
Undistributed earnings (loss) allocated to participating securities, basic(1)(2)(1)(1)
Net income available to common stockholders, diluted:350399359242293277325

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:356407366250298282327
Other comprehensive income (loss)4(17)(16)33(78)(60)(93)
Comprehensive income:360390350283220222234
Comprehensive loss, net of tax, attributable to noncontrolling interest(5)(7)(6)(7)(5)(5)(2)
Comprehensive income, net of tax, attributable to parent:355384344276215217232

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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