Hubbell Inc (HUBB) financial statements (2022 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)

12/31/2021
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 investments296269196198390449356
Cash and cash equivalents286260182189375438344
Short-term investments99149151112
Receivables675635683725540530467
Inventory, net of allowances, customer advances and progress billings662607633651635532540
Inventory662607633651635532540
Disposal group, including discontinued operation180      
Other current assets677762694040 
Other undisclosed current assets      26
Total current assets:1,8791,5881,5741,6441,6041,5511,388
Noncurrent Assets
Property, plant and equipment460519505502458440420
Long-term investments and receivables69715656585650
Long-term investments69715656585650
Intangible assets, net (including goodwill)2,5532,7342,5932,6041,5491,4231,301
Goodwill1,8711,9231,8121,7841,089991929
Intangible assets, net (excluding goodwill)682811782820460432372
Disposal group, including discontinued operation, noncurrent assets177      
Other noncurrent assets14417317566515551
Total noncurrent assets:3,4023,4983,3293,2282,1171,9741,821
TOTAL ASSETS:5,2825,0854,9034,8723,7213,5253,209
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities891724711722578531505
Accounts payable533378348394327292290
Accrued liabilities263254262227175156140
Employee-related liabilities9592102102778375
Debt10153658173348
Disposal group, including discontinued operation91      
Other undisclosed current liabilities73726836555650
Total current liabilities:1,065948845839706590603
Noncurrent Liabilities
Long-term debt and lease obligation1,4361,5121,5061,737987991596
Long-term debt, excluding current maturities1,4361,4371,5061,737987991596
Operating lease, liability 75 
Liabilities, other than long-term debt, including:540615592497380342261
Accounts payable and accrued liabilities 525859   
Deferred income tax liabilities 135127
Liability, pension and other postretirement and postemployment benefits 220220201238232175
Disposal group, including discontinued operation, liabilities19      
Other liabilities521132115117118 50
Other undisclosed liabilities, other than long-term debt 75721202410936
Other undisclosed noncurrent liabilities (75)     
Total noncurrent liabilities:1,9762,0522,0982,2341,3671,332857
Total liabilities:3,0413,0002,9433,0732,0731,9221,460
Stockholders' equity
Stockholders' equity attributable to parent, including:2,2302,0701,9471,7811,6341,5931,741
Additional paid in capital 5 1111578
Accumulated other comprehensive loss(331)(329)(333)(286)(270)(303)(224)
Retained earnings2,5602,3942,2792,0641,8921,8791,886
Other undisclosed stockholders' equity attributable to parent1111111
Stockholders' equity attributable to noncontrolling interest1115131814108
Total stockholders' equity:2,2412,0851,9611,7991,6481,6031,749
TOTAL LIABILITIES AND EQUITY:5,2825,0854,9034,8723,7213,5253,209

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
Revenues4,1944,1864,5914,4823,6693,5053,390
Revenue, net3,6693,5053,390
Cost of revenue
(Cost of Goods and Services Sold)
(3,043)(2,977)(3,238)(3,181)(2,517)(2,405)(2,299)
Gross profit:1,1521,2091,3531,3001,1521,1011,092
Operating expenses(619)(676)(756)(744)(648)(623)(617)
Operating income:532533597557504478475
Nonoperating income (expense)5(12)(20)(18)(6)(4)(25)
Investment income, nonoperating  20111
Other nonoperating income (expense)5(12)(21)(18)(7)(5)(26)
Interest and debt expense(17)(60)(69)(72)(55)(43)(31)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (8)13    
Income from continuing operations before equity method investments, income taxes:521454521467443430419
Other undisclosed loss from continuing operations before income taxes(62)      
Income from continuing operations before income taxes:459454521467443430419
Income tax expense(88)(98)(113)(101)(193)(133)(137)
Income before gain (loss) on sale of properties:371356407366250298282
Other undisclosed net income35      
Net income:406356407366250298282
Net loss attributable to noncontrolling interest (5)(7)(6)(7)(5)(5)
Other undisclosed net loss attributable to parent(6)      
Net income attributable to parent:400351401360243293277
Undistributed earnings (loss) allocated to participating securities, basic(1)(1)(2)(1)(1)
Net income available to common stockholders, diluted:398350399359242293277

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:406356407366250298282
Other comprehensive income (loss)(2)4(17)(16)33(78)(60)
Comprehensive income:404360390350283220222
Comprehensive loss, net of tax, attributable to noncontrolling interest(6)(5)(7)(6)(7)(5)(5)
Comprehensive income, net of tax, attributable to parent:398355384344276215217

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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