Hexcel Corporation (HXL) financial statements (2021 and earlier)

Company profile

Business Address TWO STAMFORD PLAZA
STAMFORD, CT 06901
State of Incorp. DE
Fiscal Year End December 31
SIC 2821 - Plastics Materials, Synthetic Resins, and Nonvulcanizable Elastomers (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 investments64336035527166
Cash and cash equivalents64336035527166
Receivables228261249246234234232
Inventory, net of allowances, customer advances and progress billings333298314291307290265
Inventory333298314291307290265
Contract with customer, asset5351
Other undisclosed current assets27343435418793
Total current assets:705676657607634682656
Noncurrent Assets
Property, plant and equipment1,9431,8771,8661,6261,4261,2381,067
Long-term investments and receivables47494853303423
Long-term investments47494853303423
Intangible assets, net (including goodwill), including:28014214972596061
Goodwill19010811067535455
Intangible assets, net (excluding goodwill)9135396667
Other undisclosed intangible assets, net (including goodwill) (0)    (0)
Other noncurrent assets154816243392318
Other undisclosed noncurrent assets      10
Total noncurrent assets:2,4242,1482,1241,7941,5541,3551,180
TOTAL ASSETS:3,1292,8242,7812,4012,1872,0361,836
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities295317258268293309225
Accounts payable158162144137149175136
Accrued liabilities638041648168 
Employee-related liabilities74767367636689
Debt10944 13
Derivative instruments and hedges, liabilities18      
Accrued environmental loss contingencies     33
Deferred tax liabilities     1
Other undisclosed current liabilities     (3)36
Total current liabilities:323327262272293311269
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,104947806684577415292
Long-term debt, excluding current maturities1,051947806684577415 
Operating lease, liability54
Other undisclosed long-term debt and lease obligation      292
Liabilities, other than long-term debt15422821819913924066
Asset retirement obligations 424540393941
Deferred tax liabilities, net    79(49)
Liability, pension and other postretirement and postemployment benefits53     
Other liabilities10018617315910012274
Other undisclosed noncurrent liabilities102    (79)49
Total noncurrent liabilities:1,3601,1751,024884715576407
Total liabilities:1,6831,5021,2861,1561,008887676
Stockholders' equity
Stockholders' equity attributable to parent1,4461,3221,4951,2451,1801,1501,160
Common stock1111111
Treasury stock, value(1,245)(1,096)(731)(575)(458)(305)(130)
Additional paid in capital830798774739716679642
Accumulated other comprehensive income (loss)(119)(108)(45)(174)(124)(70)11
Retained earnings1,9791,7271,4961,2551,044846636
Total stockholders' equity:1,4461,3221,4951,2451,1801,1501,160
TOTAL LIABILITIES AND EQUITY:3,1292,8242,7812,4012,1872,0361,836

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
Revenues2,3562,1891,9732,0041,8611,8501,678
Revenue, net1,9732,0041,8611,8561,678
Cost of revenue
(Cost of Goods and Services Sold)
(1,715)(1,608)(1,422)(1,440)(1,328)(1,347)(1,224)
Other undisclosed gross profit     6 
Gross profit:640581552565533509454
Operating expenses(215)(202)(201)(205)(200)(203)(183)
Other operating expense, net (8)     
Other undisclosed operating income (loss)     0(0)
Operating income:425371351360332306271
Nonoperating expense   (0) (1)(1)
Interest and debt expense(46)(38)(27)(22)(14)(8)(7)
Income from continuing operations before equity method investments, income taxes:380334323338318297263
Income from equity method investments4633   
Income from continuing operations before income taxes:383339327340318297263
Income tax expense(77)(63)(43)(90)(83)(89)(76)
Net income attributable to parent:307277284250235208187
Other undisclosed net income available to common stockholders, basic    211
Net income available to common stockholders, diluted:307277284250237209188

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:307277284250235208187
Comprehensive income:307277284250235208187
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(11)(65)129(51)(52)(79)44
Comprehensive income, net of tax, attributable to parent:296212413199183129231

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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