Hexcel Corporation (HXL) financial statements (2022 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)

12/31/2021
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 investments1281036433603552
Cash and cash equivalents1281036433603552
Receivables160125228261249246234
Inventory, net of allowances, customer advances and progress billings246214333298314291307
Inventory246214333298314291307
Contract with customer, asset31435351
Derivative instruments and hedges, assets40     
Disposal group, including discontinued operation1313     
Other undisclosed current assets36382734343541
Total current assets:616536705676657607634
Noncurrent Assets
Property, plant and equipment1,7461,8741,9431,8771,8661,6261,426
Long-term investments and receivables45454749485330
Long-term investments45454749485330
Intangible assets, net (including goodwill), including:2682782801421497259
Goodwill1911931901081106753
Intangible assets, net (excluding goodwill)778591353966
Other undisclosed intangible assets, net (including goodwill)0  (0)   
Other noncurrent assets14518515481624339
Total noncurrent assets:2,2032,3822,4242,1482,1241,7941,554
TOTAL ASSETS:2,8192,9183,1292,8242,7812,4012,187
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities241179295317258268293
Accounts payable11370158162144137149
Accrued liabilities73656380416481
Employee-related liabilities54437476736763
Debt1110944 
Derivative instruments and hedges, liabilities6418    
Total current liabilities:248183323327262272293
Noncurrent Liabilities
Long-term debt and lease obligation8229261,104947806684577
Long-term debt, excluding current maturities8229261,051947806684577
Operating lease, liability  54
Liabilities, other than long-term debt264299154228218199139
Asset retirement obligations   42454039
Deferred income tax liabilities140153 
Liability, pension and other postretirement and postemployment benefits535453    
Other liabilities7192100186173159100
Other undisclosed noncurrent liabilities  102    
Total noncurrent liabilities:1,0861,2251,3601,1751,024884715
Total liabilities:1,3341,4081,6831,5021,2861,1561,008
Stockholders' equity
Stockholders' equity attributable to parent1,4861,5101,4461,3221,4951,2451,180
Common stock1111111
Treasury stock, value(1,280)(1,277)(1,245)(1,096)(731)(575)(458)
Additional paid in capital879850830798774739716
Accumulated other comprehensive loss(127)(60)(119)(108)(45)(174)(124)
Retained earnings2,0131,9961,9791,7271,4961,2551,044
Total stockholders' equity:1,4861,5101,4461,3221,4951,2451,180
TOTAL LIABILITIES AND EQUITY:2,8192,9183,1292,8242,7812,4012,187

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
Revenues1,3251,5022,3562,1891,9732,0041,861
Revenue, net1,9732,0041,861
Cost of revenue
(Cost of Goods and Services Sold)
(1,075)(1,263)(1,715)(1,608)(1,422)(1,440)(1,328)
Gross profit:250240640581552565533
Operating expenses(180)(168)(215)(202)(201)(205)(200)
Other operating expense, net(18)(58) (8)   
Operating income:5214425371351360332
Nonoperating expense(9)    (0) 
Other nonoperating expense(9)      
Interest and debt expense(38)(42)(46)(38)(27)(22)(14)
Other undisclosed income from continuing operations before equity method investments, income taxes17      
Income (loss) from continuing operations before equity method investments, income taxes:22(28)380334323338318
Income (loss) from equity method investments (2)4633 
Income (loss) from continuing operations before income taxes:22(29)383339327340318
Income tax expense (benefit)(6)61(77)(63)(43)(90)(83)
Net income attributable to parent:1632307277284250235
Other undisclosed net income available to common stockholders, basic      2
Net income available to common stockholders, diluted:1632307277284250237

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:1632307277284250235
Comprehensive income:1632307277284250235
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(67)59(11)(65)129(51)(52)
Comprehensive income (loss), net of tax, attributable to parent:(51)91296212413199183

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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