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)

12/31/2020
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 investments103643360355271
Cash and cash equivalents103643360355271
Receivables125228261249246234234
Inventory, net of allowances, customer advances and progress billings214333298314291307290
Inventory214333298314291307290
Contract with customer, asset435351
Derivative instruments and hedges, assets0      
Disposal group, including discontinued operation13      
Other undisclosed current assets38273434354187
Total current assets:536705676657607634682
Noncurrent Assets
Property, plant and equipment1,8741,9431,8771,8661,6261,4261,238
Long-term investments and receivables45474948533034
Long-term investments45474948533034
Intangible assets, net (including goodwill), including:278280142149725960
Goodwill193190108110675354
Intangible assets, net (excluding goodwill)85913539666
Other undisclosed intangible assets, net (including goodwill)  (0)    
Other noncurrent assets1851548162433923
Total noncurrent assets:2,3822,4242,1482,1241,7941,5541,355
TOTAL ASSETS:2,9183,1292,8242,7812,4012,1872,036
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities179295317258268293309
Accounts payable70158162144137149175
Accrued liabilities65638041648168
Employee-related liabilities43747673676366
Debt110944 1
Derivative instruments and hedges, liabilities418     
Accrued environmental loss contingencies      3
Other undisclosed current liabilities      (3)
Total current liabilities:183323327262272293311
Noncurrent Liabilities
Long-term debt and lease obligation9261,104947806684577415
Long-term debt, excluding current maturities9261,051947806684577415
Operating lease, liability 54
Liabilities, other than long-term debt299154228218199139240
Asset retirement obligations  4245403939
Deferred tax liabilities, net    79
Deferred income tax liabilities153 
Liability, pension and other postretirement and postemployment benefits5453     
Other liabilities92100186173159100122
Other undisclosed noncurrent liabilities 102    (79)
Total noncurrent liabilities:1,2251,3601,1751,024884715576
Total liabilities:1,4081,6831,5021,2861,1561,008887
Stockholders' equity
Stockholders' equity attributable to parent1,5101,4461,3221,4951,2451,1801,150
Common stock1111111
Treasury stock, value(1,277)(1,245)(1,096)(731)(575)(458)(305)
Additional paid in capital850830798774739716679
Accumulated other comprehensive loss(60)(119)(108)(45)(174)(124)(70)
Retained earnings1,9961,9791,7271,4961,2551,044846
Total stockholders' equity:1,5101,4461,3221,4951,2451,1801,150
TOTAL LIABILITIES AND EQUITY:2,9183,1292,8242,7812,4012,1872,036

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
Revenues1,5022,3562,1891,9732,0041,8611,850
Revenue, net1,9732,0041,8611,856
Cost of revenue
(Cost of Goods and Services Sold)
(1,263)(1,715)(1,608)(1,422)(1,440)(1,328)(1,347)
Other undisclosed gross profit      6
Gross profit:240640581552565533509
Operating expenses(168)(215)(202)(201)(205)(200)(203)
Other operating expense, net(58) (8)    
Other undisclosed operating income      0
Operating income:14425371351360332306
Nonoperating expense    (0) (1)
Interest and debt expense(42)(46)(38)(27)(22)(14)(8)
Income (loss) from continuing operations before equity method investments, income taxes:(28)380334323338318297
Income (loss) from equity method investments(2)4633  
Income (loss) from continuing operations before income taxes:(29)383339327340318297
Income tax expense (benefit)61(77)(63)(43)(90)(83)(89)
Net income attributable to parent:32307277284250235208
Other undisclosed net income available to common stockholders, basic     21
Net income available to common stockholders, diluted:32307277284250237209

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:32307277284250235208
Comprehensive income:32307277284250235208
Other undisclosed comprehensive income (loss), net of tax, attributable to parent59(11)(65)129(51)(52)(79)
Comprehensive income, net of tax, attributable to parent:91296212413199183129

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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