Horizon Global Corporation (HZN) financial statements (2021 and earlier)

Company profile

Business Address 47912 HALYARD DRIVE
PLYMOUTH, MI 48170
State of Incorp.
Fiscal Year End December 31
SIC 3714 - Motor Vehicle Parts 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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments451228305024
Cash and cash equivalents451228305024
Restricted cash and investments6     
Receivables8772108927863
Inventory, net of allowances, customer advances and progress billings115137174172146119
Inventory115137174172146119
Other undisclosed current assets1291011125
Total current assets:265229319304286211
Noncurrent Assets
Operating lease, right-of-use asset4746
Property, plant and equipment74761021139446
Intangible assets, net (including goodwill)62649122820760
Goodwill34131381204
Intangible assets, net (excluding goodwill)586078908756
Deferred income tax assets10
Other noncurrent assets766121710
Deferred tax assets, net  95
Other undisclosed noncurrent assets  34  
Total noncurrent assets:192192202357327120
TOTAL ASSETS:456421521661613332
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities159127189192175118
Accounts payable1007812313911179
Accrued liabilities594966536440
Debt14414172310
Other undisclosed current liabilities1210    
Total current liabilities:185141203209198128
Noncurrent Liabilities
Long-term debt and lease obligation, including:298205351259327179
Long-term debt, excluding current maturities252237    
Operating lease, liability4648
Other undisclosed long-term debt and lease obligation (80)351259327179
Liabilities, other than long-term debt181820385622
Deferred tax liabilities, net  263
Deferred income tax liabilities34
Other liabilities151420383020
Other undisclosed noncurrent liabilities(21)481415  
Total noncurrent liabilities:295271385312383201
Total liabilities:480412588521581330
Stockholders' equity
Stockholders' equity attributable to parent(19)12(64)142322
Common stock000000
Treasury stock, value(10)(10)(10)(10)  
Additional paid in capital167163161159551
Accumulated other comprehensive income (loss)(7)(10)810(8)2
Accumulated deficit(179)(142)(223)(18)(14)(2)
Warrants and rights outstanding1011    
Stockholders' equity attributable to noncontrolling interest(5)(4)(3)(1)(0) 
Total stockholders' equity:(24)9(66)140322
TOTAL LIABILITIES AND EQUITY:456421521661613332

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues661690850893649576
Revenue, net893649576
Cost of revenue
(Cost of Goods and Services Sold)
(541)(594)(706)(685)(489)(432)
Gross profit:12196144208160143
Operating expenses(127)(153)(312)(172)(154)(121)
Other undisclosed operating loss  (2)(1)(1)(2)
Operating income (loss):(7)(57)(170)35620
Nonoperating expense(0)(5)(41)(30)(23)(13)
Other nonoperating expense(0)(5)(13)(3)(3)(4)
Interest and debt expense(32)(58)(28)(5)(20)(9)
Other undisclosed income from continuing operations before equity method investments, income taxes  285209
Income (loss) from continuing operations before income taxes:(39)(121)(211)5(16)7
Income tax expense (benefit)2116(10)41
Income (loss) from continuing operations:(37)(110)(205)(5)(13)8
Income (loss) from discontinued operations(1)190    
Net income (loss):(38)80(205)(5)(13)8
Net income attributable to noncontrolling interest11110 
Net income (loss) available to common stockholders, diluted:(37)81(204)(4)(12)8

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(38)80(205)(5)(13)8
Other comprehensive income (loss)3(0)(3)18(11)(10)
Comprehensive income (loss):(35)79(208)14(23)(2)
Comprehensive income, net of tax, attributable to noncontrolling interest1111  
Other undisclosed comprehensive income, net of tax, attributable to parent    0 
Comprehensive income (loss), net of tax, attributable to parent:(33)80(207)15(23)(2)

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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