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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1228305024
Cash and cash equivalents1228305024
Receivables72108927863
Inventory, net of allowances, customer advances and progress billings137174172146119
Inventory137174172146119
Other undisclosed current assets91011125
Total current assets:229319304286211
Noncurrent Assets
Operating lease, right-of-use asset46
Property, plant and equipment761021139446
Intangible assets, net (including goodwill)649122820760
Goodwill4131381204
Intangible assets, net (excluding goodwill)6078908756
Deferred income tax assets0
Other noncurrent assets66121710
Deferred tax assets, net  95
Other undisclosed noncurrent assets 34  
Total noncurrent assets:192202357327120
TOTAL ASSETS:421521661613332
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities127189192175118
Accounts payable7812313911179
Accrued liabilities4966536440
Debt414172310
Other undisclosed current liabilities10    
Total current liabilities:141203209198128
Noncurrent Liabilities
Long-term debt and lease obligation, including:205351259327179
Long-term debt, excluding current maturities237    
Operating lease, liability48
Other undisclosed long-term debt and lease obligation(80)351259327179
Liabilities, other than long-term debt1820385622
Deferred tax liabilities, net  263
Deferred income tax liabilities4
Other liabilities1420383020
Other undisclosed noncurrent liabilities481415  
Total noncurrent liabilities:271385312383201
Total liabilities:412588521581330
Stockholders' equity
Stockholders' equity attributable to parent12(64)142322
Common stock00000
Treasury stock, value(10)(10)(10)  
Additional paid in capital163161159551
Accumulated other comprehensive income (loss)(10)810(8)2
Accumulated deficit(142)(223)(18)(14)(2)
Warrants and rights outstanding11    
Stockholders' equity attributable to noncontrolling interest(4)(3)(1)(0) 
Total stockholders' equity:9(66)140322
TOTAL LIABILITIES AND EQUITY:421521661613332

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues690850893649576
Revenue, net893649576
Cost of revenue
(Cost of Goods and Services Sold)
(594)(706)(685)(489)(432)
Gross profit:96144208160143
Operating expenses(153)(312)(172)(154)(121)
Other undisclosed operating loss (2)(1)(1)(2)
Operating income (loss):(57)(170)35620
Nonoperating expense(5)(41)(30)(23)(13)
Other nonoperating expense(5)(13)(3)(3)(4)
Interest and debt expense(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:(121)(211)5(16)7
Income tax expense (benefit)116(10)41
Income (loss) from continuing operations:(110)(205)(5)(13)8
Income from discontinued operations190    
Net income (loss):80(205)(5)(13)8
Net income attributable to noncontrolling interest1110 
Net income (loss) available to common stockholders, diluted:81(204)(4)(12)8

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):80(205)(5)(13)8
Other comprehensive income (loss)(0)(3)18(11)(10)
Comprehensive income (loss):79(208)14(23)(2)
Comprehensive income, net of tax, attributable to noncontrolling interest111  
Other undisclosed comprehensive income, net of tax, attributable to parent   0 
Comprehensive income (loss), net of tax, attributable to parent: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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