International Textile Group Inc (ITXN) financial statements (2021 and earlier)

Company profile

Business Address 804 GREEN VALLEY ROAD
GREENSBORO, NC 27408
State of Incorp. DE
Fiscal Year End December 31
SIC 22 - Textile Mill Products (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12943
Cash and cash equivalents12943
Receivables70738178
Inventory, net of allowances, customer advances and progress billings9994103110
Inventory9994103110
Prepaid expense234
Prepaid expense and other current assets4
Assets held-for-sale 0
Other current assets111
Other undisclosed current assets 322
Total current assets:184183194196
Noncurrent Assets
Property, plant and equipment107104105141
Long-term investments and receivables   0
Long-term investments   0
Intangible assets, net (including goodwill)4445
Goodwill3333
Intangible assets, net (excluding goodwill)1222
Regulated entity, other noncurrent assets0   
Other noncurrent assets844
Prepaid expense and other noncurrent assets2
Other undisclosed noncurrent assets7692
Total noncurrent assets:125119123150
TOTAL ASSETS:309302317346
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities69797691
Accounts payable45404846
Accrued liabilities24222033
Employee-related liabilities 875
Taxes payable 728
Interest and dividends payable 1  
Debt39565792
Liability for uncertainty in income taxes 218
Deferred tax liabilities   5
Other undisclosed current liabilities1(18)(7)(13)
Total current liabilities:109119127183
Noncurrent Liabilities
Long-term debt and lease obligation, including: 222251101
Long-term debt, excluding current maturities 222251246
Other undisclosed long-term debt and lease obligation   (145)
Liabilities, other than long-term debt20282730
Accounts payable and accrued liabilities23  
Accrued income taxes42
Deferred tax liabilities, net1333
Liability, pension and other postretirement and postemployment benefits 1
Other liabilities17212125
Other undisclosed noncurrent liabilities230(1) 145
Total noncurrent liabilities:250249278276
Total liabilities:359368405459
Stockholders' equity
Stockholders' equity attributable to parent, including:(50)(66)(88)(113)
Common stock00 0
Treasury stock, value(0)(0) (0)
Additional paid in capital2222 34
Accumulated other comprehensive loss(8)(7)(6)(8)
Accumulated deficit(258)(275) (567)
Other undisclosed stockholders' equity attributable to parent193193(82)429
Stockholders' equity attributable to noncontrolling interest   0
Total stockholders' equity:(50)(66)(88)(113)
TOTAL LIABILITIES AND EQUITY:309302317346

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

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues610599624619
Revenue, net610595624619
Cost of revenue
(Cost of Goods and Services Sold)
(523)(524)(550)(564)
Other undisclosed gross profit (4)  
Gross profit:88717455
Operating expenses(49)(51)(61)(60)
Other operating income (expense), net 14(9)(6)
Other undisclosed operating income (loss)4(9)2729
Operating income:43263117
Nonoperating expense(25)(15)(40)(52)
Investment income, nonoperating 906
Other nonoperating income (expense)314(10)(6)
Interest and debt expense(7)(11)(12)(19)
Other undisclosed income from continuing operations before equity method investments, income taxes7111219
Income (loss) from continuing operations before equity method investments, income taxes:1811(9)(35)
Income (loss) from equity method investments(0)(0)0(1)
Income (loss) from continuing operations before income taxes:1811(9)(35)
Income tax expense (benefit)(1)(3)10(4)
Income (loss) from continuing operations:1772(39)
Income (loss) from discontinued operations(0)(7)22(28)
Income (loss) before gain (loss) on sale of properties:17123(67)
Other undisclosed net loss (1)  
Net income (loss):17023(67)
Net income attributable to noncontrolling interest   3
Net income (loss) attributable to parent:17023(65)
Preferred stock dividends and other adjustments(17)(16)(34) 
Other undisclosed net loss available to common stockholders, basic   (27)
Net loss available to common stockholders, diluted:(0)(15)(11)(91)

Comprehensive Income ($ in millions)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):17023(67)
Other comprehensive income (loss)(1)(1)2 
Other undisclosed comprehensive loss   (0)
Comprehensive income (loss):16(1)25(68)
Comprehensive loss, net of tax, attributable to noncontrolling interest   (3)
Other undisclosed comprehensive income, net of tax, attributable to parent   5
Comprehensive income (loss), net of tax, attributable to parent:16(1)25(65)

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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