Kaman Corporation (KAMN) financial statements (2021 and earlier)

Company profile

Business Address 1332 BLUE HILLS AVE
BLOOMFIELD, CT 06002
State of Incorp. CT
Fiscal Year End December 31
SIC 376 - Guided Missiles And Space Vehicles And Parts (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 investments1044722837411612
Cash and cash equivalents1044722837411612
Restricted cash and investments25      
Receivables157165303316237242235
Inventory, net of allowances, customer advances and progress billings185156295357365357351
Inventory185156295367394386360
Progress payments netted against inventory for long-term contracts or programs   (11)(29)(29)(9)
Contract with customer, asset109122109
Capitalized contract cost466
Other current assets12163327273230
Other undisclosed current assets2  11292934
Total current assets:598936773748699676662
Noncurrent Assets
Finance lease, right-of-use asset 6
Operating lease, right-of-use asset1315
Property, plant and equipment211140184185177176148
Intangible assets, net (including goodwill)397249436469464497333
Goodwill247195345352338353239
Intangible assets, net (excluding goodwill)150539111712614594
Capitalized contract cost, net8611
Deferred income tax assets40 
Other noncurrent assets39373226282523
Other undisclosed noncurrent assets 292428596735
Total noncurrent assets:708482687708728765539
TOTAL ASSETS:1,3061,4191,4601,4551,4261,4411,201
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities167157260230221220209
Accounts payable6071159128117121117
Accrued liabilities36385553605948
Employee-related liabilities71434748434042
Taxes payable0502103
Deferred revenue3943
Debt4498120517
Disposal group, including discontinued operation18      
Customer advances and deposits913112
Contract with customer, liability29
Other undisclosed current liabilities      (7)
Total current liabilities:228204298246354237222
Noncurrent Liabilities
Long-term debt and lease obligation199199284392297436271
Long-term debt, excluding current maturities185182284392297436271
Finance lease, liability46
Operating lease, liability912
Liabilities, other than long-term debt, including:67565447455146
Deferred revenue11 
Deferred tax liabilities, net    3
Deferred income tax liabilities7 
Liability, pension and other postretirement and postemployment benefits 97105127156159142
Disposal group, including discontinued operation, liabilities1      
Other liabilities48      
Other undisclosed liabilities, other than long-term debt (41)(51)(80)(112)(108)(99)
Total noncurrent liabilities:266255338439342487317
Total liabilities:495459637685695724539
Temporary equity, carrying amount    2  
Stockholders' equity
Stockholders' equity attributable to parent746823633636566543518
Common stock30303029282828
Treasury stock, value(121)(105)(72)(51)(37)(22)(9)
Additional paid in capital239228200185171157146
Accumulated other comprehensive loss(131)(151)(135)(116)(156)(140)(126)
Retained earnings729821610588560521480
Total stockholders' equity:746823633636566543518
Other undisclosed liabilities and equity65137191135163174145
TOTAL LIABILITIES AND EQUITY:1,3061,4191,4601,4551,4261,4411,201

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
Revenues7847621,8751,8061,8081,7751,795
Revenue, net1,8061,8081,7751,795
Cost of revenue
(Cost of Goods and Services Sold)
(539)(521)(1,325)(1,258)(1,259)(1,258)(1,287)
Gross profit:246241550547549517508
Operating expenses(200)(181)(449)(431)(443)(413)(409)
Other undisclosed operating income (loss)(130)(6)(18)(3)  11
Operating income (loss):(84)5383114106105111
Nonoperating income (expense)171121(0)(3)(1)
Net periodic defined benefits expense (reversal of expense), excluding service cost component16012
Other nonoperating income (expense)1001(0)(3)(1)
Interest and debt expense(19)(17)(20)(21)(16)(13)(13)
Income (loss) from continuing operations before equity method investments, income taxes:(87)377594908897
Other undisclosed income from continuing operations before income taxes84     
Income (loss) from continuing operations before income taxes:(78)417594908897
Income tax expense (benefit)816(21)(45)(31)(28)(31)
Income (loss) from continuing operations:(70)565450596066
Loss from discontinued operations      (3)
Net income (loss):(70)565450596063
Other undisclosed net income (loss) attributable to parent1153    (5)
Net income (loss) available to common stockholders, diluted:(70)2105450596058

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 (loss):(70)565450596063
Other comprehensive income (loss)(1)(3)4(8)(2)(7)45
Comprehensive income (loss):(72)5458425653108
Other undisclosed comprehensive income (loss), net of tax, attributable to parent22163(23)48(14)(6)(95)
Comprehensive income (loss), net of tax, attributable to parent:(50)2173590434713

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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