Kennametal Inc. (KMT) financial statements (2021 and earlier)

Company profile

Business Address 525 WILLIAM PENN PLACE
PITTSBURGH, PA 15219
State of Incorp. PA
Fiscal Year End June 30
SIC 3541 - Machine Tools, Metal Cutting Types (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments105182556191162105178
Cash and cash equivalents105182556191162105178
Receivables310380401380371445532
Inventory, net of allowances, customer advances and progress billings522572525488459576704
Inventory522572525488459576704
Other current assets98576355576064
Other undisclosed current assets    277248
Total current assets:1,0361,1911,5461,1141,0751,2591,525
Noncurrent Assets
Operating lease, right-of-use asset50
Property, plant and equipment1,009935824744731816884
Long-term investments and receivables    000
Long-term investments    000
Intangible assets, net (including goodwill)4274614784925067041,319
Goodwill286300302301298417976
Intangible assets, net (excluding goodwill)141161176191207287343
Other noncurrent assets68171830434798
Other undisclosed noncurrent assets33526035142441
Total noncurrent assets:1,5871,4651,3801,3021,2931,5912,343
TOTAL ASSETS:2,6232,6562,9262,4152,3692,8503,868
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities227301318289248274285
Accounts payable173213222216182187207
Accrued liabilities45    12 
Employee-related liabilities 597768504961
Taxes payable929196172517
Debt160400121680
Other liabilities166143151153152179159
Other undisclosed current liabilities 171818251538
Total current liabilities:409462887461427483563
Noncurrent Liabilities
Long-term debt and lease obligation, including:593592592695700736982
Operating lease, liability36
Other undisclosed long-term debt and lease obligation557592592695700736982
Liabilities, other than long-term debt214227217206246255362
Pension and other postretirement defined benefit plans, liabilities181
Accounts payable and accrued liabilities996333 
Accrued income taxes21
Deferred tax liabilities, net2327151760118
Liability, pension and other postretirement and postemployment benefits171174160161201163
Other liabilities34212528243042
Other undisclosed noncurrent liabilities60      
Total noncurrent liabilities:8678208099019469911,344
Total liabilities:1,2761,2821,6951,3631,3731,4741,906
Stockholders' equity
Stockholders' equity attributable to parent1,3061,3351,1941,0179641,3461,929
Common stock1041031021011009998
Additional paid in capital537529512475437420396
Accumulated other comprehensive loss(378)(374)(320)(324)(353)(244)(66)
Retained earnings1,0441,0779017667811,0701,501
Stockholders' equity attributable to noncontrolling interest41403635313032
Total stockholders' equity:1,3471,3751,2301,0539961,3751,962
TOTAL LIABILITIES AND EQUITY:2,6232,6562,9262,4152,3692,8503,868

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

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Revenues2,2242,3752,3682,0582,0982,6472,837
Revenue, net2,3682,0582,0982,6472,837
Cost of revenue
(Cost of Goods and Services Sold)
(1,532)(1,544)(1,536)(1,401)(1,482)(1,841)(1,940)
Gross profit:693831832658616806897
Operating expenses(458)(474)(498)(463)(495)(555)(590)
Other undisclosed operating loss(99)(28)(27)(82)(296)(609)(44)
Operating income (loss):136329308113(175)(358)263
Nonoperating income (expense)1515(2)(2)4(0)(5)
Foreign currency transaction loss, before tax     (2)(3)
Other nonoperating income (expense)1515(2)(2)42(2)
Interest and debt expense(33)(33)(30)(29)(28)(31)(32)
Other undisclosed income from continuing operations before equity method investments, income taxes     23
Income (loss) from continuing operations before income taxes:11831127582(199)(388)229
Income tax expense (benefit)16(63)(70)(30)(25)17(67)
Net income (loss):13424820552(224)(371)162
Net loss attributable to noncontrolling interest(3)(6)(5)(3)(2)(3)(4)
Net income (loss) available to common stockholders, diluted:13124220049(226)(374)158

Comprehensive Income ($ in millions)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Net income (loss):13424820552(224)(371)162
Other comprehensive income (loss)(44)(54)330(113)(181) 
Other undisclosed comprehensive income      23
Comprehensive income (loss):9019420882(337)(552)185
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(3)(5)(4)(4)(1)0(4)
Comprehensive income (loss), net of tax, attributable to parent:8718920478(337)(551)181

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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