Knowles Corporation (KN) financial statements (2022 and earlier)

Company profile

Business Address 1151 MAPLEWOOD DRIVE
ITASCA, IL 60143
State of Incorp. DE
Fiscal Year End December 31
SIC 3651 - Household Audio and Video Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
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 investments6914878741126663
Cash and cash equivalents6914878741126663
Receivables147131160140138145192
Inventory, net of allowances, customer advances and progress billings153130142140126108152
Inventory153130142140126108152
Other undisclosed current assets1210911201112
Total current assets:380420388365395330419
Noncurrent Assets
Operating lease, right-of-use asset172334
Property, plant and equipment201192207212183186225
Intangible assets, net (including goodwill)1,0399891,0029459389721,023
Goodwill941910910888885895926
Intangible assets, net (excluding goodwill)97799257547797
Other noncurrent assets95322527322631
Other undisclosed noncurrent assets    21 
Total noncurrent assets:1,3511,2351,2661,1831,1551,1851,278
TOTAL ASSETS:1,7321,6551,6551,5481,5501,5151,698
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities155122142142152139197
Accounts payable917088778672117
Accrued liabilities19191720282642
Employee-related liabilities43303240313537
Taxes payable2364772
Debt 1659  1030
Other undisclosed current liabilities1110     
Total current liabilities:166297152142152149227
Noncurrent Liabilities
Long-term debt and lease obligation8519182158193289400
Long-term debt, excluding current maturities70 157158193289400
Operating lease, liability151925
Liabilities, other than long-term debt21353036686364
Deferred tax liabilities, net2 2218
Deferred income tax liabilities12 
Other liabilities21333034684146
Total noncurrent liabilities:10654212195261352464
Total liabilities:272351363336412501691
Stockholders' equity
Stockholders' equity attributable to parent1,4601,3041,2891,2121,1321,0091,007
Common stock1111111
Treasury stock, value(62)(16)     
Additional paid in capital1,6391,5881,5751,5461,5231,5001,450
Accumulated other comprehensive loss(100)(101)(112)(111)(100)(132)(126)
Accumulated deficit(18)(169)(175)(224)(292)(360)(318)
Total stockholders' equity:1,4601,3041,2891,2121,1321,0091,007
Other undisclosed liabilities and equity 13 66 
TOTAL LIABILITIES AND EQUITY:1,7321,6551,6551,5481,5501,5151,698

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues8687648558277448591,085
Revenue, net7448591,085
Cost of revenue
(Cost of Goods and Services Sold)
(509)(491)(525)(504)(453)(529)(785)
Other undisclosed gross profit (2)(2)(0)(5)(2)(57)
Gross profit:360271328323286329243
Operating expenses(244)(242)(247)(245)(246)(282)(478)
Operating income (loss):1162981784147(235)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
3(2)(0)(1)(1)4(1)
Interest and debt expense(14)(17)(15)(0)(0)(21)(13)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 11(16)(20)00
Income (loss) from continuing operations before equity method investments, income taxes:1041166611931(249)
Other undisclosed income from continuing operations before income taxes0      
Income (loss) from continuing operations before income taxes:1051166611931(249)
Income tax expense (benefit)46(8)(17)5(13)(12)15
Net income (loss):15035066719(234)
Other undisclosed net income (loss) attributable to parent04(1)262(61) 
Net income (loss) available to common stockholders, diluted:1507496868(42)(234)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):15035066719(234)
Other comprehensive income (loss)(1)111111
Comprehensive income (loss):14945066720(233)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent215(2)(9)93(68)(74)
Comprehensive income (loss), net of tax, attributable to parent:151184857100(48)(307)

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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