Knowles Corporation (KN) financial statements (2021 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)

12/31/2020
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 investments1487874112666355
Cash and cash equivalents1487874112666355
Receivables131160140138145192236
Inventory, net of allowances, customer advances and progress billings130142140126108152162
Inventory130142140126108152162
Deferred tax assets    10
Other undisclosed current assets1091120111211
Total current assets:420388365395330419474
Noncurrent Assets
Operating lease, right-of-use asset2334
Property, plant and equipment192207212183186225316
Intangible assets, net (including goodwill)9891,0029459389721,0231,185
Goodwill910910888885895926915
Intangible assets, net (excluding goodwill)799257547797270
Other noncurrent assets32252732263124
Deferred tax assets, net    10
Other undisclosed noncurrent assets   21 (10)
Total noncurrent assets:1,2351,2661,1831,1551,1851,2781,525
TOTAL ASSETS:1,6551,6551,5481,5501,5151,6981,999
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities122142142152139197289
Accounts payable7088778672117172
Accrued liabilities19172028264264
Employee-related liabilities30324031353739
Taxes payable36477214
Debt1659  103015
Restructuring reserve      13
Deferred tax liabilities    0
Other undisclosed current liabilities10     (29)
Total current liabilities:297152142152149227289
Noncurrent Liabilities
Long-term debt and lease obligation19182158193289400391
Long-term debt, excluding current maturities 157158193289400385
Capital lease obligations    6
Operating lease, liability1925
Liabilities, other than long-term debt353036686364120
Deferred compensation liability, classified      24
Deferred tax liabilities, net2 221849
Deferred income tax liabilities2 
Liability for uncertainty in income taxes      6
Restructuring reserve      1
Other liabilities33303468414640
Total noncurrent liabilities:54212195261352464511
Total liabilities:351363336412501691799
Stockholders' equity
Stockholders' equity attributable to parent1,3041,2891,2121,1321,0091,0071,236
Common stock1111111
Treasury stock, value(16)      
Additional paid in capital1,5881,5751,5461,5231,5001,4501,373
Accumulated other comprehensive loss(101)(112)(111)(100)(132)(126)(53)
Accumulated deficit(169)(175)(224)(292)(360)(318)(84)
Total stockholders' equity:1,3041,2891,2121,1321,0091,0071,236
Other undisclosed liabilities and equity13 66 (37)
TOTAL LIABILITIES AND EQUITY:1,6551,6551,5481,5501,5151,6981,999

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
Revenues7648558277448591,0851,141
Revenue, net7448591,0851,141
Cost of revenue
(Cost of Goods and Services Sold)
(491)(525)(504)(453)(529)(785)(885)
Other undisclosed gross profit(2)(2)(0)(5)(2)(57)(23)
Gross profit:271328323286329243233
Operating expenses(242)(247)(245)(246)(282)(478)(286)
Operating income (loss):2981784147(235)(53)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(2)(0)(1)(1)4(1)5
Interest and debt expense(17)(15)(0)(0)(21)(13)(7)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes11(16)(20)000
Income (loss) from continuing operations before income taxes:1166611931(249)(55)
Income tax expense (benefit)(8)(17)5(13)(12)15(32)
Net income (loss):35066719(234)(87)
Other undisclosed net income (loss) attributable to parent4(1)262(61)  
Net income (loss) available to common stockholders, diluted:7496868(42)(234)(87)

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):35066719(234)(87)
Other comprehensive income1111111
Comprehensive income (loss):45066720(233)(86)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent15(2)(9)93(68)(74)(83)
Comprehensive income (loss), net of tax, attributable to parent:184857100(48)(307)(169)

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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