Libbey, Inc. (LBY) financial statements (2022 and earlier)

Company profile

Business Address 300 MADISON AVE
TOLEDO, OH 43604
State of Incorp. DE
Fiscal Year End December 31
SIC 322 - Glass And Glassware, Pressed Or Blown (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments48,91825,06624,69661,01149,04460,04442,208
Cash and cash equivalents48,91825,06624,69661,01149,04460,04442,208
Receivables81,30783,97789,99785,113105,846104,61894,549
Inventory, net of allowances, customer advances and progress billings174,797192,103187,886170,009178,027169,828163,121
Inventory174,797192,103187,886170,009178,027169,828163,121
Prepaid expense    7,6148,89811,907
Derivative instruments and hedges, assets    245403394
Deferred tax assets✕    4,8885,840
Other undisclosed current assets17,68316,52212,55016,777  6,697
Total current assets:322,705317,668315,129332,910340,776348,679324,716
Noncurrent Assets
Operating lease, right-of-use asset54,686✕✕✕✕✕✕
Property, plant and equipment233,923264,960265,675256,392272,534277,978265,662
Intangible assets, net (including goodwill)50,30697,79798,977179,337180,476181,883186,704
Goodwill38,43184,41284,412164,112164,112164,112167,379
Intangible assets, net (excluding goodwill)11,87513,38514,56515,22516,36417,77119,325
Derivative instruments and hedges      19
Deposits noncurrent assets     890919
Deferred costs     6,95810,472
Deferred income tax assets24,747✕✕✕✕✕✕
Other noncurrent assets14,6087,6609,6279,5149,01913,97613,515
Defined benefit plan, assets for plan benefits✕✕✕ 97784833,615
Deferred tax assets, net✕26,09024,89240,01648,6625,5665,759
Other undisclosed noncurrent assets5,712 2,939  (7,848)(11,391)
Total noncurrent assets:383,982396,507402,110485,259511,668480,251505,274
TOTAL ASSETS:706,687714,175717,239818,169852,444828,930829,990
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities163,032153,409153,025144,252148,127154,57880,994
Accounts payable79,26274,83678,34671,58271,56082,48579,620
Accrued liabilities50,65743,72843,22341,80728,48524,676 
Employee-related liabilities32,73131,20629,59429,47940,26541,531 
Taxes payable3823,6391,8621,3844,0092,0101,374
Interest and dividends payable    3,8083,876 
Debt28,8934,4007,4855,0094,7477,6585,391
Derivative instruments and hedges, liabilities  6971,9284,2652,653 
Postemployment benefits liability3,8173,9514,1854,8924,9034,8004,758
Deferred tax liabilities✕    3,633 
Other undisclosed current liabilities    2,1843,07876,982
Total current liabilities:195,742161,760165,392156,081164,226176,400168,125
Noncurrent Liabilities
Long-term debt and lease obligation424,039393,300376,905402,831426,272436,264406,512
Long-term debt, excluding current maturities375,716393,300376,905402,831426,272436,264406,512
Operating lease, liability48,323✕✕✕✕✕✕
Liabilities, other than long-term debt112,693109,222108,048114,138113,564140,027126,617
Pension and other postretirement defined benefit plans, liabilities✕✕✕✕✕✕99,098
Deferred tax liabilities, net✕2,7551,8501,8592,8225,89311,672
Deferred income tax liabilities2,104✕✕✕✕✕✕
Liability, pension and other postretirement and postemployment benefits92,12688,22193,31399,30799,556119,763✕
Accrued environmental loss contingencies     1,000 
Other liabilities18,46318,24612,88512,97211,18613,15613,774
Derivative instruments and hedges, liabilities     2152,073
Other undisclosed noncurrent liabilities     (1,215)(2,073)
Total noncurrent liabilities:536,732502,522484,953516,969539,836575,076531,056
Total liabilities:732,474664,282650,345673,050704,062751,476699,181
Stockholders' equity
Stockholders' equity attributable to parent(25,787)49,89366,894145,119148,38277,454130,809
Common stock224222220219218218213
Treasury stock, value    (4,448)(1,060) 
Additional paid in capital338,395335,517333,011329,722330,756331,391323,367
Accumulated other comprehensive loss(123,946)(114,405)(105,172)(125,197)(120,232)(138,447)(73,160)
Accumulated deficit(240,460)(171,441)(161,165)(59,625)(57,912)(114,648)(119,611)
Total stockholders' equity:(25,787)49,89366,894145,119148,38277,454130,809
TOTAL LIABILITIES AND EQUITY:706,687714,175717,239818,169852,444828,930829,990

Income statement (P&L) ($ in thousands)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues785,602801,093781,828793,420822,345852,492818,811
Revenue, net✕✕785,156796,210825,230855,892822,155
Cost of revenue(631,393)(646,202)(634,185)(629,916)(648,902)(652,747)(634,816)
Cost of goods and services sold  (634,185)(629,916)(648,902)(652,747)(634,816)
Other undisclosed gross profit  3,3282,7902,8853,4003,344
Gross profit:154,209154,891150,971166,294176,328203,145187,339
Operating expenses(187,522)(127,851)(204,626)(120,984)(132,607)(123,967)(118,675)
Other undisclosed operating income     2,0583,835
Operating income (loss):(33,313)27,040(53,655)45,31043,72181,23672,499
Nonoperating income (expense)(4,443)(2,764)(3,515)3,3622,8802,7543,684
Foreign currency transaction loss, before tax(2,318)      
Net periodic defined benefits expense (reversal of expense), excluding service cost component(1,573) ✕✕✕✕✕
Other nonoperating income (expense)(27)(2,764)(3,515)3,3622,8802,3513,725
Interest and debt expense(22,510)(21,979)(20,400)(20,888)(18,484)(22,866)(32,006)
Income (loss) from continuing operations before equity method investments, income taxes:(60,266)2,297(77,570)27,78428,11761,12444,177
Other undisclosed loss from continuing operations before income taxes     (47,594)(2,477)
Income (loss) from continuing operations before income taxes:(60,266)2,297(77,570)27,78428,11713,53041,700
Income tax expense (benefit)(8,753)(10,253)(15,798)(17,711)38,216(8,567)(13,241)
Net income (loss) available to common stockholders, diluted:(69,019)(7,956)(93,368)10,07366,3334,96328,459

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(69,019)(7,956)(93,368)10,07366,3334,96328,459
Other comprehensive income (loss)  20,025(11,147)29,921(67,077) 
Comprehensive income (loss):(69,019)(7,956)(73,343)(1,074)96,254(62,114)28,459
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(9,541)(8,958) 6,182(11,706)1,79067,880
Comprehensive income (loss), net of tax, attributable to parent:(78,560)(16,914)(73,343)5,10884,548(60,324)96,339

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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