Libbey, Inc. (LBY) financial statements (2021 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 millions)

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 investments49252561496042
Cash and cash equivalents49252561496042
Receivables8184908510610595
Inventory, net of allowances, customer advances and progress billings175192188170178170163
Inventory175192188170178170163
Prepaid expense    8912
Derivative instruments and hedges, assets    000
Deferred tax assets    56
Other undisclosed current assets18171317  7
Total current assets:323318315333341349325
Noncurrent Assets
Operating lease, right-of-use asset55
Property, plant and equipment234265266256273278266
Intangible assets, net (including goodwill)509899179180182187
Goodwill388484164164164167
Intangible assets, net (excluding goodwill)12131515161819
Derivative instruments and hedges      0
Deposits noncurrent assets     11
Deferred costs     710
Deferred income tax assets25
Other noncurrent assets158101091414
Defined benefit plan, assets for plan benefits 1134
Deferred tax assets, net2625404966
Other undisclosed noncurrent assets6 3  (8)(11)
Total noncurrent assets:384397402485512480505
TOTAL ASSETS:707714717818852829830
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities16315315314414815581
Accounts payable79757872728280
Accrued liabilities514443422825 
Employee-related liabilities333130294042 
Taxes payable0421421
Interest and dividends payable    44 
Debt29475585
Derivative instruments and hedges, liabilities  1243 
Postemployment benefits liability4445555
Deferred tax liabilities    4 
Other undisclosed current liabilities    2377
Total current liabilities:196162165156164176168
Noncurrent Liabilities
Long-term debt and lease obligation424393377403426436407
Long-term debt, excluding current maturities376393377403426436407
Operating lease, liability48
Liabilities, other than long-term debt113109108114114140127
Pension and other postretirement defined benefit plans, liabilities99
Deferred tax liabilities, net3223612
Deferred income tax liabilities2
Liability, pension and other postretirement and postemployment benefits92889399100120
Accrued environmental loss contingencies     1 
Other liabilities18181313111314
Derivative instruments and hedges, liabilities     02
Other undisclosed noncurrent liabilities     (1)(2)
Total noncurrent liabilities:537503485517540575531
Total liabilities:732664650673704751699
Stockholders' equity
Stockholders' equity attributable to parent(26)506714514877131
Common stock0000000
Treasury stock, value    (4)(1) 
Additional paid in capital338336333330331331323
Accumulated other comprehensive loss(124)(114)(105)(125)(120)(138)(73)
Accumulated deficit(240)(171)(161)(60)(58)(115)(120)
Total stockholders' equity:(26)506714514877131
TOTAL LIABILITIES AND EQUITY:707714717818852829830

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues786801782793822852819
Revenue, net785796825856822
Cost of revenue(631)(646)(634)(630)(649)(653)(635)
Cost of goods and services sold  (634)(630)(649)(653)(635)
Other undisclosed gross profit  33333
Gross profit:154155151166176203187
Operating expenses(188)(128)(205)(121)(133)(124)(119)
Other undisclosed operating income     24
Operating income (loss):(33)27(54)45448172
Nonoperating income (expense)(4)(3)(4)3334
Foreign currency transaction loss, before tax(2)      
Net periodic defined benefits expense (reversal of expense), excluding service cost component(2) 
Other nonoperating income (expense)(0)(3)(4)3324
Interest and debt expense(23)(22)(20)(21)(18)(23)(32)
Income (loss) from continuing operations before equity method investments, income taxes:(60)2(78)28286144
Other undisclosed loss from continuing operations before income taxes     (48)(2)
Income (loss) from continuing operations before income taxes:(60)2(78)28281442
Income tax expense (benefit)(9)(10)(16)(18)38(9)(13)
Net income (loss) available to common stockholders, diluted:(69)(8)(93)1066528

Comprehensive Income ($ in millions)

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)(8)(93)1066528
Other comprehensive income (loss)  20(11)30(67) 
Comprehensive income (loss):(69)(8)(73)(1)96(62)28
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(10)(9) 6(12)268
Comprehensive income (loss), net of tax, attributable to parent:(79)(17)(73)585(60)96

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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