Libbey, Inc. (LBY) Financial Statements (2024 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2020
MRQ
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 investments 48,91825,06624,69661,01149,04460,044
Cash and cash equivalents 48,91825,06624,69661,01149,04460,044
Receivables 81,30783,97789,99785,113105,846104,618
Inventory, net of allowances, customer advances and progress billings 174,797192,103187,886170,009178,027169,828
Inventory 174,797192,103187,886170,009178,027169,828
Prepaid expense     7,6148,898
Derivative instruments and hedges, assets     245403
Deferred tax assets    4,888
Other undisclosed current assets 17,68316,52212,55016,777  
Total current assets: 322,705317,668315,129332,910340,776348,679
Noncurrent Assets
Operating lease, right-of-use asset 54,686
Property, plant and equipment 233,923264,960265,675256,392272,534277,978
Intangible assets, net (including goodwill) 50,30697,79798,977179,337180,476181,883
Goodwill 38,43184,41284,412164,112164,112164,112
Intangible assets, net (excluding goodwill) 11,87513,38514,56515,22516,36417,771
Deposits noncurrent assets      890
Deferred costs      6,958
Deferred income tax assets 24,747
Other noncurrent assets 14,6087,6609,6279,5149,01913,976
Defined benefit plan, assets for plan benefits 977848
Deferred tax assets, net26,09024,89240,01648,6625,566
Other undisclosed noncurrent assets 5,712 2,939  (7,848)
Total noncurrent assets: 383,982396,507402,110485,259511,668480,251
TOTAL ASSETS: 706,687714,175717,239818,169852,444828,930
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 163,032153,409153,025144,252148,127154,578
Interest and dividends payable     3,8083,876
Taxes payable 3823,6391,8621,3844,0092,010
Employee-related liabilities 32,73131,20629,59429,47940,26541,531
Accounts payable 79,26274,83678,34671,58271,56082,485
Accrued liabilities 50,65743,72843,22341,80728,48524,676
Debt 28,8934,4007,4855,0094,7477,658
Derivative instruments and hedges, liabilities   6971,9284,2652,653
Postemployment benefits liability 3,8173,9514,1854,8924,9034,800
Deferred tax liabilities    3,633
Other undisclosed current liabilities     2,1843,078
Total current liabilities: 195,742161,760165,392156,081164,226176,400
Noncurrent Liabilities
Long-term debt and lease obligation 424,039393,300376,905402,831426,272436,264
Long-term debt, excluding current maturities 375,716393,300376,905402,831426,272436,264
Liabilities, other than long-term debt 112,693109,222108,048114,138113,564140,027
Deferred tax liabilities, net2,7551,8501,8592,8225,893
Deferred income tax liabilities 2,104
Liability, pension and other postretirement and postemployment benefits 92,12688,22193,31399,30799,556119,763
Accrued environmental loss contingencies      1,000
Other liabilities 18,46318,24612,88512,97211,18613,156
Operating lease, liability 48,323
Derivative instruments and hedges, liabilities      215
Other undisclosed noncurrent liabilities      (1,215)
Total noncurrent liabilities: 536,732502,522484,953516,969539,836575,076
Total liabilities: 732,474664,282650,345673,050704,062751,476
Equity
Equity, attributable to parent (25,787)49,89366,894145,119148,38277,454
Common stock 224222220219218218
Treasury stock, value     (4,448)(1,060)
Additional paid in capital 338,395335,517333,011329,722330,756331,391
Accumulated other comprehensive loss (123,946)(114,405)(105,172)(125,197)(120,232)(138,447)
Accumulated deficit (240,460)(171,441)(161,165)(59,625)(57,912)(114,648)
Total equity: (25,787)49,89366,894145,119148,38277,454
TOTAL LIABILITIES AND EQUITY: 706,687714,175717,239818,169852,444828,930

Income Statement (P&L) ($ in thousands)

6/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 785,602801,093781,828793,420822,345852,492
Revenue, net785,156796,210825,230855,892
Cost of revenue (631,393)(646,202)(634,185)(629,916)(648,902)(652,747)
Cost of goods and services sold   (634,185)(629,916)(648,902)(652,747)
Other undisclosed gross profit   3,3282,7902,8853,400
Gross profit: 154,209154,891150,971166,294176,328203,145
Operating expenses (187,522)(127,851)(204,626)(120,984)(132,607)(123,967)
Other undisclosed operating income      2,058
Operating income (loss): (33,313)27,040(53,655)45,31043,72181,236
Nonoperating income (expense) (4,443)(2,764)(3,515)3,3622,8802,754
Loss, foreign currency transaction, 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)3,3622,8802,351
Interest and debt expense (22,510)(21,979)(20,400)(20,888)(18,484)(22,866)
Income (loss) from continuing operations before equity method investments, income taxes: (60,266)2,297(77,570)27,78428,11761,124
Other undisclosed loss from continuing operations before income taxes      (47,594)
Income (loss) from continuing operations before income taxes: (60,266)2,297(77,570)27,78428,11713,530
Income tax expense (benefit) (8,753)(10,253)(15,798)(17,711)38,216(8,567)
Income (loss) from continuing operations: (69,019)(7,956)(93,368)10,07366,3334,963
Income (loss) before gain (loss) on sale of properties: (69,019)(7,956)(93,368)10,07366,3334,963
Net income (loss) available to common stockholders, diluted: (69,019)(7,956)(93,368)10,07366,3334,963

Comprehensive Income ($ in thousands)

6/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss): (69,019)(7,956)(93,368)10,07366,3334,963
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)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (9,541)(8,958) 6,182(11,706)1,790
Comprehensive income (loss), net of tax, attributable to parent: (78,560)(16,914)(73,343)5,10884,548(60,324)

Statements Sources

The financial statements are based on the Company's filings with 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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