Lear Corporation (LEA) financial statements (2021 and earlier)

Company profile

Business Address 21557 TELEGRAPH ROAD
SOUTHFIELD, MI 48033
State of Incorp. DE
Fiscal Year End December 31
SIC 3714 - Motor Vehicle Parts and Accessories (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 investments1,4881,4931,5001,2721,1971,0941,138
Cash and cash equivalents1,4881,4931,5001,2721,1971,0941,138
Receivables2,9832,8803,2312,7472,5902,4722,278
Inventory, net of allowances, customer advances and progress billings1,2581,1971,2061,021948854819
Inventory1,2581,1971,2061,021948854819
Other current assets678710676611552960688
Total current assets:6,4076,2816,6135,6495,2875,3804,923
Noncurrent Assets
Property, plant and equipment2,7042,5982,4592,0191,8271,6251,587
Long-term investments and receivables     172172
Long-term investments     172172
Intangible assets, net (including goodwill)1,6141,4051,4011,1211,054819887
Goodwill1,6141,4051,4011,1211,054726757
Intangible assets, net (excluding goodwill)     93130
Other noncurrent assets1,9561,3171,4721,1111,2391,4201,064
Other undisclosed noncurrent assets     (264)(302)
Total noncurrent assets:6,2745,3205,3334,2514,1193,7713,408
TOTAL ASSETS:12,68111,60111,9469,9019,4069,1508,331
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,6332,8633,1672,6412,5042,5252,439
Accounts payable2,8222,8633,1672,6412,5042,5252,439
Accrued liabilities1,811      
Debt332394423244 
Deferred tax liabilities    1023
Other liabilities 1,6151,6781,4981,3121,1891,140
Other undisclosed current liabilities     (10)(23)
Total current liabilities:4,6664,5014,8544,1823,8403,9583,579
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,2941,9411,9521,8981,9321,4751,057
Long-term debt, excluding current maturities     1,4751,057
Operating lease, liability422
Other undisclosed long-term debt and lease obligation1,8711,9411,9521,8981,932  
Liabilities, other than long-term debt1,101640694627617745606
Deferred tax liabilities, net    5761
Other liabilities1,101640694627617688545
Other undisclosed noncurrent liabilities     (57)(61)
Total noncurrent liabilities:3,3952,5812,6462,5252,5492,1631,602
Total liabilities:8,0617,0827,5006,7086,3886,1215,181
Temporary equity, carrying amount118158153    
Stockholders' equity
Stockholders' equity attributable to parent4,3504,2014,1513,0572,9272,9593,046
Common stock1111111
Treasury stock, value(563)(225)(724)(1,200)(623)(177)(362)
Additional paid in capital9691,0171,2151,3851,4521,4751,653
Accumulated other comprehensive loss(773)(706)(513)(836)(730)(502)(166)
Retained earnings4,7164,1144,1723,7072,8282,1621,920
Stockholders' equity attributable to noncontrolling interest1511601421369071104
Total stockholders' equity:4,5014,3614,2933,1933,0183,0293,150
TOTAL LIABILITIES AND EQUITY:12,68111,60111,9469,9019,4069,1508,331

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
Revenues19,81021,14921,02818,74018,41317,94216,379
Revenue, net20,96718,70518,41017,94216,379
Cost of revenue
(Cost of Goods and Services Sold)
(18,073)(18,830)(18,176)(16,456)(16,392)(16,235)(14,934)
Gross profit:1,7382,3182,8522,2852,0211,7081,445
Operating expenses(1,027)(907)(904)(883)(843)(775)(681)
Other operating income (expense), net
(Other Expenses)
(52)(44)(57)(42)(71)(82)60
Other undisclosed operating income (loss)412287(283)6780  
Operating income:1,0701,6541,6081,4271,187850824
Nonoperating income (expense)
(Foreign Currency Transaction loss, before Tax)
     (32) 
Interest and debt expense(92)(84)(86)(83)(87)(85)(72)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(25)(32)4(6)(69)55(142)
Income from continuing operations before equity method investments, income taxes:9541,5381,5271,3381,032787610
Income from equity method investments23205272503638
Income from continuing operations before income taxes:9771,5591,5781,4111,081824649
Income tax expense(146)(312)(198)(370)(286)(121)(193)
Net income:8311,2471,3811,041796702456
Net loss attributable to noncontrolling interest(77)(97)(68)(65)(50)(30)(24)
Net income attributable to parent:7541,1501,313975746672431
Preferred stock dividends and other adjustments36(10)(26)    
Net income available to common stockholders, diluted:7901,1391,288975746672431

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:8311,2471,3811,041796702456
Other comprehensive income (loss)(70)(209)336(114)(232)(338)136
Comprehensive income:7601,0381,717926564365592
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(74)(81)(81)(57)(46)(28)26
Other undisclosed comprehensive loss, net of tax, attributable to parent      (52)
Comprehensive income, net of tax, attributable to parent:6879571,636870517337566

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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