Lear Corporation (LEA) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,3181,3071,4881,4931,5001,2721,197
Cash and cash equivalents1,3181,3071,4881,4931,5001,2721,197
Receivables3,0423,2692,9832,8803,2312,7472,590
Inventory, net of allowances, customer advances and progress billings1,5721,4011,2581,1971,2061,021948
Inventory1,5721,4011,2581,1971,2061,021948
Other current assets834800678710676611552
Total current assets:6,7656,7776,4076,2816,6135,6495,287
Noncurrent Assets
Property, plant and equipment2,7202,7362,7042,5982,4592,0191,827
Intangible assets, net (including goodwill)1,6581,6561,6141,4051,4011,1211,054
Goodwill1,6581,6561,6141,4051,4011,1211,054
Other noncurrent assets2,2092,0301,9561,3171,4721,1111,239
Total noncurrent assets:6,5876,4226,2745,3205,3334,2514,119
TOTAL ASSETS:13,35213,19912,68111,60111,9469,9019,406
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,7595,0634,6332,8633,1672,6412,504
Accounts payable2,9523,1422,8222,8633,1672,6412,504
Accrued liabilities1,8071,9211,811    
Debt114332394423
Other liabilities   1,6151,6781,4981,312
Total current liabilities:4,7605,0774,6664,5014,8544,1823,840
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,5952,3002,2941,9411,9521,8981,932
Operating lease, liability524439422
Other undisclosed long-term debt and lease obligation2,0721,8611,8711,9411,9521,8981,932
Liabilities, other than long-term debt1,1891,2071,101640694627617
Other liabilities1,1891,2071,101640694627617
Total noncurrent liabilities:3,7843,5073,3952,5812,6462,5252,549
Total liabilities:8,5448,5848,0617,0827,5006,7086,388
Temporary equity, carrying amount  118158153  
Stockholders' equity
Stockholders' equity attributable to parent4,6434,4674,3504,2014,1513,0572,927
Common stock1111111
Treasury stock, value(679)(599)(563)(225)(724)(1,200)(623)
Additional paid in capital1,0199649691,0171,2151,3851,452
Accumulated other comprehensive loss(770)(705)(773)(706)(513)(836)(730)
Retained earnings5,0734,8074,7164,1144,1723,7072,828
Stockholders' equity attributable to noncontrolling interest16514815116014213690
Total stockholders' equity:4,8084,6154,5014,3614,2933,1933,018
TOTAL LIABILITIES AND EQUITY:13,35213,19912,68111,60111,9469,9019,406

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues19,26317,04619,81021,14921,02818,74018,413
Revenue, net20,96718,70518,410
Cost of revenue
(Cost of Goods and Services Sold)
(17,871)(15,937)(18,073)(18,830)(18,176)(16,456)(16,392)
Gross profit:1,3921,1091,7382,3182,8522,2852,021
Operating expenses(817)(800)(1,027)(907)(904)(883)(843)
Other operating expense, net
(Other Expenses)
(65)(72)(52)(44)(57)(42)(71)
Other undisclosed operating income (loss)166217412287(283)6780
Operating income:6754541,0701,6541,6081,4271,187
Interest and debt expense(92)(100)(92)(84)(86)(83)(87)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(0)(55)(25)(32)4(6)(69)
Income from continuing operations before equity method investments, income taxes:5842999541,5381,5271,3381,032
Income from equity method investments16292320527250
Other undisclosed loss from continuing operations before income taxes(16)      
Income from continuing operations before income taxes:5843289771,5591,5781,4111,081
Income tax expense(138)(94)(146)(312)(198)(370)(286)
Income before gain (loss) on sale of properties:4462348311,2471,3811,041796
Other undisclosed net income16      
Net income:4622348311,2471,3811,041796
Net loss attributable to noncontrolling interest(88)(75)(77)(97)(68)(65)(50)
Net income attributable to parent:3741597541,1501,313975746
Preferred stock dividends and other adjustments  36(10)(26)  
Net income available to common stockholders, diluted:3741597901,1391,288975746

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:4622348311,2471,3811,041796
Other comprehensive income (loss)(62)83(70)(209)336(114)(232)
Comprehensive income:4003177601,0381,717926564
Comprehensive loss, net of tax, attributable to noncontrolling interest(91)(91)(74)(81)(81)(57)(46)
Comprehensive income, net of tax, attributable to parent:3092266879571,636870517

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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