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)

12/31/2020
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 investments1,3071,4881,4931,5001,2721,1971,094
Cash and cash equivalents1,3071,4881,4931,5001,2721,1971,094
Receivables3,2692,9832,8803,2312,7472,5902,472
Inventory, net of allowances, customer advances and progress billings1,4011,2581,1971,2061,021948854
Inventory1,4011,2581,1971,2061,021948854
Other current assets800678710676611552960
Total current assets:6,7776,4076,2816,6135,6495,2875,380
Noncurrent Assets
Property, plant and equipment2,7362,7042,5982,4592,0191,8271,625
Long-term investments and receivables      172
Long-term investments      172
Intangible assets, net (including goodwill)1,6561,6141,4051,4011,1211,054819
Goodwill1,6561,6141,4051,4011,1211,054726
Intangible assets, net (excluding goodwill)      93
Other noncurrent assets2,0301,9561,3171,4721,1111,2391,420
Other undisclosed noncurrent assets      (264)
Total noncurrent assets:6,4226,2745,3205,3334,2514,1193,771
TOTAL ASSETS:13,19912,68111,60111,9469,9019,4069,150
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,0634,6332,8633,1672,6412,5042,525
Accounts payable3,1422,8222,8633,1672,6412,5042,525
Accrued liabilities1,9211,811     
Debt14332394423244
Deferred tax liabilities    10
Other liabilities  1,6151,6781,4981,3121,189
Other undisclosed current liabilities      (10)
Total current liabilities:5,0774,6664,5014,8544,1823,8403,958
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,3002,2941,9411,9521,8981,9321,475
Long-term debt, excluding current maturities      1,475
Operating lease, liability439422
Other undisclosed long-term debt and lease obligation1,8611,8711,9411,9521,8981,932 
Liabilities, other than long-term debt1,2071,101640694627617745
Deferred tax liabilities, net    57
Other liabilities1,2071,101640694627617688
Other undisclosed noncurrent liabilities      (57)
Total noncurrent liabilities:3,5073,3952,5812,6462,5252,5492,163
Total liabilities:8,5848,0617,0827,5006,7086,3886,121
Temporary equity, carrying amount 118158153   
Stockholders' equity
Stockholders' equity attributable to parent4,4674,3504,2014,1513,0572,9272,959
Common stock1111111
Treasury stock, value(599)(563)(225)(724)(1,200)(623)(177)
Additional paid in capital9649691,0171,2151,3851,4521,475
Accumulated other comprehensive loss(705)(773)(706)(513)(836)(730)(502)
Retained earnings4,8074,7164,1144,1723,7072,8282,162
Stockholders' equity attributable to noncontrolling interest1481511601421369071
Total stockholders' equity:4,6154,5014,3614,2933,1933,0183,029
TOTAL LIABILITIES AND EQUITY:13,19912,68111,60111,9469,9019,4069,150

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues17,04619,81021,14921,02818,74018,41317,942
Revenue, net20,96718,70518,41017,942
Cost of revenue
(Cost of Goods and Services Sold)
(15,937)(18,073)(18,830)(18,176)(16,456)(16,392)(16,235)
Gross profit:1,1091,7382,3182,8522,2852,0211,708
Operating expenses(800)(1,027)(907)(904)(883)(843)(775)
Other operating expense, net
(Other Expenses)
(72)(52)(44)(57)(42)(71)(82)
Other undisclosed operating income (loss)217412287(283)6780 
Operating income:4541,0701,6541,6081,4271,187850
Nonoperating income (expense)
(Foreign Currency Transaction loss, before Tax)
      (32)
Interest and debt expense(100)(92)(84)(86)(83)(87)(85)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(55)(25)(32)4(6)(69)55
Income from continuing operations before equity method investments, income taxes:2999541,5381,5271,3381,032787
Income from equity method investments29232052725036
Income from continuing operations before income taxes:3289771,5591,5781,4111,081824
Income tax expense(94)(146)(312)(198)(370)(286)(121)
Net income:2348311,2471,3811,041796702
Net loss attributable to noncontrolling interest(75)(77)(97)(68)(65)(50)(30)
Net income attributable to parent:1597541,1501,313975746672
Preferred stock dividends and other adjustments 36(10)(26)   
Net income available to common stockholders, diluted:1597901,1391,288975746672

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:2348311,2471,3811,041796702
Other comprehensive income (loss)83(70)(209)336(114)(232)(338)
Comprehensive income:3177601,0381,717926564365
Comprehensive loss, net of tax, attributable to noncontrolling interest(91)(74)(81)(81)(57)(46)(28)
Comprehensive income, net of tax, attributable to parent:2266879571,636870517337

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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