Lincoln Electric Holdings, Inc. (LECO) Financial Statements (2024 and earlier)

Company Profile

Business Address 22801 ST CLAIR AVE
CLEVELAND, OH 44117
State of Incorp. OH
Fiscal Year End December 31
Industry (SIC) 354 - Metalworking Machinery And Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments197193257200359327
Cash and cash equivalents197193257200359327
Receivables542429373375397395
Inventory, net of allowances, customer advances and progress billings665540381394362349
Inventory665540381394362349
Prepaid expense      16
Other current assets154128100108120124
Other undisclosed current assets      164
Total current assets:1,5581,2901,1121,0761,2381,374
Noncurrent Assets
Property, plant and equipment545512522529479477
Long-term investments and receivables    4  
Long-term investments    4  
Intangible assets, net (including goodwill)868580470515429362
Goodwill665430336337281235
Intangible assets, net (excluding goodwill) 203149134178148127
Regulated entity, other noncurrent assets    1  
Deferred income tax assets 231817 
Other noncurrent assets187193193237184178
Other undisclosed noncurrent assets    92016
Total noncurrent assets:1,6231,3031,2021,2961,1121,033
TOTAL ASSETS:3,1812,5922,3142,3712,3502,407
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities498472385386393387
Interest and dividends payable373330303026
Employee-related liabilities10910998839492
Accounts payable352330257273269270
Accrued liabilities      
Debt9353335 2
Customer advances and deposits1720
Other liabilities261231161142128120
Other undisclosed current liabilities     0 
Total current liabilities:853756549563538529
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,110717715712703704
Long-term debt, excluding current maturities1,110717715   
Other undisclosed long-term debt and lease obligation    712703704
Liabilities, other than long-term debt183255259277222241
Deferred tax liabilities, net644641
Deferred income tax liabilities 175747 
Other liabilities166199213212176201
Total noncurrent liabilities:1,294972975989924945
Total liabilities:2,1471,7281,5241,5521,4621,474
Equity
Equity, attributable to parent1,034864789818887932
Common stock101010101010
Treasury stock, value(2,489)(2,310)(2,150)(2,042)(1,754)(1,554)
Additional paid in capital482451410389360334
Accumulated other comprehensive loss(275)(257)(302)(276)(294)(247)
Retained earnings3,3072,9702,8212,7362,5642,388
Equity, attributable to noncontrolling interest (0)(0)1111
Total equity:1,034864790819888932
TOTAL LIABILITIES AND EQUITY:3,1812,5922,3142,3712,3502,407

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues3,7613,2342,6553,0033,0292,624
Revenue, net3,0292,624
Cost of revenue
(Cost of Goods and Services Sold)
(2,480)(2,166)(1,784)(1,996)(2,000)(1,744)
Gross profit:1,2811,0698711,0081,029880
Operating expenses(668)(607)(589)(637)(653)(544)
Other undisclosed operating income      42
Operating income:612462282371376378
Nonoperating income (expense)10(114)42111(11)
Investment income, nonoperating    375
Other nonoperating income7951555
Interest and debt expense(31)(24)(24)(26)(25)(24)
Income from continuing operations before equity method investments, income taxes:591323262366362342
Other undisclosed income from continuing operations before income taxes2223724
Income from continuing operations before income taxes:593325264368369366
Income tax expense(121)(48)(58)(75)(82)(119)
Income from continuing operations:472277206293287247
Income before gain (loss) on sale of properties:277206293287247
Net income:472277206293287247
Net income (loss) attributable to noncontrolling interest (0)(0)000
Net income available to common stockholders, diluted:472276206293287248

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:472277206293287247
Other comprehensive income (loss)(18)44(26)18(47)82
Comprehensive income:454321180311240329
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)0(0)(0)0(0)
Comprehensive income, net of tax, attributable to parent:454321180311241329

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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