Lincoln Electric Holdings, Inc. (LECO) financial statements (2021 and earlier)

Company profile

Business Address 22801 ST CLAIR AVE
CLEVELAND, OH 44117
State of Incorp. OH
Fiscal Year End December 31
SIC 354 - Metalworking Machinery And Equipment (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 investments200359327379304278300
Cash and cash equivalents200359327379304278300
Receivables375397395274265322367
Inventory, net of allowances, customer advances and progress billings394362349255276331350
Inventory394362349255276331350
Prepaid expense  16    
Deposits current assets     27 
Deferred tax assets    911
Other current assets10812012413591158103
Other undisclosed current assets  164  (27) 
Total current assets:1,0761,2381,3741,0449361,0991,131
Noncurrent Assets
Property, plant and equipment529479477372411437484
Long-term investments and receivables4  27595959
Long-term investments4  27595959
Intangible assets, net (including goodwill)515429362362308312322
Goodwill337281235232188180175
Intangible assets, net (excluding goodwill)178148127130121132147
Regulated entity, other noncurrent assets1   1  
Deposits noncurrent assets      84
Other noncurrent assets2371841781572229116
Prepaid pension costs6438136
Other undisclosed noncurrent assets92016(83)83(81)
Total noncurrent assets:1,2961,1121,0339008488411,021
TOTAL ASSETS:2,3712,3502,4071,9431,7841,9392,152
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities386393387267291338357
Accounts payable273269270177153202213
Accrued liabilities    343030
Employee-related liabilities83949267666568
Taxes payable    171946
Interest and dividends payable303026232322 
Debt35 2246815
Customer advances and deposits1720211626
Other liabilities14212812098252731
Other undisclosed current liabilities 0  343354
Total current liabilities:563538529388370492457
Noncurrent Liabilities
Long-term debt and lease obligation, including:71270370470435024
Other undisclosed long-term debt and lease obligation71270370470435024
Liabilities, other than long-term debt277222241139131159160
Pension and other postretirement defined benefit plans, liabilities27
Accounts payable and accrued liabilities    2026 
Accrued income taxes36
Deferred tax liabilities, net64464142474148
Liability, pension and other postretirement and postemployment benefits    1533
Other liabilities21217620198505949
Total noncurrent liabilities:989924945843482161164
Total liabilities:1,5521,4621,4741,231852653621
Stockholders' equity
Stockholders' equity attributable to parent8188879327119321,2831,527
Common stock10101010101010
Treasury stock, value(2,042)(1,754)(1,554)(1,515)(1,181)(784)(480)
Additional paid in capital389360334309273259241
Accumulated other comprehensive loss(276)(294)(247)(329)(296)(289)(152)
Retained earnings2,7362,5642,3882,2362,1262,0861,908
Stockholders' equity attributable to noncontrolling interest1111134
Total stockholders' equity:8198889327129321,2861,531
TOTAL LIABILITIES AND EQUITY:2,3712,3502,4071,9431,7841,9392,152

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
Revenues3,0033,0292,6242,2752,5362,8132,853
Revenue, net3,0292,6242,2752,5362,8132,853
Cost of revenue
(Cost of Goods and Services Sold)
(1,996)(2,000)(1,744)(1,485)(1,695)(1,864)(1,910)
Gross profit:1,0081,029880789841949943
Operating expenses(637)(653)(544)(467)(517)(633)(591)
Other undisclosed operating income (loss)  42(34)(143)5755
Operating income:371376378288182374407
Nonoperating income (expense)2111(11)(11)(12)29
Investment income, nonoperating3752333
Foreign currency transaction loss, before tax     (14) 
Other nonoperating income15553444
Interest and debt expense(26)(25)(24)(19)(22)(10)(3)
Income from continuing operations before equity method investments, income taxes:366362342258148365414
Income from equity method investments     55
Other undisclosed income (loss) from continuing operations before income taxes372419225(2)
Income from continuing operations before income taxes:368369366277170376416
Income tax expense(75)(82)(119)(79)(42)(122)(125)
Net income:293287247198127254292
Net income attributable to noncontrolling interest0000012
Net income available to common stockholders, diluted:293287248198127255294

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:293287247198127254292
Other comprehensive income (loss)18(47)82(33)(8)(136)82
Comprehensive income:311240329165119118373
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)0(0)010(4)
Other undisclosed comprehensive income, net of tax, attributable to parent      8
Comprehensive income, net of tax, attributable to parent:311241329166120118377

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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