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)

12/31/2020
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 investments257200359327379304278
Cash and cash equivalents257200359327379304278
Receivables373375397395274265322
Inventory, net of allowances, customer advances and progress billings381394362349255276331
Inventory381394362349255276331
Prepaid expense   16   
Deposits current assets      27
Deferred tax assets    9
Other current assets10010812012413591158
Other undisclosed current assets   164  (27)
Total current assets:1,1121,0761,2381,3741,0449361,099
Noncurrent Assets
Property, plant and equipment522529479477372411437
Long-term investments and receivables 4  275959
Long-term investments 4  275959
Intangible assets, net (including goodwill)470515429362362308312
Goodwill336337281235232188180
Intangible assets, net (excluding goodwill)134178148127130121132
Regulated entity, other noncurrent assets 1   1 
Deferred income tax assets17 
Other noncurrent assets1932371841781572229
Prepaid pension costs64381
Other undisclosed noncurrent assets 92016(83)83
Total noncurrent assets:1,2021,2961,1121,033900848841
TOTAL ASSETS:2,3142,3712,3502,4071,9431,7841,939
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities385386393387267291338
Accounts payable257273269270177153202
Accrued liabilities     3430
Employee-related liabilities98839492676665
Taxes payable     1719
Interest and dividends payable30303026232322
Debt335 22468
Customer advances and deposits1720211626
Other liabilities161142128120982527
Other undisclosed current liabilities  0  3433
Total current liabilities:549563538529388370492
Noncurrent Liabilities
Long-term debt and lease obligation, including:7157127037047043502
Long-term debt, excluding current maturities715      
Other undisclosed long-term debt and lease obligation 7127037047043502
Liabilities, other than long-term debt259277222241139131159
Accounts payable and accrued liabilities     2026
Deferred tax liabilities, net644641424741
Deferred income tax liabilities47 
Liability, pension and other postretirement and postemployment benefits     1533
Other liabilities213212176201985059
Total noncurrent liabilities:975989924945843482161
Total liabilities:1,5241,5521,4621,4741,231852653
Stockholders' equity
Stockholders' equity attributable to parent7898188879327119321,283
Common stock10101010101010
Treasury stock, value(2,150)(2,042)(1,754)(1,554)(1,515)(1,181)(784)
Additional paid in capital410389360334309273259
Accumulated other comprehensive loss(302)(276)(294)(247)(329)(296)(289)
Retained earnings2,8212,7362,5642,3882,2362,1262,086
Stockholders' equity attributable to noncontrolling interest1111113
Total stockholders' equity:7908198889327129321,286
TOTAL LIABILITIES AND EQUITY:2,3142,3712,3502,4071,9431,7841,939

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
Revenues2,6553,0033,0292,6242,2752,5362,813
Revenue, net3,0292,6242,2752,5362,813
Cost of revenue
(Cost of Goods and Services Sold)
(1,784)(1,996)(2,000)(1,744)(1,485)(1,695)(1,864)
Gross profit:8711,0081,029880789841949
Operating expenses(589)(637)(653)(544)(467)(517)(633)
Other undisclosed operating income (loss)   42(34)(143)57
Operating income:282371376378288182374
Nonoperating income (expense)42111(11)(11)(12)2
Investment income, nonoperating 375233
Foreign currency transaction loss, before tax      (14)
Other nonoperating income51555344
Interest and debt expense(24)(26)(25)(24)(19)(22)(10)
Income from continuing operations before equity method investments, income taxes:262366362342258148365
Income from equity method investments      5
Other undisclosed income from continuing operations before income taxes2372419225
Income from continuing operations before income taxes:264368369366277170376
Income tax expense(58)(75)(82)(119)(79)(42)(122)
Net income:206293287247198127254
Net income (loss) attributable to noncontrolling interest(0)000001
Net income available to common stockholders, diluted:206293287248198127255

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:206293287247198127254
Other comprehensive income (loss)(26)18(47)82(33)(8)(136)
Comprehensive income:180311240329165119118
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(0)0(0)010
Comprehensive income, net of tax, attributable to parent:180311241329166120118

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: