Lennox International, Inc. (LII) financial statements (2020 and earlier)

Company profile

Business Address 2140 LAKE PARK BLVD
RICHARDSON, TX 75080
State of Incorp. DE
Fiscal Year End December 31
SIC 3585 - Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration 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 investments40466850393838
Cash and cash equivalents37466850393838
Short-term investments3      
Receivables478473507470423421408
Inventory, net of allowances, customer advances and progress billings544510484419419463379
Inventory544510484419419463379
Other current assets59617867585953
Other undisclosed current assets     3325
Total current assets:1,1211,0891,1371,0069381,014902
Noncurrent Assets
Operating lease, right-of-use asset182
Property, plant and equipment445408398361340359336
Long-term investments and receivables 373331303128
Long-term investments 373331303128
Intangible assets, net (including goodwill)187187213207209247252
Goodwill187187201195195209217
Intangible assets, net (excluding goodwill)  1312143735
Other noncurrent assets79666261628584
Other undisclosed noncurrent assets223048941022925
Total noncurrent assets:914728754754742750724
TOTAL ASSETS:2,0351,8171,8921,7601,6801,7641,627
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities628708621636589659547
Accounts payable372433349361320324283
Accrued liabilities256272270266243239232
Employee-related liabilities     73 
Taxes payable 229262232
Debt32230134253235251167
Derivative instruments and hedges, liabilities     72
Accrued environmental loss contingencies     21
Self insurance reserve     1313
Deferred revenue and credits   1210
Other undisclosed current liabilities53    (116)(26)
Total current liabilities:1,0031,009655889824827714
Noncurrent Liabilities
Long-term debt and lease obligation, including:849741971616509675233
Finance lease, liability26
Capital lease obligations161215161616
Operating lease, liability131
Other undisclosed long-term debt and lease obligation692725959601493660217
Liabilities, other than long-term debt322218216218246343230
Pension and other postretirement defined benefit plans, liabilities75
Accounts payable and accrued liabilities75    60 
Deferred revenue6
Liability, pension and other postretirement and postemployment benefits87838790125134
Accrued environmental loss contingencies     54
Other liabilities135135129128121119119
Self insurance reserve19    2632
Other undisclosed noncurrent liabilities31    (90)(36)
Total noncurrent liabilities:1,2029581,187834755928427
Total liabilities:2,2051,9671,8411,7221,5791,7551,141
Stockholders' equity
Stockholders' equity attributable to parent, including:(170)(150)50381029486
Common stock1111111
Treasury stock, value(3,310)(2,896)(2,431)(2,167)(1,844)(1,686)(1,238)
Additional paid in capital1,0941,0791,0621,0461,002825913
Accumulated other comprehensive loss(104)(189)(157)(195)(205)(154)(61)
Retained earnings2,1491,8551,5761,3531,1471,022871
Other undisclosed stockholders' equity attributable to parent   0011
Stockholders' equity attributable to noncontrolling interest     11
Other undisclosed stockholders' equity     (1)(1)
Total stockholders' equity:(170)(150)50381029486
TOTAL LIABILITIES AND EQUITY:2,0351,8171,8921,7601,6801,7641,627

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
Revenues3,8073,8843,8403,6423,4673,3673,199
Revenue, net3,8403,6423,4673,3673,199
Cost of revenue
(Cost of Goods and Services Sold)
(2,727)(2,773)(2,714)(2,565)(2,520)(2,464)(2,338)
Other undisclosed gross profit     1 
Gross profit:1,0801,1111,1251,077947903861
Operating expenses(596)(3)(3)(2)(628)(701)(691)
Other operating expense, net(8)(2)  (22)(7)(9)
Other expenses(2)(2)   (0)1
Other undisclosed operating income (loss)182(597)(628)(645)8140128
Operating income:657510495429305335289
Nonoperating income (expense)(2)(3)0 101
Investment income, nonoperating     22
Foreign currency transaction loss, before tax     (2)(1)
Other nonoperating income (expense)(2)(3)0 10(0)
Interest and debt expense(48)(38)(31)(27)(24)(17)(15)
Income from continuing operations before equity method investments, income taxes:607468464402283318276
Income from equity method investments     1412
Other undisclosed income (loss) from continuing operations before income taxes(99)  0 (14)(14)
Income from continuing operations before income taxes:508468464403283318274
Income tax expense(99)(108)(157)(124)(95)(110)(94)
Income from continuing operations:409360307279187208180
Income (loss) from discontinued operations(0)(1)(1)(1)(1)(2)5
Net income:409359306278187206185
Other undisclosed net loss attributable to parent      (13)
Net income available to common stockholders, diluted:409359306278187206172

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:409359306278187206185
Other comprehensive income (loss)85(31)3810(51)(92)(39)
Comprehensive income:494328343287135113146
Other undisclosed comprehensive loss, net of tax, attributable to parent      (13)
Comprehensive income, net of tax, attributable to parent:494328343287135113133

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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