STEINWAY MUSICAL INSTRUMENTS INC (LVB) financial statements (2021 and earlier)

Company profile

Business Address 800 SOUTH STREET
WALTHAM, MA 02453-1472
State of Incorp. DE
Fiscal Year End December 31
SIC 3931 - Musical Instruments (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments73
Cash and cash equivalents73
Receivables44
Inventory, net of allowances, customer advances and progress billings125
Inventory125
Prepaid expense and other current assets9
Deferred tax assets5
Total current assets:256
Noncurrent Assets
Property, plant and equipment91
Long-term investments and receivables3
Long-term investments2
Accounts and financing receivable, after allowance for credit loss2
Intangible assets, net (including goodwill)24
Goodwill23
Intangible assets, net (excluding goodwill)1
Deposits noncurrent assets7
Prepaid expense and other noncurrent assets16
Defined benefit plan, assets for plan benefits0
Other undisclosed noncurrent assets28
Total noncurrent assets:169
TOTAL ASSETS:426
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities13
Accounts payable13
Taxes payable0
Debt1
Liability for uncertainty in income taxes0
Deferred revenue and credits11
Other liabilities40
Other undisclosed current liabilities(11)
Total current liabilities:54
Noncurrent Liabilities
Long-term debt and lease obligation67
Long-term debt, excluding current maturities67
Liabilities, other than long-term debt63
Pension and other postretirement defined benefit plans, liabilities55
Deferred tax liabilities, net1
Liability for uncertainty in income taxes0
Other liabilities8
Other undisclosed noncurrent liabilities(0)
Total noncurrent liabilities:130
Total liabilities:184
Stockholders' equity
Stockholders' equity attributable to parent, including:242
Treasury stock, value(44)
Additional paid in capital163
Accumulated other comprehensive loss(26)
Retained earnings149
Other undisclosed stockholders' equity attributable to parent0
Total stockholders' equity:242
TOTAL LIABILITIES AND EQUITY:426

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

12/31/2012
Revenues
(Revenue, Net)
354
Cost of revenue
(Cost of Goods and Services Sold)
(239)
Gross profit:115
Operating expenses(86)
Operating income:29
Nonoperating expense(7)
Investment income, nonoperating1
Other nonoperating expense(3)
Interest and debt expense(5)
Other undisclosed income from continuing operations before equity method investments, income taxes5
Income from continuing operations before income taxes:22
Income tax expense(8)
Net income available to common stockholders, diluted:14

Comprehensive Income ($ in millions)

12/31/2012
Net income:14
Comprehensive income:14
Other undisclosed comprehensive loss, net of tax, attributable to parent(6)
Comprehensive income, net of tax, attributable to parent:7

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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