MSA Safety Incorporporated (MSA) financial statements (2021 and earlier)

Company profile

Business Address 1000 CRANBERRY WOODS DRIVE
CRANBERRY TOWNSHIP, PA 16066
State of Incorp.
Fiscal Year End December 31
SIC 3842 - Orthopedic, Prosthetic, and Surgical Appliances and Supplies (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 investments15214013411410610696
Cash and cash equivalents15214013411410610696
Receivables268256276228244216200
Inventory, net of allowances, customer advances and progress billings185157154103126123137
Inventory185157154103126123137
Disposal group, including discontinued operation     18 
Assets held-for-sale1
Income taxes receivable9
Other undisclosed current assets881045928303457
Total current assets:693657622473505498501
Noncurrent Assets
Operating lease, right-of-use asset52
Nontrade receivables     219
Property, plant and equipment167158157149156151153
Intangible assets, net (including goodwill), including:608583183410430284327
Goodwill437414422333340253260
Intangible assets, net (excluding goodwill)17117018377903167
Other undisclosed intangible assets, net (including goodwill)  (422)   
Other noncurrent assets6064132173245236149
Assets held-for-sale, long lived0
Defined benefit plan, assets for plan benefits636275121
Other undisclosed noncurrent assets1601465918626(198)(17)
Total noncurrent assets:1,0469511,063881920767733
TOTAL ASSETS:1,7401,6081,6851,3541,4251,2651,234
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities138130126107118116109
Accounts payable89788763687067
Employee-related liabilities42513940384038
Taxes payable7  41264
Debt20202727778
Self insurance reserve     47 
Other liabilities94847769706461
Other undisclosed current liabilities2649591958 14
Total current liabilities:278282289221252234192
Noncurrent Liabilities
Long-term debt and lease obligation371341448364460245261
Long-term debt, excluding current maturities328341448364460245261
Operating lease, liability43
Liabilities, other than long-term debt349345345207196247210
Pension and other postretirement defined benefit plans, liabilities152
Deferred tax liabilities, net7934252650
Liability, pension and other postretirement and postemployment benefits187166171158156175
Other liabilities1621721651515468
Other undisclosed noncurrent liabilities10      
Total noncurrent liabilities:730686793571656492470
Total liabilities:1,0079681,082793908726662
Stockholders' equity
Stockholders' equity attributable to parent, including:726634598558516534566
Preferred stock4444444
Common stock229212195173158148132
Treasury stock, value(305)(298)(298)(289)(295)(287)(282)
Accumulated other comprehensive loss(214)(219)(172)(230)(208)(167)(78)
Retained earnings1,012936869901859835792
Other undisclosed stockholders' equity attributable to parent      (2)
Stockholders' equity attributable to noncontrolling interest7653156
Total stockholders' equity:733640603561517539572
TOTAL LIABILITIES AND EQUITY:1,7401,6081,6851,3541,4251,2651,234

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
Revenues1,4021,3581,1971,1501,1301,1371,112
Revenue, net1,1971,1501,1311,1341,112
Cost of revenue(765)(746)(656)(626)(644)(619)(615)
Cost of goods and services sold(765)(746)(656)(626)(630)(619)(615)
Other undisclosed gross profit    16(3)0
Gross profit:637612540524501515497
Operating expenses(431)(436)(492)(359)(374)(407)(392)
Other operating income (expense), net    1(1)(0)
Other undisclosed operating loss(20)(2)(5)(1)   
Operating income:18617343164128107104
Nonoperating expense(2)(11)(14)(12)(6)(2)(5)
Investment income, nonoperating    (4)  
Foreign currency transaction loss, before tax    (2)(2)(5)
Other nonoperating income11924   
Interest and debt expense(14)(1)(15)(16)(11)(10)(11)
Other undisclosed income from continuing operations before equity method investments, income taxes141151613232
Income from continuing operations before income taxes:18416230152111127120
Income tax expense(46)(37)(3)(58)(44)(41)(35)
Income from continuing operations:1381252794678685
Income (loss) from discontinued operations   (0)123
Net income:1381252794688888
Net income (loss) attributable to noncontrolling interest(1)(1)(1)(2)310
Net income available to common stockholders, diluted:1361242692718988

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:1381252794688888
Other comprehensive income (loss)9(47)61(20)   
Other undisclosed comprehensive income (loss)    (43)(89)48
Comprehensive income (loss):14678887325(1)136
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)(1)(4)(4)41(1)
Other undisclosed comprehensive income, net of tax, attributable to parent      3
Comprehensive income, net of tax, attributable to parent:145778570290137

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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