MSA Safety Incorporated (MSA) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments141161152140134114106
Cash and cash equivalents141161152140134114106
Receivables284278268256276228244
Inventory, net of allowances, customer advances and progress billings281198185157154103126
Inventory281198185157154103126
Other undisclosed current assets8711788104592830
Total current assets:793754693657622473505
Noncurrent Assets
Operating lease, right-of-use asset505352
Nontrade receivables122      
Property, plant and equipment208190167158157149156
Intangible assets, net (including goodwill), including:944604608583183410430
Goodwill637443437414422333340
Intangible assets, net (excluding goodwill)3071611711701837790
Other undisclosed intangible assets, net (including goodwill)    (422)  
Deferred income tax assets3536 
Other noncurrent assets159896064132173245
Defined benefit plan, assets for plan benefits6362
Other undisclosed noncurrent assets861461601465918626
Total noncurrent assets:1,6041,1181,0469511,063881920
TOTAL ASSETS:2,3961,8721,7401,6081,6851,3541,425
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities162131138130126107118
Accounts payable107878978876368
Employee-related liabilities50404251394038
Taxes payable547  412
Debt 20202027277
Other liabilities1131169484776970
Other undisclosed current liabilities55442649591958
Total current liabilities:331311278282289221252
Noncurrent Liabilities
Long-term debt and lease obligation638332371341448364460
Long-term debt, excluding current maturities598287328341448364460
Operating lease, liability414543
Liabilities, other than long-term debt593420349345345207196
Deferred tax liabilities, net793425
Deferred income tax liabilities3311 
Liability, pension and other postretirement and postemployment benefits190208187166171158156
Other liabilities3702011621721651515
Other undisclosed noncurrent liabilities  10    
Total noncurrent liabilities:1,231752730686793571656
Total liabilities:1,5621,0631,0079681,082793908
Stockholders' equity
Stockholders' equity attributable to parent, including:834802726634598558516
Preferred stock 444444
Common stock 243229212195173158
Treasury stock, value(330)(328)(305)(298)(298)(289)(295)
Accumulated other comprehensive loss(149)(182)(214)(219)(172)(230)(208)
Retained earnings1,0501,0661,012936869901859
Other undisclosed stockholders' equity attributable to parent264      
Stockholders' equity attributable to noncontrolling interest 876531
Total stockholders' equity:834810733640603561517
TOTAL LIABILITIES AND EQUITY:2,3961,8721,7401,6081,6851,3541,425

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,4001,3481,4021,3581,1971,1501,130
Revenue, net1,1971,1501,131
Cost of revenue(785)(758)(765)(746)(656)(626)(644)
Cost of goods and services sold(785)(758)(765)(746)(656)(626)(630)
Other undisclosed gross profit      16
Gross profit:615590637612540524501
Operating expenses(407)(415)(431)(436)(492)(359)(374)
Other operating income, net      1
Other undisclosed operating loss(185)(9)(20)(2)(5)(1) 
Operating income:2316718617343164128
Nonoperating income (expense)1(4)(2)(11)(14)(12)(6)
Investment income, nonoperating      (4)
Foreign currency transaction loss, before tax      (2)
Other nonoperating income12611924 
Interest and debt expense(11)(9)(14)(1)(15)(16)(11)
Other undisclosed income from continuing operations before equity method investments, income taxes 914115161
Income from continuing operations before equity method investments, income taxes:1316318416230152111
Other undisclosed income from continuing operations before income taxes11      
Income from continuing operations before income taxes:2416318416230152111
Income tax expense(2)(42)(46)(37)(3)(58)(44)
Income from continuing operations:22121138125279467
Income (loss) from discontinued operations     (0)1
Net income:22121138125279468
Net income (loss) attributable to noncontrolling interest(0)(1)(1)(1)(1)(2)3
Net income attributable to parent:21120136124269271
Other undisclosed net loss available to common stockholders, basic(0)      
Net income available to common stockholders, basic:21120136124269271
Other undisclosed net loss available to common stockholders, diluted(0)      
Net income available to common stockholders, diluted:21120136124269271

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:22121138125279468
Other comprehensive income (loss)33329(47)61(20) 
Other undisclosed comprehensive loss      (43)
Comprehensive income:5515314678887325
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(1)(1)(1)(4)(4)4
Comprehensive income, net of tax, attributable to parent:5515214577857029

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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