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)

12/31/2020
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 investments161152140134114106106
Cash and cash equivalents161152140134114106106
Receivables278268256276228244216
Inventory, net of allowances, customer advances and progress billings198185157154103126123
Inventory198185157154103126123
Disposal group, including discontinued operation      18
Other undisclosed current assets1178810459283034
Total current assets:754693657622473505498
Noncurrent Assets
Operating lease, right-of-use asset5352
Nontrade receivables      219
Property, plant and equipment190167158157149156151
Intangible assets, net (including goodwill), including:604608583183410430284
Goodwill443437414422333340253
Intangible assets, net (excluding goodwill)161171170183779031
Other undisclosed intangible assets, net (including goodwill)   (422)   
Deferred income tax assets36 
Other noncurrent assets896064132173245236
Defined benefit plan, assets for plan benefits636275
Other undisclosed noncurrent assets1461601465918626(198)
Total noncurrent assets:1,1181,0469511,063881920767
TOTAL ASSETS:1,8721,7401,6081,6851,3541,4251,265
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities131138130126107118116
Accounts payable87897887636870
Employee-related liabilities40425139403840
Taxes payable47  4126
Debt202020272777
Self insurance reserve      47
Other liabilities116948477697064
Other undisclosed current liabilities442649591958 
Total current liabilities:311278282289221252234
Noncurrent Liabilities
Long-term debt and lease obligation332371341448364460245
Long-term debt, excluding current maturities287328341448364460245
Operating lease, liability4543
Liabilities, other than long-term debt420349345345207196247
Deferred tax liabilities, net79342526
Deferred income tax liabilities11 
Liability, pension and other postretirement and postemployment benefits208187166171158156175
Other liabilities201162172165151546
Other undisclosed noncurrent liabilities 10     
Total noncurrent liabilities:752730686793571656492
Total liabilities:1,0631,0079681,082793908726
Stockholders' equity
Stockholders' equity attributable to parent802726634598558516534
Preferred stock4444444
Common stock243229212195173158148
Treasury stock, value(328)(305)(298)(298)(289)(295)(287)
Accumulated other comprehensive loss(182)(214)(219)(172)(230)(208)(167)
Retained earnings1,0661,012936869901859835
Stockholders' equity attributable to noncontrolling interest8765315
Total stockholders' equity:810733640603561517539
TOTAL LIABILITIES AND EQUITY:1,8721,7401,6081,6851,3541,4251,265

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
Revenues1,3481,4021,3581,1971,1501,1301,137
Revenue, net1,1971,1501,1311,134
Cost of revenue(758)(765)(746)(656)(626)(644)(619)
Cost of goods and services sold(758)(765)(746)(656)(626)(630)(619)
Other undisclosed gross profit     16(3)
Gross profit:590637612540524501515
Operating expenses(415)(431)(436)(492)(359)(374)(407)
Other operating income (expense), net     1(1)
Other undisclosed operating loss(9)(20)(2)(5)(1)  
Operating income:16718617343164128107
Nonoperating expense(4)(2)(11)(14)(12)(6)(2)
Investment income, nonoperating     (4) 
Foreign currency transaction loss, before tax     (2)(2)
Other nonoperating income611924  
Interest and debt expense(9)(14)(1)(15)(16)(11)(10)
Other undisclosed income from continuing operations before equity method investments, income taxes91411516132
Income from continuing operations before income taxes:16318416230152111127
Income tax expense(42)(46)(37)(3)(58)(44)(41)
Income from continuing operations:12113812527946786
Income (loss) from discontinued operations    (0)12
Net income:12113812527946888
Net income (loss) attributable to noncontrolling interest(1)(1)(1)(1)(2)31
Net income available to common stockholders, diluted:12013612426927189

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:12113812527946888
Other comprehensive income (loss)329(47)61(20)  
Other undisclosed comprehensive loss     (43)(89)
Comprehensive income (loss):15314678887325(1)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)(1)(1)(4)(4)41
Comprehensive income, net of tax, attributable to parent:152145778570290

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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