Manitowoc Company, Inc. (The) (MTW) financial statements (2022 and earlier)

Company profile

Business Address 11270 WEST PARK PLACE
MILWAUKEE, WI 53224
State of Incorp. WI
Fiscal Year End December 31
SIC 3531 - Construction Machinery and Equipment (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 investments, including:751291991401197063
Cash and cash equivalents75129199 1197063
Other undisclosed cash, cash equivalents, and short-term investments   140   
Restricted cash and investments      18
Receivables253229186191210197220
Inventory, net of allowances, customer advances and progress billings577473461453396429599
Inventory577473461453396429599
Other current assets373626587454115
Total current assets:9428668728437997501,014
Noncurrent Assets
Operating lease, right-of-use asset413848
Property, plant and equipment359294290289295309527
Intangible assets, net (including goodwill)3893573493514434141,791
Goodwill2502352332333213001,152
Intangible assets, net (excluding goodwill)140122116118122114639
Other noncurrent assets454959597046108
Other undisclosed noncurrent assets      9
Total noncurrent assets:8337387456998097682,435
TOTAL ASSETS:1,7751,6041,6181,5421,6081,5183,449
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:413329341425376336666
Accounts payable239178187249205158390
Accrued liabilities10190779287150180
Employee-related liabilities52395760602885
Taxes payable      12
Other undisclosed accounts payable and accrued liabilities2222202424  
Deferred revenue292626
Debt7114681268
Restructuring reserve      23
Estimated litigation liability     2225
Deferred revenue and credits  17
Customer advances and deposits132113
Contract with customer, liability10
Other liabilities23202316   
Other undisclosed current liabilities49504739562271
Total current liabilities:521436441497453413884
Noncurrent Liabilities
Long-term debt and lease obligation, including:4003003082672672691,346
Operating lease, liability292838
Other undisclosed long-term debt and lease obligation3712722712672672691,346
Liabilities, other than long-term debt170202179177211245400
Deferred revenue and credits212034
Accounts payable and accrued liabilities76     
Deferred revenue233230
Contract with customer, liability25
Deferred tax liabilities, net6133789
Deferred income tax liabilities76 
Liability, pension and other postretirement and postemployment benefits82103103104114124176
Other liabilities525446426264100
Other undisclosed noncurrent liabilities222243    
Total noncurrent liabilities:5925245314444775151,746
Total liabilities:1,1139609729419309272,629
Stockholders' equity
Stockholders' equity attributable to parent662644646601678591820
Common stock0001111
Treasury stock, value(66)(71)(62)(57)(60)(63)(72)
Additional paid in capital602595592584577568558
Accumulated other comprehensive loss(102)(98)(121)(117)(97)(163)(208)
Retained earnings228217236190257247540
Total stockholders' equity:662644646601678591820
TOTAL LIABILITIES AND EQUITY:1,7751,6041,6181,5421,6081,5183,449

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
Revenues1,7201,4431,8341,8471,5811,6133,436
Revenue, net1,5811,6133,436
Cost of revenue(1,413)(1,189)(1,490)(1,519)(1,299)(1,360)(3,123)
Cost of goods and services sold(1,413)(1,189)(1,490)(1,519)(1,299)(1,360)(2,603)
Gross profit:307255344328282253313
Operating expenses(2)(7)(10)(96)(28)(123)(181)
Other operating expense, net    (0)(3) 
Other undisclosed operating loss(259)(209)(226)(252)(253)(281) 
Operating income (loss):4739108(19)1(153)133
Nonoperating expense(29)(41)(49)(52)(41)(115)(76)
Other nonoperating income (expense)1(10)10(12)1326
Interest and debt expense (2)(25)(39)(39)(76)(0)
Other undisclosed income from continuing operations before equity method investments, income taxes     760
Income (loss) from continuing operations before equity method investments, income taxes:17(4)34(111)(79)(268)57
Other undisclosed income from continuing operations before income taxes 2253939  
Income (loss) from continuing operations before income taxes:17(2)59(72)(40)(268)57
Income tax expense (benefit)(6)(17)(12)550(101)7
Income (loss) before gain (loss) on sale of properties:11(19)47(67)10(369)63
Other undisclosed net income (loss)   (0) (7)0
Net income (loss):11(19)47(67)10(376)64
Other undisclosed net loss attributable to parent    (1)  
Net income (loss) available to common stockholders, diluted:11(19)47(67)9(376)64

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 (loss):11(19)47(67)10(376)64
Other comprehensive income (loss)(6) 0(1)66(23)(77)
Other undisclosed comprehensive loss    (1)  
Comprehensive income (loss):6(19)47(69)75(399)(14)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent124(5)(18)   
Comprehensive income (loss), net of tax, attributable to parent:6442(86)75(399)(14)

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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