Manitowoc Company, Inc. (The) (MTW) financial statements (2021 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)

12/31/2020
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 investments, including:129199140119706368
Cash and cash equivalents129199 119706368
Other undisclosed cash, cash equivalents, and short-term investments  140    
Restricted cash and investments     1824
Receivables229186191210197220227
Inventory, net of allowances, customer advances and progress billings473461453396429599645
Inventory473461453396429599645
Deferred tax assets    66
Other current assets3626587454115151
Other undisclosed current assets      6
Total current assets:8668728437997501,0141,186
Noncurrent Assets
Operating lease, right-of-use asset3848
Property, plant and equipment294290289295309527591
Intangible assets, net (including goodwill)3573493514434141,7911,913
Goodwill2352332333213001,1521,198
Intangible assets, net (excluding goodwill)122116118122114639715
Other noncurrent assets4959597046108127
Other undisclosed noncurrent assets     9 
Total noncurrent assets:7387456998097682,4352,631
TOTAL ASSETS:1,6041,6181,5421,6081,5183,4493,817
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:329341425376336666314
Accounts payable178187249205158390 
Accrued liabilities90779287150180207
Employee-related liabilities39576060288590
Taxes payable     1216
Other undisclosed accounts payable and accrued liabilities22202424   
Deferred revenue2626
Debt11468126880
Restructuring reserve     2320
Estimated litigation liability    222525
Deferred revenue and credits  1722
Deferred tax liabilities    6
Customer advances and deposits13211321
Contract with customer, liability10
Other liabilities202316    
Other undisclosed current liabilities504739562271524
Total current liabilities:4364414974534138841,011
Noncurrent Liabilities
Long-term debt and lease obligation, including:3003082672672691,3461,443
Operating lease, liability2838
Other undisclosed long-term debt and lease obligation2722712672672691,3461,443
Liabilities, other than long-term debt202179177211245400538
Deferred revenue and credits21203438
Accounts payable and accrued liabilities6      
Deferred revenue3230
Contract with customer, liability25
Deferred tax liabilities, net6133789186
Deferred income tax liabilities6 
Liability, pension and other postretirement and postemployment benefits103103104114124176194
Other liabilities5446426264100120
Other undisclosed noncurrent liabilities2243     
Total noncurrent liabilities:5245314444775151,7461,981
Total liabilities:9609729419309272,6292,993
Stockholders' equity
Stockholders' equity attributable to parent644646601678591820824
Common stock0011111
Treasury stock, value(71)(62)(57)(60)(63)(72)(73)
Additional paid in capital595592584577568558540
Accumulated other comprehensive loss(98)(121)(117)(97)(163)(208)(131)
Retained earnings217236190257247540487
Total stockholders' equity:644646601678591820824
TOTAL LIABILITIES AND EQUITY:1,6041,6181,5421,6081,5183,4493,817

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
Revenues1,4431,8341,8471,5811,6133,4363,887
Revenue, net1,5811,6133,4363,887
Cost of revenue(1,189)(1,490)(1,519)(1,299)(1,360)(3,123)(3,414)
Cost of goods and services sold(1,189)(1,490)(1,519)(1,299)(1,360)(2,603)(2,900)
Gross profit:255344328282253313473
Operating expenses(7)(10)(96)(28)(123)(181)(174)
Other operating expense, net   (0)(3)  
Other undisclosed operating loss(209)(226)(252)(253)(281)  
Operating income (loss):39108(19)1(153)133299
Nonoperating expense(41)(49)(52)(41)(115)(76)(129)
Other nonoperating income (expense)(10)10(12)1326(6)
Interest and debt expense(2)(25)(39)(39)(76)(0)(120)
Other undisclosed income from continuing operations before equity method investments, income taxes    760120
Income (loss) from continuing operations before equity method investments, income taxes:(4)34(111)(79)(268)57169
Other undisclosed income from continuing operations before income taxes2253939   
Income (loss) from continuing operations before income taxes:(2)59(72)(40)(268)57169
Income tax expense (benefit)(17)(12)550(101)7(9)
Income (loss) from continuing operations:(19)47(67)10(369)63161
Income from discontinued operations      1
Income (loss) before gain (loss) on sale of properties:(19)47(67)10(369)63162
Other undisclosed net income (loss)  (0) (7)0(13)
Net income (loss):(19)47(67)10(376)64148
Net loss attributable to noncontrolling interest      (4)
Other undisclosed net loss attributable to parent   (1)   
Net income (loss) available to common stockholders, diluted:(19)47(67)9(376)64145

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 (loss):(19)47(67)10(376)64148
Other comprehensive income (loss) 0(1)66(23)(77)(124)
Other undisclosed comprehensive loss   (1)   
Comprehensive income (loss):(19)47(69)75(399)(14)25
Comprehensive loss, net of tax, attributable to noncontrolling interest      (4)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent24(5)(18)    
Comprehensive income (loss), net of tax, attributable to parent:442(86)75(399)(14)21

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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