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)

12/31/2019
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 investments, including:19914011970636855
Cash and cash equivalents199 11970636855
Other undisclosed cash, cash equivalents, and short-term investments 140     
Restricted cash and investments    1824 
Receivables186191210197220227256
Inventory, net of allowances, customer advances and progress billings461453396429599645721
Inventory461453396429599645721
Disposal group, including discontinued operation      15
Deferred tax assets    6688
Other current assets26587454115151114
Other undisclosed current assets     615
Total current assets:8728437997501,0141,1861,263
Noncurrent Assets
Operating lease, right-of-use asset48
Property, plant and equipment290289295309527591579
Intangible assets, net (including goodwill)3493514434141,7911,9131,985
Goodwill2332333213001,1521,1981,219
Intangible assets, net (excluding goodwill)116118122114639715766
Other noncurrent assets59597046108127127
Assets of disposal group, including discontinued operation23
Other undisclosed noncurrent assets    9  
Total noncurrent assets:7456998097682,4352,6312,714
TOTAL ASSETS:1,6181,5421,6081,5183,4493,8173,977
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:341425376336666314162
Accounts payable187249205158390  
Accrued liabilities779287150180207 
Employee-related liabilities576060288590100
Taxes payable    121663
Other undisclosed accounts payable and accrued liabilities202424    
Deferred revenue26
Debt46812688023
Derivative instruments and hedges, liabilities      2
Restructuring reserve    2320
Estimated litigation liability   22252525
Disposal group, including discontinued operation      26
Deferred revenue and credits  172225
Deferred tax liabilities    62
Customer advances and deposits13211321
Contract with customer, liability10
Other liabilities2316     
Other undisclosed current liabilities4739562271524861
Total current liabilities:4414974534138841,0111,125
Noncurrent Liabilities
Long-term debt and lease obligation, including:3082672672691,3461,4431,504
Operating lease, liability38
Other undisclosed long-term debt and lease obligation2712672672691,3461,4431,504
Liabilities, other than long-term debt179177211245400538565
Deferred revenue and credits2120343838
Pension and other postretirement defined benefit plans, liabilities146
Deferred revenue30
Contract with customer, liability25
Deferred tax liabilities, net6133789186214
Liability, pension and other postretirement and postemployment benefits103104114124176194
Disposal group, including discontinued operation, liabilities      2
Other liabilities46426264100120165
Other undisclosed noncurrent liabilities43      
Total noncurrent liabilities:5314444775151,7461,9812,069
Total liabilities:9729419309272,6292,9933,194
Stockholders' equity
Stockholders' equity attributable to parent646601678591820824776
Common stock0111111
Treasury stock, value(62)(57)(60)(63)(72)(73)(78)
Additional paid in capital592584577568558540506
Accumulated other comprehensive loss(121)(117)(97)(163)(208)(131)(7)
Retained earnings236190257247540487353
Stockholders' equity attributable to noncontrolling interest      7
Total stockholders' equity:646601678591820824782
TOTAL LIABILITIES AND EQUITY:1,6181,5421,6081,5183,4493,8173,977

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
Revenues1,8341,8471,5811,6133,4363,8874,048
Revenue, net1,5811,6133,4363,8874,048
Cost of revenue(1,490)(1,519)(1,299)(1,360)(3,123)(3,414)(3,512)
Cost of goods and services sold(1,490)(1,519)(1,299)(1,360)(2,603)(2,900)(3,026)
Gross profit:344328282253313473536
Operating expenses(10)(96)(28)(123)(181)(174)(172)
Other operating expense, net  (0)(3)   
Other undisclosed operating loss(226)(252)(253)(281)   
Operating income (loss):108(19)1(153)133299364
Nonoperating expense(49)(52)(41)(115)(76)(129)(139)
Other nonoperating income (expense)10(12)1326(6)(1)
Interest and debt expense(25)(39)(39)(76)(0)(120)(131)
Other undisclosed income from continuing operations before equity method investments, income taxes   760120131
Income (loss) from continuing operations before equity method investments, income taxes:34(111)(79)(268)57169225
Other undisclosed income from continuing operations before income taxes253939    
Income (loss) from continuing operations before income taxes:59(72)(40)(268)57169225
Income tax expense (benefit)(12)550(101)7(9)(36)
Income (loss) from continuing operations:47(67)10(369)63161189
Income from discontinued operations     1 
Income (loss) before gain (loss) on sale of properties:47(67)10(369)63162189
Other undisclosed net income (loss) (0) (7)0(13)(22)
Net income (loss):47(67)10(376)64148168
Net loss attributable to noncontrolling interest     (4)(26)
Other undisclosed net loss attributable to parent  (1)    
Net income (loss) available to common stockholders, diluted:47(67)9(376)64145142

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 (loss):47(67)10(376)64148168
Other comprehensive income (loss)0(1)66(23)(77)(124)23
Other undisclosed comprehensive loss  (1)    
Comprehensive income (loss):47(69)75(399)(14)25190
Comprehensive income (loss), net of tax, attributable to noncontrolling interest     (4)26
Other undisclosed comprehensive loss, net of tax, attributable to parent(5)(18)    (52)
Comprehensive income (loss), net of tax, attributable to parent:42(86)75(399)(14)21164

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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