Nortek Inc (NTK) financial statements (2021 and earlier)

Company profile

Business Address 500 EXCHANGE STREET
PROVIDENCE, RI 02903
State of Incorp. DE
Fiscal Year End December 31
SIC 3634 - Electric Housewares and Fans (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments255881145
Cash and cash equivalents255881145
Restricted cash and investments0130
Receivables348325276257
Inventory, net of allowances, customer advances and progress billings368374271258
Inventory368374271258
Prepaid expense191820
Prepaid expense and other current assets28
Income taxes receivable877
Deferred tax assets 283029
Other current assets111012
Total current assets:771823700724
Noncurrent Assets
Property, plant and equipment229238232200
Intangible assets, net (including goodwill)1,1151,1171,022923
Goodwill506474374308
Intangible assets, net (excluding goodwill)609643649615
Regulated entity, other noncurrent assets14171619
Restricted cash and investments1234
Other noncurrent assets151318
Prepaid expense and other noncurrent assets21
Other undisclosed noncurrent assets (1)(2)(2)
Total noncurrent assets:1,3731,3861,2911,164
TOTAL ASSETS:2,1442,2091,9911,888
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities484511446373
Accounts payable269289215174
Accrued liabilities215222232199
Debt7743
Total current liabilities:491518450376
Noncurrent Liabilities
Long-term debt and lease obligation1,3851,3701,1271,098
Long-term debt, excluding current maturities1,3851,3391,0931,098
Capital lease obligations 3034 
Liabilities, other than long-term debt, including:255309348320
Pension and other postretirement defined benefit plans, liabilities554562
Deferred tax liabilities, net77124159133
Liability for uncertainty in income taxes 182326
Restructuring reserve  33
Other liabilities179186189187
Other undisclosed liabilities, other than long-term debt (73)(70)(92)
Total noncurrent liabilities:1,6411,6791,4751,418
Total liabilities:2,1322,1971,9251,794
Stockholders' equity
Stockholders' equity attributable to parent124210094
Common stock0000
Treasury stock, value(58)(55)(16)(10)
Additional paid in capital257249204189
Accumulated other comprehensive loss(43)(36)(16)(22)
Accumulated deficit(144)(117)(72)(63)
Total stockholders' equity:124210094
Other undisclosed liabilities and equity (30)(34) 
TOTAL LIABILITIES AND EQUITY:2,1442,2091,9911,888

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

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
2,5262,5462,2882,201
Cost of revenue
(Cost of Goods and Services Sold)
(1,798)(1,805)(1,627)(1,561)
Gross profit:728741661640
Operating expenses(643)(698)(578)(522)
Other undisclosed operating income (loss) (0)59
Operating income:854388128
Nonoperating income
(Investment Income, Nonoperating)
  00
Interest and debt expense(15)(108)(99)(103)
Other undisclosed loss from continuing operations before equity method investments, income taxes(101)   
Income (loss) from continuing operations before income taxes:(30)(65)(11)25
Income tax expense (benefit)3193(15)
Net income (loss) available to common stockholders, diluted:(27)(46)(8)10

Comprehensive Income ($ in millions)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):(27)(46)(8)10
Other comprehensive income (loss)(7)(19)6 
Other undisclosed comprehensive loss   (2)
Comprehensive income (loss), net of tax, attributable to parent:(34)(65)(2)8

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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