nVent Electric plc (NVT) Financial Statements (2024 and earlier)

Company Profile

Business Address THE MILLE
LONDON, TW8 9DW
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 355 - Special Industry Machinery, Except Metalworking (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 29850123106159
Cash and cash equivalents 29850123106159
Receivables(10)(7)(6)(5)(6)
Inventory, net of allowances, customer advances and progress billings347322235245228
Inventory347322235245228
Other current assets11310293113118
Other undisclosed current assets482445320340347
Total current assets:1,229912764799847
Noncurrent Assets
Property, plant and equipment289291289  
Intangible assets, net (including goodwill)3,2443,3313,2043,4403,408
Goodwill2,1782,1872,0982,2792,234
Intangible assets, net (excluding goodwill)1,0661,1441,1061,1611,173
Other noncurrent assets14014110911834
Total noncurrent assets:3,6733,7633,6023,5573,441
Other undisclosed assets    285265
TOTAL ASSETS:4,9024,6744,3664,6404,553
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities635631430445449
Employee-related liabilities114707276
Accounts payable252261171187186
Accrued liabilities382256189186187
Debt 155201813
Other undisclosed current liabilities     
Total current liabilities:650636450462462
Noncurrent Liabilities
Long-term debt and lease obligation 1,0689949281,047929
Long-term debt, excluding current maturities 1,0689949281,047929
Liabilities, other than long-term debt453548578539475
Deferred tax liabilities, net238225
Deferred income tax liabilities200210230 
Liability, pension and other postretirement and postemployment benefits129208238207178
Other liabilities1251291109472
Other undisclosed noncurrent liabilities     
Total noncurrent liabilities:1,5211,5421,5061,5861,404
Total liabilities:2,1712,1781,9562,0481,866
Equity
Equity, attributable to parent2,7302,4942,4082,5912,685
Additional paid in capital2,3722,4032,4832,5032,710
Accumulated other comprehensive loss(100)(83)(95)(99)(108)
Retained earnings4571752118783
Other undisclosed equity22222
Total equity:2,7322,4962,4102,5932,687
TOTAL LIABILITIES AND EQUITY:4,9024,6744,3664,6404,553

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues2,9092,4621,9992,2042,214
Cost of revenue
(Cost of Goods and Services Sold)
(1,812)(1,520)(1,249)(1,338)(1,338)
Gross profit:1,097942749866876
Operating expenses(656)(587)(491)(533)(565)
Other undisclosed operating loss   (221)  
Operating income:44035538333311
Nonoperating income6313   
Other nonoperating income6313   
Interest and debt expense (31)(48)(36)(45)(31)
Other undisclosed loss from continuing operations before equity method investments, income taxes     
Income from continuing operations before equity method investments, income taxes:4733212288280
Other undisclosed loss from continuing operations before income taxes  (12)(31)(11)
Income (loss) from continuing operations before income taxes:473321(10)257269
Income tax expense(73)(48)(38)(35)(38)
Income (loss) from continuing operations:400273(47)223231
Income (loss) before gain (loss) on sale of properties:273(47)223231
Net income (loss) available to common stockholders, diluted:400273(47)223231

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):400273(47)223231
Other comprehensive income (loss)(16)1239(51)
Other undisclosed comprehensive loss     
Comprehensive income (loss):383285(44)232180
Other undisclosed comprehensive income, net of tax, attributable to parent     
Comprehensive income (loss), net of tax, attributable to parent:383285(44)232180

Statements Sources

The financial statements are based on the Company's filings with 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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