nVent Electric plc (NVT) financial statements (2022 and earlier)

Company profile

Business Address THE MILLE
LONDON, TW8 9DW
State of Incorp.
Fiscal Year End December 31
SIC 355 - Special Industry Machinery, Except Metalworking (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments50123106159
Cash and cash equivalents50123106159
Receivables(7)(6)(5)(6)
Inventory, net of allowances, customer advances and progress billings322235245228
Inventory322235245228
Other current assets10293113118
Other undisclosed current assets445320340347
Total current assets:912764799847
Noncurrent Assets
Property, plant and equipment291289  
Intangible assets, net (including goodwill)3,3313,2043,4403,408
Goodwill2,1872,0982,2792,234
Intangible assets, net (excluding goodwill)1,1441,1061,1611,173
Other noncurrent assets14110911834
Total noncurrent assets:3,7633,6023,5573,441
Other undisclosed assets  285265
TOTAL ASSETS:4,6744,3664,6404,553
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities631430445449
Accounts payable261171187186
Accrued liabilities256189186187
Employee-related liabilities114707276
Debt5201813
Total current liabilities:636450462462
Noncurrent Liabilities
Long-term debt and lease obligation9949281,047929
Long-term debt, excluding current maturities9949281,047929
Liabilities, other than long-term debt548578539475
Deferred tax liabilities, net238225
Deferred income tax liabilities210230 
Liability, pension and other postretirement and postemployment benefits208238207178
Other liabilities1291109472
Total noncurrent liabilities:1,5421,5061,5861,404
Total liabilities:2,1781,9562,0481,866
Stockholders' equity
Stockholders' equity attributable to parent2,4942,4082,5912,685
Additional paid in capital2,4032,4832,5032,710
Accumulated other comprehensive loss(83)(95)(99)(108)
Retained earnings1752118783
Other undisclosed stockholders' equity2222
Total stockholders' equity:2,4962,4102,5932,687
TOTAL LIABILITIES AND EQUITY:4,6744,3664,6404,553

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues2,4621,9992,2042,214
Cost of revenue
(Cost of Goods and Services Sold)
(1,520)(1,249)(1,338)(1,338)
Gross profit:942749866876
Operating expenses(587)(491)(533)(565)
Other undisclosed operating loss (221)  
Operating income:35538333311
Nonoperating income
(Other Nonoperating income)
13   
Interest and debt expense(48)(36)(45)(31)
Income from continuing operations before equity method investments, income taxes:3212288280
Other undisclosed loss from continuing operations before income taxes (12)(31)(11)
Income (loss) from continuing operations before income taxes:321(10)257269
Income tax expense(48)(38)(35)(38)
Net income (loss) available to common stockholders, diluted:273(47)223231

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):273(47)223231
Other comprehensive income (loss)1239(51)
Comprehensive income (loss), net of tax, attributable to parent:285(44)232180

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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