Owens Corning Inc (OC) financial statements (2021 and earlier)

Company profile

Business Address ONE OWENS CORNING PARKWAY
TOLEDO, OH 43659
State of Incorp. DE
Fiscal Year End December 31
SIC 329 - Abrasive, Asbestos, And Miscellaneous (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 investments17278246112966757
Cash and cash equivalents17278246112966757
Receivables770794806678709674683
Inventory, net of allowances, customer advances and progress billings1,0331,072841710644817810
Inventory1,0331,072841710644817810
Disposal group, including discontinued operation 312121216 
Prepaid expense and other current assets269
Assets held-for-sale29
Other current assets8673807477233 
Total current assets:2,0612,0201,9851,5861,5381,8071,848
Noncurrent Assets
Finance lease, right-of-use asset21
Operating lease, right-of-use asset203
Property, plant and equipment3,8553,8113,4253,1122,9562,8992,932
Long-term investments and receivables51      
Long-term investments51      
Intangible assets, net (including goodwill)1,7211,7791,3601,1389991,0171,040
Intangible assets, net (excluding goodwill)1,7211,7791,3601,1389991,0171,040
Other noncurrent assets188169211194228220 
Prepaid expense and other noncurrent assets225
Other undisclosed noncurrent assets1,9061,9921,6511,7111,6591,6121,602
Total noncurrent assets:7,9457,7516,6476,1555,8425,7485,799
TOTAL ASSETS:10,0069,7718,6327,7417,3807,5557,647
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,3291,2781,277960948949988
Accounts payable815851834615535542547
Accrued liabilities276227685668100 
Employee-related liabilities  35363838 
Interest and dividends payable  221179 
Other undisclosed accounts payable and accrued liabilities238200318242300260441
Debt100953169344
Other undisclosed current liabilities(100)(9)     
Total current liabilities:1,3291,2781,2829631,117983992
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,9863,3622,4052,0991,7021,9912,024
Long-term debt, excluding current maturities2,9863,3622,4052,0991,7021,9912,027
Finance lease, liability19
Operating lease, liability138
Other undisclosed long-term debt and lease obligation(157)     (3)
Liabilities, other than long-term debt610807741788782851801
Pension and other postretirement defined benefit plans, liabilities578
Deferred tax liabilities, net141373682223
Liability, pension and other postretirement and postemployment benefits410458481588637699
Other liabilities200208223164137130200
Other undisclosed noncurrent liabilities410      
Total noncurrent liabilities:4,0064,1693,1462,8872,4842,8422,825
Total liabilities:5,3355,4474,4283,8503,6013,8253,817
Temporary equity, carrying amount   2   
Stockholders' equity
Stockholders' equity attributable to parent, including:4,6314,2834,1623,8493,7393,6923,793
Common stock111111 
Treasury stock, value(1,130)(1,103)(911)(803)(612)(518)(504)
Additional paid in capital4,0514,0284,0113,9843,9653,9543,938
Accumulated other comprehensive loss(610)(656)(514)(710)(670)(550)(297)
Retained earnings2,3192,0131,5751,3771,055805655
Other undisclosed stockholders' equity attributable to parent      1
Stockholders' equity attributable to noncontrolling interest40414240403837
Total stockholders' equity:4,6714,3244,2043,8893,7793,7303,830
TOTAL LIABILITIES AND EQUITY:10,0069,7718,6327,7417,3807,5557,647

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
Revenues7,1607,0576,3845,6775,3505,2765,295
Revenue, net6,3845,6775,3505,2765,295
Cost of revenue
(Cost of Goods and Services Sold)
(5,551)(5,425)(4,812)(4,296)(4,197)(4,300)(4,329)
Gross profit:1,6091,6321,5721,3811,153976966
Operating expenses(822)(825)(835)(682)(605)(584)(581)
Operating income:787807737699548392385
Nonoperating income (expense)
(Foreign Currency Transaction loss, before Tax)
     (4) 
Interest and debt expense(163)(117)(178)(109)(95)(160)(112)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(34)14   4 
Income from continuing operations before equity method investments, income taxes:590704559590453232273
Income (loss) from equity method investments1(1) (3)   
Income from continuing operations before income taxes:591703559587453232273
Income tax expense(186)(156)(269)(188)(120)(5)(68)
Income before gain (loss) on sale of properties:405547290399333227205
Other undisclosed net income    11 
Net income:405547290399334228205
Net loss attributable to noncontrolling interest (2)(1)(6)(4)(2)(1)
Net income available to common stockholders, diluted:405545289393330226204

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:405547290399334228205
Other comprehensive income (loss)04(17)56(253) 
Other undisclosed comprehensive income (loss)46(146)213(45)(126)  
Comprehensive income (loss):451405486359214(25)205
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (2)(1)(6)(4)(2)1
Other undisclosed comprehensive income, net of tax, attributable to parent      65
Comprehensive income (loss), net of tax, attributable to parent:451403485353210(27)271

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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