Owens Corning Inc (OC) Financial Statements (2024 and earlier)

Company Profile

Business Address ONE OWENS CORNING PARKWAY
TOLEDO, OH 43659
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 329 - Abrasive, Asbestos, And Miscellaneous (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
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,09995971717278246
Cash and cash equivalents1,09995971717278246
Receivables961939919770794806
Inventory, net of allowances, customer advances and progress billings1,3341,0788551,0331,072841
Inventory1,3341,0788551,0331,072841
Disposal group, including discontinued operation 45   312
Other current assets117121115867380
Total current assets:3,5563,0972,6062,0612,0201,985
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   7321
Operating lease, right-of-use asset204158154203
Property, plant and equipment3,7293,8733,8093,8553,8113,425
Long-term investments and receivables   5151  
Long-term investments   5151  
Intangible assets, net (including goodwill)1,6021,6171,4941,7211,7791,360
Goodwill  (173)   
Intangible assets, net (excluding goodwill)1,6021,6171,6671,7211,7791,360
Deferred income tax assets163128 
Other noncurrent assets262249228188169211
Other undisclosed noncurrent assets 1,3839901,0381,9061,9921,651
Total noncurrent assets:7,1966,9186,8757,9457,7516,647
TOTAL ASSETS:10,75210,0159,48110,0069,7718,632
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,3451,0951,4401,3291,2781,277
Interest and dividends payable    22
Employee-related liabilities    35
Accounts payable1,3451,095875815851834
Accrued liabilities   31327622768
Other undisclosed accounts payable and accrued liabilities   252238200318
Debt  3910095
Other liabilities707553    
Other undisclosed current liabilities5249(39)(100)(9) 
Total current liabilities:2,1041,6971,4401,3291,2781,282
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,9922,9603,1262,9863,3622,405
Long-term debt, excluding current maturities2,9922,9603,1262,9863,3622,405
Finance lease, liability 103745919
Other undisclosed long-term debt and lease obligation (103)(183)(158)(157)  
Liabilities, other than long-term debt1,035914875610807741
Deferred tax liabilities, net14137
Deferred income tax liabilities388376332 
Liability, pension and other postretirement and postemployment benefits196234330410458481
Other liabilities299304213200208223
Operating lease, liability15210999138
Other undisclosed noncurrent liabilities  10999410  
Total noncurrent liabilities:4,0273,9834,1004,0064,1693,146
Total liabilities:6,1315,6805,5405,3355,4474,428
Temporary equity, carrying amount25     
Equity
Equity, attributable to parent4,5754,2963,9014,6314,2834,162
Common stock111111
Treasury stock, value(2,678)(1,922)(1,400)(1,130)(1,103)(911)
Additional paid in capital4,1394,0924,0594,0514,0284,011
Accumulated other comprehensive loss(681)(581)(588)(610)(656)(514)
Retained earnings3,7942,7061,8292,3192,0131,575
Equity, attributable to noncontrolling interest213940404142
Total equity:4,5964,3353,9414,6714,3244,204
TOTAL LIABILITIES AND EQUITY:10,75210,0159,48110,0069,7718,632

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
12/31/2017
Revenues9,7618,4987,0557,1607,0576,384
Revenue, net6,384
Cost of revenue
(Cost of Goods and Services Sold)
(7,145)(6,281)(5,445)(5,551)(5,425)(4,812)
Gross profit:2,6162,2171,6101,6091,6321,572
Operating expenses(902)(779)(1,748)(822)(825)(835)
Operating income (loss):1,7141,438(138)787807737
Nonoperating income (expense)
(loss, Foreign Currency Transaction, before Tax)
 (4)     
Interest and debt expense(109)(135)(132)(163)(117)(178)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 1014(34)14 
Income (loss) from continuing operations before equity method investments, income taxes:1,6011,313(256)590704559
Income (loss) from equity method investments1301 1(1) 
Other undisclosed loss from continuing operations before income taxes(117)     
Income (loss) from continuing operations before income taxes:1,6141,314(256)591703559
Income tax expense(373)(319)(129)(186)(156)(269)
Income (loss) from continuing operations:1,241995(385)405547290
Income (loss) before gain (loss) on sale of properties:995(385)405547290
Other undisclosed net income      
Net income (loss):1,241995(385)405547290
Net income (loss) attributable to noncontrolling interest  2 (2)(1)
Net income (loss) available to common stockholders, diluted:1,241995(383)405545289

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):1,241995(385)405547290
Other comprehensive income (loss)(103)7004(17)
Other undisclosed comprehensive income (loss)   2246(146)213
Comprehensive income (loss):1,1381,002(363)451405486
Comprehensive income (loss), net of tax, attributable to noncontrolling interest3 2 (2)(1)
Comprehensive income (loss), net of tax, attributable to parent:1,1411,002(361)451403485

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: