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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments717172782461129667
Cash and cash equivalents717172782461129667
Receivables919770794806678709674
Inventory, net of allowances, customer advances and progress billings8551,0331,072841710644817
Inventory8551,0331,072841710644817
Disposal group, including discontinued operation  312121216
Other current assets1158673807477233
Total current assets:2,6062,0612,0201,9851,5861,5381,807
Noncurrent Assets
Finance lease, right-of-use asset7321
Operating lease, right-of-use asset154203
Property, plant and equipment3,8093,8553,8113,4253,1122,9562,899
Long-term investments and receivables5151     
Long-term investments5151     
Intangible assets, net (including goodwill)1,4941,7211,7791,3601,1389991,017
Goodwill(173)      
Intangible assets, net (excluding goodwill)1,6671,7211,7791,3601,1389991,017
Deferred income tax assets28 
Other noncurrent assets228188169211194228220
Other undisclosed noncurrent assets1,0381,9061,9921,6511,7111,6591,612
Total noncurrent assets:6,8757,9457,7516,6476,1555,8425,748
TOTAL ASSETS:9,48110,0069,7718,6327,7417,3807,555
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,4401,3291,2781,277960948949
Accounts payable875815851834615535542
Accrued liabilities313276227685668100
Employee-related liabilities   35363838
Interest and dividends payable   221179
Other undisclosed accounts payable and accrued liabilities252238200318242300260
Debt3910095316934
Other undisclosed current liabilities(39)(100)(9)    
Total current liabilities:1,4401,3291,2781,2829631,117983
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,1262,9863,3622,4052,0991,7021,991
Long-term debt, excluding current maturities3,1262,9863,3622,4052,0991,7021,991
Finance lease, liability5919
Operating lease, liability99138
Other undisclosed long-term debt and lease obligation(158)(157)     
Liabilities, other than long-term debt875610807741788782851
Deferred tax liabilities, net1413736822
Deferred income tax liabilities332 
Liability, pension and other postretirement and postemployment benefits330410458481588637699
Other liabilities213200208223164137130
Other undisclosed noncurrent liabilities99410     
Total noncurrent liabilities:4,1004,0064,1693,1462,8872,4842,842
Total liabilities:5,5405,3355,4474,4283,8503,6013,825
Temporary equity, carrying amount    2  
Stockholders' equity
Stockholders' equity attributable to parent3,9014,6314,2834,1623,8493,7393,692
Common stock1111111
Treasury stock, value(1,400)(1,130)(1,103)(911)(803)(612)(518)
Additional paid in capital4,0594,0514,0284,0113,9843,9653,954
Accumulated other comprehensive loss(588)(610)(656)(514)(710)(670)(550)
Retained earnings1,8292,3192,0131,5751,3771,055805
Stockholders' equity attributable to noncontrolling interest40404142404038
Total stockholders' equity:3,9414,6714,3244,2043,8893,7793,730
TOTAL LIABILITIES AND EQUITY:9,48110,0069,7718,6327,7417,3807,555

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues7,0557,1607,0576,3845,6775,3505,276
Revenue, net6,3845,6775,3505,276
Cost of revenue
(Cost of Goods and Services Sold)
(5,445)(5,551)(5,425)(4,812)(4,296)(4,197)(4,300)
Gross profit:1,6101,6091,6321,5721,3811,153976
Operating expenses(1,748)(822)(825)(835)(682)(605)(584)
Operating income (loss):(138)787807737699548392
Nonoperating income (expense)
(Foreign Currency Transaction loss, before Tax)
      (4)
Interest and debt expense(132)(163)(117)(178)(109)(95)(160)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes14(34)14   4
Income (loss) from continuing operations before equity method investments, income taxes:(256)590704559590453232
Income (loss) from equity method investments 1(1) (3)  
Income (loss) from continuing operations before income taxes:(256)591703559587453232
Income tax expense(129)(186)(156)(269)(188)(120)(5)
Income (loss) before gain (loss) on sale of properties:(385)405547290399333227
Other undisclosed net income     11
Net income (loss):(385)405547290399334228
Net income (loss) attributable to noncontrolling interest2 (2)(1)(6)(4)(2)
Net income (loss) available to common stockholders, diluted:(383)405545289393330226

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(385)405547290399334228
Other comprehensive income (loss)004(17)56(253)
Other undisclosed comprehensive income (loss)2246(146)213(45)(126) 
Comprehensive income (loss):(363)451405486359214(25)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest2 (2)(1)(6)(4)(2)
Comprehensive income (loss), net of tax, attributable to parent:(361)451403485353210(27)

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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