Owens Corning Inc (OC) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9597171727824611296
Cash and cash equivalents9597171727824611296
Receivables939919770794806678709
Inventory, net of allowances, customer advances and progress billings1,0788551,0331,072841710644
Inventory1,0788551,0331,072841710644
Disposal group, including discontinued operation   3121212
Other current assets1211158673807477
Total current assets:3,0972,6062,0612,0201,9851,5861,538
Noncurrent Assets
Finance lease, right-of-use asset 7321
Operating lease, right-of-use asset158154203
Property, plant and equipment3,8733,8093,8553,8113,4253,1122,956
Long-term investments and receivables 5151    
Long-term investments 5151    
Intangible assets, net (including goodwill)1,6171,4941,7211,7791,3601,138999
Goodwill (173)     
Intangible assets, net (excluding goodwill)1,6171,6671,7211,7791,3601,138999
Deferred income tax assets3128 
Other noncurrent assets249228188169211194228
Other undisclosed noncurrent assets9901,0381,9061,9921,6511,7111,659
Total noncurrent assets:6,9186,8757,9457,7516,6476,1555,842
TOTAL ASSETS:10,0159,48110,0069,7718,6327,7417,380
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,0951,4401,3291,2781,277960948
Accounts payable1,095875815851834615535
Accrued liabilities 313276227685668
Employee-related liabilities    353638
Interest and dividends payable    22117
Other undisclosed accounts payable and accrued liabilities 252238200318242300
Debt 39100953169
Other liabilities553      
Other undisclosed current liabilities49(39)(100)(9)   
Total current liabilities:1,6971,4401,3291,2781,2829631,117
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,9603,1262,9863,3622,4052,0991,702
Long-term debt, excluding current maturities2,9603,1262,9863,3622,4052,0991,702
Finance lease, liability745919
Operating lease, liability10999138
Other undisclosed long-term debt and lease obligation(183)(158)(157)    
Liabilities, other than long-term debt914875610807741788782
Deferred tax liabilities, net14137368
Deferred income tax liabilities376332 
Liability, pension and other postretirement and postemployment benefits234330410458481588637
Other liabilities304213200208223164137
Other undisclosed noncurrent liabilities10999410    
Total noncurrent liabilities:3,9834,1004,0064,1693,1462,8872,484
Total liabilities:5,6805,5405,3355,4474,4283,8503,601
Temporary equity, carrying amount     2 
Stockholders' equity
Stockholders' equity attributable to parent4,2963,9014,6314,2834,1623,8493,739
Common stock1111111
Treasury stock, value(1,922)(1,400)(1,130)(1,103)(911)(803)(612)
Additional paid in capital4,0924,0594,0514,0284,0113,9843,965
Accumulated other comprehensive loss(581)(588)(610)(656)(514)(710)(670)
Retained earnings2,7061,8292,3192,0131,5751,3771,055
Stockholders' equity attributable to noncontrolling interest39404041424040
Total stockholders' equity:4,3353,9414,6714,3244,2043,8893,779
TOTAL LIABILITIES AND EQUITY:10,0159,48110,0069,7718,6327,7417,380

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues8,4987,0557,1607,0576,3845,6775,350
Revenue, net6,3845,6775,350
Cost of revenue
(Cost of Goods and Services Sold)
(6,281)(5,445)(5,551)(5,425)(4,812)(4,296)(4,197)
Gross profit:2,2171,6101,6091,6321,5721,3811,153
Operating expenses(779)(1,748)(822)(825)(835)(682)(605)
Operating income (loss):1,438(138)787807737699548
Interest and debt expense(135)(132)(163)(117)(178)(109)(95)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes1014(34)14   
Income (loss) from continuing operations before equity method investments, income taxes:1,313(256)590704559590453
Income (loss) from equity method investments1 1(1) (3) 
Income (loss) from continuing operations before income taxes:1,314(256)591703559587453
Income tax expense(319)(129)(186)(156)(269)(188)(120)
Income (loss) before gain (loss) on sale of properties:995(385)405547290399333
Other undisclosed net income      1
Net income (loss):995(385)405547290399334
Net income (loss) attributable to noncontrolling interest 2 (2)(1)(6)(4)
Net income (loss) available to common stockholders, diluted:995(383)405545289393330

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):995(385)405547290399334
Other comprehensive income (loss)7004(17)56
Other undisclosed comprehensive income (loss) 2246(146)213(45)(126)
Comprehensive income (loss):1,002(363)451405486359214
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 2 (2)(1)(6)(4)
Comprehensive income (loss), net of tax, attributable to parent:1,002(361)451403485353210

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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