Pentair plc. (PNR) financial statements (2021 and earlier)

Company profile

Business Address REGAL HOUSE, 70 LONDON ROAD
LONDON, TW13QS
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)

12/31/2020
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 investments 8374113239126110
Cash and cash equivalents 8374113239126110
Receivables(8)(10)(14)(23)(26)(104)(97)
Inventory, net of allowances, customer advances and progress billings4203773885815241,1741,130
Inventory4203773885815241,1741,130
Prepaid expense      110
Contract with customer, asset 4137
Disposal group, including discontinued operation    892 81
Other current assets1069989223253312367
Other undisclosed current assets4584724668547901,2711,193
Total current assets:9751,0621,0391,7492,6722,7812,894
Noncurrent Assets
Operating lease, right-of-use asset84 
Property, plant and equipment301  546539943950
Long-term investments and receivables      22
Long-term investments      22
Intangible assets, net (including goodwill)2,7182,5982,3495,9105,8497,7466,350
Goodwill2,3922,2582,0734,3514,2175,2554,742
Intangible assets, net (excluding goodwill)3263392761,5581,6322,4901,608
Regulated entity, other noncurrent assets   718  
Disposal group, including discontinued operation, noncurrent assets    2,293 25
Deferred costs23      
Other noncurrent assets 197146430182388436
Other undisclosed noncurrent assets97  (552)(556) (22)
Total noncurrent assets:3,2222,7942,4956,3398,3249,0767,761
Other undisclosed assets 283273546539  
TOTAL ASSETS:4,1974,1403,8078,63411,53511,85710,655
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3627498191,1991,1141,4861,781
Accounts payable245325379496437579583
Accrued liabilities 353328517512644776
Employee-related liabilities11771112187166263306
Interest and dividends payable      117
Debt     17
Deferred compensation liability      70
Disposal group, including discontinued operation    356 35
Billings in excess of cost   41
Other liabilities410     372
Other undisclosed current liabilities    1 (667)
Total current liabilities:7737498191,1991,4711,4871,640
Noncurrent Liabilities
Long-term debt and lease obligation8401,0297881,4414,2784,7092,997
Long-term debt, excluding current maturities8401,0297881,4414,2784,7092,997
Liabilities, other than long-term debt4793033649561,5311,6521,416
Accounts payable and accrued liabilities      62
Deferred tax liabilities, net106395610844528
Deferred income tax liabilities107 
Liability, pension and other postretirement and postemployment benefits1029690286253287322
Disposal group, including discontinued operation, liabilities    506 7
Other liabilities269207168275162521498
Other undisclosed noncurrent liabilities 104    (62)
Total noncurrent liabilities:1,3181,4371,1522,3975,8096,3624,352
Total liabilities:2,0912,1861,9703,5967,2807,8485,991
Stockholders' equity
Stockholders' equity attributable to parent, including:2,1051,9521,8345,0364,2534,0074,664
Treasury stock, value      (1,252)
Additional paid in capital1,6811,7781,8942,7982,9212,8604,250
Accumulated other comprehensive loss(207)(227)(229)(243)(736)(645)(380)
Retained earnings6314011692,4822,0681,7922,044
Other undisclosed stockholders' equity attributable to parent      2
Other undisclosed stockholders' equity222222 
Total stockholders' equity:2,1061,9541,8365,0384,2544,0094,664
TOTAL LIABILITIES AND EQUITY:4,1974,1403,8078,63411,53511,85710,655

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
Revenues3,0182,9572,9654,9374,8906,4497,043
Revenue, net4,9374,8906,4497,039
Cost of revenue
(Cost of Goods and Services Sold)
(1,960)(1,906)(1,917)(3,107)(3,096)(4,263)(4,576)
Other undisclosed gross profit      (4)
Gross profit:1,0581,0521,0481,8291,7942,1862,463
Operating expenses(596)(619)(611)(1,148)(1,093)(2,009)(1,835)
Other undisclosed operating income      223
Operating income:461433437681701177852
Nonoperating income (expense)(5)3 10864
Investment income, nonoperating   10864
Other nonoperating income (expense)(5)3     
Interest and debt expense (30)(50)(199)(148)(109)(72)
Income from continuing operations before equity method investments, income taxes:45640538749256175783
Income from equity method investments   1431
Other undisclosed income (loss) from continuing operations before income taxes(24)2(7)(4)(4)(3)(0)
Income from continuing operations before income taxes:43240838048956174784
Income tax expense(75)(46)(58)(9)(109)(139)(177)
Income (loss) from continuing operations:357362322480452(65)607
Income (loss) from discontinued operations2(6)26870(10)9
Income (loss) before gain (loss) on sale of properties:359356347488522(75)616
Other undisclosed net income (loss)   1791(2)(402)
Net income (loss) available to common stockholders, diluted:359356347667522(76)215

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):359356347667522(76)215
Other comprehensive income (loss)19  493(91)(265)(337)
Comprehensive income (loss):3783563471,159431(341)(122)
Other undisclosed comprehensive income, net of tax, attributable to parent 215    
Comprehensive income (loss), net of tax, attributable to parent:3783583621,159431(341)(122)

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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