Pentair plc. (PNR) financial statements (2020 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)

12/31/2019
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 investments8374113239126110265
Cash and cash equivalents8374113239126110265
Receivables(10)(14)(23)(26)(104)(97)(115)
Inventory, net of allowances, customer advances and progress billings3773885815241,1741,1301,243
Inventory3773885815241,1741,1301,243
Prepaid expense     110 
Contract with customer, asset4137
Disposal group, including discontinued operation   892 81 
Prepaid expense and other current assets493
Other current assets9989223253312367 
Other undisclosed current assets4724668547901,2711,1931,346
Total current assets:1,0621,0391,7492,6722,7812,8943,232
Noncurrent Assets
Property, plant and equipment  5465399439501,170
Long-term investments and receivables     2221
Long-term investments     2221
Intangible assets, net (including goodwill)2,5982,3495,9105,8497,7466,3506,910
Goodwill2,2582,0734,3514,2175,2554,7425,134
Intangible assets, net (excluding goodwill)3392761,5581,6322,4901,6081,776
Regulated entity, other noncurrent assets  718   
Disposal group, including discontinued operation, noncurrent assets   2,293 25
Other noncurrent assets197146430182388436 
Prepaid expense and other noncurrent assets431
Other undisclosed noncurrent assets  (552)(556) (22)(21)
Total noncurrent assets:2,7942,4956,3398,3249,0767,7618,511
Other undisclosed assets283273546539   
TOTAL ASSETS:4,1403,8078,63411,53511,85710,65511,743
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7498191,1991,1141,4861,781944
Accounts payable325379496437579583597
Accrued liabilities353328517512644776 
Employee-related liabilities71112187166263306347
Interest and dividends payable     117 
Debt    173
Deferred compensation liability     7053
Disposal group, including discontinued operation   356 35 
Billings in excess of cost   4138
Other liabilities     372378
Other undisclosed current liabilities   1 (667)194
Total current liabilities:7498191,1991,4711,4871,6401,610
Noncurrent Liabilities
Long-term debt and lease obligation1,0297881,4414,2784,7092,9972,553
Long-term debt, excluding current maturities1,0297881,4414,2784,7092,9972,553
Liabilities, other than long-term debt3033649561,5311,6521,4161,412
Pension and other postretirement defined benefit plans, liabilities325
Accounts payable and accrued liabilities     62 
Accrued income taxes49
Deferred tax liabilities, net106395610844528581
Liability, pension and other postretirement and postemployment benefits9690286253287322
Disposal group, including discontinued operation, liabilities   506 7 
Other liabilities207168275162521498457
Other undisclosed noncurrent liabilities104    (62)(49)
Total noncurrent liabilities:1,4371,1522,3975,8096,3624,3523,915
Total liabilities:2,1861,9703,5967,2807,8485,9915,526
Stockholders' equity
Stockholders' equity attributable to parent, including:1,9521,8345,0364,2534,0074,6646,095
Treasury stock, value     (1,252)(875)
Additional paid in capital1,7781,8942,7982,9212,8604,2505,071
Accumulated other comprehensive loss(227)(229)(243)(736)(645)(380)(44)
Retained earnings4011692,4822,0681,7922,0441,829
Other undisclosed stockholders' equity attributable to parent     2114
Stockholders' equity attributable to noncontrolling interest      122
Other undisclosed stockholders' equity22222  
Total stockholders' equity:1,9541,8365,0384,2544,0094,6646,218
TOTAL LIABILITIES AND EQUITY:4,1403,8078,63411,53511,85710,65511,743

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
Revenues2,9572,9654,9374,8906,4497,0437,487
Revenue, net4,9374,8906,4497,0397,480
Cost of revenue
(Cost of Goods and Services Sold)
(1,906)(1,917)(3,107)(3,096)(4,263)(4,576)(5,007)
Other undisclosed gross profit     (4)(8)
Gross profit:1,0521,0481,8291,7942,1862,4632,473
Operating expenses(619)(611)(1,148)(1,093)(2,009)(1,835)(1,942)
Other undisclosed operating income     223243
Operating income:433437681701177852774
Nonoperating income3 108648
Investment income, nonoperating  108648
Other nonoperating income3      
Interest and debt expense(30)(50)(199)(148)(109)(72)(77)
Income from continuing operations before equity method investments, income taxes:40538749256175783705
Income from equity method investments  14312
Other undisclosed income (loss) from continuing operations before income taxes2(7)(4)(4)(3)(0)20
Income from continuing operations before income taxes:40838048956174784726
Income tax expense(46)(58)(9)(109)(139)(177)(184)
Income (loss) from continuing operations:362322480452(65)607543
Income (loss) from discontinued operations(6)26870(10)9 
Income (loss) before gain (loss) on sale of properties:356347488522(75)616543
Other undisclosed net income (loss)  1791(2)(402) 
Net income (loss):356347667522(76)215543
Net loss attributable to noncontrolling interest      (6)
Net income (loss) available to common stockholders, diluted:356347667522(76)215537

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 (loss):356347667522(76)215543
Other comprehensive income (loss)  493(91)(265)(337)(30)
Comprehensive income (loss):3563471,159431(341)(122)513
Comprehensive income, net of tax, attributable to noncontrolling interest      8
Other undisclosed comprehensive income (loss), net of tax, attributable to parent215    (16)
Comprehensive income (loss), net of tax, attributable to parent:3583621,159431(341)(122)505

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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