AVINTIV SPECIALTY MATERIALS INC. (POLGA) financial statements (2020 and earlier)

Company profile

Business Address 9335 HARRIS CORNERS PARKWAY
CHARLOTTE, NC 28269
State of Incorp. DE
Fiscal Year End December 31
SIC 2221 - Broadwoven Fabric Mills, Manmade Fiber and Silk (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1788698
Cash and cash equivalents1788698
Receivables248195132
Inventory, net of allowances, customer advances and progress billings17415695
Inventory17415695
Prepaid expense and other current assets33
Other current assets8959
Other undisclosed current assets1724
Total current assets:706499362
Noncurrent Assets
Property, plant and equipment870623479
Intangible assets, net (including goodwill)399288156
Goodwill22112081
Intangible assets, net (excluding goodwill)17916876
Other noncurrent assets4126
Prepaid expense and other noncurrent assets24
Other undisclosed noncurrent assets1831
Total noncurrent assets:1,329940660
TOTAL ASSETS:2,0351,4391,022
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:321308197
Employee-related liabilities423422
Taxes payable1044
Other undisclosed accounts payable and accrued liabilities269270171
Debt501620
Deferred tax liabilities1020
Other undisclosed current liabilities1044
Total current liabilities:391329222
Noncurrent Liabilities
Long-term debt and lease obligation1,433880579
Long-term debt, excluding current maturities1,433880579
Liabilities, other than long-term debt1038382
Deferred tax liabilities, net362133
Other liabilities676249
Other undisclosed noncurrent liabilities42  
Total noncurrent liabilities:1,579963661
Total liabilities:1,9701,292883
Temporary equity, carrying amount89  
Stockholders' equity
Stockholders' equity attributable to parent(24)146139
Additional paid in capital277294256
Accumulated other comprehensive loss(59)(8)(15)
Accumulated deficit(242)(140)(102)
Stockholders' equity attributable to noncontrolling interest11 
Total stockholders' equity:(24)146139
TOTAL LIABILITIES AND EQUITY:2,0351,4391,022

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

12/31/2014
12/31/2013
12/31/2012
Revenues1,860  
Revenue, net1,860  
Cost of revenue
(Cost of Goods and Services Sold)
(1,526)  
Gross profit:334  
Operating expenses(291)  
Other undisclosed operating loss(24)  
Operating income:18  
Nonoperating expense(33)  
Foreign currency transaction loss, before tax(5)  
Other nonoperating expense(27)  
Interest and debt expense(96)  
Other undisclosed loss from continuing operations before equity method investments, income taxes(10)  
Loss from continuing operations before income taxes:(121)  
Income tax benefit2  
Net loss:(119)  
Net income attributable to noncontrolling interest4  
Net loss available to common stockholders, diluted:(115)  

Comprehensive Income ($ in millions)

12/31/2014
12/31/2013
12/31/2012
Net loss:(119)  
Other comprehensive loss(60)  
Comprehensive loss:(180)  
Comprehensive loss, net of tax, attributable to noncontrolling interest(13)  
Other undisclosed comprehensive income, net of tax, attributable to parent27  
Comprehensive loss, net of tax, attributable to parent:(166)  

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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