Powell Industries, Inc. (POWL) financial statements (2020 and earlier)

Company profile

Business Address 8550 MOSLEY DR
HOUSTON, TX 77075
State of Incorp. NV
Fiscal Year End September 30
SIC 3613 - Switchgear and Switchboard Apparatus (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12112550959844103
Cash and cash equivalents12111937689844103
Short-term investments 61327   
Restricted cash and investments  1915   
Receivables10111299621031,287870
Inventory, net of allowances, customer advances and progress billings32292118273333
Inventory32292118273333
Prepaid expense5444556
Contract with customer, asset6055 
Income taxes receivable3
Costs in excess of billings  10596
Other current assets2310244
Other undisclosed current assets  835570(1,180)(757)
Total current assets:321329277250304297357
Noncurrent Assets
Operating lease, right-of-use asset6 
Nontrade receivables     2 
Property, plant and equipment121121129139145155157
Intangible assets, net (including goodwill), including:1122223
Goodwill 111  1
Intangible assets, net (excluding goodwill)     12
Other undisclosed intangible assets, net (including goodwill)101121 
Restricted cash and investments  610   
Deferred costs     5 
Deferred income tax assets55
Other noncurrent assets1212111411108
Other undisclosed noncurrent assets  60 (3)16
Total noncurrent assets:145139153165158172184
TOTAL ASSETS:466467430415463469541
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities69866659728096
Accounts payable45514133354870
Accrued liabilities1314391312 
Employee-related liabilities10202215231925
Taxes payable1111111
Deferred revenue7871
Debt0000000
Deferred revenue and credits1222
Billings in excess of cost264442 
Other liabilities  8    
Other undisclosed current liabilities2 43   60
Total current liabilities:15015811886118125158
Noncurrent Liabilities
Long-term debt and lease obligation, including:0112223
Long-term debt, excluding current maturities01122  
Operating lease, liability5 
Other undisclosed long-term debt and lease obligation(5)    23
Liabilities, other than long-term debt101097789
Deferred revenue and credits 135
Deferred compensation liability, classified7665554
Deferred tax liabilities, net  0  
Other liabilities3331111
Other undisclosed noncurrent liabilities5      
Total noncurrent liabilities:151010891112
Total liabilities:16516812894127136170
Stockholders' equity
Stockholders' equity attributable to parent, including:302299302321335333371
Treasury stock, value(25)(25)(25)(25)(25)(21) 
Additional paid in capital60595754524946
Accumulated other comprehensive loss(22)(25)(22)(19)(24)(22)(7)
Retained earnings289289292311332328331
Other undisclosed stockholders' equity attributable to parent0000000
Total stockholders' equity:302299302321335333371
TOTAL LIABILITIES AND EQUITY:466467430415463469541

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

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
Revenues542517449396565662648
Revenue, net396565662648
Cost of revenue
(Cost of Goods and Services Sold)
(448)(430)(383)(345)(459)(554)(522)
Gross profit:94876551106108125
Operating expenses(77)(76)(74)(70)(90)(86)(96)
Other undisclosed operating loss     (2) 
Operating income (loss):1811(9)(19)162129
Nonoperating income1123220
Investment income, nonoperating1111000
Other nonoperating income  1222 
Interest and debt expense(0)(0)(0)(0)(0)(0)(0)
Income (loss) from continuing operations before equity method investments, income taxes:1912(8)(17)182329
Other undisclosed income from continuing operations before income taxes      2
Income (loss) from continuing operations before income taxes:1912(8)(17)182331
Income tax expense (benefit)(3)(2)17(2)(14)(11)
Income (loss) from continuing operations:1510(7)(9)16920
Income from discontinued operations      10
Net income (loss) available to common stockholders, diluted:1510(7)(9)16929

Comprehensive Income ($ in millions)

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
Net income (loss):1510(7)(9)16929
Other comprehensive income (loss) (0)(0)(0)0(0) 
Other undisclosed comprehensive loss(0)      
Comprehensive income (loss):1510(7)(10)16929
Other undisclosed comprehensive income (loss), net of tax, attributable to parent4(3)(3)5(2)(16)(4)
Comprehensive income (loss), net of tax, attributable to parent:197(10)(4)14(6)25

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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