Regal Beloit Corporation (RBC) financial statements (2021 and earlier)

Company profile

Business Address 200 STATE ST
BELOIT, WI 53511
State of Incorp. WI
Fiscal Year End December 31
SIC 3621 - Motors and Generators (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 investments611331249140285253334
Cash and cash equivalents611331249140285253334
Receivables432461552506462462448
Inventory, net of allowances, customer advances and progress billings690678767757661775692
Inventory690678767757661775692
Assets held-for-sale, not part of disposal group9     
Deferred tax assets    67
Other undisclosed current assets109137250171125145112
Total current assets:1,8511,6081,8181,5741,5321,6351,652
Noncurrent Assets
Operating lease, right-of-use asset7371
Property, plant and equipment 605616623628679532
Intangible assets, net (including goodwill)2,0492,0691,5091,4771,4531,4661,206
Goodwill1,5181,5011,5091,4771,4531,4661,004
Intangible assets, net (excluding goodwill)530567    202
Regulated entity, other noncurrent assets3      
Deferred income tax assets4458
Other noncurrent assets16202215121618
Other undisclosed noncurrent assets552 660699734796 
Total noncurrent assets:2,7382,8232,8062,8142,8272,9571,756
TOTAL ASSETS:4,5894,4314,6244,3884,3594,5923,408
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities569535655603552562523
Accounts payable360337425384334336312
Accrued liabilities121118136133137135126
Employee-related liabilities77678274708176
Interest and dividends payable12121212111010
Debt23122110110168
Derivative instruments and hedges, liabilities 3118494530
Disposal group, including discontinued operation  7    
Other undisclosed current liabilities22 10    
Total current liabilities:822561684712702613561
Noncurrent Liabilities
Long-term debt and lease obligation8961,1881,3071,0401,3111,716625
Long-term debt, excluding current maturities8401,1371,3071,0401,3111,716625
Operating lease, liability5551
Liabilities, other than long-term debt295302147146268281242
Deferred tax liabilities, net  98101116
Deferred income tax liabilities172172
Liability, pension and other postretirement and postemployment benefits70819610110710665
Other liabilities53485044464638
Derivative instruments and hedges, liabilities 111182823
Other undisclosed noncurrent liabilities  148135   
Total noncurrent liabilities:1,1901,4901,6021,3221,5791,996867
Total liabilities:2,0122,0502,2852,0342,2802,6091,428
Stockholders' equity
Stockholders' equity attributable to parent2,5442,3512,3112,3262,0391,9371,934
Common stock0000000
Additional paid in capital697702784878905901896
Accumulated other comprehensive loss(163)(238)(251)(164)(318)(255)(151)
Retained earnings2,0111,8871,7781,6121,4521,2911,189
Stockholders' equity attributable to noncontrolling interest33292829394645
Total stockholders' equity:2,5772,3802,3392,3552,0781,9831,979
TOTAL LIABILITIES AND EQUITY:4,5894,4314,6244,3884,3594,5923,408

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
Revenues2,9073,2383,6463,3603,2253,5103,257
Revenue, net3,3603,2253,5103,257
Cost of revenue
(Cost of Goods and Services Sold)
(2,098)(2,377)(2,681)(2,476)(2,359)(2,577)(2,460)
Gross profit:809861965884865933797
Operating expenses  (599)(554)(545)(601)(516)
Other undisclosed operating loss(529)(510)(18)  (80)(160)
Operating income:280351347330321253122
Nonoperating income (expense)1060354(3)
Investment income, nonoperating6623548
Foreign currency transaction loss, before tax      (10)
Other nonoperating income (expense)40(2)    
Interest and debt expense(40)(53)(55)(56)(59)(60)(39)
Other undisclosed income from continuing operations before equity method investments, income taxes      10
Income from continuing operations before income taxes:25130429227726619790
Income tax expense(57)(61)(56)(59)(57)(48)(54)
Net income:19424323621820914936
Net loss attributable to noncontrolling interest(5)(4)(5)(5)(6)(5)(5)
Net income available to common stockholders, diluted:18923923121320314331

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:19424323621820914936
Other comprehensive income (loss)7613(86)156(62)(107)(94)
Comprehensive income (loss):27025615037414742(58)
Comprehensive loss, net of tax, attributable to noncontrolling interest(6)(3)(3)(7)(4)(2)(2)
Comprehensive income (loss), net of tax, attributable to parent:26425314736714339(60)

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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