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)

12/31/2019
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 investments331249140285253334466
Cash and cash equivalents331249140285253334466
Receivables461552506462462448464
Inventory, net of allowances, customer advances and progress billings678767757661775692619
Inventory678767757661775692619
Prepaid expense and other current assets131
Deferred tax assets    6747
Other undisclosed current assets137250171125145112 
Total current assets:1,6081,8181,5741,5321,6351,6521,726
Noncurrent Assets
Operating lease, right-of-use asset71
Property, plant and equipment605616623628679532573
Intangible assets, net (including goodwill)2,0691,5091,4771,4531,4661,2061,326
Goodwill1,5011,5091,4771,4531,4661,0041,082
Intangible assets, net (excluding goodwill)567    202244
Deferred income tax assets58
Other noncurrent assets202215121618 
Prepaid expense and other noncurrent assets18
Other undisclosed noncurrent assets 660699734796  
Total noncurrent assets:2,8232,8062,8142,8272,9571,7561,918
TOTAL ASSETS:4,4314,6244,3884,3594,5923,4083,644
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities535655603552562523390
Accounts payable337425384334336312305
Accrued liabilities118136133137135126 
Employee-related liabilities67827470817686
Interest and dividends payable121212111010 
Debt22110110168158
Derivative instruments and hedges, liabilities311849453011
Disposal group, including discontinued operation 7     
Other undisclosed current liabilities 10    141
Total current liabilities:561684712702613561701
Noncurrent Liabilities
Long-term debt and lease obligation1,1881,3071,0401,3111,716625609
Long-term debt, excluding current maturities1,1371,3071,0401,3111,716625609
Operating lease, liability51
Liabilities, other than long-term debt302147146268281242231
Pension and other postretirement defined benefit plans, liabilities40
Deferred tax liabilities, net  98101116140
Deferred income tax liabilities172
Liability, pension and other postretirement and postemployment benefits819610110710665
Other liabilities48504446463834
Derivative instruments and hedges, liabilities11118282317
Other undisclosed noncurrent liabilities 148135    
Total noncurrent liabilities:1,4901,6021,3221,5791,996867840
Total liabilities:2,0502,2852,0342,2802,6091,4281,541
Stockholders' equity
Stockholders' equity attributable to parent2,3512,3112,3262,0391,9371,9342,056
Common stock0000001
Additional paid in capital702784878905901896916
Accumulated other comprehensive loss(238)(251)(164)(318)(255)(151)(60)
Retained earnings1,8871,7781,6121,4521,2911,1891,199
Stockholders' equity attributable to noncontrolling interest29282939464546
Total stockholders' equity:2,3802,3392,3552,0781,9831,9792,102
TOTAL LIABILITIES AND EQUITY:4,4314,6244,3884,3594,5923,4083,644

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
Revenues3,2383,6463,3603,2253,5103,2573,096
Revenue, net3,3603,2253,5103,2573,096
Cost of revenue
(Cost of Goods and Services Sold)
(2,377)(2,681)(2,476)(2,359)(2,577)(2,460)(2,313)
Gross profit:861965884865933797783
Operating expenses (599)(554)(545)(601)(516)(494)
Other undisclosed operating loss(510)(18)  (80)(160)(81)
Operating income:351347330321253122208
Nonoperating income (expense)60354(3)5
Investment income, nonoperating6235485
Foreign currency transaction loss, before tax     (10) 
Other nonoperating income (expense)0(2)     
Interest and debt expense(53)(55)(56)(59)(60)(39)(42)
Other undisclosed income from continuing operations before equity method investments, income taxes     10 
Income from continuing operations before income taxes:30429227726619790171
Income tax expense(61)(56)(59)(57)(48)(54)(45)
Net income:24323621820914936126
Net loss attributable to noncontrolling interest(4)(5)(5)(6)(5)(5)(6)
Net income available to common stockholders, diluted:23923121320314331120

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:24323621820914936126
Other comprehensive income (loss)13(86)156(62)(107)(94)4
Comprehensive income (loss):25615037414742(58)130
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(3)(3)(7)(4)(2)(2)6
Other undisclosed comprehensive loss, net of tax, attributable to parent      (12)
Comprehensive income (loss), net of tax, attributable to parent:25314736714339(60)124

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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