RBC Bearings Incorporated (ROLL) financial statements (2022 and earlier)

Company profile

Business Address ONE TRIBOLOGY CENTER
OXFORD, CT 06478
State of Incorp.
Fiscal Year End March 31
SIC 3562 - Ball and Roller Bearings (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments25624110330543939
Cash and cash equivalents25615110330543939
Short-term investments 90     
Receivables200110129131117110102
Inventory, net of allowances, customer advances and progress billings510364367335306290281
Inventory510364367335306290281
Contract with customer, asset  32
Derivative instruments and hedges, assets46     
Other undisclosed current assets1771066107
Total current assets:987728612503484448429
Noncurrent Assets
Operating lease, right-of-use asset433629
Property, plant and equipment396208220208193184185
Intangible assets, net (including goodwill)3,412432441417452465475
Goodwill1,887278278261268268267
Intangible assets, net (excluding goodwill)1,525154163156184197207
Other noncurrent assets37302119151210
Total noncurrent assets:3,888706710644659661670
TOTAL ASSETS:4,8751,4341,3221,1471,1431,1091,099
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities178395552473738
Accounts payable140365150453436
Accrued liabilities37      
Employee-related liabilities 343232
Deferred revenue141711
Debt643120191410
Deferred revenue and credits14188
Contract with customer, liability10
Other undisclosed current liabilities88292627252432
Total current liabilities:34388104901059388
Noncurrent Liabilities
Long-term debt and lease obligation1,762434043154256353
Long-term debt, excluding current maturities1,727131743154256353
Operating lease, liability353023
Liabilities, other than long-term debt, including:435001123
Accounts payable and accrued liabilities 19  20  
Deferred revenue 42
Contract with customer, liability1
Deferred compensation liability, classified 25  14  
Deferred tax liabilities, net712123
Deferred income tax liabilities30817 
Liability, pension and other postretirement and postemployment benefits 8  2  
Other liabilities127554439373133
Other undisclosed liabilities, other than long-term debt (128)(46)(45)(84)(41)(33)
Other undisclosed noncurrent liabilities 736044484133
Total noncurrent liabilities:2,19711610089203299389
Total liabilities:2,540204204179308392478
Stockholders' equity
Stockholders' equity attributable to parent2,3351,2301,118969835717621
Preferred stock0      
Common stock0000000
Treasury stock, value(71)(64)(57)(45)(40)(35)(30)
Additional paid in capital1,532445412379339312279
Accumulated other comprehensive loss(11)(10)(7)(7)(2)(10)(7)
Retained earnings885859769642537449378
Total stockholders' equity:2,3351,2301,118969835717621
TOTAL LIABILITIES AND EQUITY:4,8751,4341,3221,1471,1431,1091,099

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

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Revenues651609727703675615597
Revenue, net675615597
Cost of revenue
(Cost of Goods and Services Sold)
(410)(375)(438)(426)(417)(386)(379)
Gross profit:241234289277258230219
Operating expenses(171)(123)(132)(145)(130)(116)(115)
Operating income:70111157132128114104
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(0)0(1)(1)(1)(0)(0)
Interest and debt expense(28)(1)(2)(5)(8)(9)(9)
Income from continuing operations before income taxes:4311015412612010595
Income tax expense(12)(20)(28)(21)(33)(34)(31)
Net income attributable to parent:3090126105877164
Other undisclosed net loss available to common stockholders, basic(6)      
Net income available to common stockholders, diluted:2490126105877164

Comprehensive Income ($ in millions)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Net income:3090126105877164
Other comprehensive income (loss)(6)(5)(2)(5)8(3)1
Comprehensive income:2484124100956865
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1)24    
Comprehensive income, net of tax, attributable to parent:2386128100956865

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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