Rexnord Corporation (RXN) financial statements (2020 and earlier)

Company profile

Business Address 511 WEST FRESHWATER WAY
MILWAUKEE, WI 53204
State of Incorp. DE
Fiscal Year End March 31
SIC 356 - General Industrial Machinery And Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments277293218490485370339
Cash and cash equivalents277293218490485370339
Receivables294338392323318336368
Inventory, net of allowances, customer advances and progress billings349317345315327368360
Inventory349317345315327368360
Assets held-for-sale3 
Other current assets48364350475054
Total current assets:9699839981,1781,1761,1261,121
Noncurrent Assets
Nontrade receivables    32 
Property, plant and equipment373383456401397418441
Intangible assets, net (including goodwill)1,8041,8111,8541,8771,7151,7901,743
Goodwill1,3111,3001,2761,3181,1941,2021,151
Intangible assets, net (excluding goodwill)493512578559521588593
Other noncurrent assets1168311684354443
Other undisclosed noncurrent assets     3536
Total noncurrent assets:2,2932,2772,4262,3612,1792,2862,263
TOTAL ASSETS:3,2623,2603,4243,5393,3553,4133,384
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities229255296252255288303
Accounts payable178192226198201234241
Employee-related liabilities51647054545461
Debt11417202429
Other liabilities117137150127124127112
Other undisclosed current liabilities 354556
Total current liabilities:347397454400404445450
Noncurrent Liabilities
Long-term debt and lease obligation1,1471,2371,3521,6061,9001,9261,943
Long-term debt, excluding current maturities1,1471,2371,3521,6061,9001,9261,943
Liabilities, other than long-term debt399395405462431454393
Pension and other postretirement defined benefit plans, liabilities203148
Deferred tax liabilities, net126157209186184207
Deferred income tax liabilities130
Liability, pension and other postretirement and postemployment benefits151158169174196 
Other liabilities1181117979496738
Other undisclosed noncurrent liabilities    323536
Total noncurrent liabilities:1,5461,6321,7572,0682,3622,4152,372
Total liabilities:1,8932,0292,2112,4692,7672,8602,821
Stockholders' equity
Stockholders' equity attributable to parent1,3661,2291,2131,071589553562
Common stock1111111
Treasury stock, value     (6)(6)
Additional paid in capital1,3211,2941,2781,262856886873
Accumulated other comprehensive loss(104)(97)(74)(137)(139)(130)(24)
Retained earnings (accumulated deficit)148318(56)(130)(198)(281)
Stockholders' equity attributable to noncontrolling interest320 (1)(0)(0)
Total stockholders' equity:1,3681,2311,2131,071588553562
TOTAL LIABILITIES AND EQUITY:3,2623,2603,4243,5393,3553,4133,384

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

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Revenues2,0592,0512,0661,9181,9242,0502,082
Revenue, net2,0661,9181,9242,0502,082
Cost of revenue
(Cost of Goods and Services Sold)
(1,256)(1,266)(1,309)(1,250)(1,259)(1,304)(1,318)
Gross profit:803785757668665746764
Operating expenses(476)(479)(502)(487)(478)(501)(502)
Other undisclosed operating income (loss)  (108)3(13)(42)18
Operating income:328306147184174204280
Nonoperating income (expense)(6)(1)(3)(5)3(9)(11)
Foreign currency transaction gain (loss), before tax     (2)4
Other nonoperating income (expense)(6)(1)(3)(5)3(7)(15)
Interest and debt expense(61)(66)(88)(97)(91)(88)(242)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes     2(4)
Income from continuing operations before equity method investments, income taxes:26123957828610922
Income from equity method investments04     
Other undisclosed income from continuing operations before income taxes3      
Income from continuing operations before income taxes:26524257828610922
Income tax expense (benefit)(60)(53)20(8)(17)(17)7
Other undisclosed loss from continuing operations(3)      
Income before gain (loss) on sale of properties:2011897674699230
Other undisclosed net loss(2)(155)  (1)(8) 
Net income:199347674688430
Net income (loss) attributable to noncontrolling interest(0) (0) 0 1
Other undisclosed net loss attributable to parent(0)      
Net income attributable to parent:199347674688430
Preferred stock dividends and other adjustments(20)(23)(23)(7)   
Net income available to common stockholders, diluted:179115367688430

Comprehensive Income ($ in millions)

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Net income:199347674688430
Other comprehensive income (loss) (3)2(0)(0)  
Other undisclosed comprehensive income (loss)(7)(20)612(8)(106)15
Comprehensive income (loss):192121397659(23)45
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0) 0 (0) (1)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0) (0) 0 1
Comprehensive income (loss), net of tax, attributable to parent:192121397659(23)45

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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