SPX Corporation (SPXC) financial statements (2022 and earlier)

Company profile

Business Address 6325 ARDREY KELL ROAD
CHARLOTTE, NC 28277
State of Incorp. DE
Fiscal Year End December 31
SIC 354 - Metalworking Machinery And Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments388685569124100101
Cash and cash equivalents388685569124100101
Receivables223272266269268252367
Inventory, net of allowances, customer advances and progress billings190162155129143146171
Inventory190162155129143146171
Contract with customer, asset29816391
Disposal group, including discontinued operation 0     
Other current assets73999341983136
Other undisclosed current assets      107
Total current assets:903683632598633528782
Noncurrent Assets
Property, plant and equipment308504483184187196220
Intangible assets, net (including goodwill)873805701593464458497
Goodwill457500449394346340343
Intangible assets, net (excluding goodwill)416305252198118118154
Disposal group, including discontinued operation, noncurrent assets 0     
Deferred income tax assets11416
Other noncurrent assets676616606658707681632
Deferred tax assets, net   51
Other undisclosed noncurrent assets(143)(314)(304)245151 
Total noncurrent assets:1,7251,6151,5021,4591,4081,3851,399
TOTAL ASSETS:2,6292,2982,1352,0582,0401,9132,181
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities380373364341454444582
Accounts payable120139142154160138177
Accrued liabilities218234220184293304404
Taxes payable42024122
Deferred revenue45104101
Debt151081445083331
Disposal group, including discontinued operation 1     
Contract with customer, liability80
Other undisclosed current liabilities      41
Total current liabilities:440585609470461476655
Noncurrent Liabilities
Long-term debt and lease obligation, including:231304250332349324343
Finance lease, liability122
Operating lease, liability32 18
Other undisclosed long-term debt and lease obligation199302231332349324343
Liabilities, other than long-term debt817756773817906899840
Accounts payable and accrued liabilities23 23 202019
Deferred revenue6 3
Other liabilities789756747817886879820
Other undisclosed noncurrent liabilities3824123102236
Total noncurrent liabilities:1,0861,0841,0241,1721,2651,2451,218
Total liabilities:1,5261,6691,6321,6431,7261,7211,873
Stockholders' equity
Stockholders' equity attributable to parent, including:1,103629502415315192345
Treasury stock, value(444)(452)(460)(476)(503)(520)(3,486)
Additional paid in capital1,3341,3201,3021,2951,3101,3082,650
Accumulated other comprehensive income264249244245250235283
Retained earnings (accumulated deficit)(52)(488)(585)(650)(742)(832)898
Other undisclosed stockholders' equity attributable to parent1111111
Stockholders' equity attributable to noncontrolling interest      (37)
Total stockholders' equity:1,103629502415315192308
TOTAL LIABILITIES AND EQUITY:2,6292,2982,1352,0582,0401,9132,181

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,2201,5601,5251,5391,4261,4721,719
Revenue, net1,4261,4721,719
Cost of revenue
(Cost of Goods and Services Sold)
(788)(1,081)(1,084)(1,128)(1,096)(1,097)(1,427)
Gross profit:432479441411330376292
Operating expenses(337)(336)(322)(303)(285)(336)(447)
Other operating income (expense), net(20)(9)2    
Other undisclosed operating income (loss)(1)(2)(13)(1)1015(15)
Operating income (loss):741321081085555(170)
Nonoperating income (expense)103(3)(6)(1)1(11)
Investment income, nonoperating1022111
Other nonoperating income (expense)93(5)(8)(2)(0)(12)
Interest and debt expense(13)(18)(22)(22)(18)(16)(23)
Income (loss) from continuing operations before equity method investments, income taxes:7011783803639(204)
Income from equity method investments      1
Income (loss) from continuing operations before income taxes:7011783803639(203)
Income tax expense (benefit)(11)(16)(14)(1)48(9)12
Income (loss) from continuing operations:5910170788430(191)
Income (loss) from discontinued operations366(4)(4)35(98)74
Net income (loss):42597658189(68)(117)
Net income attributable to noncontrolling interest     034
Net income (loss) attributable to parent:42597658189(67)(83)
Preferred stock dividends and other adjustments  6  (18) 
Net income (loss) available to common stockholders, diluted:42597718189(85)(83)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):42597658189(68)(117)
Other comprehensive income (loss)154(1)(5)15(48)(134)
Comprehensive income (loss):4411016576104(116)(251)
Comprehensive income, net of tax, attributable to noncontrolling interest     034
Comprehensive income (loss), net of tax, attributable to parent:4411016576104(115)(217)

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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