SPX Corporation (SPXC) financial statements (2021 and earlier)

Company profile

Business Address 13320-A BALLANTYNE CORPORATE PLACE
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)

12/31/2020
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 investments685569124100101428
Cash and cash equivalents685569124100101428
Receivables2722662692682523671,067
Inventory, net of allowances, customer advances and progress billings162155129143146171498
Inventory162155129143146171498
Contract with customer, asset816391
Disposal group, including discontinued operation0      
Other current assets99934198313699
Other undisclosed current assets     107124
Total current assets:6836325986335287822,215
Noncurrent Assets
Property, plant and equipment504483184187196220671
Intangible assets, net (including goodwill)8057015934644584972,286
Goodwill5004493943463403431,455
Intangible assets, net (excluding goodwill)305252198118118154831
Disposal group, including discontinued operation, noncurrent assets0      
Deferred income tax assets416
Other noncurrent assets616606658707681632730
Deferred tax assets, net   51 
Other undisclosed noncurrent assets(314)(304)245151  
Total noncurrent assets:1,6151,5021,4591,4081,3851,3993,687
TOTAL ASSETS:2,2982,1352,0582,0401,9132,1815,902
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3733643414544445821,618
Accounts payable139142154160138177462
Accrued liabilities234220184293304404892
Employee-related liabilities      220
Taxes payable02412244
Deferred revenue104101
Debt1081445083331214
Disposal group, including discontinued operation1      
Contract with customer, liability80
Other undisclosed current liabilities     41(222)
Total current liabilities:5856094704614766551,610
Noncurrent Liabilities
Long-term debt and lease obligation, including:3042503323493243431,158
Finance lease, liability22
Capital lease obligations    12
Operating lease, liability 18
Other undisclosed long-term debt and lease obligation3022313323493243431,146
Liabilities, other than long-term debt7567738179068998401,036
Accounts payable and accrued liabilities 23 20201918
Deferred revenue 3
Other liabilities7567478178868798201,019
Other undisclosed noncurrent liabilities24123102236277
Total noncurrent liabilities:1,0841,0241,1721,2651,2451,2182,471
Total liabilities:1,6691,6321,6431,7261,7211,8734,081
Stockholders' equity
Stockholders' equity attributable to parent, including:6295024153151923451,818
Treasury stock, value(452)(460)(476)(503)(520)(3,486)(3,492)
Additional paid in capital1,3201,3021,2951,3101,3082,6501,601
Accumulated other comprehensive income24924424525023528363
Retained earnings (accumulated deficit)(488)(585)(650)(742)(832)8982,638
Other undisclosed stockholders' equity attributable to parent1111111,008
Stockholders' equity attributable to noncontrolling interest     (37)3
Total stockholders' equity:6295024153151923081,821
TOTAL LIABILITIES AND EQUITY:2,2982,1352,0582,0401,9132,1815,902

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
Revenues1,5601,5251,5391,4261,4721,7194,721
Revenue, net1,4261,4721,7194,721
Cost of revenue
(Cost of Goods and Services Sold)
(1,081)(1,084)(1,128)(1,096)(1,097)(1,427)(3,358)
Gross profit:4794414113303762921,364
Operating expenses(336)(322)(303)(285)(336)(447)(682)
Other operating income (expense), net(9)2     
Other undisclosed operating income (loss)(2)(13)(1)1015(15)(480)
Operating income (loss):1321081085555(170)202
Nonoperating income (expense)3(3)(6)(1)1(11)486
Investment income, nonoperating0221119
Other nonoperating income (expense)3(5)(8)(2)(0)(12)485
Interest and debt expense(18)(22)(22)(18)(16)(23)(102)
Income (loss) from continuing operations before equity method investments, income taxes:11783803639(204)586
Income from equity method investments     11
Other undisclosed income from continuing operations before income taxes      7
Income (loss) from continuing operations before income taxes:11783803639(203)594
Income tax expense (benefit)(16)(14)(1)48(9)12(214)
Income (loss) from continuing operations:10170788430(191)380
Income (loss) from discontinued operations(4)(4)35(98)748
Net income (loss):97658189(68)(117)388
Net income attributable to noncontrolling interest    03410
Net income (loss) attributable to parent:97658189(67)(83)398
Preferred stock dividends and other adjustments 6  (18)  
Net income (loss) available to common stockholders, diluted:97718189(85)(83)398

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 (loss):97658189(68)(117)388
Other comprehensive income (loss)4(1)(5)15(48)(134)(225)
Comprehensive income (loss):1016576104(116)(251)164
Comprehensive income, net of tax, attributable to noncontrolling interest    03410
Comprehensive income (loss), net of tax, attributable to parent:1016576104(115)(217)173

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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