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)

12/31/2019
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 investments5569124100101428692
Cash and cash equivalents5569124100101428692
Receivables2662692682523671,0671,207
Inventory, net of allowances, customer advances and progress billings155129143146171498502
Inventory155129143146171498502
Contract with customer, asset6391
Disposal group, including discontinued operation      148
Prepaid expense and other current assets104
Other current assets934198313699 
Other undisclosed current assets    107124120
Total current assets:6325986335287822,2152,773
Noncurrent Assets
Property, plant and equipment483184187196220671692
Intangible assets, net (including goodwill)7015934644584972,2862,442
Goodwill4493943463403431,4551,517
Intangible assets, net (excluding goodwill)252198118118154831925
Deferred income tax assets16
Other noncurrent assets606658707681632730 
Prepaid expense and other noncurrent assets949
Deferred tax assets, net   51  
Other undisclosed noncurrent assets(304)245151   
Total noncurrent assets:1,5021,4591,4081,3851,3993,6874,083
TOTAL ASSETS:2,1352,0582,0401,9132,1815,9026,856
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3643414544445821,6181,557
Accounts payable142154160138177462495
Accrued liabilities220184293304404892989
Employee-related liabilities     220 
Taxes payable241224473
Deferred revenue101
Debt1445083331214644
Disposal group, including discontinued operation      32
Contract with customer, liability80
Other undisclosed current liabilities    41(222)(59)
Total current liabilities:6094704614766551,6102,174
Noncurrent Liabilities
Long-term debt and lease obligation, including:2503323493243431,1581,090
Finance lease, liability2
Capital lease obligations    1214
Operating lease, liability18
Other undisclosed long-term debt and lease obligation2313323493243431,1461,076
Liabilities, other than long-term debt7738179068998401,036993
Accounts payable and accrued liabilities23 20201918 
Deferred revenue3
Other liabilities7478178868798201,019993
Other undisclosed noncurrent liabilities123102236277427
Total noncurrent liabilities:1,0241,1721,2651,2451,2182,4712,510
Total liabilities:1,6321,6431,7261,7211,8734,0814,684
Stockholders' equity
Stockholders' equity attributable to parent, including:5024153151923451,8182,158
Treasury stock, value(460)(476)(503)(520)(3,486)(3,492)(3,009)
Additional paid in capital1,3021,2951,3101,3082,6501,6011,572
Accumulated other comprehensive income24424525023528363288
Retained earnings (accumulated deficit)(585)(650)(742)(832)8982,6382,303
Other undisclosed stockholders' equity attributable to parent111111,0081,005
Stockholders' equity attributable to noncontrolling interest    (37)314
Total stockholders' equity:5024153151923081,8212,172
TOTAL LIABILITIES AND EQUITY:2,1352,0582,0401,9132,1815,9026,856

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
Revenues1,5251,5391,4261,4721,7194,7214,717
Revenue, net1,4261,4721,7194,7214,717
Cost of revenue
(Cost of Goods and Services Sold)
(1,084)(1,128)(1,096)(1,097)(1,427)(3,358)(3,360)
Gross profit:4414113303762921,3641,358
Operating expenses(322)(303)(285)(336)(447)(682)(1,065)
Other operating income, net2      
Other undisclosed operating income (loss)(13)(1)1015(15)(480)37
Operating income (loss):1081085555(170)202330
Nonoperating income (expense)(3)(6)(1)1(11)486(19)
Investment income, nonoperating2211198
Foreign currency transaction loss, before tax     (7)(16)
Other nonoperating income (expense)(5)(8)(2)(0)(12)485(11)
Interest and debt expense(22)(22)(18)(16)(23)(102)(113)
Income (loss) from continuing operations before equity method investments, income taxes:83803639(204)586198
Income from equity method investments    1142
Other undisclosed income from continuing operations before income taxes     716
Income (loss) from continuing operations before income taxes:83803639(203)594256
Income tax expense (benefit)(14)(1)48(9)12(214)(55)
Income (loss) from continuing operations:70788430(191)380201
Income (loss) from discontinued operations(4)35(98)74811
Net income (loss):658189(68)(117)388213
Net income (loss) attributable to noncontrolling interest   03410(2)
Net income (loss) attributable to parent:658189(67)(83)398210
Preferred stock dividends and other adjustments6  (18)   
Net income (loss) available to common stockholders, diluted:718189(85)(83)398210

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 (loss):658189(68)(117)388213
Other comprehensive income (loss)(1)(5)15(48)(134)(225)2
Comprehensive income (loss):6576104(116)(251)164215
Comprehensive income, net of tax, attributable to noncontrolling interest   034102
Other undisclosed comprehensive loss, net of tax, attributable to parent      (4)
Comprehensive income (loss), net of tax, attributable to parent:6576104(115)(217)173213

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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