Terex Corporation (TEX) Financial Statements (2024 and earlier)

Company Profile

Business Address 45 GLOVER AVENUE
NORWALK, CT 06850
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3537 - Industrial Trucks, Tractors, Trailers, and Stackers (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments304267665535368627
Cash and cash equivalents304267665535368627
Restricted cash and investments      5
Receivables548508381402660580
Inventory, net of allowances, customer advances and progress billings9888146108481,212970
Inventory9888146108481,212970
Prepaid expense122180222226183203
Disposal group, including discontinued operation    9 4
Other undisclosed current assets      (5)
Total current assets:1,9621,7681,8792,0202,4232,383
Noncurrent Assets
Property, plant and equipment466430407389346311
Intangible assets, net (including goodwill)302294284280278287
Goodwill284280275270265274
Intangible assets, net (excluding goodwill)17138101314
Disposal group, including discontinued operation, noncurrent assets    1  
Other noncurrent assets389373463506439481
Total noncurrent assets:1,1561,0961,1531,1761,0631,080
TOTAL ASSETS:3,1182,8643,0323,1963,4863,463
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities728685504608940752
Employee-related liabilities10310986100152160
Accounts payable625538370508788592
Accrued liabilities  3948   
Debt268755
Disposal group, including discontinued operation    8 2
Other liabilities269219212249270232
Other undisclosed current liabilities      45
Total current liabilities:9999107238721,2151,036
Noncurrent Liabilities
Long-term debt and lease obligation, including:7746691,1661,1691,215980
Long-term debt, excluding current maturities      
Other undisclosed long-term debt and lease obligation 7745951,0831,1691,215980
Liabilities, other than long-term debt165176221222196225
Liability, pension and other postretirement and postemployment benefits     141151
Disposal group, including discontinued operation, liabilities    1 1
Other liabilities1651762212215573
Operating lease, liability 7383 
Total noncurrent liabilities:9388441,3871,3911,4101,205
Total liabilities:1,9371,7542,1102,2632,6252,240
Equity
Equity, attributable to parent1,1811,1109229328611,222
Common stock111111
Treasury stock, value(560)(460)(459)(407)(402)(1,858)
Additional paid in capital8828608388247971,322
Accumulated other comprehensive loss(342)(229)(208)(258)(285)(240)
Retained earnings1,2019377507717491,996
Equity, attributable to noncontrolling interest     11
Total equity:1,1811,1109229328611,223
TOTAL LIABILITIES AND EQUITY:3,1182,8643,0323,1963,4863,463

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues4,4183,8873,0764,3535,1254,363
Cost of revenue(3,547)(3,129)(2,537)(3,465)(4,158)(3,547)
Gross profit:871757539888967816
Operating expenses(451)(429)(471)(553)(674)(732)
Other undisclosed operating income      90
Operating income:42032868335293174
Nonoperating income (expense)(4)1790(71)59
Investment income, nonoperating344797
Other nonoperating income (expense)(7)135(6)(80)52
Interest and debt expense(49)(81)(66)(88)(74)(120)
Income from continuing operations before income taxes:36726411248149112
Income tax expense(66)(46)(2)(38)(37)(52)
Income from continuing operations:300218921011160
Income before gain (loss) on sale of properties:2189210111129
Income from discontinued operations      69
Other undisclosed net income (loss)(0)3(20)(155)2 
Net income (loss) available to common stockholders, diluted:300221(11)54114129

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):300221(11)54114129
Other comprehensive income (loss)(113)(20)4927(43)540
Comprehensive income, net of tax, attributable to parent:187201398271669

Statements Sources

The financial statements are based on the Company's filings with 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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