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 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 304 | 267 | 665 | 535 | 368 | 627 | |||
Cash and cash equivalents | 304 | 267 | 665 | 535 | 368 | 627 | |||
Restricted cash and investments | 5 | ||||||||
Receivables | 548 | 508 | 381 | 402 | 660 | 580 | |||
Inventory, net of allowances, customer advances and progress billings | 988 | 814 | 610 | 848 | 1,212 | 970 | |||
Inventory | 988 | 814 | 610 | 848 | 1,212 | 970 | |||
Prepaid expense | 122 | 180 | 222 | 226 | 183 | 203 | |||
Disposal group, including discontinued operation | 9 | 4 | |||||||
Other undisclosed current assets | (5) | ||||||||
Total current assets: | 1,962 | 1,768 | 1,879 | 2,020 | 2,423 | 2,383 | |||
Noncurrent Assets | |||||||||
Property, plant and equipment | 466 | 430 | 407 | 389 | 346 | 311 | |||
Intangible assets, net (including goodwill) | 302 | 294 | 284 | 280 | 278 | 287 | |||
Goodwill | 284 | 280 | 275 | 270 | 265 | 274 | |||
Intangible assets, net (excluding goodwill) | 17 | 13 | 8 | 10 | 13 | 14 | |||
Disposal group, including discontinued operation, noncurrent assets | 1 | ||||||||
Other noncurrent assets | 389 | 373 | 463 | 506 | 439 | 481 | |||
Total noncurrent assets: | 1,156 | 1,096 | 1,153 | 1,176 | 1,063 | 1,080 | |||
TOTAL ASSETS: | 3,118 | 2,864 | 3,032 | 3,196 | 3,486 | 3,463 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 728 | 685 | 504 | 608 | 940 | 752 | |||
Employee-related liabilities | ✕ | 103 | 109 | 86 | 100 | 152 | 160 | ||
Accounts payable | 625 | 538 | 370 | 508 | 788 | 592 | |||
Accrued liabilities | 39 | 48 | |||||||
Debt | 2 | 6 | 8 | 7 | 5 | 5 | |||
Disposal group, including discontinued operation | 8 | 2 | |||||||
Other liabilities | 269 | 219 | 212 | 249 | 270 | 232 | |||
Other undisclosed current liabilities | 45 | ||||||||
Total current liabilities: | 999 | 910 | 723 | 872 | 1,215 | 1,036 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation, including: | 774 | 669 | 1,166 | 1,169 | 1,215 | 980 | |||
Long-term debt, excluding current maturities | |||||||||
Other undisclosed long-term debt and lease obligation | 774 | 595 | 1,083 | 1,169 | 1,215 | 980 | |||
Liabilities, other than long-term debt | 165 | 176 | 221 | 222 | 196 | 225 | |||
Liability, pension and other postretirement and postemployment benefits | 141 | 151 | |||||||
Disposal group, including discontinued operation, liabilities | 1 | 1 | |||||||
Other liabilities | 165 | 176 | 221 | 221 | 55 | 73 | |||
Operating lease, liability | 73 | 83 | ✕ | ✕ | |||||
Total noncurrent liabilities: | 938 | 844 | 1,387 | 1,391 | 1,410 | 1,205 | |||
Total liabilities: | 1,937 | 1,754 | 2,110 | 2,263 | 2,625 | 2,240 | |||
Equity | |||||||||
Equity, attributable to parent | 1,181 | 1,110 | 922 | 932 | 861 | 1,222 | |||
Common stock | 1 | 1 | 1 | 1 | 1 | 1 | |||
Treasury stock, value | (560) | (460) | (459) | (407) | (402) | (1,858) | |||
Additional paid in capital | 882 | 860 | 838 | 824 | 797 | 1,322 | |||
Accumulated other comprehensive loss | (342) | (229) | (208) | (258) | (285) | (240) | |||
Retained earnings | 1,201 | 937 | 750 | 771 | 749 | 1,996 | |||
Equity, attributable to noncontrolling interest | 1 | 1 | |||||||
Total equity: | 1,181 | 1,110 | 922 | 932 | 861 | 1,223 | |||
TOTAL LIABILITIES AND EQUITY: | 3,118 | 2,864 | 3,032 | 3,196 | 3,486 | 3,463 |
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 | ||
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Revenues | 4,418 | 3,887 | 3,076 | 4,353 | 5,125 | 4,363 | ||
Cost of revenue | (3,547) | (3,129) | (2,537) | (3,465) | (4,158) | (3,547) | ||
Gross profit: | 871 | 757 | 539 | 888 | 967 | 816 | ||
Operating expenses | (451) | (429) | (471) | (553) | (674) | (732) | ||
Other undisclosed operating income | 90 | |||||||
Operating income: | 420 | 328 | 68 | 335 | 293 | 174 | ||
Nonoperating income (expense) | (4) | 17 | 9 | 0 | (71) | 59 | ||
Investment income, nonoperating | 3 | 4 | 4 | 7 | 9 | 7 | ||
Other nonoperating income (expense) | (7) | 13 | 5 | (6) | (80) | 52 | ||
Interest and debt expense | (49) | (81) | (66) | (88) | (74) | (120) | ||
Income from continuing operations before income taxes: | 367 | 264 | 11 | 248 | 149 | 112 | ||
Income tax expense | (66) | (46) | (2) | (38) | (37) | (52) | ||
Income from continuing operations: | 300 | 218 | 9 | 210 | 111 | 60 | ||
Income before gain (loss) on sale of properties: | ✕ | ✕ | 218 | 9 | 210 | 111 | 129 | |
Income from discontinued operations | 69 | |||||||
Other undisclosed net income (loss) | (0) | 3 | (20) | (155) | 2 | |||
Net income (loss) available to common stockholders, diluted: | 300 | 221 | (11) | 54 | 114 | 129 |
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 | ||
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Net income (loss): | 300 | 221 | (11) | 54 | 114 | 129 | ||
Other comprehensive income (loss) | (113) | (20) | 49 | 27 | (43) | 540 | ||
Comprehensive income, net of tax, attributable to parent: | 187 | 201 | 39 | 82 | 71 | 669 |
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.