Universal Electronics Inc. (UEIC) financial statements (2021 and earlier)

Company profile

Business Address 15147 N SCOTTSDALE RD
SCOTTSDALE, AZ 85254
State of Incorp. DE
Fiscal Year End December 31
SIC 3651 - Household Audio and Video 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 investments745362515311376
Cash and cash equivalents745362515311376
Restricted cash and investments  555  
Receivables1391451521251229895
Inventory, net of allowances, customer advances and progress billings1451441631301229796
Inventory1451441631301229796
Contract with customer, asset1326
Disposal group, including discontinued operation  13    
Income taxes receivable0
Other undisclosed current assets8131314141211
Total current assets:379380407324315320278
Noncurrent Assets
Operating lease, right-of-use asset20
Property, plant and equipment9196111105907676
Intangible assets, net (including goodwill)68737872765558
Goodwill48484943433131
Intangible assets, net (excluding goodwill)20242929332527
Restricted cash and investments   5   
Deferred income tax assets4
Other noncurrent assets2555555
Other undisclosed noncurrent assets 2810866
Total noncurrent assets:185175201197180143145
TOTAL ASSETS:564556608521495463424
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities189169186158158133101
Accounts payable10310711997947058
Accrued liabilities352429242116 
Employee-related liabilities44343436374138
Taxes payable7440565
Debt681021385050  
Deferred revenue and credits   1 
Deferred tax liabilities     0
Other undisclosed current liabilities1010988318
Total current liabilities:266280333216215136120
Noncurrent Liabilities
Long-term debt and lease obligation16      
Operating lease, liability16
Liabilities, other than long-term debt8121825101113
Accounts payable and accrued liabilities223111 
Accrued income taxes1
Deferred tax liabilities, net  78810
Deferred income tax liabilities2
Other liabilities0226222
Business combination, contingent consideration, liability481311  
Other undisclosed noncurrent liabilities 14 12  
Total noncurrent liabilities:23132225221113
Total liabilities:290293355241237147132
Stockholders' equity
Stockholders' equity attributable to parent274263254281258316291
Common stock0000000
Treasury stock, value(278)(276)(262)(223)(210)(121)(105)
Additional paid in capital288276265250228215200
Accumulated other comprehensive income (loss)(23)(20)(17)(23)(16)(4)3
Retained earnings286283267276255226194
Stockholders' equity attributable to noncontrolling interest    0  
Total stockholders' equity:274263254281258316291
TOTAL LIABILITIES AND EQUITY:564556608521495463424

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
Revenues753680696651603562529
Revenue, net696651603562529
Cost of revenue
(Cost of Goods and Services Sold)
(583)(538)(530)(487)(436)(395)(378)
Gross profit:170142166164167167151
Operating expenses(155)(143)(155)(139)(131)(130)(124)
Other undisclosed operating income     44
Operating income (loss):15(2)1125364132
Nonoperating income (expense)(1)33(1)1(0)(2)(6)
Investment income, nonoperating 37   (0)1
Foreign currency transaction loss, before tax     (0)(4)
Other nonoperating income (expense)(1)(4)(1)1(0)(1)(3)
Interest and debt expense(4)(5)(3)(1)(0)  
Other undisclosed income from continuing operations before equity method investments, income taxes0000013
Income from continuing operations before income taxes:1026725364029
Income tax expense(7)(14)(18)(5)(7)(8)(6)
Net income (loss):412(10)20293323
Net income (loss) attributable to noncontrolling interest   (0)0  
Net income (loss) available to common stockholders, diluted:412(10)20293323

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):412(10)20293323
Other undisclosed comprehensive income (loss)(3)(4)6(7)(11)  
Comprehensive income (loss):18(4)13183323
Comprehensive income (loss), net of tax, attributable to noncontrolling interest   (0)0  
Other undisclosed comprehensive income (loss), net of tax, attributable to parent     (7)2
Comprehensive income (loss), net of tax, attributable to parent:18(4)13182525

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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