Universal Forest Products, Inc. (UFPI) financial statements (2021 and earlier)

Company profile

Business Address 2801 EAST BELTLINE NE
GRAND RAPIDS, MI 49525
State of Incorp. MI
Fiscal Year End December 31
SIC 2421 - Sawmills and Planing Mills, General (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 investments46118742404494 
Cash and cash equivalents43716827283488 
Short-term investments24191511107 
Restricted cash and investments0010010
Receivables476377358335294231208
Inventory, net of allowances, customer advances and progress billings567487556460397305340
Inventory567487556460397305340
Costs in excess of billings   5
Other current assets34423928211718
Other undisclosed current assets      1
Total current assets:1,5381,093995863756648573
Noncurrent Assets
Operating lease, right-of-use asset7780
Property, plant and equipment417387355329298251248
Intangible assets, net (including goodwill)332285273255228199192
Goodwill252230224213199181183
Intangible assets, net (excluding goodwill)8056494229189
Restricted cash and investments1816138   
Deferred costs   1111
Deferred income tax assets23
Other noncurrent assets2025979810
Other undisclosed noncurrent assets  31110
Total noncurrent assets:867796652601536459451
TOTAL ASSETS:2,4051,8891,6481,4651,2921,1081,024
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities447336283276249203192
Accounts payable2121421371401259589
Accrued liabilities69524238322940
Employee-related liabilities16614210498927962
Deferred revenue12 
Debt01828272211
Billings in excess of cost   5
Other undisclosed current liabilities5     (22)
Total current liabilities:464354310303272204175
Noncurrent Liabilities
Long-term debt and lease obligation3732262021451098599
Long-term debt, excluding current maturities3121612021451098599
Operating lease, liability6265
Liabilities, other than long-term debt85524743515258
Deferred compensation liability, classified      2
Asset retirement obligations      1
Deferred tax liabilities, net1614212431
Deferred income tax liabilities2523
Liability, pension and other postretirement and postemployment benefits      5
Other liabilities60293129302919
Other undisclosed noncurrent liabilities      (8)
Total noncurrent liabilities:458278249187160137149
Total liabilities:922632559491432341324
Stockholders' equity
Stockholders' equity attributable to parent1,4601,2441,073959849753686
Common stock61616161202020
Additional paid in capital218192179162185172162
Accumulated other comprehensive income (loss)(2)(5)(6)0(6)(5)1
Retained earnings1,183995840736649566502
Receivable from shareholders or affiliates for issuance of capital stock      (0)
Stockholders' equity attributable to noncontrolling interest23141515111414
Total stockholders' equity:1,4831,2581,089974860766700
TOTAL LIABILITIES AND EQUITY:2,4051,8891,6481,4651,2921,1081,024

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
Revenues5,1544,4924,5663,9413,2402,8872,660
Revenue, net3,9413,2402,8872,660
Cost of revenue(4,354)(3,730)(3,896)(3,398)(2,766)(2,487)(2,335)
Cost of goods and services sold    (2,766)(2,487)(2,335)
Other undisclosed gross profit (76)(77)    
Gross profit:800686593543475400325
Operating expenses(445)(439)(386)(361)(310)(264)(249)
Other undisclosed operating income (loss)(10)(2)   (0)21
Operating income:34624520718116413597
Nonoperating income (expense)2(4)(9)(5)(4)(4)(2)
Investment income, nonoperating2211102
Interest and debt expense(9)(9)(9)(6)(5)(5)(4)
Other undisclosed income from continuing operations before equity method investments, income taxes  9 554
Income from continuing operations before equity method investments, income taxes:33923219817016113196
Income from equity method investments23 0  0
Other undisclosed income from continuing operations before income taxes 6 6   
Income from continuing operations before income taxes:34124119817616113196
Income tax expense(87)(58)(45)(52)(55)(46)(34)
Income before gain (loss) on sale of properties:2541821521241058562
Other undisclosed net loss      (0)
Net income:2541821521241058562
Net loss attributable to noncontrolling interest(7)(3)(4)(5)(4)(5)(4)
Net income attributable to parent:2471801491201018158
Undistributed earnings (loss) allocated to participating securities, basic(7)(4)(3)(2)
Net income available to common stockholders, basic:2401751451171018158
Other undisclosed net loss available to common stockholders, diluted    (2)(1)(1)
Net income available to common stockholders, diluted:2401751451171008057

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:2541821521241058562
Other comprehensive income (loss)62(5)6(3)(7) 
Other undisclosed comprehensive loss      (3)
Comprehensive income:2601841471301037858
Comprehensive loss, net of tax, attributable to noncontrolling interest(10)(3)(4)(5)(3)(3)(3)
Comprehensive income, net of tax, attributable to parent:2501811431251007555

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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