Valspar Corp (VAL) financial statements (2020 and earlier)

Company profile

Business Address 1101 SOUTH 3RD STREET
MINNEAPOLIS, MN 55415
State of Incorp. DE
Fiscal Year End October 31
SIC 2851 - Paints, Varnishes, Lacquers, Enamels, and Allied Products (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

10/31/2016
10/31/2015
10/31/2014
10/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments175186128216
Cash and cash equivalents175186128216
Restricted cash and investments113 
Receivables815857840771
Inventory, net of allowances, customer advances and progress billings473452486439
Inventory473452486439
Other undisclosed current assets132135119154
Total current assets:1,5961,6311,5771,580
Noncurrent Assets
Property, plant and equipment668633645633
Intangible assets, net (including goodwill)1,9101,9311,7181,754
Goodwill1,2851,2881,1261,145
Intangible assets, net (excluding goodwill)625643593609
Other noncurrent assets1191138349
Other undisclosed noncurrent assets2111109
Total noncurrent assets:2,7182,6872,4572,445
TOTAL ASSETS:4,3154,3194,0344,026
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,044780861746
Accounts payable553554601619
Accrued liabilities4634145 
Employee-related liabilities 150169122
Taxes payable2836265
Interest and dividends payable  21 
Debt221334606441
Derivative instruments and hedges, liabilities   1
Restructuring reserve 1214
Deferred tax liabilities 253
Other liabilities 443471416
Other undisclosed current liabilities (204)(253)(126)
Total current liabilities:1,2661,3671,7041,481
Noncurrent Liabilities
Long-term debt and lease obligation1,5571,7149501,037
Long-term debt, excluding current maturities1,5571,7079501,037
Capital lease obligations 7  
Liabilities, other than long-term debt378390368385
Deferred tax liabilities, net192241219242
Other liabilities187149149143
Other undisclosed noncurrent liabilities (7)  
Total noncurrent liabilities:1,9352,0971,3181,422
Total liabilities:3,2013,4643,0232,903
Stockholders' equity
Stockholders' equity attributable to parent1,1138551,0111,123
Common stock59595959
Treasury stock, value(1,683)(1,692)(1,394)(1,084)
Additional paid in capital496474458445
Accumulated other comprehensive income (loss)(217)(195)(20)53
Retained earnings2,4582,2101,9071,649
Total stockholders' equity:1,1138551,0111,123
TOTAL LIABILITIES AND EQUITY:4,3154,3194,0344,026

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

10/31/2016
10/31/2015
10/31/2014
10/31/2013
Revenues
(Revenue, Net)
4,1914,3934,5224,104
Cost of revenue
(Cost of Goods and Services Sold)
(2,655)(2,823)(2,955)(2,723)
Other undisclosed gross profit (18)(28)(22)
Gross profit:1,5361,5511,5391,358
Operating expenses(1,007)(951)(979)(866)
Other undisclosed operating income 48  
Operating income:529648560492
Nonoperating expense(4)(3)(3)(4)
Interest and debt expense(91)(81)(65)(65)
Income from continuing operations before income taxes:435564492424
Income tax expense(81)(164)(146)(135)
Net income available to common stockholders, diluted:353400345289

Comprehensive Income ($ in millions)

10/31/2016
10/31/2015
10/31/2014
10/31/2013
Net income:353400345289
Other comprehensive loss(22)(176)(73) 
Comprehensive income:331224272289
Other undisclosed comprehensive income, net of tax, attributable to parent   3
Comprehensive income, net of tax, attributable to parent:331224272292

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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