Visteon Corporation (VC) financial statements (2021 and earlier)

Company profile

Business Address ONE VILLAGE CENTER DRIVE
VAN BUREN TOWNSHIP, MI 48111
State of Incorp. DE
Fiscal Year End December 31
SIC 3714 - Motor Vehicle Parts and Accessories (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 investments4964664637068782,775822
Cash and cash equivalents4964664637068782,728822
Short-term investments     47 
Restricted cash and investments4343489
Receivables4845144865305055021,506
Inventory, net of allowances, customer advances and progress billings177169184189151187537
Inventory177169184189151187537
Prepaid expense      46
Disposal group, including discontinued operation     1737
Deferred tax assets    41
Other current assets180193159175170564415
Other undisclosed current assets      (279)
Total current assets:1,3411,3451,2961,6031,7084,0533,134
Noncurrent Assets
Operating lease, right-of-use asset172 
Nontrade receivables      63
Property, plant and equipment3744363973773453511,440
Long-term investments and receivables604842414556165
Long-term investments604842414556165
Intangible assets, net (including goodwill)127127129132129133407
Goodwill494647474540102
Intangible assets, net (excluding goodwill)788182858493305
Advance royalties 13     
Other noncurrent assets13515014315114689177
Deferred tax assets, net    40
Other undisclosed noncurrent assets62152    (103)
Total noncurrent assets:9309267117016656292,189
TOTAL ASSETS:2,2712,2712,0072,3042,3734,6825,323
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5836045035755666141,442
Accounts payable5005114364704634821,186
Accrued liabilities 20    27
Employee-related liabilities837367105103132174
Taxes payable      55
Debt323757463637142
Derivative instruments and hedges, liabilities      27
Restructuring reserve 10   3839
Liability for uncertainty in income taxes     7 
Disposal group, including discontinued operation     9 
Deferred revenue and credits   16
Other liabilities209147161180294361330
Other undisclosed current liabilities    151,706(164)
Total current liabilities:8247987218019112,7721,832
Noncurrent Liabilities
Long-term debt and lease obligation495348348347346347839
Long-term debt, excluding current maturities349348348347346347839
Operating lease, liability146 
Liabilities, other than long-term debt135108116144120143351
Accounts payable and accrued liabilities      86
Deferred tax liabilities, net2723232021120
Deferred income tax liabilities28 
Liability for uncertainty in income taxes6  121425 
Due to related parties9917121722 
Other liabilities927276956975145
Business combination, contingent consideration, liability   2   
Other undisclosed noncurrent liabilities307422240251272221480
Total noncurrent liabilities:9378787047427387111,670
Total liabilities:1,7611,6761,4251,5431,6493,4833,502
Stockholders' equity
Stockholders' equity attributable to parent3874804656375861,057865
Common stock1111111
Treasury stock, value(2,281)(2,275)(2,264)(1,974)(1,778)(1,293)(747)
Additional paid in capital1,3481,3421,3351,3391,3271,3451,246
Accumulated other comprehensive loss(304)(267)(216)(174)(233)(190)(299)
Retained earnings1,6231,6791,6091,4451,2691,194661
Warrants and rights outstanding      3
Stockholders' equity attributable to noncontrolling interest123115117124138142956
Total stockholders' equity:5105955827617241,1991,821
TOTAL LIABILITIES AND EQUITY:2,2712,2712,0072,3042,3734,6825,323

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
Revenues2,5482,9452,9843,1463,1613,2457,509
Revenue, net3,1463,1613,2457,509
Cost of revenue
(Cost of Goods and Services Sold)
(2,303)(2,621)(2,573)(2,647)(2,697)(2,815)(6,711)
Gross profit:245324411499464430798
Operating expenses(470)(548)(544)(525)(569)(717)(1,124)
Other operating income (expense), net91021(2)(24)(25)(68)
Other expenses  21(2)(24)(25)(68)
Operating loss:(216)(214)(112)(28)(129)(312)(394)
Nonoperating income (expense)(6)1121121711(18)
Investment income, nonoperating5479759
Foreign currency transaction gain (loss), before tax(2)3691110(18)
Other nonoperating income (expense)(9)48(6)(1)(4)(9)
Interest and debt expense(16)(13)(14)(21)(18)(24)(60)
Other undisclosed income from continuing operations before equity method investments, income taxes212316308253289387718
Income (loss) from continuing operations before equity method investments, income taxes:(26)10020321615962246
Other undisclosed income from continuing operations before income taxes661372715
Income (loss) from continuing operations before income taxes:(20)10621622316169261
Income tax expense(28)(24)(43)(48)(30)(27)(124)
Income (loss) from continuing operations:(48)8217317513142137
Income (loss) from discontinued operations (1)117(40)2,286(343)
Net income (loss):(48)81174192912,328(206)
Net loss attributable to noncontrolling interest(8)(11)(10)(16)(16)(44)(89)
Net income (loss) available to common stockholders, diluted:(56)70164176752,284(295)

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 (loss):(48)81174192912,328(206)
Other comprehensive income (loss)(30)(53)(46)64(50)96(323)
Comprehensive income (loss):(78)28128256412,424(529)
Comprehensive loss, net of tax, attributable to noncontrolling interest(15)(9)(6)(21)(9)(31)(53)
Comprehensive income (loss), net of tax, attributable to parent:(93)19122235322,393(582)

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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