Visteon Corporation (VC) financial statements (2020 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)

12/31/2019
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 investments4664637068782,7758221,677
Cash and cash equivalents4664637068782,7288221,677
Short-term investments    47  
Restricted cash and investments34348925
Receivables5144865305055021,5061,227
Inventory, net of allowances, customer advances and progress billings169184189151187537472
Inventory169184189151187537472
Prepaid expense     46 
Disposal group, including discontinued operation    1737 
Deferred tax assets    41 
Other current assets193159175170564415352
Other undisclosed current assets     (279) 
Total current assets:1,3451,2961,6031,7084,0533,1343,753
Noncurrent Assets
Nontrade receivables     63
Property, plant and equipment4363973773453511,4401,414
Long-term investments and receivables4842414556165228
Long-term investments4842414556165228
Intangible assets, net (including goodwill), including:127129132129133407447
Goodwill464747454010297
Intangible assets, net (excluding goodwill)8182858493305323
Other undisclosed intangible assets, net (including goodwill)      27
Advance royalties13      
Other noncurrent assets15014315114689177185
Deferred tax assets, net    40 
Other undisclosed noncurrent assets152    (103) 
Total noncurrent assets:9267117016656292,1892,274
TOTAL ASSETS:2,2712,0072,3042,3734,6825,3236,027
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6045035755666141,4421,434
Accounts payable5114364704634821,1861,232
Accrued liabilities20    27 
Employee-related liabilities7367105103132174202
Taxes payable     55 
Debt3757463637142106
Derivative instruments and hedges, liabilities     27 
Restructuring reserve10   3839
Liability for uncertainty in income taxes    7  
Disposal group, including discontinued operation    9  
Deferred revenue and credits   16 
Other liabilities147161180294361330262
Other undisclosed current liabilities   151,706(164) 
Total current liabilities:7987218019112,7721,8321,802
Noncurrent Liabilities
Long-term debt and lease obligation348348347346347839624
Long-term debt, excluding current maturities348348347346347839624
Liabilities, other than long-term debt108116144120143351288
Accounts payable and accrued liabilities     86 
Deferred tax liabilities, net2723232021120137
Liability for uncertainty in income taxes  121425  
Due to related parties917121722  
Other liabilities7276956975145151
Business combination, contingent consideration, liability  2   
Other undisclosed noncurrent liabilities422240251272221480440
Total noncurrent liabilities:8787047427387111,6701,352
Total liabilities:1,6761,4251,5431,6493,4833,5023,154
Stockholders' equity
Stockholders' equity attributable to parent4804656375861,0578651,920
Common stock1111111
Treasury stock, value(2,275)(2,264)(1,974)(1,778)(1,293)(747)(322)
Additional paid in capital1,3421,3351,3391,3271,3451,2461,291
Accumulated other comprehensive loss(267)(216)(174)(233)(190)(299)(12)
Retained earnings1,6791,6091,4451,2691,194661956
Warrants and rights outstanding     36
Stockholders' equity attributable to noncontrolling interest115117124138142956953
Total stockholders' equity:5955827617241,1991,8212,873
TOTAL LIABILITIES AND EQUITY:2,2712,0072,3042,3734,6825,3236,027

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
Revenues2,9452,9843,1463,1613,2457,5097,439
Revenue, net3,1463,1613,2457,5097,439
Cost of revenue
(Cost of Goods and Services Sold)
(2,621)(2,573)(2,647)(2,697)(2,815)(6,711)(6,755)
Gross profit:324411499464430798684
Operating expenses(548)(544)(525)(569)(717)(1,124)(771)
Other operating income (expense), net1021(2)(24)(25)(68) 
Other expenses 21(2)(24)(25)(68) 
Operating loss:(214)(112)(28)(129)(312)(394)(87)
Nonoperating income (expense)1121121711(18)52
Investment income, nonoperating4797598
Foreign currency transaction gain (loss), before tax3691110(18) 
Other nonoperating income (expense)48(6)(1)(4)(9)44
Interest and debt expense(13)(14)(21)(18)(24)(60)(49)
Other undisclosed income from continuing operations before equity method investments, income taxes316308253289387718753
Income from continuing operations before equity method investments, income taxes:10020321615962246669
Income from equity method investments      213
Other undisclosed income from continuing operations before income taxes61372715 
Income from continuing operations before income taxes:10621622316169261882
Income tax expense(24)(43)(48)(30)(27)(124)(107)
Income from continuing operations:8217317513142137775
Income (loss) from discontinued operations(1)117(40)2,286(343) 
Net income (loss):81174192912,328(206)775
Net loss attributable to noncontrolling interest(11)(10)(16)(16)(44)(89)(85)
Net income (loss) available to common stockholders, diluted:70164176752,284(295)690

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):81174192912,328(206)775
Other comprehensive income (loss)(53)(46)64(50)96(323)74
Comprehensive income (loss):28128256412,424(529)849
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(9)(6)(21)(9)(31)(53)81
Other undisclosed comprehensive loss, net of tax, attributable to parent      (162)
Comprehensive income (loss), net of tax, attributable to parent:19122235322,393(582)768

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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