Valmont Industries, Inc. (VMI) financial statements (2021 and earlier)

Company profile

Business Address ONE VALMONT PLAZA
OMAHA, NE 68154
State of Incorp. DE
Fiscal Year End December 31
SIC 344 - Fabricated Structural Metal Products (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 investments354 493400349372614
Cash and cash equivalents354 493400349372614
Receivables480484504439466537515
Inventory, net of allowances, customer advances and progress billings375384421350341360380
Inventory375384421350341360380
Contract with customer, asset141113
Other undisclosed current assets3936155647112589
Total current assets:1,3881,3411,4731,2531,2271,3931,598
Noncurrent Assets
Property, plant and equipment558514519518532606534
Intangible assets, net (including goodwill)605561476465507587521
Goodwill429385338321337385350
Intangible assets, net (excluding goodwill)176176139144170202171
Deferred costs     36 
Other noncurrent assets212114134155133143124
Deferred tax assets, net    (72)(79)
Other undisclosed noncurrent assets     3579
Total noncurrent assets:1,3751,1901,1301,1391,1731,3371,179
TOTAL ASSETS:2,7632,5302,6022,3922,3992,7302,776
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:491389393340356197216
Accounts payable198218228177180197216
Accrued liabilities2029281901068872
Employee-related liabilities847984727088123
Interest and dividends payable8      
Other undisclosed accounts payable and accrued liabilities     (176)(195)
Debt23111223341
Other undisclosed current liabilities 8989167180
Total current liabilities:514409403350367397437
Noncurrent Liabilities
Long-term debt and lease obligation851742754755764767471
Long-term debt, excluding current maturities765742754755764767471
Operating lease, liability86
Liabilities, other than long-term debt242244294305304244245
Pension and other postretirement defined benefit plans, liabilities154
Deferred compensation liability, classified45464944484839
Deferred tax liabilities, net43353636  
Deferred income tax liabilities48
Liability, pension and other postretirement and postemployment benefits140144190209179150
Other liabilities9102115404652
Other undisclosed noncurrent liabilities     7279
Total noncurrent liabilities:1,0939861,0471,0591,0681,082795
Total liabilities:1,6071,3951,4501,4091,4341,4791,232
Stockholders' equity
Stockholders' equity attributable to parent1,1111,0601,1139439181,2021,522
Common stock28282828282828
Treasury stock, value(744)(693)(590)(613)(572)(410)(21)
Accumulated other comprehensive loss(313)(303)(279)(346)(267)(134)(48)
Retained earnings2,1412,0281,9541,8751,7301,7191,563
Stockholders' equity attributable to noncontrolling interest45763939474923
Total stockholders' equity:1,1571,1361,1529839651,2501,545
TOTAL LIABILITIES AND EQUITY:2,7632,5302,6022,3922,3992,7302,776

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
Revenues2,7672,7572,7462,5222,6193,1233,304
Revenue, net2,7462,5222,6193,1233,304
Cost of revenue
(Cost of Goods and Services Sold)
(2,074)(2,099)(2,064)(1,865)(1,998)(2,315)(2,359)
Gross profit:692658682656621808945
Operating expenses(455)(440)(415)(413)(447)(483)(493)
Other undisclosed operating income (loss) (16)  (42)3321
Operating income:238202266244132358473
Nonoperating expense(28)(59)(38)(23)(39)(74)(24)
Investment income, nonoperating105533266
Other nonoperating income (expense)2 2183(4)2
Interest and debt expense(40)(44)(45)(44)(45)(37)(33)
Other undisclosed income from continuing operations before equity method investments, income taxes40444544453733
Income from continuing operations before equity method investments, income taxes:21014322822093284449
Income (loss) from equity method investments    (0)01
Income from continuing operations before income taxes:21014322822093284450
Income tax expense(50)(43)(106)(42)(47)(95)(158)
Income before gain (loss) on sale of properties:15910012217845189292
Other undisclosed net loss      (12)
Net income:15910012217845189280
Net loss attributable to noncontrolling interest(6)(6)(6)(5)(5)(5)(2)
Net income available to common stockholders, diluted:1549411617340184278

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:15910012217845189280
Other comprehensive income (loss)(10)(22)67(78)(137)(90)(99)
Comprehensive income (loss):14979189100(92)100182
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(6)(9)(6)(6)(1)(3)9
Other undisclosed comprehensive loss, net of tax, attributable to parent      (18)
Comprehensive income (loss), net of tax, attributable to parent:1447018494(93)97172

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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