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)

12/31/2020
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 investments401354 493400349372
Cash and cash equivalents401354 493400349372
Receivables512480484504439466537
Inventory, net of allowances, customer advances and progress billings449375384421350341360
Inventory449375384421350341360
Contract with customer, asset123141113
Other undisclosed current assets7039361556471125
Total current assets:1,5551,3881,3411,4731,2531,2271,393
Noncurrent Assets
Property, plant and equipment598558514519518532606
Intangible assets, net (including goodwill)598605561476465507587
Goodwill430429385338321337385
Intangible assets, net (excluding goodwill)167176176139144170202
Deferred costs      36
Other noncurrent assets203212114134155133143
Deferred tax assets, net    (72)
Other undisclosed noncurrent assets      35
Total noncurrent assets:1,3991,3751,1901,1301,1391,1731,337
TOTAL ASSETS:2,9532,7632,5302,6022,3922,3992,730
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:505491389393340356197
Accounts payable268198218228177180197
Accrued liabilities9020292819010688
Employee-related liabilities138847984727088
Interest and dividends payable108     
Other undisclosed accounts payable and accrued liabilities      (176)
Deferred revenue130 
Debt38231112233
Other undisclosed current liabilities  8989167
Total current liabilities:673514409403350367397
Noncurrent Liabilities
Long-term debt and lease obligation809851742754755764767
Long-term debt, excluding current maturities728765742754755764767
Operating lease, liability8086
Liabilities, other than long-term debt263242244294305304244
Deferred compensation liability, classified45454649444848
Deferred tax liabilities, net43353636 
Deferred income tax liabilities4248
Liability, pension and other postretirement and postemployment benefits119140144190209179150
Other liabilities5991021154046
Other undisclosed noncurrent liabilities      72
Total noncurrent liabilities:1,0721,0939861,0471,0591,0681,082
Total liabilities:1,7451,6071,3951,4501,4091,4341,479
Stockholders' equity
Stockholders' equity attributable to parent1,1821,1111,0601,1139439181,202
Common stock28282828282828
Treasury stock, value(781)(744)(693)(590)(613)(572)(410)
Additional paid in capital0      
Accumulated other comprehensive loss(310)(313)(303)(279)(346)(267)(134)
Retained earnings2,2452,1412,0281,9541,8751,7301,719
Stockholders' equity attributable to noncontrolling interest26457639394749
Total stockholders' equity:1,2081,1571,1361,1529839651,250
TOTAL LIABILITIES AND EQUITY:2,9532,7632,5302,6022,3922,3992,730

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
Revenues2,8952,7672,7572,7462,5222,6193,123
Revenue, net2,7462,5222,6193,123
Cost of revenue
(Cost of Goods and Services Sold)
(2,130)(2,074)(2,099)(2,064)(1,865)(1,998)(2,315)
Gross profit:766692658682656621808
Operating expenses(540)(455)(440)(415)(413)(447)(483)
Other undisclosed operating income (loss)  (16)  (42)33
Operating income:226238202266244132358
Nonoperating expense(33)(28)(59)(38)(23)(39)(74)
Investment income, nonoperating510553326
Other nonoperating income (expense)32 2183(4)
Interest and debt expense(41)(40)(44)(45)(44)(45)(37)
Other undisclosed income from continuing operations before equity method investments, income taxes41404445444537
Income from continuing operations before equity method investments, income taxes:19321014322822093284
Income (loss) from equity method investments     (0)0
Income from continuing operations before income taxes:19321014322822093284
Income tax expense(50)(50)(43)(106)(42)(47)(95)
Income before gain (loss) on sale of properties:14315910012217845189
Other undisclosed net loss(1)      
Net income:14215910012217845189
Net loss attributable to noncontrolling interest(1)(6)(6)(6)(5)(5)(5)
Net income available to common stockholders, diluted:1411549411617340184

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:14215910012217845189
Other comprehensive income (loss)6(10)(22)67(78)(137)(90)
Comprehensive income (loss):14814979189100(92)100
Comprehensive loss, net of tax, attributable to noncontrolling interest(3)(6)(9)(6)(6)(1)(3)
Comprehensive income (loss), net of tax, attributable to parent:1441447018494(93)97

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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