Veoneer, Inc. (VNE) financial statements (2021 and earlier)
Company profile
| Business Address |
26545 AMERICAN DRIVE SOUTHFIELD, MI 48034 |
| State of Incorp. | |
| 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 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 758 | 859 | 869 | ||
| Cash and cash equivalents | 758 | 859 | 864 | ||
| Short-term investments | 5 | ||||
| Receivables | 292 | 253 | 376 | ||
| Inventory, net of allowances, customer advances and progress billings | 134 | 144 | 172 | ||
| Inventory | 134 | 144 | 172 | ||
| Assets held-for-sale, not part of disposal group | 317 | ||||
| Other current assets | 15 | 18 | 22 | ||
| Other undisclosed current assets | 45 | 58 | 104 | ||
| Total current assets: | 1,244 | 1,649 | 1,543 | ||
| Noncurrent Assets | |||||
| Finance lease, right-of-use asset | 52 | ✕ | |||
| Operating lease, right-of-use asset | 89 | ✕ | |||
| Property, plant and equipment | 473 | 499 | |||
| Long-term investments and receivables | 153 | 96 | 9 | ||
| Long-term investments | 153 | 96 | 8 | ||
| Due from related parties | 1 | ||||
| Intangible assets, net (including goodwill) | 338 | 307 | 393 | ||
| Goodwill | 317 | 290 | 291 | ||
| Intangible assets, net (excluding goodwill) | 21 | 17 | 102 | ||
| Contract with customer, asset, net | 81 | ||||
| Deferred income tax assets | 6 | ✕ | |||
| Other noncurrent assets | 27 | 111 | 77 | ||
| Other undisclosed noncurrent assets | 379 | 26 | 111 | ||
| Total noncurrent assets: | 1,044 | 1,094 | 1,089 | ||
| TOTAL ASSETS: | 2,288 | 2,743 | 2,632 | ||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities | 514 | 432 | 571 | ||
| Accounts payable | 257 | 233 | 369 | ||
| Accrued liabilities | 232 | 192 | 193 | ||
| Taxes payable | 25 | 7 | 9 | ||
| Debt | 3 | ||||
| Due to related parties | 16 | 1 | 1 | ||
| Other liabilities | 55 | 38 | 47 | ||
| Other undisclosed current liabilities | 2 | 117 | 17 | ||
| Total current liabilities: | 587 | 591 | 636 | ||
| Noncurrent Liabilities | |||||
| Long-term debt and lease obligation | 287 | 160 | |||
| Long-term debt, excluding current maturities | 170 | 160 | |||
| Finance lease, liability | 46 | ✕ | |||
| Operating lease, liability | 71 | ✕ | |||
| Liabilities, other than long-term debt | 175 | 46 | 58 | ||
| Deferred income tax liabilities | 12 | ✕ | |||
| Liability, pension and other postretirement and postemployment benefits | 20 | 17 | 20 | ||
| Due to related parties | 115 | 13 | |||
| Other liabilities | 28 | 29 | 25 | ||
| Other undisclosed noncurrent liabilities | 128 | 12 | |||
| Total noncurrent liabilities: | 462 | 334 | 70 | ||
| Other undisclosed liabilities | (1) | ||||
| Total liabilities: | 1,049 | 925 | 705 | ||
| Stockholders' equity | |||||
| Stockholders' equity attributable to parent, including: | 1,239 | 1,729 | 1,826 | ||
| Common stock | 111 | 111 | 87 | ||
| Additional paid in capital | 2,349 | 2,343 | 1,938 | ||
| Accumulated other comprehensive income (loss) | 5 | (44) | (19) | ||
| Accumulated deficit | (1,226) | (681) | (181) | ||
| Other undisclosed stockholders' equity attributable to parent | 1 | ||||
| Stockholders' equity attributable to noncontrolling interest | 89 | 101 | |||
| Total stockholders' equity: | 1,239 | 1,818 | 1,927 | ||
| TOTAL LIABILITIES AND EQUITY: | 2,288 | 2,743 | 2,632 | ||
Income statement (P&L) ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|
| Revenues | 1,373 | 1,902 | 2,228 | |
| Cost of revenue (Cost of Goods and Services Sold) | (1,191) | (1,591) | (1,798) | |
| Gross profit: | 182 | 311 | 430 | |
| Operating expenses | (171) | (209) | (179) | |
| Other operating income, net | 29 | 18 | ||
| Other undisclosed operating loss | (407) | (562) | (466) | |
| Operating loss: | (367) | (460) | (197) | |
| Nonoperating income (expense) | (86) | 21 | 7 | |
| Investment income, nonoperating | (82) | 20 | 7 | |
| Interest and debt expense | (20) | (12) | (1) | |
| Loss from continuing operations before equity method investments, income taxes: | (473) | (451) | (191) | |
| Loss from equity method investments | (39) | (70) | (63) | |
| Other undisclosed income from continuing operations before income taxes | 1 | |||
| Loss from continuing operations before income taxes: | (512) | (521) | (253) | |
| Income tax expense | (32) | (1) | (42) | |
| Loss before gain (loss) on sale of properties: | (544) | (522) | (295) | |
| Other undisclosed net income | 1 | |||
| Net loss: | (544) | (522) | (294) | |
| Net income (loss) attributable to noncontrolling interest | (1) | 22 | 19 | |
| Other undisclosed net loss attributable to parent | (1) | |||
| Net loss available to common stockholders, diluted: | (545) | (500) | (276) | |
Comprehensive Income ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|
| Net loss: | (544) | (522) | (294) | |
| Other comprehensive income (loss) | 46 | (25) | (10) | |
| Comprehensive loss: | (498) | (547) | (304) | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (2) | 22 | 19 | |
| Comprehensive loss, net of tax, attributable to parent: | (500) | (525) | (285) | |
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.