Veoneer, Inc. (VNE) financial statements (2021 and earlier)

Company profile

Business Address 26545 AMERICAN DRIVE
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)

Current Assets
Cash, cash equivalents, and short-term investments758859869
Cash and cash equivalents758859864
Short-term investments  5
Inventory, net of allowances, customer advances and progress billings134144172
Assets held-for-sale, not part of disposal group 317 
Other current assets151822
Other undisclosed current assets4558104
Total current assets:1,2441,6491,543
Noncurrent Assets
Finance lease, right-of-use asset52 
Operating lease, right-of-use asset89 
Property, plant and equipment 473499
Long-term investments and receivables153969
Long-term investments153968
Due from related parties  1
Intangible assets, net (including goodwill)338307393
Intangible assets, net (excluding goodwill)2117102
Contract with customer, asset, net 81 
Deferred income tax assets6 
Other noncurrent assets2711177
Other undisclosed noncurrent assets37926111
Total noncurrent assets:1,0441,0941,089
TOTAL ASSETS:2,2882,7432,632
Current Liabilities
Accounts payable and accrued liabilities514432571
Accounts payable257233369
Accrued liabilities232192193
Taxes payable2579
Debt 3 
Due to related parties1611
Other liabilities553847
Other undisclosed current liabilities211717
Total current liabilities:587591636
Noncurrent Liabilities
Long-term debt and lease obligation287160 
Long-term debt, excluding current maturities170160 
Finance lease, liability46 
Operating lease, liability71 
Liabilities, other than long-term debt1754658
Deferred income tax liabilities12 
Liability, pension and other postretirement and postemployment benefits201720
Due to related parties115 13
Other liabilities282925
Other undisclosed noncurrent liabilities 12812
Total noncurrent liabilities:46233470
Other undisclosed liabilities  (1)
Total liabilities:1,049925705
Stockholders' equity
Stockholders' equity attributable to parent, including:1,2391,7291,826
Common stock11111187
Additional paid in capital2,3492,3431,938
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 89101
Total stockholders' equity:1,2391,8181,927

Income statement (P&L) ($ in millions)

Cost of revenue
(Cost of Goods and Services Sold)
Gross profit:182311430
Operating expenses(171)(209)(179)
Other operating income, net29 18
Other undisclosed operating loss(407)(562)(466)
Operating loss:(367)(460)(197)
Nonoperating income (expense)(86)217
Investment income, nonoperating(82)207
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)2219
Other undisclosed net loss attributable to parent  (1)
Net loss available to common stockholders, diluted:(545)(500)(276)

Comprehensive Income ($ in millions)

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)2219
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.

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