Westinghouse Air Brake Technologies Corporation (WAB) financial statements (2021 and earlier)

Company profile

Business Address 30 ISABELLA STREET
PITTSBURGH, PA 15212
State of Incorp. DE
Fiscal Year End December 31
SIC 3743 - Railroad Equipment (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 investments604581233398226426286
Cash and cash equivalents604581233398226426286
Restricted cash and investments 1,761     
Receivables1,6641,1471,167943599631555
Inventory, net of allowances, customer advances and progress billings1,773845743659479511403
Inventory1,773845743659479511403
Contract with customer, asset514 
Other current assets151116122123342639
Other undisclosed current assets(514)  7452754451
Total current assets:4,1924,4502,2652,8681,6121,6381,333
Noncurrent Assets
Property, plant and equipment1,656564574518353339276
Intangible assets, net (including goodwill)12,4653,5263,6653,1331,2991,2851,172
Goodwill8,3612,3972,4602,079859862786
Intangible assets, net (excluding goodwill)4,1041,1301,2041,054441423386
Deferred costs     2519
Other noncurrent assets6321097662364240
Other undisclosed noncurrent assets     (25)(18)
Total noncurrent assets:14,7524,2004,3153,7131,6881,6661,489
TOTAL ASSETS:18,9448,6496,5806,5813,3003,3042,822
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,5581,2091,1561,060558625384
Accounts payable1,158589553530320400327
Accrued liabilities1,057446440384168155 
Employee-related liabilities344173164145707157
Deferred revenue604
Debt966447130010
Derivative instruments and hedges, liabilities     3 
Provision for loss on contracts     714
Customer advances and deposits370257106112
Contract with customer, liability374
Other undisclosed current liabilities   00(10)181
Total current liabilities:3,2581,6471,5731,447665739579
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,3343,7931,8231,763695520450
Long-term debt, excluding current maturities4,334      
Other undisclosed long-term debt and lease obligation 3,7931,8231,763695520450
Liabilities, other than long-term debt, including:1,359341355394238235187
Pension and other postretirement defined benefit plans, liabilities50
Accounts payable and accrued liabilities2921816161920 
Deferred revenue77
Contract with customer, liability16
Deferred tax liabilities, net  246140113114
Deferred income tax liabilities145
Liability, pension and other postretirement and postemployment benefits113951041115682
Other liabilities809296022232122
Other undisclosed liabilities, other than long-term debt(77)182176    
Other undisclosed noncurrent liabilities   (1,762)1119
Total noncurrent liabilities:5,6934,1332,178395934757655
Other undisclosed liabilities   1,763   
Total liabilities:8,9515,7803,7513,6041,5991,4961,235
Stockholders' equity
Stockholders' equity attributable to parent9,9572,8652,8092,2061,7001,8071,585
Common stock2111111
Treasury stock, value(807)(816)(827)(839)(775)(392)(373)
Additional paid in capital7,877915907870469449415
Accumulated other comprehensive loss(383)(257)(45)(380)(277)(159)(35)
Retained earnings3,2673,0222,7732,5532,2811,9091,577
Stockholders' equity attributable to noncontrolling interest37420771212
Total stockholders' equity:9,9942,8692,8292,9771,7011,8081,587
TOTAL LIABILITIES AND EQUITY:18,9448,6496,5806,5813,3003,3042,822

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
Revenues8,2004,3643,8822,9313,3083,0442,566
Revenue, net3,8822,9313,3083,0442,566
Cost of revenue
(Cost of Goods and Services Sold)
(5,922)(3,130)(2,816)(2,007)(2,260)(2,108)(1,802)
Gross profit:2,2781,2341,0659241,048936764
Operating expenses(1,615)(760)(644)(466)(440)(409)(327)
Operating income:663473422458608527437
Nonoperating income (expense)36(1)(3)(5)(2)(1)
Foreign currency transaction loss, before tax(14)(6)(7)(4)(5)(2) 
Other nonoperating income (expense)(2)131(1)1(1)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (43)(17)(18)(15)
Income from continuing operations before equity method investments, income taxes:666480421413585508421
Income from equity method investments823    
Other undisclosed loss from continuing operations before income taxes(227)(114)(71)    
Income from continuing operations before income taxes:447368352413585508421
Income tax expense(120)(76)(90)(99)(187)(156)(129)
Net income:327292262313399352292
Net income (loss) attributable to noncontrolling interest03(0)(9)   
Net income attributable to parent:327295262305399352292
Preferred stock dividends and other adjustments(0)      
Net income available to common stockholders, basic:326295262305399352292
Other undisclosed net loss available to common stockholders, diluted(1)      
Net income available to common stockholders, diluted:326295262305399352292

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:327292262313399352292
Other comprehensive income (loss)(126)(212)335(103)(117)(125)19
Comprehensive income:20180597211281227311
Comprehensive income (loss), net of tax, attributable to noncontrolling interest03(0)(9)   
Comprehensive income, net of tax, attributable to parent:20183597202281227311

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: