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)

12/31/2020
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 investments599604581233398226426
Cash and cash equivalents599604581233398226426
Restricted cash and investments  1,761    
Receivables9691,6641,1471,167943599631
Inventory, net of allowances, customer advances and progress billings1,6421,773845743659479511
Inventory1,6421,773845743659479511
Contract with customer, asset443514 
Other current assets2271511161221233426
Other undisclosed current assets (514)  74527544
Total current assets:3,8804,1924,4502,2652,8681,6121,638
Noncurrent Assets
Property, plant and equipment1,6021,656564574518353339
Intangible assets, net (including goodwill)12,35412,4653,5263,6653,1331,2991,285
Goodwill8,4858,3612,3972,4602,079859862
Intangible assets, net (excluding goodwill)3,8694,1041,1301,2041,054441423
Deferred costs      25
Other noncurrent assets61963210976623642
Other undisclosed noncurrent assets      (25)
Total noncurrent assets:14,57514,7524,2004,3153,7131,6881,666
TOTAL ASSETS:18,45518,9448,6496,5806,5813,3003,304
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,1362,5581,2091,1561,060558625
Accounts payable9091,158589553530320400
Accrued liabilities9851,057446440384168155
Employee-related liabilities2423441731641457071
Deferred revenue643604
Debt44796644713001
Derivative instruments and hedges, liabilities      3
Provision for loss on contracts      7
Customer advances and deposits370257106112
Contract with customer, liability374
Other undisclosed current liabilities    00(10)
Total current liabilities:3,2263,2581,6471,5731,447665739
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,7924,3343,7931,8231,763695520
Long-term debt, excluding current maturities3,7924,334     
Other undisclosed long-term debt and lease obligation  3,7931,8231,763695520
Liabilities, other than long-term debt, including:1,2831,359341355394238235
Accounts payable and accrued liabilities2182921816161920
Deferred revenue 77
Contract with customer, liability16
Deferred tax liabilities, net  246140113
Deferred income tax liabilities168145
Liability, pension and other postretirement and postemployment benefits114113951041115682
Other liabilities7838092960222321
Other undisclosed liabilities, other than long-term debt (77)182176   
Other undisclosed noncurrent liabilities    (1,762)11
Total noncurrent liabilities:5,0765,6934,1332,178395934757
Other undisclosed liabilities    1,763  
Total liabilities:8,3028,9515,7803,7513,6041,5991,496
Stockholders' equity
Stockholders' equity attributable to parent10,1229,9572,8652,8092,2061,7001,807
Common stock2211111
Treasury stock, value(1,010)(807)(816)(827)(839)(775)(392)
Additional paid in capital7,8817,877915907870469449
Accumulated other comprehensive loss(339)(383)(257)(45)(380)(277)(159)
Retained earnings3,5893,2673,0222,7732,5532,2811,909
Stockholders' equity attributable to noncontrolling interest303742077121
Total stockholders' equity:10,1539,9942,8692,8292,9771,7011,808
TOTAL LIABILITIES AND EQUITY:18,45518,9448,6496,5806,5813,3003,304

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
Revenues7,5568,2004,3643,8822,9313,3083,044
Revenue, net3,8822,9313,3083,044
Cost of revenue
(Cost of Goods and Services Sold)
(5,419)(5,922)(3,130)(2,816)(2,007)(2,260)(2,108)
Gross profit:2,1372,2781,2341,0659241,048936
Operating expenses(1,393)(1,615)(760)(644)(466)(440)(409)
Operating income:745663473422458608527
Nonoperating income (expense)1236(1)(3)(5)(2)
Foreign currency transaction loss, before tax(8)(14)(6)(7)(4)(5)(2)
Other nonoperating income (expense)0(2)131(1)1
Other undisclosed loss from continuing operations before equity method investments, income taxes    (43)(17)(18)
Income from continuing operations before equity method investments, income taxes:756666480421413585508
Income from equity method investments10823   
Other undisclosed loss from continuing operations before income taxes(209)(227)(114)(71)   
Income from continuing operations before income taxes:557447368352413585508
Income tax expense(145)(120)(76)(90)(99)(187)(156)
Net income:412327292262313399352
Net income (loss) attributable to noncontrolling interest203(0)(9)  
Net income attributable to parent:414327295262305399352
Preferred stock dividends and other adjustments (0)     
Net income available to common stockholders, basic:414326295262305399352
Other undisclosed net loss available to common stockholders, diluted(1)(1)     
Net income available to common stockholders, diluted:413326295262305399352

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:412327292262313399352
Other comprehensive income (loss)44(126)(212)335(103)(117)(125)
Comprehensive income:45620180597211281227
Comprehensive income (loss), net of tax, attributable to noncontrolling interest203(0)(9)  
Comprehensive income, net of tax, attributable to parent:45820183597202281227

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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