Westinghouse Air Brake Technologies Corporation (WAB) Financial Statements (2024 and earlier)

Company Profile

Business Address 30 ISABELLA STREET
PITTSBURGH, PA 15212
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3743 - Railroad Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  473599604581233
Cash and cash equivalents  473599604581233
Restricted cash and investments     1,761 
Receivables1,0551,0859691,6641,1471,167
Inventory, net of allowances, customer advances and progress billings2,0341,6891,6421,773845743
Inventory2,0341,6891,6421,773845743
Contract with customer, asset, after allowance for credit loss544392443514 
Other current assets233193227151116122
Other undisclosed current assets461  (514)  
Total current assets:4,3273,8323,8804,1924,4502,265
Noncurrent Assets
Property, plant and equipment1,4291,4971,6021,656564574
Intangible assets, net (including goodwill)11,91012,29212,35412,4653,5263,665
Goodwill8,5088,5878,4858,3612,3972,460
Intangible assets, net (excluding goodwill)3,4023,7053,8694,1041,1301,204
Other noncurrent assets85083361963210976
Total noncurrent assets:14,18914,62214,57514,7524,2004,315
TOTAL ASSETS:18,51618,45418,45518,9448,6496,580
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,4442,2792,1362,5581,2091,156
Employee-related liabilities335242344173164
Accounts payable1,3011,0129091,158589553
Accrued liabilities1,1439329851,057446440
Deferred revenue772629643604
Debt2512447966447
Customer advances and deposits370
Contract with customer, liability374
Total current liabilities:3,4672,9103,2263,2581,6471,573
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,7514,0563,7924,3343,7931,823
Long-term debt, excluding current maturities3,7514,0563,7924,334  
Other undisclosed long-term debt and lease obligation     3,7931,823
Liabilities, other than long-term debt, including:1,1511,2491,2831,359341355
Accounts payable and accrued liabilities   2182921816
Deferred revenue    77
Contract with customer, liability16
Deferred income tax liabilities326288168145
Liability, pension and other postretirement and postemployment benefits577711411395104
Other liabilities7217437838092960
Business combination, contingent consideration, liability47141    
Other undisclosed liabilities, other than long-term debt    (77)182176
Total noncurrent liabilities:4,9025,3055,0765,6934,1332,178
Total liabilities:8,3698,2158,3028,9515,7803,751
Equity
Equity, attributable to parent10,10210,20110,1229,9572,8652,809
Common stock222211
Treasury stock, value(1,769)(1,306)(1,010)(807)(816)(827)
Additional paid in capital7,9537,9167,8817,877915907
Accumulated other comprehensive loss(661)(466)(339)(383)(257)(45)
Retained earnings4,5774,0553,5893,2673,0222,773
Equity, attributable to noncontrolling interest45383037420
Total equity:10,14710,23910,1539,9942,8692,829
TOTAL LIABILITIES AND EQUITY:18,51618,45418,45518,9448,6496,580

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues8,3627,8227,5568,2004,3643,882
Revenue, net3,882
Cost of revenue
(Cost of Goods and Services Sold)
(5,822)(5,453)(5,419)(5,922)(3,130)(2,816)
Gross profit:2,5402,3692,1372,2781,2341,065
Operating expenses(1,529)(1,493)(1,393)(1,615)(760)(644)
Operating income:1,011876745663473422
Nonoperating income (expense)29381236(1)
Gain (loss), foreign currency transaction, before tax68(8)(14)(6)(7)
Other nonoperating income (expense)(1)10(2)13
Income from continuing operations before equity method investments, income taxes:1,040914756666480421
Income from equity method investments   10823
Other undisclosed loss from continuing operations before income taxes(186)(177)(209)(227)(114)(71)
Income from continuing operations before income taxes:854737557447368352
Income tax expense(213)(172)(145)(120)(76)(90)
Income from continuing operations:641565412327292262
Income before gain (loss) on sale of properties:565412327292262
Net income:641565412327292262
Net income (loss) attributable to noncontrolling interest(8)(7)203(0)
Net income attributable to parent:633558414327295262
Preferred stock dividends and other adjustments    (0)  
Other undisclosed net loss available to common stockholders, basic  (2)    
Net income available to common stockholders, basic:633556414326295262
Other undisclosed net loss available to common stockholders, diluted   (1)(1)  
Net income available to common stockholders, diluted:633556413326295262

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:641565412327292262
Other comprehensive income (loss)(195)(127)44(126)(212)335
Comprehensive income:44643845620180597
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(8)(7)203(0)
Comprehensive income, net of tax, attributable to parent:43843145820183597

Statements Sources

The financial statements are based on the Company's filings with 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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