Wabco Holdings Inc. (WBC) financial statements (2021 and earlier)

Company profile

Business Address 1220 PACIFIC DRIVE
AUBURN HILLS, MI 48326-3511
State of Incorp. DE
Fiscal Year End December 31
SIC 3711 - Motor Vehicles and Passenger Car Bodies (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 investments9596401,142863559412528
Cash and cash equivalents8925041,142863515412473
Short-term investments681361 44 55
Receivables558656716612511498398
Inventory, net of allowances, customer advances and progress billings2933193002062018284
Inventory2933193002062018284
Income taxes receivable4 
Other current assets1049777471045857
Other undisclosed current assets 8615914612129168
Total current assets:1,9141,7972,3941,8741,3861,1831,235
Noncurrent Assets
Operating lease, right-of-use asset101
Property, plant and equipment593554522409398425423
Long-term investments and receivables1210721252020
Long-term investments1210721252020
Intangible assets, net (including goodwill)1,0291,0561,101478441499426
Goodwill803809835399378421381
Intangible assets, net (excluding goodwill)22724726779637844
Other noncurrent assets113858866603841
Other undisclosed noncurrent assets275237211209281269249
Total noncurrent assets:2,1231,9421,9291,1821,2041,2501,158
TOTAL ASSETS:4,0373,7394,3233,0562,5902,4332,393
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities398461545383327284331
Accounts payable185233258172160121149
Accrued liabilities69748269625959
Employee-related liabilities108111130102105104119
Taxes payable36447440 04
Debt28 38705840
Other undisclosed current liabilities146135142148133126115
Total current liabilities:5725961,073531465418485
Noncurrent Liabilities
Long-term debt and lease obligation9038451,02395949930747
Long-term debt, excluding current maturities8288451,02395949930747
Operating lease, liability74
Liabilities, other than long-term debt1,0761,0321,026799790224224
Accounts payable and accrued liabilities177157167316  
Accrued income taxes4945
Deferred tax liabilities, net7575139137129120
Liability, pension and other postretirement and postemployment benefits822716701591553 
Other liabilities77848367844659
Other undisclosed noncurrent liabilities51    595439
Total noncurrent liabilities:2,0301,8772,0491,7581,2891,126710
Total liabilities:2,6012,4733,1222,2891,7541,5441,195
Stockholders' equity
Stockholders' equity attributable to parent1,3401,1771,1217017878421,153
Common stock1111111
Treasury stock, value(2,186)(2,159)(1,861)(1,744)(1,497)(1,248)(897)
Additional paid in capital902899883861853828800
Accumulated other comprehensive loss(589)(524)(465)(577)(508)(403)(123)
Retained earnings3,2122,9612,5632,1611,9391,6631,372
Stockholders' equity attributable to noncontrolling interest96888066504745
Total stockholders' equity:1,4361,2651,2017678368891,197
TOTAL LIABILITIES AND EQUITY:4,0373,7394,3233,0562,5902,4332,393

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
Revenues3,4213,8313,3042,8102,6282,8512,721
Revenue, net3,3042,8102,6282,8512,721
Cost of revenue(2,429)(2,659)(2,290)(1,936)(1,842)(1,982)(1,913)
Cost of goods and services sold(2,429)(2,659)(2,290)(1,936)(1,842)(1,979)(1,911)
Other undisclosed gross profit     22
Gross profit:9921,1731,014874786872809
Operating expenses(656)(660)(579)(518)(515)(564)(488)
Other operating income, net20     
Other undisclosed operating income     2310
Operating income:337513435356271331332
Nonoperating income (expense)(27)(40)(37)1239
Foreign currency transaction gain (loss), before tax(0)2   12
Other nonoperating income (expense)(26)(42)(37)1227
Interest and debt expense(10)(3)(23)(18)(8)  
Income from continuing operations before equity method investments, income taxes:301470375339265334341
Income from equity method investments212325322418
Other undisclosed income (loss) from continuing operations before income taxes10(7)25551(1)282
Income from continuing operations before income taxes:313464653369298357641
Income tax expense (benefit)(53)(49)(230)(122)(12)(56)21
Net income:259414423247286301662
Net loss attributable to noncontrolling interest(14)(20)(17)(24)(11)(10)(9)
Net income available to common stockholders, diluted:246394406223275292653

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:259414423247286301662
Other comprehensive income (loss)(58)(65)116(71)(107)  
Other undisclosed comprehensive loss     (281)(6)
Comprehensive income:20234953917717921656
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(12)(14)(20)(23)(9)84
Other undisclosed comprehensive loss, net of tax, attributable to parent     (17)(7)
Comprehensive income, net of tax, attributable to parent:19033551915417012652

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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