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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 6401,142863559412
Cash and cash equivalents 5041,142863515412
Short-term investments 1361 44 
Receivables 656716612511498
Inventory, net of allowances, customer advances and progress billings 31930020620182
Inventory 31930020620182
Income taxes receivable4
Other current assets 97774710458
Other undisclosed current assets 8615914612129
Total current assets: 1,7972,3941,8741,3861,183
Noncurrent Assets
Property, plant and equipment 554522409398425
Long-term investments and receivables 107212520
Long-term investments 107212520
Intangible assets, net (including goodwill) 1,0561,101478441499
Goodwill 809835399378421
Intangible assets, net (excluding goodwill) 247267796378
Other noncurrent assets 8588666038
Other undisclosed noncurrent assets 237211209281269
Total noncurrent assets: 1,9421,9291,1821,2041,250
TOTAL ASSETS: 3,7394,3233,0562,5902,433
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 461545383327284
Accounts payable 233258172160121
Accrued liabilities 7482696259
Employee-related liabilities 111130102105104
Taxes payable 447440 0
Debt  387058
Other undisclosed current liabilities 135142148133126
Total current liabilities: 5961,073531465418
Noncurrent Liabilities
Long-term debt and lease obligation 8451,023959499307
Long-term debt, excluding current maturities 8451,023959499307
Liabilities, other than long-term debt 1,0321,026799790224
Accounts payable and accrued liabilities 157167316 
Accrued income taxes49
Deferred tax liabilities, net7575139137129
Liability, pension and other postretirement and postemployment benefits 716701591553 
Other liabilities 8483678446
Other undisclosed noncurrent liabilities     595
Total noncurrent liabilities: 1,8772,0491,7581,2891,126
Total liabilities: 2,4733,1222,2891,7541,544
Stockholders' equity
Stockholders' equity attributable to parent 1,1771,121701787842
Common stock 11111
Treasury stock, value (2,159)(1,861)(1,744)(1,497)(1,248)
Additional paid in capital 899883861853828
Accumulated other comprehensive loss (524)(465)(577)(508)(403)
Retained earnings 2,9612,5632,1611,9391,663
Stockholders' equity attributable to noncontrolling interest 8880665047
Total stockholders' equity: 1,2651,201767836889
TOTAL LIABILITIES AND EQUITY: 3,7394,3233,0562,5902,433

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 3,8313,3042,8102,6282,851
Revenue, net3,3042,8102,6282,851
Cost of revenue (2,659)(2,290)(1,936)(1,842)(1,982)
Cost of goods and services sold (2,659)(2,290)(1,936)(1,842)(1,979)
Other undisclosed gross profit     2
Gross profit: 1,1731,014874786872
Operating expenses (660)(579)(518)(515)(564)
Other operating income, net 0    
Other undisclosed operating income     23
Operating income: 513435356271331
Nonoperating income (expense) (40)(37)123
Foreign currency transaction gain, before tax 2   1
Other nonoperating income (expense) (42)(37)122
Interest and debt expense (3)(23)(18)(8) 
Income from continuing operations before equity method investments, income taxes: 470375339265334
Income from equity method investments 123253224
Other undisclosed income (loss) from continuing operations before income taxes (7)25551(1)
Income from continuing operations before income taxes: 464653369298357
Income tax expense (49)(230)(122)(12)(56)
Net income: 414423247286301
Net loss attributable to noncontrolling interest (20)(17)(24)(11)(10)
Net income available to common stockholders, diluted: 394406223275292

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income: 414423247286301
Other comprehensive income (loss) (65)116(71)(107) 
Other undisclosed comprehensive loss     (281)
Comprehensive income: 34953917717921
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (14)(20)(23)(9)8
Other undisclosed comprehensive loss, net of tax, attributable to parent     (17)
Comprehensive income, net of tax, attributable to parent: 33551915417012

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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