Welbilt, Inc. (WBT) financial statements (2021 and earlier)

Company profile

Business Address 2227 WELBILT BOULEVARD
NEW PORT RICHEY, FL 34655
State of Incorp. DE
Fiscal Year End December 31
SIC 358 - Refrigeration And Service Industry Machinery (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments13110212854
Cash and cash equivalents1317012854
Short-term investments 32  
Restricted cash and investments 306
Receivables1841138482
Inventory, net of allowances, customer advances and progress billings186191152146
Inventory186191152146
Disposal group, including discontinued operation   7
Other current assets28321914
Total current assets:529441384308
Noncurrent Assets
Property, plant and equipment128119112109
Intangible assets, net (including goodwill)1,4411,4821,3081,330
Goodwill933936846845
Intangible assets, net (excluding goodwill)508547461484
Other noncurrent assets28333722
Other undisclosed noncurrent assets40   
Total noncurrent assets:1,6361,6351,4571,461
TOTAL ASSETS:2,1652,0751,8401,769
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities188233215180
Accounts payable104151104108
Accrued liabilities38426639
Employee-related liabilities35303130
Taxes payable1110143
Debt11612
Derivative instruments and hedges, liabilities518  
Restructuring reserve6353
Disposal group, including discontinued operation   1
Deferred revenue and credits44
Deferred tax liabilities  3
Customer advances and deposits37
Contract with customer, liability33
Other undisclosed current liabilities12810571114
Total current liabilities:331379298313
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,4031,3221,2321,279
Other undisclosed long-term debt and lease obligation1,4031,3221,2321,279
Liabilities, other than long-term debt80112207268
Accounts payable and accrued liabilities 12  
Deferred tax liabilities, net 91138
Liability for uncertainty in income taxes4   
Liability, pension and other postretirement and postemployment benefits33394895
Restructuring reserve910  
Other liabilities34456736
Derivative instruments and hedges, liabilities 6  
Other undisclosed noncurrent liabilities9876 (47)
Total noncurrent liabilities:1,5811,5101,4391,500
Total liabilities:1,9121,8891,7371,813
Stockholders' equity
Stockholders' equity attributable to parent253186104(44)
Common stock1111
Treasury stock, value(0)(0)(0) 
Additional paid in capital(31)(42)(55)(72)
Accumulated other comprehensive loss(42)(42)(32)(43)
Retained earnings32526818971
Total stockholders' equity:253186104(44)
TOTAL LIABILITIES AND EQUITY:2,1652,0751,8401,769

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues1,5941,5901,4451,457
Revenue, net1,4451,457
Cost of revenue
(Cost of Goods and Services Sold)
(1,027)(1,021)(909)(924)
Gross profit:567569537533
Operating expenses(344)(316)(289)(332)
Other operating expense, net  (9)(9)
Operating income:223254239192
Nonoperating expense
(Other Nonoperating expense)
(6)(30)  
Interest and debt expense(93)(98)(89)(85)
Other undisclosed loss from continuing operations before equity method investments, income taxes(49)(37)(29)(2)
Income from continuing operations before income taxes:7689121105
Income tax expense (benefit)(20)(11)12(25)
Net income available to common stockholders, diluted:567813380

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:567813380
Other comprehensive income  111
Comprehensive income:567814481
Other undisclosed comprehensive income (loss), net of tax, attributable to parent0(10)  
Comprehensive income, net of tax, attributable to parent:566914481

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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