Financial Overview - Annual Balance Sheet

  Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Update) Year Ending Dec 2016 (Update)
Cash & Equivalents 606.82 634.90 368.05 323.99
Cash and Short Term Investments 606.82 634.90 368.05 323.99
Accounts Receivable - Trade, Gross 884.43 946.94 677.06 560.65
Provision for Doubtful Accounts -8.23 -9.17 -13.39 -10.00
Accounts Receivable - Trade, Net 876.20 937.77 663.66 550.66
Total Receivables, Net 876.20 937.77 663.66 550.66
Inventories - Finished Goods 513.47 460.80 306.88 289.60
Inventories - Work In Progress 44.53 48.82 16.43 13.79
Inventories - Raw Materials 565.07 568.92 326.14 288.63
Total Inventory 1,123.07 1,078.54 649.45 592.02
Prepaid Expenses 315.76 270.89 210.25 120.51
Restricted Cash - Current 17.12 13.63 0.00 0.00
Deferred Income Tax - Current Asset 0.00 0.00 0.00 0.00
Other Current Assets 3.58 6.14 5.14 21.84
Other Current Assets, Total 20.70 19.77 5.14 21.84
Total Current Assets 2,942.54 2,941.86 1,896.54 1,609.01
Buildings - Gross 831.58 760.78 560.94 519.95
Land/Improvements - Gross 73.17 75.53 39.01 36.37
Machinery/Equipment - Gross 1,366.04 1,342.88 1,162.16 1,052.11
Construction in Progress - Gross 188.12 133.87 141.76 122.75
Other Property/Plant/Equipment - Gross 524.52 179.88 186.89 182.15
Property/Plant/Equipment, Total - Gross 2,983.43 2,492.94 2,090.76 1,913.33
Accumulated Depreciation, Total -1,303.85 -1,251.79 -1,210.18 -1,137.62
Property/Plant/Equipment, Total - Net 1,679.58 1,241.15 880.58 775.72
Goodwill, Net 5,497.60 5,378.39 1,156.29 1,000.12
Intangibles - Gross 3,341.03 3,331.21 633.08 545.96
Accumulated Intangible Amortization -489.10 -291.89 -217.29 -180.18
Intangibles, Net 2,851.94 3,039.32 415.79 365.78
Pension Benefits - Overfunded 85.66 0.00 0.00 0.00
Deferred Income Tax - Long Term Asset 125.55 0.00 99.78 138.64
Other Long Term Assets 104.55 288.67 149.95 127.71
Other Long Term Assets, Total 315.75 288.67 249.73 266.35
Total Assets 13,287.41 12,889.40 4,598.93 4,016.98
Accounts Payable 510.37 471.38 338.19 274.82
Accrued Expenses 255.50 236.86 172.16 107.73
Notes Payable/Short Term Debt 0.00 0.00 0.00 0.00
Current Portion of Long Term Debt/Capital Leases 386.89 48.64 6.97 258.52
Dividends Payable 80.04 77.78 54.42 50.68
Income Taxes Payable 42.14 24.36 22.19 0.00
Other Current Liabilities 277.25 269.29 174.84 206.56
Other Current liabilities, Total 399.43 371.43 251.45 257.24
Total Current Liabilities 1,552.19 1,128.31 768.77 898.30
Long Term Debt 3,997.44 4,504.42 1,632.19 1,066.86
Capital Lease Obligations 2.53 0.00 0.00 0.00
Total Long Term Debt 3,999.96 4,504.42 1,632.19 1,066.86
Total Debt 4,386.85 4,553.06 1,639.15 1,325.37
Deferred Income Tax - Long Term Liability 641.46 655.88 0.00 0.00
Deferred Income Tax 641.46 655.88 0.00 0.00
Minority Interest 111.29 92.23 5.09 4.89
Pension Benefits - Underfunded 265.37 227.17 228.94 243.41
Other Long Term Liabilities 499.84 248.44 279.74 177.29
Other Liabilities, Total 765.21 475.61 508.68 420.70
Total Liabilities 7,070.11 6,856.44 2,914.72 2,390.74
Common Stock 16.07 16.07 14.47 14.47
Common Stock, Total 16.07 16.07 14.47 14.47
Additional Paid-In Capital 3,823.15 3,793.61 162.83 152.48
Retained Earnings (Accumulated Deficit) 4,117.80 3,956.22 3,870.62 3,818.54
Treasury Stock - Common -1,022.82 -1,030.72 -1,726.23 -1,679.15
Cumulative Translation Adjustment -373.04 -397.00 -297.42 -352.03
Minimum Pension Liability Adjustment -345.92 -309.98 -329.73 -335.67
Other Comprehensive Income 2.07 4.75 -10.33 7.60
Other Equity, Total -716.89 -702.23 -637.48 -680.10
Total Equity 6,217.30 6,032.95 1,684.20 1,626.24
Total Liabilities & Shareholders' Equity 13,287.41 12,889.40 4,598.93 4,016.98
Shares Outstanding – Common Stock Primary Issue 106.79 106.62 78.95 79.21
Total Common Shares Outstanding 106.79 106.62 78.95 79.21
Treasury Shares – Common Primary Issue 21.74 21.91 36.91 36.65
Employees 13,600.00 13,000.00 7,300.00 6,900.00
Number of Common Shareholders 1,555.00 1,276.00 1,735.00 1,878.00
Accumulated Intangible Amortization 489.10 291.89 217.29 180.18
Deferred Revenue - Long Term 0.00 31.37 37.34 39.82
Total Current Assets less Inventory 1,819.48 1,863.32 1,247.10 1,017.00
Quick Ratio 1.17 1.65 1.62 1.13
Current Ratio 1.90 2.61 2.47 1.79
Net Debt 3,891.32 4,010.39 1,276.20 1,006.27
Tangible Book Value -2,132.23 -2,384.76 112.13 260.34
Tangible Book Value per Share -19.97 -22.37 1.42 3.29
Total Long Term Debt, Supplemental 4,417.00 4,595.00 1,644.00 1,321.00
Long Term Debt Maturing within 1 Year 382.00 45.00 0.00 250.00
Long Term Debt Maturing in Year 2 289.00 537.00 50.00 50.00
Long Term Debt Maturing in Year 3 289.00 537.00 50.00 50.00
Long Term Debt Maturing in Year 4 430.00 150.00 25.00 0.00
Long Term Debt Maturing in Year 5 430.00 150.00 25.00 0.00
Long Term Debt Maturing in 2-3 Years 578.00 1,074.00 100.00 100.00
Long Term Debt Maturing in 4-5 Years 860.00 300.00 50.00 0.00
Long Term Debt Maturing in Year 6 & Beyond 2,597.00 3,176.00 1,494.00 971.00
Interest Costs -0.17 0.00 0.00 0.00
Total Capital Leases 4.46 0.00 0.00 0.00
Capital Lease Payments Due in Year 1 2.04 0.00 0.00 0.00
Capital Lease Payments Due in Year 2 1.04 0.00 0.00 0.00
Capital Lease Payments Due in Year 3 1.04 0.00 0.00 0.00
Capital Lease Payments Due in Year 4 0.24 0.00 0.00 0.00
Capital Lease Payments Due in Year 5 0.24 0.00 0.00 0.00
Capital Lease Payments Due in 2-3 Years 2.07 0.00 0.00 0.00
Capital Lease Payments Due in 4-5 Years 0.49 0.00 0.00 0.00
Capital Lease Payments Due in Year 6 & Beyond 0.03 0.00 0.00 0.00
Total Operating Leases 291.11 389.70 283.60 254.80
Operating Lease Payments Due in Year 1 49.20 49.30 36.20 32.60
Operating Lease Payments Due in Year 2 40.91 42.20 33.90 27.20
Operating Lease Payments Due in Year 3 40.91 36.40 30.80 25.40
Operating Lease Payments Due in Year 4 30.24 32.20 29.30 24.20
Operating Lease Payments Due in Year 5 30.24 0.00 0.00 0.00
Operating Lease Payments Due in 2-3 Years 81.83 78.60 64.70 52.60
Operating Lease Payments Due in 4-5 Years 60.49 32.20 29.30 24.20
Standardized Operating Lease Payments Due in Year 6 and Beyond 99.59 229.60 153.40 145.40
Pension Obligation - Domestic 620.65 562.04 602.78 577.33
Pension Obligation - Foreign 1,099.08 957.94 973.06 895.57
Plan Assets - Domestic 602.41 532.38 581.92 525.96
Plan Assets - Foreign 1,005.28 896.78 929.81 792.14
Funded Status - Domestic -18.25 -29.66 -20.87 -51.37
Funded Status - Foreign -93.80 -61.15 -43.25 -103.43
Accumulated Obligation - Domestic 620.65 562.04 600.63 574.61
Accumulated Obligation - Foreign 1,099.08 957.94 941.16 865.59
Unfunded Plan Obligations 64.17 59.63 82.71 79.85
Total Funded Status -176.22 -150.44 -146.83 -234.64
Discount Rate - Domestic 3.26 4.31 3.68 4.20
Discount Rate - Foreign 1.50 2.22 2.15 2.14
Discount Rate - Post-Retirement 4.31 3.69 4.19 4.20
Compensation Rate - Domestic 3.25 3.25 3.25 3.25
Compensation Rate - Foreign 2.48 1.91 1.98 1.97
Prepaid Benefits - Domestic 35.24 20.95 33.16 4.34
Prepaid Benefits - Foreign 50.42 54.43 38.10 0.00
Accrued Liabilities - Domestic -53.49 -50.61 -54.03 -55.71
Accrued Liabilities - Foreign -144.22 -115.59 -81.35 -103.43
Other Assets, Net - Domestic 142.94 151.54 137.08 154.56
Other Assets, Net - Foreign 373.90 317.22 331.28 332.26
Other Assets, Net - Post-Retirement -11.70 -20.56 -4.52 -12.33
Net Assets Recognized on Balance Sheet 393.09 357.38 399.73 319.70
Equity % - Domestic 13.00 25.00 28.00 36.00
Equity % - Foreign 14.00 12.00 27.00 27.00
Debt Securities % - Domestic 86.00 74.00 71.00 64.00
Debt Securities % - Foreign 37.00 36.00 40.00 56.00
Real Estate % - Foreign 8.00 8.00 4.00 5.00
Other Investments % - Domestic 1.00 1.00 1.00 0.00
Other Investments % - Foreign 41.00 44.00 29.00 12.00
Total Plan Obligations 1,783.91 1,579.60 1,658.56 1,552.74
Total Plan Assets 1,607.69 1,429.16 1,511.73 1,318.10
For a more complete picture of our financial results, please review our SEC Filings

In millions of USD (except for per share items)

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