Aerojet Rocketdyne Holdings, Inc. AJRD Balance Sheet

Aerojet rocketdyne holdings, inc. (AJRD)

Balance Sheet / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Nov'15	Aug'15	May'15	Feb'15	Nov'14	Aug'14	May'14	Feb'14	Nov'13	Aug'13	May'13	Feb'13	Nov'12	Aug'12	May'12	Feb'12	Nov'11	Aug'11	Nov'10
ASSETS
Current Assets
Cash and cash equivalents
902	932	797	744	706	735	608	514	432	535	392	413	382	410	129	183	155	208	211	243	253	215	265	154	120	144	197	181	134	140	162	155	150	201	188	237	181
Restricted cash
3	3	5	5	5	5	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	6	-	-	-	-	-	-	-
Marketable securities
-	-	-	-	-	-	3	44	20	20	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	26
Accounts Receivable, after Allowance for Credit Loss, Current
151	112	171	127	146	141	189	134	170	64	283	235	202	136	147	176	182	169	171	189	175	190	170	200	177	186	214	219	142	120	111	113	107	105	107	109	106
Contract assets
278	224	237	246	235	235	195	253	266	268	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventories
-	-	-	-	-	-	-	-	-	-	160	164	160	185	157	164	170	156	157	147	150	161	138	131	131	136	105	127	59	58	46	41	37	46	49	45	51
Recoverable from the U.S. government and other third parties for environmental remediation costs
-	-	-	-	-	-	-	-	-	-	26	25	23	-	26	27	27	24	24	23	23	23	19	20	21	22	20	21	22	23	22	24	22	22	23	37	32
Receivable from Northrop Grumman Corporation (Northrop)
-	-	-	-	-	-	-	-	-	-	6	6	6	-	-	-	-	6	-	-	6	-	-	-	-	-	6	6	6	6	6	6	6	6	6	-	-
Other Assets, Current
137	145	140	118	124	117	126	123	156	129	71	72	96	122	82	91	70	69	64	63	49	43	38	30	24	28	22	21	9	9	16	24	18	18	21	19	25
Grantor trust
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	1
Income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	13	11	11	12	-	2	-	2	1	3	0	5	6	7
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	24	26	36	-	28	14	19	18	19	10	18	19	17	13	-	-	-	-	-	-	-	-	-
Total Current Assets
1,473	1,418	1,351	1,241	1,217	1,234	1,122	1,070	1,045	1,016	940	918	870	854	573	677	649	633	662	687	677	661	660	567	511	554	596	591	385	364	368	366	344	400	400	457	432
Noncurrent Assets
Right-of-use assets
53	48	49	51	53	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	460	460	-	-	-	-	-	-	-
Property, plant and equipment, net
403	409	383	385	392	399	386	357	352	359	349	352	361	366	359	360	359	363	365	351	356	357	366	369	369	372	374	364	155	147	143	133	127	127	126	124	126
Recoverable environmental remediation costs
228	234	240	242	246	251	257	225	228	231	225	229	237	239	241	195	201	207	210	123	76	79	87	89	87	92	88	95	97	102	107	116	109	111	114	137	140
Real estate held for entitlement and leasing
-	-	-	-	-	-	-	-	-	-	93	93	92	-	90	88	87	86	86	84	82	81	94	87	83	81	80	75	71	71	70	65	64	64	63	61	59
Receivable from Northrop
-	-	-	-	-	-	-	-	-	-	60	61	61	-	-	-	-	63	-	-	-	-	-	-	-	-	72	70	69	68	69	66	66	66	66	-	-
Deferred income taxes
114	121	129	131	133	116	228	255	253	145	251	264	284	292	273	269	286	324	286	254	247	256	261	182	180	185	175	192	-	-	-	-	-	-	-	-	-
Grantor trust
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13	14
Goodwill
161	161	161	161	161	161	161	161	161	161	160	159	159	158	158	158	158	158	158	158	158	158	158	158	158	153	159	164	94	94	94	94	94	94	94	94	94
Intangible assets
54	58	61	65	68	71	75	78	82	85	88	91	95	94	97	101	104	107	108	112	115	118	122	125	128	132	135	130	13	13	13	14	14	15	15	15	16
Income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other noncurrent assets, net
251	255	273	269	259	255	260	260	262	259	126	115	92	244	95	88	79	81	82	116	115	84	93	94	86	80	72	66	62	62	51	50	50	51	57	89	105
Total Noncurrent Assets
1,266	1,289	1,299	1,307	1,315	1,255	1,370	1,339	1,340	1,242	1,354	1,369	1,384	1,394	1,378	1,322	1,339	1,392	1,360	1,270	1,222	1,219	1,258	1,174	1,161	1,163	1,159	1,159	1,025	1,020	551	542	529	530	538	536	558
Total Assets
2,740	2,707	2,650	2,549	2,533	2,490	2,492	2,410	2,385	2,258	2,294	2,287	2,255	2,249	1,952	2,000	1,988	2,025	2,023	1,957	1,899	1,880	1,918	1,742	1,673	1,717	1,755	1,750	1,411	1,385	919	908	874	931	939	994	991
Current Liabilities
Current portion of long-term debt
289	284	280	278	275	273	271	30	27	25	22	19	19	55	20	59	5	5	5	5	5	5	5	5	4	3	2	2	2	2	2	2	2	2	2	62	66
Accounts payable
128	127	100	81	97	88	86	104	133	100	126	109	98	96	76	88	86	64	105	88	88	85	104	115	94	97	122	105	73	58	56	40	39	33	33	24	27
Reserves for environmental remediation costs
41	40	42	42	40	39	39	34	36	35	35	34	36	37	37	37	37	32	32	37	38	38	31	35	36	38	36	40	41	40	39	40	38	40	40	54	40
Contract liabilities
288	262	268	213	209	272	195	185	212	276	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Postretirement medical and life insurance benefits
-	-	-	-	-	-	-	-	-	-	5	5	5	-	6	6	6	6	6	6	6	6	6	7	7	7	7	7	7	7	7	6	6	6	6	7	7
Advance payments on contracts
-	-	-	-	-	-	-	-	-	-	182	172	208	221	204	193	200	230	203	211	197	207	197	116	103	94	104	131	95	87	100	100	101	104	108	107	110
Income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	0	0	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	10	9	10	8	8	3	-	0
Other current liabilities
134	155	184	196	220	204	315	313	267	156	192	197	181	173	147	191	180	203	201	243	200	213	221	218	183	217	206	192	126	124	103	115	99	95	104	100	110
Total Current Liabilities
882	869	875	811	842	878	908	667	677	594	564	539	549	583	491	576	516	542	554	593	536	555	566	497	428	457	479	480	357	332	318	317	297	291	299	355	361
Noncurrent Liabilities
Long-term debt
345	352	359	363	367	352	356	581	586	591	596	601	604	608	472	100	85	633	88	90	91	91	93	95	96	41	42	43	43	44	45	45	46	46	47	50	50
Second-priority senior notes, net of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	391	450	-	449	460	460	448	460	460	460	460	460	460	460	460	-	-	-	75	75	75	75
Convertible subordinated notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	41	84	84	-	84	84	98	99	133	133	143	188	193	198	200	200	200	200	200	200	200	200	200
Other debt, net of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	12	21	63	79	89	89	79	0	0	0	0	0	0	0	0	0	0	1	1
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	2	2	0	0	0	4	7	7
Reserves for environmental remediation costs
260	269	275	278	283	288	295	299	302	306	298	304	309	312	315	254	262	269	273	198	122	124	134	133	127	132	134	138	139	142	150	157	146	146	149	155	177
Pension benefits
394	398	367	370	373	376	360	467	480	492	486	533	540	548	556	569	575	580	566	471	475	479	482	257	262	266	261	437	439	446	454	219	225	230	236	159	175
Operating lease liabilities
43	39	41	44	46	-	-	-	-	-	35	36	36	-	43	43	44	44	45	49	50	50	51	57	57	58	59	65	66	67	68	66	67	67	68	70	71
Other noncurrent liabilities
197	201	164	160	153	173	175	174	170	171	162	147	124	161	95	88	94	95	94	97	99	81	80	79	78	76	73	68	67	67	68	63	61	60	64	62	66
Total Noncurrent Liabilities
1,241	1,261	1,208	1,216	1,224	1,190	1,188	1,522	1,539	1,561	1,578	1,622	1,616	1,630	1,524	1,531	1,595	1,624	1,614	1,473	1,460	1,454	1,526	1,305	1,304	1,225	1,225	1,412	1,420	1,431	989	754	747	829	846	782	825
Total Liabilities
2,123	2,131	2,084	2,028	2,067	2,068	2,096	2,190	2,216	2,156	2,143	2,162	2,166	2,213	2,015	2,108	2,112	2,166	2,168	2,066	1,997	2,009	2,092	1,802	1,733	1,682	1,705	1,893	1,778	1,764	1,308	1,072	1,045	1,120	1,146	1,137	1,186
Commitments and contingencies (Note 8)
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	-	-	-	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0
Redeemable common stock, par value of $0.10; none issued and outstanding December 31, 2017; 0.1 million shares issued and outstanding as of December 31, 2016
-	-	-	-	-	-	-	-	-	-	0	0	0	1	1	0	1	1	0	0	0	0	1	0	0	0	0	2	2	3	3	4	4	4	4	4	5
Stockholders’ Equity
Preferred stock, par value of $1.00; 15.0 million shares authorized; none issued or outstanding
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0	-	-	-	0	0	0	0	0	0	0	0	0	0	0
Common stock, par value of $0.10; 150.0 million shares authorized; 77.6 million shares issued and outstanding as of March 31, 2020; 77.3 million shares issued and outstanding as of December 31, 2019
7	7	7	7	7	7	7	7	7	7	7	7	7	6	6	6	6	6	6	6	6	6	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5
Other capital
572	573	570	564	561	561	556	509	505	503	501	497	495	456	392	346	345	342	340	340	325	324	287	285	283	281	280	277	272	271	269	265	263	261	261	260	257
Treasury stock at cost, 0.8 million shares as of March 31, 2020 and December 31, 2019
13	12	12	12	12	12	12	64	64	64	64	64	64	64	64	64	64	64	64	64	64	64	64	64	64	8	0	-	-	-	-	-	-	-	-	-	-
Retained earnings
276	244	219	186	142	103	80	15	-19	-71	-19	-31	-55	-61	-79	-68	-74	-79	-86	-94	-56	-73	-70	-82	-72	-22	-14	-10	-207	-195	-181	-184	-175	-176	-179	-179	-182
Accumulated other comprehensive loss, net of income taxes
-226	-236	-218	-225	-232	-239	-235	-247	-260	-272	-273	-283	-293	-303	-319	-328	-337	-347	-341	-297	-309	-321	-333	-205	-212	-220	-222	-417	-440	-463	-486	-255	-269	-284	-299	-234	-281
Total Stockholders’ Equity
616	576	566	521	466	421	396	220	169	102	151	124	88	34	-65	-108	-125	-142	-146	-109	-98	-128	-175	-60	-60	35	49	-144	-369	-382	-392	-168	-175	-194	-211	-147	-200
Total Liabilities and Stockholders’ Equity
2,740	2,707	2,650	2,549	2,533	2,490	2,492	2,410	2,385	2,258	2,294	2,287	2,255	2,249	1,952	2,000	1,988	2,025	2,023	1,957	1,899	1,880	1,918	1,742	1,673	1,717	1,755	1,750	1,411	1,385	919	908	874	931	939	994	991