Lincoln electric holdings inc (LECO)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Dec'09
ASSETS
Current Assets
Cash and cash equivalents

163

199

156

189

267

358

398

357

369

326

299

395

401

379

256

237

220

304

364

312

289

278

279

204

205

299

330

256

248

286

340

307

300

361

321

337

341

366

382

373

388

Accounts receivable (less allowance for doubtful accounts of $16,169 in 2020; $16,002 in 2019)

385

374

395

428

423

396

409

425

442

395

401

323

302

273

281

291

286

264

310

329

334

337

354

407

405

367

375

396

423

360

391

422

430

386

392

414

376

321

319

306

273

Inventories
Raw materials

-

-

-

-

-

103

-

-

-

97

-

-

-

76

80

85

86

87

86

102

107

112

96

105

103

112

108

114

118

119

119

121

114

117

130

125

105

85

85

76

69

Work-in-process

-

-

-

-

-

53

-

-

-

50

-

-

-

40

45

45

44

39

43

42

42

41

37

42

39

38

45

44

45

41

44

49

53

42

55

54

48

38

41

42

32

Finished goods

-

-

-

-

-

204

-

-

-

200

-

-

-

138

159

161

162

148

178

177

182

187

202

219

219

198

215

208

213

203

227

229

233

213

235

244

214

167

188

169

153

Inventory, Net

398

393

411

397

375

361

377

365

381

348

389

289

281

255

285

292

292

275

308

321

332

341

337

368

363

349

369

367

377

364

390

400

401

373

421

424

368

291

315

288

255

Marketable Securities

-

-

-

-

-

-

99

139

136

179

179

-

-

38

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9

-

-

-

10

-

-

-

16

-

-

-

15

-

-

-

26

-

-

23

Other current assets

112

107

119

111

127

120

121

123

115

123

108

199

162

96

97

100

102

91

85

125

138

129

238

126

110

102

107

113

115

104

116

105

103

83

109

101

107

75

102

107

82

Total Current Assets

1,059

1,075

1,082

1,127

1,193

1,237

1,405

1,411

1,445

1,373

1,378

1,207

1,148

1,043

920

921

902

935

1,068

1,089

1,095

1,096

1,209

1,105

1,084

1,130

1,182

1,134

1,164

1,132

1,239

1,236

1,236

1,219

1,244

1,278

1,195

1,082

1,120

1,076

1,023

Property, Plant and Equipment [Abstract]
Land

-

-

-

-

-

-

-

-

-

-

-

-

-

-

47

46

46

-

45

45

44

46

47

48

48

48

45

44

44

44

43

42

44

42

43

45

44

43

43

40

42

Buildings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

343

340

362

-

365

361

355

371

361

371

375

373

367

354

353

343

338

333

337

322

322

330

323

313

303

286

291

Machinery and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

712

706

718

-

704

693

679

711

703

735

724

723

720

719

724

732

730

731

741

724

723

742

731

712

694

668

683

Property, Plant and Equipment, Gross

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,103

1,093

1,127

-

1,116

1,101

1,079

1,129

1,111

1,156

1,147

1,145

1,133

1,118

1,122

1,120

1,113

1,107

1,122

1,090

1,089

1,118

1,100

1,069

1,042

995

1,017

Less accumulated depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

718

709

713

-

694

671

656

690

661

674

668

661

654

642

641

634

634

630

635

619

613

625

610

591

582

558

557

Property, plant and equipment (less accumulated depreciation of $816,947 in 2020; $825,769 in 2019)

503

529

523

512

476

478

461

468

482

477

475

384

376

372

384

383

413

411

421

429

423

438

450

481

479

484

478

476

481

486

479

476

486

470

476

492

489

478

459

436

460

Other Assets
Prepaid Pension

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

38

-

-

-

1

-

-

-

36

-

-

-

0

-

-

-

-

-

-

-

0

-

-

1

Equity investments in affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27

-

-

-

27

-

-

-

26

-

-

-

24

-

-

-

24

-

-

-

22

-

-

22

Intangible Assets, Net (Excluding Goodwill)

-

-

-

-

-

147

-

-

-

127

-

-

-

130

-

-

-

120

-

-

-

132

-

-

-

147

-

-

-

132

-

-

-

94

-

-

-

81

-

-

81

Goodwill

326

337

331

323

282

281

233

233

236

234

235

234

233

231

236

237

190

187

-

-

-

180

-

-

-

174

-

-

-

132

-

-

-

65

-

-

-

45

-

-

39

Long-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

31

-

-

-

32

-

-

-

31

-

-

-

30

-

-

-

29

-

-

29

Deferred income taxes

-

-

-

-

-

20

-

-

-

15

-

-

-

8

-

-

-

8

-

-

-

2

-

-

-

3

-

-

-

44

-

-

-

57

-

-

-

22

-

-

26

Other assets

416

429

424

431

402

183

318

319

323

177

321

294

295

156

291

294

270

119

437

431

403

28

452

557

549

116

458

449

457

104

372

309

299

15

242

229

228

20

218

218

20

Total Other Assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

404

-

-

-

537

-

-

-

470

-

-

-

287

-

-

-

222

-

-

221

TOTAL ASSETS

2,305

2,371

2,361

2,394

2,354

2,349

2,419

2,433

2,488

2,406

2,411

2,121

2,052

1,943

1,833

1,837

1,777

1,784

1,928

1,950

1,921

1,939

2,112

2,144

2,113

2,151

2,119

2,060

2,103

2,089

2,091

2,021

2,022

1,976

1,962

2,001

1,913

1,783

1,798

1,731

1,705

LIABILITIES AND EQUITY
Current Liabilities
Short-term debt (Note 12)

132

34

13

30

0

0

0

1

1

2

2

1

2

1

183

159

24

2

2

62

167

61

85

4

6

14

14

14

16

18

18

19

21

19

11

12

12

11

13

23

34

Trade accounts payable

248

273

243

254

252

268

246

269

277

269

242

194

186

176

164

173

159

152

166

172

185

209

186

196

199

212

177

195

216

209

186

202

208

176

203

228

215

147

153

141

100

Accrued employee compensation and benefits

82

83

133

115

87

94

138

-

-

91

-

-

-

67

-

-

-

65

-

-

-

66

-

-

-

68

-

-

-

68

-

-

-

55

-

-

-

48

-

-

36

Accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30

-

-

-

29

-

-

-

29

-

-

-

30

-

-

-

29

-

-

28

Accrued taxes, including income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18

-

-

-

46

-

-

-

45

-

-

-

21

-

-

-

21

-

-

22

Liability, Pension and Other Postretirement and Postemployment Benefits, Current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

-

-

-

2

-

-

-

10

-

-

-

3

-

-

-

10

-

-

-

4

-

-

3

Dividends payable

-

-

-

-

-

29

-

-

-

25

-

-

-

22

-

-

-

22

-

-

-

22

-

-

-

18

-

-

-

0

-

-

-

14

-

-

-

12

-

-

11

Accrued Bonuses, Current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

29

-

-

-

30

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Customer Advances

-

-

-

-

-

17

-

-

-

19

-

-

-

21

-

-

-

16

-

-

-

26

-

-

-

24

-

-

-

26

-

-

-

15

-

-

-

-

-

-

-

Other current liabilities

191

172

181

170

185

145

159

268

271

119

295

218

233

97

247

226

217

108

268

235

254

16

297

260

224

1

289

242

225

38

286

236

223

45

252

215

184

57

203

183

59

Long-term Debt and Capital Lease Obligations, Current

-

-

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

1

-

-

-

7

1

1

0

0

0

0

0

0

0

1

1

81

81

82

83

1

1

1

1

Total Current Liabilities

654

563

572

571

525

538

545

539

550

528

539

415

422

388

596

559

401

370

437

470

608

492

571

464

431

456

481

452

458

440

492

459

453

471

549

539

494

335

372

349

297

Long-Term Liabilities
Long-term debt, less current portion (Note 12)

715

712

713

710

705

702

698

700

700

704

704

704

703

703

359

360

350

350

350

151

3

2

1

1

2

3

1

1

1

1

1

2

2

1

1

1

1

84

85

86

87

Liability, Defined Benefit Plan, Noncurrent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15

18

24

25

32

23

22

24

26

127

130

158

216

178

195

213

232

86

102

113

121

100

112

139

Deferred income taxes (Note 14)

-

-

-

-

-

45

-

-

-

40

-

-

-

41

-

-

-

46

-

-

-

40

-

-

-

48

-

-

-

8

-

-

-

17

-

-

-

19

-

-

16

Accrued taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25

-

-

-

36

-

-

-

35

-

-

-

35

-

-

-

48

-

-

53

Other liabilities

267

276

261

266

258

175

247

250

256

200

220

149

142

97

125

124

132

84

109

107

103

59

140

134

143

49

81

80

81

29

82

83

86

25

80

89

91

23

93

92

24

Total Liabilities

1,637

1,552

1,547

1,548

1,490

1,462

1,491

1,490

1,507

1,474

1,465

1,269

1,268

1,231

484

485

482

851

478

282

133

161

164

158

169

164

209

212

241

291

262

281

302

312

168

193

206

298

279

290

321

Shareholders’ Equity
Preferred shares, without par value – at stated capital amount; authorized – 5,000,000 shares; issued and outstanding – none

-

-

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

0

Common shares

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

9

4

9

4

4

4

Additional paid-in capital

387

389

377

368

364

360

357

351

345

334

330

326

317

309

290

283

276

272

269

266

261

258

252

248

244

240

230

224

218

205

197

195

188

179

174

171

171

162

165

164

159

Retained earnings

2,767

2,736

2,704

2,661

2,605

2,564

2,505

2,461

2,417

2,388

2,389

2,306

2,268

2,236

2,205

2,167

2,157

2,125

2,100

2,181

2,132

2,086

2,033

2,005

1,946

1,908

1,838

1,789

1,732

1,682

1,637

1,586

1,534

1,484

1,440

1,398

1,354

1,320

1,292

1,271

1,239

Accumulated other comprehensive loss

-348

-275

-305

-281

-287

-293

-271

-276

-225

-247

-250

-272

-298

-329

-288

-286

-269

-296

-288

-321

-339

-288

-194

-148

-162

-151

-236

-259

-244

-235

-222

-243

-218

-247

-154

-101

-118

-141

-128

-170

-149

Treasury shares

2,149

2,041

1,973

1,913

1,828

1,753

1,674

1,603

1,567

1,553

1,534

1,519

1,514

1,514

1,465

1,381

1,282

1,180

1,079

940

885

783

727

597

530

480

427

384

329

319

302

282

265

248

241

227

216

217

203

193

181

Total Shareholders’ Equity

667

818

812

845

863

886

927

942

979

931

945

851

783

711

752

791

891

931

1,011

1,195

1,178

1,282

1,373

1,517

1,508

1,526

1,414

1,378

1,387

1,342

1,320

1,265

1,249

1,176

1,228

1,251

1,195

1,133

1,131

1,076

1,072

Non-controlling interests

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

3

3

3

3

4

14

15

16

15

15

15

16

16

16

16

16

15

15

15

13

Total Equity

667

819

813

846

864

887

927

943

980

932

945

851

784

712

752

792

892

932

1,011

1,196

1,179

1,285

1,376

1,521

1,512

1,530

1,428

1,394

1,403

1,358

1,336

1,281

1,265

1,193

1,245

1,268

1,211

1,149

1,146

1,091

1,085

TOTAL LIABILITIES AND TOTAL EQUITY

2,305

2,371

2,361

2,394

2,354

2,349

2,419

2,433

2,488

2,406

2,411

2,121

2,052

1,943

1,833

1,837

1,777

1,784

1,928

1,950

1,921

1,939

2,112

2,144

2,113

2,151

2,119

2,060

2,103

2,089

2,091

2,021

2,022

1,976

1,962

2,001

1,913

1,783

1,798

1,731

1,705