Valmont Industries, Inc. VMI Balance Sheet

Valmont industries, inc. (VMI)

Balance Sheet / TTM

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	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Dec'09
ASSETS
Current assets:
Cash and cash equivalents
294	353	327	256	211	313	295	722	479	492	493	448	425	399	349	344	387	349	312	317	318	371	452	455	488	613	543	490	419	414	427	328	339	362	336	326	358	346	323	314	180
Receivables, net
492	480	501	507	512	483	500	472	467	503	492	496	455	439	455	466	449	466	501	491	503	536	570	543	529	515	513	513	503	515	470	489	450	426	449	453	425	410	400	376	259
Inventories
416	418	377	406	395	383	399	381	370	420	403	382	389	350	379	372	350	340	368	379	379	359	384	381	424	380	427	413	451	412	432	441	440	393	377	366	323	280	296	296	210
Contract asset - costs and profits in excess of billings
144	141	120	123	119	112	112	-	-	16	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other assets
63	32	50	44	54	42	40	127	127	27	50	43	54	57	69	63	46	46	52	56	48	56	64	66	57	22	35	33	33	25	30	29	27	25	28	30	29	23	29	39	22
Assets Held-for-sale, Not Part of Disposal Group, Current, Other
-	-	-	-	-	-	-	-	72	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Refundable income taxes
2	6	11	8	4	4	13	9	6	11	8	4	7	6	20	20	18	24	44	44	53	68	64	71	57	65	81	68	61	58	49	43	42	43	35	34	30	32	35	35	42
Total current assets
1,414	1,432	1,388	1,347	1,298	1,340	1,362	1,715	1,523	1,472	1,448	1,376	1,331	1,253	1,274	1,267	1,252	1,226	1,279	1,289	1,302	1,392	1,536	1,519	1,558	1,597	1,601	1,519	1,470	1,425	1,409	1,332	1,300	1,252	1,227	1,211	1,168	1,094	1,085	1,062	715
Property, plant and equipment, at cost
1,237	1,245	1,233	1,225	1,196	1,160	1,153	1,132	1,137	1,165	1,169	1,148	1,129	1,105	1,120	1,105	1,100	1,081	1,083	1,123	1,124	1,139	1,138	1,160	1,171	1,017	1,045	1,018	1,025	994	965	941	945	911	889	906	887	865	858	821	675
Less accumulated depreciation and amortization
683	687	685	682	669	646	646	639	633	646	647	628	610	587	594	579	568	548	539	552	537	533	521	521	559	482	504	488	490	482	489	476	476	456	452	458	444	425	423	396	392
Net property, plant and equipment
553	558	548	543	527	513	507	492	503	518	522	520	519	518	525	526	532	532	543	570	586	606	616	638	612	534	541	530	534	512	475	465	469	454	437	448	442	439	434	425	283
Goodwill
422	428	421	424	416	385	389	321	327	337	336	329	324	321	327	331	334	336	362	380	373	385	374	368	355	349	340	332	339	330	319	312	320	314	315	322	322	314	294	291	178
Other intangible assets, net
173	175	177	189	192	175	178	124	129	138	142	141	142	144	152	158	164	170	175	189	189	202	199	195	226	170	169	168	171	172	162	161	168	168	174	182	187	185	190	188	96
Other assets
193	212	189	206	209	114	124	125	133	134	160	155	149	154	103	111	115	125	129	136	131	143	135	136	132	123	95	100	100	126	127	123	124	115	54	58	57	56	54	61	28
Total assets
2,757	2,807	2,725	2,711	2,645	2,530	2,563	2,779	2,618	2,602	2,610	2,523	2,466	2,391	2,384	2,395	2,399	2,392	2,489	2,567	2,584	2,729	2,862	2,858	2,885	2,776	2,748	2,651	2,617	2,568	2,494	2,396	2,382	2,306	2,209	2,223	2,179	2,090	2,059	2,029	1,302
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Current installments of long-term debt
0	0	0	0	0	0	0	253	0	0	0	0	0	0	0	0	1	1	1	1	1	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Notes payable to banks
19	21	19	20	19	10	3	0	0	0	0	0	0	0	0	3	2	0	1	7	14	13	17	17	14	19	17	16	13	13	15	17	12	11	11	11	9	8	14	9	11
Accounts payable
209	197	197	228	219	218	200	193	190	227	216	193	194	177	170	183	183	179	186	186	189	196	209	208	234	216	214	212	211	212	217	222	235	216	221	223	206	179	179	202	118
Accrued employee compensation and benefits
70	83	78	65	63	79	80	71	67	84	81	68	65	72	69	66	58	70	70	75	71	87	94	95	86	122	108	100	78	101	87	78	68	83	75	65	56	75	78	49	66
Contract liability - billings in excess of costs and earnings
151	117	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other accrued expenses
100	83	226	174	129	91	106	79	92	81	106	102	112	89	109	95	111	105	104	89	98	88	93	91	91	71	87	80	85	78	85	77	82	73	82	75	81	77	86	94	55
Disposal Group, Including Discontinued Operation, Liabilities, Current
-	-	-	-	-	-	-	-	12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	-	-	-	16	-	-	-	-	17	-	13	-	-	-	-	-
Dividends payable
-	-	-	-	-	-	-	8	8	8	8	8	8	8	8	8	8	8	8	8	8	9	9	9	6	6	6	6	6	6	-	-	-	-	-	-	-	-	-	-	-
Dividends payable
9	8	8	8	8	8	8	8	8	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5	5	4	4	4	4	4	4	4	4	3
Total current liabilities
561	513	530	497	440	409	400	606	374	402	413	374	382	349	359	358	364	366	372	369	383	397	425	423	443	436	434	416	410	412	413	401	404	408	396	395	358	346	362	360	256
Deferred income taxes
65	58	43	43	46	43	45	34	39	34	28	32	39	35	28	35	39	35	66	-62	-66	71	-76	-95	-104	-78	-79	-80	-86	-88	-80	-79	-86	-85	-85	-86	-93	-89	-82	-81	-49
Long-term debt, excluding current installments
776	764	764	765	741	741	736	736	753	753	754	754	754	754	755	756	756	756	764	765	765	766	768	478	479	470	471	471	472	472	473	473	474	474	494	489	484	468	482	517	160
Defined benefit pension liability
114	140	121	130	133	143	179	183	195	189	199	194	187	209	156	164	170	179	129	135	127	150	136	143	139	154	99	98	96	112	62	60	60	68	96	100	110	104	124	116	-
Operating lease liabilities
78	85	78	85	88	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred compensation
42	45	43	49	49	46	48	48	48	48	48	47	46	44	47	48	48	48	48	51	51	47	48	48	46	39	38	37	37	31	34	32	33	30	29	31	30	23	23	22	20
Other noncurrent liabilities
9	8	11	13	13	10	19	20	21	20	13	17	15	14	33	38	39	40	41	43	45	45	48	54	53	51	49	48	49	44	42	41	42	41	43	45	47	47	45	50	7
Commitments and contingencies (Note 18)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-
Shareholders’ equity:
Preferred stock of $1 par value - Authorized 500,000 shares; none issued
-	-	-	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	0	0	0	0	0	0	0
Authorized 75,000,000 shares; 27,900,000 issued
27	27	27	27	27	27	27	27	27	27	27	27	27	27	27	27	27	27	27	27	27	27	27	27	27	27	27	27	27	27	27	27	27	27	27	27	27	27	27	27	27
Additional paid-in capital
-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retained earnings
2,171	2,173	2,119	2,085	2,049	2,027	2,022	2,023	1,996	1,954	1,974	1,945	1,906	1,874	1,811	1,790	1,756	1,729	1,767	1,762	1,741	1,718	1,687	1,672	1,615	1,562	1,514	1,458	1,372	1,300	1,238	1,186	1,130	1,079	966	927	868	850	817	795	767
Accumulated other comprehensive loss
-347	-313	-316	-303	-298	-303	-322	-311	-276	-279	-288	-305	-326	-346	-265	-268	-265	-267	-223	-171	-190	-134	-72	-22	-35	-47	0	-19	30	43	87	62	90	64	41	91	85	63	24	-13	16
Treasury stock
763	743	744	728	700	692	670	628	602	590	601	603	604	612	610	593	587	571	552	525	481	410	333	95	19	20	21	21	21	22	23	23	23	24	25	25	25	25	25	25	25
Total Valmont Industries, Inc. shareholders’ equity
1,087	1,144	1,086	1,081	1,078	1,059	1,057	1,112	1,145	1,112	1,112	1,064	1,002	943	963	956	931	918	1,019	1,093	1,097	1,201	1,309	1,582	1,588	1,522	1,521	1,445	1,409	1,349	1,330	1,253	1,225	1,146	1,011	1,021	955	915	844	784	786
Noncontrolling interest in consolidated subsidiaries
22	45	44	45	52	75	76	37	40	38	39	38	38	39	39	38	49	46	46	47	45	48	49	32	31	22	54	52	54	57	57	54	55	50	51	54	97	94	92	94	22
Total shareholders’ equity
1,110	1,189	1,131	1,127	1,131	1,135	1,133	1,149	1,185	1,151	1,152	1,102	1,041	982	1,002	994	980	965	1,065	1,140	1,143	1,250	1,358	1,615	1,619	1,544	1,575	1,498	1,463	1,407	1,387	1,307	1,281	1,197	1,063	1,075	1,053	1,010	936	879	808
Total liabilities and shareholders’ equity
2,757	2,807	2,725	2,711	2,645	2,530	2,563	2,779	2,618	2,602	2,610	2,523	2,466	2,391	2,384	2,395	2,399	2,392	2,489	2,567	2,584	2,729	2,862	2,858	2,885	2,776	2,748	2,651	2,617	2,568	2,494	2,396	2,382	2,306	2,209	2,223	2,179	2,090	2,059	2,029	1,302