Goodyear Balance Sheet - Annual (NASDAQ:GT)

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$24.29 $0.24 (1%) GT stock closing price Sep 19, 2018 (Closing)

The financial analysis of a company like Goodyear involves checking the three financial statements of the company in detail, of which the balance sheet is one. As in our Goodyear stock analysis, analyzing a company also involves looking at the company's assets and liabilities as given in its balance sheet, which can be used to measure financial performance. Annual results announcements include the release of all three financial statements, of which the balance sheet is one. Apart from analyzing Goodyear revenue Goodyear operating cash flow, one needs to check balance sheet items like cash, fixed assets and debt. The Goodyear balance sheet for 2017 shows cash on hand of $1.04B. The company has a debt to equity ratio of 1.31.

View latest 10 year balance sheet data to check Goodyear financial performance.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Cash1.04B1.13B1.48B2.16B3B2.28B2.77B2.01B1.92B1.91B
Marketable Securities----------
Receivables2.03B1.77B2.03B2.13B2.44B2.56B2.85B2.74B2.54B2.55B
Inventory2.79B2.63B2.46B2.67B2.82B3.25B3.86B2.98B2.44B3.59B
Raw Materials466M436M419M535M592M743M937M706M483M714M
Work In Progress142M131M138M149M164M169M186M168M138M119M
Finished Goods2.18B2.06B1.91B1.99B2.06B2.34B2.73B2.1B1.82B2.76B
Notes Receivable----------
Other Current Assets224M190M168M766M397M404M335M327M320M295M
Total Current Assets
6.08B5.72B6.14B7.72B8.64B8.5B9.81B8.05B7.23B8.34B
Property Plant & Equipment17.53B16.17B15.41B16.18B16.48B15.95B15B14.97B14.47B13.94B
Accumulated Depreciation10.08B9.13B8.64B9.03B9.16B8.99B8.63B8.81B8.63B8.31B
Net Property Plant & Equipment
7.45B7.04B6.78B7.15B7.32B6.96B6.38B6.17B5.84B5.63B
Investment & Advances----------
Other Non-Current Assets----------
Deferred Charges2.01B2.41B2.14B1.76B157M186M145M58M43M54M
Intangibles734M671M693M739M806M804M811M844M870M843M
Deposits & Other Assets792M668M687M731M600M529M486M518M429M355M
Total Assets
17.06B16.51B16.44B18.11B17.53B16.97B17.63B15.63B14.41B15.23B
Notes Payable262M245M49M30M14M102M256M238M224M265M
Accounts Payable2.81B2.59B2.77B2.88B3.1B3.22B3.67B3.11B2.28B2.51B
Current Portion Long-Term Debt391M436M587M148M73M96M156M188M114M582M
Current Portion Capital Leases----------
Accrued Expenses539M584M666M724M758M719M799M---
Income Taxes Payable---------156M
Other Current Liabilities1.03B963M886M956M1.08B1.18B1.05B1.77B1.48B1.27B
Total Current Liabilities
5.03B4.82B4.96B4.74B5.03B5.32B5.93B5.31B4.1B4.78B
Mortgages----------
Deferred Taxes/Income100M85M91M181M256M264M244M242M235M193M
Convertible Debt----------
Long-Term Debt5.08B4.8B5.12B6.22B6.16B4.89B4.79B4.32B4.18B4.13B
Non-Current Capital Leases----------
Other Long-Term Liabilities2.01B2.09B2.13B2.55B3.64B5.34B5.04B4.26B4.32B4.25B
Total Liabilities
12.21B11.79B12.3B14.26B15.66B16.35B16.61B14.71B13.42B14.2B
Minority Interest---582M577M534M607M584M593M850M
Preferred Stock----500M500M500M---
Common Stock Net240M252M267M269M248M245M245M243M242M241M
Capital Surplus2.3B2.65B3.09B3.14B2.85B2.82B2.81B2.81B2.78B2.7B
Retained Earnings6.04B5.81B4.57B4.34B1.96B1.37B1.19B866M1.08B1.53B
Treasury Stock----------
Other Liabilities-3.73B-3.98B-3.79B-3.91B-3.69B-4.31B-3.72B-2.99B-3.12B-3.45B
Shareholders Equity4.85B4.73B4.14B3.85B1.87B625M1.02B921M986M1.02B
Total Liabilities & Shareholders Equity17.06B16.51B16.44B18.11B17.53B16.97B17.63B15.63B14.41B15.23B
All figures in USD. M: Millions of USD, B: Billions of USD.
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Apart from balance sheet items, an investor would do well to keep track of the Goodyear stock price by looking at Goodyear historical stock prices. One can compare PE with industry average by looking at the Goodyear PE ratio chart. The common balance sheet items are:

  • Assets: An asset is a resource that a corporation like Goodyear owns and has monetary significance. GT assets grew from $16.51B in 2016 to $17.06B in 2017. Assets can be of two types: fixed assets like real estate, plant and machinery; and current assets which includes cash, accounts receivable etc. Tech stocks typically don't have too many assets.
  • Liabilities: This item on the balance sheet implies the firm's, in this case Goodyear's, legal obligations including loans, accounts payable, deferred revenue, accrued expenses and mortgages. The total liabilities for GT stock stand at $12.21B.

Goodyear Balance Sheet - Key Ratios

Current ratio
1.36
Debt to equity ratio
1.31
Asset turnover ratio
0.88
Receivables turnover
6.58
Price to book ratio
1.17