Gates Industrial Corporation PLC

Common Name

Gates Industrial

Country

United States

Sector

Industrials

Industry

Specialty Industrial Machinery

Employees

14,100

Ticker

GTES

Exchange

NEW YORK STOCK EXCHANGE, INC.

Website

investors.gates.com

Description

Gates Industrial Corporation plc is a manufacturer of power transmission and fluid power solutions that serve a broad range of industrial and automotive applications worldwide. The company specializes... Show more

Financial Statements of Gates Industrial

Below are the financial statements of Gates Industrial, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.

Income Statement (as reported) Balance Sheet (as reported)

All figures in millions of USD	2024	2023
Current assets	—	—
Cash and cash equivalents	682^a	720.6^a
Trade accounts receivable, net	722.7^a	768.2^a
Inventories	676^a	647.2^a
Taxes receivable	28.6^a	30.4^a
Prepaid expenses and other assets	196.7^a	234.9^a
Total current assets	2,306^a	2,401.3^a
Non-current assets	—	—
Property, plant and equipment, net	579.5^a	630^a
Goodwill	1,908.9^a	2,038.7^a
Pension surplus	5.7^a	8.6^a
Intangible assets, net	1,248.6^a	1,386.1^a
Right-of-use assets	139.4^a	120.1^a
Taxes receivable	20.7^a	18.5^a
Deferred income taxes	553.5^a	622.4^a
Other non-current assets	24^a	28.8^a
Total assets	6,786.3^a	7,254.5^a
Current liabilities	—	—
Debt, current portion	39.1^a	36.5^a
Trade accounts payable	408.2^a	457.7^a
Taxes payable	22.9^a	36.6^a
Accrued expenses and other current liabilities	251.3^a	248.5^a
Total current liabilities	721.5^a	779.3^a
Non-current liabilities	—	—
Debt, less current portion	2,311.5^a	2,415^a
Post-retirement benefit obligations	78^a	83.8^a
Lease liabilities	127.3^a	110.6^a
Taxes payable	82.2^a	79.4^a
Deferred income taxes	56.8^a	119.4^a
Other non-current liabilities	68.7^a	123.1^a
Total liabilities	3,446^a	3,710.6^a
Shareholders’ equity	—	—
Shares	2.6^a	2.6^a
Additional paid-in capital	2,618.6^a	2,583.8^a
Accumulated other comprehensive loss	-1,077.2^a	-828.5^a
Retained earnings	1,479.6^a	1,462.3^a
Total shareholders’ equity	3,023.6^a	3,220.2^a
Non-controlling interests	316.7^a	323.7^a
Total equity	3,340.3^a	3,543.9^a
Total liabilities and equity	6,786.3^a	7,254.5^a

Verified Sources Behind Gates Industrial’s Financial Fundamentals Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Gates Industrial’s data sources below and access millions more through our Disclosure Search.

a. Gates Industrial's Annual Report 2024

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Gates Industrial Corporation PLC

Financial Statements of Gates Industrial

Verified Sources Behind Gates Industrial’s Financial Fundamentals Data

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