Below are the financial statements of Hubbell, 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.
| All figures in millions of USD | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets | — | — |
| Current assets | — | — |
| Cash and cash equivalents | 329.1a | 336.1a |
| Short-term investments | 15.9a | 12.6a |
| Accounts receivable (net of allowances of $11.3 and $11.6) | 756a | 785.4a |
| Inventories, net | 841.8a | 832.9a |
| Other current assets | 146.5a | 129.7a |
| Assets held for sale - current | 0a | 70.5a |
| Total current assets | 2,089.3a | 2,167.2a |
| Property, plant, and equipment, net | 726.6a | 652.6a |
| Other assets | — | — |
| Investments | 84.9a | 75.8a |
| Goodwill | 2,500.8a | 2,533.4a |
| Other intangible assets, net | 1,080a | 1,196a |
| Other long-term assets | 197.5a | 197.1a |
| Assets held for sale - non-current | 0a | 91.9a |
| Total assets | 6,679.1a | 6,914a |
| Liabilities and equity | — | — |
| Current liabilities | — | — |
| Short-term debt and current portion of long-term debt | 125.4a | 117.4a |
| Accounts payable | 541.7a | 563.5a |
| Accrued salaries, wages and employee benefits | 145.7a | 173.6a |
| Accrued insurance | 89a | 79.1a |
| Other accrued liabilities | 372.4a | 365.2a |
| Liabilities held for sale - current | 0a | 24.6a |
| Total current liabilities | 1,274.2a | 1,323.4a |
| Long-term debt | 1,442.7a | 2,023.2a |
| Other non-current liabilities | 679.5a | 660.6a |
| Liabilities held for sale - non-current | 0a | 17.5a |
| Total liabilities | 3,396.4a | 4,024.7a |
| Hubbell incorporated shareholders’ equity | — | — |
| Common stock | 0.6a | 0.6a |
| Additional paid-in capital | 2.6a | 6.1a |
| Retained earnings | 3,651.6a | 3,182.7a |
| Accumulated other comprehensive loss | -386.5a | -312.4a |
| Total Hubbell incorporated shareholders’ equity | 3,268.3a | 2,877a |
| Noncontrolling interest | 14.4a | 12.3a |
| Total equity | 3,282.7a | 2,889.3a |
| Total liabilities and equity | 6,679.1a | 6,914a |
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