VNE · Veoneer, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 | Q3 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | $391.00M | $398.00M | $419.00M | - | $371.00M | $184.00M | $362.00M | - | $462.00M |
| Cost of Revenue | - | $326.00M | $336.00M | $363.00M | - | $317.00M | $181.00M | $309.00M | - | $389.00M |
| Gross Profit | - | $65.00M | $62.00M | $56.00M | - | $54.00M | $3.00M | $53.00M | - | $73.00M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | $38.00M | $41.00M | $39.00M | - | $43.00M | $38.00M | $44.00M | - | $45.00M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | - | - | $29.00M | - | - | - | $23.00M | - | - |
| Operating Income | - | ($89.00M) | ($92.00M) | ($104.00M) | - | ($103.00M) | ($64.00M) | ($122.00M) | - | ($122.00M) |
| Interest Expense | - | $5.00M | $5.00M | $5.00M | - | $5.00M | $5.00M | $5.00M | - | $5.00M |
| Income Tax | - | $3.00M | $4.00M | $4.00M | - | $0 | $2.00M | $23.00M | - | $3.00M |
| Net Income | - | ($94.00M) | ($100.00M) | ($104.00M) | - | ($132.00M) | ($90.00M) | ($233.00M) | - | ($133.00M) |
| EPS - Basic | - | ($0.84) | ($0.89) | ($0.93) | - | ($1.18) | ($0.80) | ($2.09) | - | ($1.20) |
| EPS - Diluted | - | ($0.84) | ($0.89) | ($0.93) | - | ($1.18) | ($0.80) | ($2.09) | - | ($1.20) |
Balance Sheet
| Line item | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 | Q3 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $423.00M | $419.00M | $555.00M | $644.00M | $758.00M | $846.00M | $851.00M | $970.00M | $859.00M | $1.06B |
| Accounts Receivable | $267.00M | $271.00M | $257.00M | $282.00M | $292.00M | $245.00M | $206.00M | $216.00M | $253.00M | $309.00M |
| Inventory | $192.00M | $187.00M | $157.00M | $138.00M | $134.00M | $124.00M | $132.00M | $135.00M | $144.00M | $159.00M |
| Accounts Payable | $281.00M | $257.00M | $262.00M | $258.00M | $257.00M | $223.00M | $131.00M | $233.00M | $233.00M | $317.00M |
| Current Assets | $941.00M | $943.00M | $1.03B | $1.12B | $1.24B | $1.27B | $1.26B | $1.41B | $1.65B | $1.60B |
| Total Assets | $1.75B | $1.80B | $1.90B | $1.99B | $2.29B | $2.28B | $2.18B | $2.32B | $2.74B | $2.85B |
| Current Liabilities | $565.00M | $522.00M | $530.00M | $527.00M | $587.00M | $547.00M | $429.00M | $507.00M | $591.00M | $613.00M |
| Long-term Debt | - | $177.00M | $174.00M | $172.00M | - | $167.00M | $165.00M | $163.00M | - | $158.00M |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $853.00M | $934.00M | $1.03B | $1.12B | $1.24B | $1.30B | $1.41B | $1.48B | $1.73B | $1.81B |
| Retained Earnings | ($1.61B) | ($1.52B) | ($1.43B) | ($1.33B) | ($1.23B) | ($1.14B) | ($1.00B) | ($914.00M) | ($681.00M) | ($584.00M) |
Cash Flow
| Line item | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 | Q3 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | ($110.00M) | - | - | - | ($9.00M) | - | - |
| Investing Cash Flow | - | - | - | $1.00M | - | - | - | $133.00M | - | - |
| Financing Cash Flow | - | - | - | $2.00M | - | - | - | ($7.00M) | - | - |
| CapEx | - | - | - | $12.00M | - | - | - | $27.00M | - | - |
| Free Cash Flow | - | - | - | ($122.00M) | - | - | - | ($36.00M) | - | - |
Ratios
| Metric | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 | Q3 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | 16.6% | 15.6% | 13.4% | - | 14.6% | 1.6% | 14.6% | - | 15.8% |
| Operating margin | - | -22.8% | -23.1% | -24.8% | - | -27.8% | -34.8% | -33.7% | - | -26.4% |
| EBITDA margin | - | - | - | -17.9% | - | - | - | -27.3% | - | - |
| Net margin | - | -24.0% | -25.1% | -24.8% | - | -35.6% | -48.9% | -64.4% | - | -28.8% |
| Free cash flow margin | - | - | - | -29.1% | - | - | - | -9.9% | - | - |
| FCF / Net income | - | - | - | 1.17 | - | - | - | 0.15 | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | 9.7% | 10.3% | 9.3% | - | 11.6% | 20.7% | 12.2% | - | 9.7% |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | - | -5.2% | -5.3% | -5.2% | - | -5.8% | -4.1% | -10.0% | - | -4.7% |
| Return on equity | - | -10.1% | -9.7% | -9.3% | - | -10.2% | -6.4% | -15.7% | - | -7.3% |
| Return on invested capital | - | -6.3% | -6.0% | -6.3% | - | -5.6% | -3.2% | -5.9% | - | -4.9% |
| Liquidity | ||||||||||
| Current ratio | 1.67 | 1.81 | 1.95 | 2.13 | 2.12 | 2.33 | 2.94 | 2.78 | 2.79 | 2.61 |
| Quick ratio | 1.33 | 1.45 | 1.66 | 1.87 | 1.89 | 2.10 | 2.63 | 2.51 | 2.55 | 2.35 |
| Cash ratio | 0.75 | 0.80 | 1.05 | 1.22 | 1.29 | 1.55 | 1.98 | 1.91 | 1.45 | 1.73 |
| Leverage | ||||||||||
| Debt / Equity | - | 0.19 | 0.17 | 0.15 | - | 0.13 | 0.12 | 0.11 | - | 0.09 |
| Debt / Assets | - | 0.10 | 0.09 | 0.09 | - | 0.07 | 0.08 | 0.07 | - | 0.06 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | -17.8x | -18.4x | -20.8x | - | -20.6x | -12.8x | -24.4x | - | -24.4x |
| Equity multiplier | 2.05 | 1.92 | 1.84 | 1.77 | 1.85 | 1.76 | 1.54 | 1.57 | 1.59 | 1.58 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | - | 0.22 | 0.21 | 0.21 | - | 0.16 | 0.08 | 0.16 | - | 0.16 |
| Inventory turnover | - | 1.74 | 2.14 | 2.63 | - | 2.56 | 1.37 | 2.29 | - | 2.45 |
| Days sales outstanding | - | 253d | 236d | 246d | - | 241d | 409d | 218d | - | 244d |
| Days inventory outstanding | - | 209d | 171d | 139d | - | 143d | 266d | 159d | - | 149d |
| Days payable outstanding | - | 288d | 285d | 259d | - | 257d | 264d | 275d | - | 297d |
| Cash conversion cycle | - | 175d | 122d | 125d | - | 127d | 411d | 102d | - | 96d |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | 5.4% | 116.3% | 15.7% | - | -19.7% | -62.4% | -26.7% | - | -18.5% |
| Revenue CAGR (3y) | - | -11.7% | -11.4% | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | 20.4% | 1966.7% | 5.7% | - | -26.0% | -96.1% | -37.6% | - | -33.0% |
| Operating income growth (YoY) | - | 13.6% | -43.8% | 14.8% | - | 15.6% | 53.3% | 4.7% | - | -110.3% |
| Net income growth (YoY) | - | 28.8% | -11.1% | 55.4% | - | 0.8% | 32.3% | -70.1% | - | -303.0% |
| EPS growth (YoY) | - | 28.8% | -11.2% | 55.5% | - | 1.7% | 42.4% | -33.1% | - | -215.8% |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | -238.9% | - | - | - | 67.3% | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -31.2% | -28.0% | -27.2% | -24.3% | -28.3% | -28.3% | -28.1% | -11.7% | -5.3% | -6.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Business segments
$1.66B totalElectronics$1.61B · 97.1%
Brake Systems Segment$48.00M · 2.9%
Product / service
$1.66B totalActive Safety Products$869.00M · 52.4%
Restraint Control Systems$689.00M · 41.6%
Product And Service Other$51.00M · 3.1%
Brake Systems$48.00M · 2.9%
Geographic
$1.74B totalEurope$667.00M · 38.4%
Americas$490.00M · 28.2%
Asia$452.00M · 26.0%
Non Us$128.00M · 7.4%
Peer comparison
Same SIC group: Motor Vehicle Parts & Accessories
Comparing Veoneer against the 5 most active filers in the same SIC group.