WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP
For the period ended Sep 30, 2024. Filed Oct 23, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 23, 2024
WAB$283.59+1.8%Stored close · as of Nov 6, 2026
Contents
Condensed Consolidated Balance Sheets as of September 30, 2024 and December 31, 2023
CONDENSED CONSOLIDATED BALANCE SHEETS
| Unaudited | ||
|---|---|---|
| In millions, except par value | September 30,2024 | December 31,2023 |
| Assets | ||
| Assets | ||
| Cash, cash equivalents and restricted cash | $410 | $620 |
| Accounts receivable | 1,231 | 1,160 |
| Unbilled accounts receivable | 551 | 524 |
| Inventories, net | 2,380 | 2,284 |
| Other current assets | 202 | 267 |
| Total current assets | 4,774 | 4,855 |
| Property, plant and equipment, net | 1,439 | 1,485 |
| Goodwill | 8,786 | 8,780 |
| Other intangible assets, net | 2,996 | 3,205 |
| Other noncurrent assets | 649 | 663 |
| Total noncurrent assets | 13,870 | 14,133 |
| Total Assets | $18,644 | $18,988 |
| Liabilities and Shareholders’ Equity | ||
| Liabilities | ||
| Accounts payable | $1,338 | $1,250 |
| Customer deposits | 567 | 804 |
| Accrued compensation | 380 | 341 |
| Accrued warranty | 244 | 220 |
| Current portion of long-term debt | 500 | 781 |
| Other accrued liabilities | 652 | 660 |
| Total current liabilities | 3,681 | 4,056 |
| Long-term debt | 3,517 | 3,288 |
| Accrued postretirement and pension benefits | 62 | 62 |
| Deferred income taxes | 295 | 318 |
| Other long-term liabilities | 798 | 740 |
| Total Liabilities | 8,353 | 8,464 |
| Commitments and contingencies (Note 14) | ||
| Equity | ||
| Common stock, $.01 par value; 500.0 shares authorized and 226.9 shares issued: 171.9 and 177.8 outstanding at September 30, 2024 and December 31, 2023, respectively | 2 | 2 |
| Additional paid-in capital | 7,999 | 7,977 |
| Treasury stock, at cost, 55.0 and 49.1 shares, at September 30, 2024 and December 31, 2023, respectively | (3,151) | (2,171) |
| Retained earnings | 6,007 | 5,269 |
| Accumulated other comprehensive loss | (607) | (590) |
| Total Westinghouse Air Brake Technologies Corporation shareholders’ equity | 10,250 | 10,487 |
| Noncontrolling interest | 41 | 37 |
| Total Equity | 10,291 | 10,524 |
| Total Liabilities and Equity | $18,644 | $18,988 |
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