L: Loews Corp Financial Statements
Balance sheet, income statement, and cash flow statements for Loews Corp (L).
$18.44B Market Cap.
L Market Cap. (MRY)
L Shares Outstanding (MRY)
L Assets (MRY)
Total Assets
$81.94B
Total Liabilities
$64.01B
Total Investments
$51.13B
L Income (MRY)
Revenue
$17.51B
Net Income
$1.41B
Operating Expense
$4.17B
L Cash Flow (MRY)
CF Operations
$3.02B
CF Investing
-$1.98B
CF Financing
-$898.00M
L Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
---|---|---|---|---|
Total Assets | $81,943,000,000 (3.47%) | $79,197,000,000 (4.80%) | $75,567,000,000 (-7.42%) | $81,626,000,000 (1.73%) |
Assets Current | - | - | - | - |
Assets Non-Current | - | - | - | - |
Goodwill & Intangible Assets | $347,000,000 (0.00%) | $347,000,000 (0.29%) | $346,000,000 (-0.86%) | $349,000,000 (-55.54%) |
Shareholders Equity | $17,066,000,000 (8.67%) | $15,704,000,000 (9.44%) | $14,349,000,000 (-19.60%) | $17,846,000,000 (-0.08%) |
Property Plant & Equipment Net | $10,738,000,000 (0.19%) | $10,718,000,000 (6.89%) | $10,027,000,000 (1.41%) | $9,888,000,000 (-5.39%) |
Cash & Equivalents | $541,000,000 (35.59%) | $399,000,000 (-25.00%) | $532,000,000 (-14.33%) | $621,000,000 (29.92%) |
Accumulated Other Comprehensive Income | -$1,867,000,000 (25.23%) | -$2,497,000,000 (24.79%) | -$3,320,000,000 (-1884.95%) | $186,000,000 (-67.99%) |
Deferred Revenue | $11,876,000,000 (2.14%) | $11,627,000,000 (4.86%) | $11,088,000,000 (8.03%) | $10,264,000,000 (12.27%) |
Total Investments | $51,130,000,000 (3.57%) | $49,369,000,000 (5.56%) | $46,768,000,000 (-13.29%) | $53,938,000,000 (0.17%) |
Investments Current | - | - | - | - |
Investments Non-Current | - | - | - | - |
Inventory | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Trade & Non-Trade Receivables | $10,522,000,000 (8.92%) | $9,660,000,000 (2.73%) | $9,403,000,000 (1.40%) | $9,273,000,000 (18.38%) |
Trade & Non-Trade Payables | $110,000,000 (39.24%) | $79,000,000 (-40.60%) | $133,000,000 (47.78%) | $90,000,000 (-2.17%) |
Accumulated Retained Earnings (Deficit) | $16,459,000,000 (5.39%) | $15,617,000,000 (4.59%) | $14,931,000,000 (1.05%) | $14,776,000,000 (4.42%) |
Tax Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Tax Liabilities | $550,000,000 (38.19%) | $398,000,000 (63.79%) | $243,000,000 (-77.48%) | $1,079,000,000 (1.31%) |
Total Debt | $8,944,000,000 (-0.66%) | $9,003,000,000 (-0.18%) | $9,019,000,000 (-0.66%) | $9,079,000,000 (-10.19%) |
Debt Current | - | - | - | - |
Debt Non-Current | - | - | - | - |
Total Liabilities | $64,006,000,000 (2.13%) | $62,672,000,000 (3.82%) | $60,366,000,000 (-3.34%) | $62,451,000,000 (2.29%) |
Liabilities Current | - | - | - | - |
Liabilities Non-Current | - | - | - | - |
L Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
---|---|---|---|---|
Revenues | $17,510,000,000 (10.12%) | $15,901,000,000 (13.22%) | $14,044,000,000 (-4.18%) | $14,657,000,000 (16.48%) |
Cost of Revenue | $11,083,000,000 (8.06%) | $10,256,000,000 (6.68%) | $9,614,000,000 (5.16%) | $9,142,000,000 (4.61%) |
Selling General & Administrative Expense | $4,170,000,000 (22.90%) | $3,393,000,000 (10.27%) | $3,077,000,000 (4.06%) | $2,957,000,000 (-37.35%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $4,170,000,000 (22.90%) | $3,393,000,000 (10.27%) | $3,077,000,000 (4.06%) | $2,957,000,000 (-37.35%) |
Interest Expense | $441,000,000 (17.29%) | $376,000,000 (-0.53%) | $378,000,000 (-10.85%) | $424,000,000 (-17.67%) |
Income Tax Expense | $380,000,000 (-15.74%) | $451,000,000 (102.24%) | $223,000,000 (-53.05%) | $475,000,000 (374.57%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | $1,494,000,000 (-3.30%) | $1,545,000,000 (73.40%) | $891,000,000 (-47.12%) | $1,685,000,000 (230.52%) |
Net Income to Non-Controlling Interests | $80,000,000 (-27.93%) | $111,000,000 (60.87%) | $69,000,000 (-43.90%) | $123,000,000 (134.17%) |
Net Income | $1,414,000,000 (-1.39%) | $1,434,000,000 (74.45%) | $822,000,000 (-47.38%) | $1,562,000,000 (267.78%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | $1,414,000,000 (-1.39%) | $1,434,000,000 (74.45%) | $822,000,000 (-47.38%) | $1,562,000,000 (267.78%) |
Weighted Average Shares | $220,260,000 (-3.17%) | $227,480,000 (-6.32%) | $242,830,000 (-6.49%) | $259,670,000 (-7.37%) |
Weighted Average Shares Diluted | $220,530,000 (-3.20%) | $227,810,000 (-6.36%) | $243,280,000 (-6.50%) | $260,200,000 (-7.18%) |
Earning Before Interest & Taxes (EBIT) | $2,235,000,000 (-1.15%) | $2,261,000,000 (58.89%) | $1,423,000,000 (-42.18%) | $2,461,000,000 (517.83%) |
Gross Profit | $6,427,000,000 (13.85%) | $5,645,000,000 (27.43%) | $4,430,000,000 (-19.67%) | $5,515,000,000 (43.47%) |
Operating Income | $2,257,000,000 (0.22%) | $2,252,000,000 (66.44%) | $1,353,000,000 (-47.11%) | $2,558,000,000 (392.01%) |
L Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
---|---|---|---|---|
Net Cash Flow from Investing | -$1,975,000,000 (28.05%) | -$2,745,000,000 (-16.96%) | -$2,347,000,000 (-97.73%) | -$1,187,000,000 (16.05%) |
Net Cash Flow from Financing | -$898,000,000 (30.92%) | -$1,300,000,000 (-25.36%) | -$1,037,000,000 (19.55%) | -$1,289,000,000 (-551.01%) |
Net Cash Flow from Operations | $3,025,000,000 (-22.57%) | $3,907,000,000 (17.89%) | $3,314,000,000 (26.34%) | $2,623,000,000 (50.32%) |
Net Cash Flow / Change in Cash & Cash Equivalents | $142,000,000 (206.77%) | -$133,000,000 (-49.44%) | -$89,000,000 (-162.24%) | $143,000,000 (0.70%) |
Net Cash Flow - Business Acquisitions and Disposals | $23,000,000 (105.74%) | -$401,000,000 (-2606.25%) | $16,000,000 (-96.78%) | $497,000,000 (204.41%) |
Net Cash Flow - Investment Acquisitions and Disposals | -$1,352,000,000 (8.65%) | -$1,480,000,000 (3.39%) | -$1,532,000,000 (-18.85%) | -$1,289,000,000 (-1176.24%) |
Capital Expenditure | -$632,000,000 (7.87%) | -$686,000,000 (-3.94%) | -$660,000,000 (-36.93%) | -$482,000,000 (32.11%) |
Issuance (Repayment) of Debt Securities | -$72,000,000 (28.00%) | -$100,000,000 (-49.25%) | -$67,000,000 (-1216.67%) | $6,000,000 (-99.36%) |
Issuance (Purchase) of Equity Shares | -$608,000,000 (28.39%) | -$849,000,000 (-16.46%) | -$729,000,000 (35.83%) | -$1,136,000,000 (-23.08%) |
Payment of Dividends & Other Cash Distributions | -$55,000,000 (3.51%) | -$57,000,000 (6.56%) | -$61,000,000 (6.15%) | -$65,000,000 (7.14%) |
Effect of Exchange Rate Changes on Cash | -$10,000,000 (-300.00%) | $5,000,000 (126.32%) | -$19,000,000 (-375.00%) | -$4,000,000 (-144.44%) |
Share Based Compensation | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Depreciation Amortization & Accretion | $583,000,000 (8.36%) | $538,000,000 (5.70%) | $509,000,000 (-1.17%) | $515,000,000 (-29.84%) |
L Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
---|---|---|---|---|
Gross Margin | 36.70% (3.38%) | 35.50% (12.70%) | 31.50% (-16.22%) | 37.60% (23.28%) |
Profit Margin | 8.10% (-10.00%) | 9.00% (52.54%) | 5.90% (-44.86%) | 10.70% (244.59%) |
EBITDA Margin | 16.10% (-8.52%) | 17.60% (27.54%) | 13.80% (-32.02%) | 20.30% (1591.67%) |
Return on Average Equity (ROAE) | 8.40% (-13.40%) | 9.70% (76.36%) | 5.50% (-37.50%) | 8.80% (262.96%) |
Return on Average Assets (ROAA) | 1.70% (-10.53%) | 1.90% (72.73%) | 1.10% (-42.11%) | 1.90% (258.33%) |
Return on Sales (ROS) | 12.80% (-9.86%) | 14.20% (40.59%) | 10.10% (-39.88%) | 16.80% (457.45%) |
Return on Invested Capital (ROIC) | 2.50% (-3.85%) | 2.60% (52.94%) | 1.70% (-39.29%) | 2.80% (500.00%) |
Dividend Yield | 0.30% (-25.00%) | 0.40% (0.00%) | 0.40% (0.00%) | 0.40% (-33.33%) |
Price to Earnings Ratio (P/E) | 13.19 (19.43%) | 11.05 (-35.80%) | 17.21 (79.32%) | 9.6 (170.76%) |
Price to Sales Ratio (P/S) | 1.06 (6.93%) | 1 (-1.29%) | 1.01 (-1.37%) | 1.02 (1.99%) |
Price to Book Ratio (P/B) | 1.08 (9.30%) | 0.99 (2.49%) | 0.96 (17.54%) | 0.82 (18.47%) |
Debt to Equity Ratio (D/E) | 3.75 (-6.04%) | 3.99 (-5.13%) | 4.21 (20.23%) | 3.5 (2.34%) |
Earnings Per Share (EPS) | 6.42 (1.90%) | 6.3 (85.84%) | 3.39 (-43.69%) | 6.02 (281.33%) |
Sales Per Share (SPS) | 79.5 (13.73%) | 69.9 (20.86%) | 57.84 (2.46%) | 56.45 (25.75%) |
Free Cash Flow Per Share (FCFPS) | 10.86 (-23.27%) | 14.16 (29.55%) | 10.93 (32.55%) | 8.24 (123.32%) |
Book Value Per Share (BVPS) | 77.48 (12.23%) | 69.03 (16.83%) | 59.09 (-14.02%) | 68.73 (7.87%) |
Tangible Assets Book Value Per Share (TABVPS) | 370.45 (6.87%) | 346.62 (11.90%) | 309.77 (-1.03%) | 313 (10.43%) |
Enterprise Value Over EBIT (EV/EBIT) | 12 (9.09%) | 11 (-31.25%) | 16 (77.78%) | 9 (124.32%) |
Enterprise Value Over EBITDA (EV/EBITDA) | 9.73 (13.71%) | 8.56 (-25.68%) | 11.52 (49.33%) | 7.71 (-94.89%) |
Asset Turnover | 0.21 (4.39%) | 0.2 (12.02%) | 0.18 (1.67%) | 0.18 (13.21%) |
Current Ratio | - | - | - | - |
Dividends | $0.25 (-1.20%) | $0.25 (0.00%) | $0.25 (0.00%) | $0.25 (0.00%) |
Free Cash Flow (FCF) | $2,393,000,000 (-25.71%) | $3,221,000,000 (21.36%) | $2,654,000,000 (23.96%) | $2,141,000,000 (106.86%) |
Enterprise Value (EV) | $27,429,511,941 (14.48%) | $23,960,012,177 (7.68%) | $22,252,119,943 (-3.06%) | $22,953,811,637 (4.83%) |
Earnings Before Tax (EBT) | $1,794,000,000 (-4.83%) | $1,885,000,000 (80.38%) | $1,045,000,000 (-48.70%) | $2,037,000,000 (284.51%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $2,818,000,000 (0.68%) | $2,799,000,000 (44.88%) | $1,932,000,000 (-35.08%) | $2,976,000,000 (1952.41%) |
Invested Capital | $89,999,000,000 (2.91%) | $87,454,000,000 (4.48%) | $83,708,000,000 (-6.72%) | $89,735,000,000 (0.73%) |
Working Capital | - | - | - | - |
Tangible Asset Value | $81,596,000,000 (3.48%) | $78,850,000,000 (4.82%) | $75,221,000,000 (-7.45%) | $81,277,000,000 (2.30%) |
Market Capitalization | $18,443,511,941 (18.71%) | $15,536,012,177 (12.18%) | $13,849,119,943 (-5.48%) | $14,652,811,637 (18.41%) |
Average Equity | $16,747,750,000 (13.15%) | $14,801,500,000 (-1.33%) | $15,001,500,000 (-15.50%) | $17,754,000,000 (2.33%) |
Average Assets | $81,880,750,000 (5.80%) | $77,393,250,000 (0.87%) | $76,723,250,000 (-5.56%) | $81,241,250,000 (2.39%) |
Invested Capital Average | $90,542,500,000 (5.81%) | $85,567,750,000 (0.90%) | $84,802,000,000 (-5.07%) | $89,334,000,000 (0.99%) |
Shares | 217,776,738 (-2.45%) | 223,250,642 (-5.97%) | 237,427,052 (-6.41%) | 253,684,412 (-7.71%) |