Gates Industrial Corporation plc (GTES)

GTES Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 27, 2025	Dec 28, 2024	Dec 30, 2023	Dec 31, 2022	Jan 1, 2022	Jan 2, 2021
Cash & Equivalents	689.4	682	720.6	578.4	658.2	521.4
Trading Asset Securities	1.5	13.4	29.9	33.3	-	-
Cash & Short-Term Investments	690.9	695.4	750.5	611.7	658.2	521.4
Cash Growth	16.75%	-7.34%	22.69%	-7.07%	26.24%	-17.93%
Accounts Receivable	833.3	722.7	768.2	808.6	708.1	695
Other Receivables	46.4	28.6	30.4	13	19.1	28.6
Receivables	879.7	751.3	798.6	821.6	727.2	723.6
Inventory	718.1	676	647.2	656.2	682.6	508.2
Prepaid Expenses	181.8	162.1	189.2	173.4	205.1	149
Restricted Cash	-	2.8	3.4	3	2.7	2.7
Other Current Assets	14.5	18.4	12.4	11.5	2.9	1.7
Total Current Assets	2,485	2,306	2,401	2,277	2,279	1,907
Property, Plant & Equipment	751.3	718.9	750.1	769.7	794.5	825.9
Long-Term Investments	0.6	0.2	11.8	32.7	7.7	-
Goodwill	2,020	1,909	2,039	1,981	2,063	2,120
Other Intangible Assets	1,207	1,249	1,386	1,490	1,642	1,789
Long-Term Deferred Tax Assets	627.1	553.5	622.4	600.3	639.3	672.6
Other Long-Term Assets	58.9	50.2	44.1	40	107.6	112.4
Total Assets	7,150	6,786	7,255	7,192	7,533	7,426
Accounts Payable	385.3	408.2	457.7	469.6	506.6	417.4
Accrued Expenses	242.3	216.7	208.9	133	214	195
Current Portion of Long-Term Debt	31.9	45.3	46.4	47.3	52.3	57.5
Current Portion of Leases	-	25.2	22.8	24.8	22	22.6
Current Income Taxes Payable	26.5	22.9	36.6	23.5	34.1	14
Other Current Liabilities	19.4	3.2	6.9	54.1	26.9	19.8
Total Current Liabilities	705.4	721.5	779.3	752.3	855.9	726.3
Long-Term Debt	2,211	2,312	2,429	2,449	2,554	2,712
Long-Term Leases	126.3	127.3	110.6	121.9	116.4	113.6
Pension & Post-Retirement Benefits	68	78	83.8	76.2	106.2	142.5
Long-Term Deferred Tax Liabilities	58.1	56.8	119.4	192	283.7	360.4
Other Long-Term Liabilities	265.8	150.6	188.9	157.1	135.5	186.9
Total Liabilities	3,435	3,446	3,711	3,748	4,052	4,241
Common Stock	2.6	2.6	2.6	2.8	2.9	2.9
Additional Paid-In Capital	2,629	2,619	2,584	2,542	2,484	2,457
Retained Earnings	1,667	1,480	1,462	1,483	1,438	1,151
Comprehensive Income & Other	-928.3	-1,077	-828.5	-917.8	-825.2	-805.4
Total Common Equity	3,370	3,024	3,220	3,110	3,100	2,806
Minority Interest	345.1	316.7	323.7	333.6	381.7	379.3
Shareholders' Equity	3,715	3,340	3,544	3,444	3,481	3,185
Total Liabilities & Equity	7,150	6,786	7,255	7,192	7,533	7,426
Total Debt	2,369	2,510	2,608	2,643	2,745	2,905
Net Cash (Debt)	-1,678	-1,814	-1,858	-2,031	-2,086	-2,384
Net Cash Per Share	-6.43	-6.85	-6.74	-7.06	-7.02	-8.16
Filing Date Shares Outstanding	258.28	255.41	264.27	282.6	291.35	290.85
Total Common Shares Outstanding	258.28	255.2	264.26	282.58	291.28	290.85
Working Capital	1,780	1,585	1,622	1,525	1,423	1,180
Book Value Per Share	13.05	11.85	12.19	11.01	10.64	9.65
Tangible Book Value	143.2	-133.9	-204.6	-361.5	-605.5	-1,103
Tangible Book Value Per Share	0.55	-0.52	-0.77	-1.28	-2.08	-3.79
Land	-	322	335	321.4	329.2	333
Machinery	-	991.2	996.8	884.6	873.3	881.3
Construction In Progress	-	63.3	55.1	100.9	81	50.4

Updated Oct 29, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q