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Whirlpool Corp (WHR) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2020

Whirlpool Corp

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CIK: 106640 Ticker: WHR

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Whirlpool Corporation Delivering on Long-Term Value Creation Targets
with Very Strong Fourth-Quarter and Full-Year Results
•Q4 net sales growth of 7.7% and organic net sales(5) (non-GAAP) growth of 10.3%, driven by strong consumer demand
•Very strong Q4 GAAP net earnings margin of 8.6% (up 320 basis points) and ongoing (non-GAAP) EBIT margin(2) of 11.3% (up 410 basis points), with positive EBIT and significant margin expansion in all regions
•Solid full-year GAAP earnings per diluted share of $17.07 and record ongoing earnings per diluted share(1) (non-GAAP) of $18.55, exceeding guidance
•Significant cash generation for full-year 2020; cash provided by operating activities of $1.5 billion and free cash flow(4) of $1.25 billion, with positive cash flow in North America, Latin America and EMEA
•2021 outlook includes earnings per diluted share of $17.80 to $18.80 on a GAAP basis and $19.00 to $20.00 on an ongoing(1) basis; cash provided by operating activities of ~$1.55 billion and free cash flow(4) of $1 billion or more
BENTON HARBOR, Mich., January 27, 2021
- Whirlpool Corporation (NYSE: WHR), the leading kitchen and laundry appliance company in the world, today reported financial results for the fourth-quarter of 2020.
"
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Despite a challenging environment in 2020, we continued to deliver against our long-term strategy and reported our third consecutive year of record ongoing earnings per share," said Marc Bitzer, chairman and chief executive officer of Whirlpool Corporation. "As we enter into 2021, we continue to see signs of economic recovery - such as positive demand and encouraging structural housing trends - and remain well-positioned to drive sustained shareholder value over the long term."
MARC BITZER





1
The following information was filed by Whirlpool Corp (WHR) on Wednesday, January 27, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Whirlpool Corp's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Stockholders' Equity
Consolidated Statements Of Comprehensive Income (Loss)
Consolidated Statements Of Income (Loss)
Cash, Cash Equivalents And Restricted Cash
Cash, Cash Equivalents And Restricted Cash (Details)
Cash, Cash Equivalents And Restricted Cash (Tables)
Commitments And Contingencies
Commitments And Contingencies (Guarantee Narrative) (Details)
Commitments And Contingencies (Legal Contingencies Narrative) (Details)
Commitments And Contingencies (Product Warranty Narrative) (Details)
Commitments And Contingencies (Schedule Of Product Warranty And Recall Reserves) (Details)
Commitments And Contingencies (Schedule Of Purchase Obligations) (Details)
Commitments And Contingencies (Tables)
Divestitures And Held For Sale
Divestitures And Held For Sale (Details)
Divestitures And Held For Sale (Tables)
Fair Value Measurements
Fair Value Measurements (Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details)
Fair Value Measurements (Level 3 Assets Measured At Fair Value On A Nonrecurring Basis) (Details)
Fair Value Measurements (Narrative) (Details)
Fair Value Measurements (Tables)
Financing Arrangements
Financing Arrangements (Narrative) (Details)
Financing Arrangements (Schedule Of Notes Payable) (Details)
Financing Arrangements (Summary Of Debt) (Details)
Financing Arrangements (Summary Of The Contractual Maturities Of Debt Including Current Maturities) (Details)
Financing Arrangements (Tables)
Goodwill And Other Intangibles
Goodwill And Other Intangibles (Estimated Amortization Expense) (Details)
Goodwill And Other Intangibles (Goodwill By Segment) (Details)
Goodwill And Other Intangibles (Other Intangible Assets) (Details)
Goodwill And Other Intangibles (Other Intangible Narrative) (Details)
Goodwill And Other Intangibles (Tables)
Hedges And Derivative Financial Instruments
Hedges And Derivative Financial Instruments (Narrative) (Details)
Hedges And Derivative Financial Instruments (Schedule Of Effects Of Derivative Instruments On Consolidated Statements Of Income) (Details)
Hedges And Derivative Financial Instruments (Schedule Of Net Investment Hedging) (Details)
Hedges And Derivative Financial Instruments (Schedule Of Outstanding Derivative Contracts) (Details)
Hedges And Derivative Financial Instruments (Tables)
Income Taxes
Income Taxes (Dta And Dtl) (Details)
Income Taxes (Income Tax (Benefit) Provision) (Details)
Income Taxes (Narrative) (Details)
Income Taxes (Schedule Of Reconciliations Between Tax Expense And The Consolidated Effective Income Tax Rate For Earnings Before Income Taxes And Other Items - Tax Rates) (Details)
Income Taxes (Schedule Of Unrecognized Tax Benefits) (Details)
Income Taxes (Tables)
Inventories
Inventories (Details)
Inventories (Tables)
Leases
Leases (Tables)
Leases - Maturities Of Lease Liabilities (Details)
Leases - Narrative (Details)
Pension And Other Postretirement Benefit Plans
Pension And Other Postretirement Benefit Plans (Accumulated Benefit Obligation In Excess Of Plan Assets) (Details)
Pension And Other Postretirement Benefit Plans (Change In Benefit Obligation) (Details)
Pension And Other Postretirement Benefit Plans (Change In Plan Assets) (Details)
Pension And Other Postretirement Benefit Plans (Components Of Net Periodic Benefit Cost) (Details)
Pension And Other Postretirement Benefit Plans (Effect Of Significant Unobservable Inputs (Level 3)) (Details)
Pension And Other Postretirement Benefit Plans (Expected Benefit Payments) (Details)
Pension And Other Postretirement Benefit Plans (Expected Employer Contributions To Funded Plans) (Details)
Pension And Other Postretirement Benefit Plans (Fair Value Of Plan Assets By Category) (Details)
Pension And Other Postretirement Benefit Plans (Narrative) (Details)
Pension And Other Postretirement Benefit Plans (Obligations And Funded Status At End Of Year) (Details)
Pension And Other Postretirement Benefit Plans (Other Changes In Plan Assets And Benefit Obligations Recognized In Oci) (Details)
Pension And Other Postretirement Benefit Plans (Pbo And Fair Value Of Plan Assets) (Details)
Pension And Other Postretirement Benefit Plans (Tables)
Pension And Other Postretirement Benefit Plans (Weighted-Average Assumptions Used To Determine Benefit Obligation At End Of Year And Net Periodic Cost) (Details)
Quarterly Results Of Operations (Unaudited)
Quarterly Results Of Operations (Unaudited) (Details)
Quarterly Results Of Operations (Unaudited) (Tables)
Restructuring Charges
Restructuring Charges (By Segment) (Details)
Restructuring Charges (Changes To Restructuring Liability) (Details)
Restructuring Charges (Narrative) (Details)
Restructuring Charges (Restructuring Actions) (Details)
Restructuring Charges (Tables)
Revenue Recognition
Revenue Recognition (Tables)
Revenue Recognition - Allowance For Doubtful Accounts By Operating Segment (Details)
Revenue Recognition - Disaggregation Of Revenue (Details)
Schedule Ii - Valuation And Qualifying Accounts
Schedule Ii - Valuation And Qualifying Accounts (Details)
Segment Information
Segment Information (Net Sales And Long-Lived Assets By Country) (Details)
Segment Information (Schedule Of Operating Segment Information) (Details)
Segment Information (Tables)
Share-Based Incentive Plans
Share-Based Incentive Plans (Narrative) (Details)
Share-Based Incentive Plans (Stock Option Activity) (Details)
Share-Based Incentive Plans (Stock Options Outstanding, Additional Info) (Details)
Share-Based Incentive Plans (Stock Units) (Details)
Share-Based Incentive Plans (Tables)
Share-Based Incentive Plans (Weighted Average Assumptions) (Details)
Significant Accounting Policies
Significant Accounting Policies (Narrative) (Details)
Significant Accounting Policies (Policies)
Significant Accounting Policies (Property) (Details)
Significant Accounting Policies (Tables)
Stockholders' Equity
Stockholders' Equity (Narrative) (Details)
Stockholders' Equity (Net Earnings Per Share) (Details)
Stockholders' Equity (Other Comprehensive Income) (Details)
Stockholders' Equity (Tables)
Ticker: WHR
CIK: 106640
Form Type: 10-K Annual Report
Accession Number: 0000106640-21-000022
Submitted to the SEC: Thu Feb 11 2021 9:04:11 AM EST
Accepted by the SEC: Thu Feb 11 2021
Period: Thursday, December 31, 2020
Industry: Household Appliances

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