$MTW
MANITOWOC CO INC

2020 Q4 Form 10-K Financial Statement

#000156459021005680 Filed on February 12, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q2 2020 Q1
Revenue $430.3M $328.3M $329.2M
YoY Change -7.14% -34.95% -21.24%
Cost Of Revenue $352.3M $279.9M $266.0M
YoY Change -8.04% -31.65% -21.26%
Gross Profit $78.00M $48.40M $63.20M
YoY Change -2.86% -49.16% -21.2%
Gross Profit Margin 18.13% 14.74% 19.2%
Selling, General & Admin $53.70M $49.70M $55.90M
YoY Change -11.82% -1.58% -5.89%
% of Gross Profit 68.85% 102.69% 88.45%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.00M $9.100M $9.000M
YoY Change 13.64% 5.81% 2.27%
% of Gross Profit 12.82% 18.8% 14.24%
Operating Expenses $53.80M $49.80M $56.00M
YoY Change -11.8% -1.58% -5.88%
Operating Profit $24.20M -$1.600M $5.700M
YoY Change 35.96% -103.82% -64.81%
Interest Expense -$7.800M -$7.500M -$7.600M
YoY Change 5.41% -200.0% -169.72%
% of Operating Profit -32.23% -133.33%
Other Income/Expense, Net -$5.700M -$2.900M -$11.60M
YoY Change -670.0% -136.25% -70.71%
Pretax Income $9.300M -$12.00M -$5.900M
YoY Change -17.7% -124.05% -74.79%
Income Tax $7.500M $700.0K $1.900M
% Of Pretax Income 80.65%
Net Earnings $1.800M -$12.70M -$7.800M
YoY Change -80.43% -127.61% -70.79%
Net Earnings / Revenue 0.42% -3.87% -2.37%
Basic Earnings Per Share $0.05 -$0.37 -$0.22
Diluted Earnings Per Share $0.05 -$0.37 -$0.22
COMMON SHARES
Basic Shares Outstanding 34.52M 35.14M
Diluted Shares Outstanding 34.52M 35.14M

Balance Sheet

Concept 2020 Q4 2020 Q2 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $128.7M $128.3M $103.6M
YoY Change -35.42% 266.57% 111.43%
Cash & Equivalents $128.7M $128.3M $103.6M
Short-Term Investments
Other Short-Term Assets $35.50M $33.00M $29.20M
YoY Change 36.54% -11.29% -31.78%
Inventory $473.1M $534.5M $545.6M
Prepaid Expenses
Receivables $215.1M $171.9M $169.3M
Other Receivables $13.60M $14.00M $15.10M
Total Short-Term Assets $866.0M $881.7M $862.8M
YoY Change -0.73% -2.84% -2.87%
LONG-TERM ASSETS
Property, Plant & Equipment $294.3M $277.8M $277.6M
YoY Change 1.52% -2.01% -2.97%
Goodwill $235.1M $232.0M $230.3M
YoY Change 1.12% -0.3% -1.29%
Intangibles $121.6M $115.9M $114.9M
YoY Change 4.56% -1.36% -1.54%
Long-Term Investments
YoY Change
Other Assets $48.60M $39.90M $53.50M
YoY Change -17.63% -37.46% -11.42%
Total Long-Term Assets $737.5M $723.2M $721.2M
YoY Change -1.05% -2.94% -3.27%
TOTAL ASSETS
Total Short-Term Assets $866.0M $881.7M $862.8M
Total Long-Term Assets $737.5M $723.2M $721.2M
Total Assets $1.604B $1.605B $1.584B
YoY Change -0.88% -2.89% -3.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $178.1M $177.9M $211.5M
YoY Change -4.81% -32.89% -22.3%
Accrued Expenses $161.8M $154.7M $146.9M
YoY Change -1.4% -8.14% -8.07%
Deferred Revenue $25.50M $15.80M $21.00M
YoY Change -1.16% 49.06% 57.89%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $10.50M $4.300M $3.900M
YoY Change 176.32% -50.57% -33.9%
Total Short-Term Liabilities $435.8M $420.7M $451.9M
YoY Change -1.16% -17.33% -10.57%
LONG-TERM LIABILITIES
Long-Term Debt $300.4M $356.9M $307.9M
YoY Change -2.59% 15.28% -9.97%
Other Long-Term Liabilities $53.80M $47.30M $44.10M
YoY Change 16.2% 10.77% 7.04%
Total Long-Term Liabilities $524.2M $568.5M $515.4M
YoY Change -1.26% 8.49% -6.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $435.8M $420.7M $451.9M
Total Long-Term Liabilities $524.2M $568.5M $515.4M
Total Liabilities $960.0M $989.2M $967.3M
YoY Change -1.21% -4.23% -8.58%
SHAREHOLDERS EQUITY
Retained Earnings $216.9M $215.5M $228.2M
YoY Change -8.17% 3.16% 40.09%
Common Stock $595.5M $596.4M $594.1M
YoY Change 0.49% 1.22% 1.31%
Preferred Stock
YoY Change
Treasury Stock (at cost) $71.40M $72.10M $72.20M
YoY Change 15.35% 15.92% 31.27%
Treasury Stock Shares $6.213M $6.273M $6.285M
Shareholders Equity $643.5M $615.7M $616.7M
YoY Change
Total Liabilities & Shareholders Equity $1.604B $1.605B $1.584B
YoY Change -0.88% -2.89% -3.05%

Cashflow Statement

Concept 2020 Q4 2020 Q2 2020 Q1
OPERATING ACTIVITIES
Net Income $1.800M -$12.70M -$7.800M
YoY Change -80.43% -127.61% -70.79%
Depreciation, Depletion And Amortization $10.00M $9.100M $9.000M
YoY Change 13.64% 5.81% 2.27%
Cash From Operating Activities $35.80M -$20.10M -$78.60M
YoY Change -75.24% -163.01% -70.59%
INVESTING ACTIVITIES
Capital Expenditures -$11.00M $4.400M $3.600M
YoY Change -13.39% -16.98% -18.18%
Acquisitions
YoY Change
Other Investing Activities $300.0K $0.00 $100.0K
YoY Change -99.92%
Cash From Investing Activities -$10.70M -$4.400M -$3.500M
YoY Change -15.75% -16.98% -102.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $12.00M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -200.0K 49.00M -12.40M
YoY Change -85.71% -222.81% -124.95%
NET CHANGE
Cash From Operating Activities 35.80M -20.10M -78.60M
Cash From Investing Activities -10.70M -4.400M -3.500M
Cash From Financing Activities -200.0K 49.00M -12.40M
Net Change In Cash 24.90M 24.50M -95.70M
YoY Change -80.92% -284.21% 4.82%
FREE CASH FLOW
Cash From Operating Activities $35.80M -$20.10M -$78.60M
Capital Expenditures -$11.00M $4.400M $3.600M
Free Cash Flow $46.80M -$24.50M -$82.20M
YoY Change -70.25% -192.11% -69.75%

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CY2020 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Product Liabilities<span style="font-weight:normal;"> The Company records product liability reserves for its self-insured portion of any outstanding product liability cases when losses are probable and reasonably estimable. The reserve is based upon two estimates. First, the Company tracks the population of all outstanding product liability cases to determine an appropriate case reserve for each based upon the Company’s best judgment with the advice of legal counsel. These estimates are continually evaluated and adjusted based upon changes to facts and circumstances surrounding the case. Second, the Company determines the amount of additional reserve required to cover incurred, but not reported, product liability obligations and to account for possible adverse development of the established case reserves utilizing actuarially developed estimates. </span></p>
CY2020 mtw Loss Contingency Accrual Product Liability Estimates Number
LossContingencyAccrualProductLiabilityEstimatesNumber
2
CY2020 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
30600000
CY2019 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
31100000
CY2018 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
35200000
CY2019Q4 us-gaap Aoci Derivative Qualifying As Hedge Excluded Component After Tax
AociDerivativeQualifyingAsHedgeExcludedComponentAfterTax
0
CY2020Q4 us-gaap Aoci Derivative Qualifying As Hedge Excluded Component After Tax
AociDerivativeQualifyingAsHedgeExcludedComponentAfterTax
0
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
25800000
CY2018Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
9600000
CY2020 mtw Contract With Customer Liability Cash Received In Advance Of Satisfying Performance Obligation
ContractWithCustomerLiabilityCashReceivedInAdvanceOfSatisfyingPerformanceObligation
108000000.0
CY2019 mtw Contract With Customer Liability Cash Received In Advance Of Satisfying Performance Obligation
ContractWithCustomerLiabilityCashReceivedInAdvanceOfSatisfyingPerformanceObligation
112200000
CY2020 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-108500000
CY2019 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-96300000
CY2020 mtw Contract With Customer Liability Currency Translation
ContractWithCustomerLiabilityCurrencyTranslation
200000
CY2019 mtw Contract With Customer Liability Currency Translation
ContractWithCustomerLiabilityCurrencyTranslation
300000
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
25500000
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
25800000
CY2020Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
114900000
CY2019Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
156300000
CY2020Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
105500000
CY2019Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
116300000
CY2020Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
305800000
CY2019Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
239400000
CY2020Q4 us-gaap Inventory Gross
InventoryGross
526200000
CY2019Q4 us-gaap Inventory Gross
InventoryGross
512000000.0
CY2020Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
53100000
CY2019Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
50600000
CY2020Q4 us-gaap Inventory Net
InventoryNet
473100000
CY2019Q4 us-gaap Inventory Net
InventoryNet
461400000
CY2020Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
13600000
CY2020Q4 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
12700000
CY2019Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
17400000
CY2019Q4 us-gaap Notes And Loans Receivable Net Noncurrent
NotesAndLoansReceivableNetNoncurrent
16300000
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
756100000
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
722200000
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
461800000
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
432300000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
294300000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
289900000
CY2020 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2019 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2020Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
3300000
CY2020Q1 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
CY2018Q4 us-gaap Goodwill
Goodwill
232800000
CY2019 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-300000
CY2019Q4 us-gaap Goodwill
Goodwill
232500000
CY2020 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
2600000
CY2020Q4 us-gaap Goodwill
Goodwill
235100000
CY2020Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
160500000
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
38900000
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
121600000
CY2019Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
153500000
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
37200000
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
116300000
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
300000
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
300000
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
300000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
300000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
300000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Rolling Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextRollingTwelveMonths
300000
CY2020Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
178100000
CY2019Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
187100000
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
38500000
CY2019Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
56600000
CY2020Q4 us-gaap Accrued Vacation Current
AccruedVacationCurrent
22400000
CY2019Q4 us-gaap Accrued Vacation Current
AccruedVacationCurrent
20200000
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
90400000
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
76900000
CY2020Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
329400000
CY2019Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
340800000
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
3800000
CY2019Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
4500000
CY2020Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
310900000
CY2019Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
312200000
CY2020Q4 us-gaap Debt Current
DebtCurrent
10500000
CY2019Q4 us-gaap Debt Current
DebtCurrent
3800000
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
300400000
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
308400000
CY2019 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-25000000.0
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
10500000
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
2500000
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1000000.0
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
300700000
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
314700000
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
3800000
CY2020 mtw Accounts Receivable Securitization Financial Covenants Compliance Period
AccountsReceivableSecuritizationFinancialCovenantsCompliancePeriod
P12M
CY2019 us-gaap Proceeds From Accounts Receivable Securitization
ProceedsFromAccountsReceivableSecuritization
149000000.0
CY2019 us-gaap Cash Flows Between Transferee And Transferor Proceeds From Collections Reinvested In Revolving Period Transfers
CashFlowsBetweenTransfereeAndTransferorProceedsFromCollectionsReinvestedInRevolvingPeriodTransfers
182800000
CY2020 mtw Accounts Receivable Securitization Program Maximum Capacity
AccountsReceivableSecuritizationProgramMaximumCapacity
55000000
CY2020 us-gaap Proceeds From Accounts Receivable Securitization
ProceedsFromAccountsReceivableSecuritization
161000000.0
CY2019 mtw Accounts Receivable Securitization Program Maximum Capacity
AccountsReceivableSecuritizationProgramMaximumCapacity
35000000.0
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-51600000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-10000000.0
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-76400000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
49600000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
69000000.0
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
4700000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2000000.0
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
59000000.0
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-71700000
CY2020 mtw Current Federal And State Tax Expense Benefit
CurrentFederalAndStateTaxExpenseBenefit
-4300000
CY2019 mtw Current Federal And State Tax Expense Benefit
CurrentFederalAndStateTaxExpenseBenefit
-700000
CY2018 mtw Current Federal And State Tax Expense Benefit
CurrentFederalAndStateTaxExpenseBenefit
-7300000
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
16600000
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
11600000
CY2018 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
13600000
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
12300000
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
10900000
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
6300000
CY2020 mtw Deferred Federal And State Income Tax Expense Benefit
DeferredFederalAndStateIncomeTaxExpenseBenefit
300000
CY2019 mtw Deferred Federal And State Income Tax Expense Benefit
DeferredFederalAndStateIncomeTaxExpenseBenefit
200000
CY2018 mtw Deferred Federal And State Income Tax Expense Benefit
DeferredFederalAndStateIncomeTaxExpenseBenefit
-6200000
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
4500000
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
1300000
CY2018 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-4900000
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
4800000
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1500000
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-11100000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
17100000
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12400000
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4800000
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-400000
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
12400000
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-15100000
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1900000
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-100000
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-3100000
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Research And Development
IncomeTaxReconciliationNondeductibleExpenseResearchAndDevelopment
800000
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Research And Development
IncomeTaxReconciliationNondeductibleExpenseResearchAndDevelopment
3000000.0
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense Research And Development
IncomeTaxReconciliationNondeductibleExpenseResearchAndDevelopment
1700000
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Amount
EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActOf2017Amount
-2600000
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Amount
EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActOf2017Amount
2300000
CY2020 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
10700000
CY2019 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-1300000
CY2018 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-6900000
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
22200000
CY2019 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
4500000
CY2018 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
1300000
CY2020 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
-14600000
CY2019 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
4000000.0
CY2018 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
-1800000
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
IncomeTaxReconciliationNondeductibleExpenseImpairmentLosses
17600000
CY2020 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-1900000
CY2019 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-1500000
CY2018 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
2600000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
17100000
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12400000
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4800000
CY2018 mtw Tax Cuts And Jobs Act Of2017 Transition Tax Obligation
TaxCutsAndJobsActOf2017TransitionTaxObligation
57200000
CY2018 mtw Tax Cuts And Jobs Act Of2017 Related To Gilti Provisional Income Tax Expense
TaxCutsAndJobsActOf2017RelatedToGILTIProvisionalIncomeTaxExpense
0
CY2019 mtw Tax Cuts And Jobs Act Of2017 Related To Gilti Provisional Income Tax Expense
TaxCutsAndJobsActOf2017RelatedToGILTIProvisionalIncomeTaxExpense
0
CY2020 mtw Tax Cuts And Jobs Act Of2017 Related To Gilti Provisional Income Tax Expense
TaxCutsAndJobsActOf2017RelatedToGILTIProvisionalIncomeTaxExpense
0
CY2020 mtw Tax Cuts And Jobs Act Of2017 Base Erosion And Anti Abuse Tax Income Tax Expense
TaxCutsAndJobsActOf2017BaseErosionAndAntiAbuseTaxIncomeTaxExpense
0
CY2019 mtw Tax Cuts And Jobs Act Of2017 Base Erosion And Anti Abuse Tax Income Tax Expense
TaxCutsAndJobsActOf2017BaseErosionAndAntiAbuseTaxIncomeTaxExpense
0
CY2018 mtw Tax Cuts And Jobs Act Of2017 Base Erosion And Anti Abuse Tax Income Tax Expense
TaxCutsAndJobsActOf2017BaseErosionAndAntiAbuseTaxIncomeTaxExpense
0
CY2020 mtw Recognized Tax Adjustments Settlements And Unusual Provisions
RecognizedTaxAdjustmentsSettlementsAndUnusualProvisions
3700000
CY2018 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-1300000
CY2019 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-4500000
CY2020 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-22200000
CY2018 mtw Tax Cuts And Jobs Act Change In Tax Rate Deferred Tax Asset Income Tax Expense
TaxCutsAndJobsActChangeInTaxRateDeferredTaxAssetIncomeTaxExpense
1700000
CY2020Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
22800000
CY2019Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
24300000
CY2020Q4 mtw Deferred Tax Liabilities Accounts Receivable
DeferredTaxLiabilitiesAccountsReceivable
2700000
CY2019Q4 mtw Deferred Tax Liabilities Accounts Receivable
DeferredTaxLiabilitiesAccountsReceivable
3700000
CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
17200000
CY2019Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
8200000
CY2020Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
36000000.0
CY2019Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
34100000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
34700000
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
39800000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsWarrantyReserves
9300000
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsWarrantyReserves
8600000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
2000000.0
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
3000000.0
CY2020Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
7700000
CY2019Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
5400000
CY2020Q4 mtw Deferred Tax Assets Operating Loss And Other Tax Attribute Carryforwards
DeferredTaxAssetsOperatingLossAndOtherTaxAttributeCarryforwards
142600000
CY2019Q4 mtw Deferred Tax Assets Operating Loss And Other Tax Attribute Carryforwards
DeferredTaxAssetsOperatingLossAndOtherTaxAttributeCarryforwards
125700000
CY2020Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
3900000
CY2019Q4 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
5800000
CY2020Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
-18000000.0
CY2019Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
-11900000
CY2020Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
185100000
CY2019Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
178500000
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
171400000
CY2019Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
157100000
CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
13700000
CY2019Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
21400000
CY2020Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
19600000
CY2019Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
26900000
CY2020Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
5900000
CY2019Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
5500000
CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
13700000
CY2019Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
21400000
CY2020 mtw Tax Cuts And Jobs Act Change In Tax Rate Deferred Tax Asset Income Tax Expense
TaxCutsAndJobsActChangeInTaxRateDeferredTaxAssetIncomeTaxExpense
900000
CY2020 mtw Tax Cuts And Jobs Act Change In Tax Rate Deferred Tax Liability Unremitted Earnings Of Foreign Subsidiaries
TaxCutsAndJobsActChangeInTaxRateDeferredTaxLiabilityUnremittedEarningsOfForeignSubsidiaries
239400000
CY2019 mtw Tax Cuts And Jobs Act Change In Tax Rate Deferred Tax Asset Income Tax Expense
TaxCutsAndJobsActChangeInTaxRateDeferredTaxAssetIncomeTaxExpense
1800000
CY2019 mtw Tax Cuts And Jobs Act Change In Tax Rate Deferred Tax Liability Unremitted Earnings Of Foreign Subsidiaries
TaxCutsAndJobsActChangeInTaxRateDeferredTaxLiabilityUnremittedEarningsOfForeignSubsidiaries
255300000
CY2020 mtw Tax Cuts And Jobs Act Change In Tax Rate Deferred Tax Liability Additional Unremitted Earnings Of Foreign Subsidiaries
TaxCutsAndJobsActChangeInTaxRateDeferredTaxLiabilityAdditionalUnremittedEarningsOfForeignSubsidiaries
463000000.0
CY2020 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
5500000
CY2019 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
1700000
CY2018 us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
7600000
CY2020 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
-3100000
CY2019 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
-300000
CY2018 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
-1000000.0
CY2020Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
3300000
CY2019Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
6400000
CY2018Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
6700000
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
11500000
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
12800000
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CY2020 mtw Defined Contribution Plan Name Of Plan
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Manitowoc 401(k) Retirement Plan
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