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L - Loews Corporation

NYSE -> Financial Services -> Insurance—Property & Casualty
New York, United States

L price evolution
L
(in millions $) 30 Sep 2021 30 Jun 2021 31 Mar 2021 31 Dec 2020
Current assets
Cash $811 $578 $660 $478
Short term investments
Net receivables $9187 $9162 $8539 $7833
Inventory
Total current assets
Long term investments
Property, plant & equipment $9878 $9847 $9921 $10451
Goodwill & intangible assets $349 $350 $349 $785
Total noncurrent assets
Total investments $54043 $54374 $52359 $53844
Total assets $81726 $81608 $80005 $80236
Current liabilities
Accounts payable $665 $654 $310 $92
Deferred revenue $10020 $9901 $9438 $9142
Short long term debt
Total current liabilities
Long term debt $8925 $8988 $8996 $10072
Total noncurrent liabilities
Total debt $9112 $9110 $9137 $10109
Total liabilities $62596 $62210 $61468 $61055
Shareholders' equity
Retained earnings $15336 $15132 $14394 $14150
Other shareholder equity $191 $327 $34 $581
Total shareholder equity $17817 $18083 $17270 $17860
(in millions $) 31 Dec 2020 31 Dec 2019 31 Dec 2018 31 Dec 2017
Current assets
Cash $478 $336 $405 $472
Short term investments
Net receivables $7833 $7675 $7960 $7613
Inventory
Total current assets
Long term investments
Property, plant & equipment $10451 $15568 $15511 $15427
Goodwill & intangible assets $785 $767 $665 $659
Total noncurrent assets
Total investments $53844 $51250 $48186 $52226
Total assets $80236 $82243 $78316 $79586
Current liabilities
Accounts payable $92 $108 $42 $60
Deferred revenue $9142 $8362 $7585 $4029
Short long term debt
Total current liabilities
Long term debt $10072 $11456 $11359 $11253
Total noncurrent liabilities
Total debt $10109 $11533 $11376 $11533
Total liabilities $61055 $60313 $56930 $55020
Shareholders' equity
Retained earnings $14150 $15823 $15773 $16096
Other shareholder equity $581 -$68 -$880 -$26
Total shareholder equity $17860 $19119 $18518 $19204
(in millions $) 30 Sep 2021 30 Jun 2021 31 Mar 2021 31 Dec 2020
Revenue
Total revenue $3371 $4003 $3622 $3709
Cost of revenue $2330 $2235 $2176 $2151
Gross Profit $1041 $1768 $1446 $1558
Operating activities
Research & development
Selling, general & administrative $638 $656 $914 $899
Total operating expenses $638 $656 $914 $899
Operating income $403 $1112 $532 $659
Income from continuing operations
EBIT $377 $1073 $500 $619
Income tax expense $58 $219 $114 $111
Interest expense $99 $100 $125 $111
Net income
Net income $220 $754 $261 $397
Income (for common shares) $220 $754 $261 $397
(in millions $) 31 Dec 2020 31 Dec 2019 31 Dec 2018 31 Dec 2017
Revenue
Total revenue $12583 $14931 $14066 $13735
Cost of revenue $8739 $8271 $7830 $7345
Gross Profit $3844 $6660 $6236 $6390
Operating activities
Research & development
Selling, general & administrative $4793 $4950 $4828 $4162
Total operating expenses $4793 $4950 $4828 $4162
Operating income -$949 $1710 $1408 $2228
Income from continuing operations
EBIT -$589 $1771 $1338 $1980
Income tax expense -$173 $248 $128 $170
Interest expense $515 $591 $574 $646
Net income
Net income -$931 $932 $636 $1164
Income (for common shares) -$931 $932 $636 $1164
(in millions $) 30 Sep 2021 30 Jun 2021 31 Mar 2021 31 Dec 2020
Net income $220 $754 $261 $397
Operating activities
Depreciation $734
Business acquisitions & disposals $469 -$40
Stock-based compensation
Total cash flows from operations $1133 $409 $134 $454
Investing activities
Capital expenditures -$144 -$96 -$87 -$126
Investments -$347 -$615 $383 -$231
Total cash flows from investing -$517 -$213 $306 -$306
Financing activities
Dividends paid -$16 -$16 -$17 -$17
Sale and purchase of stock -$341 -$204 -$280 -$245
Net borrowings -$8 -$33 $86 -$303
Total cash flows from financing -$376 -$279 -$258 -$565
Effect of exchange rate -$7 $1 $9
Change in cash and equivalents $233 -$82 $182 -$408
(in millions $) 31 Dec 2020 31 Dec 2019 31 Dec 2018 31 Dec 2017
Net income -$931 $932 $636 $1164
Operating activities
Depreciation $734 $943 $912 $874
Business acquisitions & disposals -$476 -$117 $76 -$1139
Stock-based compensation
Total cash flows from operations $1745 $1741 $4222 $2590
Investing activities
Capital expenditures -$710 -$1041 -$995 -$1031
Investments -$101 $665 -$296 -$112
Total cash flows from investing -$1414 -$671 -$1444 -$2655
Financing activities
Dividends paid -$70 -$76 -$80 -$84
Sale and purchase of stock -$923 -$1051 -$1026 -$216
Net borrowings $933 $120 -$178 $656
Total cash flows from financing -$198 -$1144 -$2835 $201
Effect of exchange rate $9 $5 -$10 $9
Change in cash and equivalents $142 -$69 -$67 $145
News
Was The Smart Money Right About Godaddy Inc (GDDY)?
Insider Monkey via Yahoo Finance 10 Nov 2021
Loews Corp (L) Q3 2021 Earnings Call Transcript
Motley Fool 1 Nov 2021
Those who invested in Loews (NYSE:L) a year ago are up 62%
Simply Wall St. via Yahoo Finance 1 Nov 2021
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Insider Monkey via Yahoo Finance 25 Oct 2021
A Guide to the Best (and Worst) Investors' Ideas
Morningstar 20 Oct 2021
Hedge Funds Are Buying Loews Corporation (L)
Insider Monkey via Yahoo Finance 18 Oct 2021
Hedge Funds Are Done Selling Godaddy Inc (GDDY)
Insider Monkey via Yahoo Finance 12 Oct 2021
Fundamentals
Market cap $13.92B
Enterprise value $22.22B
Shares outstanding 253.68M
Revenue $14.71B
EBITDA $3.30B
EBIT $2.57B
Net Income $1.63B
Revenue Q/Q -2.71%
Revenue Y/Y 15.33%
P/E ratio 8.53
EV/Sales 1.51
EV/EBITDA 6.73
EV/EBIT 8.65
P/S ratio 0.95
P/B ratio 0.79
Book/Share 69.48
Cash/Share 3.20
EPS $6.43
ROA 2.02%
ROE 9.19%
Debt/Equity 3.42
Net debt/EBITDA 18.71
Current ratio N/A
Quick ratio N/A