MANITOWOC CO INC Revenue Disclosure
4. Net Sales
The Company defers revenue when cash payments are received in advance of satisfying the performance obligation. These amounts are recorded as customer advances in the Consolidated Balance Sheets. The table below shows the change in the customer advances balance for the years ended December 31, 2025 and 2024.
|
|
2025 |
|
|
2024 |
|
||
Balance at beginning of period |
|
$ |
18.0 |
|
|
$ |
19.2 |
|
Cash received in advance of satisfying |
|
|
144.9 |
|
|
|
113.0 |
|
Revenue recognized |
|
|
(146.0 |
) |
|
|
(113.3 |
) |
Currency translation |
|
|
1.4 |
|
|
|
(0.9 |
) |
Balance at end of period |
|
$ |
18.3 |
|
|
$ |
18.0 |
|
The long-term portion of customer advances is recorded in other non-current liabilities in the Consolidated Balance Sheets.
The Company recognizes a contract asset for certain remanufacturing, repair, and field service work when the service is completed but unbilled as of the end of the period. Contract assets are recorded in other current assets in the Consolidated Balance Sheets. Contract assets were $11.7 million and $8.8 million as of December 31, 2025 and 2024.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 18, 2026 | Showing above |
| 2019 | Feb 14, 2020 | |
| 2018 | Feb 13, 2019 | |
About Revenue Disclosures
Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.
Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.