UNION CARBIDE CORP /NEW/ financial statements (2021 and earlier)

Company profile

Business Address 1254 ENCLAVE PARKWAY
HOUSTON, TX 77077
State of Incorp. NY
Fiscal Year End December 31
SIC 286 - Industrial Organic Chemicals (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11111313112323
Cash and cash equivalents11111313112323
Receivables2,0231,8681,6321,5401,7011,3411,797
Inventory, net of allowances, customer advances and progress billings223247304278307303378
Inventory223247304278307303378
Other current assets1720153539103139
Other undisclosed current assets7256751,0601,0228791,1261,352
Total current assets:2,9992,8213,0242,8882,9372,8963,689
Noncurrent Assets
Finance lease, right-of-use asset1512
Operating lease, right-of-use asset12389
Property, plant and equipment1,2651,3691,4481,3791,3941,3011,152
Long-term investments and receivables, including:4494447837807927911,009
Long-term investments259260662664669672821
Accounts and financing receivable, after allowance for credit loss1241186762524444
Due from related parties666654545762131
Other undisclosed long-term investments and receivables    141313
Intangible assets, net (including goodwill)16222525252215
Intangible assets, net (excluding goodwill)16222525252215
Estimated insurance recoveries  10  6179
Other noncurrent assets29263436343245
Other undisclosed noncurrent assets479495453511964503424
Total noncurrent assets:2,3762,4572,7532,7313,2092,7102,724
TOTAL ASSETS:5,3755,2785,7775,6196,1465,6066,413
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities419379473490460507285
Accounts payable257228286292256238265
Accrued liabilities139126163174181177 
Taxes payable23252424239220
Debt2111  1
Due to related parties33322828252543
Other undisclosed current liabilities5135136348166485421,169
Total current liabilities:9679251,1361,3351,1331,0741,498
Noncurrent Liabilities
Long-term debt and lease obligation, including:391473473474  481
Finance lease, liability55
Operating lease, liability10574
Other undisclosed long-term debt and lease obligation281394473474  481
Liabilities, other than long-term debt, including:2,6592,4822,2532,4422,7401,7551,625
Liability, pension and other postretirement and postemployment benefits1,3401,1549791,0541,1701,0761,051
Other liabilities201194132151206292136
Other undisclosed liabilities, other than long-term debt1,1181,1341,1421,2371,364387438
Other undisclosed noncurrent liabilities     476 
Total noncurrent liabilities:3,0502,9552,7262,9162,7402,2312,106
Total liabilities:4,0173,8803,8624,2513,8733,3053,604
Stockholders' equity
Stockholders' equity attributable to parent1,3581,3981,9151,3681,7982,3012,809
Additional paid in capital141141138138138138312
Accumulated other comprehensive loss(1,770)(1,665)(1,561)(1,352)(1,320)(1,228)(1,243)
Retained earnings2,9872,9223,3382,5822,9803,3913,740
Total stockholders' equity:1,3581,3981,9151,3681,7982,3012,809
Other undisclosed liabilities and equity    475  
TOTAL LIABILITIES AND EQUITY:5,3755,2785,7775,6196,1465,6066,413

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues3,7031381361431088773
Revenue, net1431088782
Revenue from related parties3,5744,2395,310
Cost of revenue(3,245)(3,500)(4,047)(4,176)(3,713)(4,506)(5,922)
Gross profit:458(3,362)(3,911)(4,033)(3,605)(4,419)(5,849)
Operating expenses161(215)(68)(99)(29)(47)(22)
Other operating income (expense), net168(82)(34)(11)2(30)14
Operating income (loss):787(3,659)(4,013)(4,143)(3,632)(4,496)(5,857)
Nonoperating income
(Investment Income, Nonoperating)
 5  14811
Interest and debt expense(19)  (28)   
Income (loss) from continuing operations before equity method investments, income taxes:768(3,654)(4,013)(4,171)(3,618)(4,488)(5,846)
Income from equity method investments    247
Other undisclosed income (loss) from continuing operations before income taxes(211)4,3455,3155,021   
Income (loss) from continuing operations before income taxes:5576911,302850(3,616)(4,484)(5,839)
Income tax expense (benefit)(130)(64)(247)(645)32(435)(304)
Net income (loss):4276271,055205(3,584)(4,919)(6,143)
Other undisclosed net income attributable to parent    3,6735,7276,730
Net income available to common stockholders, diluted:4276271,05520589808587

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):4276271,055205(3,584)(4,919)(6,143)
Other comprehensive income (loss)(105)(104)45(32)(92)15(198)
Comprehensive income (loss):3225231,100173(3,676)(4,904)(6,341)
Other undisclosed comprehensive income, net of tax, attributable to parent    3,6735,7276,730
Comprehensive income (loss), net of tax, attributable to parent:3225231,100173(3)823389

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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