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
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11111111111313
Cash and cash equivalents11111111111313
Receivables2,0231,8501,9691,8121,8681,8141,780
Inventory, net of allowances, customer advances and progress billings223231227243247250274
Inventory223231227243247250274
Other current assets17252813202531
Other undisclosed current assets725715615729675764779
Total current assets:2,9992,8322,8502,8082,8212,8662,877
Noncurrent Assets
Finance lease, right-of-use asset151212121212 
Operating lease, right-of-use asset1238186868993 
Property, plant and equipment1,2651,3191,3401,3571,3691,3701,450
Long-term investments and receivables449447445445444422387
Long-term investments259259259259260259260
Accounts and financing receivable, after allowance for credit loss1241221201191189671
Due from related parties66666667666756
Intangible assets, net (including goodwill)16182021222325
Intangible assets, net (excluding goodwill)16182021222325
Other noncurrent assets29292924262628
Other undisclosed noncurrent assets479474480487495462536
Total noncurrent assets:2,3762,3802,4122,4322,4572,4082,426
TOTAL ASSETS:5,3755,2125,2625,2405,2785,2745,303
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities419421391383379411460
Accounts payable257240224228228218282
Accrued liabilities139156142130126169154
Taxes payable23252525252424
Debt2111111
Due to related parties3318  32  
Other undisclosed current liabilities513440484447513582594
Total current liabilities:9678808768319259941,055
Noncurrent Liabilities
Long-term debt and lease obligation, including:391390472472473472473
Finance lease, liability544455 
Operating lease, liability1056770727475 
Other undisclosed long-term debt and lease obligation281319398396394392473
Liabilities, other than long-term debt, including:2,6592,3962,4222,4512,4822,2952,287
Deferred revenue     41 
Contract with customer, liability40
Liability, pension and other postretirement and postemployment benefits1,3401,1101,1251,1401,154949960
Other liabilities201192189191194184136
Other undisclosed liabilities, other than long-term debt1,1181,0941,1081,1201,1341,1211,151
Total noncurrent liabilities:3,0502,7862,8942,9232,9552,7672,760
Total liabilities:4,0173,6663,7703,7543,8803,7613,815
Stockholders' equity
Stockholders' equity attributable to parent1,3581,5461,4921,4861,3981,5131,488
Additional paid in capital141141141141141138138
Accumulated other comprehensive loss(1,770)(1,603)(1,623)(1,642)(1,665)(1,517)(1,532)
Retained earnings2,9873,0082,9742,9872,9222,8922,882
Total stockholders' equity:1,3581,5461,4921,4861,3981,5131,488
TOTAL LIABILITIES AND EQUITY:5,3755,2125,2625,2405,2785,2745,303

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues3,628252129323147
Revenue from related parties8958178491,0139691,028992
Cost of revenue(886)(787)(746)(826)(794)(854)(902)
Gross profit:2,742(762)(725)(797)(762)(823)(855)
Operating expenses199(21)(7)(10)(113)(85)(8)
Other operating income (expense), net16345(22)(18)(24)(19)(18)
Operating income (loss):3,104(738)(754)(825)(899)(927)(881)
Interest and debt expense7(7)(11)(8) (7)(7)
Other undisclosed income from continuing operations before equity method investments, income taxes    26  
Income (loss) from continuing operations before equity method investments, income taxes:3,111(745)(765)(833)(873)(934)(888)
Other undisclosed income (loss) from continuing operations before income taxes(2,900)8188511,0201,0491,0371,001
Income from continuing operations before income taxes:2117386187176103113
Income tax expense (benefit)(57)(14)(18)(41)(26)19(3)
Net income available to common stockholders, diluted:1545968146150122110

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income:1545968146150122110
Other comprehensive income (loss)(43)(20)1923(148)1514
Comprehensive income:11139871692137124
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(124)40     
Comprehensive income (loss), net of tax, attributable to parent:(13)79871692137124

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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