HEXION INC. Financial Statements (2026 and earlier)
Company Profile
| Business Address |
180 EAST BROAD STREET COLUMBUS, OH 43215 |
| State of Incorp. | NJ |
| Fiscal Year End | December 31 |
| Industry (SIC) | 2821 - Plastics Materials, Synthetic Resins, and Nonvulcanizable Elastomers (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 9/30/2021 MRQ | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 204 | 254 | 128 | 115 | 196 | 236 | |||
| Cash and cash equivalent | 204 | 254 | 128 | 115 | 196 | 236 | |||
| Restricted cash and investments | 4 | 15 | 18 | 17 | 8 | ||||
| Receivables | (17) | (15) | |||||||
| Inventory, net of allowances, customer advances and progress billings | (9) | (9) | (9) | (7) | |||||
| Inventory | (9) | (9) | (9) | (7) | |||||
| Disposal group, including discontinued operation | 113 | ||||||||
| Asset, held-for-sale, not part of disposal group | 1 | ||||||||
| Intangible current assets | 11 | 5 | 6 | 6 | 6 | ||||
| Other current assets | 39 | 51 | 57 | 44 | 45 | 53 | |||
| Other undisclosed current assets | 585 | 693 | 735 | 766 | 680 | 766 | |||
| Total current assets: | 953 | 1,002 | 931 | 940 | 918 | 1,047 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 103 | ✕ | ✕ | ✕ | ✕ | ||||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 1,259 | 1,578 | 841 | 924 | 893 | 1,051 | |||
| Long-term investments and receivables | 10 | 17 | 19 | 20 | 18 | 36 | |||
| Long-term investments | 10 | 17 | 19 | 20 | 18 | 36 | |||
| Intangible asset, including goodwill, after accumulated amortization | 1,243 | 1,366 | 136 | 154 | 173 | 187 | |||
| Goodwill | 164 | 178 | 109 | 112 | 121 | 122 | |||
| Intangible asset, excluding goodwill, after accumulated amortization | 1,079 | 1,188 | 27 | 42 | 52 | 65 | |||
| Other noncurrent assets | 85 | 55 | 34 | 49 | 43 | 48 | |||
| Other undisclosed noncurrent assets | 349 | 128 | 10 | 10 | 13 | ||||
| Total noncurrent assets: | 3,049 | 3,144 | 1,030 | 1,157 | 1,137 | 1,335 | |||
| TOTAL ASSETS: | 4,002 | 4,146 | 1,961 | 2,097 | 2,055 | 2,382 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 417 | 441 | 523 | 543 | 506 | 561 | |||
| Interest and dividends payable | 30 | 35 | 82 | 82 | 70 | 82 | |||
| Taxes payable | 6 | 17 | 5 | 12 | 13 | 15 | |||
| Employee-related liabilities | 42 | 48 | 52 | 47 | 55 | 78 | |||
| Accounts payable | 339 | 341 | 384 | 402 | 368 | 386 | |||
| Debt | 82 | 70 | 3,716 | 125 | 107 | 80 | |||
| Estimated litigation liability | 2 | 2 | |||||||
| Accrued environmental loss contingencies | 14 | 18 | |||||||
| Disposal group, including discontinued operation | 67 | ||||||||
| Other liabilities | 111 | 105 | 106 | 135 | 159 | 123 | |||
| Other undisclosed current liabilities | 6 | 2 | 2 | ||||||
| Total current liabilities: | 699 | 638 | 4,345 | 805 | 772 | 764 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,792 | 1,804 | 99 | 3,584 | 3,397 | 3,698 | |||
| Long-term debt, excluding current maturities | 1,710 | 1,715 | 99 | 3,584 | 3,397 | 3,698 | |||
| Finance lease, liability | 6 | 3 | ✕ | ✕ | ✕ | ✕ | |||
| Liabilities, other than long-term debt | 530 | 468 | 431 | 450 | 425 | 397 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 15 | 11 | 13 | 12 | ||
| Liability, pension and other postretirement and postemployment benefits | 250 | 252 | 221 | 262 | 246 | 224 | |||
| Disposal group, including discontinued operation, liabilities | 71 | ||||||||
| Other liabilities | 209 | 216 | 195 | 177 | 166 | 161 | |||
| Operating lease, liability | 76 | 86 | ✕ | ✕ | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | 158 | 161 | |||||||
| Total noncurrent liabilities: | 2,480 | 2,433 | 530 | 4,034 | 3,822 | 4,095 | |||
| Total liabilities: | 3,179 | 3,071 | 4,875 | 4,839 | 4,594 | 4,859 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 823 | 1,075 | (2,912) | (2,741) | (2,538) | (2,476) | |||
| Common stock | 1 | 1 | 1 | 1 | |||||
| Treasury stock, value | (296) | (296) | (296) | (296) | |||||
| Additional paid in capital | 1,169 | 1,165 | 526 | 526 | 526 | 526 | |||
| Accumulated other comprehensive income (loss) | (27) | (1) | 18 | (8) | (39) | (15) | |||
| Accumulated deficit | (319) | (89) | (3,125) | (2,964) | (2,730) | (2,692) | |||
| Other undisclosed equity, attributable to parent | (36) | ||||||||
| Equity, attributable to noncontrolling interest | (2) | (1) | (1) | (1) | |||||
| Total equity: | 823 | 1,075 | (2,914) | (2,742) | (2,539) | (2,477) | |||
| TOTAL LIABILITIES AND EQUITY: | 4,002 | 4,146 | 1,961 | 2,097 | 2,055 | 2,382 | |||
Income Statement (P&L) ($ in millions)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,510 | 3,797 | 3,591 | 3,438 | 4,140 | |||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 3,591 | 3,438 | 4,140 | |
| Cost of revenue (Cost of Product and Service Sold) | (2,043) | (3,226) | (3,090) | (3,038) | (3,540) | |||
| Gross profit: | 467 | 571 | 501 | 400 | 600 | |||
| Operating expenses | (247) | (323) | (307) | (328) | (306) | |||
| Other operating income (expense), net | 24 | (36) | (17) | 13 | (12) | |||
| Other expenses | (12) | (37) | (56) | (73) | (31) | |||
| Other undisclosed operating income (loss) | (308) | 15 | (65) | 159 | (22) | |||
| Operating income (loss): | (64) | 227 | 112 | 244 | 260 | |||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | (15) | 12 | (7) | 3 | ||||
| Interest and debt expense | (100) | (365) | (3) | (48) | 41 | |||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 30 | (329) | (200) | (326) | ||||
| Loss from continuing operations before equity method investments, income taxes: | (149) | (126) | (220) | (11) | (22) | |||
| Income from equity method investments | 2 | |||||||
| Loss from continuing operations before income taxes: | (147) | (126) | (220) | (11) | (22) | |||
| Income tax expense | (14) | (40) | (18) | (38) | (34) | |||
| Loss from continuing operations: | (161) | (166) | (238) | (49) | (56) | |||
| Loss before gain (loss) on sale of properties: | ✕ | (230) | (166) | (238) | (49) | (56) | ||
| Loss from discontinued operations | (69) | |||||||
| Other undisclosed net income | 3 | 4 | 11 | 17 | ||||
| Net loss: | (230) | (163) | (234) | (38) | (39) | |||
| Net income (loss) attributable to noncontrolling interest | 1 | (1) | ||||||
| Net loss available to common stockholders, diluted: | (230) | (162) | (234) | (38) | (40) | |||
Comprehensive Income ($ in millions)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (230) | (163) | (234) | (38) | (39) | |||
| Other comprehensive income (loss) | (26) | (10) | 31 | (24) | (88) | |||
| Comprehensive loss: | (256) | (173) | (203) | (62) | (127) | |||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 1 | (1) | ||||||
| Comprehensive loss, net of tax, attributable to parent: | (256) | (172) | (203) | (62) | (128) | |||
Statements Sources
The financial statements are based on the Company's filings with 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.