Praxair Inc Financial Statements (2026 and earlier)
Company Profile
| Business Address |
10 RIVERVIEW DRIVE DANBURY, CT 06810 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 281 - Industrial Inorganic Chemicals (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 9/30/2018 MRQ | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 617 | 524 | 147 | 126 | 138 | 157 | |||
| Cash and cash equivalent | 617 | 524 | 147 | 126 | 138 | 157 | |||
| Receivables | 1,804 | 1,641 | 1,601 | 1,796 | 1,892 | 1,834 | |||
| Inventory, net of allowances, customer advances and progress billings | 614 | 550 | 531 | 551 | 506 | 476 | |||
| Inventory | 614 | 550 | 531 | 551 | 506 | 476 | |||
| Prepaid expense | 116 | 145 | ✕ | ||||||
| Other current assets | 250 | 165 | 347 | 366 | 380 | ✕ | |||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 412 | ||
| Deferred tax assets | 189 | 181 | 185 | ||||||
| Other undisclosed current assets | (305) | (326) | (272) | ||||||
| Total current assets: | 3,285 | 2,880 | 2,626 | 2,839 | 2,916 | 2,792 | |||
| Noncurrent Assets | |||||||||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 12,057 | 11,477 | 10,998 | 11,997 | 12,278 | 11,453 | |||
| Long-term investments and receivables | 676 | 667 | 630 | 696 | 694 | 666 | |||
| Long-term investments | 727 | 717 | 665 | 701 | 709 | 663 | |||
| Accounts and financing receivable, after allowance for credit loss | (51) | (50) | (35) | (5) | (15) | 3 | |||
| Intangible asset, including goodwill, after accumulated amortization | 3,786 | 3,700 | 3,554 | 3,724 | 3,790 | 2,680 | |||
| Goodwill | 3,233 | 3,117 | 2,986 | 3,121 | 3,194 | 2,507 | |||
| Intangible asset, excluding goodwill, after accumulated amortization | 553 | 583 | 568 | 603 | 596 | 173 | |||
| Prepaid expense | 114 | 133 | ✕ | ||||||
| Other noncurrent assets | 581 | 558 | 476 | 549 | 569 | ✕ | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 670 | ||
| Defined benefit plan, assets for plan benefits | ✕ | ✕ | 35 | 42 | |||||
| Deferred tax assets, net | 98 | 72 | |||||||
| Other undisclosed noncurrent assets | 51 | 50 | 35 | (250) | (239) | (171) | |||
| Total noncurrent assets: | 17,151 | 16,452 | 15,693 | 16,963 | 17,339 | 15,298 | |||
| TOTAL ASSETS: | 20,436 | 19,332 | 18,319 | 19,802 | 20,255 | 18,090 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,214 | 1,039 | 935 | 1,609 | 1,089 | 1,051 | |||
| Interest and dividends payable | 69 | ||||||||
| Taxes payable | 242 | 133 | 144 | 119 | 168 | 123 | |||
| Employee-related liabilities | 252 | ||||||||
| Accounts payable | 972 | 906 | 791 | 864 | 921 | 928 | |||
| Accrued liabilities | 305 | ||||||||
| Debt | 1,217 | 598 | 256 | 589 | 785 | 677 | |||
| Liability for uncertainty in income taxes | 5 | 5 | |||||||
| Other liabilities | 876 | 841 | 702 | 918 | 790 | 751 | |||
| Other undisclosed current liabilities | (626) | (5) | (5) | ||||||
| Total current liabilities: | 3,307 | 2,478 | 1,893 | 2,490 | 2,664 | 2,479 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 7,783 | 8,917 | 8,975 | 8,669 | 8,026 | 6,685 | |||
| Long-term debt, excluding current maturities | 4 | 5 | 5 | 8 | 8 | 11 | |||
| Other undisclosed long-term debt and lease obligation | 7,779 | 8,912 | 8,970 | 8,661 | 8,018 | 6,674 | |||
| Liabilities, other than long-term debt | 2,824 | 2,485 | 2,545 | 4,512 | 4,013 | 3,993 | |||
| Deferred revenue and credits | ✕ | 1,236 | 1,272 | 1,390 | 1,281 | 1,396 | 977 | ||
| Pension and other postretirement defined benefit plans, liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | 498 | 909 | ||
| Accounts payable and accrued liabilities | 23 | ||||||||
| Deferred tax liabilities, net | 1,198 | 1,205 | 768 | ||||||
| Liability for uncertainty in income taxes | 57 | 55 | 63 | ||||||
| Liability, pension and other postretirement and postemployment benefits | 777 | ✕ | ✕ | ||||||
| Other liabilities | 1,588 | 1,213 | 1,155 | 1,176 | 859 | 1,276 | |||
| Other undisclosed noncurrent liabilities | (2,055) | (1,758) | (1,740) | ||||||
| Total noncurrent liabilities: | 10,607 | 11,402 | 11,520 | 11,126 | 10,281 | 8,938 | |||
| Total liabilities: | 13,914 | 13,880 | 13,413 | 13,616 | 12,945 | 11,417 | |||
| Temporary equity, including noncontrolling interest | 11 | 11 | 113 | 176 | 307 | 252 | |||
| Equity | |||||||||
| Equity, attributable to parent | 6,018 | 5,021 | 4,389 | 5,623 | 6,609 | 6,064 | |||
| Common stock | 4 | 4 | 4 | 4 | 4 | 4 | |||
| Treasury stock, value | (7,196) | (7,336) | (7,253) | (6,651) | (5,912) | (5,511) | |||
| Additional paid in capital | 4,084 | 4,074 | 4,005 | 3,994 | 3,970 | 3,889 | |||
| Accumulated other comprehensive loss | (4,098) | (4,600) | (4,596) | (3,185) | (1,981) | (1,852) | |||
| Retained earnings | 13,224 | 12,879 | 12,229 | 11,461 | 10,528 | 9,534 | |||
| Equity, attributable to noncontrolling interest | 493 | 420 | 404 | 387 | 394 | 357 | |||
| Total equity: | 6,511 | 5,441 | 4,793 | 6,010 | 7,003 | 6,421 | |||
| TOTAL LIABILITIES AND EQUITY: | 20,436 | 19,332 | 18,319 | 19,802 | 20,255 | 18,090 | |||
Income Statement (P&L) ($ in millions)
| 9/30/2018 TTM | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues (Revenue, Net) | 11,437 | 10,534 | 10,776 | 12,273 | 11,925 | 11,224 | ||
| Gross profit: | 11,437 | 10,534 | 10,776 | 12,273 | 11,925 | 11,224 | ||
| Operating expenses | (2,484) | (2,359) | (2,351) | (2,635) | (2,597) | (2,452) | ||
| Other operating income, net | 4 | 23 | 28 | 9 | 32 | 43 | ||
| Other nonrecurring (income) expense | (54) | (100) | (172) | (138) | (32) | (65) | ||
| Other undisclosed operating loss | (6,509) | (5,960) | (6,132) | (7,039) | (6,735) | (6,378) | ||
| Operating income: | 2,448 | 2,238 | 2,321 | 2,608 | 2,625 | 2,437 | ||
| Nonoperating income (expense) (Gain (Loss), Foreign Currency Transaction, before Tax) | 1 | 3 | (9) | |||||
| Interest and debt expense | (161) | (190) | (161) | (213) | (178) | (141) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (1) | (3) | 9 | |||||
| Income from continuing operations before equity method investments, income taxes: | 2,287 | 2,048 | 2,160 | 2,395 | 2,447 | 2,296 | ||
| Income from equity method investments | 42 | 38 | 34 | |||||
| Income from continuing operations before income taxes: | 2,287 | 2,048 | 2,160 | 2,437 | 2,485 | 2,330 | ||
| Income tax expense | (1,026) | (551) | (612) | (691) | (649) | (586) | ||
| Other undisclosed loss from continuing operations | (42) | (38) | (34) | |||||
| Income from continuing operations: | 1,261 | 1,497 | 1,548 | 1,704 | 1,798 | 1,710 | ||
| Income before gain (loss) on sale of properties: | 1,261 | 1,497 | 1,548 | 1,704 | 1,798 | 1,710 | ||
| Other undisclosed net income | 47 | 41 | 43 | 42 | 38 | 34 | ||
| Net income: | 1,308 | 1,538 | 1,591 | 1,746 | 1,836 | 1,744 | ||
| Net loss attributable to noncontrolling interest | (61) | (38) | (44) | (52) | (81) | (52) | ||
| Net income available to common stockholders, diluted: | 1,247 | 1,500 | 1,547 | 1,694 | 1,755 | 1,692 | ||
Comprehensive Income ($ in millions)
| 9/30/2018 TTM | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 1,308 | 1,538 | 1,591 | 1,746 | 1,836 | 1,744 | ||
| Other comprehensive income (loss) | 536 | (15) | (1,441) | (1,233) | (123) | (104) | ||
| Other undisclosed comprehensive income (loss) | 7 | (17) | (24) | |||||
| Comprehensive income: | 1,844 | 1,530 | 133 | 489 | 1,713 | 1,640 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (95) | (34) | 3 | 1 | 76 | 54 | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (152) | (108) | ||||||
| Comprehensive income, net of tax, attributable to parent: | 1,749 | 1,496 | 136 | 490 | 1,637 | 1,586 | ||
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.