Chemours Company (The) (CC) Financial Statements (2024 and earlier)

Company Profile

Business Address 1007 MARKET STREET
WILMINGTON, DE 19801
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 28 - Chemicals And Allied Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,2031,1021,4511,1059431,201
Cash and cash equivalents1,2031,1021,4511,1059431,201
Restricted cash and investments604     
Receivables610626720511674861
Inventory, net of allowances, customer advances and progress billings1,3521,4041,0999391,0791,147
Inventory1,3521,4041,0999391,0791,147
Prepaid expense668275788184
Total current assets:3,8353,2143,3452,6332,7773,293
Noncurrent Assets
Operating lease, right-of-use asset260240227236294
Property, plant and equipment3,2163,1713,1543,4743,5593,291
Long-term investments and receivables158175169167162160
Long-term investments158175169167162160
Intangible assets, net (including goodwill), including:105115108167174181
Goodwill102102102153(4)(4)
Intangible assets, net (excluding goodwill)3136142128
Other undisclosed intangible assets, net (including goodwill)     157157
Restricted cash and investments  202100   
Other noncurrent assets677523447405292437
Total noncurrent assets:4,4164,4264,2054,4494,4814,069
TOTAL ASSETS:8,2517,6407,5507,0827,2587,362
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,2171,5511,6601,4211,4071,696
Employee-related liabilities173   
Accounts payable1,1591,2511,1628449231,137
Accrued liabilities1,058300325577484559
Debt5125252113413
Accrued environmental loss contingencies129194173   
Other undisclosed current liabilities89121    
Total current liabilities:2,4861,8911,8581,4421,5411,709
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,9873,5903,7244,0054,0263,959
Long-term debt, excluding current maturities3,9873,5903,7244,0054,0263,959
Finance lease, liability 4649606754
Other undisclosed long-term debt and lease obligation (46)(49)(239)(261)(299) 
Liabilities, other than long-term debt1,0391,052707626633674
Deferred tax liabilities, net217
Deferred income tax liabilities44614936 
Accrued environmental loss contingencies461474389   
Other liabilities328319269590633457
Operating lease, liability206198179194245
Other undisclosed noncurrent liabilities   179194363 
Total noncurrent liabilities:5,0264,6424,6104,8255,0224,633
Total liabilities:7,5126,5336,4686,2676,5636,342
Equity
Equity, attributable to parent7371,1071,0818136891,014
Common stock222222
Treasury stock, value(1,806)(1,738)(1,247)(1,072)(1,072)(750)
Additional paid in capital1,0331,016944890859860
Accumulated other comprehensive loss(274)(343)(364)(310)(349)(564)
Retained earnings1,7822,1701,7461,3031,2491,466
Equity, attributable to noncontrolling interest2 1266
Total equity:7391,1071,0828156951,020
TOTAL LIABILITIES AND EQUITY:8,2517,6407,5507,0827,2587,362

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues6,0276,7946,3454,9695,5266,638
Cost of revenue
(Cost of Goods and Services Sold)
(4,721)(5,178)(4,964)(3,902)(4,463)(4,667)
Gross profit:1,3061,6161,3811,0671,0631,971
Operating expenses(1,551)(844)(705)(700)(715)(788)
Operating income (loss):(245)7726763673481,183
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
917016321(293)162
Interest and debt expense(209)(156)(206)(232)(208)(233)
Income (loss) from continuing operations before equity method investments, income taxes:(363)686633156(153)1,112
Income from equity method investments455543232943
Income (loss) from continuing operations before income taxes:(318)741676179(124)1,155
Income tax expense (benefit)81(163)(68)4072(159)
Income (loss) from continuing operations:(237)578608219(52)996
Income (loss) before gain (loss) on sale of properties:608219(52)996
Net income (loss):(237)578608219(52)996
Net income (loss) attributable to noncontrolling interest 1    (1)
Other undisclosed net loss attributable to parent (2)     
Net income (loss) available to common stockholders, diluted:(238)578608219(52)995

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(237)578608219(52)996
Other comprehensive income (loss)102(20)(122)115204(143)
Other undisclosed comprehensive income (loss)(33)4168(76)1121
Comprehensive income (loss):(168)599554258163874
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 1    (1)
Other undisclosed comprehensive loss, net of tax, attributable to parent (2)     
Comprehensive income (loss), net of tax, attributable to parent:(169)599554258163873

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.

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