Ecolab Inc. (ECL) Financial Statements (2024 and earlier)

Company Profile

Business Address 1 ECOLAB PLACE
SAINT PAUL, MN 55102
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 284 - Soap, Detergents, And Cleaning Preparations; Perfumes, Cosmetics, and Other Toilet Preparations (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9201,001554419599113
Cash and cash equivalents9201,001554419599113
Receivables2,8342,8242,7802,6682,6982,714
Inventory, net of allowances, customer advances and progress billings1,4971,5361,6461,7271,7931,803
Inventory1,4971,5361,6461,7271,7931,803
Other current assets393429456458405469
Total current assets:5,6445,7895,4375,2735,4945,099
Noncurrent Assets
Operating lease, right-of-use asset554536447431448427
Property, plant and equipment3,4753,3333,3273,3133,2933,261
Intangible assets, net (including goodwill)11,64211,62711,70511,67911,69311,656
Goodwill8,1488,0988,1018,0628,0137,741
Intangible assets, net (excluding goodwill)3,4943,5293,6043,6173,6813,915
Other noncurrent assets533573542556535593
Total noncurrent assets:16,20316,06916,02015,97915,97015,938
TOTAL ASSETS:21,84721,85821,45621,25221,46421,037
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,3812,1862,0632,0922,4192,129
Taxes payable110
Employee-related liabilities434
Accounts payable1,5661,4991,4771,4701,7281,584
Accrued liabilities814688586622691 
Debt6301,1291,1221,118505498
Other liabilities1,3351,2851,2821,2801,2861,145
Total current liabilities:4,3464,6014,4684,4904,2103,772
Noncurrent Liabilities
Long-term debt and lease obligation, including:7,5517,4877,5007,5228,0758,027
Other undisclosed long-term debt and lease obligation7,5517,4877,5007,5228,0758,027
Liabilities, other than long-term debt1,4521,5331,5731,5521,5821,831
Deferred income tax liabilities418451474496506577
Liability, pension and other postretirement and postemployment benefits652627661666670878
Other liabilities382455438390406376
Other undisclosed noncurrent liabilities426415335323338318
Total noncurrent liabilities:9,4299,4359,4089,3979,99510,175
Total liabilities:13,77414,03613,87613,88714,20613,947
Equity
Equity, attributable to parent8,0457,7967,5577,3447,2367,063
Common stock366365365365365365
Treasury stock, value(7,313)(7,311)(7,311)(7,311)(7,301)(7,228)
Additional paid in capital6,7676,7106,6846,6276,5806,552
Accumulated other comprehensive loss(1,850)(1,801)(1,762)(1,737)(1,727)(1,831)
Retained earnings10,0759,8339,5809,4019,3199,205
Equity, attributable to noncontrolling interest282724212327
Total equity:8,0727,8237,5817,3657,2597,090
TOTAL LIABILITIES AND EQUITY:21,84721,85821,45621,25221,46421,037

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues3,9383,9583,8523,5723,6713,669
Cost of revenue
(Cost of Goods and Services Sold)
(2,284)(2,331)(2,335)(2,205)(2,255)(2,292)
Gross profit:1,6541,6281,5171,3661,4161,378
Operating expenses(1,035)(1,025)(1,012)(990)(922)(877)
Other operating expense, net
(Other Nonrecurring (Income) Expense)
(29)(37)(21)(25)(95)(18)
Operating income:590566485352399483
Nonoperating income (expense)18151413(8)(6)
Investment income, nonoperating24175642
Interest and debt expense(95)(91)(83)(80)(73)(67)
Income from continuing operations before equity method investments, income taxes:513489416285318411
Other undisclosed income from continuing operations before income taxes24175642
Income from continuing operations before income taxes:538506421291322412
Income tax expense(127)(97)(87)(52)(52)(60)
Income from continuing operations:411409335238270352
Income before gain (loss) on sale of properties:352
Net income:411409335238270352
Net loss attributable to noncontrolling interest(6)(5)(5)(5) (5)
Other undisclosed net income attributable to parent     12 
Net income attributable to parent:405404330233282347
Other undisclosed net loss available to common stockholders, basic     (17) 
Net income available to common stockholders, diluted:405404330233264347

Comprehensive Income ($ in millions)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income:411409335238270352
Other comprehensive income (loss)(50)(39)(27)(10)106(215)
Comprehensive income:361370308228375137
Comprehensive loss, net of tax, attributable to noncontrolling interest(4)(6)(3)(5)(7)(3)
Comprehensive income, net of tax, attributable to parent:356364305223368135

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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