Chemours Company (The) (CC) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
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 investments1,4511,1059431,2011,556902366
Cash and cash equivalents1,4511,1059431,2011,556902366
Receivables720511674861919807859
Inventory, net of allowances, customer advances and progress billings1,0999391,0791,147935767972
Inventory1,0999391,0791,147935767972
Prepaid expense757881848377104
Total current assets:3,3452,6332,7773,2933,4932,5532,301
Noncurrent Assets
Operating lease, right-of-use asset227236294
Property, plant and equipment3,1543,4743,5593,2913,0082,7843,177
Long-term investments and receivables169167162160173136136
Long-term investments169167162160173136136
Intangible assets, net (including goodwill), including:108167174181166170176
Goodwill102153(4)(4)153153166
Intangible assets, net (excluding goodwill)6142128131710
Other undisclosed intangible assets, net (including goodwill)  157157   
Restricted cash and investments100      
Other noncurrent assets447405292437453417508
Total noncurrent assets:4,2054,4494,4814,0693,8003,5073,997
TOTAL ASSETS:7,5507,0827,2587,3627,2936,0606,298
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,6601,4211,4071,6961,6331,7561,427
Accounts payable1,1628449231,1371,075884973
Accrued liabilities325577484559558872454
Employee-related liabilities173      
Debt252113413151539
Accrued environmental loss contingencies173      
Total current liabilities:1,8581,4421,5411,7091,6481,7711,466
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,7244,0054,0263,9594,0973,5293,915
Long-term debt, excluding current maturities3,7244,0054,0263,9594,0973,5293,915
Finance lease, liability606754
Operating lease, liability179194245
Other undisclosed long-term debt and lease obligation(239)(261)(299)    
Liabilities, other than long-term debt707626633674683656787
Deferred tax liabilities, net217208132234
Deferred income tax liabilities4936 
Accrued environmental loss contingencies389      
Other liabilities269590633457475524553
Other undisclosed noncurrent liabilities179194363    
Total noncurrent liabilities:4,6104,8255,0224,6334,7804,1854,702
Total liabilities:6,4686,2676,5636,3426,4285,9566,168
Stockholders' equity
Stockholders' equity attributable to parent1,0818136891,014860100126
Common stock2222222
Treasury stock, value(1,247)(1,072)(1,072)(750)(116)  
Additional paid in capital944890859860837789775
Accumulated other comprehensive loss(364)(310)(349)(564)(442)(577)(536)
Retained earnings (accumulated deficit)1,7461,3031,2491,466579(114)(115)
Stockholders' equity attributable to noncontrolling interest1266544
Total stockholders' equity:1,0828156951,020865104130
TOTAL LIABILITIES AND EQUITY:7,5507,0827,2587,3627,2936,0606,298

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues6,3454,9695,5266,6386,1835,4005,717
Revenue, net6,1835,4005,717
Cost of revenue
(Cost of Goods and Services Sold)
(4,964)(3,902)(4,463)(4,667)(4,429)(4,290)(4,762)
Gross profit:1,3811,0671,0631,9711,7541,110955
Operating expenses(705)(700)(715)(788)(739)(1,184)(777)
Operating income (loss):6763673481,1831,015(74)178
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
16321(293)16279247 
Interest and debt expense(206)(232)(208)(233)(215)(213)(132)
Income (loss) from continuing operations before equity method investments, income taxes:633156(153)1,112879(40)46
Income from equity method investments43232943332922
Other undisclosed loss from continuing operations before income taxes      (256)
Income (loss) from continuing operations before income taxes:676179(124)1,155912(11)(188)
Income tax expense (benefit)(68)4072(159)(165)1898
Net income (loss):608219(52)9967477(90)
Net loss attributable to noncontrolling interest   (1)(1)  
Net income (loss) available to common stockholders, diluted:608219(52)9957467(90)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):608219(52)9967477(90)
Other comprehensive income (loss)(122)115204(143)135(41)(244)
Other undisclosed comprehensive income (loss)68(76)1121   
Comprehensive income (loss):554258163874882(34)(334)
Comprehensive loss, net of tax, attributable to noncontrolling interest   (1)(1)  
Comprehensive income (loss), net of tax, attributable to parent:554258163873881(34)(334)

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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