Cytec Industries Inc (CYT) financial statements (2020 and earlier)

Company profile

Business Address FIVE GARRET MOUNTAIN PLAZA
WOODLAND PARK, NJ 07424
State of Incorp. DE
Fiscal Year End December 31
SIC 289 - Miscellaneous Chemical Products (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments134152179
Cash and cash equivalents134152179
Receivables265326303
Inventory, net of allowances, customer advances and progress billings308253267
Inventory308253267
Prepaid expense and other current assets19
Assets held-for-sale 411
Other current assets2625
Other undisclosed current assets1023238
Total current assets:8357881,217
Noncurrent Assets
Property, plant and equipment1,1211,047835
Long-term investments and receivables 12
Long-term investments 12
Intangible assets, net (including goodwill)650682709
Goodwill509521525
Intangible assets, net (excluding goodwill)142161184
Other noncurrent assets119137
Prepaid expense and other noncurrent assets89
Assets held-for-sale, long lived 1,062
Other undisclosed noncurrent assets41259
Total noncurrent assets:1,9321,8932,705
TOTAL ASSETS:2,7672,6813,922
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities461374411
Accounts payable172176176
Accrued liabilities185178174
Employee-related liabilities77  
Taxes payable181960
Interest and dividends payable8  
Debt10139
Restructuring reserve4
Accrued environmental loss contingencies101210
Disposal group, including discontinued operation  266
Deferred tax liabilities001
Other undisclosed current liabilities(109)(17)(18)
Total current liabilities:367369807
Noncurrent Liabilities
Long-term debt and lease obligation742716567
Long-term debt, excluding current maturities742716567
Liabilities, other than long-term debt448414743
Pension and other postretirement defined benefit plans, liabilities195276
Deferred tax liabilities, net313271
Liability, pension and other postretirement and postemployment benefits246
Disposal group, including discontinued operation, liabilities  198
Other liabilities170187198
Total noncurrent liabilities:1,1891,1301,310
Total liabilities:1,5561,4992,118
Stockholders' equity
Stockholders' equity attributable to parent1,2111,1821,799
Common stock111
Treasury stock, value(977)(955)(243)
Additional paid in capital474468466
Accumulated other comprehensive income (loss)1396(65)
Retained earnings1,7001,5731,641
Stockholders' equity attributable to noncontrolling interest  5
Total stockholders' equity:1,2111,1821,804
TOTAL LIABILITIES AND EQUITY:2,7672,6813,922

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

12/31/2014
12/31/2013
12/31/2012
Revenues2,0081,9351,691
Revenue, net2,0081,9351,708
Cost of revenue
(Cost of Goods and Services Sold)
(1,404)(1,283)(1,182)
Other undisclosed gross profit  17
Gross profit:604652527
Operating expenses(254)(350)(367)
Other undisclosed operating income (loss)(116)84
Operating income:234309164
Nonoperating income (expense)(6)(6)6
Investment income, nonoperating014
Other nonoperating income (expense)(6)(7)2
Interest and debt expense(37)(58)(30)
Other undisclosed loss from continuing operations before equity method investments, income taxes(0)  
Income from continuing operations before equity method investments, income taxes:190246139
Income (loss) from equity method investments (0)0
Income from continuing operations before income taxes:190245139
Income tax expense(46)(72)(37)
Other undisclosed loss from continuing operations (1)(8)
Income from continuing operations:14417294
Income from discontinued operations10296
Net income:154174190
Net loss attributable to noncontrolling interest (0)(2)
Net income available to common stockholders, diluted:154174188

Comprehensive Income ($ in millions)

12/31/2014
12/31/2013
12/31/2012
Net income:154174190
Other comprehensive loss(83)(60) 
Other undisclosed comprehensive income  1
Comprehensive income:71114191
Comprehensive income, net of tax, attributable to noncontrolling interest 02
Other undisclosed comprehensive loss, net of tax, attributable to parent (0)(3)
Comprehensive income, net of tax, attributable to parent:71114189

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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