Dow Chemical Co (DOW) financial statements (2020 and earlier)

Company profile

Business Address 2211 H.H. DOW WAY
MIDLAND, MI 48674-2030
State of Incorp. DE
Fiscal Year End December 31
SIC 2821 - Plastics Materials, Synthetic Resins, and Nonvulcanizable Elastomers (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2018
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 investments2,7696,1926,6078,5775,6545,9404,318
Cash and cash equivalents2,6696,1886,6078,5775,6545,9404,318
Short-term investments1004     
Receivables12,38212,0499,0247,8469,3724,9355,074
Inventory, net of allowances, customer advances and progress billings9,2608,3767,3636,8718,1018,3038,476
Inventory9,2608,3767,3636,8718,1018,3038,476
Prepaid expense and other current assets334
Other current assets852627665354328344
Other undisclosed current assets   8278125,4555,482
Total current assets:25,26327,24423,65924,47524,26724,97723,684
Noncurrent Assets
Property, plant and equipment23,66223,81223,48617,85418,05117,45417,520
Long-term investments and receivables, including:6,8656,8467,4247,6467,2607,4076,999
Long-term investments6,4716,2526,7166,8816,8217,2276,686
Accounts and financing receivable, after allowance for credit loss394594708765620365313
Other undisclosed long-term investments and receivables    (181)(185) 
Intangible assets, net (including goodwill)18,76119,48721,29815,77116,40017,11217,450
Goodwill13,84813,93815,27212,15412,63212,79812,739
Intangible assets, net (excluding goodwill)4,9135,5496,0263,6173,7684,3144,711
Contract with customer, asset, net47
Other noncurrent assets796829565535621501
Prepaid expense and other noncurrent assets464
Other undisclosed noncurrent assets1,9841,7223,0791,7452,1972,0503,488
Total noncurrent assets:52,11552,69655,85243,55144,52944,52445,921
TOTAL ASSETS:77,37879,94079,51168,02668,79669,50169,605
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities13,11013,1418,0286,9087,704435251
Accounts payable8,7088,4226,9205,8646,780  
Accrued liabilities3,6114,025     
Taxes payable791694600452361435251
Interest and dividends payable  508592563  
Debt340 272454394697672
Due to related parties    189  
Deferred tax liabilities   10010513395
Other undisclosed current liabilities3051,2364,3043,7533,20110,70610,475
Total current liabilities:13,75514,37712,60411,21511,59311,97111,493
Noncurrent Liabilities
Long-term debt and lease obligation, including:19,25419,765  18,83816,82019,919
Other undisclosed long-term debt and lease obligation19,25419,765  18,83816,82019,919
Liabilities, other than long-term debt, including:16,40018,78919,22214,41314,80912,63016,179
Deferred tax liabilities, net664764923575622718837
Postemployment benefits liability8,17611,459
Liability, pension and other postretirement and postemployment benefits9,22610,79411,3759,11910,459
Other liabilities5,3685,9945,5604,3323,2903,3023,353
Other undisclosed liabilities, other than long-term debt1,1421,2371,364387438434530
Other undisclosed noncurrent liabilities  20,45616,215   
Total noncurrent liabilities:35,65438,55439,67830,62833,64729,45036,098
Total liabilities:49,40952,93152,28241,84345,24041,42147,591
Temporary equity, carrying amount    202156147
Stockholders' equity
Stockholders' equity attributable to parent, including:26,83125,82325,98725,37422,42326,89820,877
Treasury stock, value  (1,659)(6,155)(4,233)(307) 
Additional paid in capital7,0426,5534,2624,9364,8463,9283,281
Accumulated other comprehensive loss(9,885)(8,591)(9,822)(8,667)(8,017)(4,827)(7,516)
Retained earnings29,80828,05030,33828,42523,04521,40718,495
Other undisclosed stockholders' equity attributable to parent(134)(189)2,8686,8356,7826,6976,617
Stockholders' equity attributable to noncontrolling interest1,1381,1861,2428099311,026990
Total stockholders' equity:27,96927,00927,22926,18323,35427,92421,867
TOTAL LIABILITIES AND EQUITY:77,37879,94079,51168,02668,79669,50169,605

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues60,27855,50848,15848,77858,16457,08056,786
Revenue, net55,50848,15848,77858,16757,08056,786
Cost of revenue(47,705)(44,308)(37,641)(37,836)(47,464)(47,594)(47,792)
Cost of goods and services sold(47,705)(44,308)(1,972)(1,991)(2,117)(2,325)(2,188)
Gross profit:12,57311,20010,51710,94210,7009,4868,994
Operating expenses(5,560)(7,127)(5,884)(5,403)(5,516)(5,345)(6,740)
Other operating income (expense), net  1,2024,592(27)2,554(27)
Operating income:7,0134,0735,83510,1315,1576,6952,227
Nonoperating income181877107711202842
Investment income, nonoperating95(73)107711282842
Gain on contract termination    53  
Foreign currency transaction loss, before tax(119)(72)  (61)  
Other nonoperating income104116     
Interest and debt expense(1,118)(976)(858)(946)(983)(1,430)(1,392)
Income from continuing operations before equity method investments, income taxes:6,0763,9745,0849,2564,2945,293877
Income from equity method investments9507624426748351,034536
Other undisclosed loss from continuing operations before income taxes(1,108)(1,937)     
Income from continuing operations before income taxes:5,9182,7995,5269,9305,1296,3271,413
Income tax expense(1,285)(2,204)(9)(2,147)(1,426)(1,988)(565)
Income before gain (loss) on sale of properties:4,6335955,5177,7833,7034,339848
Other undisclosed net income (loss)  (1,113) 136477252
Net income:4,6335954,4047,7833,8394,8161,100
Net income (loss) attributable to noncontrolling interest(134)(129)(86)(98)(67)(29)82
Net income attributable to parent:4,4994664,3187,6853,7724,7871,182
Other undisclosed net loss available to common stockholders, basic  (340)(340)(340)(340)(340)
Net income available to common stockholders, diluted:4,4994663,9787,3453,4324,447842

Comprehensive Income ($ in millions)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income:4,6335954,4047,7833,8394,8161,100
Other comprehensive income (loss)(257)1,231(1,155)(650)(3,190)2,689(1,520)
Comprehensive income (loss):4,3761,8263,2497,1336497,505(420)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(97)(172)(83)(65)(35)29(82)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent     (58)164
Comprehensive income (loss), net of tax, attributable to parent:4,2791,6543,1667,0686147,476(338)

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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