Dow Inc. (DOW) financial statements (2022 and earlier)

Company profile

Business Address 2211 H.H. DOW WAY
MIDLAND, MI 48674
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)

12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,9885,1042,388
Cash and cash equivalents2,9885,1042,367
Short-term investments  21
Receivables9,5547,3907,555
Inventory, net of allowances, customer advances and progress billings7,3725,7016,214
Inventory7,3725,7016,214
Contract with customer, asset  41
Other current assets934889658
Other undisclosed current assets  (41)
Total current assets:20,84819,08416,815
Noncurrent Assets
Operating lease, right-of-use asset1,4121,8562,072
Property, plant and equipment20,55520,23920,996
Long-term investments and receivables5,7164,5675,055
Long-term investments5,2384,1023,992
Accounts and financing receivable, after allowance for credit loss4784651,063
Intangible assets, net (including goodwill)11,64512,26012,555
Goodwill8,7648,9088,796
Intangible assets, net (excluding goodwill)2,8813,3523,759
Contract with customer, asset, net  4
Deferred income tax assets1,3582,215 
Other noncurrent assets1,4561,249818
Other undisclosed noncurrent assets  2,209
Total noncurrent assets:42,14242,38643,709
TOTAL ASSETS:62,99061,47060,524
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities12,52010,0769,521
Accounts payable8,4165,8895,953
Accrued liabilities3,4813,7902,762
Employee-related liabilities  284
Taxes payable623397522
Deferred revenue  193
Debt3924601,021
Other undisclosed current liabilities314572(56)
Total current liabilities:13,22611,10810,679
Noncurrent Liabilities
Long-term debt and lease obligation, including:14,28016,49115,975
Finance lease, liability 464363
Operating lease, liability1,1491,5211,739
Other undisclosed long-term debt and lease obligation13,13114,50613,873
Liabilities, other than long-term debt, including:16,74520,86619,776
Deferred revenue1,9251,9151,607
Deferred income tax liabilities506405 
Liability, pension and other postretirement and postemployment benefits7,55711,64810,083
Other liabilities6,6026,2796,547
Other undisclosed liabilities, other than long-term debt1556191,539
Total noncurrent liabilities:31,02537,35735,751
Total liabilities:44,25148,46546,430
Stockholders' equity
Stockholders' equity attributable to parent, including:18,16512,43513,541
Treasury stock, value(1,625)(625)(500)
Additional paid in capital8,1517,5957,325
Accumulated other comprehensive loss(8,977)(10,855)(10,246)
Retained earnings20,62316,36117,045
Other undisclosed stockholders' equity attributable to parent(7)(41)(83)
Stockholders' equity attributable to noncontrolling interest574570553
Total stockholders' equity:18,73913,00514,094
TOTAL LIABILITIES AND EQUITY:62,99061,47060,524

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

12/31/2021
12/31/2020
12/31/2019
Revenues54,96838,54242,951
Cost of revenue
(Cost of Goods and Services Sold)
(44,191)(33,346)(36,657)
Gross profit:10,7775,1966,294
Operating expenses(2,896)(3,348)(5,993)
Operating income:7,8811,848301
Nonoperating income (expense)(35)1,269461
Investment income, nonoperating(267)79936
Foreign currency transaction gain (loss), before tax(8)(62)91
Other nonoperating income1084103
Interest and debt expense(731)(827)(933)
Income (loss) from continuing operations before equity method investments, income taxes:7,1152,290(171)
Income (loss) from equity method investments975(18)(94)
Other undisclosed income (loss) from continuing operations before income taxes55(201)(982)
Income (loss) from continuing operations before income taxes:8,1452,071(1,247)
Income tax expense(1,740)(777)(470)
Income (loss) before gain (loss) on sale of properties:6,4051,294(1,717)
Other undisclosed net income  445
Net income (loss):6,4051,294(1,272)
Net loss attributable to noncontrolling interest(94)(69)(87)
Net income (loss) available to common stockholders, basic:6,3111,225(1,359)
Other undisclosed net loss available to common stockholders, diluted(32)(9)(6)
Net income (loss) available to common stockholders, diluted:6,2791,216(1,365)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
Net income (loss):6,4051,294(1,272)
Other comprehensive income (loss)1,878(609)(1,154)
Comprehensive income (loss):8,283685(2,426)
Comprehensive loss, net of tax, attributable to noncontrolling interest(94)(69)(99)
Comprehensive income (loss), net of tax, attributable to parent:8,189616(2,525)

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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