Dow Inc. (DOW) Financial Statements (2023 and earlier)

Company Profile

Business Address 2211 H.H. DOW WAY
MIDLAND, MI 48674
State of Incorp. DE
Fiscal Year End December 31
Industry (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)
Annual | Quarterly

6/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,8862,9885,1042,388
Cash and cash equivalents3,8862,9885,1042,367
Short-term investments    21
Receivables7,7559,5547,3907,555
Inventory, net of allowances, customer advances and progress billings6,9887,3725,7016,214
Inventory6,9887,3725,7016,214
Contract with customer, asset, after allowance for credit loss    41
Other current assets1,848934889658
Other undisclosed current assets    (41)
Total current assets:20,47720,84819,08416,815
Noncurrent Assets
Operating lease, right-of-use asset1,2271,4121,8562,072
Property, plant and equipment20,44220,55520,23920,996
Long-term investments and receivables5,0485,7164,5675,055
Long-term investments4,3825,2384,1023,992
Accounts and financing receivable, after allowance for credit loss6664784651,063
Intangible assets, net (including goodwill)11,08611,64512,26012,555
Goodwill8,6448,7648,9088,796
Intangible assets, net (excluding goodwill)2,4422,8813,3523,759
Contract with customer, asset, after allowance for credit loss    4
Deferred income tax assets9601,3582,215 
Other noncurrent assets1,3631,4561,249818
Other undisclosed noncurrent assets    2,209
Total noncurrent assets:40,12642,14242,38643,709
TOTAL ASSETS:60,60362,99061,47060,524
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9,98612,52010,0769,521
Taxes payable✕✕623397522
Employee-related liabilities✕✕  284
Accounts payable7,2168,4165,8895,953
Accrued liabilities2,7703,4813,7902,762
Deferred revenue275  193
Debt7243924601,021
Other undisclosed current liabilities346314572(56)
Total current liabilities:11,33113,22611,10810,679
Noncurrent Liabilities
Long-term debt and lease obligation, including:14,69814,28016,49115,975
Finance lease, liability   464363
Other undisclosed long-term debt and lease obligation14,69813,13114,50613,873
Liabilities, other than long-term debt, including:13,32716,74520,86619,776
Deferred revenue  1,9251,9151,607
Deferred income tax liabilities1,110506405 
Liability, pension and other postretirement and postemployment benefits3,8087,55711,64810,083
Other liabilities6,5556,6026,2796,547
Operating lease, liability9971,1491,5211,739
Other undisclosed liabilities, other than long-term debt8571556191,539
Total noncurrent liabilities:28,02531,02537,35735,751
Total liabilities:39,35644,25148,46546,430
Equity
Equity, attributable to parent, including:20,71818,16512,43513,541
Common stock    
Treasury stock, value(3,871)(1,625)(625)(500)
Additional paid in capital8,5408,1517,5957,325
Accumulated other comprehensive loss(7,139)(8,977)(10,855)(10,246)
Retained earnings23,18020,62316,36117,045
Other undisclosed equity, attributable to parent 8(7)(41)(83)
Equity, attributable to noncontrolling interest529574570553
Total equity:21,24718,73913,00514,094
TOTAL LIABILITIES AND EQUITY:60,60362,99061,47060,524

Income Statement (P&L) ($ in millions)
Annual | Quarterly

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues56,90254,96838,54242,951
Cost of revenue
(Cost of Goods and Services Sold)		(48,338)(44,191)(33,346)(36,657)
Gross profit:8,56410,7775,1966,294
Operating expenses(2,980)(2,896)(3,348)(5,993)
Operating income:5,5847,8811,848301
Nonoperating income (expense)727(35)1,269461
Investment income, nonoperating155(267)79936
Gain (loss), foreign currency transaction, before tax (117)(8)(62)91
Other nonoperating income 311084103
Interest and debt expense(662)(731)(827)(933)
Income (loss) from continuing operations before equity method investments, income taxes:5,6497,1152,290(171)
Income (loss) from equity method investments268975(18)(94)
Other undisclosed income (loss) from continuing operations before income taxes17355(201)(982)
Income (loss) from continuing operations before income taxes:6,0908,1452,071(1,247)
Income tax expense(1,450)(1,740)(777)(470)
Income (loss) from continuing operations:4,6406,4051,294(1,717)
Income (loss) before gain (loss) on sale of properties:✕6,4051,294(1,717)
Other undisclosed net income    445
Net income (loss):4,6406,4051,294(1,272)
Net loss attributable to noncontrolling interest(58)(94)(69)(87)
Net income (loss) attributable to parent:4,5826,3111,225(1,359)
Undistributed earnings (loss) allocated to participating securities, basic    
Net income (loss) available to common stockholders, basic:4,5826,3111,225(1,359)
Other undisclosed net loss available to common stockholders, diluted  (32)(9)(6)
Net income (loss) available to common stockholders, diluted:4,5826,2791,216(1,365)

Comprehensive Income ($ in millions)
Annual | Quarterly

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income (loss):4,6406,4051,294(1,272)
Other comprehensive income (loss)1,8381,878(609)(1,154)
Comprehensive income (loss):6,4788,283685(2,426)
Comprehensive loss, net of tax, attributable to noncontrolling interest(58)(94)(69)(99)
Comprehensive income (loss), net of tax, attributable to parent:6,4208,189616(2,525)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: