Element Solutions Inc. (ESI) Financial Statements (2024 and earlier)

Company Profile

Business Address 500 EAST BROWARD BOULEVARD
FORT LAUDERDALE, FL 33394
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 289 - Miscellaneous Chemical Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments266330292190234478
Cash and cash equivalents266330292190234478
Receivables4564924033643821,156
Inventory, net of allowances, customer advances and progress billings291274203200188490
Inventory291274203200188490
Prepaid expense392924181443
Disposal group, including discontinued operation    111,621 
Other current assets13888685043174
Total current assets:1,1891,2159908332,4822,341
Noncurrent Assets
Property, plant and equipment277278240265267452
Intangible assets, net (including goodwill)3,2183,4833,1093,1243,2077,339
Goodwill2,4132,5262,2532,1802,1834,201
Intangible assets, net (excluding goodwill)8069578569441,0253,137
Disposal group, including discontinued operation, noncurrent assets   373,412 
Deferred income tax assets5282  
Other noncurrent assets168811419633121
Total noncurrent assets:3,7153,9243,4943,4916,9197,912
TOTAL ASSETS:4,9045,1384,4834,3249,40210,252
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3334033002522901,053
Accounts payable1321389697101462
Accrued liabilities201264204155190591
Debt1213782539
Disposal group, including discontinued operation   734827 
Total current liabilities:3444153142941,1431,092
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,8841,8941,5081,5135,3515,441
Other undisclosed long-term debt and lease obligation1,8841,8521,4681,4675,3515,441
Liabilities, other than long-term debt326328343298537201
Deferred income tax liabilities121140113120
Liability, pension and other postretirement and postemployment benefits373643515069
Disposal group, including discontinued operation, liabilities     416 
Other liabilities16915218712871132
Operating lease, liability  424046
Other undisclosed noncurrent liabilities     190659
Total noncurrent liabilities:2,2102,2221,8511,8116,0786,301
Total liabilities:2,5552,6382,1652,1057,2207,392
Equity
Equity, attributable to parent2,3332,4812,3202,2212,1092,743
Common stock333333
Treasury stock, value(334)(159)(138)(79)(4)(0)
Additional paid in capital4,1864,1674,1234,1144,0624,032
Accumulated other comprehensive loss(298)(197)(195)(281)(757)(422)
Accumulated deficit(1,224)(1,332)(1,473)(1,537)(1,195)(870)
Equity, attributable to noncontrolling interest1720(2)(2)72117
Total equity:2,3492,5012,3182,2192,1812,860
TOTAL LIABILITIES AND EQUITY:4,9045,1384,4834,3249,40210,252

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues2,5492,4001,8541,8361,9613,776
Revenue, net3,776
Cost of revenue
(Cost of Goods and Services Sold)
(1,597)(1,439)(1,068)(1,048)(1,123)(2,187)
Gross profit:9539617867888381,589
Operating expenses(627)(661)(553)(539)(589)(1,368)
Operating income:325300233249249221
Nonoperating expense(53)(48)(152)(108)(302)(510)
Gain (loss), foreign currency transaction, before tax(5)16(37)29(6)(108)
Other nonoperating income (expense)3(10)(52)(46)15(61)
Interest and debt expense   (46)(61)(0)(72)
Income (loss) from continuing operations before equity method investments, income taxes:2722523580(54)(361)
Other undisclosed income from continuing operations before income taxes   4661072
Income (loss) from continuing operations before income taxes:27225281141(53)(289)
Income tax expense(86)(48)(4)(61)(24)(7)
Income (loss) from continuing operations:1862037780(77)(296)
Income (loss) before gain (loss) on sale of properties:2047693(320)(296)
Income (loss) from discontinued operations20(1)13(243) 
Net income (loss):1882047693(320)(296)
Net loss attributable to noncontrolling interest(1)(0) (1)(5)(1)
Net income (loss) available to common stockholders, basic:1872037692(324)(296)
Other undisclosed net income available to common stockholders, diluted     246 
Net income (loss) available to common stockholders, diluted:1872037692(79)(296)

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):1882047693(320)(296)
Other comprehensive income (loss)(2)01517(371)256
Other undisclosed comprehensive income (loss)(101)(16)85   
Comprehensive income (loss):85189161610(691)(40)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest112 (41)30(4)
Other undisclosed comprehensive income, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:87201161569(661)(44)

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.

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