Element Solutions Inc. (ESI) financial statements (2020 and earlier)

Company profile

Business Address 500 EAST BROWARD BOULEVARD
FORT LAUDERDALE, FL 33394
State of Incorp.
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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments200234478423432397
Cash and cash equivalents200234478423432397
Restricted cash and investments    0600
Receivables3673821,1561,0551,148327
Inventory, net of allowances, customer advances and progress billings198188490416518206
Inventory198188490416518206
Prepaid expense2214437172 
Disposal group, including discontinued operation81,621    
Other current assets5543174106100 
Other undisclosed current assets     48
Total current assets:8502,4822,3412,0712,2711,578
Noncurrent Assets
Property, plant and equipment250267452461492175
Intangible assets, net (including goodwill)3,0433,2077,3397,4127,3362,747
Goodwill2,1262,1834,2014,1794,0221,405
Intangible assets, net (excluding goodwill)9181,0253,1373,2333,3141,342
Disposal group, including discontinued operation, noncurrent assets73,412    
Other noncurrent assets123331211109257
Total noncurrent assets:3,4236,9197,9127,9837,9202,979
TOTAL ASSETS:4,2739,40210,25210,05410,1904,558
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2442901,0539671,008213
Accounts payable103101462384450107
Accrued liabilities14119059139741459
Employee-related liabilities   1047831
Taxes payable   836517
Debt825391165515
Restructuring reserve     2
Disposal group, including discontinued operation38827    
Other undisclosed current liabilities     13
Total current liabilities:2901,1431,0921,0831,062243
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,5145,3515,4415,1235,1741,401
Long-term debt, excluding current maturities    5,1741,401
Operating lease, liability49
Other undisclosed long-term debt and lease obligation1,4655,3515,4415,123  
Liabilities, other than long-term debt349537201883964298
Deferred tax liabilities, net  663679202
Deferred income tax liabilities127
Liability, pension and other postretirement and postemployment benefits475069748139
Disposal group, including discontinued operation, liabilities 416    
Other liabilities1757113214620557
Other undisclosed noncurrent liabilities 190659767164
Total noncurrent liabilities:1,8636,0786,3016,0826,2091,762
Total liabilities:2,1537,2207,3927,1647,2712,005
Temporary equity, carrying amount    646 
Stockholders' equity
Stockholders' equity attributable to parent2,1222,1092,7432,7362,1042,460
Common stock333322
Treasury stock, value(68)(4)(0)   
Additional paid in capital4,1124,0624,0323,9813,5202,812
Accumulated other comprehensive loss(314)(757)(422)(675)(886)(131)
Accumulated deficit(1,611)(1,195)(870)(574)(533)(224)
Stockholders' equity attributable to noncontrolling interest(2)7211715416993
Total stockholders' equity:2,1212,1812,8602,8902,2732,553
TOTAL LIABILITIES AND EQUITY:4,2739,40210,25210,05410,1904,558

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,8601,9613,7763,586 843
Revenue, net3,7763,586 843
Cost of revenue
(Cost of Goods and Services Sold)
(1,060)(1,123)(2,187)(2,078)  
Gross profit:7998381,5891,508 843
Operating expenses(561)(589)(1,368)(1,254)(225)(82)
Other undisclosed operating loss     (549)
Operating income (loss):238249221253(225)212
Nonoperating expense(205)(302)(510)(302) (6)
Foreign currency transaction loss, before tax(8)(6)(108)(14) (3)
Other nonoperating income (expense)(45)15(61)101 (3)
Interest and debt expense (0)(72)(11)  
Other undisclosed loss from continuing operations before equity method investments, income taxes(0)     
Income (loss) from continuing operations before equity method investments, income taxes:33(54)(361)(59)(225)207
Other undisclosed income from continuing operations before income taxes007211  
Income (loss) from continuing operations before income taxes:34(53)(289)(48)(225)207
Income tax expense (benefit)(43)(24)(7)(29)(8)7
Income (loss) from continuing operations:(9)(77)(296)(77)(233)213
Income (loss) from discontinued operations64(243)    
Net income (loss):55(320)(296)(77)(233)213
Net income (loss) attributable to noncontrolling interest(2)(5)(1)3  
Net income (loss) attributable to parent:53(324)(296)(74)(233)213
Preferred stock dividends and other adjustments   33  
Other undisclosed net loss available to common stockholders, basic    (75) 
Net income (loss) available to common stockholders, basic:53(324)(296)(41)(309)213
Dilutive securities, effect on basic earnings per share   (33)  
Other undisclosed net income (loss) available to common stockholders, diluted246246 (104)  
Net income (loss) available to common stockholders, diluted:299(79)(296)(178)(309)213

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):55(320)(296)(77)(233)213
Other comprehensive income (loss)515(371)2562141 
Comprehensive income (loss):569(691)(40)137(233)213
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(49)30(4)1  
Other undisclosed comprehensive loss, net of tax, attributable to parent(0)     
Comprehensive income (loss), net of tax, attributable to parent:520(661)(44)138(233)213

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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