Element Solutions Inc. (ESI) financial statements (2023 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments330292190234478423432
Cash and cash equivalents330292190234478423432
Restricted cash and investments      0
Receivables4924033643821,1561,0551,148
Inventory, net of allowances, customer advances and progress billings274203200188490416518
Inventory274203200188490416518
Prepaid expense29241814437172
Disposal group, including discontinued operation  111,621   
Other current assets88685043174106100
Total current assets:1,2159908332,4822,3412,0712,271
Noncurrent Assets
Property, plant and equipment278240265267452461492
Intangible assets, net (including goodwill)3,4833,1093,1243,2077,3397,4127,336
Goodwill2,5262,2532,1802,1834,2014,1794,022
Intangible assets, net (excluding goodwill)9578569441,0253,1373,2333,314
Disposal group, including discontinued operation, noncurrent assets 373,412   
Deferred income tax assets82  
Other noncurrent assets81141963312111092
Total noncurrent assets:3,9243,4943,4916,9197,9127,9837,920
TOTAL ASSETS:5,1384,4834,3249,40210,25210,05410,190
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4033002522901,0539671,008
Accounts payable1389697101462384450
Accrued liabilities264204155190591397414
Employee-related liabilities     10478
Taxes payable     8365
Debt1378253911655
Disposal group, including discontinued operation 734827   
Total current liabilities:4153142941,1431,0921,0831,062
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,8941,5081,5135,3515,4415,1235,174
Long-term debt, excluding current maturities      5,174
Operating lease, liability424046
Other undisclosed long-term debt and lease obligation1,8521,4681,4675,3515,4415,123 
Liabilities, other than long-term debt328343298537201883964
Deferred tax liabilities, net  663679
Deferred income tax liabilities140113120
Liability, pension and other postretirement and postemployment benefits36435150697481
Disposal group, including discontinued operation, liabilities   416   
Other liabilities15218712871132146205
Other undisclosed noncurrent liabilities   1906597671
Total noncurrent liabilities:2,2221,8511,8116,0786,3016,0826,209
Total liabilities:2,6382,1652,1057,2207,3927,1647,271
Temporary equity, carrying amount      646
Stockholders' equity
Stockholders' equity attributable to parent2,4812,3202,2212,1092,7432,7362,104
Common stock3333332
Treasury stock, value(159)(138)(79)(4)(0)  
Additional paid in capital4,1674,1234,1144,0624,0323,9813,520
Accumulated other comprehensive loss(197)(195)(281)(757)(422)(675)(886)
Accumulated deficit(1,332)(1,473)(1,537)(1,195)(870)(574)(533)
Stockholders' equity attributable to noncontrolling interest20(2)(2)72117154169
Total stockholders' equity:2,5012,3182,2192,1812,8602,8902,273
TOTAL LIABILITIES AND EQUITY:5,1384,4834,3249,40210,25210,05410,190

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues2,4001,8541,8361,9613,7763,586 
Revenue, net3,7763,586 
Cost of revenue
(Cost of Goods and Services Sold)
(1,439)(1,068)(1,048)(1,123)(2,187)(2,078) 
Gross profit:9617867888381,5891,508 
Operating expenses(661)(553)(539)(589)(1,368)(1,254)(225)
Operating income (loss):300233249249221253(225)
Nonoperating expense(48)(152)(108)(302)(510)(302) 
Foreign currency transaction gain (loss), before tax16(37)29(6)(108)(14) 
Other nonoperating income (expense)(10)(52)(46)15(61)101 
Interest and debt expense (46)(61)(0)(72)(11) 
Income (loss) from continuing operations before equity method investments, income taxes:2523580(54)(361)(59)(225)
Other undisclosed income from continuing operations before income taxes 466107211 
Income (loss) from continuing operations before income taxes:25281141(53)(289)(48)(225)
Income tax expense(48)(4)(61)(24)(7)(29)(8)
Income (loss) from continuing operations:2037780(77)(296)(77)(233)
Income (loss) from discontinued operations0(1)13(243)   
Net income (loss):2047693(320)(296)(77)(233)
Net income (loss) attributable to noncontrolling interest(0) (1)(5)(1)3 
Net income (loss) attributable to parent:2037692(324)(296)(74)(233)
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:2037692(324)(296)(41)(309)
Dilutive securities, effect on basic earnings per share     (33) 
Other undisclosed net income (loss) available to common stockholders, diluted   246 (104) 
Net income (loss) available to common stockholders, diluted:2037692(79)(296)(178)(309)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):2047693(320)(296)(77)(233)
Other comprehensive income (loss)01517(371)2562141
Other undisclosed comprehensive income (loss)(16)85     
Comprehensive income (loss):189161610(691)(40)137(233)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest12 (41)30(4)1 
Comprehensive income (loss), net of tax, attributable to parent:201161569(661)(44)138(233)

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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