FMC Corporation (FMC) financial statements (2022 and earlier)
Company profile
| Business Address |
2929 WALNUT STREET PHILADELPHIA, PA 19104 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 28 - Chemicals And Allied 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 investments | 517 | 569 | 339 | 162 | 283 | 64 | 79 | ||
| Cash and cash equivalents | 517 | 569 | 339 | 162 | 283 | 64 | 79 | ||
| Receivables | 2,584 | 2,330 | 2,231 | 2,285 | 2,044 | 1,828 | 1,851 | ||
| Inventory, net of allowances, customer advances and progress billings | 1,406 | 1,096 | 1,017 | 1,097 | 993 | 704 | 800 | ||
| Inventory | 1,406 | 1,096 | 1,017 | 1,097 | 993 | 704 | 800 | ||
| Prepaid expense | 12 | 11 | 8 | 8 | 8 | 8 | 9 | ||
| Disposal group, including discontinued operation | 7 | ||||||||
| Other current assets | 128 | 140 | 197 | 155 | 119 | 101 | 103 | ||
| Other undisclosed current assets | 291 | 230 | 282 | 323 | 199 | 145 | 130 | ||
| Total current assets: | 4,938 | 4,376 | 4,075 | 4,030 | 3,653 | 2,849 | 2,972 | ||
| Noncurrent Assets | |||||||||
| Nontrade receivables | 33 | ||||||||
| Property, plant and equipment | 817 | 772 | 758 | 1,033 | 1,025 | 1,002 | 1,016 | ||
| Long-term investments and receivables | 9 | 3 | (60) | 25 | 61 | 75 | 64 | ||
| Long-term investments | 9 | 3 | 1 | 1 | 1 | 1 | 3 | ||
| Accounts and financing receivable, after allowance for credit loss | (61) | 24 | 60 | 74 | 61 | ||||
| Intangible assets, net (including goodwill) | 3,985 | 4,094 | 4,097 | 4,172 | 3,831 | 1,571 | 1,613 | ||
| Goodwill | 1,463 | 1,469 | 1,468 | 1,468 | 1,199 | 778 | 776 | ||
| Intangible assets, net (excluding goodwill) | 2,522 | 2,625 | 2,629 | 2,704 | 2,632 | 793 | 837 | ||
| Deferred income tax assets | 219 | 230 | ✕ | ✕ | ✕ | ✕ | |||
| Other noncurrent assets | 614 | 712 | 685 | 465 | 444 | 471 | 435 | ||
| Other undisclosed noncurrent assets | 286 | 249 | 193 | 170 | 226 | ||||
| Total noncurrent assets: | 5,644 | 5,811 | 5,798 | 5,944 | 5,554 | 3,290 | 3,354 | ||
| TOTAL ASSETS: | 10,581 | 10,186 | 9,873 | 9,974 | 9,206 | 6,139 | 6,326 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,832 | 1,704 | 1,643 | 1,549 | 1,311 | 743 | 761 | ||
| Accounts payable | 1,135 | 947 | 900 | 868 | 714 | 355 | 404 | ||
| Accrued liabilities | 631 | 675 | 681 | 594 | 498 | 375 | 338 | ||
| Taxes payable | 65 | 82 | 62 | 87 | 99 | 12 | 20 | ||
| Deferred revenue | 631 | 347 | 493 | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 441 | 338 | 228 | 548 | 193 | 94 | 113 | ||
| Disposal group, including discontinued operation | 1 | ||||||||
| Customer advances and deposits | ✕ | ✕ | ✕ | ✕ | 381 | 240 | 250 | ||
| Other undisclosed current liabilities | 617 | 440 | 361 | 897 | 324 | 362 | 330 | ||
| Total current liabilities: | 3,520 | 2,829 | 2,724 | 2,993 | 2,209 | 1,438 | 1,453 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,732 | 2,930 | 3,031 | 2,179 | 2,993 | 1,799 | 2,036 | ||
| Long-term debt, excluding current maturities | 2,732 | 2,930 | 3,031 | 2,179 | 2,993 | 1,799 | 2,036 | ||
| Liabilities, other than long-term debt | 1,277 | 1,444 | 1,556 | 1,261 | 1,297 | 909 | 928 | ||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 173 | 167 | 173 | |||
| Deferred income tax liabilities | 342 | 350 | 333 | ✕ | ✕ | ✕ | ✕ | ||
| Liability, pension and other postretirement and postemployment benefits | 42 | 46 | 44 | 47 | 59 | 140 | 194 | ||
| Accrued environmental loss contingencies | 416 | 444 | 471 | 464 | 346 | 306 | 282 | ||
| Other liabilities | 477 | 604 | 708 | 749 | 718 | 295 | 279 | ||
| Other undisclosed noncurrent liabilities | 331 | ||||||||
| Total noncurrent liabilities: | 4,009 | 4,373 | 4,587 | 3,771 | 4,290 | 2,708 | 2,964 | ||
| Total liabilities: | 7,529 | 7,202 | 7,311 | 6,764 | 6,499 | 4,146 | 4,418 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 3,033 | 2,962 | 2,532 | 3,121 | 2,682 | 1,958 | 1,866 | ||
| Common stock | 19 | 19 | 19 | 19 | 19 | 19 | 19 | ||
| Treasury stock, value | (2,542) | (2,141) | (2,093) | (1,699) | (1,500) | (1,507) | (1,498) | ||
| Additional paid in capital | 880 | 860 | 830 | 776 | 451 | 419 | 418 | ||
| Accumulated other comprehensive loss | (316) | (282) | (412) | (309) | (240) | (478) | (457) | ||
| Retained earnings | 4,991 | 4,506 | 4,189 | 4,334 | 3,952 | 3,506 | 3,385 | ||
| Stockholders' equity attributable to noncontrolling interest | 19 | 22 | 29 | 89 | 25 | 35 | 43 | ||
| Total stockholders' equity: | 3,052 | 2,984 | 2,561 | 3,210 | 2,707 | 1,993 | 1,908 | ||
| TOTAL LIABILITIES AND EQUITY: | 10,581 | 10,186 | 9,873 | 9,974 | 9,206 | 6,139 | 6,326 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 5,045 | 4,642 | 4,610 | 4,728 | 2,879 | 3,282 | 3,277 | |
| Cost of revenue | (2,874) | (2,590) | (2,526) | (2,641) | (1,777) | (2,083) | (2,201) | |
| Gross profit: | 2,172 | 2,052 | 2,084 | 2,087 | 1,101 | 1,200 | 1,075 | |
| Operating expenses | (1,087) | (1,085) | (1,262) | (1,056) | (835) | (724) | (1,099) | |
| Other operating income (expense), net (Other Nonrecurring (Income) Expense) | (40) | 1 | (3) | (6) | ||||
| Other undisclosed operating loss | (66) | (148) | (54) | (26) | ||||
| Operating income (loss): | 1,045 | 902 | 822 | 881 | 260 | 422 | (50) | |
| Nonoperating income (expense) | (20) | (21) | (6) | (2) | 1 | 1 | 1 | |
| Investment income, nonoperating | 0 | 2 | 1 | 1 | 1 | 1 | ||
| Net periodic defined benefits expense (reversal of expense), excluding service cost component | (20) | (21) | (8) | (4) | ✕ | ✕ | ✕ | |
| Interest and debt expense | (131) | (151) | (160) | (135) | (80) | (83) | (81) | |
| Income (loss) from continuing operations before equity method investments, income taxes: | 894 | 730 | 655 | 744 | 181 | 339 | (130) | |
| Income (loss) from equity method investments | 0 | 0 | 1 | (0) | ||||
| Income (loss) from continuing operations before income taxes: | 894 | 730 | 655 | 744 | 181 | 339 | (131) | |
| Income tax expense | (92) | (151) | (112) | (89) | (264) | (94) | (47) | |
| Income (loss) from continuing operations: | 802 | 579 | 544 | 655 | (83) | 245 | (178) | |
| Income (loss) from discontinued operations | (68) | (28) | (63) | (143) | 622 | (34) | 676 | |
| Net income: | 734 | 551 | 480 | 512 | 538 | 212 | 499 | |
| Net income (loss) attributable to noncontrolling interest | 3 | 1 | (3) | (9) | (3) | (3) | (10) | |
| Net income available to common stockholders, diluted: | 737 | 552 | 477 | 502 | 536 | 209 | 489 | |
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: | 734 | 551 | 480 | 512 | 538 | 212 | 499 | |
| Other comprehensive income (loss) | (34) | 130 | (92) | (74) | 237 | (23) | (82) | |
| Comprehensive income: | 700 | 681 | 388 | 437 | 775 | 189 | 417 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 3 | 1 | 1 | (4) | (1) | (1) | (9) | |
| Comprehensive income, net of tax, attributable to parent: | 703 | 681 | 388 | 434 | 774 | 188 | 408 | |
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.