PolyOne Corporation (POL) financial statements (2021 and earlier)

Company profile

Business Address 33587 WALKER ROAD
AVON LAKE, OH 44012
State of Incorp.
Fiscal Year End December 31
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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  171244227280239
Cash and cash equivalents  171244227280239
Receivables517330413392364347397
Inventory, net of allowances, customer advances and progress billings328261345328312287309
Inventory328261345328312287309
Other current assets1095870103474798
Other undisclosed current assets650865     
Total current assets:1,6021,5139991,0679509611,043
Noncurrent Assets
Operating lease, right-of-use asset8164
Property, plant and equipment695407495462608584597
Intangible assets, net (including goodwill)2,3171,1551,0741,0111,041942953
Goodwill1,308686650611677598591
Intangible assets, net (excluding goodwill)1,009469423400364345363
Other noncurrent assets176134155167125109119
Total noncurrent assets:3,2681,7601,7251,6391,7741,6341,669
TOTAL ASSETS:4,8713,2732,7232,7052,7232,5952,711
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities757663538538491480550
Accounts payable472288399389362352366
Accrued liabilities286375139149130128174
Taxes payable      10
Debt19391933191962
Liability for uncertainty in income taxes      2
Accrued environmental loss contingencies      12
Other undisclosed current liabilities25     (24)
Total current liabilities:801703558571510498601
Noncurrent Liabilities
Long-term debt and lease obligation1,9101,2541,3361,2761,2401,128962
Long-term debt, excluding current maturities1,8541,2111,3361,2761,2401,128962
Operating lease, liability5643
Liabilities, other than long-term debt448264165219205230506
Pension and other postretirement defined benefit plans, liabilities104
Deferred tax liabilities, net    89
Deferred income tax liabilities14064
Liability for uncertainty in income taxes      26
Liability, pension and other postretirement and postemployment benefits11557 626378 
Accrued environmental loss contingencies      110
Other liabilities193144165156142153178
Other undisclosed noncurrent liabilities  124404334(136)
Total noncurrent liabilities:2,3581,5181,6251,5351,4881,3921,333
Total liabilities:3,1592,2212,1832,1061,9981,8901,934
Stockholders' equity
Stockholders' equity attributable to parent1,6971,052540599725704776
Common stock1111111
Treasury stock, value(901)(1,043)(1,019)(898)(831)(748)(598)
Additional paid in capital1,5131,1751,1671,1621,1571,1561,155
Accumulated other comprehensive income (loss)26(83)(82)(53)(94)(71)(42)
Retained earnings1,0571,001473387491367260
Stockholders' equity attributable to noncontrolling interest15111111
Total stockholders' equity:1,7121,053541599726705777
TOTAL LIABILITIES AND EQUITY:4,8713,2732,7232,7052,7232,5952,711

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues3,2422,8633,5333,2303,3403,3783,836
Revenue, net3,2303,3403,3783,836
Cost of revenue
(Cost of Goods and Services Sold)
(2,458)(2,206)(2,789)(2,511)(2,634)(2,696)(3,128)
Gross profit:784657745719706682708
Operating expenses(595)(500)(471)(442)(424)(431)(715)
Other undisclosed operating income      162
Operating income:189157274278282251155
Nonoperating income (expense)2412(13)(4)1(3)(5)
Interest and debt expense(71)(67)(1)(61)(60)(81)(62)
Other undisclosed loss from continuing operations before equity method investments, income taxes(4)      
Income from continuing operations before equity method investments, income taxes:13910226021222216888
Other undisclosed income (loss) from continuing operations before income taxes 8(63)    
Income from continuing operations before income taxes:13910919721222216888
Income tax expense(5)(34)(36)(39)(57)(23)(11)
Income from continuing operations:1347616117416514577
Income (loss) from discontinued operations   (231)  1
Income (loss) before gain (loss) on sale of properties:13476161(58)16514578
Other undisclosed net income (loss)(0)513(1)    
Net income (loss):133589160(58)16514578
Net income (loss) attributable to noncontrolling interest(2)(0)0(0)0(0)1
Net income (loss) available to common stockholders, diluted:132589160(58)16514579

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):133589160(58)16514578
Other comprehensive income (loss)109(0)(29)41(23)(29)(28)
Comprehensive income (loss):242589130(16)14211651
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)(0)0(0)0(0)(1)
Other undisclosed comprehensive income, net of tax, attributable to parent      2
Comprehensive income (loss), net of tax, attributable to parent:241588131(17)14211652

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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