PolyOne Corporation (POL) financial statements (2020 and earlier)

Company profile

Business Address POLYONE CENTER
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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 171244227280239365
Cash and cash equivalents 171244227280239365
Receivables330413392364347397428
Inventory, net of allowances, customer advances and progress billings261345328312287309343
Inventory261345328312287309343
Other current assets5870103474798118
Other undisclosed current assets865      
Total current assets:1,5139991,0679509611,0431,254
Noncurrent Assets
Operating lease, right-of-use asset64
Property, plant and equipment407495462608584597646
Intangible assets, net (including goodwill)1,1551,0741,0111,041942953925
Goodwill686650611677598591559
Intangible assets, net (excluding goodwill)469423400364345363366
Other noncurrent assets134155167125109119120
Total noncurrent assets:1,7601,7251,6391,7741,6341,6691,691
TOTAL ASSETS:3,2732,7232,7052,7232,5952,7112,944
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities663538538491480550631
Accounts payable288399389362352366387
Accrued liabilities375139149130128174209
Taxes payable     1035
Debt39193319196213
Liability for uncertainty in income taxes     2 
Accrued environmental loss contingencies     1212
Other undisclosed current liabilities     (24)(47)
Total current liabilities:703558571510498601609
Noncurrent Liabilities
Long-term debt and lease obligation1,2541,3361,2761,2401,128962976
Long-term debt, excluding current maturities1,2111,3361,2761,2401,128962976
Operating lease, liability43
Liabilities, other than long-term debt264165219205230506494
Pension and other postretirement defined benefit plans, liabilities10477
Deferred tax liabilities, net    89134
Deferred income tax liabilities64
Liability for uncertainty in income taxes     26 
Liability, pension and other postretirement and postemployment benefits57 626378 
Accrued environmental loss contingencies     110114
Other liabilities144165156142153178169
Other undisclosed noncurrent liabilities 124404334(136)(114)
Total noncurrent liabilities:1,5181,6251,5351,4881,3921,3331,357
Total liabilities:2,2212,1832,1061,9981,8901,9341,966
Stockholders' equity
Stockholders' equity attributable to parent1,052540599725704776977
Common stock1111111
Treasury stock, value(1,043)(1,019)(898)(831)(748)(598)(371)
Additional paid in capital1,1751,1671,1621,1571,1561,1551,150
Accumulated other comprehensive loss(83)(82)(53)(94)(71)(42)(15)
Retained earnings1,001473387491367260212
Stockholders' equity attributable to noncontrolling interest1111112
Total stockholders' equity:1,053541599726705777979
TOTAL LIABILITIES AND EQUITY:3,2732,7232,7052,7232,5952,7112,944

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2,8633,5333,2303,3403,3783,8363,771
Revenue, net3,2303,3403,3783,8363,771
Cost of revenue
(Cost of Goods and Services Sold)
(2,206)(2,789)(2,511)(2,634)(2,696)(3,128)(3,109)
Gross profit:657745719706682708662
Operating expenses(500)(471)(442)(424)(431)(715)(780)
Other undisclosed operating income     162350
Operating income:157274278282251155232
Nonoperating income (expense)12(13)(4)1(3)(5)(1)
Interest and debt expense(67)(1)(61)(60)(81)(62)(79)
Income from continuing operations before equity method investments, income taxes:10226021222216888151
Income from equity method investments      27
Other undisclosed income (loss) from continuing operations before income taxes8(63)    (27)
Income from continuing operations before income taxes:10919721222216888151
Income tax expense(34)(36)(39)(57)(23)(11)(58)
Income from continuing operations:761611741651457793
Income (loss) from discontinued operations  (231)  1150
Income (loss) before gain (loss) on sale of properties:76161(58)16514578243
Other undisclosed net income (loss)513(1)     
Net income (loss):589160(58)16514578243
Net income (loss) attributable to noncontrolling interest(0)0(0)0(0)11
Net income (loss) available to common stockholders, diluted:589160(58)16514579244

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):589160(58)16514578243
Other comprehensive income (loss)(0)(29)41(23)(29)(28)(4)
Comprehensive income (loss):589130(16)14211651239
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)0(0)0(0)(1)(1)
Other undisclosed comprehensive income, net of tax, attributable to parent     22
Comprehensive income (loss), net of tax, attributable to parent:588131(17)14211652240

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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