PPG Industries, Inc. (PPG) financial statements (2021 and earlier)

Company profile

Business Address ONE PPG PL 40 EAST
PITTSBURGH, PA 15272
State of Incorp. PA
Fiscal Year End December 31
SIC 2851 - Paints, Varnishes, Lacquers, Enamels, and Allied Products (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,9221,2739631,4911,8631,455
Cash and cash equivalents1,8261,2169021,4361,8201,311
Short-term investments9657615543144
Receivables2,7262,7562,8452,9032,6922,788
Inventory, net of allowances, customer advances and progress billings1,7351,7101,7831,7301,5461,705
Inventory1,7351,7101,7831,7301,5461,705
Assets held-for-sale, not part of disposal group    30 
Other current assets415431370353321606
Total current assets:6,7986,1705,9616,4776,4526,554
Noncurrent Assets
Operating lease, right-of-use asset847 
Property, plant and equipment3,1272,9832,8052,8242,7593,017
Long-term investments and receivables267258251268179367
Long-term investments267258251268179367
Intangible assets, net (including goodwill)7,4536,6016,0425,9875,5555,847
Goodwill5,1024,4704,0703,9423,5723,669
Intangible assets, net (excluding goodwill)2,3512,1311,9722,0451,9832,178
Deferred income tax assets379 
Other noncurrent assets685694727677670619
Deferred tax assets, net 305  
Other undisclosed noncurrent assets 1,002229 154672
Total noncurrent assets:12,75811,53810,05410,0619,31710,522
TOTAL ASSETS:19,55617,70816,01516,53815,76917,076
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:3,7923,4963,6233,7813,5103,490
Accounts payable2,2592,0982,1772,3211,9401,940
Employee-related liabilities590540504519571604
Taxes payable464611210093106
Other undisclosed accounts payable and accrued liabilities897812830841906840
Debt57851365112629283
Restructuring reserve2811969910210187
Accrued environmental loss contingencies9962   51
Other undisclosed current liabilities81108   745
Total current liabilities:4,8314,3754,3733,8954,2404,656
Noncurrent Liabilities
Long-term debt and lease obligation, including:5,3465,0424,3654,1343,7874,042
Long-term debt, excluding current maturities5,1714,5394,3654,1343,7874,042
Other undisclosed long-term debt and lease obligation175503    
Liabilities, other than long-term debt3,0622,3172,1162,8372,8293,057
Deferred tax liabilities, net 442417460
Deferred income tax liabilities435 
Liability, pension and other postretirement and postemployment benefits1,6781,4061,2741,4281,4711,733
Other liabilities949911842967941864
Other undisclosed noncurrent liabilities502571429  252
Total noncurrent liabilities:8,9107,9306,9106,9716,6167,351
Total liabilities:13,74112,30511,28310,86610,85612,007
Stockholders' equity
Stockholders' equity attributable to parent5,6895,2844,6305,5574,8264,983
Common stock969969969969969969
Treasury stock, value(13,158)(13,191)(12,958)(11,251)(10,472)(9,440)
Additional paid in capital1,008950788756701635
Accumulated other comprehensive loss(2,599)(2,350)(2,300)(2,057)(2,356)(2,702)
Retained earnings19,46918,90618,13117,14015,98415,521
Stockholders' equity attributable to noncontrolling interest1261191021158786
Total stockholders' equity:5,8155,4034,7325,6724,9135,069
TOTAL LIABILITIES AND EQUITY:19,55617,70816,01516,53815,76917,076

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues13,83415,14615,37414,89814,92715,334
Revenue, net14,74814,75115,330
Cost of revenue
(Cost of Goods and Services Sold)
(7,777)(8,653)    
Gross profit:6,0576,49315,37414,89814,92715,334
Operating expenses(4,640)(4,828)(4,703)(4,517)(4,911)(4,876)
Other operating expense, net
(Other Expenses)
(104)(98)(122)(64)(178)(104)
Other undisclosed operating loss   (8,024)  
Operating income:1,3131,56710,5492,2939,83810,354
Nonoperating income781038887102170
Investment income, nonoperating304033314179
Other nonoperating income486355566191
Interest and debt expense(138)(132)(118)(105)(125)(126)
Income from continuing operations before equity method investments, income taxes:1,2531,53810,5192,2759,81510,398
Income from equity method investments81116121211
Other undisclosed income (loss) from continuing operations before income taxes101112(8,842)(282)(9,000)(8,527)
Income from continuing operations before income taxes:1,3621,6611,6932,0058271,882
Income tax expense(291)(392)(353)(615)(241)(456)
Income from continuing operations:1,0711,2691,3401,3905861,426
Income from discontinued operations3 182253131
Net income:1,0741,2691,3581,6158991,427
Net loss attributable to noncontrolling interest(15)(26)(17)(21)(22)(21)
Net income available to common stockholders, diluted:1,0591,2431,3411,5948771,406

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:1,0741,2691,3581,6158991,427
Other comprehensive income (loss)(249)(51)(147)316336(599)
Comprehensive income:8251,2181,2111,9311,235828
Comprehensive loss, net of tax, attributable to noncontrolling interest(15)(26)(17)(21)(22)(21)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 111(17)1013
Comprehensive income, net of tax, attributable to parent:8101,1931,2051,8931,223820

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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