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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,2739631,4911,8631,4551,183
Cash and cash equivalents1,2169021,4361,8201,311686
Short-term investments57615543144497
Receivables2,7562,8452,9032,6922,7882,815
Inventory, net of allowances, customer advances and progress billings1,7101,7831,7301,5461,7051,825
Inventory1,7101,7831,7301,5461,7051,825
Assets held-for-sale, not part of disposal group   30 
Other current assets431370353321606621
Other undisclosed current assets     406
Total current assets:6,1705,9616,4776,4526,5546,850
Noncurrent Assets
Property, plant and equipment2,9832,8052,8242,7593,0173,092
Long-term investments and receivables258251268179367443
Long-term investments258251268179367443
Intangible assets, net (including goodwill)6,6016,0425,9875,5555,8476,212
Goodwill4,4704,0703,9423,5723,6693,801
Intangible assets, net (excluding goodwill)2,1311,9722,0451,9832,1782,411
Other noncurrent assets694727677670619481
Deferred tax assets, net 305   
Other undisclosed noncurrent assets1,002229 154672505
Total noncurrent assets:11,53810,05410,0619,31710,52210,733
TOTAL ASSETS:17,70816,01516,53815,76917,07617,583
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:3,4963,6233,7813,5103,4903,548
Accounts payable2,0982,1772,3211,9401,9401,919
Employee-related liabilities540504519571604591
Taxes payable461121009310662
Other undisclosed accounts payable and accrued liabilities812830841906840976
Debt51365112629283481
Restructuring reserve196991021018726
Accrued environmental loss contingencies62   51141
Other undisclosed current liabilities108   745680
Total current liabilities:4,3754,3733,8954,2404,6564,876
Noncurrent Liabilities
Long-term debt and lease obligation, including:5,0424,3654,1343,7874,0423,910
Long-term debt, excluding current maturities4,5394,3654,1343,7874,0423,544
Other undisclosed long-term debt and lease obligation503    366
Liabilities, other than long-term debt2,3172,1162,8372,8293,0573,639
Deferred tax liabilities, net 442417460702
Liability, pension and other postretirement and postemployment benefits1,4061,2741,4281,4711,7332,127
Other liabilities911842967941864810
Other undisclosed noncurrent liabilities571429  252(107)
Total noncurrent liabilities:7,9306,9106,9716,6167,3517,442
Total liabilities:12,30511,28310,86610,85612,00712,318
Stockholders' equity
Stockholders' equity attributable to parent5,2844,6305,5574,8264,9835,180
Common stock969969969969969484
Treasury stock, value(13,191)(12,958)(11,251)(10,472)(9,440)(8,714)
Additional paid in capital9507887567016351,028
Accumulated other comprehensive loss(2,350)(2,300)(2,057)(2,356)(2,702)(2,116)
Retained earnings18,90618,13117,14015,98415,52114,498
Stockholders' equity attributable to noncontrolling interest119102115878685
Total stockholders' equity:5,4034,7325,6724,9135,0695,265
TOTAL LIABILITIES AND EQUITY:17,70816,01516,53815,76917,07617,583

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues15,14615,37414,89814,92715,33415,388
Revenue, net14,74814,75115,33015,360
Cost of revenue
(Cost of Goods and Services Sold)
(8,653)     
Gross profit:6,49315,37414,89814,92715,33415,388
Operating expenses(4,828)(4,703)(4,517)(4,911)(4,876)(4,949)
Other operating expense, net
(Other Expenses)
(98)(122)(64)(178)(104)(221)
Other undisclosed operating loss  (8,024)  (7,981)
Operating income:1,56710,5492,2939,83810,3542,237
Nonoperating income1038887102170181
Investment income, nonoperating4033314179100
Other nonoperating income635556619181
Interest and debt expense(132)(118)(105)(125)(126)(504)
Income from continuing operations before equity method investments, income taxes:1,53810,5192,2759,81510,3981,914
Income from equity method investments1116121211101
Other undisclosed income (loss) from continuing operations before income taxes112(8,842)(282)(9,000)(8,527)(599)
Income from continuing operations before income taxes:1,6611,6932,0058271,8821,416
Income tax expense(392)(353)(615)(241)(456)(259)
Income from continuing operations:1,2691,3401,3905861,4261,157
Income from discontinued operations 1822531311,002
Net income:1,2691,3581,6158991,4272,159
Net loss attributable to noncontrolling interest(26)(17)(21)(22)(21)(57)
Net income available to common stockholders, diluted:1,2431,3411,5948771,4062,102

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:1,2691,3581,6158991,4272,159
Other comprehensive income (loss)(51)(147)316336(599)(862)
Comprehensive income:1,2181,2111,9311,2358281,297
Comprehensive loss, net of tax, attributable to noncontrolling interest(26)(17)(21)(22)(21)(57)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent111(17)10136
Comprehensive income, net of tax, attributable to parent:1,1931,2051,8931,2238201,246

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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