PQ Group Holdings Inc. (PQG) financial statements (2021 and earlier)

Company profile

Business Address 300 LINDENWOOD DRIVE
MALVERN, PA 19355
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)

12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments725866
Cash and cash equivalents725866
Restricted cash and investments2  
Receivables180197193
Inventory, net of allowances, customer advances and progress billings281265262
Inventory281265262
Other undisclosed current assets343927
Total current assets:569559549
Noncurrent Assets
Operating lease, right-of-use asset57
Property, plant and equipment1,1871,2091,230
Long-term investments and receivables473468469
Long-term investments473468469
Intangible assets, net (including goodwill)1,9361,9832,092
Goodwill1,2601,2551,306
Intangible assets, net (excluding goodwill)676728786
Other noncurrent assets9910875
Total noncurrent assets:3,7523,7693,866
TOTAL ASSETS:4,3214,3274,415
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities247248243
Accounts payable144148149
Accrued liabilities10210094
Debt23745
Total current liabilities:269256288
Noncurrent Liabilities
Long-term debt and lease obligation1,9402,1072,185
Long-term debt, excluding current maturities1,8992,1072,185
Finance lease, liability0
Operating lease, liability40
Liabilities, other than long-term debt109105120
Other liabilities109105120
Other undisclosed noncurrent liabilities218196189
Total noncurrent liabilities:2,2662,4082,495
Total liabilities:2,5362,6632,784
Stockholders' equity
Stockholders' equity attributable to parent1,7791,6601,628
Common stock111
Treasury stock, value(6)(3) 
Additional paid in capital1,6971,6751,655
Accumulated other comprehensive income (loss)(15)(39)4
Retained earnings (accumulated deficit)10326(33)
Stockholders' equity attributable to noncontrolling interest654
Total stockholders' equity:1,7851,6641,632
TOTAL LIABILITIES AND EQUITY:4,3214,3274,415

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

12/31/2019
12/31/2018
12/31/2017
Revenues1,5671,6081,472
Revenue, net1,472
Cost of revenue
(Cost of Goods and Services Sold)
(1,177)(1,227)(1,095)
Gross profit:391382377
Operating expenses(203)(198)(209)
Operating income:188184168
Nonoperating income (expense)2(11)(26)
Gain on contract termination 21 
Foreign currency transaction loss, before tax(3)(14)(26)
Net periodic defined benefits expense (reversal of expense), excluding service cost component (4)
Other nonoperating income11 
Interest and debt expense(115)(121)(241)
Income (loss) from continuing operations before equity method investments, income taxes:7551(99)
Income from equity method investments463839
Income (loss) from continuing operations before income taxes:12189(61)
Income tax expense (benefit)(41)(29)119
Net income:806059
Net loss attributable to noncontrolling interest(1)(1)(1)
Net income available to common stockholders, diluted:805858

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
Net income:806059
Other comprehensive income (loss)23(43)57
Comprehensive income:10316115
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)(1)0
Comprehensive income, net of tax, attributable to parent:10115116

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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