Praxair Inc (PX) financial statements (2021 and earlier)

Company profile

Business Address 10 RIVERVIEW DRIVE
DANBURY, CT 06810
State of Incorp. DE
Fiscal Year End December 31
SIC 281 - Industrial Inorganic Chemicals (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments617524147126138157
Cash and cash equivalents617524147126138157
Receivables1,8041,6411,6011,7961,8921,834
Inventory, net of allowances, customer advances and progress billings614550531551506476
Inventory614550531551506476
Prepaid expense   116145
Prepaid expense and other current assets412
Deferred tax assets   189181185
Other current assets250165347366380
Other undisclosed current assets   (305)(326)(272)
Total current assets:3,2852,8802,6262,8392,9162,792
Noncurrent Assets
Property, plant and equipment12,05711,47710,99811,99712,27811,453
Long-term investments and receivables676667630696694666
Long-term investments727717665701709663
Accounts and financing receivable, after allowance for credit loss(51)(50)(35)(5)(15)3
Intangible assets, net (including goodwill)3,7863,7003,5543,7243,7902,680
Goodwill3,2333,1172,9863,1213,1942,507
Intangible assets, net (excluding goodwill)553583568603596173
Prepaid expense   114133
Other noncurrent assets581558476549569
Prepaid expense and other noncurrent assets670
Defined benefit plan, assets for plan benefits  3542 
Deferred tax assets, net   9872 
Other undisclosed noncurrent assets515035(250)(239)(171)
Total noncurrent assets:17,15116,45215,69316,96317,33915,298
TOTAL ASSETS:20,43619,33218,31919,80220,25518,090
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,2141,0399351,6091,0891,051
Accounts payable972906791864921928
Accrued liabilities   305  
Employee-related liabilities   252  
Taxes payable242133144119168123
Interest and dividends payable   69  
Debt1,217598256589785677
Liability for uncertainty in income taxes    55
Other liabilities876841702918790751
Other undisclosed current liabilities   (626)(5)(5)
Total current liabilities:3,3072,4781,8932,4902,6642,479
Noncurrent Liabilities
Long-term debt and lease obligation, including:7,7838,9178,9758,6698,0266,685
Long-term debt, excluding current maturities4558811
Other undisclosed long-term debt and lease obligation7,7798,9128,9708,6618,0186,674
Liabilities, other than long-term debt2,8242,4852,5454,5124,0133,993
Deferred revenue and credits1,2361,2721,3901,2811,396977
Pension and other postretirement defined benefit plans, liabilities498909
Accounts payable and accrued liabilities   23  
Deferred tax liabilities, net   1,1981,205768
Liability for uncertainty in income taxes   575563
Liability, pension and other postretirement and postemployment benefits   777
Other liabilities1,5881,2131,1551,1768591,276
Other undisclosed noncurrent liabilities   (2,055)(1,758)(1,740)
Total noncurrent liabilities:10,60711,40211,52011,12610,2818,938
Total liabilities:13,91413,88013,41313,61612,94511,417
Temporary equity, carrying amount1111113176307252
Stockholders' equity
Stockholders' equity attributable to parent6,0185,0214,3895,6236,6096,064
Common stock444444
Treasury stock, value(7,196)(7,336)(7,253)(6,651)(5,912)(5,511)
Additional paid in capital4,0844,0744,0053,9943,9703,889
Accumulated other comprehensive loss(4,098)(4,600)(4,596)(3,185)(1,981)(1,852)
Retained earnings13,22412,87912,22911,46110,5289,534
Stockholders' equity attributable to noncontrolling interest493420404387394357
Total stockholders' equity:6,5115,4414,7936,0107,0036,421
TOTAL LIABILITIES AND EQUITY:20,43619,33218,31919,80220,25518,090

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

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Gross profit:11,43710,53410,77612,27311,92511,224
Operating expenses(2,484)(2,359)(2,351)(2,635)(2,597)(2,452)
Other operating income, net4232893243
Other nonrecurring (income) expense(54)(100)(172)(138)(32)(65)
Other undisclosed operating loss(6,509)(5,960)(6,132)(7,039)(6,735)(6,378)
Operating income:2,4482,2382,3212,6082,6252,437
Nonoperating income (expense)
(Foreign Currency Transaction Gain (Loss), before Tax)
   13(9)
Interest and debt expense(161)(190)(161)(213)(178)(141)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   (1)(3)9
Income from continuing operations before equity method investments, income taxes:2,2872,0482,1602,3952,4472,296
Income from equity method investments   423834
Income from continuing operations before income taxes:2,2872,0482,1602,4372,4852,330
Income tax expense(1,026)(551)(612)(691)(649)(586)
Other undisclosed loss from continuing operations   (42)(38)(34)
Income before gain (loss) on sale of properties:1,2611,4971,5481,7041,7981,710
Other undisclosed net income474143423834
Net income:1,3081,5381,5911,7461,8361,744
Net loss attributable to noncontrolling interest(61)(38)(44)(52)(81)(52)
Net income available to common stockholders, diluted:1,2471,5001,5471,6941,7551,692

Comprehensive Income ($ in millions)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income:1,3081,5381,5911,7461,8361,744
Other comprehensive income (loss)536(15)(1,441)(1,233)(123)(104)
Other undisclosed comprehensive income (loss) 7(17)(24)  
Comprehensive income:1,8441,5301334891,7131,640
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(95)(34)317654
Other undisclosed comprehensive loss, net of tax, attributable to parent    (152)(108)
Comprehensive income, net of tax, attributable to parent:1,7491,4961364901,6371,586

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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