USG Corporation (USG) financial statements (2020 and earlier)

Company profile

Business Address 550 WEST ADAMS STREET
CHICAGO, IL 60661
State of Incorp. DE
Fiscal Year End December 31
SIC 327 - Concrete, Gypsum, And Plaster Products (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2018
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 investments383456489636324892652
Cash and cash equivalents328394427442228810546
Short-term investments5562621949682106
Restricted cash and investments   91  
Receivables233233183391404369326
Inventory, net of allowances, customer advances and progress billings290252236314329332304
Inventory290252236314329332304
Disposal group, including discontinued operation    5  
Prepaid expense and other current assets40
Assets held-for-sale1 
Income taxes receivable32
Other current assets443540454847
Other undisclosed current assets21151541563
Total current assets:9719919491,4001,1521,7001,327
Noncurrent Assets
Property, plant and equipment1,8381,7621,7071,7881,9082,1032,100
Long-term investments and receivables7057236577187936025
Long-term investments7057236577187936025
Intangible assets, net (including goodwill)4043 10485462
Goodwill1516     
Intangible assets, net (excluding goodwill)2527 10485462
Other noncurrent assets424564102122241
Prepaid expense and other noncurrent assets233
Other undisclosed noncurrent assets246287492718(29)(37)(24)
Total noncurrent assets:2,8712,8602,9203,3362,8422,4212,396
TOTAL ASSETS:3,8423,8513,8694,7363,9944,1213,723
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities421415422482553563596
Accounts payable290280237259290284286
Accrued liabilities129135175214220216237
Employee-related liabilities    425871
Taxes payable2 109152
Debt   5004634
Derivative instruments and hedges, liabilities    18 2
Restructuring reserve    1
Estimated litigation liability   948  
Self insurance reserve    212225
Deferred tax liabilities      22
Other undisclosed current liabilities    (82)(80)(98)
Total current liabilities:421415422991563568551
Noncurrent Liabilities
Long-term debt and lease obligation1,0791,0781,0831,6752,2052,2382,016
Long-term debt, excluding current maturities1,0791,0781,0831,6752,2052,2382,016
Liabilities, other than long-term debt4185094786348186531,137
Pension and other postretirement defined benefit plans, liabilities277573
Deferred tax liabilities, net  4561665
Liability, pension and other postretirement and postemployment benefits254326290392491
Due to related parties     54289
Other liabilities164183184237266256270
Other undisclosed noncurrent liabilities54     
Total noncurrent liabilities:1,5021,5911,5612,3093,0232,8913,153
Total liabilities:1,9232,0061,9833,3003,5863,4593,704
Stockholders' equity
Stockholders' equity attributable to parent1,9191,8451,8861,4364076386
Common stock15151515141411
Treasury stock, value(200)(169)     
Additional paid in capital3,0303,0573,0383,0273,0142,9202,595
Accumulated other comprehensive income (loss)(383)(389)(385)(314)(338)24(233)
Accumulated deficit(543)(669)(782)(1,292)(2,283)(2,320)(2,367)
Stockholders' equity attributable to noncontrolling interest    12413
Total stockholders' equity:1,9191,8451,8861,43640866219
TOTAL LIABILITIES AND EQUITY:3,8423,8513,8694,7363,9944,1213,723

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues3,3363,2043,0173,7763,7243,5703,224
Revenue, net3,2043,0173,7763,7243,5703,224
Cost of revenue
(Cost of Goods and Services Sold)
(2,730)(2,539)(2,312)(3,085)(3,070)(2,989)(2,829)
Gross profit:606665705691654581395
Operating expenses(379)(298)(314)(317)(503)(358)(350)
Other undisclosed operating income  37113528
Operating income:22736739438116225873
Nonoperating income (expense)9(4)16(5)16104
Investment income, nonoperating74422854
Loss on contract termination    (6)  
Foreign currency transaction gain (loss), before tax(6)(4)3(7)(6)4 
Other nonoperating income (expense)8(4)9  1 
Interest and debt expense(57)(91)(182)(182)(179)(203)(247)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 63466847(6) 
Income (loss) from continuing operations before equity method investments, income taxes:1793352742624659(170)
Income from equity method investments4259495035  
Other undisclosed loss from continuing operations before income taxes (59)(49)(50)   
Income (loss) from continuing operations before income taxes:2213352742628159(170)
Income tax expense (benefit)(34)(238)(63)729(7)(11)(12)
Other undisclosed loss from continuing operations    (35)  
Income (loss) before gain (loss) on sale of properties:187972119913948(182)
Other undisclosed net income (loss) (9)299 (1)(2)57
Net income (loss):187885109913846(125)
Net income attributable to noncontrolling interest     1 
Other undisclosed net income (loss) attributable to parent9   (1) (1)
Net income (loss) available to common stockholders, basic:196885109913747(126)
Other undisclosed net loss available to common stockholders, diluted   (1)   
Net income (loss) available to common stockholders, diluted:196885109903747(126)

Comprehensive Income ($ in millions)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):187885109913846(125)
Other comprehensive income (loss)6(4)(71)24(362)257(59)
Comprehensive income (loss):193844391,015(324)303(184)
Comprehensive loss, net of tax, attributable to noncontrolling interest     (1) 
Other undisclosed comprehensive income, net of tax, attributable to parent9      
Comprehensive income (loss), net of tax, attributable to parent:202844391,015(324)302(184)

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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