Element solutions inc (ESI)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13
Assets
Cash and cash equivalents

497

190

200

247

230

233

252

442

412

258

390

427

366

422

714

341

329

432

682

672

297

397

281

642

316

123

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

600

315

-

-

-

Accounts receivable, net of allowance for doubtful accounts of $10.9 and $8.8 at March 31, 2020 and December 31, 2019, respectively

354

363

367

374

380

382

400

1,243

1,289

399

1,133

1,168

1,189

1,054

1,141

1,181

1,172

1,023

943

1,050

1,054

327

145

142

141

140

Inventories

213

199

198

201

202

188

210

583

611

186

556

536

516

416

564

572

612

484

466

470

460

205

79

80

79

89

Note receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

125

-

-

-

0

-

-

-

-

Prepaid expenses

21

18

21

23

19

14

-

-

-

20

-

-

-

71

-

-

-

72

-

-

-

14

-

-

-

-

Other current assets

53

50

54

69

53

42

-

185

190

43

160

143

104

106

-

-

-

100

-

-

-

31

-

-

-

-

Prepaid purchase price

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

63

-

-

-

Prepaid expenses and other current assets

-

-

-

-

-

-

59

47

48

-

54

67

78

-

180

171

180

-

-

195

169

-

26

24

21

30

Current assets of discontinued operations

9

11

8

9

115

1,621

1,545

-

-

1,432

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current assets

1,147

833

850

926

1,001

2,482

2,467

2,501

2,552

2,340

2,296

2,342

2,255

2,071

2,600

2,268

2,296

2,237

2,293

2,387

1,981

1,576

911

889

559

383

Property, plant and equipment, net

256

264

250

256

263

266

270

429

451

287

452

455

456

460

472

480

496

491

266

280

280

178

133

133

135

136

Goodwill

2,127

2,179

2,125

2,177

2,191

2,182

2,187

4,043

4,276

2,252

4,367

4,274

4,270

4,178

4,366

4,370

4,247

4,021

2,842

3,012

2,908

1,405

971

1,004

993

989

Intangible assets, net

894

944

917

967

999

1,024

1,054

2,896

3,126

1,160

3,193

3,184

3,241

3,233

3,393

3,454

3,453

3,314

2,577

2,777

2,769

1,341

664

699

708

720

Other assets

130

95

122

105

109

32

28

106

141

42

128

128

126

110

93

99

98

124

79

88

128

45

47

39

29

30

Non-current assets of discontinued operations

6

6

6

6

6

3,412

3,383

-

-

4,168

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total assets

4,563

4,324

4,273

4,440

4,572

9,401

9,391

9,978

10,547

10,252

10,438

10,386

10,349

10,054

10,926

10,672

10,592

10,190

8,059

8,546

8,067

4,547

2,729

2,766

2,425

2,260

Liabilities and stockholders' equity
Revolving credit facilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22

173

-

-

-

-

-

Accounts payable

101

96

102

106

110

100

112

464

498

111

427

432

410

383

394

393

419

450

386

386

389

106

58

56

54

56

Current installments of long-term debt and revolving credit facilities

327

7

7

57

128

25

-

138

116

10

90

188

207

116

81

161

188

54

-

16

20

13

7

7

7

8

Accrued salaries, wages and employee benefits

-

-

-

-

-

-

-

-

-

-

89

77

86

-

78

64

60

78

-

30

38

31

20

17

13

22

Accrued income taxes payable

-

-

-

-

-

-

-

-

-

-

73

56

79

-

100

76

69

65

103

1

27

16

11

3

4

6

Preferred stock redemption liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

504

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses and other current liabilities

156

155

141

116

138

189

171

582

620

205

440

449

417

583

409

440

436

414

-

190

148

72

42

29

27

26

Current liabilities of discontinued operations

17

34

38

57

80

826

842

-

-

764

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued working capital adjustment payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

4

-

-

-

-

-

Accrued customer rebates and sales incentives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

139

105

-

-

-

-

-

Financial guarantees and factoring

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

70

89

-

-

-

-

-

Total current liabilities

603

293

289

338

456

1,142

1,126

1,185

1,235

1,091

1,120

1,204

1,200

1,082

1,568

1,136

1,175

1,062

966

858

998

240

141

115

107

119

Debt

1,512

1,513

1,514

1,515

1,516

5,350

5,389

5,402

5,495

5,437

5,332

5,271

5,141

5,122

5,196

5,187

5,218

5,173

3,401

3,401

3,424

1,392

738

740

742

744

Pension and post-retirement benefits

49

50

47

48

48

49

53

65

70

56

71

73

73

73

75

75

81

80

44

45

45

38

-

23

21

25

Deferred income taxes

115

119

126

120

128

133

145

524

569

170

671

665

668

663

696

733

723

678

567

675

647

202

151

166

166

169

Contingent consideration

-

-

-

-

-

-

81

80

79

79

79

78

76

75

75

74

73

70

70

67

66

63

60

58

47

34

Other liabilities

142

127

175

186

167

128

76

115

130

85

145

140

138

145

253

250

223

205

113

104

113

56

57

35

36

30

Non-current liabilities of discontinued operations

-

-

0

0

0

416

406

-

-

472

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities

2,422

2,105

2,152

2,209

2,317

7,220

7,280

7,374

7,580

7,392

7,419

7,434

7,300

7,164

7,866

7,458

7,496

7,271

5,162

5,152

5,295

1,994

1,150

1,140

1,122

1,124

Commitments and contingencies (Note 11)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

-

-

-

-

Redeemable preferred stock - Series B

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

645

645

645

645

645

645

0

-

-

-

-

Redeemable 401(k) plan interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21

Stockholders' Equity
Preferred stock - Series A

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

Common stock: 400.0 shares authorized (2020: 260.9 shares issued; 2019: 258.4 shares issued)

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

1

1

1

1

1

-

Additional paid-in capital

4,117

4,114

4,111

4,109

4,105

4,062

4,054

4,048

4,043

4,032

4,025

4,012

4,000

3,981

3,921

3,524

3,521

3,520

3,287

3,287

2,814

2,812

1,703

1,703

1,401

1,212

Treasury stock (2020: 12.2 shares; 2019: 8.3 shares)

113

78

67

16

5

3

0

0

0

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Accumulated deficit

-1,527

-1,536

-1,610

-1,604

-1,605

-1,195

-1,230

-821

-833

-869

-728

-659

-597

-573

-571

-676

-667

-532

-403

-263

-250

-224

-190

-202

-201

-194

Accumulated other comprehensive loss

-334

-280

-313

-258

-240

-756

-780

-697

-356

-422

-410

-533

-498

-674

-464

-473

-587

-886

-741

-387

-547

-130

-33

24

4

1

Total stockholders' equity

2,143

2,220

2,122

2,232

2,256

2,109

2,046

2,532

2,855

2,743

2,890

2,822

2,907

2,736

2,888

2,376

2,268

2,103

2,145

2,639

2,017

2,459

1,481

1,527

1,205

1,019

Non-controlling interests

-1

-1

-1

-1

-1

71

65

72

111

116

128

129

142

153

172

191

181

169

105

109

109

93

98

98

97

96

Total equity

2,141

2,219

2,120

2,231

2,255

2,181

2,111

2,604

2,967

2,860

3,018

2,952

3,049

2,889

3,060

2,567

2,450

2,273

2,250

2,748

2,126

2,552

1,579

1,626

1,303

1,115

Total liabilities and stockholders' equity

4,563

4,324

4,273

4,440

4,572

9,401

9,391

9,978

10,547

10,252

10,438

10,386

10,349

10,054

10,926

10,672

10,592

10,190

8,059

8,546

8,067

4,547

2,729

2,766

2,425

2,260