Trinseo S.A. TSE Balance Sheet

Trinseo s.a. (TSE)

Balance Sheet / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Dec'13
Assets
Current assets
Cash and cash equivalents
440	456	483	534	516	452	421	451	398	432	318	399	410	465	466	465	438	431	320	231	218	220	152	323	196
Accounts receivable, net of allowance for doubtful accounts (March 31, 2020: $6.7; December 31, 2019: $5.3)
576	570	598	619	650	648	753	763	728	685	719	723	698	564	511	534	535	494	550	605	590	601	726	775	717
Inventories
405	438	446	458	447	510	585	531	588	510	483	473	481	385	375	365	367	353	391	406	390	473	508	526	530
Deferred income tax assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	10	8	11	12	9	9
Other current assets
16	25	26	25	25	20	39	28	18	17	24	14	15	18	37	27	13	10	19	12	11	15	21	19	22
Total current assets
1,438	1,491	1,554	1,638	1,640	1,631	1,799	1,775	1,734	1,646	1,545	1,611	1,605	1,432	1,391	1,392	1,353	1,289	1,291	1,266	1,219	1,322	1,421	1,654	1,476
Investments in unconsolidated affiliates
197	188	199	199	198	179	180	163	168	152	161	153	160	191	186	190	181	182	191	200	189	167	164	162	155
Property, plant and equipment, net of accumulated depreciation (March 31, 2020: $702.9; December 31, 2019: $665.7)
572	625	559	574	575	592	594	600	635	627	600	556	519	510	494	505	522	518	522	521	505	556	552	586	606
Other assets
Goodwill
66	67	66	68	67	69	69	70	74	72	62	31	29	38	31	31	32	31	31	31	30	34	34	36	37
Other intangible assets, net
188	191	185	185	187	191	195	197	206	207	207	178	174	177	177	171	168	158	155	150	145	165	172	189	171
Right of use assets - operating
77	71	67	70	68	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income tax assets
78	67	28	29	27	26	32	32	34	35	46	37	32	43	40	42	46	51	62	59	48	46	38	38	42
Deferred charges and other assets
38	55	63	38	41	37	37	35	32	30	31	32	30	27	29	29	27	27	57	59	57	62	64	72	83
Total other assets
448	453	410	392	392	324	335	335	348	346	349	280	267	287	279	274	273	268	306	300	281	309	309	337	335
Total assets
2,657	2,758	2,725	2,804	2,806	2,726	2,910	2,874	2,886	2,772	2,656	2,601	2,553	2,421	2,352	2,362	2,331	2,258	2,312	2,289	2,195	2,356	2,448	2,741	2,574
Liabilities and shareholders' equity
Current liabilities
Short-term borrowings and current portion of long-term debt
11	11	11	8	7	7	7	7	7	7	7	5	5	5	5	5	5	5	5	6	4	7	8	142	8
Accounts payable
301	343	351	394	391	354	459	448	454	436	415	394	423	378	331	330	340	324	337	399	395	434	486	507	509
Current lease liabilities - operating
14	14	14	15	15	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes payable
1	5	6	4	13	16	19	15	36	35	32	34	29	23	25	20	28	20	36	27	15	9	10	10	9
Deferred income tax liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1	1	1	1	1	2
Accrued expenses and other current liabilities
151	154	155	155	155	159	141	146	135	146	140	127	125	135	130	107	91	98	109	91	84	120	96	134	136
Total current liabilities
481	527	538	579	582	537	628	617	633	626	595	560	582	542	492	463	465	449	489	525	501	574	604	794	666
Noncurrent liabilities
Long-term debt, net of unamortized deferred financing fees
1,162	1,162	1,162	1,160	1,160	1,160	1,161	1,162	1,164	1,165	1,165	1,192	1,166	1,160	1,185	1,183	1,192	1,177	1,215	1,214	1,194	1,194	1,194	1,195	1,327
Noncurrent lease liabilities - operating
64	58	53	55	53	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income tax liabilities
45	41	43	49	46	45	46	44	51	49	40	30	28	24	25	27	27	25	29	28	29	27	31	32	26
Other noncurrent obligations
300	300	212	214	210	214	247	247	281	256	284	257	240	246	224	224	226	217	232	231	220	239	200	209	210
Total noncurrent liabilities
1,572	1,562	1,471	1,480	1,470	1,421	1,455	1,455	1,497	1,470	1,490	1,480	1,436	1,431	1,436	1,435	1,446	1,420	1,477	1,475	1,444	1,461	1,426	1,436	1,565
Commitments and contingencies (Note 15)
-	-	-	-	-	-	0	0	0	-	0	0	-	0	-	-	-	0	-	-	0	-	0	0	0
Shareholders' equity
Ordinary shares, $0.01 nominal value, 50,000.0 shares authorized (March 31, 2020: 48.8 shares issued and 38.2 shares outstanding; December 31, 2019: 48.8 shares issued and 39.0 shares outstanding)
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
Additional paid-in-capital
575	574	574	571	568	575	572	569	566	578	576	575	574	573	571	565	562	556	556	553	550	547	544	542	339
Treasury shares, at cost (March 31, 2020: 10.68 shares; December 31, 2019: 9.8 shares)
548	524	505	465	445	418	367	333	299	286	263	258	233	217	193	93	57	-	-	-	-	-	-	-	-
Retained earnings
729	781	791	784	772	753	770	713	632	527	423	406	362	261	193	139	58	-18	-61	-113	-114	-151	-122	-112	-84
Accumulated other comprehensive loss
-154	-162	-144	-145	-143	-142	-149	-147	-144	-145	-167	-162	-169	-170	-148	-148	-143	-149	-150	-152	-187	-75	-5	78	88
Total shareholders' equity
603	668	715	745	753	768	826	801	755	674	570	560	534	447	423	463	420	389	345	287	248	320	417	509	343
Total liabilities and shareholders' equity
2,657	2,758	2,725	2,804	2,806	2,726	2,910	2,874	2,886	2,772	2,656	2,601	2,553	2,421	2,352	2,362	2,331	2,258	2,312	2,289	2,195	2,356	2,448	2,741	2,574