This company has been moved to the archive! The financial data has not been updated since October 31, 2017.
Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.
The financial position of the entity from March 2012 to September 2017 is characterized by a significant erosion of stockholders' equity and a volatile liability profile, particularly concerning contingent liabilities and deferred tax obligations.
Liability Structure and Trends
Total liabilities exhibited a peak in late 2014, reaching 39,371 million US dollars in December 2014, before trending downward to 29,206 million US dollars by September 2017. This fluctuation was largely driven by current liabilities, which spiked to over 10,900 million US dollars during 2014 due to the emergence of Tronox-related contingent liabilities. Once these specific liabilities were removed from the current accounts after December 2014, current liabilities stabilized between 3,100 and 5,200 million US dollars.
Long-term debt remained relatively stable throughout the period, oscillating between 13,000 and 16,400 million US dollars. A gradual increase was noted through March 2015, after which the balance leveled off near 15,400 million US dollars. In contrast, deferred income taxes showed a consistent and steep decline, falling from 8,864 million US dollars in March 2012 to 3,378 million US dollars by the end of the observed period.
Equity and Retained Earnings Analysis
A severe downward trend is observed in stockholders' equity, which declined from 20,279 million US dollars in March 2012 to 10,782 million US dollars in September 2017. This contraction is primarily attributable to the depletion of retained earnings. Retained earnings peaked at 15,218 million US dollars in September 2013 but plummeted to 160 million US dollars by September 2017, representing a near-total erosion of accumulated profits.
Paid-in capital provided a partial offset to the loss in retained earnings, increasing from 7,919 million US dollars in March 2012 to 11,972 million US dollars in September 2017. However, this increase was insufficient to stabilize total equity. Noncontrolling interests also grew over the period, increasing from 885 million US dollars in March 2012 to a peak of 3,319 million US dollars in June 2016, before settling at 3,140 million US dollars in September 2017.
The overall capital structure transitioned toward higher reliance on liabilities relative to equity. The combination of diminishing retained earnings and the persistence of long-term debt indicates a weakening of the solvency buffer over the five-year period analyzed.