Common-Size Balance Sheet: Assets
Quarterly Data
Based on: 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).
- Cash and cash equivalents
- Displayed a decreasing trend from 9.28% of total assets in March 2015 to 2.22% by December 2019, with intermittent fluctuations. The most notable decline occurred after 2017, reaching the lowest values in 2019.
- Marketable securities
- Data begins from late 2017, showing very minimal proportions relative to total assets, generally below 1%, and trending downward towards almost negligible levels in 2019.
- Accounts and notes receivable, net
- Exhibited a moderate decline over the period, starting near 13% in early 2015, declining to approximately 5.5% by the end of 2019. The most significant decreases occurred during 2017 and 2019.
- Inventories
- Saw a gradual decline from approximately 12% of total assets in 2015 to around 6% by late 2019, indicating a consistent reduction in inventory levels relative to asset size.
- Deferred income tax assets, current
- Reported only for the early periods up to 2015 and then absent, suggesting possible reclassification or elimination from balance sheet presentation.
- Other current assets
- Varied throughout the periods, generally maintaining low levels between 0.5% and 1.2%, with occasional spikes, but trending slightly downward towards the end of 2019.
- Assets of discontinued operations
- Visible in limited periods around 2017 at about 1.6% but absent elsewhere, implying one-time or transitional items.
- Current assets
- Overall, current assets as a proportion of total assets decreased from just under 36% in early 2015 to approximately 14% by the end of 2019, reflecting a substantial reduction in short-term asset holdings.
- Investment in nonconsolidated affiliates
- Experienced a steady decline from about 6% down to below 2% by late 2019, indicating a reduction or revaluation of associated investments over time.
- Other investments
- Maintained at approximately 3.5% in 2015, but fell sharply to nearly zero by 2019, revealing a significant divestment or write-down in this category.
- Noncurrent receivables
- Started low and further decreased from roughly 1% to near zero by the end of the period, suggesting reduced long-term receivables.
- Investments
- Showed a declining trend from over 11% in early 2016 to under 2% in late 2019, indicative of a substantial reduction in investment assets overall.
- Property, plant and equipment, net
- Maintained a stable range around 26-29% until 2017, before experiencing a significant fall to around 14% by late 2019, showing a marked decrease in fixed assets relative to total assets.
- Goodwill
- Held steady near 18% until 2017, then nearly doubled to about 47% by 2019, suggesting major acquisitions or considerable revaluation of intangible assets.
- Other intangible assets
- Followed a similar pattern to goodwill, increasing from about 5% in early years to nearly 20% by the end of 2019, further reflecting intensification in intangible asset recognition.
- Deferred income tax assets (noncurrent)
- Moderated from just below 3% to around 0.3% by 2019, indicating either realizations or write-downs in deferred tax assets.
- Asbestos-related insurance receivables, noncurrent
- Reported only until mid-2016 and then discontinued, reflecting completion or removal of these assets.
- Deferred charges and other assets
- Remained low, fluctuating between 0.7% and 3%, with a notable increase around mid-2019, likely due to specific transactions or reclassifications.
- Other assets
- Consistently large and increasing over the period, rising from roughly 27% to nearly 69% by 2019, likely driven by goodwill, intangibles, or other substantial balance sheet additions.
- Noncurrent assets
- Grew steadily from about 64% to 85% of total assets by late 2019, indicating a significant shift towards long-term asset composition.
- Total assets
- Remained constant as the reference for proportion calculations.