DuPont de Nemours Inc. (NYSE:DD)

The financial data reveals notable fluctuations in the company's current assets over the five-year period ending December 31, 2019. Initially, current assets experienced a slight decline, moving from approximately 24,475 million US dollars in 2015 to 23,659 million in 2016. Subsequently, there was a significant increase to nearly 49,893 million dollars in 2017, which remained relatively stable in 2018 at approximately 49,603 million dollars before dropping markedly to 9,999 million dollars in 2019.

Adjusted current assets followed a similar trajectory, starting at about 23,750 million dollars in 2015, slightly increasing to around 23,822 million in 2016, then sharply rising to 49,804 million in 2017. This figure remained consistent in 2018 at approximately 49,696 million, but then decreased substantially to 10,008 million dollars in 2019.

Trends and Patterns

The data indicates a period of stability with a minor decline in the early years, followed by a dramatic increase in current assets in 2017 and 2018, suggesting a significant asset acquisition or reclassification during those years. The sudden and pronounced decline in 2019 signals a major change, potentially due to asset disposal, write-offs, or revaluation.

The close alignment between current assets and adjusted current assets across all years suggests consistency in the adjustments made to the raw current asset figures, implying that adjustments do not drastically alter the financial position indicated by the current assets.

Insights

The sharp increase followed by a steep decline in both asset measures may impact liquidity and working capital ratios significantly, which would warrant further investigation. The large fluctuations suggest that the company experienced notable operational or structural changes influencing its asset base, which could have implications for short-term financial health and operational efficiency.

The data's volatility highlights the importance of examining corresponding liabilities and equity positions to understand the impact on overall financial stability during this period.

Total assets

The total assets showed a general increase from 2015 to 2017, rising significantly from US$68,026 million in 2015 to US$192,164 million in 2017. In 2018, total assets slightly decreased to US$188,030 million and then dropped sharply to US$69,396 million in 2019. This pattern suggests a major asset acquisition or revaluation between 2016 and 2017, followed by substantial asset disposals or reclassification by the end of 2019.

Adjusted total assets

The adjusted total assets follow a similar trend to total assets over the years. They increased steadily from US$67,647 million in 2015 to US$193,042 million in 2017, indicating consistent adjustments aligned with asset growth. In 2018, adjusted total assets slightly decreased to US$189,176 million, and then sharply declined to US$69,169 million in 2019. The close alignment between adjusted and total assets values throughout these years shows consistent adjustment practices without significant deviation.

The financial data reveals notable fluctuations in current liabilities and adjusted current liabilities over the five-year period ending in 2019. Initially, both current liabilities and adjusted current liabilities show a modest increase from 2015 to 2016, with current liabilities rising from 11,215 million US dollars to 12,604 million US dollars, and adjusted current liabilities mirroring this trend exactly.

A significant spike occurs in 2017, where current liabilities more than double to 26,128 million US dollars, while adjusted current liabilities also increase substantially to 23,522 million US dollars. This sharp rise indicates a considerable escalation in the company's short-term financial obligations during that year.

Following 2017, there is a slight decline in both metrics in 2018. Current liabilities decreased to 24,715 million US dollars, and adjusted current liabilities fell to 22,150 million US dollars. Despite this reduction, the figures remain considerably elevated compared to the levels before 2017.

By the end of 2019, a pronounced improvement is evident, with current liabilities and adjusted current liabilities dropping to 8,346 million US dollars each. This sharp decline suggests a meaningful reduction in the company's short-term liabilities, returning to levels closer to those seen in 2015 and 2016.

Trends and Observations

The period from 2015 to 2016 showed steady, moderate increases in short-term liabilities.

A significant increase in liabilities in 2017 suggests possible acquisitions, increased debt, or restructuring of obligations.

The gradual decrease in 2018 points toward possible repayment or reclassification of liabilities.

The substantial reduction in liabilities by 2019 indicates successful liability management or operational changes leading to lower current obligations.

The close alignment between current liabilities and adjusted current liabilities across all years reflects consistency in the adjustments applied.

Overall, the data implies a period of financial stress or expansion in the middle years, followed by a strong corrective phase reducing liabilities by the end of the observation period.

The annual financial data for the period from 2015 to 2019 exhibits notable fluctuations in both total liabilities and adjusted total liabilities for the company. A marked increase in liabilities is observed from 2015 through 2018, followed by a substantial decline in 2019.

Total liabilities

The total liabilities rose steadily from approximately 41.8 billion US dollars in 2015 to a peak of 91.9 billion US dollars in 2018. This represents a more than doubling of liabilities over three years, indicating a significant increase in the company's financial obligations. However, in 2019, there is a sharp drop to around 27.8 billion US dollars, which is a drastic reduction compared to the previous years and even lower than the initial 2015 level.

Adjusted total liabilities

Adjusted total liabilities follow a similar trend, starting at roughly 43.1 billion US dollars in 2015 and climbing to around 85.9 billion US dollars in 2018. This upward trajectory, while slightly less steep than the total liabilities, still reflects substantial growth in adjusted liabilities during this period. In 2019, adjusted total liabilities also decrease significantly to about 24.2 billion US dollars, mirroring the pattern seen in total liabilities with a pronounced reduction.

The notable increase in liabilities between 2015 and 2018 may signal increased borrowing, acquisitions, or other financial strategies leading to higher obligations. The sharp decline in 2019 suggests a major deleveraging event or restructuring activity that effectively reduced liabilities to a level below the 2015 baseline. This pattern highlights a cycle of rising and then rapidly decreasing liabilities, which could have significant implications for risk, leverage, and financial stability.

The financial data reveals significant fluctuations in equity values over the assessed periods.

Total DuPont stockholders’ equity

This item shows a relatively stable trend in the earlier years, with a slight increase from 25,374 million USD in 2015 to 25,987 million USD in 2016. However, there is a substantial increase in 2017 to 100,330 million USD, which then decreases to 94,571 million USD in 2018. Following this, there is a pronounced decline to 40,987 million USD in 2019. This pattern suggests a major event impacting equity around 2017, followed by a correction or restructuring in subsequent years.

Adjusted total equity

Similarly, adjusted total equity exhibits an upward trend from 24,592 million USD in 2015 to 25,517 million USD in 2016, then rises sharply to 109,429 million USD in 2017. This peak is followed by a decrease to 103,232 million USD in 2018 and a more significant decline to 45,005 million USD in 2019. The adjusted values closely reflect the movements seen in total stockholders’ equity, confirming a parallel shift in the company’s equity structure.

Overall, the data indicates a pronounced increase in equity in 2017, which could be attributed to an acquisition, merger, or revaluation event. The subsequent decline over the next two years suggests post-event adjustments or financial repositioning. The adjusted equity figures following a similar trend reinforce the consistency of these changes. The volatility in equity underlines a period of strategic or financial transformation within the company during these years.

The financial data reveals several notable trends in the capital structure over the five-year period ending December 31, 2019.

Total reported debt

This liability increased steadily from 2015 through 2018, rising from $17.21 billion to a peak of $40.46 billion. However, in 2019, it sharply declined to approximately $17.45 billion, almost returning to the 2015 level.

Total DuPont stockholders’ equity

Equity remained relatively stable from 2015 to 2016, around $25.37 billion and $25.99 billion respectively. A substantial surge occurred in 2017, where equity more than tripled to $100.33 billion, before slightly decreasing but remaining elevated through 2018 and significantly dropping to $40.99 billion in 2019.

Total reported capital

Capital, the sum of debt and equity, mirrored the combined trends of these components. From $42.58 billion in 2015, it steadily increased to over $135 billion by 2018, driven chiefly by the spikes in both debt and equity. A large contraction followed in 2019, bringing the total capital to $58.43 billion, less than half of its 2018 peak.

Adjusted total debt

Similar to reported debt, adjusted debt rose consistently from $19.25 billion in 2015 to $43.24 billion in 2018, then dramatically declined to $18.00 billion in 2019. This suggests the company undertook considerable debt reduction or restructuring activities during the last year.

Adjusted total equity

Adjusted equity trends also mirror the reported figures: steady levels around $24.59 billion until 2016, a marked increase to over $109 billion in 2017, a slight decrease in 2018, and a significant drop to about $45.00 billion by 2019. The fluctuation indicates substantial equity transactions, possibly including capital raises or accounting revaluations.

Adjusted total capital

Adjusted capital follows the overall pattern, increasing markedly from $43.84 billion in 2015 to $146.47 billion in 2018, before descending to $63.01 billion in 2019. The large swing highlights pronounced changes in financial leverage and capital structure over the period.

In summary, the data exhibits a period of aggressive growth or acquisition activity reflected by the sharp rise in both debt and equity during 2017 and 2018, followed by a significant deleveraging or restructuring in 2019. The fluctuations suggest strategic financial maneuvers with substantial impacts on the capital base within a relatively short timeframe.

The financial data reveals notable fluctuations in net sales and adjusted net sales over the five-year period ending in 2019. Initially, net sales experienced a slight decrease from US$48,778 million in 2015 to US$48,158 million in 2016. This was followed by a significant increase in 2017, where net sales rose to US$62,484 million, and the upward trend continued sharply into 2018 with net sales reaching US$85,977 million. However, in 2019, there was a drastic decline to US$21,512 million, representing a substantial drop from the previous year.

Adjusted net sales generally mirrored the trend observed in net sales. The adjusted figures remained the same as the net sales values for the years 2015 and 2016. In 2017, adjusted net sales increased slightly more than net sales, reaching US$64,816 million compared to the net sales figure of US$62,484 million. The growth persisted in 2018 with adjusted net sales at US$85,936 million, closely matching the net sales figure for the same year. Similar to net sales, 2019 saw a steep decline in adjusted net sales to US$21,512 million.

Sales Trend Summary:

Net and adjusted net sales showed steady performance with minor fluctuations from 2015 to 2016.

A pronounced growth phase occurred between 2016 and 2018, with sales figures peaking in 2018.

The sharp contraction in both net and adjusted net sales in 2019 indicates a significant change in business scale or market conditions.

The alignment of net sales and adjusted net sales over the years suggests consistent accounting adjustments without drastic differences between reported and adjusted figures.

Overall, the data indicates a period of expansion followed by a sudden decline in sales in the last year reported, requiring further investigation into the factors contributing to the 2019 downturn.

The financial data reveals significant fluctuations in the profitability of the company over the examined five-year period. Both net income attributable to the company and adjusted net income display notable variability, indicating periods of strong performance as well as considerable challenges.

Net Income Attributable to DuPont

This metric shows a peak in 2015 at 7,685 million USD, followed by a sharp decline to 4,318 million USD in 2016. The downward trend continued into 2017, reaching a low of 1,460 million USD. A recovery is observed in 2018 when net income increased to 3,844 million USD, but this improvement was not sustained, as net income decreased substantially to 498 million USD in 2019.

Adjusted Net Income

Adjusted net income also follows a volatile trajectory. The value dropped markedly from 6,936 million USD in 2015 to 2,176 million USD in 2016. The figure showed some recovery in 2017, increasing to 2,782 million USD, before declining again to 1,385 million USD in 2018. In 2019, adjusted net income turned negative, reaching -1,583 million USD, signaling considerable operational or extraordinary challenges affecting earnings on an adjusted basis.

Overall, both net income and adjusted net income demonstrate a clear downward trend over the five years, with 2019 reflecting the most challenging year in terms of both reported and adjusted profitability. The divergence between the two measures in some years, particularly the negative adjusted net income in 2019 compared to still positive net income, suggests the presence of non-operational or extraordinary items impacting adjusted results. These patterns highlight a period of financial strain and volatility that may warrant further investigation into the underlying causes and impact on the company’s financial health.