Balance Sheet: Assets

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.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

DuPont de Nemours Inc., consolidated balance sheet: assets

US$ in millions

	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015
Cash and cash equivalents	1,540)	13,482)	13,438)	6,607)	8,577)
Marketable securities	—)	134)	956)	—)	—)
Accounts and notes receivable, trade	3,007)	12,376)	11,314)	4,666)	4,078)
Accounts and notes receivable, other	795)	4,963)	5,579)	4,358)	3,768)
Accounts and notes receivable	3,802)	17,339)	16,893)	9,024)	7,846)
Inventories	4,319)	16,621)	16,992)	7,363)	6,871)
Deferred income tax assets, current	—)	—)	—)	—)	827)
Other current assets	338)	2,027)	1,614)	665)	354)
Current assets	9,999)	49,603)	49,893)	23,659)	24,475)
Investment in nonconsolidated affiliates	1,204)	5,204)	5,336)	3,747)	3,958)
Other investments	24)	2,701)	2,564)	2,969)	2,923)
Noncurrent receivables	32)	477)	680)	708)	816)
Investments	1,260)	8,382)	8,580)	7,424)	7,697)
Property, plant and equipment, net	10,143)	35,848)	36,247)	23,486)	17,854)
Goodwill	33,151)	59,032)	59,527)	15,272)	12,154)
Other intangible assets	13,593)	30,965)	33,274)	6,026)	3,617)
Deferred income tax assets	236)	1,724)	1,869)	3,079)	1,694)
Deferred charges and other assets	1,014)	2,476)	2,774)	565)	535)
Other assets	47,994)	94,197)	97,444)	24,942)	18,000)
Noncurrent assets	59,397)	138,427)	142,271)	55,852)	43,551)
Total assets	69,396)	188,030)	192,164)	79,511)	68,026)

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

The financial data reveals significant fluctuations in the company's asset structure over the five-year period ending in 2019. Several key trends can be observed regarding liquidity, receivables, inventories, investments, and intangible assets.

Cash and Cash Equivalents: The cash reserves decreased from $8.6 billion in 2015 to approximately $6.6 billion in 2016, followed by a sharp increase peaking at about $13.4 billion in 2017 and 2018. However, there was a steep decline to $1.5 billion in 2019, indicating a substantial reduction in readily available cash at year-end 2019.
Marketable Securities: Marketable securities appeared modestly in 2017 and 2018, with values of $956 million and $134 million, respectively. Data is missing for other years, suggesting limited or inconsistent investment in marketable securities.
Accounts and Notes Receivable: The combined trade and other receivables showed a pronounced increase from $7.8 billion in 2015 to a peak of $16.9 billion in 2017 and further to $17.3 billion in 2018, before dropping sharply to $3.8 billion in 2019. This pattern reflects an expansion in credit extended to customers or delayed collections in the mid-period, followed by a substantial contraction in 2019.
Inventories: Inventories followed a similar pattern, rising steadily from $6.9 billion in 2015 to nearly $17 billion in 2017 and remaining stable in 2018, then declining swiftly to $4.3 billion in 2019. This suggests increased stock levels during 2017 and 2018, potentially to meet higher demand, followed by significant inventory reduction in 2019.
Other Current Assets: Other current assets increased from $354 million in 2015 to $2 billion in 2018, but then reduced considerably to $338 million in 2019, consistent with the overall contraction in current asset balances in 2019.
Total Current Assets: Current assets peaked at approximately $49.9 billion in 2017 and 2018, nearly doubling from $24.5 billion in 2015, before declining drastically to $10 billion in 2019. The sharp decline in current assets in the final year primarily aligns with decreases in cash, receivables, inventories, and other current assets.
Investments: Investments, including nonconsolidated affiliates and other investments, remained relatively stable or slightly fluctuated from 2015 through 2018, with a combined value around $7.7 to $8.6 billion during those years. In 2019, investments collapsed to about $1.3 billion, indicating divestitures or write-downs.
Property, Plant, and Equipment (Net): Net PPE experienced consistent growth from $17.9 billion in 2015 to a peak of approximately $36 billion in 2017 and 2018, followed by a sharp reduction to $10.1 billion in 2019. This suggests asset sales, impairments, or reclassifications occurred in 2019.
Goodwill and Other Intangible Assets: Goodwill and intangibles grew markedly from 2015 through 2017, with goodwill rising from $12.2 billion to nearly $59.5 billion and intangible assets increasing from $3.6 billion to over $33 billion. Both decreased significantly in 2019 to $33.2 billion and $13.6 billion, respectively, indicating impairment charges or disposals.
Deferred Income Tax Assets and Other Noncurrent Assets: Deferred income tax assets experienced variability, increasing in early years and then falling dramatically by 2019. Other noncurrent assets surged from $18 billion in 2015 to almost $97.4 billion in 2017, then declined to $48 billion by 2019, mirroring the trends in intangible assets. This highlights large revaluation or acquisition-related accounting effects during the middle years and reversals later.
Total Noncurrent Assets: Noncurrent assets escalated from $43.6 billion in 2015 to a peak of $142.3 billion in 2017 and slightly decreased to $138.4 billion in 2018 before falling substantially to $59.4 billion in 2019. The substantial increase mid-period likely reflects major acquisitions or revaluations, while the later drop suggests divestments or impairments.
Total Assets: Total assets nearly tripled from $68 billion in 2015 to over $192 billion in 2017 before stabilizing slightly in 2018 and then dropping sharply to $69.4 billion in 2019. This pattern corresponds with the noted increases and decreases in both current and noncurrent assets, indicating significant structural changes within the asset base during this five-year timeframe.

Assets: Selected Items

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Current Assets: Selected Items

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DuPont de Nemours Inc. (NYSE:DD)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items