Name: Ecolab Inc. (NYSE:ECL) | Balance Sheet: Assets
Creator: Stock Analysis on Net

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.

Assets: Selected Items

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Current Assets: Selected Items

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Ecolab Inc., consolidated balance sheet: assets

US$ in thousands

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Cash and cash equivalents	359,900)	1,260,200)	186,400)	114,700)	211,400)
Accounts receivable, net	2,478,400)	2,273,800)	2,796,500)	2,662,500)	2,574,100)
Inventories	1,491,800)	1,285,200)	1,505,600)	1,546,400)	1,445,900)
Prepaid assets	121,200)	99,100)	118,800)	132,100)	153,500)
Taxes receivable	151,300)	168,600)	133,700)	144,200)	129,200)
Derivative assets	61,400)	3,200)	54,300)	42,800)	28,800)
Other	23,100)	27,300)	33,100)	35,000)	53,500)
Other current assets	357,000)	298,200)	339,900)	354,100)	365,000)
Current assets	4,687,100)	5,117,400)	4,828,400)	4,677,700)	4,596,400)
Property, plant and equipment, net	3,288,500)	3,124,900)	3,954,900)	3,836,000)	3,707,100)
Goodwill	8,063,900)	6,006,900)	7,251,700)	7,078,000)	7,167,100)
Other intangible assets, net	4,224,100)	2,977,000)	3,672,500)	3,797,700)	4,017,600)
Operating lease assets	396,800)	423,800)	577,500)	—)	—)
Deferred income taxes	120,600)	163,200)	155,600)	105,100)	102,200)
Pension	114,600)	33,000)	31,100)	39,000)	41,700)
Derivative asset	29,400)	—)	25,400)	11,800)	—)
Restricted cash	—)	—)	—)	179,300)	—)
Other	281,400)	279,800)	372,000)	349,900)	330,300)
Other assets	546,000)	476,000)	584,100)	685,100)	474,200)
Noncurrent assets	16,519,300)	13,008,600)	16,040,700)	15,396,800)	15,366,000)
Total assets	21,206,400)	18,126,000)	20,869,100)	20,074,500)	19,962,400)

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

The total asset base exhibited relative stability between 2017 and 2019, followed by a significant contraction in 2020 and a subsequent expansion to a five-year peak in 2021. Total assets moved from 19.96 billion USD in 2017 to 21.21 billion USD by the end of 2021, with a notable dip to 18.13 billion USD in 2020.

Current Asset Dynamics: Current assets remained moderately stable, fluctuating between 4.60 billion USD and 5.12 billion USD. A significant anomaly occurred in cash and cash equivalents, which surged from 186.4 million USD in 2019 to 1.26 billion USD in 2020, before receding to 359.9 million USD in 2021. This suggests a strategic accumulation of liquidity during 2020. Accounts receivable and inventories showed resilience, with only minor contractions in 2020, followed by a return to growth in 2021.
Noncurrent Asset Composition and Impairments: Noncurrent assets constitute the majority of the balance sheet and experienced the most volatility. Property, plant, and equipment (net) declined from a peak of 3.95 billion USD in 2019 to 3.12 billion USD in 2020, recovering partially to 3.29 billion USD in 2021. Similarly, goodwill and other intangible assets saw a marked decrease in 2020, with goodwill falling to 6.01 billion USD and intangibles to 2.98 billion USD, indicating potential asset impairments or divestitures during that period.
Acquisition and Expansion Indicators: A substantial increase in intangible assets is evident in 2021. Goodwill rose sharply to 8.06 billion USD, and other intangible assets increased to 4.22 billion USD. This simultaneous spike in both categories strongly suggests the execution of a significant acquisition during the 2021 fiscal year, contributing to the overall increase in total assets to 21.21 billion USD.
Other Asset Trends: Operating lease assets appeared on the balance sheet starting in 2019 at 577.5 million USD, gradually declining to 396.8 million USD by 2021. Pension assets remained relatively low and stable until 2021, where a significant increase to 114.6 million USD was observed. Derivative assets showed high volatility, reaching a peak of 61.4 million USD in current assets and 29.4 million USD in noncurrent assets by 2021.

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