Stock Analysis on Net
Stock Analysis on Net

Ecolab Inc. (NYSE:ECL)

$22.49

This company has been moved to the archive! The financial data has not been updated since February 25, 2022.

Balance Sheet: Liabilities and Stockholders’ Equity

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.

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Ecolab Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in thousands

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Short-term debt
Accounts payable
Compensation and benefits
Income taxes
Discounts and rebates
Dividends payable
Interest payable
Taxes payable, other than income
Derivative liabilities
Restructuring
Contract liability
Current operating lease liabilities
Other
Other current liabilities
Current liabilities
Long-term debt, excluding current maturities
Postretirement health care and pension benefits
Deferred income taxes
Noncurrent operating lease liabilities
Other liabilities
Noncurrent liabilities
Total liabilities
Common stock
Additional paid-in capital
Retained earnings
Accumulated other comprehensive loss
Treasury stock
Total Ecolab shareholders’ equity
Noncontrolling interest
Total equity
Total liabilities and equity

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 financial data over the five-year period reveals multiple patterns and shifts in the company’s liabilities, equity, and key expense categories.

Short-term Debt
Short-term debt decreased significantly from 2017 to 2020, falling from 564.4 million to 17.3 million USD, but then surged again to 411 million USD in 2021, indicating a fluctuating reliance on short-term financing.
Accounts Payable
Accounts payable showed a generally increasing trend, rising steadily from 1.177 billion in 2017 to 1.384 billion USD in 2021, suggesting growing operational purchasing obligations.
Compensation and Benefits
Compensation and benefits expenses increased modestly from 549.4 million in 2017 to a peak of 599.5 million in 2019, then declined sharply in 2020, likely reflecting cost-cutting measures during that period, before partially recovering to 509.5 million USD in 2021.
Income Taxes
Income tax payments were volatile but remained within a range of approximately 96 million to 183.6 million USD, with a low in 2020 and a slight increase in 2021, reflecting variability in taxable income across years.
Discounts and Rebates
Discounts and rebates fluctuated throughout the period, with a low in 2018 and a peak in 2021 at 341.1 million USD, indicating changing pricing strategies or customer incentive programs.
Dividends and Interest Payable
Dividends payable steadily increased from 118.6 million to 146.3 million USD, consistent with shareholder return policies. Interest payable figures fluctuated but remained relatively stable in the range of 40.9 million to 51.7 million USD.
Taxes Payable (Other Than Income)
These taxes rose over the period, increasing from 129.9 million in 2017 to 154.2 million USD in 2021, demonstrating higher liabilities outside of income tax.
Derivative Liabilities
Derivative liabilities decreased markedly from 62.2 million in 2017 to near negligible amounts by 2020, disappearing entirely by 2021, indicating reduced exposure to derivative instruments.
Restructuring
Restructuring expenses peaked in 2019 at 107.1 million USD, before declining to 39.1 million USD in 2021, pointing to a high level of restructuring activity around 2018-2019 followed by lower costs later.
Contract Liability and Lease Liabilities
Contract liabilities appeared starting in 2018 and increased consistently through 2021 to 91.7 million USD. Current and noncurrent operating lease liabilities emerged in 2019, with a decline over subsequent years, reflecting changes in lease obligations, possibly linked to accounting standard changes or lease terminations.
Other Current and Noncurrent Liabilities
Other current liabilities grew from 957.3 million in 2017 to a peak of 1.223 billion in 2019, then decreased slightly by 2021. Other noncurrent liabilities exhibited a decreasing trend, falling from 415.3 million in 2017 to 254.1 million USD in 2021.
Total Current Liabilities
Current liabilities remained relatively stable but showed a decline in 2020 to 2.932 billion USD from prior years, before recovering to 3.553 billion USD in 2021, consistent with the trends in short-term debt and other current obligations.
Long-Term Debt
Long-term debt initially decreased from 6.758 billion USD in 2017 to 5.973 billion in 2019, then rose sharply to 8.347 billion USD in 2021, indicating an increased use of long-term borrowing in recent years.
Postretirement Benefits
Postretirement health care and pension benefits declined overall, falling from 1.025 billion in 2017 to 894.2 million USD in 2021, despite some fluctuations, suggesting ongoing efforts to manage these obligations.
Deferred Income Taxes
Deferred income taxes increased through 2018 to 764.6 million USD but declined significantly in 2020 to 483.9 million before increasing again by 2021, reflecting timing differences in tax recognition.
Total Noncurrent Liabilities
Noncurrent liabilities slightly decreased from 8.841 billion in 2017 to 8.335 billion in 2018, hovered around 8.5-9 billion through 2020, then increased to 10.4 billion USD in 2021, driven largely by increased long-term debt.
Total Liabilities
Total liabilities remained between 12-13 billion USD from 2017 through 2020, with a notable increase to 13.95 billion USD in 2021, reinforcing the trend of rising debt and overall obligations.
Equity Components
Common stock and additional paid-in capital grew steadily but moderately from 2017 to 2021, indicating ongoing capital raising or stock issuance. Retained earnings rose from 8.045 billion in 2017 to nearly 10 billion in 2019, but then declined sharply in 2020 to 8.243 billion, followed by a partial rebound in 2021. Accumulated other comprehensive loss improved from a peak negative of -2.09 billion in 2019 to -1.63 billion in 2021.
Treasury Stock
Treasury stock increased in absolute value from -4.575 billion USD in 2017 to almost -6.784 billion USD in 2021, suggesting aggressive share repurchase programs during this period.
Total Shareholders’ Equity
Total equity expanded from 7.618 billion USD in 2017 to a high of 8.685 billion in 2019, but contracted notably to 6.166 billion in 2020 before recovering somewhat to 7.224 billion USD in 2021, reflecting the effects of earnings volatility and stock repurchases.
Noncontrolling Interest
Noncontrolling interest trended downward from 70.2 million in 2017 to 28.9 million USD in 2021, indicating reduced minority ownership stakes.
Total Equity and Liabilities
The sum of liabilities and equity increased gradually from 19.96 billion USD in 2017 to 21.21 billion in 2021, with a dip in 2020 corresponding to lower equity and liabilities, potentially due to pandemic-related impacts.