Stock Analysis on Net
Stock Analysis on Net

Emerson Electric Co. (NYSE:EMR)

$22.49

This company has been moved to the archive! The financial data has not been updated since April 24, 2020.

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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Emerson Electric Co., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

Microsoft Excel
Sep 30, 2019 Sep 30, 2018 Sep 30, 2017 Sep 30, 2016 Sep 30, 2015 Sep 30, 2014
Short-term borrowings and current maturities of long-term debt
Accounts payable
Employee compensation
Customer advances (contract liabilities)
Product warranty
Other
Accrued expenses
Current liabilities
Long-term debt, excluding current maturities
Pension and postretirement liabilities
Deferred income taxes
Asbestos litigation
Other
Other liabilities
Noncurrent liabilities
Total liabilities
Common stock, $0.50 par value
Additional paid-in capital
Retained earnings
Accumulated other comprehensive loss
Cost of common stock in treasury
Common stockholders’ equity
Noncontrolling interests in subsidiaries
Total equity
Total liabilities and equity

Based on: 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30).

The financial data shows fluctuations in various liabilities and equity components over the six-year period ending September 30, 2019. Overall, total liabilities experienced a decline from 2014 to 2017, followed by a gradual increase through 2019, while total equity mirrored this trend with declines and subsequent partial recoveries.

Current Liabilities
Current liabilities decreased notably from $8.45 billion in 2014 to $5.05 billion in 2017. Afterwards, there was an increase to $6.16 billion in 2018 followed by a slight decrease to $5.98 billion in 2019. The largest component, accounts payable, diminished steadily from $2.95 billion in 2014 to $1.52 billion in 2016 but rose slightly thereafter. Short-term borrowings and current maturities of long-term debt dropped significantly from $2.58 billion in 2016 to $862 million in 2017, suggesting improved short-term debt management in that year, before rebounding in 2018 and 2019. Employee compensation showed a downward trend until 2016 with a recovery afterward, indicating possible workforce or compensation adjustments.
Noncurrent Liabilities
Noncurrent liabilities steadily declined from $5.56 billion in 2014 to $5.24 billion in 2018 but rose again to $6.25 billion in 2019. This movement was influenced largely by the pattern in long-term debt, which increased from $3.56 billion in 2014 to a peak of $4.29 billion in 2015, then decreased until 2018, and then increased again sharply in 2019, reaching $4.28 billion. Pension and postretirement liabilities showed some volatility, peaking at $1.04 billion in 2016, dipping to $625 million in 2018, and rising again to $775 million in 2019. Deferred income taxes have decreased overall but with a temporary rise in 2017 and 2018. Asbestos litigation liabilities were introduced in 2016 and increased significantly by 2017, then slightly decreased by 2019, indicating ongoing liabilities from legal matters.
Total Liabilities
Total liabilities decreased from $14.01 billion in 2014 to $10.82 billion in 2017, reflecting overall reductions in both current and noncurrent obligations. This was followed by increases to $11.4 billion in 2018 and $12.22 billion in 2019, indicating increased leverage or obligations in recent years.
Equity
Common stock remained steady at $477 million throughout the period, reflecting no changes in par value or shares issued. Additional paid-in capital increased steadily from $161 million in 2014 to $393 million in 2019, suggesting incremental equity financing or stock-based compensation. Retained earnings showed consistent growth, rising from $19.87 billion in 2014 to $24.2 billion in 2019, indicating accumulated profitability retained by the company. The accumulated other comprehensive loss expanded notably between 2014 and 2016, peaking at nearly $2 billion in loss, saw slight recovery but increased again to $1.7 billion in loss by 2019, which may reflect fluctuations in foreign currency translation, pension valuations, or other comprehensive income components. The cost of common stock in treasury increased steadily in absolute terms (more negative), reaching $15.1 billion by 2019, reflecting significant share repurchases or treasury stock holdings. Total common stockholders' equity declined from $10.1 billion in 2014 to $7.57 billion in 2016, recovered to $8.95 billion in 2018, then decreased again to $8.23 billion in 2019. This pattern indicates periods of equity reduction potentially due to treasury stock transactions and comprehensive losses, partially offset by earnings retention and capital contributions.
Total Liabilities and Equity
The total financing base (liabilities plus equity) contracted steadily from $24.18 billion in 2014 to $19.59 billion in 2017, before increasing somewhat in 2018 and 2019 to around $20.4 billion, suggesting an overall contraction and stabilization of the capital structure followed by modest growth.