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
Quarterly Data

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 (quarterly data)

US$ in millions

Microsoft Excel
Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013
Short-term borrowings and current maturities of long-term debt
Accounts payable
Accrued expenses
Current liabilities
Long-term debt, excluding current maturities
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-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-K (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-K (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-K (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-K (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-K (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-Q (reporting date: 2014-12-31), 10-K (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-Q (reporting date: 2013-12-31).


The analysis of quarterly financial data reveals several notable trends and fluctuations in both liabilities and equity from the end of 2013 through the first quarter of 2020.

Short-term borrowings and current maturities of long-term debt

This liability showed considerable variability, starting at 1,958 million at the end of 2013, peaking at 3,741 million in March 2020. Periods of sharp decreases were observed, such as a drop from 3,220 million in June 2016 to 254 million in December 2016, followed by a rebound thereafter. This indicates cycles of refinancing or repayment and new borrowing, possibly reflecting changes in short-term liquidity management.

Accounts payable

Accounts payable fluctuated moderately, ranging roughly between 1,300 million and 2,400 million. There is a noticeable decline from early 2016 levels around 2,200 million to lows near 1,335 million by December 2016, before rebounding again in subsequent years. This pattern may suggest variations in payment terms negotiations or shifts in procurement activity.

Accrued expenses

Accrued expenses generally trended upward but with notable spikes, such as a significant increase to 3,907 million in September 2016 from a range around 2,700 million. This could reflect timing differences in expense recognition or one-time charges impacting accrued liabilities temporarily.

Current liabilities

Current liabilities followed a broadly fluctuating course, peaking near 8,877 million at year-end 2014, dipping strongly in late 2016 to below 4,200 million, then partially recovering toward 7,940 million in March 2020. This decrease in 2016 coincides with lower short-term debt and accounts payable, indicating a reduction of near-term obligations during that period.

Long-term debt, excluding current maturities

Long-term debt exhibited small declines overall, starting near 3,834 million at the end of 2013 and falling towards 3,960 million by early 2020, but with some intermediate volatility including an increase above 4,300 million in 2019. This suggests debt refinancing or issuance activity affecting the debt profile.

Other and noncurrent liabilities

Other liabilities were relatively stable with slight decreases from 2,299 million in late 2013 to approximately 2,200 million in early 2020. Noncurrent liabilities decreased overall from 6,133 million at the end of 2013 to around 6,208 million by early 2020, interrupted by periods of increase in 2015 and 2019. This indicates a generally modest decline in long-term obligations outside of debt.

Total liabilities

Total liabilities fluctuated with a general trend of increase from about 13,241 million in December 2013 to 14,148 million in March 2020, with an interim decline to below 10,000 million in late 2016. This dip corresponds to the reductions in current liabilities and short-term borrowings seen during that period, followed by a recovery and gradual growth through 2019 and early 2020.

Equity components (Common stock, Additional paid-in capital, Retained earnings, Accumulated other comprehensive loss, Treasury stock)

Common stock remained constant at 477 million throughout the period, indicating no new share issuances or buybacks affecting par value. Additional paid-in capital showed an upward trend, increasing from 200 million in early 2014 to 453 million by March 2020, reflecting possible infusions or stock-related earnings transactions.

Retained earnings steadily increased from approximately 19,088 million in 2013 to 24,431 million in early 2020, demonstrating consistent profitability and earnings retention across the interval.

Accumulated other comprehensive loss remained negative throughout, fluctuating between roughly -1900 million and -50 million, with large swings indicating volatility in unrealized losses on items such as foreign currency translation, hedging, or pension adjustments.

Cost of common stock in treasury showed a clear increasing negative balance, growing from about -9,206 million to -15,941 million, indicating ongoing share repurchases or treasury stock accumulation over time.

Total equity

Total equity levels fluctuated, declining from 10,883 million at the end of 2013 to a low near 7,497 million by December 2015, before partially recovering to around 8,572 million in mid-2019 and declining again to 7,563 million by March 2020. The decline and partial recovery correlate with fluctuations in retained earnings growth, treasury stock purchases, and comprehensive loss volatility.

Total liabilities and equity

The sum of liabilities and equity mirrors the combined variations, declining from 24,124 million at the end of 2013 to a low of approximately 17,277 million in early 2017, then gradually rising again to near 21,711 million by March 2020. This overall movement reflects the company's balance sheet contraction and subsequent expansion during the years analyzed.

In summary, the financial data points to significant volatility in short-term liabilities, particularly short-term borrowings, and corresponding impacts on total liabilities. Equity components show steady earnings retention but are offset by treasury stock repurchases and variable comprehensive losses, resulting in fluctuating total equity levels. The balance sheet contracted sharply during 2016 before recovering in later years, indicating strategic financial management maneuvers in response to economic or operational factors over the period examined.