Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
LyondellBasell Industries N.V., common-size consolidated balance sheet: liabilities and stockholders’ equity
Based on: 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), 10-K (reporting date: 2014-12-31).
- Current maturities of long-term debt
- Remained low and stable, fluctuating narrowly between 0.01% and 0.02% of total liabilities and equity over the five-year period.
- Short-term debt
- Exhibited notable volatility; initially increased from 1.42% in 2014 to 2.53% in 2016, sharply declined in 2017 to 0.26%, then surged to the highest level of 3.13% in 2018.
- Trade liabilities
- Generally stable around 8-9%, with a dip to 7.15% in 2015 and a rebound to 9.05% by 2018, indicating consistent trade-related obligations relative to total liabilities and equity.
- Related parties
- Showed a declining trend from 3.4% in 2014 to 1.86% in 2018, reflecting a reduction in transactions or balances with related parties.
- Accounts payable
- Decreased from 12.62% in 2014 to 9.59% in 2015, then increased and stabilized around 11% from 2016 to 2018, suggesting moderately stable vendor payables after initial improvement.
- Payroll and benefits
- Remained relatively stable, fluctuating narrowly between 1.42% and 1.89%, with a slight increase towards the end of the period.
- Renewable identification numbers (RINs)
- Consistently declined from 0.92% in 2014 to 0.25% in 2018, indicating reduced liabilities or obligations related to environmental credits.
- Product sales rebates
- Saw a gradual decrease from 0.77% to 0.58%, suggesting moderate decrease in rebate-related liabilities.
- Taxes other than income taxes
- Displayed minor fluctuations around 0.66% to 0.95%, with a slight downward trend towards 2018.
- Income taxes
- Increased significantly from 0.63% in 2014 to a peak of 1.47% in 2017, then sharply dropped to 0.06% in 2018, indicating variability in income tax-related liabilities or accruals.
- Interest
- Remained fairly stable, ranging from 0.46% to 0.61% without significant changes.
- Share repurchases
- Declined steadily from 0.35% in 2014 to near zero by 2016 with no reported values in 2017 and 2018, indicating cessation of share repurchase activity.
- Deferred revenues
- Fluctuated moderately, falling to a low of 0.09% in 2016 before rising again to 0.45% in 2018, reflecting some variation in advance payments or unearned revenue recognition.
- Other current liabilities
- Nearly doubled from 0.45% in 2014 to 1.06% in 2017, then slightly decreased to 1% in 2018, showing a rising trend in miscellaneous current liabilities.
- Accrued liabilities
- Varied within the range of 5.43% to 7.95%, peaking in 2015 and then trending downward toward 2018, indicating some reduction in accrued expenses.
- Deferred income taxes (current)
- Reported only in 2014 at 1.93%, with no data for subsequent years, suggesting reclassification or elimination from current liabilities.
- Current liabilities (total)
- Gradually decreased from 22.39% in 2014 to a low of 18.23% in 2017, before increasing back to 19.5% in 2018, showing a slight decline and partial recovery in short-term obligations.
- Long-term debt, excluding current maturities
- Rose sharply from 27.83% in 2014 to 35.77% in 2016, then consistently declined to 30.05% in 2018, indicating debt management efforts or repayment during the latter part of the period.
- Other liabilities (non-current)
- Remained fairly steady around 8.7% to 9.0% until 2017, then decreased significantly to 6.71% in 2018, showing reduced miscellaneous long-term obligations.
- Deferred income taxes (non-current)
- Increased from 6.68% in 2014 to 9.94% in 2016, but then decreased markedly to 6.98% by 2018, reflecting changes in tax timing differences affecting non-current liabilities.
- Noncurrent liabilities (total)
- Displayed a peak at 54.73% in 2016, followed by a decline to 43.74% in 2018, indicating overall reduction in long-term liabilities after 2016.
- Total liabilities
- Grew from 65.64% in 2014 to 74.09% in 2016, then declined to 63.24% by 2018, demonstrating fluctuations in the overall debt and liabilities burden relative to total financing.
- Redeemable non-controlling interests
- Only appeared in 2018 at 0.41%, signaling introduction of minor redeemable non-controlling interests in the capital structure that year.
- Ordinary shares
- Remain stable at very low levels (around 0.08% to 0.14%), showing minimal changes in par value capital representation.
- Additional paid-in capital
- Experienced a decline from 42.77% in 2014 to 24.9% in 2018, implying possible capital return activities, impairments, or accounting adjustments reducing this equity component.
- Retained earnings
- Significantly increased from 27.9% in 2014 to a peak of 60.09% in 2017, then sharply decreased to 23.92% in 2018, suggesting substantial profit retention until 2017 followed by major distribution or loss recognition in 2018.
- Accumulated other comprehensive loss
- Remained consistently negative, between -4.23% and -6.45%, reflecting ongoing comprehensive losses or unfavorable adjustments throughout the period.
- Treasury stock
- Increased dramatically in magnitude (more negative) from -32.34% in 2014 to -63.75% in 2016, indicating significant share buybacks, but then reduced sharply to -7.8% in 2018, possibly due to reissuance or accounting reclassifications.
- Total Company share of stockholders’ equity
- Declined from 34.24% in 2014 to 25.8% in 2016, then rose again to 36.27% in 2018, reflecting fluctuations in net equity possibly driven by changes in retained earnings and treasury stock.
- Non-controlling interests
- Maintained a minimal presence between 0.08% and 0.12% throughout, showing little change in minority ownership stakes.
- Total equity
- Followed a similar pattern to total Company equity, dropping from 34.36% in 2014 to 25.91% in 2016, then recovering to 36.35% in 2018, indicating partial strengthening of the equity base after a mid-period dip.