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LyondellBasell Industries N.V. (NYSE:LYB)

This company has been moved to the archive! The financial data has not been updated since August 2, 2019.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

LyondellBasell Industries N.V., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
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
Current maturities of long-term debt 0.01 0.02 0.02 3.43 3.60 0.02 0.01 0.01 0.01 0.01 0.01 0.01 0.02 0.02 0.02 0.01 0.01 0.02 0.02 0.01 0.01 0.01
Short-term debt 9.02 7.95 3.13 0.75 0.28 0.29 0.26 1.51 2.33 2.57 2.53 2.65 2.63 2.52 1.55 2.39 2.37 2.14 1.42 0.22 0.21 0.21
Trade 8.29 8.73 9.05 10.20 9.21 8.85 8.62 8.47 7.43 8.76 8.65 8.04 8.09 7.10 7.15 7.51 8.25 8.27 9.22 10.19 10.41 10.12
Related parties 1.70 1.93 1.86 2.18 2.24 2.35 2.43 2.37 2.18 2.29 2.14 1.90 1.97 2.42 2.44 2.73 2.94 2.69 3.40 3.20 3.43 2.97
Accounts payable 9.99% 10.66% 10.92% 12.39% 11.45% 11.19% 11.05% 10.83% 9.61% 11.05% 10.79% 9.94% 10.06% 9.52% 9.59% 10.24% 11.20% 10.96% 12.62% 13.39% 13.84% 13.09%
Accrued liabilities 5.16 4.83 5.43 5.19 4.83 5.60 6.91 5.91 5.19 4.79 6.04 5.79 5.86 6.79 7.95 7.45 5.91 6.17 6.40 5.70 4.91 5.31
Deferred income taxes 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.60 1.76 1.79 1.93 2.67 2.14 1.94
Current liabilities 24.18% 23.46% 19.50% 21.75% 20.17% 17.10% 18.23% 18.27% 17.13% 18.42% 19.37% 18.40% 18.57% 18.84% 19.11% 21.70% 21.25% 21.08% 22.39% 21.98% 21.11% 20.56%
Long-term debt, excluding current maturities 24.34 25.17 30.05 26.03 27.72 31.72 32.62 33.80 35.23 35.42 35.77 36.14 36.21 36.08 33.71 32.35 31.41 32.28 27.83 26.35 25.38 24.31
Operating lease liabilities 4.18 4.29 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other liabilities 6.02 6.12 6.71 7.03 6.68 8.74 8.68 9.21 9.34 8.96 9.01 9.18 9.14 9.01 8.95 8.54 8.38 8.49 8.74 7.00 6.94 6.61
Deferred income taxes 6.44 6.58 6.98 6.18 6.19 6.28 6.32 9.69 9.83 9.90 9.94 10.19 9.17 9.05 9.35 6.70 6.64 6.89 6.68 6.14 6.09 6.03
Noncurrent liabilities 40.98% 42.16% 43.74% 39.25% 40.59% 46.73% 47.62% 52.70% 54.40% 54.28% 54.73% 55.52% 54.52% 54.14% 52.00% 47.59% 46.44% 47.65% 43.25% 39.49% 38.42% 36.95%
Total liabilities 65.16% 65.62% 63.24% 61.00% 60.76% 63.83% 65.85% 70.97% 71.52% 72.71% 74.09% 73.92% 73.09% 72.98% 71.11% 69.28% 67.69% 68.73% 65.64% 61.47% 59.53% 57.50%
Redeemable non-controlling interests 0.37 0.39 0.41 0.43 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Ordinary shares, €0.04 par value 0.07 0.07 0.08 0.08 0.11 0.12 0.12 0.12 0.13 0.13 0.13 0.13 0.13 0.13 0.14 0.13 0.13 0.13 0.13 0.12 0.12 0.11
Additional paid-in capital 22.48 23.41 24.90 24.51 37.71 37.87 38.95 40.41 42.28 42.89 43.47 43.53 43.49 43.24 44.83 42.63 41.59 42.74 42.77 40.52 38.94 37.32
Retained earnings 25.08 24.11 23.92 22.49 66.38 62.01 60.09 56.28 56.00 53.58 52.39 50.66 48.06 44.69 43.24 39.24 34.83 31.69 27.90 24.70 20.37 16.61
Accumulated other comprehensive income (loss) -4.69 -4.74 -4.82 -4.56 -5.03 -4.84 -4.90 -5.38 -5.70 -6.05 -6.45 -6.37 -6.28 -5.93 -6.32 -5.77 -5.31 -6.52 -4.23 -1.99 0.16 0.35
Treasury stock, at cost -8.54 -8.93 -7.80 -4.02 -59.95 -58.99 -60.10 -62.41 -64.24 -63.37 -63.75 -61.99 -58.60 -55.22 -53.11 -45.62 -39.01 -36.89 -32.34 -24.94 -19.25 -12.02
Total Company share of stockholders’ equity 34.39% 33.92% 36.27% 38.49% 39.23% 36.17% 34.15% 29.02% 28.47% 27.19% 25.80% 25.97% 26.81% 26.91% 28.78% 30.62% 32.22% 31.15% 34.24% 38.40% 40.34% 42.37%
Non-controlling interests 0.07 0.07 0.08 0.09 0.00 0.00 0.00 0.00 0.01 0.11 0.11 0.11 0.10 0.10 0.11 0.10 0.09 0.12 0.12 0.12 0.13 0.13
Total equity 34.46% 33.99% 36.35% 38.57% 39.24% 36.17% 34.15% 29.03% 28.48% 27.29% 25.91% 26.08% 26.91% 27.02% 28.89% 30.72% 32.31% 31.27% 34.36% 38.53% 40.47% 42.50%
Total liabilities, redeemable non-controlling interests and equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31).

The capital structure of the entity underwent significant fluctuations between March 2014 and June 2019, characterized by an initial increase in leverage followed by a period of deleveraging and a major restructuring of equity accounts in late 2018.

Liability Trends and Debt Profile
Total liabilities as a percentage of the total capital base increased steadily from 57.50% in March 2014 to a peak of 74.09% in December 2016. This growth was primarily driven by noncurrent liabilities, which rose from 36.95% to a high of 55.52% in September 2016. Long-term debt, excluding current maturities, was the primary driver of this trend, peaking at 36.21% in June 2016 before trending downward to 24.34% by June 2019. Following the 2016 peak, total liabilities decreased to 65.16% by the end of the period.
Current Liability Composition
Current liabilities remained relatively stable, generally oscillating between 17% and 24% of the total balance sheet. Accounts payable constituted a significant portion of these obligations, ranging from approximately 7.15% to 13.84%. Notably, short-term debt remained negligible for several years but experienced a sharp increase starting in late 2018, rising from 0.29% in December 2017 to 9.02% by June 2019, indicating a shift in short-term financing strategy.
Equity Dynamics and Capital Returns
Total equity exhibited an inverse relationship with total liabilities, declining from 42.50% in March 2014 to a low of 25.91% in December 2016 before recovering to 34.46% in June 2019. A substantial trend is observed in retained earnings, which grew consistently from 16.61% in March 2014 to a peak of 66.38% in June 2018. This growth was mirrored by a massive increase in treasury stock (as a negative equity component), which reached -64.24% in June 2017, suggesting an aggressive share repurchase program.
Equity Restructuring Event
A significant shift in the balance sheet composition occurred between June 2018 and September 2018. During this window, retained earnings dropped from 66.38% to 22.49%, and treasury stock shifted from -59.95% to -4.02%. This abrupt change, coupled with a decline in additional paid-in capital from 37.71% to 24.51%, indicates a major accounting reclassification or a corporate action that fundamentally altered the presentation of stockholders' equity.
Other Balance Sheet Items
Deferred income taxes within noncurrent liabilities peaked at 10.19% in September 2016 before stabilizing around 6.44% by June 2019. Operating lease liabilities first appeared in the data in March 2019 at 4.29%, reflecting changes in accounting standards regarding lease recognition.

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