Name: LyondellBasell Industries N.V. (NYSE:LYB) | Balance Sheet: Assets
Creator: Stock Analysis on Net

Balance Sheet: Assets

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.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Assets: Selected Items

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Current Assets: Selected Items

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LyondellBasell Industries N.V., consolidated balance sheet: assets

US$ in millions

	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014
Cash and cash equivalents	332)	1,523)	875)	924)	1,031)
Restricted cash	69)	5)	3)	7)	2)
Short-term investments	892)	1,307)	1,147)	1,064)	1,593)
Trade, net	3,355)	3,359)	2,716)	2,363)	3,226)
Related parties	148)	180)	126)	154)	222)
Accounts receivable	3,503)	3,539)	2,842)	2,517)	3,448)
Inventories	4,515)	4,217)	3,809)	4,051)	4,517)
Loans receivable	544)	570)	369)	289)	350)
Renewable identification numbers	65)	117)	123)	301)	198)
Advances to suppliers	57)	35)	37)	54)	66)
Income tax receivable	169)	29)	82)	315)	126)
VAT receivables	218)	184)	95)	113)	76)
Deferred tax assets	—)	—)	—)	—)	67)
Prepaid insurance	25)	25)	28)	33)	42)
Financial derivatives	80)	66)	61)	20)	—)
Other	97)	121)	128)	101)	129)
Prepaid expenses and other current assets	1,255)	1,147)	923)	1,226)	1,054)
Current assets	10,566)	11,738)	9,599)	9,789)	11,645)
Property, plant and equipment, net	12,477)	10,997)	10,137)	8,991)	8,758)
Investment in PO joint ventures	469)	420)	415)	397)	384)
Equity investments	1,611)	1,635)	1,575)	1,608)	1,636)
Other investments and long-term receivables	23)	17)	20)	122)	44)
Investments and long-term receivables	2,103)	2,072)	2,010)	2,127)	2,064)
Goodwill	1,814)	570)	528)	536)	566)
Intangible assets, net	965)	568)	550)	640)	769)
Deferred tax assets	31)	90)	192)	205)	271)
Debt issuance costs	12)	15)	19)	23)	89)
Company-owned life insurance	62)	56)	55)	54)	53)
Derivative contracts	118)	26)	296)	326)	40)
Pension assets	39)	33)	13)	12)	11)
Other	91)	41)	43)	54)	17)
Other assets	353)	261)	618)	674)	481)
Noncurrent assets	17,712)	14,468)	13,843)	12,968)	12,638)
Total assets	28,278)	26,206)	23,442)	22,757)	24,283)

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).

Total assets exhibited an overall growth trend between 2014 and 2018, rising from 24,283 million US$ to 28,278 million US$. This growth was primarily driven by a significant expansion in noncurrent assets, particularly in the final two years of the period, while current assets remained relatively stagnant or experienced slight declines.

Liquidity and Current Asset Trends: A notable contraction in highly liquid assets is observed. Cash and cash equivalents decreased from 1,031 million US$ in 2014 to 332 million US$ in 2018, while short-term investments fell from 1,593 million US$ to 892 million US$ over the same period. Total current assets shifted from 11,645 million US$ in 2014 to 10,566 million US$ in 2018, reflecting a reduction in the liquidity buffer.; Working capital components showed stability with some volatility. Inventories remained consistently high, starting at 4,517 million US$ in 2014 and ending at 4,515 million US$ in 2018. Accounts receivable experienced a dip in 2015 (2,517 million US$) before recovering to 3,503 million US$ by 2018, indicating a return to baseline credit levels.
Capital Investment and Fixed Assets: There is a consistent upward trajectory in Property, Plant, and Equipment (PPE), net, which grew steadily every year from 8,758 million US$ in 2014 to 12,477 million US$ in 2018. This suggests a sustained period of capital expenditure and investment in productive capacity.
Intangible Assets and Acquisition Indicators: A significant shift occurred in 2018 regarding intangible assets and goodwill. Goodwill increased sharply from 570 million US$ in 2017 to 1,814 million US$ in 2018. Similarly, intangible assets, net, rose from 568 million US$ in 2017 to 965 million US$ in 2018. These simultaneous spikes strongly indicate a major acquisition or business combination during the 2018 fiscal year.
Asset Composition Shift: The balance sheet structure transitioned from a more balanced distribution between current and noncurrent assets toward a noncurrent-heavy profile. In 2014, noncurrent assets represented approximately 52% of total assets; by 2018, this proportion increased to approximately 63%. This shift highlights a transition toward long-term asset intensity and a reduced reliance on short-term liquid holdings.

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