Stock Analysis on Net
Stock Analysis on Net

LyondellBasell Industries N.V. (NYSE:LYB)

$22.49

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

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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LyondellBasell Industries N.V., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

Microsoft Excel
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Current maturities of long-term debt
Short-term debt
Trade
Related parties
Accounts payable
Payroll and benefits
Renewable identification numbers
Product sales rebates
Taxes other than income taxes
Income taxes
Interest
Share repurchases
Deferred revenues
Other
Accrued liabilities
Deferred income taxes
Current liabilities
Long-term debt, excluding current maturities
Other liabilities
Deferred income taxes
Noncurrent liabilities
Total liabilities
Redeemable non-controlling interests
Ordinary shares, €0.04 par value
Additional paid-in capital
Retained earnings
Accumulated other comprehensive loss
Treasury stock, at cost
Total Company share of stockholders’ equity
Non-controlling interests
Total equity
Total liabilities, redeemable non-controlling interests and 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 Liabilities and Short-term Debt
The current maturities of long-term debt remained relatively stable from 2014 through 2017, fluctuating between 2 and 4 million USD before increasing to 5 million USD in 2018. Short-term debt displayed notable volatility, with an initial moderate level in 2014 and 2015, a significant increase to 594 million USD in 2016, a sharp reduction to 68 million USD in 2017, followed by a rise to 885 million USD in 2018.
Accounts Payable and Related Trade Payables
Trade payables exhibited variability but generally trended upwards from 2015 onward, rising from 1627 million USD to 2560 million USD by 2018. Overall accounts payable followed a similar pattern, decreasing sharply in 2015 but then increasing steadily each subsequent year, reaching 3087 million USD in 2018.
Payroll, Benefits, and Accrued Liabilities
Payroll and benefits obligations showed some fluctuations but increased notably in 2018 reaching 534 million USD, up from a low of 334 million USD in 2016. Accrued liabilities reflected elevated volatility, peaking twice at over 1800 million USD in 2015 and 2017 before decreasing to 1536 million USD in 2018.
Taxes and Interests
Taxes other than income taxes remained relatively stable over the period, with slight fluctuations but essentially flat in 2018 compared to 2014. Income taxes showed more volatility with a sizable increase through 2017, peaking at 386 million USD, then dropping sharply to 16 million USD in 2018. Interest expenses consistently increased over the years, rising from 111 million USD in 2014 to 154 million USD in 2018.
Deferred and Other Liabilities
Deferred income taxes for current liabilities disappeared from 2015 onwards, while noncurrent deferred income taxes fluctuated, peaking in 2016 before decreasing and rising again in 2018. Other liabilities increased initially but declined somewhat in 2018. Deferred revenues varied considerably but showed an overall increasing trend by 2018.
Total Liabilities
Total liabilities increased moderately from 15,939 million USD in 2014 to 17,882 million USD in 2018, with a peak in 2016 at 17,369 million USD. Noncurrent liabilities also rose over the period, peaking in 2016 at 12,829 million USD before a slight decline by 2018.
Shareholders’ Equity
Ordinary shares remained stable until a decrease to 22 million USD in 2018. Additional paid-in capital was steady from 2014 to 2017, followed by a significant drop in 2018 to 7,041 million USD. Retained earnings showed considerable growth from 2014 through 2017, reaching 15,746 million USD, but then declined sharply to 6,763 million USD in 2018.
Comprehensive Income and Treasury Stock
Accumulated other comprehensive loss deepened from -1,026 million USD in 2014 to a peak negative value near -1,511 million USD in 2016, slightly improving afterward but remaining negative. Treasury stock decreased significantly in cost through 2017, reaching -15,749 million USD, but dramatically lessened in 2018 to -2,206 million USD.
Total Equity and Consolidated Totals
Total equity mirrored the movements in retained earnings and treasury stock, falling from 8,344 million USD in 2014 to 6,073 million USD in 2016, recovering strongly by 2018 to 10,280 million USD. The total of liabilities, redeemable non-controlling interests, and equity increased consistently over the years, from 24,283 million USD in 2014 to 28,278 million USD in 2018.
Additional Notes
Share repurchases decreased progressively and ceased to be recorded after 2016. Redeemable non-controlling interests appeared only in 2018 with a nominal value of 116 million USD. The data indicate a notable restructuring or significant financial events occurring between 2017 and 2018, especially visible through fluctuations in capital accounts and treasury stock.