Stock Analysis on Net
Stock Analysis on Net

Monsanto Co. (NYSE:MON)

This company has been moved to the archive! The financial data has not been updated since April 5, 2018.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 

Monsanto Co., common-size consolidated balance sheet: liabilities and stockholders’ equity

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Aug 31, 2017 Aug 31, 2016 Aug 31, 2015 Aug 31, 2014 Aug 31, 2013 Aug 31, 2012
Short-term debt, including current portion of long-term debt 4.08 8.04 2.81 1.06 0.25 0.18
Accounts payable 5.01 5.10 3.81 5.05 4.82 3.93
Income taxes payable 0.27 0.21 1.07 0.45 0.44 0.37
Accrued compensation and benefits 2.71 1.21 1.39 2.27 2.38 2.70
Accrued marketing programs 8.99 8.36 6.81 6.34 5.22 6.33
Deferred revenues 3.41 2.88 1.69 1.99 2.50 1.96
Grower production accruals 0.28 0.24 0.18 0.25 0.29 0.96
Dividends payable 1.11 1.20 1.16 1.09 1.10 0.99
Customer payable 0.50 0.62 0.33 0.37 0.06 0.07
Restructuring reserves 0.17 1.15 0.78 0.00 0.00 0.00
Miscellaneous short-term accruals 3.47 5.09 3.61 4.38 3.93 3.39
Current liabilities 29.99% 34.10% 23.62% 23.26% 20.98% 20.87%
Long-term debt, excluding current portion 34.00 37.76 38.45 34.25 9.97 10.08
Postretirement liabilities 1.47 1.88 1.53 1.57 1.73 2.68
Long-term deferred revenue 0.53 0.18 0.21 0.21 0.67 1.21
Noncurrent deferred tax liabilities 0.90 0.34 1.55 2.32 2.27 1.55
Long-term portion of environmental and litigation liabilities 1.02 1.01 0.89 0.84 0.93 1.05
Long-term restructuring reserves 0.04 0.09 0.21 0.00 0.00 0.00
Other liabilities 1.77 1.61 1.57 1.56 1.85 3.04
Noncurrent liabilities 39.74% 42.88% 44.43% 40.74% 17.42% 19.62%
Total liabilities 69.73% 76.97% 68.04% 64.00% 38.40% 40.49%
Common stock, par value $0.01 0.03 0.03 0.03 0.03 0.03 0.03
Treasury stock, at cost -70.56 -76.27 -54.99 -45.64 -20.03 -15.06
Additional contributed capital 55.50 58.91 52.30 45.51 52.18 51.28
Retained earnings 56.59 54.53 47.33 41.00 34.79 27.38
Accumulated other comprehensive loss -11.38 -14.23 -12.78 -5.07 -6.18 -5.12
Total Monsanto Company shareowners’ equity 30.18% 22.97% 31.89% 35.83% 60.78% 58.51%
Noncontrolling interest 0.09 0.06 0.07 0.18 0.82 1.00
Total shareowners’ equity 30.27% 23.03% 31.96% 36.00% 61.60% 59.51%
Total liabilities and shareowners’ equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31).

Short-term debt, including current portion of long-term debt
The proportion of short-term debt increased markedly from 0.18% in 2012 to a peak of 8.04% in 2016, before decreasing to 4.08% in 2017. This indicates a significant rise in near-term borrowing obligations through 2016, followed by a partial reduction.
Accounts payable
This liability showed a generally stable pattern with minor fluctuations, rising from 3.93% in 2012 to 5.1% in 2016, then slightly declining to 5.01% in 2017, suggesting consistent outstanding supplier obligations relative to total financing.
Income taxes payable
Income taxes payable remained low throughout the period, with a small spike to 1.07% in 2015 but generally under 0.5% of total liabilities and equity, indicating minor fluctuations in tax liabilities.
Accrued compensation and benefits
These liabilities decreased gradually from 2.7% in 2012 to a low of 1.21% in 2016, then rebounded to 2.71% in 2017. This pattern may reflect changes in employee-related obligations or timing differences in accruals.
Accrued marketing programs
A steady increase was noted, rising from 6.33% in 2012 to 8.99% in 2017, indicating growing marketing spend accruals over the period relative to the total capital structure.
Deferred revenues
Deferred revenues varied modestly, starting at 1.96% in 2012, decreasing by 2015, then increasing again to 3.41% in 2017, reflecting changes in revenue recognition timing or contract terms.
Grower production accruals
This item steadily declined from 0.96% in 2012 to a trough in 2015 (0.18%) before a slight recovery, remaining below 0.3%, signifying a minor share of total obligations.
Dividends payable
Dividends payable maintained a relatively stable range between 0.99% and 1.2%, indicating consistent dividend liability relative to total financing.
Customer payable
There was an overall upward trend from 0.07% in 2012 to 0.62% in 2016, followed by a small decline, pointing to increasing short-term customer-related liabilities.
Restructuring reserves
Beginning in 2015, restructuring reserves appeared, peaking at 1.15% in 2016 before falling to 0.17% in 2017, reflecting episodic restructuring activities with associated liabilities.
Miscellaneous short-term accruals
This category rose from 3.39% in 2012 to a peak of 5.09% in 2016, then declined to 3.47% in 2017, indicating variable short-term accruals unrelated to other categories.
Current liabilities
The share of current liabilities grew from around 21% in 2012 to a peak of 34.1% in 2016, before decreasing to approximately 30% in 2017, implying increasing short-term financial obligations peaking in 2016.
Long-term debt, excluding current portion
This liability exhibited a substantial increase from approximately 10% in 2012-2013 to over 34% in 2017, peaking at 38.45% in 2015, suggesting significant long-term borrowing growth and a slight subsequent reduction.
Postretirement liabilities
These liabilities steadily declined from 2.68% in 2012 to below 1.5% by 2017, indicating lower postretirement obligations relative to total financing.
Long-term deferred revenue
The proportion of long-term deferred revenue decreased from 1.21% in 2012 to a low of 0.18% in 2016, with a slight increase in 2017, pointing to diminishing unearned revenues recognized over future periods.
Noncurrent deferred tax liabilities
These liabilities fluctuated, peaking at 2.32% in 2014, declining steeply to 0.34% in 2016, followed by a modest increase to 0.9% in 2017, suggesting changes in deferred tax obligations over time.
Long-term portion of environmental and litigation liabilities
This liability remained relatively stable around 1%, indicating consistent recognition of long-term environmental and legal liabilities.
Long-term restructuring reserves
Introduced in 2015 at 0.21%, this reserve decreased steadily to 0.04% by 2017, corresponding with the decline in short-term restructuring reserves, showing ongoing resolution of restructuring liabilities.
Other liabilities
Other liabilities declined from 3.04% to below 2% during 2012–2014 and then stabilized near 1.7%, indicating a reduction and then steady state in miscellaneous obligations.
Noncurrent liabilities
Noncurrent liabilities experienced a significant increase from about 19.6% in 2012 to a peak of 44.43% in 2015, followed by a decline to roughly 39.7% in 2017, reflecting growth in long-term obligations before partial repayment or reclassification.
Total liabilities
Total liabilities rose sharply from 40.5% in 2012 to a high of 76.97% in 2016, then declined to 69.73% in 2017, showing an overall increase in obligations relative to total capital, with a peak in 2016.
Common stock, par value $0.01
Common stock remained stable at 0.03% across all years, indicating an unchanged level of par value stock relative to total capital.
Treasury stock, at cost
The negative treasury stock balance increased in magnitude from -15.06% in 2012 to a peak of -76.27% in 2016, before slightly decreasing in 2017. This reflects significant share repurchases or stock withdrawals increasing over time.
Additional contributed capital
This equity component fluctuated but generally increased from 51.28% in 2012 to 58.91% in 2016, followed by a slight decrease in 2017, indicating net contributions or capital increases over the period.
Retained earnings
Retained earnings showed continuous growth from 27.38% in 2012 to 56.59% in 2017, reflecting accumulated profitability retained in the company, increasing its equity base.
Accumulated other comprehensive loss
This loss increased from -5.12% in 2012 to a low of -14.23% in 2016, partly recovering to -11.38% in 2017, indicating growing cumulative other comprehensive losses followed by partial improvement.
Total Monsanto Company shareowners’ equity
Shareowners’ equity declined from 58.51% in 2012 to 22.97% in 2016, then rebounded to 30.18% in 2017. This reflects an overall decrease in equity as a portion of total financing up to 2016, with some recovery afterward.
Noncontrolling interest
Noncontrolling interest diminished from 1.0% in 2012 to 0.06% in 2016, slightly increasing to 0.09% in 2017, indicating a decreasing influence of minority shareholders over the period.
Total shareowners’ equity
Total equity, including noncontrolling interest, followed the same trend as Monsanto’s equity alone, declining to about 23% in 2016 and rising to over 30% in 2017.
Total liabilities and shareowners’ equity
The total was consistently 100%, as expected, confirming the balance between liabilities and equity over time.