Stock Analysis on Net
Stock Analysis on Net

Sherwin-Williams Co. (NYSE:SHW)

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s 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.

Sherwin-Williams Co., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in thousands

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Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 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
Short-term borrowings 559,500  1,051,500  204,700  435,699  808,800  824,833  328,403  650,134  650,718  920,010  633,731  164,133  51,904  41,909  40,739  50,325  59,203  128,675  39,462  36,805  1,159,284  1,405,369 
Accounts payable 1,848,400  1,958,400  1,876,300  2,028,402  2,067,854  1,894,005  1,799,424  2,165,724  2,049,123  1,975,323  1,791,552  1,832,434  1,783,648  1,221,778  1,034,608  1,224,358  1,289,406  1,152,923  1,157,561  1,216,342  1,253,894  1,174,840 
Compensation and taxes withheld 467,300  438,000  552,700  538,932  418,272  400,795  504,547  500,248  405,762  417,316  508,166  500,977  395,867  296,176  398,045  379,887  311,111  284,860  338,256  330,144  267,352  249,707 
Accrued taxes 255,700  106,500  85,700  94,966  154,619  128,944  80,766  98,632  173,022  113,023  79,901  280,854  320,890  158,587  76,765  145,167  230,294  115,403  81,146  187,904  193,834  77,602 
Current portion of long-term debt 700  429,500  429,800  429,569  1,437,812  303,896  307,191  310,561  1,179  1,179  1,179  701,419  701,101  700,786  700,475  1,679  2,179  2,179  3,154  3,183  3,179  3,143 
California litigation accrual 12,000  12,000  12,000  12,000  136,333  136,333  136,333  136,333  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Current portion of operating lease liabilities 369,400  371,100  371,600  364,379  361,676  356,457  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Other accruals 946,600  853,200  989,100  961,843  957,274  955,293  1,141,083  980,433  910,283  900,301  972,651  891,844  898,503  519,766  578,547  714,391  733,020  578,521  522,280  519,818  479,696  468,384 
Current liabilities 4,459,600  5,220,200  4,521,900  4,865,790  6,342,640  5,000,556  4,297,747  4,842,065  4,190,087  4,327,152  3,987,180  4,371,661  4,151,913  2,939,002  2,829,179  2,515,807  2,625,213  2,262,561  2,141,859  2,294,196  3,357,239  3,379,045 
Long-term debt, excluding current portion 8,289,400  8,289,200  8,050,700  8,043,030  7,209,481  8,702,630  8,708,057  8,710,831  9,722,918  9,891,017  9,885,745  10,083,828  10,751,284  1,211,512  1,211,326  1,909,713  1,909,217  1,908,774  1,920,196  1,920,150  1,122,756  1,122,741 
Postretirement benefits other than pensions 262,500  262,800  263,000  260,968  259,852  258,736  257,621  277,857  276,796  275,735  274,675  262,543  253,434  252,031  250,397  253,457  251,812  250,168  248,523  280,530  279,650  278,771 
Deferred income taxes 953,200  949,500  969,900  1,096,854  1,114,740  1,128,804  1,130,872  1,371,162  1,380,370  1,494,661  1,434,196  2,611,065  2,467,348  15,427  73,833  132,327  131,447  —  —  —  —  — 
Long-term operating lease liabilities, excluding current portion 1,390,700  1,373,700  1,370,700  1,352,246  1,362,218  1,371,437  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Other long-term liabilities 1,269,200  1,185,800  1,196,700  1,222,591  1,149,723  1,039,417  1,009,237  803,942  837,472  689,075  684,443  709,571  702,159  505,581  509,345  508,684  501,359  615,983  613,367  630,982  617,677  609,521 
Long-term liabilities 12,165,000  12,061,000  11,851,000  11,975,689  11,096,014  12,501,024  11,105,787  11,163,792  12,217,556  12,350,488  12,279,059  13,667,007  14,174,225  1,984,551  2,044,901  2,804,181  2,793,835  2,774,925  2,782,086  2,831,662  2,020,083  2,011,033 
Total liabilities 16,624,600  17,281,200  16,372,900  16,841,479  17,438,654  17,501,580  15,403,534  16,005,857  16,407,643  16,677,640  16,266,239  18,038,668  18,326,138  4,923,553  4,874,080  5,319,988  5,419,048  5,037,486  4,923,945  5,125,858  5,377,322  5,390,078 
Common stock, $1.00 par value 120,000  119,700  119,400  119,245  118,936  118,672  118,373  118,282  117,964  117,875  117,561  117,189  117,071  116,775  116,563  116,457  116,259  116,043  115,761  115,613  115,394  115,118 
Other capital 3,289,100  3,215,500  3,153,000  3,079,342  3,010,662  2,945,521  2,896,448  2,851,983  2,795,196  2,761,207  2,723,183  2,654,176  2,606,757  2,547,621  2,488,564  2,451,196  2,412,599  2,372,641  2,330,426  2,287,106  2,241,197  2,187,144 
Retained earnings 8,036,000  7,562,700  7,366,900  7,224,292  6,752,956  6,386,948  6,246,548  6,270,757  5,997,628  5,674,637  5,502,730  4,685,313  4,448,788  4,209,198  4,049,497  3,924,686  3,616,095  3,316,018  3,228,876  3,093,265  2,780,764  2,493,469 
Treasury stock, at cost (6,708,000) (6,707,700) (5,836,500) (5,632,812) (5,504,293) (5,358,887) (4,900,690) (4,655,587) (4,621,250) (4,528,018) (4,266,416) (4,263,388) (4,262,120) (4,258,831) (4,235,832) (4,236,335) (4,236,235) (4,235,794) (4,220,058) (3,950,402) (3,863,351) (3,798,254)
Accumulated other comprehensive loss (867,200) (901,100) (679,500) (767,207) (630,779) (632,193) (629,934) (610,596) (542,449) (335,655) (384,870) (452,301) (519,236) (549,413) (540,351) (658,221) (662,089) (568,085) (587,095) (569,417) (516,662) (528,305)
Shareholders’ equity 3,869,900  3,289,100  4,123,300  4,022,860  3,747,482  3,460,061  3,730,745  3,974,839  3,747,089  3,690,046  3,692,188  2,740,989  2,391,260  2,065,350  1,878,441  1,597,783  1,246,629  1,000,823  867,910  976,165  757,342  469,172 
Total liabilities and shareholders’ equity 20,494,500  20,570,300  20,496,200  20,864,339  21,186,136  20,961,641  19,134,279  19,980,696  20,154,732  20,367,686  19,958,427  20,779,657  20,717,398  6,988,903  6,752,521  6,917,771  6,665,677  6,038,309  5,791,855  6,102,023  6,134,664  5,859,250 

Based on: 10-Q (filing date: 2020-07-28), 10-Q (filing date: 2020-04-29), 10-K (filing date: 2020-02-21), 10-Q (filing date: 2019-10-22), 10-Q (filing date: 2019-07-24), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-22), 10-Q (filing date: 2018-10-25), 10-Q (filing date: 2018-07-25), 10-Q (filing date: 2018-04-25), 10-K (filing date: 2018-02-23), 10-Q (filing date: 2017-10-25), 10-Q (filing date: 2017-07-26), 10-Q (filing date: 2017-04-21), 10-K (filing date: 2017-02-22), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-27), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-10-29), 10-Q (filing date: 2015-07-22), 10-Q (filing date: 2015-04-22).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Sherwin-Williams Co.’s current liabilities increased from Q4 2019 to Q1 2020 but then decreased significantly from Q1 2020 to Q2 2020.
Long-term liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Sherwin-Williams Co.’s long-term liabilities increased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Sherwin-Williams Co.’s total liabilities increased from Q4 2019 to Q1 2020 but then slightly decreased from Q1 2020 to Q2 2020 not reaching Q4 2019 level.
Shareholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity’s stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Sherwin-Williams Co.’s shareholders’ equity decreased from Q4 2019 to Q1 2020 but then increased from Q1 2020 to Q2 2020 not reaching Q4 2019 level.