US-listed companies
ECOLAB INC.

ECOLAB INC.ECL

Market cap

$71B

P/E ratio

51.7x

Income statement Balance sheet Cash flow

	Dec 31, 2011	Dec 31, 2012	Dec 31, 2013	Dec 31, 2014	Dec 31, 2015	Dec 31, 2016	Dec 31, 2017	Dec 31, 2018	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023
Product and equipment.	-	-	-	-	-	-	-	12,129	12,239	9,467	10,153	11,446	12,317
Service and lease.	-	-	-	-	-	-	-	2,540	2,667	2,324	2,580	2,742	3,003
Net sales	6,799	11,839	13,253	14,281	13,545	13,153	13,838	14,668	14,906	11,790	12,733	14,188	15,320
Product and equipment.	-	-	-	-	-	-	-	7,079	7,106	5,481	6,101	7,213	7,389
Service and lease.	-	-	-	-	-	-	-	1,547	1,617	1,425	1,515	1,618	1,766
Cost of Goods and Services Sold	3,476	6,484	7,240	7,679	7,224	6,899	7,405	8,626	8,723	6,906	7,616	8,831	9,155
Selling, General and Administrative Expense	2,438	3,920	4,281	4,578	4,346	4,299	4,417	3,969	3,958	3,309	3,416	3,654	4,062
Product and equipment.	-	-	-	-	-	-	-	9	39	39	92	65	15
Service and lease.	-	-	-	-	-	-	-	-	-	9	2	5	8
Special (gains) and charges	131	146	171	69	415	40	-4	127	212	180	103	141	111
Operating income	754	1,289	1,561	1,955	1,561	1,915	2,020	1,947	2,014	1,396	1,599	1,563	1,992
Other (income) expense (b)	-	-	-	-	-	-	-	80	76	56	34	25	60
Interest expense, net	-74	-277	-262	-257	-244	-265	-255	-222	-191	-290	-218	-244	-297
Income before income taxes	680	1,013	1,298	1,698	1,318	1,650	1,765	1,805	1,899	1,161	1,414	1,343	1,756
Provision for income taxes	216	311	325	476	301	403	242	364	323	177	270	235	363
Net income from continuing operations including noncontrolling interest	-	-	-	-	-	-	-	-	-	985	1,144	1,109	-
Net income including noncontrolling interest	463	701	974	1,222	1,017	1,247	1,522	1,440	1,576	-1,185	1,144	1,109	1,393
Net income from continuing operations attributable to noncontrolling interest	-	-	-	-	-	-	-	-	-	17	14	17	-
Net income attributable to noncontrolling interest	1	-2	6	19	15	18	14	11	17	-	-	-	21
Net income attributable to Ecolab	-	-	-	-	-	-	-	-	-	967	1,130	1,092	-
Net income attributable to Ecolab	463	701	974	1,222	1,017	1,247	1,522	1,440	1,576	-1,185	1,144	1,109	1,393
Net loss from discontinued operations, net of tax (Note 5) (d)	-	-	-	-	-	-	-	-	-	-2,172	-	-	-
Continuing operations	-	-	-	-	-	-	-	-	-	3.37	3.95	3.83	-
Discontinued operations	-	-	-	-	-	-	-	-	-	-7.57	-	-	-
Earnings attributable to Ecolab	1.95	2.41	3.23	4.01	3.38	4.2	5.21	4.95	5.41	-4.2	3.95	3.83	4.82
Earnings Per Share, Basic	1.95	2.41	3.23	4.01	3.38	4.2	5.21	4.95	5.41	-4.2	3.95	3.83	4.82
Continuing operations	-	-	-	-	-	-	-	-	-	3.33	3.91	3.81	-
Discontinued operations	-	-	-	-	-	-	-	-	-	-7.48	-	-	-
Earnings attributable to Ecolab	1.91	2.35	3.16	3.93	3.32	4.14	5.13	4.88	5.33	-4.15	3.91	3.81	4.79
Earnings Per Share, Diluted	1.91	2.35	3.16	3.93	3.32	4.14	5.13	4.88	5.33	-4.15	3.91	3.81	4.79
Net income (loss) attributable to Ecolab	463	704	968	1,203	1,002	1,230	1,508	1,429	1,559	-1,205	1,130	1,092	-
Continuing operations	-	-	-	-	-	-	-	-	-	3.37	3.95	3.83	-
Discontinued operations	-	-	-	-	-	-	-	-	-	-7.57	-	-	-
Earnings attributable to Ecolab	1.95	2.41	3.23	4.01	3.38	4.2	5.21	4.95	5.41	-4.2	3.95	3.83	4.82
Earnings Per Share, Basic	1.95	2.41	3.23	4.01	3.38	4.2	5.21	4.95	5.41	-4.2	3.95	3.83	4.82
Continuing operations	-	-	-	-	-	-	-	-	-	3.33	3.91	3.81	-
Discontinued operations	-	-	-	-	-	-	-	-	-	-7.48	-	-	-
Earnings attributable to Ecolab	1.91	2.35	3.16	3.93	3.32	4.14	5.13	4.88	5.33	-4.15	3.91	3.81	4.79
Earnings Per Share, Diluted	1.91	2.35	3.16	3.93	3.32	4.14	5.13	4.88	5.33	-4.15	3.91	3.81	4.79