BAS Balance Sheet - BASF SE

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Price: 52 EUR 1.23% Market Closed

Market Cap: €46.5B

B	BASF SE XMUN:BAS	DE
S	Sonic Automotive Inc F:SA8A	US
	Edwards Lifesciences Corp NYSE:EW	US
	L'Oreal SA PAR:OR	FR
B	Becton Dickinson and Co SWB:BOX	US
	Republic Services Inc NYSE:RSG	US
F	First Tractor Co Ltd SWB:FTP	CN
A	Accenture PLC SWB:CSA	IE
D	Deutsche Post AG F:DPW	DE
G	Guangdong Investment Ltd F:GUG	HK
E	Evolution AB (publ) F:E3G1	SE
U	UPM-Kymmene Oyj OTC:UPMKF	FI
	Arista Networks Inc NYSE:ANET	US
	Darling Ingredients Inc NYSE:DAR	US
	Infosys Ltd NYSE:INFY	IN
K	Kamada Ltd TASE:KMDA	IL
M	Merck & Co Inc XMUN:6MK	US
	Thor Industries Inc NYSE:THO	US

Financial profile · Q2 FY2026

A cyclical chemicals platform with resilient cash generation and heavy reinvestment

BASF has a cyclical earnings model in which revenue and operating margins move with chemical prices, volumes, product mix, and industry conditions. Operating cash flow has generally remained positive, but substantial capital spending and portfolio transactions can create wide differences between reported earnings and underlying cash generation.

What is developing

The June 30, 2026 results showed better quarterly revenue and operating profitability, but the exceptional coatings-disposal gain materially inflated net income while working-capital pressure weakened operating cash flow. This represents improving operations alongside temporarily distorted bottom-line and cash-flow comparisons, not yet a clear change in the underlying financial model.

What matters next

Whether operating cash flow normalizes after the coatings disposal and working-capital drag while capital spending remains near its planned base.

Metric	FY2016 Dec 2016	FY2017 Dec 2017	FY2018 Dec 2018	FY2019 Dec 2019	FY2020 Dec 2020	FY2021 Dec 2021	FY2022 Dec 2022	FY2023 Dec 2023	FY2024 Dec 2024	FY2025 Dec 2025
Cash & Cash Equivalents	1.4B	6.5B	2.3B	2.4B	4.3B	2.6B	2.5B	2.6B	2.9B	2.7B
Cash Equivalents	1.4B	6.5B	2.3B	2.4B	4.3B	2.6B	2.5B	2.6B	2.9B	2.7B
Short-Term Investments	536m	52m	344m	444m	207m	208m	232m	53m	67m	89m
Total Receivables	13.5B	13.7B	13.3B	12.2B	13.5B	16.6B	17.4B	14.1B	12.8B	10.9B
Accounts Receivables	11B	11.2B	10.7B	9.1B	9.5B	11.9B	12.1B	10.4B	10.4B	8.3B
Other Receivables	2.6B	2.5B	2.7B	3.1B	4B	4.6B	5.4B	3.7B	2.4B	2.6B
Inventory	10B	10.3B	12.2B	11.2B	10B	13.9B	16B	13.9B	13.7B	12.2B
Other Current Assets	508m	570m	15.1B	4.7B	1.9B	1.8B	1.2B	806m	1.8B	5.9B
Total Current Assets	25.9B	31.1B	43.2B	31B	29.9B	35.1B	37.4B	31.5B	31.2B	31.7B
PP&E Net	26.4B	25.3B	20.8B	21.8B	19.6B	21.6B	23B	24.1B	27.2B	25.4B
PP&E Gross	26.4B	25.3B	20.8B	21.8B	19.6B	21.6B	23B	24.1B	27.2B	25.4B
Accumulated Depreciation	(45.2B)	(45.7B)	(42.2B)	(43.7B)	(46.4B)	(49.5B)	(52.2B)	(53.8B)	(57.4B)	(54.6B)
Intangible Assets	5.1B	4.2B	7.3B	6.4B	6.2B	6B	5.6B	4.7B	4.3B	3.1B
Goodwill	10.1B	9.4B	9.2B	8.1B	7B	7.5B	7.7B	7.5B	7.7B	6.6B
Note Receivable	—	—	—	—	—	—	—	1.3B	220m	185m
Long-Term Investments	5.3B	5.3B	2.8B	15.6B	13.3B	13B	8.1B	7.7B	7B	6B
Other Long-Term Assets	3.7B	3.5B	3.2B	4B	4.3B	4.3B	2.7B	2B	2.8B	3.2B
Other Assets	10.1B	9.4B	9.2B	8.1B	7B	7.5B	7.7B	7.5B	7.7B	6.6B
Total Assets	76.5B	78.8B	86.6B	87B	80.3B	87.4B	84.5B	77.4B	80.4B	76.2B
Accounts Payable	4.6B	5B	5.1B	5.1B	5.3B	7.8B	8.4B	6.7B	6.9B	5.5B
Accrued Liabilities	1.7B	1.7B	1.6B	1.4B	3B	4.2B	3.5B	2.3B	2.7B	2.2B
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Current Portion of Long-Term Debt	3.8B	2.5B	5.5B	3.7B	3.4B	3.4B	3.8B	2.5B	3B	3B
Other Current Liabilities	5.3B	5.7B	11.1B	6.4B	4.6B	4.6B	4.6B	4.3B	4.4B	5.8B
Deferred Revenue	556m	564m	903m	537m	78m	72m	90m	74m	76m	71m
Total Current Liabilities	15.3B	14.9B	23.3B	16.6B	16.3B	20.1B	20.4B	15.9B	17B	16.4B
Long-Term Debt	12.6B	15.6B	15.4B	16.1B	16.8B	14.8B	16.3B	18.4B	20.4B	19.7B
Deferred Income Tax	3.3B	2.7B	1.8B	2.3B	1.4B	1.5B	1.5B	1.1B	1B	953m
Minority Interest	761m	919m	1.1B	853m	670m	1.3B	1.4B	1.4B	1.3B	1.1B
Other Liabilities	12.7B	10.8B	9.9B	9.7B	11.3B	8.9B	5.2B	5.4B	5B	4.8B
Total Liabilities	44.7B	44.9B	51.5B	45.5B	46.6B	46.6B	44.9B	42.1B	44.8B	43B
Common Stock	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.1B	1.1B	1.1B	1.1B
Retained Earnings	34.6B	37.9B	39.8B	45.2B	41B	43.5B	38.6B	35.7B	34B	33.1B
Other Equity	(4B)	(5.3B)	(5.9B)	(4.9B)	(8.5B)	(3.9B)	(171m)	(1.5B)	436m	(1B)
Total Equity	31.8B	33.8B	35.1B	41.5B	33.7B	40.8B	39.6B	35.3B	35.6B	33.2B
Total Liabilities & Equity	76.5B	78.8B	86.6B	87B	80.3B	87.4B	84.5B	77.4B	80.4B	76.2B
Common Shares Outstanding	918.5m	918.5m	918.5m	918.5m	918.5m	918.5m	893.9m	892.5m	892.5m	884.3m