Company name:
Zoetis Inc
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IPO SHARE PRICE:$26.00
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IPO DATE:01 February 2013
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TICKER:ZTS
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MAIN STOCK EXCHANGE:New York Stock Exchange
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CURRENT HQ LOCATION:10 Sylvan Way Parsippany New Jersey 07054
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FISCAL YEAR END:December 31
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INCORPORATION JURISDICTION:None
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ORGANIZED AS THE FOLLOWING LEGAL TYPE:Corporation
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Investor Relations Webpage:Coming soon!
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TAX RATE:USA federal corporate nominal income tax rate is 21%
Short Description
Zoetis Inc
We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com
Balance Sheet
(USD in thousand)
26.5%
7.4%
12.0%
Selected Year:
31-Dec
2020
2020
Current Assets
Most valuable part of Current Assets is Cash and Marketable Securities which should be watched carefully; at the same time high and growing level of Accounts Receivables is very dangerous sign
48.6%
26.5% —
Cash and cash equivalents
12.0% —
Inventory
7.4% —
Accounts Receivable
2.7% —
Other short-term assets
Liquidity
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The most liquid asset, however, most companies don't keep much of it and invest excess cash into marketable securities such as Government bonds - in the US - Treasuries
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$1,564,000 | $1,602,000 | $1,934,000 | $3,604,000 | ||||||
| Short-term passive investments | - | 99,000 | - | - | ||||||
| Accounts Receivable | 998,000 | 1,036,000 | 1,086,000 | 1,013,000 | ||||||
| Inventory | 1,427,000 | 1,391,000 | 1,410,000 | 1,628,000 | ||||||
| Assets held for sale | - | - | - | - | ||||||
| Deferred tax assets | - | - | - | - | ||||||
| Other short-term assets | 228,000 | 271,000 | 318,000 | 366,000 | ||||||
| Total current assets | $4,217,000 | $4,399,000 | $4,748,000 | $6,611,000 |
16.2%
12.6%
19.8%
Selected Year:
31-Dec
2020
2020
Non-Current Assets
Non-current assets characterize company's business: high Property, Plant, and Equipment means that company is in capital-intensive industry which typically is very cyclical (earnings fluctuate a lot); watch out for high level of Goodwill and other non-intangibles which is bad sign as they typically worth very low relative to their value shown on the balance sheet
51.4%
19.8% —
Goodwill
16.2% —
Property plant and equipment net
12.6% —
Identifiable intangible assets
1.4% —
Operating lease - right-of-use assets
0.8% —
Other non-current assets
0.7% —
Deferred tax assets
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| Property plant and equipment net | 1,435,000 | 1,658,000 | 1,940,000 | 2,202,000 | ||||||
| Property and equipment net | - | - | - | - | ||||||
| Operating lease - right-of-use assets | - | - | 189,000 | 192,000 | ||||||
| Deferred tax assets | 80,000 | 61,000 | 88,000 | 94,000 | ||||||
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Identifiable intangible assets
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1,269,000 | 2,046,000 | 1,890,000 | 1,710,000 | ||||||
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Goodwill
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1,510,000 | 2,519,000 | 2,592,000 | 2,694,000 | ||||||
| Other non-current assets | 75,000 | 94,000 | 98,000 | 106,000 | ||||||
| Total non-current assets | 4,369,000 | 6,378,000 | 6,797,000 | 6,998,000 |
| Total assets | $8,586,000 | $10,777,000 | $11,545,000 | $13,609,000 |
4.1%
3.4%
4.4%
48.5%
41.6%
7.8%
Selected Year:
31-Dec
2020
2020
Current Liabilities
Current Liabilities represent company's short-term dues to others. The most important part to watch for is short-term debt and accounts payables
15.9%
4.4% —
Current maturities of long-term debt
4.1% —
Accrued expenses
3.4% —
Accounts payable
2.2% —
Accrued employee compensation and benefits
0.9% —
Dividends payable
0.7% —
Other current liabilities
0.3% —
Income tax payable
0.0% —
Short-term debt
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| Accounts payable | $261,000 | $313,000 | $301,000 | $457,000 | ||||||
| Income tax payable | 60,000 | 35,000 | 36,000 | 46,000 | ||||||
| Dividends payable | 61,000 | 79,000 | 95,000 | 119,000 | ||||||
| Accrued employee compensation and benefits | 236,000 | 266,000 | 276,000 | 295,000 | ||||||
| Accrued expenses | 432,000 | 487,000 | 543,000 | 556,000 | ||||||
| Current maturities of long-term debt | - | - | 500,000 | 600,000 | ||||||
| Current portion of allocated long-term debt | - | - | - | - | ||||||
| Short-term debt | - | 9,000 | - | 4,000 | ||||||
| Liabilities associated with assets held for sale | - | - | - | - | ||||||
| Other current liabilities | 44,000 | 34,000 | 55,000 | 93,000 | ||||||
| Total current liabilities | $1,094,000 | $1,223,000 | $1,806,000 | $2,170,000 |
Selected Year:
31-Dec
2020
2020
Non-Current Liabilities
The most critical items are revolving credit facility, term loans, and then notes - any forms of debt; in addition, pay attention to items like pension liabilites and leases- hidden debt
56.3%
48.5% —
Long-term debt
2.8% —
Deferred tax liability
2.0% —
Other non-current liabilities
1.9% —
Other taxes payable
1.2% —
Operating leases
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| Other taxes payable | 172,000 | 265,000 | 257,000 | 260,000 | ||||||
| Deferred tax liability | 380,000 | 474,000 | 434,000 | 378,000 | ||||||
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Long-term debt
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4,953,000 | 6,443,000 | 5,947,000 | 6,595,000 | ||||||
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Operating leases
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- | - | 164,000 | 163,000 | ||||||
| Other non-current liabilities | 201,000 | 187,000 | 229,000 | 270,000 | ||||||
| Total long-term liabilities | $5,706,000 | $7,369,000 | $7,031,000 | $7,666,000 |
| Total Liabilities | $6,800,000 | $8,592,000 | $8,837,000 | $9,836,000 |
Selected Year:
31-Dec
2020
2020
Equity
It's residue that is owned by shareholders after satisfying all of the liabilities with all of the assets; the larger the amount, the better the business is
27.7%
41.6% —
Retained earnings
7.8% —
Additional paid-in capital
0.0% —
Common stock
0.0% —
Non-controlling interest
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| Non-controlling interest | $16,000 | - | - | $4,000 | ||||||
| Business unit equity | - | - | - | - | ||||||
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Preferred Stock
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- | - | - | - | ||||||
| Common stock | 5,000 | 5,000 | 5,000 | 5,000 | ||||||
| Treasury Stock | - | - | (2,042,000) | - | ||||||
| Treasury Stock at cost | (852,000) | (1,487,000) | (2,042,000) | (2,230,000) | ||||||
| Retained earnings | 2,109,000 | 3,270,000 | 4,427,000 | 5,659,000 | ||||||
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Additional paid-in capital
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1,013,000 | 1,026,000 | 1,044,000 | 1,065,000 | ||||||
| Accumulated other comprehensive loss | (505,000) | (629,000) | (726,000) | (730,000) | ||||||
| Total Equity attributable to Company | 1,770,000 | - | 2,708,000 | 3,769,000 | ||||||
| Total Equity | $1,786,000 | $2,185,000 | $2,708,000 | $3,773,000 |
| Total Liabilities and Equity | $8,586,000 | $10,777,000 | $11,545,000 | $13,609,000 |