Primo Water Corporation Financial Statements (2025 and earlier)
Company Profile
| Business Address |
101 NORTH CHERRY STREET WINSTON-SALEM, NC 27101 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 5141 - Groceries, General Line (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2019 MRQ | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 7,301 | 5,586 | 15,586 | 1,826 | 495 | 394 | |||
| Cash and cash equivalent | 7,301 | 5,586 | 15,586 | 1,826 | 495 | 394 | |||
| Receivables | 19,179 | 18,015 | 14,121 | 11,098 | 9,010 | 7,614 | |||
| Inventory, net of allowances, customer advances and progress billings | 9,965 | 6,178 | 6,182 | 7,092 | 6,826 | 6,346 | |||
| Inventory | 9,965 | 6,178 | 6,182 | 7,092 | 6,826 | 6,346 | |||
| Disposal group, including discontinued operation | 225 | ||||||||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 1,274 | ||
| Other undisclosed current assets | 7,004 | 3,409 | 3,086 | 529 | 1,279 | ||||
| Total current assets: | 43,449 | 33,188 | 38,975 | 20,545 | 17,610 | 15,853 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 95,627 | 100,692 | 100,331 | 31,997 | 34,235 | 38,634 | |||
| Long-term investments and receivables | 6,510 | 6,408 | |||||||
| Long-term investments | 6,510 | 6,408 | |||||||
| Intangible assets, net (including goodwill) | 170,485 | 237,489 | 241,166 | 8,074 | 9,452 | 10,872 | |||
| Goodwill | 91,814 | 92,934 | 91,709 | ||||||
| Intangible assets, net (excluding goodwill) | 78,671 | 144,555 | 149,457 | 8,074 | 9,452 | 10,872 | |||
| Disposal group, including discontinued operation, noncurrent assets | 5,288 | ✕ | |||||||
| Other noncurrent assets | 661 | 997 | 353 | 569 | 877 | ||||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 1,508 | ||
| Other undisclosed noncurrent assets | 4,618 | 4,877 | 4,152 | 3,688 | 3,574 | 4,104 | |||
| Total noncurrent assets: | 276,679 | 350,565 | 352,410 | 44,328 | 48,138 | 55,118 | |||
| TOTAL ASSETS: | 320,128 | 383,753 | 391,385 | 64,873 | 65,748 | 70,971 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 29,102 | 24,282 | 13,788 | 11,994 | 12,499 | 10,943 | |||
| Interest and dividends payable | 101 | 697 | |||||||
| Taxes payable | 728 | 877 | |||||||
| Employee-related liabilities | 2,406 | 3,749 | |||||||
| Accounts payable | 25,191 | 18,698 | 13,788 | 11,994 | 12,499 | 10,943 | |||
| Accrued liabilities | 676 | 261 | |||||||
| Debt | 11,159 | 3,473 | 2,183 | 172 | 106 | 16 | |||
| Disposal group, including discontinued operation | 1,901 | 15 | 23 | 92 | |||||
| Other liabilities | 501 | 1,226 | 4,755 | 313 | 340 | 322 | |||
| Due to related parties | 2,629 | 1,946 | |||||||
| Customer advances and deposits | ✕ | ✕ | 880 | 759 | 689 | 707 | ✕ | ||
| Contract with customer, liability | ✕ | 828 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed current liabilities | 405 | 242 | 9,507 | 2,731 | 3,273 | 3,058 | |||
| Total current liabilities: | 44,624 | 32,049 | 32,893 | 15,914 | 16,948 | 14,431 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 178,966 | 269,793 | 270,264 | 20,289 | 24,210 | 22,654 | |||
| Other undisclosed long-term debt and lease obligation | 178,966 | 269,793 | 270,264 | 20,289 | 24,210 | 22,654 | |||
| Liabilities, other than long-term debt | 1,438 | 8,455 | 13,607 | 1,942 | 2,330 | ||||
| Deferred tax liabilities, net | ✕ | 8,455 | 13,607 | ||||||
| Disposal group, including discontinued operation, liabilities | 1,438 | 1,942 | 2,000 | ||||||
| Other liabilities | 330 | ||||||||
| Other undisclosed noncurrent liabilities | 607 | 1,985 | 12,849 | 593 | 2,316 | ||||
| Total noncurrent liabilities: | 181,011 | 280,233 | 296,720 | 22,824 | 26,526 | 24,984 | |||
| Total liabilities: | 225,635 | 312,282 | 329,613 | 38,738 | 43,474 | 39,415 | |||
| Equity | |||||||||
| Equity, attributable to parent | 94,493 | 71,471 | 64,372 | 26,135 | 22,274 | 31,556 | |||
| Common stock | 39 | 30 | 29 | 26 | 25 | 24 | |||
| Additional paid in capital | 424,635 | 327,178 | 325,779 | 281,476 | 277,708 | 273,379 | |||
| Accumulated other comprehensive loss | (1,582) | (770) | (1,535) | (1,412) | (814) | (430) | |||
| Accumulated deficit | (328,599) | (273,752) | (267,393) | (261,447) | (263,304) | (249,837) | |||
| Warrants and rights outstanding | 18,785 | 7,492 | 7,492 | 8,659 | 8,420 | ||||
| Other undisclosed equity | (2,600) | ||||||||
| Total equity: | 94,493 | 71,471 | 61,772 | 26,135 | 22,274 | 31,556 | |||
| TOTAL LIABILITIES AND EQUITY: | 320,128 | 383,753 | 391,385 | 64,873 | 65,748 | 70,971 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 302,112 | 286,074 | 142,541 | 126,951 | 106,322 | 91,209 | ||
| Revenue, net | ✕ | ✕ | 286,074 | 142,541 | 126,951 | 106,322 | 91,209 | |
| Cost of revenue | (235,064) | (228,043) | (114,408) | (102,354) | (87,068) | (79,844) | ||
| Cost of product and service sold | (215,502) | (202,878) | (100,184) | (92,476) | (78,452) | (68,367) | ||
| Gross profit: | 67,048 | 58,031 | 28,133 | 24,597 | 19,254 | 11,365 | ||
| Operating expenses | (109,385) | (43,995) | (28,248) | (20,457) | (25,993) | (15,784) | ||
| Operating income (loss): | (42,337) | 14,036 | (115) | 4,140 | (6,739) | (4,419) | ||
| Interest and debt expense | (21,417) | (20,324) | (6,023) | (1,987) | (6,325) | (4,425) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (63,754) | (6,288) | (6,138) | 2,153 | (13,064) | (8,844) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (3,220) | 240 | ||||||
| Income (loss) from continuing operations before income taxes: | (63,754) | (9,508) | (5,898) | 2,153 | (13,064) | (8,844) | ||
| Income tax benefit | 8,907 | 3,149 | ||||||
| Income (loss) from continuing operations: | (54,847) | (6,359) | (5,898) | 2,153 | (13,064) | (8,844) | ||
| Income (loss) before gain (loss) on sale of properties: | (54,847) | (6,359) | (5,946) | 1,857 | (13,467) | (10,706) | ||
| Loss from discontinued operations | (48) | (296) | (403) | (1,862) | ||||
| Net income (loss) available to common stockholders, diluted: | (54,847) | (6,359) | (5,946) | 1,857 | (13,467) | (10,706) | ||
Comprehensive Income ($ in thousands)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (54,847) | (6,359) | (5,946) | 1,857 | (13,467) | (10,706) | ||
| Comprehensive income (loss): | (54,847) | (6,359) | (5,946) | 1,857 | (13,467) | (10,706) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (812) | 765 | (123) | (598) | (384) | (394) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (55,659) | (5,594) | (6,069) | 1,259 | (13,851) | (11,100) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.