Clearwater Paper Corporation (CLW) Financial Statements (2024 and earlier)

Company Profile

Business Address 601 WEST RIVERSIDE AVENUE
SPOKANE, WA 99201
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 2631 - Paperboard Mills (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments542536202216
Cash and cash equivalents542536202216
Restricted cash and investments    12 
Receivables189167161159146142
Inventory, net of allowances, customer advances and progress billings324278263281266266
Inventory324278263281266266
Other current assets201715439
Other undisclosed current assets (0) (0)0520
Total current assets:586487475466444453
Noncurrent Assets
Operating lease, right-of-use asset   6473
Property, plant and equipment1,0171,0821,1921,2581,2691,051
Intangible assets, net (including goodwill) 911495259277
Goodwill   353535244
Intangible assets, net (excluding goodwill) 91114172433
Other noncurrent assets10012122291622
Other undisclosed noncurrent assets (9)(11)    
Total noncurrent assets:1,1171,2031,3261,4121,3441,349
TOTAL ASSETS:1,7041,6901,8001,8781,7881,802
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:311253243263321257
Interest and dividends payable12 131513
Taxes payable11 767
Employee-related liabilities2942454142
Accounts payable213168143150228169
Accrued liabilities9255862218
Other undisclosed accounts payable and accrued liabilities 627 4187
Debt 2218121155
Other undisclosed current liabilities1   78
Total current liabilities:312254245280449419
Noncurrent Liabilities
Long-term debt and lease obligation, including:568643723893671571
Long-term debt, excluding current maturities565638716885671571
Finance lease, liability 23 1921
Other undisclosed long-term debt and lease obligation (20)5(67)(78)  
Liabilities, other than long-term debt237224264215235230
Accounts payable and accrued liabilities     33
Deferred tax liabilities, net115112
Deferred income tax liabilities143150158121
Liability, pension and other postretirement and postemployment benefits587481777872
Other liabilities   25173943
Operating lease, liability 36 5466
Other undisclosed noncurrent liabilities1458475867
Total noncurrent liabilities:8209241,0351,165912808
Total liabilities:1,1321,1781,2791,4461,3621,227
Equity
Equity, attributable to parent, including:572512521432426575
Common stock     00
Additional paid in capital2924171061
Accumulated other comprehensive loss(33)(43)(54)(60)(67)(44)
Retained earnings577531559482487618
Other undisclosed equity, attributable to parent 0     
Other undisclosed equity(0)0    
Total equity:572512521432426575
TOTAL LIABILITIES AND EQUITY:1,7041,6901,8001,8781,7881,802

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues2,0801,7731,8691,7621,7241,730
Revenue, net1,7241,730
Cost of revenue(1,824)(1,590)(1,588)(1,603)(1,538)(1,530)
Cost of goods and services sold(1,823)(1,590)(1,574)(1,597)(1,538)(1,530)
Gross profit:257183280158186201
Operating expenses(143)(171)(122)(113)(284)(128)
Other operating expense, net  (14)(6)  
Other undisclosed operating income   146  
Operating income (loss):1141215845(98)72
Nonoperating expense(6)  (6)  
Net periodic defined benefits expense (reversal of expense), excluding service cost component  108(6) 
Other nonoperating expense(6)(10)(8)   
Interest and debt expense(35)(37)(6)(3)  
Other undisclosed loss from continuing operations before equity method investments, income taxes    (45)(36)(31)
Income (loss) from continuing operations before income taxes:74(25)152(8)(133)41
Income tax expense (benefit)(27)8(21)2(10)56
Income (loss) from continuing operations:47(17)131(6)(144)97
Income (loss) before gain (loss) on sale of properties:(17)131(6)(144)97
Net income (loss):47(17)131(6)(144)97
Other undisclosed net income (loss) attributable to parent(1)(11)(54)   
Net income (loss) available to common stockholders, diluted:46(28)77(6)(144)97

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):47(17)131(6)(144)97
Other comprehensive income (loss)91258(11)8
Comprehensive income (loss):56(5)1362(154)105
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1)(11)(54)   
Comprehensive income (loss), net of tax, attributable to parent:55(16)822(154)105

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.

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