Clearwater Paper Corporation (CLW) Financial Statements (2025 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)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 42 | 54 | 25 | 36 | 20 | 22 | |||
| Cash and cash equivalents | 42 | 54 | 25 | 36 | 20 | 22 | |||
| Restricted cash and investments | 1 | 2 | |||||||
| Receivables | 185 | 189 | 167 | 161 | 159 | 146 | |||
| Inventory, net of allowances, customer advances and progress billings | 320 | 324 | 278 | 263 | 281 | 266 | |||
| Inventory | 320 | 324 | 278 | 263 | 281 | 266 | |||
| Disposal group, including discontinued operation | |||||||||
| Other current assets | 18 | 20 | 17 | 15 | 4 | 3 | |||
| Other undisclosed current assets | (0) | (0) | (0) | 0 | 5 | ||||
| Total current assets: | 564 | 586 | 487 | 475 | 466 | 444 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 64 | 73 | ✕ | ||||||
| Property, plant and equipment | 990 | 1,017 | 1,082 | 1,192 | 1,258 | 1,269 | |||
| Intangible assets, net (including goodwill) | 6 | 9 | 11 | 49 | 52 | 59 | |||
| Goodwill | 35 | 35 | 35 | ||||||
| Intangible assets, net (excluding goodwill) | 6 | 9 | 11 | 14 | 17 | 24 | |||
| Other undisclosed intangible assets, net (including goodwill) | |||||||||
| Disposal group, including discontinued operation, noncurrent assets | |||||||||
| Other noncurrent assets | 118 | 100 | 121 | 22 | 29 | 16 | |||
| Other undisclosed noncurrent assets | (6) | (9) | (11) | ||||||
| Total noncurrent assets: | 1,108 | 1,117 | 1,203 | 1,326 | 1,412 | 1,344 | |||
| TOTAL ASSETS: | 1,672 | 1,704 | 1,690 | 1,800 | 1,878 | 1,788 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 285 | 311 | 253 | 243 | 263 | 321 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 12 | 13 | 15 | |||
| Taxes payable | ✕ | ✕ | ✕ | 11 | 7 | 6 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 29 | 42 | 45 | 41 | ||
| Accounts payable | 164 | 213 | 168 | 143 | 150 | 228 | |||
| Accrued liabilities | 112 | 92 | 5 | 58 | 6 | 22 | |||
| Other undisclosed accounts payable and accrued liabilities | 9 | 6 | 27 | 41 | 8 | ||||
| Debt | 1 | 2 | 2 | 18 | 121 | ||||
| Disposal group, including discontinued operation | |||||||||
| Other undisclosed current liabilities | 0 | 1 | 7 | ||||||
| Total current liabilities: | 286 | 312 | 254 | 245 | 280 | 449 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 467 | 568 | 643 | 723 | 893 | 671 | |||
| Long-term debt, excluding current maturities | 462 | 565 | 638 | 716 | 885 | 671 | |||
| Finance lease, liability | 22 | 23 | 19 | 21 | ✕ | ||||
| Other undisclosed long-term debt and lease obligation | (17) | (20) | 5 | (67) | (78) | ||||
| Liabilities, other than long-term debt | 233 | 237 | 224 | 264 | 215 | 235 | |||
| Accounts payable and accrued liabilities | 3 | ||||||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 115 | ||
| Deferred income tax liabilities | 129 | 143 | 150 | 158 | 121 | ✕ | |||
| Liability, pension and other postretirement and postemployment benefits | 56 | 58 | 74 | 81 | 77 | 78 | |||
| Disposal group, including discontinued operation, liabilities | |||||||||
| Other liabilities | 25 | 17 | 39 | ||||||
| Operating lease, liability | 49 | 36 | 54 | 66 | ✕ | ||||
| Other undisclosed noncurrent liabilities | 16 | 14 | 58 | 47 | 58 | 6 | |||
| Total noncurrent liabilities: | 717 | 820 | 924 | 1,035 | 1,165 | 912 | |||
| Total liabilities: | 1,003 | 1,132 | 1,178 | 1,279 | 1,446 | 1,362 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 669 | 572 | 512 | 521 | 432 | 426 | |||
| Common stock | 0 | ||||||||
| Additional paid in capital | 15 | 29 | 24 | 17 | 10 | 6 | |||
| Accumulated other comprehensive loss | (31) | (33) | (43) | (54) | (60) | (67) | |||
| Retained earnings | 685 | 577 | 531 | 559 | 482 | 487 | |||
| Other undisclosed equity, attributable to parent | 0 | 0 | |||||||
| Other undisclosed equity | (0) | 0 | |||||||
| Total equity: | 669 | 572 | 512 | 521 | 432 | 426 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,672 | 1,704 | 1,690 | 1,800 | 1,878 | 1,788 | |||
Income Statement (P&L) ($ in millions)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,083 | 2,080 | 1,773 | 1,869 | 1,762 | 1,724 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 1,724 | |
| Cost of revenue | (1,752) | (1,824) | (1,590) | (1,588) | (1,603) | (1,538) | ||
| Cost of goods and services sold | (1,752) | (1,823) | (1,590) | (1,574) | (1,597) | (1,538) | ||
| Gross profit: | 331 | 257 | 183 | 280 | 158 | 186 | ||
| Operating expenses | (154) | (143) | (171) | (122) | (113) | (284) | ||
| Other operating expense, net | (14) | (6) | ||||||
| Other undisclosed operating income | 14 | 6 | ||||||
| Operating income (loss): | 177 | 114 | 12 | 158 | 45 | (98) | ||
| Nonoperating income (expense) | 0 | (6) | (6) | |||||
| Net periodic defined benefits expense (reversal of expense), excluding service cost component | 10 | 8 | (6) | |||||
| Other nonoperating income (expense) | 0 | (6) | (10) | (8) | ||||
| Interest and debt expense | (35) | (35) | (37) | (6) | (3) | |||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (45) | (36) | ||||||
| Income (loss) from continuing operations before income taxes: | 142 | 74 | (25) | 152 | (8) | (133) | ||
| Income tax expense (benefit) | (36) | (27) | 8 | (21) | 2 | (10) | ||
| Income (loss) from continuing operations: | 106 | 47 | (17) | 131 | (6) | (144) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (17) | 131 | (6) | (144) | |
| Income from discontinued operations | ||||||||
| Net income (loss): | 106 | 47 | (17) | 131 | (6) | (144) | ||
| Other undisclosed net income (loss) attributable to parent | 2 | (1) | (11) | (54) | ||||
| Net income (loss) available to common stockholders, diluted: | 108 | 46 | (28) | 77 | (6) | (144) | ||
Comprehensive Income ($ in millions)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 106 | 47 | (17) | 131 | (6) | (144) | ||
| Other comprehensive income (loss) | 3 | 9 | 12 | 5 | 8 | (11) | ||
| Comprehensive income (loss): | 108 | 56 | (5) | 136 | 2 | (154) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 2 | (1) | (11) | (54) | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | 110 | 55 | (16) | 82 | 2 | (154) | ||
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.