Clearwater Paper Corporation (CLW) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2536202216236
Cash and cash equivalents2536202216236
Short-term investments      0
Restricted cash and investments  12  2
Receivables167161159146142147139
Inventory, net of allowances, customer advances and progress billings278263281266266258256
Inventory278263281266266258256
Prepaid expense      9
Other current assets171543999
Other undisclosed current assets (0)0520106
Total current assets:487475466444453446427
Noncurrent Assets
Operating lease, right-of-use asset 6473
Property, plant and equipment1,0821,1921,2581,2691,051945867
Intangible assets, net (including goodwill)11495259277285229
Goodwill 353535244244209
Intangible assets, net (excluding goodwill)11141724334020
Other noncurrent assets1212229162284
Defined benefit plan, assets for plan benefits 1
Other undisclosed noncurrent assets(11)      
Total noncurrent assets:1,2031,3261,4121,3441,3491,2381,100
TOTAL ASSETS:1,6901,8001,8781,7881,8021,6841,527
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:253243263321257224220
Accounts payable168143150228169128128
Accrued liabilities558622181622
Employee-related liabilities29424541425044
Taxes payable11 76785
Interest and dividends payable12 1315131212
Other undisclosed accounts payable and accrued liabilities27 4187109
Debt22181211551358
Other undisclosed current liabilities   788 
Total current liabilities:254245280449419367228
Noncurrent Liabilities
Long-term debt and lease obligation, including:643723893671571570569
Long-term debt, excluding current maturities638716885671571570569
Finance lease, liability 1921
Operating lease, liability 5466
Other undisclosed long-term debt and lease obligation5(67)(78)    
Liabilities, other than long-term debt224264215235230275253
Accounts payable and accrued liabilities   3322
Deferred tax liabilities, net115112149116
Deferred income tax liabilities150158121
Liability, pension and other postretirement and postemployment benefits74817778728289
Other liabilities 251739434247
Other undisclosed noncurrent liabilities584758673 
Total noncurrent liabilities:9241,0351,165912808848822
Total liabilities:1,1781,2791,4461,3621,2271,2141,050
Stockholders' equity
Stockholders' equity attributable to parent512521432426575470475
Common stock   0000
Treasury stock, value     (395)(330)
Additional paid in capital24171061347340
Accumulated other comprehensive loss(43)(54)(60)(67)(44)(52)(56)
Retained earnings531559482487618570520
Other undisclosed stockholders' equity0      
Total stockholders' equity:512521432426575470475
Other undisclosed liabilities and equity      2
TOTAL LIABILITIES AND EQUITY:1,6901,8001,8781,7881,8021,6841,527

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,7731,8691,7621,7241,7301,7351,752
Revenue, net1,7241,7301,7351,752
Cost of revenue(1,590)(1,588)(1,603)(1,538)(1,530)(1,496)(1,513)
Cost of goods and services sold(1,590)(1,574)(1,597)(1,538)(1,530)(1,496)(1,513)
Gross profit:183280158186201239240
Operating expenses(171)(122)(113)(284)(128)(130)(117)
Other operating expense, net (14)(6)    
Other undisclosed operating income 146  21
Operating income (loss):1215845(98)72111124
Nonoperating expense  (6)    
Net periodic defined benefits expense (reversal of expense), excluding service cost component108(6) 
Interest and debt expense(37)(6)(3)  (0) 
Other undisclosed loss from continuing operations before equity method investments, income taxes  (45)(36)(31)(30)(31)
Income (loss) from continuing operations before income taxes:(25)152(8)(133)418192
Income tax expense (benefit)8(21)2(10)56(31)(37)
Net income (loss):(17)131(6)(144)975056
Other undisclosed net loss attributable to parent(11)(54)     
Net income (loss) available to common stockholders, diluted:(28)77(6)(144)975056

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(17)131(6)(144)975056
Other comprehensive income (loss)1258(11)8415
Comprehensive income (loss):(5)1362(154)1055371
Other undisclosed comprehensive loss, net of tax, attributable to parent(11)(54)     
Comprehensive income (loss), net of tax, attributable to parent:(16)822(154)1055371

Statements sources

The financial statements are based on the company's filings with the 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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: