Glatfelter Corporation (GLT) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
4350 CONGRESS STREET CHARLOTTE, NC 28209 |
| State of Incorp. | PA |
| Fiscal Year End | December 31 |
| Industry (SIC) | 2621 - Paper Mills (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2024 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 | 50,265 | 110,660 | 138,436 | 99,581 | 126,201 | 142,685 | |||
| Cash and cash equivalents | 50,265 | 110,660 | 138,436 | 99,581 | 126,201 | 142,685 | |||
| Restricted cash and investments | 4,300 | 3,600 | 2,000 | ||||||
| Receivables | 197,974 | 195,665 | 170,212 | 122,817 | 124,442 | 119,772 | |||
| Inventory, net of allowances, customer advances and progress billings | 298,248 | 309,436 | 279,520 | 196,230 | 190,415 | 173,411 | |||
| Inventory | 298,248 | 309,436 | 279,520 | 196,230 | 190,415 | 173,411 | |||
| Other undisclosed current assets | 55,180 | 60,123 | 46,398 | 34,297 | 36,274 | 33,418 | |||
| Total current assets: | 605,967 | 679,484 | 636,566 | 452,925 | 477,332 | 469,286 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 662,916 | 675,811 | 758,812 | 543,267 | 537,421 | 556,044 | |||
| Intangible assets, net (including goodwill) | 214,024 | 213,865 | 392,469 | 246,204 | 234,551 | 247,077 | |||
| Goodwill | 107,691 | 105,195 | 236,165 | 164,369 | 150,816 | 153,463 | |||
| Intangible assets, net (excluding goodwill) | 106,333 | 108,670 | 156,304 | 81,835 | 83,735 | 93,614 | |||
| Other noncurrent assets | 80,889 | 78,193 | 92,760 | 44,485 | 34,490 | 67,347 | |||
| Total noncurrent assets: | 957,829 | 967,869 | 1,244,041 | 833,956 | 806,462 | 870,468 | |||
| TOTAL ASSETS: | 1,563,796 | 1,647,353 | 1,880,607 | 1,286,881 | 1,283,794 | 1,339,754 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 158,455 | 217,625 | 220,252 | 133,493 | 135,791 | 126,420 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 6,237 | 5,988 | 5,752 | 5,719 | ||
| Accounts payable | 158,455 | 217,625 | 214,015 | 127,505 | 130,039 | 120,701 | |||
| Debt | 7,155 | 51,857 | 49,280 | 25,057 | 22,940 | 10,785 | |||
| Accrued environmental loss contingencies | 2,000 | 2,200 | 2,200 | 3,700 | 9,000 | 23,000 | |||
| Other liabilities | 112,758 | 88,724 | 99,438 | 71,093 | 62,772 | 72,597 | |||
| Total current liabilities: | 280,368 | 360,406 | 371,170 | 233,343 | 230,503 | 232,802 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 853,163 | 793,252 | 738,075 | 288,464 | 336,919 | 400,962 | |||
| Long-term debt, excluding current maturities | 853,163 | 793,252 | 738,075 | 288,464 | 336,919 | 400,962 | |||
| Liabilities, other than long-term debt | 173,411 | 175,691 | 228,600 | 187,142 | 160,413 | 88,441 | |||
| Deferred income tax liabilities | 52,219 | 54,388 | 87,285 | 77,131 | 76,374 | ✕ | |||
| Other liabilities | 121,192 | 121,303 | 141,315 | 110,011 | 84,039 | 88,441 | |||
| Other undisclosed noncurrent liabilities | 78,651 | ||||||||
| Total noncurrent liabilities: | 1,026,574 | 968,943 | 966,675 | 475,606 | 497,332 | 568,054 | |||
| Total liabilities: | 1,306,942 | 1,329,349 | 1,337,845 | 708,949 | 727,835 | 800,856 | |||
| Equity | |||||||||
| Equity, attributable to parent | 256,854 | 318,004 | 542,762 | 577,932 | 555,959 | 538,898 | |||
| Common stock | 544 | 544 | 544 | 544 | 544 | 544 | |||
| Treasury stock, value | (139,750) | (144,171) | (147,857) | (150,585) | (152,384) | (156,750) | |||
| Additional paid in capital | 58,759 | 60,663 | 64,779 | 63,261 | 59,900 | 62,239 | |||
| Accumulated other comprehensive loss | (82,509) | (97,895) | (80,304) | (58,653) | (77,896) | (137,440) | |||
| Retained earnings | 419,810 | 498,863 | 705,600 | 723,365 | 725,795 | 770,305 | |||
| Total equity: | 256,854 | 318,004 | 542,762 | 577,932 | 555,959 | 538,898 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,563,796 | 1,647,353 | 1,880,607 | 1,286,881 | 1,283,794 | 1,339,754 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,385,516 | 1,491,326 | 1,084,694 | 916,498 | 927,673 | 866,286 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (1,255,809) | (1,342,524) | (939,899) | (768,629) | (780,131) | (735,879) | ||
| Gross profit: | 129,707 | 148,802 | 144,795 | 147,869 | 147,542 | 130,407 | ||
| Operating expenses | (108,630) | (312,753) | (116,181) | (98,713) | (92,907) | (108,465) | ||
| Other undisclosed operating loss | (18,365) | |||||||
| Operating income (loss): | 2,712 | (163,951) | 28,614 | 49,156 | 54,635 | 21,942 | ||
| Nonoperating expense | (73,804) | (40,441) | (14,937) | (16,797) | (89,088) | (14,667) | ||
| Other nonoperating income (expense) | (10,551) | (7,642) | (2,657) | (4,020) | (4,477) | 383 | ||
| Interest and debt expense | (64,739) | (33,207) | (12,353) | (7,022) | (10,408) | (15,609) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (135,831) | (237,599) | 1,324 | 25,337 | (44,861) | (8,334) | ||
| Other undisclosed income from continuing operations before income taxes | 64,739 | 33,207 | 12,353 | 7,022 | 10,408 | 15,609 | ||
| Income (loss) from continuing operations before income taxes: | (71,092) | (204,392) | 13,677 | 32,359 | (34,453) | 7,275 | ||
| Income tax expense (benefit) | (7,011) | 10,275 | (6,956) | (11,576) | 9,242 | (7,723) | ||
| Income (loss) from continuing operations: | (78,103) | (194,117) | 6,721 | 20,783 | (25,211) | (448) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 6,937 | 21,298 | (21,541) | (177,604) | |
| Income (loss) from discontinued operations | (950) | (91) | 216 | 515 | 3,670 | (177,156) | ||
| Net income (loss) available to common stockholders, diluted: | (79,053) | (194,208) | 6,937 | 21,298 | (21,541) | (177,604) | ||
Comprehensive Income ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (79,053) | (194,208) | 6,937 | 21,298 | (21,541) | (177,604) | ||
| Other comprehensive income (loss) | 15,386 | (17,591) | (21,651) | 19,243 | 59,544 | 25,533 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (63,667) | (211,799) | (14,714) | 40,541 | 38,003 | (152,071) | ||
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.