Meadwestvaco Corp (MWV) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
501 SOUTH 5TH STREET RICHMOND, VA 23219-0501 |
| State of Incorp. | DE |
| 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 millions)Annual | Quarterly
| 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 454 | 1,057 | 663 | ||
| Cash and cash equivalents | 454 | 1,057 | 663 | ||
| Receivables | 608 | 625 | 607 | ||
| Inventory, net of allowances, customer advances and progress billings | 673 | 686 | 661 | ||
| Inventory | 673 | 686 | 661 | ||
| Disposal group, including discontinued operation | 104 | ||||
| Prepaid expense and other current assets | ✕ | ✕ | 135 | ||
| Other current assets | 135 | 108 | ✕ | ||
| Total current assets: | 1,974 | 2,476 | 2,066 | ||
| Noncurrent Assets | |||||
| Property, plant and equipment | 3,422 | 3,647 | 3,740 | ||
| Long-term investments and receivables | 398 | ||||
| Accounts and financing receivable, after allowance for credit loss | 398 | ||||
| Intangible assets, net (including goodwill) | 932 | 990 | 1,014 | ||
| Goodwill | 692 | 716 | 719 | ||
| Intangible assets, net (excluding goodwill) | 240 | 274 | 295 | ||
| Restricted cash and investments | 398 | ||||
| Other noncurrent assets | 644 | 713 | ✕ | ||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | 1,125 | ||
| Defined benefit plan, assets for plan benefits | 1,374 | 1,475 | 1,258 | ||
| Other undisclosed noncurrent assets | 1,018 | 984 | (1,091) | ||
| Total noncurrent assets: | 7,390 | 7,809 | 6,842 | ||
| TOTAL ASSETS: | 9,364 | 10,285 | 8,908 | ||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities | 1,185 | 1,426 | 1,271 | ||
| Accounts payable | 540 | 563 | 597 | ||
| Accrued liabilities | 388 | 534 | 446 | ||
| Employee-related liabilities | 160 | 155 | 192 | ||
| Taxes payable | 36 | 174 | 36 | ||
| Interest and dividends payable | 61 | ||||
| Debt | 82 | 79 | 63 | ||
| Restructuring reserve | 9 | ✕ | ✕ | ||
| Disposal group, including discontinued operation | 19 | ||||
| Deferred tax liabilities | 1 | ||||
| Other undisclosed current liabilities | (266) | (329) | (229) | ||
| Total current liabilities: | 1,029 | 1,176 | 1,106 | ||
| Noncurrent Liabilities | |||||
| Long-term debt and lease obligation, including: | 1,790 | 1,816 | 2,100 | ||
| Other undisclosed long-term debt and lease obligation | 1,790 | 1,816 | 2,100 | ||
| Liabilities, other than long-term debt | 2,032 | 2,082 | 2,324 | ||
| Deferred tax liabilities, net | 1,330 | 1,348 | 1,026 | ||
| Disposal group, including discontinued operation, liabilities | 7 | ||||
| Other liabilities | 695 | 734 | 1,298 | ||
| Other undisclosed noncurrent liabilities | 1,105 | 1,112 | |||
| Total noncurrent liabilities: | 4,927 | 5,010 | 4,424 | ||
| Total liabilities: | 5,956 | 6,186 | 5,530 | ||
| Stockholders' equity | |||||
| Stockholders' equity attributable to parent | 3,254 | 3,944 | 3,360 | ||
| Common stock | 2 | 2 | 2 | ||
| Additional paid in capital | 2,872 | 3,172 | 3,234 | ||
| Accumulated other comprehensive loss | (486) | (180) | (184) | ||
| Retained earnings | 866 | 950 | 308 | ||
| Stockholders' equity attributable to noncontrolling interest | 154 | 155 | 18 | ||
| Total stockholders' equity: | 3,408 | 4,099 | 3,378 | ||
| TOTAL LIABILITIES AND EQUITY: | 9,364 | 10,285 | 8,908 | ||
Income Statement (P&L) ($ in millions) Annual | Quarterly
| 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|
| Revenues (Revenue, Net) | 5,631 | 5,389 | 5,459 | |
| Other undisclosed gross profit | (4,465) | (4,429) | (4,329) | |
| Gross profit: | 1,166 | 960 | 1,130 | |
| Operating expenses | (199) | (89) | (93) | |
| Operating income: | 967 | 871 | 1,037 | |
| Nonoperating income | 55 | 10 | 6 | |
| Investment income, nonoperating | 57 | 14 | 11 | |
| Foreign currency transaction loss, before tax | (2) | (4) | (5) | |
| Interest and debt expense | (213) | (159) | (155) | |
| Income from continuing operations before equity method investments, income taxes: | 809 | 722 | 888 | |
| Other undisclosed loss from continuing operations before income taxes | (412) | (500) | (582) | |
| Income from continuing operations before income taxes: | 397 | 222 | 306 | |
| Income tax expense (benefit) | (117) | 97 | (91) | |
| Income from continuing operations: | 280 | 319 | 215 | |
| Income (loss) from discontinued operations | 1 | 519 | (7) | |
| Net income: | 281 | 838 | 208 | |
| Net income (loss) attributable to noncontrolling interest | (18) | 1 | (3) | |
| Net income available to common stockholders, diluted: | 263 | 839 | 205 | |
Comprehensive Income ($ in millions)Annual | Quarterly
| 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|
| Net income: | 281 | 838 | 208 | |
| Other comprehensive income (loss) | (306) | 4 | 81 | |
| Comprehensive income (loss): | (25) | 842 | 289 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (18) | (1) | 3 | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 2 | (6) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (43) | 843 | 286 | |
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.