Meadwestvaco Corp (MWV) Financial Statements (2024 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)

3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4544003393321,057462
Cash and cash equivalents4544003393321,057462
Receivables608784793735625691
Inventory, net of allowances, customer advances and progress billings673723727731686665
Inventory673723727731686665
Disposal group, including discontinued operation104     
Other current assets135121113128108121
Other undisclosed current assets      
Total current assets:1,9742,0281,9721,9262,4761,939
Noncurrent Assets
Property, plant and equipment3,4223,4903,6393,6463,6473,718
Intangible assets, net (including goodwill)932861882891990900
Goodwill692704715718716717
Intangible assets, net (excluding goodwill)240157167173274183
Other noncurrent assets6446577017007131,102
Defined benefit plan, assets for plan benefits1,3741,5671,5331,5071,4751,420
Other undisclosed noncurrent assets1,0181,1011,0911,085984(183)
Total noncurrent assets:7,3907,6767,8467,8297,8096,957
TOTAL ASSETS:9,3649,7049,8189,75510,2858,896
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,1859771,0309521,426964
Interest and dividends payable 61     
Taxes payable 36   174 
Employee-related liabilities 160   155 
Accounts payable540549599560563566
Accrued liabilities388428431392534398
Debt828788857989
Restructuring reserve 9   
Disposal group, including discontinued operation 19     
Other undisclosed current liabilities(266)   (329) 
Total current liabilities:1,0291,0641,1181,0371,1761,053
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,7901,7991,7871,8491,8162,038
Other undisclosed long-term debt and lease obligation1,7901,7991,7871,8491,8162,038
Liabilities, other than long-term debt2,0322,0582,1112,0982,0822,361
Deferred tax liabilities, net1,3301,3701,3571,3531,3481,092
Disposal group, including discontinued operation, liabilities7     
Other liabilities6956887547457341,269
Other undisclosed noncurrent liabilities1,1051,1121,1121,1121,112 
Total noncurrent liabilities:4,9274,9695,0105,0595,0104,399
Total liabilities:5,9566,0336,1286,0966,1865,452
Equity
Equity, attributable to parent3,2543,5123,5333,5003,9443,442
Common stock222222
Additional paid in capital2,8722,8962,9252,8973,1723,291
Accumulated other comprehensive loss(486)(241)(144)(160)(180)(188)
Retained earnings866855750761950337
Equity, attributable to noncontrolling interest1541591571591552
Total equity:3,4083,6713,6903,6594,0993,444
TOTAL LIABILITIES AND EQUITY:9,3649,7049,8189,75510,2858,896

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

3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
Revenues
(Revenue, Net)
1,3741,4681,4671,3221,1771,434
Other undisclosed gross profit (4,465)   (4,429) 
Gross profit:(3,091)1,4681,4671,322(3,252)1,434
Operating expenses (170)(1) (13)(66)5
Operating income (loss):(3,261)1,4671,4671,309(3,318)1,439
Nonoperating income1715121113 
Investment income, nonoperating15151413  
Gain (loss), foreign currency transaction, before tax 2 (2)(2)  
Interest and debt expense(53)(54)(53)(53)(41)(39)
Income (loss) from continuing operations before equity method investments, income taxes:(3,297)1,4281,4261,267(3,346)1,400
Other undisclosed income (loss) from continuing operations before income taxes3,394(1,280)(1,320)(1,221)3,351(1,265)
Income from continuing operations before income taxes:97148106465135
Income tax expense (benefit)(28)(41)(33)(15)158(55)
Income from continuing operations:69107733116380
Income before gain (loss) on sale of properties:69108733167880
Income from discontinued operations 1  515 
Net income:69108733167880
Net loss attributable to noncontrolling interest (16)(2)  (1) 
Net income available to common stockholders, diluted:53106733167780

Comprehensive Income ($ in millions)

3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
Net income:69108733167880
Other comprehensive income (loss)(245)(97)1620837
Comprehensive income (loss):(176)118951686117
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (16)(2)  1 
Other undisclosed comprehensive loss, net of tax, attributable to parent     (2) 
Comprehensive income (loss), net of tax, attributable to parent:(192)98951685117

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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