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
| 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 investments | 262 | 454 | 400 | 339 | 332 | 1,057 | 462 | ||
| Cash and cash equivalents | 262 | 454 | 400 | 339 | 332 | 1,057 | 462 | ||
| Receivables | 688 | 608 | 784 | 793 | 735 | 625 | 691 | ||
| Inventory, net of allowances, customer advances and progress billings | 681 | 673 | 723 | 727 | 731 | 686 | 665 | ||
| Inventory | 681 | 673 | 723 | 727 | 731 | 686 | 665 | ||
| Disposal group, including discontinued operation | 64 | 104 | |||||||
| Other current assets | 139 | 135 | 121 | 113 | 128 | 108 | 121 | ||
| Other undisclosed current assets | 29 | ||||||||
| Total current assets: | 1,863 | 1,974 | 2,028 | 1,972 | 1,926 | 2,476 | 1,939 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 3,306 | 3,422 | 3,490 | 3,639 | 3,646 | 3,647 | 3,718 | ||
| Intangible assets, net (including goodwill) | 819 | 932 | 861 | 882 | 891 | 990 | 900 | ||
| Goodwill | 680 | 692 | 704 | 715 | 718 | 716 | 717 | ||
| Intangible assets, net (excluding goodwill) | 139 | 240 | 157 | 167 | 173 | 274 | 183 | ||
| Other noncurrent assets | 625 | 644 | 657 | 701 | 700 | 713 | 1,102 | ||
| Defined benefit plan, assets for plan benefits | 1,401 | 1,374 | 1,567 | 1,533 | 1,507 | 1,475 | 1,420 | ||
| Other undisclosed noncurrent assets | 1,119 | 1,018 | 1,101 | 1,091 | 1,085 | 984 | (183) | ||
| Total noncurrent assets: | 7,270 | 7,390 | 7,676 | 7,846 | 7,829 | 7,809 | 6,957 | ||
| TOTAL ASSETS: | 9,133 | 9,364 | 9,704 | 9,818 | 9,755 | 10,285 | 8,896 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 841 | 1,185 | 977 | 1,030 | 952 | 1,426 | 964 | ||
| Interest and dividends payable | 61 | ||||||||
| Taxes payable | 36 | 174 | |||||||
| Employee-related liabilities | 160 | 155 | |||||||
| Accounts payable | 519 | 540 | 549 | 599 | 560 | 563 | 566 | ||
| Accrued liabilities | 322 | 388 | 428 | 431 | 392 | 534 | 398 | ||
| Debt | 74 | 82 | 87 | 88 | 85 | 79 | 89 | ||
| Restructuring reserve | 9 | ✕ | ✕ | ||||||
| Disposal group, including discontinued operation | 19 | ||||||||
| Other undisclosed current liabilities | 22 | (266) | (329) | ||||||
| Total current liabilities: | 937 | 1,029 | 1,064 | 1,118 | 1,037 | 1,176 | 1,053 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 1,810 | 1,790 | 1,799 | 1,787 | 1,849 | 1,816 | 2,038 | ||
| Other undisclosed long-term debt and lease obligation | 1,810 | 1,790 | 1,799 | 1,787 | 1,849 | 1,816 | 2,038 | ||
| Liabilities, other than long-term debt | 1,997 | 2,032 | 2,058 | 2,111 | 2,098 | 2,082 | 2,361 | ||
| Deferred tax liabilities, net | 1,319 | 1,330 | 1,370 | 1,357 | 1,353 | 1,348 | 1,092 | ||
| Disposal group, including discontinued operation, liabilities | 6 | 7 | |||||||
| Other liabilities | 672 | 695 | 688 | 754 | 745 | 734 | 1,269 | ||
| Other undisclosed noncurrent liabilities | 1,106 | 1,105 | 1,112 | 1,112 | 1,112 | 1,112 | |||
| Total noncurrent liabilities: | 4,913 | 4,927 | 4,969 | 5,010 | 5,059 | 5,010 | 4,399 | ||
| Total liabilities: | 5,850 | 5,956 | 6,033 | 6,128 | 6,096 | 6,186 | 5,452 | ||
| Equity | |||||||||
| Equity, attributable to parent | 3,130 | 3,254 | 3,512 | 3,533 | 3,500 | 3,944 | 3,442 | ||
| Common stock | 2 | 2 | 2 | 2 | 2 | 2 | 2 | ||
| Additional paid in capital | 2,902 | 2,872 | 2,896 | 2,925 | 2,897 | 3,172 | 3,291 | ||
| Accumulated other comprehensive loss | (631) | (486) | (241) | (144) | (160) | (180) | (188) | ||
| Retained earnings | 857 | 866 | 855 | 750 | 761 | 950 | 337 | ||
| Equity, attributable to noncontrolling interest | 153 | 154 | 159 | 157 | 159 | 155 | 2 | ||
| Total equity: | 3,283 | 3,408 | 3,671 | 3,690 | 3,659 | 4,099 | 3,444 | ||
| TOTAL LIABILITIES AND EQUITY: | 9,133 | 9,364 | 9,704 | 9,818 | 9,755 | 10,285 | 8,896 | ||
Income Statement (P&L) ($ in millions) Annual | Quarterly
| 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) | 1,282 | 1,374 | 1,468 | 1,467 | 1,322 | 1,177 | 1,434 | |
| Other undisclosed gross profit | (4,465) | (4,429) | ||||||
| Gross profit: | 1,282 | (3,091) | 1,468 | 1,467 | 1,322 | (3,252) | 1,434 | |
| Operating expenses | (170) | (1) | (13) | (66) | 5 | |||
| Operating income (loss): | 1,282 | (3,261) | 1,467 | 1,467 | 1,309 | (3,318) | 1,439 | |
| Nonoperating income | 14 | 17 | 15 | 12 | 11 | 13 | ||
| Investment income, nonoperating | 14 | 15 | 15 | 14 | 13 | |||
| Gain (loss), foreign currency transaction, before tax | 2 | (2) | (2) | |||||
| Interest and debt expense | (52) | (53) | (54) | (53) | (53) | (41) | (39) | |
| Income (loss) from continuing operations before equity method investments, income taxes: | 1,244 | (3,297) | 1,428 | 1,426 | 1,267 | (3,346) | 1,400 | |
| Other undisclosed income (loss) from continuing operations before income taxes | (1,200) | 3,394 | (1,280) | (1,320) | (1,221) | 3,351 | (1,265) | |
| Income from continuing operations before income taxes: | 44 | 97 | 148 | 106 | 46 | 5 | 135 | |
| Income tax expense (benefit) | (13) | (28) | (41) | (33) | (15) | 158 | (55) | |
| Income from continuing operations: | 31 | 69 | 107 | 73 | 31 | 163 | 80 | |
| Income before gain (loss) on sale of properties: | 33 | 69 | 108 | 73 | 31 | 678 | 80 | |
| Income from discontinued operations | 2 | 1 | 515 | |||||
| Net income: | 33 | 69 | 108 | 73 | 31 | 678 | 80 | |
| Net loss attributable to noncontrolling interest | (16) | (2) | (1) | |||||
| Net income available to common stockholders, diluted: | 33 | 53 | 106 | 73 | 31 | 677 | 80 | |
Comprehensive Income ($ in millions)Annual | Quarterly
| 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: | 33 | 69 | 108 | 73 | 31 | 678 | 80 | |
| Other comprehensive income (loss) | (145) | (245) | (97) | 16 | 20 | 8 | 37 | |
| Comprehensive income (loss): | (112) | (176) | 11 | 89 | 51 | 686 | 117 | |
| 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: | (112) | (192) | 9 | 89 | 51 | 685 | 117 | |
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.