The ODP Corporation (ODP) Financial Statements (2024 and earlier)

Company Profile

Business Address 6600 NORTH MILITARY TRAIL
BOCA RATON, FL 33496
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 594 - Miscellaneous Shopping Goods Stores (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments335343403473417557
Cash and cash equivalents335343403473417557
Restricted cash and investments2211  
Receivables516524536591566572
Inventory, net of allowances, customer advances and progress billings836793828890968866
Inventory836793828890968866
Prepaid expense   3   
Contract with customer, asset, after allowance for credit loss558101114
Disposal group, including discontinued operation13110107107  
Other undisclosed current assets313624364944
Total current assets:1,7381,8131,9102,1082,0112,053
Noncurrent Assets
Operating lease, right-of-use asset893885874889904899
Property, plant and equipment347345352355461466
Intangible assets, net (including goodwill)510511510511514516
Goodwill467467464464464464
Intangible assets, net (excluding goodwill)434446475052
Deferred income tax assets158165182185207209
Other noncurrent assets315322321370377386
Total noncurrent assets:2,2232,2282,2392,3102,4632,476
TOTAL ASSETS:3,9614,0414,1494,4184,4744,529
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities870910838871945989
Taxes payable91414
Accounts payable864903821853917975
Accrued liabilities6717914 
Debt91216161718
Other liabilities9039231,0051,015955959
Other undisclosed current liabilities    (9)(14) 
Total current liabilities:1,7821,8451,8591,8931,9031,966
Noncurrent Liabilities
Long-term debt and lease obligation, including:172210172175177181
Long-term debt, excluding current maturities   1   
Finance lease, liability   24   
Other undisclosed long-term debt and lease obligation172210147(532)(547)(533)
Liabilities, other than long-term debt724715709201821
Liability, pension and other postretirement and postemployment benefits161616201821
Operating lease, liability708699693707724714
Other undisclosed noncurrent liabilities122123122831863869
Total noncurrent liabilities:1,0181,0481,0031,0261,0581,071
Total liabilities:2,8002,8932,8622,9192,9613,037
Equity
Equity, attributable to parent1,1611,1481,2871,4991,5131,492
Common stock111111
Treasury stock, value(1,162)(1,131)(928)(731)(662)(633)
Additional paid in capital2,7372,7322,7422,7332,7232,687
Accumulated other comprehensive loss(71)(75)(77)(36)(14)(1)
Accumulated deficit(344)(379)(451)(468)(535)(562)
Total equity:1,1611,1481,2871,4991,5131,492
TOTAL LIABILITIES AND EQUITY:3,9614,0414,1494,4184,4744,529

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues1,9082,1082,1062,1722,0342,178
Cost of revenue
(Cost of Goods and Services Sold)
(1,493)(1,627)(1,660)(1,686)(1,603)(1,694)
Gross profit:415481446486431484
Operating expenses(369)(386)(394)(394)(380)(398)
Other operating expense, net
(Other Expenses)
     (23) 
Other undisclosed operating income (loss)   3(8) (10)
Operating income:469555842876
Nonoperating income643643
Investment income, nonoperating222111
Other nonoperating income421532
Interest and debt expense(5)(5)(6)(1)(4)(5)
Income from continuing operations before income taxes:479452892874
Income tax expense(13)(22)(16)(22)(8)(19)
Income from continuing operations:347236672055
Income before gain (loss) on sale of properties:672055
Net income:347236672055
Other undisclosed net income (loss) attributable to parent   (19) 7 
Net income available to common stockholders, diluted:347217672755

Comprehensive Income ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:347236672055
Other comprehensive income (loss)42(41)(22)(13)5
Comprehensive income (loss):3874(5)45760
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   (19) 7 
Comprehensive income (loss), net of tax, attributable to parent:3874(24)451460

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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