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)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments403514729698658622
Cash and cash equivalents403514729698658622
Restricted cash and investments1     
Receivables5364956311,418885931
Inventory, net of allowances, customer advances and progress billings8288599301,0321,0651,093
Inventory8288599301,0321,0651,093
Prepaid expense343656
Contract with customer, asset, after allowance for credit loss816152322✕
Disposal group, including discontinued operation107469  6139
Other undisclosed current assets2432472704280
Total current assets:1,9102,3892,3553,4472,6832,871
Noncurrent Assets
Operating lease, right-of-use asset8749361,1701,413✕✕
Property, plant and equipment352477576679763725
Long-term investments and receivables     842863
Accounts and financing receivable, after allowance for credit loss     842863
Intangible assets, net (including goodwill)5105189661,3321,3361,299
Goodwill464464609944914851
Intangible assets, net (excluding goodwill)4654357388422448
Contract with customer, asset, after allowance for credit loss    1717✕
Deferred income tax assets182219162 ✕✕
Other noncurrent assets321326329257258260
Other undisclosed noncurrent assets    166267305
Total noncurrent assets:2,2392,4763,2033,8643,4833,452
TOTAL ASSETS:4,1494,8655,5587,3116,1666,323
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8389619311,1841,112897
Taxes payable✕✕1112825
Employee-related liabilities✕✕  150  
Accounts payable8219509191,0261,110892
Accrued liabilities17     
Deferred revenue    52✕✕
Debt1620241069596
Disposal group, including discontinued operation  290   67
Other liabilities1,0059941,1381,219978986
Other undisclosed current liabilities    533  
Total current liabilities:1,8592,2652,0933,0942,1852,046
Noncurrent Liabilities
Long-term debt and lease obligation, including:172228354575690936
Long-term debt, excluding current maturities 13    
Finance lease, liability2435  ✕✕
Other undisclosed long-term debt and lease obligation147190(637)(633)690936
Liabilities, other than long-term debt70924478611295
Deferred revenue  241✕✕
Contract with customer, liability✕✕✕✕✕1✕
Liability, pension and other postretirement and postemployment benefits1622438511191
Off-market lease, unfavorable      4
Operating lease, liability693 9911,208✕✕
Other undisclosed noncurrent liabilities1229101,1841,3831,0531,108
Total noncurrent liabilities:1,0031,1621,5852,0441,8552,139
Total liabilities:2,8623,4273,6785,1384,0404,185
Temporary equity, carrying amount      18
Equity
Equity, attributable to parent1,2871,4381,8802,1732,1262,120
Common stock111666
Treasury stock, value(928)(632)(355)(325)(285)(246)
Additional paid in capital2,7422,6922,6752,6472,6772,711
Accumulated other comprehensive loss(77)(6)(32)(66)(99)(78)
Accumulated deficit(451)(617)(409)(89)(173)(273)
Total equity:1,2871,4381,8802,1732,1262,120
TOTAL LIABILITIES AND EQUITY:4,1494,8655,5587,3116,1666,323

Income Statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues8,4918,4659,71010,64711,01510,240
Revenue, net✕✕✕✕✕✕10,240
Cost of revenue
(Cost of Goods and Services Sold)		(6,643)(6,602)(7,578)(8,183)(8,464)(7,779)
Gross profit:1,8481,8632,1322,4642,5512,461
Operating expenses(1,566)(1,578)(2,263)(2,157)(2,225)(2,026)
Other undisclosed operating loss(39)(51)(121)(116)(72)(94)
Operating income (loss):243234(252)191254341
Nonoperating income152511444020
Investment income, nonoperating514232522
Other nonoperating income (expense)102472115(2)
Interest and debt expense(16)(28)(54)(89)(136)(62)
Income (loss) from continuing operations before income taxes:242231(295)146158299
Income tax expense(64)(44)(24)(47)(59)(153)
Income (loss) from continuing operations:178187(319)9999146
Income (loss) before gain (loss) on sale of properties:✕✕187(319)9999146
Net income (loss):178187(319)9999146
Other undisclosed net income (loss) attributable to parent (12)(395)  535
Net income (loss) available to common stockholders, diluted:166(208)(319)99104181

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):178187(319)9999146
Other comprehensive income (loss)(71)263433(21)51
Comprehensive income (loss):107213(285)13278197
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (12)(395)  535
Comprehensive income (loss), net of tax, attributable to parent:95(182)(285)13283232

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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