Primo Water Corporation (PRMW) Financial Statements (2024 and earlier)

Company Profile

Business Address 1150 ASSEMBLY DR.
TAMPA, FL 33607
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 2086 - Bottled and Canned Soft Drinks and Carbonated Waters (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments508123128115206171
Cash and cash equivalents508123128115206171
Receivables156259262222279308
Inventory, net of allowances, customer advances and progress billings471129584123130
Inventory471129584123130
Disposal group, including discontinued operation129     
Other undisclosed current assets264525213527
Total current assets:866538510443642636
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 4581907132
Operating lease, right-of-use asset136199177181203
Property, plant and equipment      625
Intangible assets, net (including goodwill)1,7192,1882,2912,2721,8771,883
Goodwill1,0051,2931,3211,2841,1761,144
Intangible assets, net (excluding goodwill)714895970988701739
Regulated entity, other noncurrent assets 1214171514 
Disposal group, including discontinued operation, noncurrent assets226     
Other noncurrent assets202827242132
Other undisclosed noncurrent assets5006196115996020
Total noncurrent assets:2,6573,1293,2143,1622,7492,540
TOTAL ASSETS:3,5233,6673,7233,6053,3913,176
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:276425438388466469
Interest and dividends payable9152424
Taxes payable24251722
Employee-related liabilities52565947
Accounts payable 94164181135200206
Accrued liabilities11118288717072
Other undisclosed accounts payable and accrued liabilities717983869598
Debt1423024012610092
Disposal group, including discontinued operation110     
Other undisclosed current liabilities2636323642 
Total current liabilities:426691710549608561
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,3041,3511,5461,4711,2601,250
Long-term debt, excluding current maturities1,2711,2841,3211,345  
Finance lease, liability 3367765825
Other undisclosed long-term debt and lease obligation    671,0681,250
Liabilities, other than long-term debt385410224216189194
Deferred tax liabilities, net124
Deferred income tax liabilities144170159148127
Disposal group, including discontinued operation, liabilities52     
Other liabilities646565686270
Operating lease, liability124175149 168
Other undisclosed noncurrent liabilities (33)(67)(76)22168 
Total noncurrent liabilities:1,6561,6941,6941,7091,6171,444
Total liabilities:2,0822,3842,4032,2582,2252,005
Equity
Equity, attributable to parent1,4411,2831,3201,3471,1661,170
Common stock1,2891,2831,2871,268892899
Additional paid in capital919186857774
Accumulated other comprehensive loss(105)(82)(69)(87)(69)(102)
Retained earnings (accumulated deficit)167(9)1681265299
Total equity:1,4411,2831,3201,3471,1661,170
TOTAL LIABILITIES AND EQUITY:3,5233,6673,7233,6053,3913,176

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,7722,2152,0731,9542,3952,373
Cost of revenue(635)(922)(916)(840)(1,167)(1,197)
Gross profit:1,1371,2931,1571,1141,2281,176
Operating expenses(995)(1,166)(1,054)(1,166)(1,137)(1,117)
Other undisclosed operating income21     
Operating income (loss):163128103(52)9059
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(1)(9)(28)(19)(3)43
Interest and debt expense(71)(70)(69)(82)(78)(78)
Income (loss) from continuing operations before income taxes:91496(153)924
Income tax expense (benefit)(27)(20)(10)(4)(10)5
Income (loss) from continuing operations:6430(3)(157)(0)29
Income (loss) before gain (loss) on sale of properties:(3)(132)3384
Income from discontinued operations    253355
Net income (loss):6430(3)(132)3384
Net loss attributable to noncontrolling interest      (1)
Other undisclosed net income attributable to parent174     
Net income (loss) available to common stockholders, diluted:23830(3)(132)3383

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):6430(3)(132)3384
Other comprehensive income (loss)(0)0 (18)33(7)
Comprehensive income (loss):6430(3)(150)36376
Comprehensive loss, net of tax, attributable to noncontrolling interest      (1)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent152(13)18   
Comprehensive income (loss), net of tax, attributable to parent:2151714(150)36376

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: