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)

9/30/2023
MRQ
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 investments12312811520617192
Cash and cash equivalents12312811520617192
Receivables259262222279308285
Inventory, net of allowances, customer advances and progress billings1129584123130128
Inventory1129584123130128
Disposal group, including discontinued operation      409
Other undisclosed current assets452521352721
Total current assets:538510443642636934
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 81907132
Operating lease, right-of-use asset199177181203
Property, plant and equipment     625584
Intangible assets, net (including goodwill)2,1882,2912,2721,8771,8831,856
Goodwill1,2931,3211,2841,1761,1441,105
Intangible assets, net (excluding goodwill)895970988701739751
Regulated entity, other noncurrent assets 14171514  
Disposal group, including discontinued operation, noncurrent assets      678
Other noncurrent assets282724213239
Other undisclosed noncurrent assets61961159960202
Total noncurrent assets:3,1293,2143,1622,7492,5403,159
TOTAL ASSETS:3,6673,7233,6053,3913,1764,093
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:425438388466469413
Interest and dividends payable915242419
Taxes payable2425172213
Employee-related liabilities5256594748
Accounts payable 164181135200206197
Accrued liabilities1828871707270
Other undisclosed accounts payable and accrued liabilities798386959867
Debt23024012610092225
Disposal group, including discontinued operation      295
Other undisclosed current liabilities36323642  
Total current liabilities:691710549608561933
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,3511,5461,4711,2601,2501,543
Long-term debt, excluding current maturities1,2841,3211,345  1,543
Finance lease, liability 67765825
Other undisclosed long-term debt and lease obligation   671,0681,250 
Liabilities, other than long-term debt410224216189194212
Deferred tax liabilities, net12498
Deferred income tax liabilities170159148127
Disposal group, including discontinued operation, liabilities      46
Other liabilities656568627068
Operating lease, liability175149 168
Other undisclosed noncurrent liabilities (67)(76)22168 519
Total noncurrent liabilities:1,6941,6941,7091,6171,4442,274
Total liabilities:2,3842,4032,2582,2252,0053,207
Equity
Equity, attributable to parent1,2831,3201,3471,1661,170880
Common stock1,2831,2871,268892899917
Additional paid in capital918685777469
Accumulated other comprehensive loss(82)(69)(87)(69)(102)(94)
Retained earnings (accumulated deficit)(9)1681265299(12)
Equity, attributable to noncontrolling interest      6
Total equity:1,2831,3201,3471,1661,170886
TOTAL LIABILITIES AND EQUITY:3,6673,7233,6053,3913,1764,093

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues2,2152,0731,9542,3952,3732,270
Revenue, net2,270
Cost of revenue(922)(916)(840)(1,167)(1,197)(1,142)
Gross profit:1,2931,1571,1141,2281,1761,128
Operating expenses(1,166)(1,054)(1,166)(1,137)(1,117)(1,079)
Other undisclosed operating income      
Operating income (loss):128103(52)905949
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(9)(28)(19)(3)433
Interest and debt expense(70)(69)(82)(78)(78)(86)
Income (loss) from continuing operations before income taxes:496(153)924(34)
Income tax expense (benefit)(20)(10)(4)(10)530
Income (loss) from continuing operations:30(3)(157)(0)29(4)
Income (loss) before gain (loss) on sale of properties:(3)(132)33847
Income from discontinued operations   25335511
Net income (loss):30(3)(132)33847
Net loss attributable to noncontrolling interest     (1)(9)
Net income (loss) available to common stockholders, diluted:30(3)(132)3383(1)

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):30(3)(132)33847
Other comprehensive income (loss)0 (18)33(7)24
Comprehensive income (loss):30(3)(150)3637631
Comprehensive loss, net of tax, attributable to noncontrolling interest     (1)(9)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(13)18    
Comprehensive income (loss), net of tax, attributable to parent:1714(150)3637622

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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