Pactiv Evergreen Inc. (PTVE) Financial Statements (2024 and earlier)

Company Profile

Business Address 1900 W. FIELD COURT
LAKE FOREST, IL 60045
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 2673 - Plastics, Foil, and Coated Paper Bags (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments531197458
Cash and cash equivalents531197458
Receivables494522430
Inventory, net of allowances, customer advances and progress billings1,062854784
Inventory1,062854784
Disposal group, including discontinued operation616226
Other current assets126127175
Total current assets:2,2191,8621,873
Noncurrent Assets
Operating lease, right-of-use asset262278260
Property, plant and equipment1,7731,7861,685
Intangible assets, net (including goodwill)2,8792,9392,852
Goodwill1,8151,8121,760
Intangible assets, net (excluding goodwill)1,0641,1271,092
Deferred income tax assets  77
Other noncurrent assets173149166
Total noncurrent assets:5,0875,1594,970
TOTAL ASSETS:7,3067,0216,843
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities803687645
Taxes payable810
Accounts payable388364313
Accrued liabilities415315322
Debt313015
Disposal group, including discontinued operation 33112
Due to related parties61010
Other liabilities   
Other undisclosed current liabilities716157
Total current liabilities:914819739
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,1054,2203,965
Other undisclosed long-term debt and lease obligation4,1053,9913,748
Liabilities, other than long-term debt734465848
Deferred income tax liabilities319246193
Liability, pension and other postretirement and postemployment benefits6079519
Other liabilities146140136
Operating lease, liability209229217
Other undisclosed noncurrent liabilities  229217
Total noncurrent liabilities:4,8394,9145,030
Total liabilities:5,7535,7335,769
Equity
Equity, attributable to parent1,5481,2841,071
Additional paid in capital647625614
Accumulated other comprehensive loss(102)(99)(349)
Retained earnings1,003758806
Equity, attributable to noncontrolling interest543
Total equity:1,5531,2881,074
TOTAL LIABILITIES AND EQUITY:7,3067,0216,843

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
Revenues6,2205,4374,689
Cost of revenue
(Cost of Goods and Services Sold)
(5,223)(4,863)(3,969)
Gross profit:997574720
Operating expenses(583)(466)(476)
Other operating income (expense), net28120(33)
Other undisclosed operating loss(58)(9)(28)
Operating income:637119183
Nonoperating income (expense)4910166
Investment income, nonoperating33221
Gain (loss), foreign currency transaction, before tax(2)1(2)
Other nonoperating expense(2)(4)(1)
Interest and debt expense 1117
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  (388)
Income (loss) from continuing operations before equity method investments, income taxes:687221(122)
Other undisclosed loss from continuing operations before income taxes(219)(192) 
Income (loss) from continuing operations before income taxes:46829(122)
Income tax expense (benefit)(149)4112
Income (loss) from continuing operations:31933(10)
Income (loss) before gain (loss) on sale of properties:25(25)
Income (loss) from discontinued operations1(8)(15)
Net income (loss):32025(25)
Net loss attributable to noncontrolling interest(2)(2)(2)
Net income (loss) attributable to parent:31823(27)
Other undisclosed net loss available to common stockholders, basic(2)  
Net income (loss) available to common stockholders, diluted:31623(27)

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
Net income (loss):32025(25)
Other comprehensive income (loss)(3)2508
Comprehensive income (loss):317275(17)
Comprehensive loss, net of tax, attributable to noncontrolling interest(2)(2)(2)
Comprehensive income (loss), net of tax, attributable to parent:315273(19)

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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