Pactiv Evergreen Inc. (PTVE) Financial Statements (2025 and earlier)

Company Profile

Business Address 1900 W. FIELD COURT
LAKE FOREST, IL 60045
State of Incorp.
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)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9571164233302427
Cash and cash equivalents9571164233302427
Receivables523510461508506550
Inventory, net of allowances, customer advances and progress billings881911852846927983
Inventory881911852846927983
Disposal group, including discontinued operation   7  
Other current assets116111112109114109
Total current assets:1,6151,6031,5891,7031,8492,069
Noncurrent Assets
Operating lease, right-of-use asset272282263276268255
Property, plant and equipment1,4731,4881,5111,4691,4881,675
Intangible assets, net (including goodwill)2,7892,8042,8192,8342,8492,864
Goodwill1,8151,8151,8151,8151,8151,815
Intangible assets, net (excluding goodwill)9749891,0041,0191,0341,049
Other noncurrent assets213209213164176172
Total noncurrent assets:4,7474,7834,8064,7434,7814,966
TOTAL ASSETS:6,3626,3866,3956,4466,6307,035
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities688678699776754809
Accounts payable367334300329352379
Accrued liabilities321344399447402430
Debt201715181818
Restructuring reserve28 36   
Disposal group, including discontinued operation      
Other liabilities787108 
Due to related parties17
Other undisclosed current liabilities508939686572
Total current liabilities:793792796872845916
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,5723,5683,5713,5933,8224,004
Other undisclosed long-term debt and lease obligation3,5723,5683,5713,5933,8224,004
Liabilities, other than long-term debt661678679677678705
Deferred income tax liabilities226235244255255278
Liability, pension and other postretirement and postemployment benefits575757595959
Other liabilities155154161138144163
Operating lease, liability223232217225220205
Total noncurrent liabilities:4,2334,2464,2504,2704,5004,709
Total liabilities:5,0265,0385,0465,1425,3455,625
Equity
Equity, attributable to parent1,3321,3441,3451,3001,2821,406
Additional paid in capital685679676669660650
Accumulated other comprehensive loss(50)(32)(37)(73)(71)(95)
Retained earnings697697706704693851
Equity, attributable to noncontrolling interest444434
Total equity:1,3361,3481,3491,3041,2851,410
TOTAL LIABILITIES AND EQUITY:6,3626,3866,3956,4466,6307,035

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

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Revenues1,3381,2521,2741,3791,4261,431
Cost of revenue
(Cost of Goods and Services Sold)
(1,115)(1,031)(1,021)(1,098)(1,342)(1,316)
Gross profit:22322125328184115
Operating expenses(129)(133)(133)(137)(136)(130)
Other operating income (expense), net231(3)4 
Other undisclosed operating income (loss)1(17)(38)(28)(32)(73)
Operating income (loss):977483113(80)(88)
Nonoperating income (expense)21(2)(2)(3)(1)
Investment income, nonoperating112335
Gain (loss), foreign currency transaction, before tax1 (2)(2)2(4)
Other nonoperating expense      (1)
Interest and debt expense (6)     
Income (loss) from continuing operations before equity method investments, income taxes:937581111(83)(89)
Other undisclosed loss from continuing operations before income taxes(62)(60)(57)(61)(64)(63)
Income (loss) from continuing operations before income taxes:31152450(147)(152)
Income tax expense (benefit)(11)(5)(2)(22)819
Income (loss) from continuing operations:20102228(139)(133)
Income from discontinued operations    2  
Net income (loss):20102230(139)(133)
Net loss attributable to noncontrolling interest (1)(1)(1)(1) (1)
Net income (loss) attributable to parent:1992129(139)(134)
Other undisclosed net loss available to common stockholders, basic  (2)(1) (1)(1)
Net income (loss) available to common stockholders, diluted:1972029(140)(135)

Comprehensive Income ($ in millions)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Net income (loss):20102230(139)(133)
Other comprehensive income (loss)(18)536(2)247
Comprehensive income (loss):2155828(115)(126)
Comprehensive loss, net of tax, attributable to noncontrolling interest (1)(1)(1)(1) (1)
Comprehensive income (loss), net of tax, attributable to parent:1145727(115)(127)

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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