Quad/Graphics, Inc. (QUAD) Financial Statements (2025 and earlier)

Company Profile

Business Address N61 W23044 HARRY'S WAY
SUSSEX, WI 53089-3995
State of Incorp. WI
Fiscal Year End December 31
Industry (SIC) 275 - Commercial Printing (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2025
MRQ
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2953251805579
Cash and cash equivalent2953251805579
Receivables273316373362399456
Inventory, net of allowances, customer advances and progress billings162179261226170211
Inventory162179261226170211
Disposal group, including discontinued operation      57
Asset, held-for-sale, not part of disposal group     5 
Other current assets      109
Other undisclosed current assets7040464150 
Total current assets:534588705809679911
Noncurrent Assets
Operating lease, right-of-use asset79971111268198
Property, plant and equipment5006216727278841,037
Long-term investments and receivables     34
Long-term investments     34
Intangible assets, net (including goodwill)108125133162207240
Goodwill1001038686103103
Intangible assets, net (excluding goodwill)7224775104137
Disposal group, including discontinued operation, noncurrent assets      1
Other noncurrent assets7980816773128
Total noncurrent assets:7659229971,0811,2491,506
TOTAL ASSETS:1,2991,5101,7021,8901,9282,417
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities646611706682631720
Accounts payable357374457367320417
Accrued liabilities289238249314311303
Debt29154622472478
Disposal group, including discontinued operation      16
Self insurance reserve 677   
Other liabilities      303
Other undisclosed current liabilities1819212828(303)
Total current liabilities:699791795957683813
Noncurrent Liabilities
Long-term debt and lease obligation3503695086569591,135
Long-term debt, excluding current maturities3493635075559031,059
Finance lease, liability162126
Liabilities, other than long-term debt, including:200231225140201224
Deferred income tax liabilities3591243
Disposal group, including discontinued operation, liabilities      1
Other liabilities135149129128197221
Operating lease, liability6177871005570
Other undisclosed liabilities, other than long-term debt      (1)
Other undisclosed noncurrent liabilities      1
Total noncurrent liabilities:5505997347961,1601,359
Total liabilities:1,2491,3901,5291,7531,8432,173
Equity
Equity, attributable to parent, including:4911817213784227
Treasury stock, value(28)(33)(24)(15)(13)(32)
Additional paid in capital843843842839833847
Accumulated other comprehensive loss(131)(118)(128)(161)(171)(167)
Accumulated deficit(635)(574)(519)(528)(566)(424)
Other undisclosed equity, attributable to parent   111
Equity, attributable to noncontrolling interest     118
Other undisclosed equity 111   
Total equity:5012017313785244
TOTAL LIABILITIES AND EQUITY:1,2991,5101,7021,8901,9282,417

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

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues2,6722,9583,2172,9602,9303,923
Cost of revenue(2,092)(2,381)(2,619)(2,421)(2,335)(3,192)
Cost of product and service sold(2,092)(2,381)(2,619)(2,390)(2,335)(3,192)
Gross profit:580577598539595731
Operating expenses(561)(551)(545)(447)(641)(697)
Operating income (loss):19265493(46)35
Interest and debt expense (0)(70)(48)(60)(71)(121)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  1315116
Income (loss) from continuing operations before equity method investments, income taxes:19(44)1847(106)(80)
Income (loss) from equity method investments    0(0)(0)
Other undisclosed income (loss) from continuing operations before income taxes(63)2    
Income (loss) from continuing operations before income taxes:(45)(43)1847(106)(80)
Income tax expense (benefit)(6)(13)(8)(10)(0)24
Income (loss) from continuing operations:(51)(55)938(107)(56)
Income (loss) before gain (loss) on sale of properties:38(129)(156)
Loss from discontinued operations     (22)(101)
Net income (loss):(51)(55)938(129)(156)
Net income attributable to noncontrolling interest     0 
Net income (loss) available to common stockholders, diluted:(51)(55)938(128)(156)

Comprehensive Income ($ in millions)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income (loss):(51)(55)938(129)(156)
Other comprehensive income (loss)(14)113310(4)(15)
Comprehensive income (loss):(65)(45)4248(133)(171)
Comprehensive income, net of tax, attributable to noncontrolling interest     0 
Comprehensive income (loss), net of tax, attributable to parent:(65)(45)4248(132)(171)

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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