Quad Graphics, Inc (QUAD) financial statements (2021 and earlier)
Company profile
| Business Address |
N61 W23044 HARRY'S WAY SUSSEX, WI 53089-3995 |
| State of Incorp. | WI |
| Fiscal Year End | December 31 |
| SIC | 275 - Commercial Printing (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 79 | 70 | 64 | 9 | 11 | 10 | 13 | ||
| Cash and cash equivalents | 79 | 70 | 64 | 9 | 11 | 10 | 13 | ||
| Restricted cash and investments | 0 | 10 | 14 | ||||||
| Receivables | 456 | 529 | 553 | 564 | 649 | 766 | 699 | ||
| Inventory, net of allowances, customer advances and progress billings | 211 | 301 | 247 | 265 | 280 | 288 | 273 | ||
| Inventory | 211 | 301 | 247 | 265 | 280 | 288 | 273 | ||
| Disposal group, including discontinued operation | 57 | ||||||||
| Assets held-for-sale | ✕ | ✕ | ✕ | ✕ | ✕ | 2 | 6 | ||
| Deferred tax assets | ✕ | 48 | 48 | ||||||
| Other current assets | 109 | 48 | 45 | 65 | 52 | 119 | |||
| Other undisclosed current assets | (0) | (10) | (14) | (50) | 36 | ||||
| Total current assets: | 911 | 947 | 909 | 903 | 991 | 1,182 | 1,074 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 98 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 1,037 | 1,257 | 1,378 | 1,520 | 1,676 | 1,856 | 1,926 | ||
| Long-term investments and receivables | 4 | 4 | 4 | 4 | 4 | 42 | 57 | ||
| Long-term investments | 4 | 4 | 4 | 4 | 4 | 42 | 57 | ||
| Intangible assets, net (including goodwill), including: | 240 | 167 | 43 | 60 | 111 | 925 | 995 | ||
| Goodwill | 103 | 55 | (808) | 776 | 773 | ||||
| Intangible assets, net (excluding goodwill) | 137 | 113 | 43 | 60 | 111 | 149 | 222 | ||
| Other undisclosed intangible assets, net (including goodwill) | 808 | ✕ | |||||||
| Restricted cash and investments | 52 | ||||||||
| Disposal group, including discontinued operation, noncurrent assets | 1 | ✕ | |||||||
| Other noncurrent assets | 128 | 94 | 119 | 84 | 66 | 73 | 62 | ||
| Deferred tax assets, net | ✕ | (384) | (395) | ||||||
| Other undisclosed noncurrent assets | 384 | 395 | |||||||
| Total noncurrent assets: | 1,506 | 1,523 | 1,544 | 1,668 | 1,856 | 2,895 | 3,091 | ||
| TOTAL ASSETS: | 2,417 | 2,469 | 2,452 | 2,570 | 2,848 | 4,077 | 4,166 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 720 | 803 | 698 | 680 | 706 | 996 | 972 | ||
| Accounts payable | 417 | 511 | 382 | 324 | 359 | 407 | 401 | ||
| Accrued liabilities | 303 | 292 | 317 | 357 | 348 | 358 | 351 | ||
| Employee-related liabilities | 191 | 174 | |||||||
| Taxes payable | 40 | 46 | |||||||
| Debt | 78 | 48 | 48 | 92 | 100 | 96 | 135 | ||
| Disposal group, including discontinued operation | 16 | ||||||||
| Other liabilities | 303 | 292 | 317 | 359 | 349 | 360 | |||
| Other undisclosed current liabilities | (303) | (292) | (317) | (357) | (348) | (590) | (218) | ||
| Total current liabilities: | 813 | 851 | 746 | 775 | 807 | 863 | 889 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,135 | 893 | 917 | 1,039 | 1,250 | 1,329 | 1,272 | ||
| Long-term debt, excluding current maturities | 1,059 | 883 | 904 | 1,020 | 1,240 | 1,320 | 1,266 | ||
| Finance lease, liability | 6 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Capital lease obligations | ✕ | 10 | 14 | 19 | 10 | 10 | 7 | ||
| Operating lease, liability | 70 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt, including: | 224 | 265 | 267 | 315 | 367 | 733 | 708 | ||
| Deferred tax liabilities, net | ✕ | 59 | 384 | 395 | |||||
| Deferred income tax liabilities | 3 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Restructuring reserve | 6 | 9 | |||||||
| Disposal group, including discontinued operation, liabilities | 1 | ||||||||
| Other liabilities | 221 | 233 | 225 | 275 | 301 | 339 | 304 | ||
| Other undisclosed liabilities, other than long-term debt | (1) | 32 | 42 | 41 | 7 | 3 | |||
| Other undisclosed noncurrent liabilities | 1 | 10 | |||||||
| Total noncurrent liabilities: | 1,359 | 1,158 | 1,184 | 1,354 | 1,616 | 2,062 | 1,989 | ||
| Total liabilities: | 2,173 | 2,009 | 1,930 | 2,129 | 2,424 | 2,925 | 2,878 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 227 | 443 | 522 | 440 | 423 | 1,153 | 1,289 | ||
| Treasury stock, value | (32) | (57) | (53) | (113) | (194) | (219) | (249) | ||
| Additional paid in capital | 847 | 861 | 861 | 912 | 957 | 971 | 983 | ||
| Accumulated other comprehensive loss | (167) | (152) | (124) | (153) | (153) | (117) | (6) | ||
| Retained earnings (accumulated deficit) | (424) | (211) | (163) | (206) | (188) | 515 | 559 | ||
| Other undisclosed stockholders' equity attributable to parent | 1 | 1 | 1 | 1 | 1 | ||||
| Stockholders' equity attributable to noncontrolling interest | 18 | 18 | (1) | ||||||
| Other undisclosed stockholders' equity | 1 | 1 | |||||||
| Total stockholders' equity: | 244 | 460 | 522 | 442 | 424 | 1,153 | 1,288 | ||
| TOTAL LIABILITIES AND EQUITY: | 2,417 | 2,469 | 2,452 | 2,570 | 2,848 | 4,077 | 4,166 | ||
Income statement (P&L) ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 3,923 | 4,194 | 4,131 | 4,330 | 4,678 | 4,862 | 4,796 | |
| Revenue, net | ✕ | 4,194 | 4,131 | 4,330 | 4,678 | 4,862 | 4,796 | |
| Cost of revenue | (3,192) | (3,429) | (3,259) | (3,395) | (4,483) | (3,892) | (3,802) | |
| Cost of goods and services sold | (3,192) | (3,429) | (3,259) | (3,395) | (3,761) | (3,892) | (3,802) | |
| Gross profit: | 731 | 764 | 872 | 935 | 194 | 971 | 994 | |
| Operating expenses | (697) | (706) | (707) | (812) | (1,024) | (921) | (939) | |
| Other undisclosed operating income | 91 | 87 | ||||||
| Operating income (loss): | 35 | 58 | 165 | 122 | (830) | 141 | 142 | |
| Nonoperating income (expense) (Foreign Currency Transaction loss, before Tax) | (6) | (6) | ||||||
| Interest and debt expense | (121) | (73) | (74) | (63) | (88) | (100) | (86) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 6 | 12 | 6 | 6 | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (80) | (3) | 91 | 59 | (918) | 41 | 57 | |
| Income (loss) from equity method investments | (0) | 1 | (1) | (6) | (3) | (3) | ||
| Income (loss) from continuing operations before income taxes: | (80) | (2) | 91 | 58 | (925) | 39 | 54 | |
| Income tax expense (benefit) | 24 | 10 | 16 | (13) | 283 | (20) | (23) | |
| Income (loss) from continuing operations: | (56) | 8 | 107 | 45 | (642) | 18 | 31 | |
| Loss from discontinued operations | (101) | |||||||
| Net income (loss): | (156) | 8 | 107 | 45 | (642) | 18 | 31 | |
| Net income attributable to noncontrolling interest | 1 | 0 | 2 | |||||
| Net income (loss) attributable to parent: | (156) | 9 | 107 | 45 | (642) | 19 | 33 | |
| Other undisclosed net loss available to common stockholders, basic | (0) | (1) | ||||||
| Net income (loss) available to common stockholders, diluted: | (156) | 9 | 107 | 45 | (642) | 18 | 31 | |
Comprehensive Income ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (156) | 8 | 107 | 45 | (642) | 18 | 31 | |
| Other comprehensive income (loss) | (15) | (25) | 28 | (0) | (36) | (111) | 55 | |
| Comprehensive income (loss): | (171) | (17) | 135 | 45 | (678) | (93) | 86 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 1 | (0) | (2) | |||||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 1 | 3 | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (171) | (16) | 135 | 45 | (678) | (92) | 87 | |
Statements sources
The financial statements are based on the company's filings with the 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.