Quad/Graphics, Inc. (QUAD) Financial Statements (2024 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)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5325180557970
Cash and cash equivalents5325180557970
Receivables316373362399456529
Inventory, net of allowances, customer advances and progress billings179261226170211301
Inventory179261226170211301
Disposal group, including discontinued operation     57 
Asset, held-for-sale, not part of disposal group    5  
Other current assets     10948
Other undisclosed current assets40464150  
Total current assets:588705809679911947
Noncurrent Assets
Operating lease, right-of-use asset971111268198
Property, plant and equipment6216727278841,0371,257
Long-term investments and receivables    344
Long-term investments    344
Intangible assets, net (including goodwill)125133162207240167
Goodwill103868610310355
Intangible assets, net (excluding goodwill)224775104137113
Disposal group, including discontinued operation, noncurrent assets     1 
Other noncurrent assets8081677312894
Total noncurrent assets:9229971,0811,2491,5061,523
TOTAL ASSETS:1,5101,7021,8901,9282,4172,469
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities611706682631720803
Accounts payable374457367320417511
Accrued liabilities238249314311303292
Debt15462247247848
Disposal group, including discontinued operation     16 
Self insurance reserve 77    
Other liabilities     303292
Other undisclosed current liabilities19212828(303)(292)
Total current liabilities:791795957683813851
Noncurrent Liabilities
Long-term debt and lease obligation3695086569591,135893
Long-term debt, excluding current maturities3635075559031,059883
Capital lease obligations10
Finance lease, liability62126
Liabilities, other than long-term debt, including:231225140201224265
Deferred income tax liabilities591243
Disposal group, including discontinued operation, liabilities     1 
Other liabilities149129128197221233
Operating lease, liability77871005570
Other undisclosed liabilities, other than long-term debt     (1)32
Other undisclosed noncurrent liabilities     1 
Total noncurrent liabilities:5997347961,1601,3591,158
Total liabilities:1,3901,5291,7531,8432,1732,009
Equity
Equity, attributable to parent, including:11817213784227443
Treasury stock, value(33)(24)(15)(13)(32)(57)
Additional paid in capital843842839833847861
Accumulated other comprehensive loss(118)(128)(161)(171)(167)(152)
Accumulated deficit(574)(519)(528)(566)(424)(211)
Other undisclosed equity, attributable to parent  1111
Equity, attributable to noncontrolling interest    11818
Other undisclosed equity 11    
Total equity:12017313785244460
TOTAL LIABILITIES AND EQUITY:1,5101,7021,8901,9282,4172,469

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues2,9583,2172,9602,9303,9234,194
Revenue, net4,194
Cost of revenue(2,381)(2,619)(2,421)(2,335)(3,192)(3,429)
Cost of goods and services sold(2,381)(2,619)(2,390)(2,335)(3,192)(3,429)
Gross profit:577598539595731764
Operating expenses(551)(545)(447)(641)(697)(706)
Operating income (loss):265493(46)3558
Interest and debt expense(70)(48)(60)(71)(121)(73)
Other undisclosed income from continuing operations before equity method investments, income taxes  131511612
Income (loss) from continuing operations before equity method investments, income taxes:(44)1847(106)(80)(3)
Income (loss) from equity method investments   0(0)(0)1
Other undisclosed income from continuing operations before income taxes2     
Income (loss) from continuing operations before income taxes:(43)1847(106)(80)(2)
Income tax expense (benefit)(13)(8)(10)(0)2410
Income (loss) from continuing operations:(55)938(107)(56)8
Income (loss) before gain (loss) on sale of properties:38(129)(156)8
Loss from discontinued operations    (22)(101) 
Net income (loss):(55)938(129)(156)8
Net income attributable to noncontrolling interest    0 1
Net income (loss) available to common stockholders, diluted:(55)938(128)(156)9

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(55)938(129)(156)8
Other comprehensive income (loss)113310(4)(15)(25)
Comprehensive income (loss):(45)4248(133)(171)(17)
Comprehensive income, net of tax, attributable to noncontrolling interest    0 1
Comprehensive income (loss), net of tax, attributable to parent:(45)4248(132)(171)(16)

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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