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 investments | 29 | 53 | 25 | 180 | 55 | 79 | |||
| Cash and cash equivalent | 29 | 53 | 25 | 180 | 55 | 79 | |||
| Receivables | 273 | 316 | 373 | 362 | 399 | 456 | |||
| Inventory, net of allowances, customer advances and progress billings | 162 | 179 | 261 | 226 | 170 | 211 | |||
| Inventory | 162 | 179 | 261 | 226 | 170 | 211 | |||
| Disposal group, including discontinued operation | 57 | ||||||||
| Asset, held-for-sale, not part of disposal group | 5 | ||||||||
| Other current assets | 109 | ||||||||
| Other undisclosed current assets | 70 | 40 | 46 | 41 | 50 | ||||
| Total current assets: | 534 | 588 | 705 | 809 | 679 | 911 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 79 | 97 | 111 | 126 | 81 | 98 | |||
| Property, plant and equipment | 500 | 621 | 672 | 727 | 884 | 1,037 | |||
| Long-term investments and receivables | 3 | 4 | |||||||
| Long-term investments | 3 | 4 | |||||||
| Intangible assets, net (including goodwill) | 108 | 125 | 133 | 162 | 207 | 240 | |||
| Goodwill | 100 | 103 | 86 | 86 | 103 | 103 | |||
| Intangible assets, net (excluding goodwill) | 7 | 22 | 47 | 75 | 104 | 137 | |||
| Disposal group, including discontinued operation, noncurrent assets | 1 | ||||||||
| Other noncurrent assets | 79 | 80 | 81 | 67 | 73 | 128 | |||
| Total noncurrent assets: | 765 | 922 | 997 | 1,081 | 1,249 | 1,506 | |||
| TOTAL ASSETS: | 1,299 | 1,510 | 1,702 | 1,890 | 1,928 | 2,417 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 646 | 611 | 706 | 682 | 631 | 720 | |||
| Accounts payable | 357 | 374 | 457 | 367 | 320 | 417 | |||
| Accrued liabilities | 289 | 238 | 249 | 314 | 311 | 303 | |||
| Debt | 29 | 154 | 62 | 247 | 24 | 78 | |||
| Disposal group, including discontinued operation | 16 | ||||||||
| Self insurance reserve | 6 | 7 | 7 | ||||||
| Other liabilities | 303 | ||||||||
| Other undisclosed current liabilities | 18 | 19 | 21 | 28 | 28 | (303) | |||
| Total current liabilities: | 699 | 791 | 795 | 957 | 683 | 813 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 350 | 369 | 508 | 656 | 959 | 1,135 | |||
| Long-term debt, excluding current maturities | 349 | 363 | 507 | 555 | 903 | 1,059 | |||
| Finance lease, liability | 1 | 6 | 2 | 1 | 2 | 6 | |||
| Liabilities, other than long-term debt, including: | 200 | 231 | 225 | 140 | 201 | 224 | |||
| Deferred income tax liabilities | 3 | 5 | 9 | 12 | 4 | 3 | |||
| Disposal group, including discontinued operation, liabilities | 1 | ||||||||
| Other liabilities | 135 | 149 | 129 | 128 | 197 | 221 | |||
| Operating lease, liability | 61 | 77 | 87 | 100 | 55 | 70 | |||
| Other undisclosed liabilities, other than long-term debt | (1) | ||||||||
| Other undisclosed noncurrent liabilities | 1 | ||||||||
| Total noncurrent liabilities: | 550 | 599 | 734 | 796 | 1,160 | 1,359 | |||
| Total liabilities: | 1,249 | 1,390 | 1,529 | 1,753 | 1,843 | 2,173 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 49 | 118 | 172 | 137 | 84 | 227 | |||
| Treasury stock, value | (28) | (33) | (24) | (15) | (13) | (32) | |||
| Additional paid in capital | 843 | 843 | 842 | 839 | 833 | 847 | |||
| Accumulated other comprehensive loss | (131) | (118) | (128) | (161) | (171) | (167) | |||
| Accumulated deficit | (635) | (574) | (519) | (528) | (566) | (424) | |||
| Other undisclosed equity, attributable to parent | 1 | 1 | 1 | ||||||
| Equity, attributable to noncontrolling interest | 1 | 18 | |||||||
| Other undisclosed equity | 1 | 1 | 1 | ||||||
| Total equity: | 50 | 120 | 173 | 137 | 85 | 244 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,299 | 1,510 | 1,702 | 1,890 | 1,928 | 2,417 | |||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,672 | 2,958 | 3,217 | 2,960 | 2,930 | 3,923 | ||
| 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: | 580 | 577 | 598 | 539 | 595 | 731 | ||
| Operating expenses | (561) | (551) | (545) | (447) | (641) | (697) | ||
| Operating income (loss): | 19 | 26 | 54 | 93 | (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 | 13 | 15 | 11 | 6 | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 19 | (44) | 18 | 47 | (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) | 18 | 47 | (106) | (80) | ||
| Income tax expense (benefit) | (6) | (13) | (8) | (10) | (0) | 24 | ||
| Income (loss) from continuing operations: | (51) | (55) | 9 | 38 | (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) | 9 | 38 | (129) | (156) | ||
| Net income attributable to noncontrolling interest | 0 | |||||||
| Net income (loss) available to common stockholders, diluted: | (51) | (55) | 9 | 38 | (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) | 9 | 38 | (129) | (156) | ||
| Other comprehensive income (loss) | (14) | 11 | 33 | 10 | (4) | (15) | ||
| Comprehensive income (loss): | (65) | (45) | 42 | 48 | (133) | (171) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 0 | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (65) | (45) | 42 | 48 | (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.