Sealed Air Corporation (SEE) financial statements (2021 and earlier)

Company profile

Business Address 2415 CASCADE POINTE BOULEVARD
CHARLOTTE, NC 28208
State of Incorp. DE
Fiscal Year End December 31
SIC 282 - Plastics Materials And Synthetic Resins, Synthetic (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments262200222236272191180
Cash and cash equivalents262200222236272191180
Receivables670572630593613630615
Inventory, net of allowances, customer advances and progress billings570618596597545605580
Inventory570618596597545605580
Disposal group, including discontinued operation3 11111
Other undisclosed current assets59201127128125168155
Total current assets:1,5641,5911,5771,5551,5551,5951,531
Noncurrent Assets
Operating lease, right-of-use asset9080  
Property, plant and equipment1,1421,1161,0501,0261,0361,022984
Intangible assets, net (including goodwill)2,3992,3952,0582,0532,0492,0542,018
Goodwill2,2172,2131,9571,9501,9481,9521,932
Intangible assets, net (excluding goodwill)18218210110310210286
Deferred income tax assets239176176 
Other noncurrent assets332318357354239212213
Other undisclosed noncurrent assets (4,057) 166171114114
Total noncurrent assets:4,201283,6403,6003,4953,4023,328
Other undisclosed assets 4,057     
TOTAL ASSETS:5,7655,6765,2175,1555,0504,9974,859
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities751735778794789834855
Accounts payable739713753769765775791
Taxes payable12222525245965
Debt116219297283 313119
Restructuring reserve30415236341920
Other liabilities514482461368429400380
Other undisclosed current liabilities2625  238  
Total current liabilities:1,4361,5021,5871,4811,4891,5671,374
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,6993,6943,2923,2853,2373,2433,217
Long-term debt, excluding current maturities313,694868429276
Finance lease, liability293027 
Operating lease, liability665755 
Other undisclosed long-term debt and lease obligation3,573(88)3,1243,2013,2073,2153,211
Liabilities, other than long-term debt772727679661674615621
Asset retirement obligations11      
Deferred tax liabilities, net20  
Deferred income tax liabilities312021 
Other liabilities730707658661653615621
Other undisclosed noncurrent liabilities5557 21 1919
Total noncurrent liabilities:4,5254,4783,9703,9663,9103,8763,858
Total liabilities:5,9615,9815,5585,4475,3995,4435,232
Stockholders' equity
Stockholders' equity attributable to parent(196)(304)(341)(292)(349)(446)(372)
Common stock23232323232323
Treasury stock, value(3,382)(3,382)(3,382)(3,333)(3,337)(3,288)(3,165)
Additional paid in capital2,0742,0652,0532,0482,0502,0432,035
Accumulated other comprehensive loss(909)(929)(911)(899)(920)(871)(859)
Retained earnings1,9991,9191,8761,8681,8361,6471,593
Total stockholders' equity:(196)(304)(341)(292)(349)(446)(372)
TOTAL LIABILITIES AND EQUITY:5,7655,6765,2175,1555,0504,9974,859

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues1,2991,2191,1611,1131,2601,1861,155
Revenue, net71,155
Cost of revenue(870)(827)(783)(748)(861)(821)(792)
Gross profit:429392378365399366364
Operating expenses(226)(231)(271)(212)(203)(192)(193)
Other undisclosed operating income (loss)2(7)(29)(12)(30)(10)(11)
Operating income:20515478141165163160
Nonoperating income (expense)(21)(2)4(1)2(9)1
Foreign currency transaction gain (loss), before tax(4)(2)(2)(1)18(4)(2)
Other nonoperating income (expense)01612(3)2
Interest and debt expense(48)(49)(43)(45)(47)(45)(45)
Income from continuing operations before equity method investments, income taxes:1371043996121109117
Other undisclosed loss from continuing operations before income taxes(1)(1)(1)(1)(3)  
Income from continuing operations before income taxes:1361023895119109117
Income tax expense (benefit)(11)(23)(12)(30)81(33)(34)
Net income:1248026641997683
Other undisclosed net income (loss) attributable to parent(20)(12)8(7)1331
Net income attributable to parent:10468335820079114
Undistributed earnings (loss) allocated to participating securities, basic (0) (0)   
Other undisclosed net loss available to common stockholders, basic(0) (0) (1)(0)(1)
Net income available to common stockholders, basic:10468335720079114
Dilutive securities, effect on basic earnings per share00 0 00
Other undisclosed net loss available to common stockholders, diluted(0)(0) (0) (0)(0)
Net income available to common stockholders, diluted:10468335720079114

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:1248026641997683
Other comprehensive income (loss)20(17)(13)22(36)(12)(33)
Comprehensive income:1446213861636450
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(20)(12)8(7)1331
Comprehensive income, net of tax, attributable to parent:1245120791646781

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.

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