Sealed Air Corporation (SEE) financial statements (2022 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)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments549317290275262200222
Cash and cash equivalents549317290275262200222
Receivables682664600582670572630
Inventory, net of allowances, customer advances and progress billings597631638568570618596
Inventory597631638568570618596
Disposal group, including discontinued operation01123 1
Other undisclosed current assets545510313459201127
Total current assets:1,8821,6671,6321,5601,5641,5911,577
Noncurrent Assets
Operating lease, right-of-use asset767782829080 
Property, plant and equipment1,1901,1361,1151,1021,1421,1161,050
Intangible assets, net (including goodwill)2,3942,3752,3682,3722,3992,3952,058
Goodwill2,2232,2082,1962,1962,2172,2131,957
Intangible assets, net (excluding goodwill)171168172176182182101
Deferred income tax assets187246236229239176176
Other noncurrent assets356326323326332318357
Other undisclosed noncurrent assets     (4,057) 
Total noncurrent assets:4,2024,1614,1244,1114,201283,640
Other undisclosed assets     4,057 
TOTAL ASSETS:6,0845,8285,7565,6715,7655,6765,217
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities774762768734751735778
Accounts payable754719724715739713753
Taxes payable20434319122225
Deferred revenue 7     
Debt3029104187116219297
Restructuring reserve12172318304152
Other liabilities527481436404514482461
Other undisclosed current liabilities241725242625 
Total current liabilities:1,3671,3131,3551,3681,4361,5021,587
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,7313,7103,6933,6873,6993,6943,292
Long-term debt, excluding current maturities25262929313,69486
Finance lease, liability242527 293027
Operating lease, liability53555960665755
Other undisclosed long-term debt and lease obligation3,6293,6043,5783,5983,573(88)3,124
Liabilities, other than long-term debt770741720738772727679
Deferred revenue 15     
Asset retirement obligations11   11  
Deferred income tax liabilities31323231312021
Other liabilities728694689707730707658
Other undisclosed noncurrent liabilities434059605557 
Total noncurrent liabilities:4,5444,4914,4724,4854,5254,4783,970
Total liabilities:5,9115,8045,8265,8535,9615,9815,558
Stockholders' equity
Stockholders' equity attributable to parent17325(70)(182)(196)(304)(341)
Common stock23232323232323
Treasury stock, value(3,381)(3,366)(3,346)(3,346)(3,382)(3,382)(3,382)
Additional paid in capital2,0932,0832,0712,0602,0742,0652,053
Accumulated other comprehensive loss(964)(999)(993)(1,018)(909)(929)(911)
Retained earnings2,4012,2842,1752,1001,9991,9191,876
Total stockholders' equity:17325(70)(182)(196)(304)(341)
TOTAL LIABILITIES AND EQUITY:6,0845,8285,7565,6715,7655,6765,217

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues1,3411,2371,1511,1741,2991,2191,161
Cost of revenue(917)(833)(761)(783)(870)(827)(783)
Gross profit:424405390391429392378
Operating expenses(204)(209)(194)(203)(226)(231)(271)
Other undisclosed operating income (loss)1(1)(10)(1)2(7)(29)
Operating income:22119518618720515478
Nonoperating income (expense)9(1)36(21)(2)4
Foreign currency transaction gain (loss), before tax(4)(1)16(4)(2)(2)
Other nonoperating income114 016
Interest and debt expense(44)(43)(43)(44)(48)(49)(43)
Income from continuing operations before equity method investments, income taxes:18615014614813710439
Other undisclosed loss from continuing operations before income taxes(2)(1)(1)(1)(1)(1)(1)
Income from continuing operations before income taxes:18514914514713610238
Income tax expense(47)(17)(45)(33)(11)(23)(12)
Net income:1381321001151248026
Other undisclosed net income (loss) attributable to parent52(0)12(20)(12)8
Net income attributable to parent:1421341001271046833
Undistributed earnings (loss) allocated to participating securities, basic0  (0) (0) 
Other undisclosed net loss available to common stockholders, basic(0)   (0) (0)
Net income available to common stockholders, basic:1421341001271046833
Dilutive securities, effect on basic earnings per share   000 
Other undisclosed net loss available to common stockholders, diluted   (0)(0)(0) 
Net income available to common stockholders, diluted:1421341001271046833

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income:1381321001151248026
Other comprehensive income (loss)35(6)25(109)20(17)(13)
Comprehensive income:17312612651446213
Other undisclosed comprehensive income (loss), net of tax, attributable to parent52(0)12(20)(12)8
Comprehensive income, net of tax, attributable to parent:178128125171245120

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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