Sealed Air Corporation (SEE) Financial Statements (2023 and Earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments561394273370549317290
Cash and cash equivalents561394273370549317290
Receivables733767745690682664600
Inventory, net of allowances, customer advances and progress billings726741731652597631638
Inventory726741731652597631638
Disposal group, including discontinued operation 3  011
Other undisclosed current assets506658475455103
Total current assets:2,0701,9711,8071,7601,8821,6671,632
Noncurrent Assets
Operating lease, right-of-use asset64687170767782
Property, plant and equipment1,2321,2091,2031,1781,1901,1361,115
Intangible assets, net (including goodwill)2,3422,3712,3832,3812,3942,3752,368
Goodwill2,1892,2132,2212,2172,2232,2082,196
Intangible assets, net (excluding goodwill)153157162164171168172
Disposal group, including discontinued operation, noncurrent assets20     
Deferred income tax assets138172179173187246236
Other noncurrent assets382369364357356326323
Total noncurrent assets:4,1604,1894,2004,1594,2024,1614,124
TOTAL ASSETS:6,2296,1606,0075,9196,0845,8285,756
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities983943904840774762768
Accounts payable960918881814754719724
Taxes payable23242326204343
Deferred revenue     7 
Debt48948823313029104
Restructuring reserve10888121723
Disposal group, including discontinued operation 1     
Other liabilities505464447424527481436
Other undisclosed current liabilities21232424241725
Total current liabilities:2,0071,9251,4061,3261,3671,3131,355
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,2203,3153,7123,7073,7313,7103,693
Long-term debt, excluding current maturities26262425252629
Finance lease, liability19202222242527
Operating lease, liability45484948535559
Other undisclosed long-term debt and lease obligation3,1303,2223,6173,6113,6293,6043,578
Liabilities, other than long-term debt717744746736770741720
Deferred revenue     15 
Asset retirement obligations8   11  
Deferred income tax liabilities47393932313232
Disposal group, including discontinued operation, liabilities1      
Other liabilities662704708704728694689
Other undisclosed noncurrent liabilities36484948434059
Total noncurrent liabilities:3,9734,1074,5074,4914,5444,4914,472
Total liabilities:5,9816,0325,9135,8175,9115,8045,826
Stockholders' equity
Stockholders' equity attributable to parent2491289410117325(70)
Common stock23232323232323
Treasury stock, value(3,755)(3,681)(3,651)(3,529)(3,381)(3,366)(3,346)
Additional paid in capital2,1232,1132,1042,0912,0932,0832,071
Accumulated other comprehensive loss(934)(968)(945)(970)(964)(999)(993)
Retained earnings2,7912,6402,5632,4862,4012,2842,175
Total stockholders' equity:2491289410117325(70)
TOTAL LIABILITIES AND EQUITY:6,2296,1606,0075,9196,0845,8285,756

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues1,5321,4071,3291,2671,3411,2371,151
Cost of revenue(1,056)(1,003)(928)(866)(917)(833)(761)
Gross profit:475404401401424405390
Operating expenses(211)(200)(202)(199)(204)(209)(194)
Other undisclosed operating income (loss)36(2)(2) 1(1)(10)
Operating income:300201197203221195186
Nonoperating income (expense)(13)(5)(0)19(1)3
Foreign currency transaction gain (loss), before tax(0)(1)(1)1(4)(1)1
Other nonoperating income0512114
Interest and debt expense(40)(42)(42)(43)(44)(43)(43)
Income from continuing operations before equity method investments, income taxes:247154154160186150146
Other undisclosed loss from continuing operations before income taxes    (2)(1)(1)
Income from continuing operations before income taxes:247154154160185149145
Income tax expense(78)(47)(46)(55)(47)(17)(45)
Net income:169108109106138132100
Other undisclosed net income (loss) attributable to parent12(0)(1)452(0)
Net income attributable to parent:181108108110142134100
Undistributed earnings (loss) allocated to participating securities, basic    0  
Other undisclosed net loss available to common stockholders, basic    (0)  
Net income available to common stockholders, diluted:181108108110142134100

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income:169108109106138132100
Other comprehensive income (loss)34(23)25(6)35(6)25
Comprehensive income:20385133100173126126
Other undisclosed comprehensive income (loss), net of tax, attributable to parent12(0)(1)452(0)
Comprehensive income, net of tax, attributable to parent:21585133104178128125

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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