Sylvamo Corporation (SLVM) Financial Statements (2024 and earlier)

Company Profile

Business Address 6077 PRIMACY PARKWAY
MEMPHIS, TN 38119
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 2621 - Paper Mills (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:220360180
Short-term investments1098078
Other undisclosed cash, cash equivalents, and short-term investments111280102
Receivables428450490
Inventory, net of allowances, customer advances and progress billings404364342
Inventory404364342
Contract with customer, asset, after allowance for credit loss273029
Other current assets543967
Other undisclosed current assets60  
Total current assets:1,1931,2431,108
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization222429
Operating lease, right-of-use asset583541
Property, plant and equipment   
Intangible assets, net (including goodwill)145135141
Goodwill139128132
Intangible assets, net (excluding goodwill) 679
Other undisclosed noncurrent assets1,4541,2731,278
Total noncurrent assets:1,6791,4671,489
TOTAL ASSETS:2,8722,7102,597
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities484534496
Employee-related liabilities51
Accounts payable421453445
Accrued liabilities6381 
Debt282942
Other liabilities183165220
Total current liabilities:695728758
Noncurrent Liabilities
Long-term debt and lease obligation, including:9311,0031,358
Finance lease, liability141418
Other undisclosed long-term debt and lease obligation9179891,314
Liabilities, other than long-term debt345301299
Deferred income tax liabilities189183169
Other liabilities156118130
Operating lease, liability   26
Total noncurrent liabilities:1,2761,3041,657
Total liabilities:1,9712,0322,415
Equity
Equity, attributable to parent901678182
Common stock454444
Treasury stock, value(158)(82) 
Additional paid in capital48254
Accumulated other comprehensive loss(1,256)(1,338)(1,801)
Retained earnings2,2222,0291,935
Total equity:901678182
TOTAL LIABILITIES AND EQUITY:2,8722,7102,597

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Revenues3,7213,6283,502
Cost of revenue
(Cost of Goods and Services Sold)
(2,809)(2,619)(2,298)
Gross profit:9121,0091,204
Operating expenses(343)(325)(213)
Operating income:569684991
Interest and debt expense(64)(80)(32)
Income from continuing operations before equity method investments, income taxes:505604959
Other undisclosed loss from continuing operations before income taxes(136)(137)(499)
Income from continuing operations before income taxes:369467460
Income tax expense(116)(131)(129)
Income from continuing operations:253336331
Income before gain (loss) on sale of properties:331
Net income:253336331
Other undisclosed net loss attributable to parent  (218) 
Net income available to common stockholders, diluted:253118331

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Net income:253336331
Other comprehensive income (loss) 1(1) 
Other undisclosed comprehensive income   
Comprehensive income:254335331
Other undisclosed comprehensive income (loss), net of tax, attributable to parent81(129)(178)
Comprehensive income, net of tax, attributable to parent:335206153

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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