Sonoco Products Company (SON) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
ONE NORTH SECOND ST HARTSVILLE, SC 29551-0160 |
| State of Incorp. | SC |
| Fiscal Year End | December 31 |
| Industry (SIC) | 265 - Paperboard Containers And Boxes (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 6/30/2025 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 | 431 | 152 | 227 | 171 | 565 | 145 | |||
| Cash and cash equivalent | 431 | 152 | 227 | 171 | 565 | 145 | |||
| Receivables | 908 | 905 | 863 | 756 | 659 | 698 | |||
| Prepaid expense | 197 | 113 | 76 | 74 | 53 | 60 | |||
| Contract with customer, asset, after allowance for credit loss | 56 | 51 | 48 | 56 | |||||
| Disposal group, including discontinued operation | 451 | ||||||||
| Other undisclosed current assets | 1,192 | 880 | 1,139 | 607 | 506 | 561 | |||
| Total current assets: | 3,179 | 2,050 | 2,361 | 1,659 | 1,831 | 1,521 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 308 | 315 | 297 | 268 | 296 | 298 | |||
| Property, plant and equipment | 2,719 | 1,906 | 1,710 | 1,298 | 1,244 | 1,287 | |||
| Intangible assets, net (including goodwill) | 5,112 | 2,664 | 2,417 | 1,603 | 1,711 | 1,818 | |||
| Goodwill | 2,526 | 1,811 | 1,675 | 1,325 | 1,389 | 1,429 | |||
| Intangible assets, net (excluding goodwill) | 2,587 | 854 | 742 | 278 | 322 | 388 | |||
| Disposal group, including discontinued operation, noncurrent assets | 964 | ||||||||
| Deferred income tax assets | 17 | 31 | 30 | 26 | 42 | 47 | |||
| Other noncurrent assets | 209 | 225 | 238 | 220 | 153 | 156 | |||
| Total noncurrent assets: | 9,329 | 5,142 | 4,692 | 3,415 | 3,447 | 3,605 | |||
| TOTAL ASSETS: | 12,508 | 7,192 | 7,053 | 5,073 | 5,277 | 5,126 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,594 | 1,032 | 1,115 | 1,114 | 1,056 | 916 | |||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | 12 | 7 | 11 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 90 | 81 | 78 | ||
| Accounts payable | 1,131 | 707 | 819 | 721 | 537 | 538 | |||
| Accrued liabilities | 464 | 324 | 296 | 291 | 430 | 289 | |||
| Deferred revenue | 22 | ||||||||
| Debt | 2,055 | 47 | 502 | 412 | 456 | 488 | |||
| Restructuring reserve | 25 | 16 | 16 | ||||||
| Disposal group, including discontinued operation | 242 | ||||||||
| Other undisclosed current liabilities | 123 | 70 | 88 | ||||||
| Total current liabilities: | 4,038 | 1,165 | 1,744 | 1,526 | 1,512 | 1,404 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 4,985 | 3,036 | 2,720 | 1,199 | 1,244 | 1,193 | |||
| Long-term debt, excluding current maturities | 4,985 | 3,036 | |||||||
| Finance lease, liability | 45 | 70 | 84 | 53 | 33 | 22 | |||
| Other undisclosed long-term debt and lease obligation | (45) | (70) | 2,636 | 912 | 949 | 917 | |||
| Liabilities, other than long-term debt | 1,198 | 559 | 516 | 265 | 349 | 459 | |||
| Deferred income tax liabilities | 583 | 101 | 107 | 70 | 86 | 76 | |||
| Liability, pension and other postretirement and postemployment benefits | 181 | 143 | 120 | 158 | 172 | 305 | |||
| Disposal group, including discontinued operation, liabilities | 114 | ||||||||
| Other liabilities | 61 | 50 | 38 | 36 | 91 | 78 | |||
| Operating lease, liability | 259 | 265 | 251 | 234 | 262 | 254 | |||
| Other undisclosed noncurrent liabilities | 234 | 262 | 254 | ||||||
| Total noncurrent liabilities: | 6,183 | 3,595 | 3,236 | 1,698 | 1,855 | 1,906 | |||
| Total liabilities: | 10,222 | 4,760 | 4,980 | 3,224 | 3,367 | 3,311 | |||
| Equity | |||||||||
| Equity, attributable to parent | 2,272 | 2,424 | 2,066 | 1,837 | 1,900 | 1,803 | |||
| Common stock | 7 | 7 | 7 | 7 | 7 | 7 | |||
| Additional paid in capital | 183 | 159 | 141 | 120 | 314 | 311 | |||
| Accumulated other comprehensive income (loss) | (503) | (366) | (430) | (359) | (757) | (817) | |||
| Retained earnings | 2,584 | 2,624 | 2,348 | 2,070 | 2,335 | 2,302 | |||
| Equity, attributable to noncontrolling interest | 15 | 7 | 7 | 12 | 11 | 13 | |||
| Total equity: | 2,286 | 2,432 | 2,073 | 1,850 | 1,911 | 1,816 | |||
| TOTAL LIABILITIES AND EQUITY: | 12,508 | 7,192 | 7,053 | 5,073 | 5,277 | 5,126 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 5,305 | 6,905 | 7,402 | 5,720 | 5,374 | 5,523 | ||
| Cost of revenue (Cost of Product and Service Sold) | (4,166) | (5,346) | (5,811) | (4,529) | (4,191) | (4,316) | ||
| Other undisclosed gross profit | (124) | (151) | (130) | (136) | (148) | |||
| Gross profit: | 1,139 | 1,436 | 1,440 | 1,062 | 1,046 | 1,058 | ||
| Operating expenses | (724) | (742) | (764) | (575) | (674) | (591) | ||
| Other undisclosed operating income (loss) | (89) | 22 | (15) | |||||
| Operating income: | 327 | 716 | 675 | 487 | 358 | 467 | ||
| Nonoperating income (expense) | (90) | 36 | (2) | (564) | (27) | (19) | ||
| Investment income, nonoperating | 28 | 10 | 5 | 5 | 3 | 5 | ||
| Net periodic defined benefits expense (reversal of expense), excluding service cost component | (14) | (14) | (7) | (568) | (30) | (25) | ||
| Other nonoperating income (expense) | (104) | 40 | ||||||
| Interest and debt expense | (173) | (137) | (102) | (84) | (75) | (67) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 63 | 615 | 571 | (161) | 256 | 381 | ||
| Income from equity method investments | 10 | 10 | 14 | 11 | 5 | 5 | ||
| Income (loss) from continuing operations before income taxes: | 73 | 625 | 585 | (150) | 260 | 386 | ||
| Income tax expense (benefit) | (6) | (149) | (119) | 67 | (53) | (93) | ||
| Income (loss) from continuing operations: | 68 | 476 | 467 | (83) | 207 | 293 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (83) | 207 | 293 | |
| Income from discontinued operations | 96 | |||||||
| Other undisclosed net income | ||||||||
| Net income (loss): | 164 | 476 | 467 | (83) | 207 | 293 | ||
| Net income (loss) attributable to noncontrolling interest | (1) | (1) | (3) | 0 | (1) | |||
| Other undisclosed net income attributable to parent | 0 | |||||||
| Net income (loss) available to common stockholders, diluted: | 164 | 475 | 466 | (85) | 207 | 292 | ||
Comprehensive Income ($ in millions)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 164 | 476 | 467 | (83) | 207 | 293 | ||
| Other comprehensive income (loss) | (137) | 63 | (70) | |||||
| Other undisclosed comprehensive income (loss) | 397 | 58 | (77) | |||||
| Comprehensive income: | 27 | 539 | 397 | 314 | 265 | 216 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 0 | (1) | (1) | (2) | 2 | (0) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 0 | |||||||
| Comprehensive income, net of tax, attributable to parent: | 27 | 539 | 396 | 312 | 267 | 216 | ||
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.