Sonoco Products Company (SON) Financial Statements (2024 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)Annual | Quarterly
| 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 172 | 152 | 258 | 319 | 210 | 227 | |||
| Cash and cash equivalents | 172 | 152 | 258 | 319 | 210 | 227 | |||
| Receivables | 940 | 905 | 964 | 888 | 903 | 863 | |||
| Prepaid expense | 101 | 113 | 91 | 88 | 77 | 76 | |||
| Contract with customer, asset, after allowance for credit loss | 56 | ||||||||
| Other undisclosed current assets | 851 | 880 | 927 | 1,065 | 1,173 | 1,139 | |||
| Total current assets: | 2,065 | 2,050 | 2,240 | 2,360 | 2,362 | 2,361 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 333 | 315 | 312 | 287 | 289 | 297 | |||
| Property, plant and equipment | 1,922 | 1,906 | 1,826 | 1,747 | 1,718 | 1,710 | |||
| Intangible assets, net (including goodwill) | 2,624 | 2,664 | 2,636 | 2,377 | 2,397 | 2,417 | |||
| Goodwill | 1,796 | 1,811 | 1,762 | 1,682 | 1,680 | 1,675 | |||
| Intangible assets, net (excluding goodwill) | 828 | 854 | 874 | 695 | 718 | 742 | |||
| Deferred income tax assets | 28 | 31 | 31 | 31 | 48 | 30 | |||
| Other noncurrent assets | 227 | 225 | 225 | 247 | 247 | 238 | |||
| Total noncurrent assets: | 5,134 | 5,142 | 5,030 | 4,689 | 4,699 | 4,692 | |||
| TOTAL ASSETS: | 7,198 | 7,192 | 7,270 | 7,049 | 7,061 | 7,053 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,116 | 1,032 | 1,116 | 1,065 | 1,129 | 1,115 | |||
| Accounts payable | 723 | 707 | 696 | 689 | 746 | 819 | |||
| Accrued liabilities | 394 | 324 | 421 | 376 | 383 | 296 | |||
| Deferred revenue | 22 | ||||||||
| Debt | 454 | 47 | 42 | 437 | 448 | 502 | |||
| Restructuring reserve | 16 | 17 | 13 | 17 | 16 | ||||
| Other undisclosed current liabilities | 7 | 70 | 9 | 4 | 16 | 88 | |||
| Total current liabilities: | 1,577 | 1,165 | 1,185 | 1,520 | 1,609 | 1,744 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 2,630 | 3,036 | 3,212 | 2,716 | 2,718 | 2,720 | |||
| Long-term debt, excluding current maturities | 2,630 | 3,036 | 3,212 | 2,716 | 2,718 | ||||
| Finance lease, liability | 70 | 77 | 84 | ||||||
| Other undisclosed long-term debt and lease obligation | (70) | (77) | 2,636 | ||||||
| Liabilities, other than long-term debt | 563 | 559 | 533 | 514 | 528 | 516 | |||
| Deferred income tax liabilities | 100 | 101 | 98 | 110 | 128 | 107 | |||
| Liability, pension and other postretirement and postemployment benefits | 142 | 143 | 132 | 122 | 118 | 120 | |||
| Other liabilities | 38 | 50 | 41 | 40 | 39 | 38 | |||
| Operating lease, liability | 283 | 265 | 263 | 242 | 244 | 251 | |||
| Total noncurrent liabilities: | 3,193 | 3,595 | 3,746 | 3,230 | 3,246 | 3,236 | |||
| Total liabilities: | 4,771 | 4,760 | 4,931 | 4,750 | 4,856 | 4,980 | |||
| Equity | |||||||||
| Equity, attributable to parent | 2,420 | 2,424 | 2,333 | 2,292 | 2,198 | 2,066 | |||
| Common stock | 7 | 7 | 7 | 7 | 7 | 7 | |||
| Additional paid in capital | 159 | 159 | 152 | 146 | 138 | 141 | |||
| Accumulated other comprehensive loss | (385) | (366) | (420) | (373) | (395) | (430) | |||
| Retained earnings | 2,639 | 2,624 | 2,593 | 2,513 | 2,448 | 2,348 | |||
| Equity, attributable to noncontrolling interest | 7 | 7 | 7 | 7 | 7 | 7 | |||
| Total equity: | 2,427 | 2,432 | 2,339 | 2,299 | 2,206 | 2,073 | |||
| TOTAL LIABILITIES AND EQUITY: | 7,198 | 7,192 | 7,270 | 7,049 | 7,061 | 7,053 | |||
Income Statement (P&L) ($ in millions)Annual | Quarterly
| 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,638 | 1,760 | 1,710 | 1,705 | 1,730 | 1,827 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (1,300) | (1,296) | (1,346) | (1,348) | (1,355) | (1,362) | ||
| Other undisclosed gross profit | (124) | (151) | ||||||
| Gross profit: | 338 | 340 | 364 | 357 | 374 | 314 | ||
| Operating expenses | (193) | (200) | (183) | (171) | (188) | (230) | ||
| Other undisclosed operating income (loss) | (32) | (4) | (19) | 1 | 43 | 43 | ||
| Operating income: | 112 | 135 | 163 | 188 | 230 | 127 | ||
| Nonoperating income (expense) | 0 | 3 | 37 | (1) | (2) | (2) | ||
| Investment income, nonoperating | 4 | 4 | 3 | 2 | 2 | |||
| Net periodic defined benefits expense (reversal of expense), excluding service cost component | (3) | (4) | (3) | |||||
| Other nonoperating income (expense) | 3 | 37 | (3) | (4) | ||||
| Interest and debt expense | (31) | (35) | (33) | (34) | (34) | (30) | ||
| Income from continuing operations before equity method investments, income taxes: | 81 | 103 | 167 | 152 | 193 | 95 | ||
| Income from equity method investments | 1 | 2 | 4 | 3 | 2 | 4 | ||
| Income from continuing operations before income taxes: | 83 | 104 | 170 | 155 | 195 | 99 | ||
| Income tax expense | (17) | (22) | (39) | (41) | (47) | (2) | ||
| Net income: | 65 | 82 | 131 | 115 | 148 | 97 | ||
| Net income (loss) attributable to noncontrolling interest | (0) | (1) | (0) | (0) | 0 | 0 | ||
| Net income available to common stockholders, diluted: | 65 | 81 | 131 | 115 | 148 | 97 | ||
Comprehensive Income ($ in millions)Annual | Quarterly
| 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 65 | 82 | 131 | 115 | 148 | 97 | ||
| Other comprehensive income (loss) | (20) | 54 | (47) | 21 | 35 | 83 | ||
| Comprehensive income: | 46 | 136 | 84 | 136 | 184 | 180 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (0) | (0) | (0) | (0) | 0 | (0) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 0 | (1) | 1 | 0 | (0) | (0) | ||
| Comprehensive income, net of tax, attributable to parent: | 46 | 135 | 84 | 136 | 183 | 180 | ||
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.