Stericycle, Inc. (SRCL) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
2355 WAUKEGAN ROAD BANNOCKBURN, IL 60015 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4955 - Hazardous Waste Management (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 6/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 56 | 56 | 53 | 35 | 34 | 42 | |||
| Cash and cash equivalents | 56 | 56 | 53 | 35 | 34 | 42 | |||
| Receivables | 415 | 420 | 381 | 544 | 600 | 624 | |||
| Prepaid expense | 33 | 46 | 63 | 61 | 50 | 80 | |||
| Disposal group, including discontinued operation | 21 | ||||||||
| Other current assets | 55 | 54 | 56 | 67 | 63 | 46 | |||
| Total current assets: | 559 | 576 | 553 | 707 | 747 | 813 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 14 | 20 | ✕ | ✕ | |||||
| Operating lease, right-of-use asset | 399 | 345 | 365 | 435 | ✕ | ✕ | |||
| Property, plant and equipment | 799 | 744 | 741 | ||||||
| Intangible assets, net (including goodwill) | 3,596 | 3,780 | 3,907 | 4,405 | 4,860 | 5,396 | |||
| Goodwill | 2,785 | 2,816 | 2,819 | 2,982 | 3,222 | 3,604 | |||
| Intangible assets, net (excluding goodwill) | 811 | 965 | 1,087 | 1,422 | 1,638 | 1,792 | |||
| Regulated entity, other noncurrent assets | 11 | 14 | 15 | ||||||
| Other noncurrent assets | 65 | 62 | 56 | 92 | 105 | 38 | |||
| Other undisclosed noncurrent assets | 691 | 678 | 686 | ||||||
| Total noncurrent assets: | 4,775 | 4,898 | 5,029 | 5,730 | 5,708 | 6,175 | |||
| TOTAL ASSETS: | 5,334 | 5,473 | 5,582 | 6,437 | 6,456 | 6,988 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 458 | 579 | 471 | 517 | 567 | 783 | |||
| Accounts payable | 214 | 219 | 181 | 220 | 226 | 195 | |||
| Accrued liabilities | 244 | 360 | 289 | 297 | 341 | 588 | |||
| Deferred revenue | 8 | 9 | 9 | 12 | ✕ | ✕ | |||
| Debt | 25 | 22 | 91 | 105 | 119 | 127 | |||
| Accrued environmental loss contingencies | 0 | ||||||||
| Disposal group, including discontinued operation | 5 | ||||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 18 | ||
| Other liabilities | 48 | 46 | 49 | 40 | 48 | 37 | |||
| Other undisclosed current liabilities | 83 | 77 | 77 | 83 | |||||
| Total current liabilities: | 622 | 732 | 697 | 757 | 733 | 969 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 1,484 | 1,590 | 1,689 | 2,559 | 2,664 | 2,615 | |||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | ✕ | 16 | 7 | ||
| Other undisclosed long-term debt and lease obligation | 1,484 | 1,310 | 1,390 | 2,203 | 2,648 | 2,608 | |||
| Liabilities, other than long-term debt | 804 | 494 | 487 | 135 | 461 | 495 | |||
| Accounts payable and accrued liabilities | 12 | 19 | 23 | 71 | 83 | 56 | |||
| Asset retirement obligations | 19 | 20 | |||||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | 307 | 371 | ||
| Deferred income tax liabilities | 427 | 411 | 380 | ✕ | ✕ | ||||
| Other liabilities | 36 | 39 | 59 | 64 | 71 | 68 | |||
| Operating lease, liability | 329 | 280 | 299 | 356 | ✕ | ✕ | |||
| Business combination, contingent consideration, liability | 5 | 5 | |||||||
| Other undisclosed noncurrent liabilities | 255 | 274 | 651 | ||||||
| Total noncurrent liabilities: | 2,288 | 2,339 | 2,450 | 3,345 | 3,125 | 3,110 | |||
| Total liabilities: | 2,910 | 3,070 | 3,148 | 4,102 | 3,858 | 4,080 | |||
| Equity | |||||||||
| Equity, attributable to parent | 2,420 | 2,399 | 2,430 | 2,331 | 2,587 | 2,897 | |||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | |||
| Additional paid in capital | 1,285 | 1,262 | 1,234 | 1,206 | 1,163 | 1,153 | |||
| Accumulated other comprehensive loss | (277) | (219) | (187) | (318) | (365) | (287) | |||
| Retained earnings | 1,411 | 1,355 | 1,383 | 1,442 | 1,789 | 2,030 | |||
| Equity, attributable to noncontrolling interest | 4 | 4 | 4 | 4 | 10 | 12 | |||
| Total equity: | 2,425 | 2,403 | 2,434 | 2,335 | 2,597 | 2,909 | |||
| TOTAL LIABILITIES AND EQUITY: | 5,334 | 5,473 | 5,582 | 6,437 | 6,456 | 6,988 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,705 | 2,647 | 2,676 | 3,309 | 3,486 | 3,581 | ||
| Cost of revenue | (1,679) | (1,630) | (1,622) | (2,134) | (2,110) | (2,118) | ||
| Cost of goods and services sold | (1,679) | (1,630) | (1,622) | (2,134) | (2,110) | |||
| Gross profit: | 1,026 | 1,017 | 1,053 | 1,175 | 1,376 | 1,463 | ||
| Operating expenses | (996) | (1,063) | (1,197) | (1,532) | (1,777) | (1,602) | ||
| Other operating expense, net (Other Expenses) | (9) | (40) | (29) | |||||
| Other undisclosed operating income | 124 | 118 | 185 | 185 | 269 | 132 | ||
| Operating income (loss): | 154 | 72 | 32 | (212) | (161) | (8) | ||
| Nonoperating income (expense) | 1 | 0 | (6) | (10) | (8) | (6) | ||
| Other nonoperating income (expense) | 1 | 0 | (6) | (10) | (8) | (7) | ||
| Interest and debt expense | (1) | (1) | (2) | (24) | (109) | (94) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (80) | (117) | 3 | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 153 | 72 | (56) | (363) | (275) | (108) | ||
| Other undisclosed loss from continuing operations before income taxes | (75) | (71) | ||||||
| Income (loss) from continuing operations before income taxes: | 79 | 1 | (56) | (363) | (275) | (108) | ||
| Income tax expense (benefit) | (22) | (28) | 0 | 17 | 30 | 151 | ||
| Income (loss) from continuing operations: | 57 | (27) | (56) | (346) | (246) | 43 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | (27) | (56) | (346) | (246) | 43 | ||
| Net income (loss): | 57 | (27) | (56) | (346) | (246) | 43 | ||
| Net income (loss) attributable to noncontrolling interest | (1) | (1) | (1) | (1) | 1 | (1) | ||
| Net income (loss) attributable to parent: | 56 | (28) | (57) | (347) | (245) | 42 | ||
| Preferred stock dividends and other adjustments | (9) | (19) | ||||||
| Net income (loss) available to common stockholders, diluted: | 56 | (28) | (57) | (347) | (253) | 23 | ||
Comprehensive Income ($ in millions)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 57 | (27) | (56) | (346) | (246) | 43 | ||
| Other comprehensive income (loss) | (58) | (32) | 131 | 48 | (79) | 82 | ||
| Comprehensive income (loss): | (2) | (59) | 75 | (299) | (325) | 125 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (1) | (1) | (2) | (1) | 2 | (2) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (2) | (59) | 73 | (300) | (323) | 123 | ||
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.