Schweitzer-Mauduit International, Inc. (SWM) financial statements (2021 and earlier)

Company profile

Business Address 100 NORTH POINT CENTER EAST
ALPHARETTA, GA 30022-8246
State of Incorp. DE
Fiscal Year End December 31
SIC 2621 - Paper Mills (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments103858883949174
Cash and cash equivalents103858883949174
Receivables156167181173167163160
Inventory, net of allowances, customer advances and progress billings161149154155152151154
Inventory161149154155152151154
Disposal group, including discontinued operation    12  
Assets held-for-sale, not part of disposal group 121212 1212
Other current assets7678557
Total current assets:428419442430429422406
Noncurrent Assets
Finance lease, right-of-use asset3   
Property, plant and equipment 320333333340344347
Long-term investments and receivables52475152526367
Long-term investments52475152526367
Intangible assets, net (including goodwill)589590600605611618625
Goodwill337336338338338339340
Intangible assets, net (excluding goodwill)251255262267273279285
Deferred income tax assets440 
Other noncurrent assets69706364344040
Other undisclosed noncurrent assets327  0021
Total noncurrent assets:1,0441,0311,0481,0551,0371,0661,079
TOTAL ASSETS:1,4721,4501,4891,4861,4671,4871,485
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities156143140137140133133
Accounts payable66646172665961
Accrued liabilities87777863737370
Taxes payable3111213
Debt2223333
Total current liabilities:158145142140144136136
Noncurrent Liabilities
Long-term debt and lease obligation541560605617619638640
Long-term debt, excluding current maturities541560605617619638640
Liabilities, other than long-term debt176171170120114145167
Accounts payable and accrued liabilities21262626272433
Deferred compensation liability, classified    14  
Deferred tax liabilities, net 4546
Deferred income tax liabilities484747 
Liability for uncertainty in income taxes    1  
Liability, pension and other postretirement and postemployment benefits32282928282929
Other liabilities74716966434759
Other undisclosed noncurrent liabilities   4733  
Total noncurrent liabilities:716731775784765782806
Total liabilities:874875917924909919943
Stockholders' equity
Stockholders' equity attributable to parent598575573562558569543
Common stock3333333
Additional paid in capital79757472717069
Accumulated other comprehensive loss(123)(135)(122)(124)(125)(114)(112)
Retained earnings638632618611608610582
Total stockholders' equity:598575573562558569543
TOTAL LIABILITIES AND EQUITY:1,4721,4501,4891,4861,4671,4871,485

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues239256270258249260270
Cost of revenue
(Cost of Goods and Services Sold)
(168)(184)(191)(190)(185)(195)(193)
Gross profit:71727968646577
Operating expenses104(36)(34)(38)(37)(34)(35)
Other undisclosed operating loss(150)(2)(0) (0)(0)(1)
Operating income:25354430273142
Nonoperating income (expense)12(3)(1)(0)11(1)
Interest and debt expense(7)(7)(15)(8)(8)(7)(7)
Income from continuing operations before equity method investments, income taxes:19302622183535
Income (loss) from equity method investments41(1)(0)10(1)
Income from continuing operations before income taxes:23312622193535
Income tax expense (benefit)(2)(3)(5)(4)(0)6(9)
Income from continuing operations:20282117194126
Income from discontinued operations     0 
Other undisclosed income before gain (loss) on sale of properties    0  
Net income:20282117194126
Other undisclosed net loss attributable to parent    (12)  
Net income attributable to parent:2028211774126
Undistributed earnings (loss) allocated to participating securities, basic (0)(0) 0(0)(0)
Other undisclosed net loss available to common stockholders, basic(0) (0)(0)(0)(0) 
Net income available to common stockholders, diluted:2028201774126

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:20282117194126
Other comprehensive loss     (3)(33)
Other undisclosed comprehensive income    25  
Comprehensive income (loss):202821174438(7)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent13(13)21(42)  
Comprehensive income (loss), net of tax, attributable to parent:33142318238(7)

Statements sources

The financial statements are based on the company's filings with the 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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