Veritiv Corporation (VRTV) financial statements (2020 and earlier)

Company profile

Business Address 1000 ABERNATHY ROAD NE
ATLANTA, GA 30328
State of Incorp. DE
Fiscal Year End December 31
SIC 511 - Paper And Paper Products (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 6480705458
Cash and cash equivalents 6480705458
Receivables9141,1851,1781,0521,0411,119
Prepaid expense     26
Other current assets126147134119109109
Other undisclosed current assets591688723708721648
Total current assets:1,6312,0842,1141,9491,9251,959
Noncurrent Assets
Property, plant and equipment217207340372364377
Long-term investments and receivables     6
Long-term investments     6
Intangible assets, net (including goodwill)152157164718089
Goodwill100100100505052
Intangible assets, net (excluding goodwill)525764213036
Deferred costs     20
Deferred income tax assets57
Other noncurrent assets4552531303444
Deferred tax assets, net   73106
Other undisclosed noncurrent assets 576062 (26)
Total noncurrent assets:881445594535552615
TOTAL ASSETS:2,5112,5302,7082,4842,4772,575
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities715833888841786869
Accounts payable477642680654565590
Accrued liabilities184135135103100153
Employee-related liabilities54577484121111
Taxes payable     15
Debt1373334
Due to related parties497151511
Deferred tax liabilities    21
Other undisclosed current liabilities 19911(54)
Total current liabilities:732850907868814851
Noncurrent Liabilities
Long-term debt and lease obligation, including:742964908749801855
Finance lease, liability69
Operating lease, liability377
Other undisclosed long-term debt and lease obligation297964908749801855
Liabilities, other than long-term debt501150317325332232
Deferred revenue and credits   9
Deferred compensation liability, classified     18
Liability, pension and other postretirement and postemployment benefits162124282936
Due to related parties  155176198 
Other liabilities485129137121106107
Business combination, contingent consideration, liability     61
Other undisclosed noncurrent liabilities 2426  124
Total noncurrent liabilities:1,2431,1371,2511,0741,1331,211
Total liabilities:1,9751,9872,1591,9421,9472,062
Stockholders' equity
Stockholders' equity attributable to parent, including:536543550542530513
Treasury stock, value(14)(14)(14)(14)  
Additional paid in capital618606590575566562
Accumulated other comprehensive loss(33)(41)(34)(39)(35)(22)
Retained earnings (accumulated deficit)(35)(9)620(1)(28)
Other undisclosed stockholders' equity attributable to parent000000
Total stockholders' equity:536543550542530513
TOTAL LIABILITIES AND EQUITY:2,5112,5302,7082,4842,4772,575

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues7,6598,6968,3658,3278,7187,407
Revenue, net8,3658,3278,7187,407
Cost of revenue
(Cost of Goods and Services Sold)
(6,206)(147)(517)(505)(522)(839)
Gross profit:1,4538,5507,8487,8228,1966,568
Operating expenses(852)(889)(926)(865)(900)(783)
Other operating income, net
(Other Expenses)
     2
Other undisclosed operating loss(580)(7,645)(6,901)(6,881)(7,217)(5,792)
Operating income (loss):2116217679(6)
Nonoperating income (expense)(12)168(8)(7)(1)
Other nonoperating expense (3)(3)(1)(3) 
Interest and debt expense(38)(42)(31)(28)(27)(2)
Income (loss) from continuing operations before equity method investments, income taxes:(29)(10)(2)4145(10)
Other undisclosed loss from continuing operations before income taxes     (12)
Income (loss) from continuing operations before income taxes:(29)(10)(2)4145(22)
Income tax expense (benefit)(1)(6)(11)(20)(18)2
Income (loss) from continuing operations:(30)(16)(13)2127(20)
Loss from discontinued operations     (0)
Net income (loss) available to common stockholders, diluted:(30)(16)(13)2127(20)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(30)(16)(13)2127(20)
Other comprehensive income (loss)8(6) 03(3)
Comprehensive income (loss):(22)(22)(13)2129(23)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  6(4)(16)(14)
Comprehensive income (loss), net of tax, attributable to parent:(22)(22)(8)1714(37)

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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