Westrock Company (WRK) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1000 ABERNATHY ROAD NE ATLANTA, GA 30328 |
| State of Incorp. | DE |
| Fiscal Year End | September 30 |
| Industry (SIC) | 265 - Paperboard Containers And Boxes (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 3/31/2024 MRQ | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 393 | 260 | 291 | 251 | 152 | 637 | |||
| Cash and cash equivalent | 393 | 260 | 291 | 251 | 152 | 637 | |||
| Receivables | 2,592 | 2,684 | 2,587 | 2,143 | 2,193 | 2,011 | |||
| Inventory, net of allowances, customer advances and progress billings | 2,332 | 2,317 | 2,173 | 2,023 | 2,108 | 1,830 | |||
| Inventory | 2,332 | 2,317 | 2,173 | 2,023 | 2,108 | 1,830 | |||
| Disposal group, including discontinued operation | 92 | 34 | 11 | 7 | 26 | 60 | |||
| Other current assets | 1,585 | 690 | 598 | 521 | 496 | 249 | |||
| Total current assets: | 6,993 | 5,985 | 5,660 | 4,945 | 4,974 | 4,785 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 700 | 676 | 659 | ✕ | |||||
| Property, plant and equipment | 11,063 | 10,081 | 10,570 | 10,779 | 11,190 | 9,083 | |||
| Long-term investments and receivables | 480 | 453 | 430 | 469 | 458 | ||||
| Long-term investments | 480 | 453 | 430 | 469 | 458 | ||||
| Intangible assets, net (including goodwill) | 6,825 | 8,816 | 9,278 | 9,629 | 11,345 | 8,700 | |||
| Goodwill | 4,249 | 5,895 | 5,959 | 5,962 | 7,286 | 5,578 | |||
| Intangible assets, net (excluding goodwill) | 2,576 | 2,921 | 3,319 | 3,667 | 4,060 | 3,122 | |||
| Deferred income tax assets | 27 | 26 | 34 | ✕ | |||||
| Other noncurrent assets | 1,944 | 1,830 | 1,812 | 1,791 | 1,149 | 1,092 | |||
| Other undisclosed noncurrent assets | 618 | 486 | 780 | 514 | 1,030 | 1,243 | |||
| Total noncurrent assets: | 20,451 | 22,420 | 23,595 | 23,835 | 25,182 | 20,575 | |||
| TOTAL ASSETS: | 27,444 | 28,406 | 29,254 | 28,780 | 30,157 | 25,361 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 2,649 | 3,508 | 2,781 | 2,061 | 2,302 | 2,116 | |||
| Employee-related liabilities | ✕ | ✕ | 628 | 657 | 387 | 470 | 399 | ||
| Accounts payable | 2,124 | 2,252 | 2,124 | 1,674 | 1,832 | 1,717 | |||
| Accrued liabilities | 525 | 628 | |||||||
| Debt | 533 | 212 | 169 | 223 | 561 | 741 | |||
| Other liabilities | 1,738 | 811 | 695 | 645 | 572 | 477 | |||
| Other undisclosed current liabilities | (628) | ||||||||
| Total current liabilities: | 4,919 | 3,903 | 3,644 | 2,929 | 3,435 | 3,333 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 8,051 | 7,575 | 8,025 | 9,208 | 9,502 | 5,675 | |||
| Long-term debt, excluding current maturities | 8,051 | 7,575 | 8,025 | 9,208 | 9,502 | 5,675 | |||
| Finance lease, liability | 410 | 273 | 255 | 266 | ✕ | ||||
| Other undisclosed long-term debt and lease obligation | (410) | (824) | (793) | (812) | |||||
| Liabilities, other than long-term debt | 4,376 | 4,464 | 4,766 | 4,858 | 4,388 | 3,712 | |||
| Asset retirement obligations | 80 | ||||||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | 2,878 | 2,322 | ||
| Deferred income tax liabilities | 2,433 | 2,762 | 2,944 | 2,917 | ✕ | ||||
| Liability, pension and other postretirement and postemployment benefits | 290 | 295 | 388 | 451 | 456 | 396 | |||
| Other liabilities | 1,652 | 1,328 | 1,433 | 1,490 | 1,054 | 995 | |||
| Operating lease, liability | 551 | 538 | 546 | ✕ | |||||
| Other undisclosed noncurrent liabilities | 1,038 | 1,127 | 1,137 | 1,145 | 1,154 | ||||
| Total noncurrent liabilities: | 12,427 | 13,078 | 13,919 | 15,202 | 15,036 | 10,541 | |||
| Total liabilities: | 17,346 | 16,980 | 17,563 | 18,131 | 18,471 | 13,874 | |||
| Temporary equity, including noncontrolling interest | 6 | 2 | 1 | 2 | 4 | ||||
| Equity | |||||||||
| Equity, attributable to parent | 10,081 | 11,402 | 11,670 | 10,631 | 11,670 | 11,469 | |||
| Common stock | 3 | 3 | 3 | 3 | 3 | 3 | |||
| Additional paid in capital | 10,699 | 10,639 | 11,059 | 10,916 | 10,739 | 10,589 | |||
| Accumulated other comprehensive loss | (899) | (1,454) | (999) | (1,320) | (1,069) | (695) | |||
| Retained earnings | 278 | 2,214 | 1,608 | 1,032 | 1,997 | 1,573 | |||
| Equity, attributable to noncontrolling interest | 17 | 18 | 20 | 17 | 14 | 13 | |||
| Total equity: | 10,098 | 11,420 | 11,690 | 10,648 | 11,684 | 11,482 | |||
| TOTAL LIABILITIES AND EQUITY: | 27,444 | 28,406 | 29,254 | 28,780 | 30,157 | 25,361 | |||
Income Statement (P&L) ($ in millions)
| 3/31/2024 TTM | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 20,310 | 21,257 | 18,746 | 17,579 | 18,289 | 16,285 | ||
| Cost of revenue (Cost of Product and Service Sold) | (16,726) | (17,236) | (15,316) | (14,382) | (14,540) | (12,891) | ||
| Gross profit: | 3,585 | 4,021 | 3,430 | 3,197 | 3,749 | 3,394 | ||
| Operating expenses | (175) | (26) | (4) | (1,351) | (39) | (101) | ||
| Other undisclosed operating loss | (4,921) | (2,668) | (2,146) | (2,103) | (2,215) | (2,011) | ||
| Operating income (loss): | (1,512) | 1,327 | 1,281 | (256) | 1,494 | 1,283 | ||
| Nonoperating income | 211 | 146 | 146 | 113 | 77 | 13 | ||
| Investment income, nonoperating | 239 | |||||||
| Gain, foreign currency transaction, before tax | 12 | |||||||
| Net periodic defined benefits expense (reversal of expense), excluding service cost component | (22) | 157 | 135 | 103 | 74 | |||
| Interest and debt expense | (525) | (384) | (429) | (467) | (5) | (0) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (1,825) | 1,089 | 998 | (610) | 1,566 | 1,295 | ||
| Income from equity method investments | 3 | 73 | 41 | 16 | 10 | 34 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 117 | 57 | 47 | 72 | (431) | (294) | ||
| Income (loss) from continuing operations before income taxes: | (1,705) | 1,219 | 1,086 | (523) | 1,145 | 1,035 | ||
| Income tax expense (benefit) | 60 | (270) | (243) | (164) | (277) | 875 | ||
| Income (loss) from continuing operations: | (1,644) | 949 | 843 | (686) | 868 | 1,909 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | 949 | 843 | (686) | 868 | 1,909 | |
| Net income (loss): | (1,644) | 949 | 843 | (686) | 868 | 1,909 | ||
| Net loss attributable to noncontrolling interest | (5) | (5) | (4) | (5) | (5) | (3) | ||
| Net income (loss) attributable to parent: | (1,649) | 945 | 838 | (691) | 863 | 1,906 | ||
| Other undisclosed net loss available to common stockholders, basic | (0) | (0) | (0) | (0) | (0) | |||
| Net income (loss) available to common stockholders, diluted: | (1,649) | 945 | 838 | (691) | 863 | 1,906 | ||
Comprehensive Income ($ in millions)
| 3/31/2024 TTM | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (1,644) | 949 | 843 | (686) | 868 | 1,909 | ||
| Other comprehensive income (loss) | 559 | (454) | 321 | (178) | (375) | (238) | ||
| Comprehensive income (loss): | (1,085) | 495 | 1,164 | (864) | 493 | 1,671 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (8) | (5) | (5) | (5) | (4) | (3) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (1,093) | 489 | 1,159 | (868) | 489 | 1,668 | ||
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.