Acco Brands Corporation (ACCO) financial statements (2022 and earlier)

Company profile

Business Address FOUR CORPORATE DRIVE
LAKE ZURICH, IL 60047
State of Incorp. DE
Fiscal Year End December 31
SIC 278 - Blankbooks, Looseleaf Binders, And Bookbinding (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments413728677743
Cash and cash equivalents413728677743
Receivables416356454428469391
Inventory, net of allowances, customer advances and progress billings428305283341254210
Inventory428305283341254210
Other current assets403141442927
Total current assets:925728806880830671
Noncurrent Assets
Operating lease, right-of-use asset10589102
Property, plant and equipment215241267264279198
Intangible assets, net (including goodwill)1,7051,8041,4771,4961,5101,153
Goodwill803827719709670587
Intangible assets, net (excluding goodwill)902977759787840566
Deferred income tax assets116137119
Other noncurrent assets264917324315
Deferred tax assets, net11513827
Total noncurrent assets:2,1662,3211,9831,9061,9701,394
TOTAL ASSETS:3,0913,0492,7892,7862,7992,065
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities365221294317240179
Accounts payable308180246275178135
Employee-related liabilities574149426143
Interest and dividends payable   111
Debt437733404369
Business combination, contingent consideration, liability25     
Other liabilities15014514012811465
Other undisclosed current liabilities12611412211514194
Total current liabilities:709557589599538406
Noncurrent Liabilities
Long-term debt and lease obligation1,0431,131867843889628
Long-term debt, excluding current maturities9541,055777843889628
Operating lease, liability897790
Liabilities, other than long-term debt475618559555597322
Deferred tax liabilities, net176177147
Deferred income tax liabilities145171178
Liability, pension and other postretirement and postemployment benefits22231728325727698
Other liabilities951309812114577
Business combination, contingent consideration, liability12     
Total noncurrent liabilities:1,5181,7491,4261,3981,487949
Total liabilities:2,2272,3062,0151,9972,0251,356
Stockholders' equity
Stockholders' equity attributable to parent865743774790774709
Common stock111111
Treasury stock, value(41)(40)(38)(34)(26)(17)
Additional paid in capital1,9021,8831,8911,9412,0002,016
Accumulated other comprehensive loss(536)(564)(506)(462)(461)(419)
Accumulated deficit(462)(537)(574)(657)(739)(872)
Total stockholders' equity:865743774790774709
TOTAL LIABILITIES AND EQUITY:3,0913,0492,7892,7862,7992,065

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues2,0251,6551,9561,9411,9491,557
Revenue, net1,9491,557
Cost of revenue
(Cost of Goods and Services Sold)
(1,410)(1,163)(1,322)(1,313)(1,292)(1,042)
Gross profit:615492634628656515
Operating expenses(464)(380)(437)(441)(463)(348)
Operating income:151112196187193167
Nonoperating income75111265
Investment income, nonoperating213466
Net periodic defined benefits expense (reversal of expense), excluding service cost component8669
Other nonoperating income (expense)(3)(2)2(2)0(1)
Interest and debt expense(46)(39)(43)(41)(41)(49)
Income from continuing operations before equity method investments, income taxes:11179164158158123
Income from equity method investments     2
Income from continuing operations before income taxes:11179164158158125
Income tax expense(10)(17)(57)(51)(26)(30)
Net income available to common stockholders, diluted:1026210710713296

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:1026210710713296
Other comprehensive income (loss)29(59)(44)(1)(42)(0)
Comprehensive income:1314631069095
Other undisclosed comprehensive income, net of tax, attributable to parent     10
Comprehensive income, net of tax, attributable to parent:13146310690105

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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