Clearwater Paper Corporation (CLW) financial statements (2020 and earlier)

Company profile

Business Address 601 WEST RIVERSIDE AVENUE
SPOKANE, WA 99201
State of Incorp. DE
Fiscal Year End December 31
SIC 2631 - Paperboard Mills (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
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2022162367794
Cash and cash equivalents2022162362724
Short-term investments    05070
Restricted cash and investments12  222
Receivables159146142147139134159
Inventory, net of allowances, customer advances and progress billings281266266258256287268
Inventory281266266258256287268
Prepaid expense    946
Income taxes receivable11
Deferred tax assets    2238
Other current assets43999  
Other undisclosed current assets05201061 
Total current assets:466444453446427527575
Noncurrent Assets
Operating lease, right-of-use asset73
Property, plant and equipment1,2581,2691,051945867811885
Intangible assets, net (including goodwill)5259277285229234270
Goodwill3535244244209209230
Intangible assets, net (excluding goodwill)17243340202541
Other noncurrent assets291622841010
Defined benefit plan, assets for plan benefits 154
Total noncurrent assets:1,4121,3441,3491,2381,1001,0591,169
TOTAL ASSETS:1,8781,7881,8021,6841,5271,5861,745
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:263321257224220216191
Accounts payable150228169128128123 
Accrued liabilities62218162223 
Employee-related liabilities45414250444239
Taxes payable7678566
Interest and dividends payable131513121212 
Other undisclosed accounts payable and accrued liabilities418710910146
Debt181211551358  
Other undisclosed current liabilities 788 89
Total current liabilities:280449419367228224199
Noncurrent Liabilities
Long-term debt and lease obligation, including:893671571570569600675
Long-term debt, excluding current maturities885671571570569575650
Finance lease, liability21
Capital lease obligations    2525
Operating lease, liability66
Other undisclosed long-term debt and lease obligation(78)      
Liabilities, other than long-term debt215235230275253317206
Deferred revenue and credits   1211
Accounts payable and accrued liabilities 33223 
Accrued income taxes3
Deferred compensation liability, classified     1514
Deferred tax liabilities, net115112149116112125
Deferred income tax liabilities121
Liability, pension and other postretirement and postemployment benefits7778728289118
Other liabilities17394342475753
Other undisclosed noncurrent liabilities58673   
Total noncurrent liabilities:1,165912808848822916881
Total liabilities:1,4461,3621,2271,2141,0501,1401,080
Stockholders' equity
Stockholders' equity attributable to parent432426575470475498605
Common stock 000000
Treasury stock, value   (395)(330)(230)(130)
Additional paid in capital1061347340334327
Accumulated other comprehensive loss(60)(67)(44)(52)(56)(71)(58)
Retained earnings482487618570520464467
Total stockholders' equity:432426575470475498605
Other undisclosed liabilities and equity    2(52)60
TOTAL LIABILITIES AND EQUITY:1,8781,7881,8021,6841,5271,5861,745

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,7621,7241,7301,7351,7521,9671,890
Revenue, net1,7241,7301,7351,7521,9671,890
Cost of revenue(1,603)(1,538)(1,530)(1,496)(1,513)(1,748)(1,671)
Cost of goods and services sold(1,597)(1,538)(1,530)(1,496)(1,513)(1,709)(1,671)
Gross profit:158186201239240219218
Operating expenses(113)(284)(128)(130)(117)(139)(122)
Other operating expense, net(6)      
Other undisclosed operating income6  21 3
Operating income (loss):45(98)721111248099
Nonoperating expense(6)    (40) 
Investment income, nonoperating     (40) 
Net periodic defined benefits expense (reversal of expense), excluding service cost component(6) 
Interest and debt expense(3)  (0) (24)(17)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(45)(36)(31)(30)(31)1(44)
Income (loss) from continuing operations before income taxes:(8)(133)4181921638
Income tax expense (benefit)2(10)56(31)(37)(19)69
Net income (loss) available to common stockholders, diluted:(6)(144)975056(2)107

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(6)(144)975056(2)107
Other comprehensive income (loss)8(11)8415(13)58
Comprehensive income (loss), net of tax, attributable to parent:2(154)1055371(15)165

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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