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)

9/30/2019
TTM
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 investments822162367794
Cash and cash equivalents822162362724
Short-term investments    05070
Restricted cash and investments12  222
Receivables158146142147139134159
Inventory, net of allowances, customer advances and progress billings282266266258256287268
Inventory282266266258256287268
Prepaid expense    946
Income taxes receivable11
Deferred tax assets    2238
Other current assets83999  
Other undisclosed current assets75201061 
Total current assets:464444453446427527575
Noncurrent Assets
Operating lease, right-of-use asset75
Property, plant and equipment1,2731,2691,051945867811885
Intangible assets, net (including goodwill)5459277285229234270
Goodwill3535244244209209230
Intangible assets, net (excluding goodwill)19243340202541
Other noncurrent assets151622841010
Defined benefit plan, assets for plan benefits 154
Total noncurrent assets:1,4171,3441,3491,2381,1001,0591,169
TOTAL ASSETS:1,8811,7881,8021,6841,5271,5861,745
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:230321257224220216191
Accounts payable141228169128128123 
Accrued liabilities172218162223 
Employee-related liabilities37414250444239
Taxes payable7678566
Interest and dividends payable51513121212 
Other undisclosed accounts payable and accrued liabilities218710910146
Debt581211551358  
Other undisclosed current liabilities7788 89
Total current liabilities:295449419367228224199
Noncurrent Liabilities
Long-term debt and lease obligation933671571570569600675
Long-term debt, excluding current maturities867671571570569575650
Capital lease obligations    2525
Operating lease, liability67
Liabilities, other than long-term debt228235230275253317206
Deferred revenue and credits   1211
Accounts payable and accrued liabilities333223 
Accrued income taxes3
Deferred compensation liability, classified     1514
Deferred tax liabilities, net115112149116112125
Deferred income tax liabilities117
Liability, pension and other postretirement and postemployment benefits7478728289118
Other liabilities34394342475753
Other undisclosed noncurrent liabilities 673   
Total noncurrent liabilities:1,161912808848822916881
Total liabilities:1,4561,3621,2271,2141,0501,1401,080
Stockholders' equity
Stockholders' equity attributable to parent425426575470475498605
Common stock0000000
Treasury stock, value   (395)(330)(230)(130)
Additional paid in capital961347340334327
Accumulated other comprehensive loss(63)(67)(44)(52)(56)(71)(58)
Retained earnings480487618570520464467
Total stockholders' equity:425426575470475498605
Other undisclosed liabilities and equity    2(52)60
TOTAL LIABILITIES AND EQUITY:1,8811,7881,8021,6841,5271,5861,745

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,7551,7241,7301,7351,7521,9671,890
Revenue, net8571,7241,7301,7351,7521,9671,890
Cost of revenue(1,595)(1,538)(1,530)(1,496)(1,513)(1,748)(1,671)
Cost of goods and services sold(1,595)(1,538)(1,530)(1,496)(1,513)(1,709)(1,671)
Gross profit:160186201239240219218
Operating expenses(313)(284)(128)(130)(117)(139)(122)
Other undisclosed operating income6  21 3
Operating income (loss):(147)(98)721111248099
Nonoperating expense
(Investment Income, Nonoperating)
     (40) 
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:(196)(133)4181921638
Income tax expense (benefit)0(10)56(31)(37)(19)69
Net income (loss) available to common stockholders, diluted:(195)(144)975056(2)107

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(195)(144)975056(2)107
Other comprehensive income (loss)(11)(11)8415(13)58
Comprehensive income (loss), net of tax, attributable to parent:(206)(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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