Clearwater Paper Corporation (CLW) financial statements (2021 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)
Annual | Quarterly

12/31/2020
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 investments3620221623677
Cash and cash equivalents3620221623627
Short-term investments     050
Restricted cash and investments 12  22
Receivables161159146142147139134
Inventory, net of allowances, customer advances and progress billings263281266266258256287
Inventory263281266266258256287
Prepaid expense     94
Deferred tax assets✕✕    22
Other current assets1543999 
Other undisclosed current assets(0)05201061
Total current assets:475466444453446427527
Noncurrent Assets
Operating lease, right-of-use asset6473✕✕✕✕✕
Property, plant and equipment1,1921,2581,2691,051945867811
Intangible assets, net (including goodwill)495259277285229234
Goodwill353535244244209209
Intangible assets, net (excluding goodwill)14172433402025
Other noncurrent assets222916228410
Defined benefit plan, assets for plan benefits✕✕✕✕ 15
Total noncurrent assets:1,3261,4121,3441,3491,2381,1001,059
TOTAL ASSETS:1,8001,8781,7881,8021,6841,5271,586
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:243263321257224220216
Accounts payable143150228169128128123
Accrued liabilities5862218162223
Employee-related liabilities42454142504442
Taxes payable 767856
Interest and dividends payable 131513121212
Other undisclosed accounts payable and accrued liabilities 418710910
Debt2181211551358 
Other undisclosed current liabilities  788 8
Total current liabilities:245280449419367228224
Noncurrent Liabilities
Long-term debt and lease obligation, including:723893671571570569600
Long-term debt, excluding current maturities716885671571570569575
Finance lease, liability1921✕✕✕✕✕
Capital lease obligations✕✕    25
Operating lease, liability5466✕✕✕✕✕
Other undisclosed long-term debt and lease obligation(67)(78)     
Liabilities, other than long-term debt264215235230275253317
Deferred revenue and credits✕✕✕   12
Accounts payable and accrued liabilities  33223
Deferred compensation liability, classified      15
Deferred tax liabilities, net✕✕115112149116112
Deferred income tax liabilities158121✕✕✕✕✕
Liability, pension and other postretirement and postemployment benefits817778728289118
Other liabilities25173943424757
Other undisclosed noncurrent liabilities4758673  
Total noncurrent liabilities:1,0351,165912808848822916
Total liabilities:1,2791,4461,3621,2271,2141,0501,140
Stockholders' equity
Stockholders' equity attributable to parent521432426575470475498
Common stock  00000
Treasury stock, value    (395)(330)(230)
Additional paid in capital171061347340334
Accumulated other comprehensive loss(54)(60)(67)(44)(52)(56)(71)
Retained earnings559482487618570520464
Total stockholders' equity:521432426575470475498
Other undisclosed liabilities and equity     2(52)
TOTAL LIABILITIES AND EQUITY:1,8001,8781,7881,8021,6841,5271,586

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,8691,7621,7241,7301,7351,7521,967
Revenue, net✕✕1,7241,7301,7351,7521,967
Cost of revenue(1,588)(1,603)(1,538)(1,530)(1,496)(1,513)(1,748)
Cost of goods and services sold(1,574)(1,597)(1,538)(1,530)(1,496)(1,513)(1,709)
Gross profit:280158186201239240219
Operating expenses(122)(113)(284)(128)(130)(117)(139)
Other operating expense, net(14)(6)     
Other undisclosed operating income146  21 
Operating income (loss):15845(98)7211112480
Nonoperating expense (6)    (40)
Investment income, nonoperating      (40)
Net periodic defined benefits expense (reversal of expense), excluding service cost component8(6) ✕✕✕✕
Interest and debt expense(6)(3)  (0) (24)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (45)(36)(31)(30)(31)1
Income (loss) from continuing operations before income taxes:152(8)(133)41819216
Income tax expense (benefit)(21)2(10)56(31)(37)(19)
Net income (loss):131(6)(144)975056(2)
Other undisclosed net loss attributable to parent(54)      
Net income (loss) available to common stockholders, diluted:77(6)(144)975056(2)

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):131(6)(144)975056(2)
Other comprehensive income (loss)58(11)8415(13)
Comprehensive income (loss):1362(154)1055371(15)
Other undisclosed comprehensive loss, net of tax, attributable to parent(54)      
Comprehensive income (loss), net of tax, attributable to parent:822(154)1055371(15)

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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