Clearwater Paper Corporation (CLW) Financial Statements (2023 and Earlier)
Company Profile
| Business Address |
601 WEST RIVERSIDE AVENUE SPOKANE, WA 99201 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 2631 - Paperboard Mills (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 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 25 | 36 | 20 | 22 | 16 | 23 | 6 | ||
| Cash and cash equivalents | 25 | 36 | 20 | 22 | 16 | 23 | 6 | ||
| Short-term investments | 0 | ||||||||
| Restricted cash and investments | 1 | 2 | 2 | ||||||
| Receivables | 167 | 161 | 159 | 146 | 142 | 147 | 139 | ||
| Inventory, net of allowances, customer advances and progress billings | 278 | 263 | 281 | 266 | 266 | 258 | 256 | ||
| Inventory | 278 | 263 | 281 | 266 | 266 | 258 | 256 | ||
| Prepaid expense | 9 | ||||||||
| Other current assets | 17 | 15 | 4 | 3 | 9 | 9 | 9 | ||
| Other undisclosed current assets | (0) | 0 | 5 | 20 | 10 | 6 | |||
| Total current assets: | 487 | 475 | 466 | 444 | 453 | 446 | 427 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 64 | 73 | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 1,082 | 1,192 | 1,258 | 1,269 | 1,051 | 945 | 867 | ||
| Intangible assets, net (including goodwill) | 11 | 49 | 52 | 59 | 277 | 285 | 229 | ||
| Goodwill | 35 | 35 | 35 | 244 | 244 | 209 | |||
| Intangible assets, net (excluding goodwill) | 11 | 14 | 17 | 24 | 33 | 40 | 20 | ||
| Other noncurrent assets | 121 | 22 | 29 | 16 | 22 | 8 | 4 | ||
| Defined benefit plan, assets for plan benefits | ✕ | ✕ | ✕ | ✕ | ✕ | 1 | |||
| Other undisclosed noncurrent assets | (11) | ||||||||
| Total noncurrent assets: | 1,203 | 1,326 | 1,412 | 1,344 | 1,349 | 1,238 | 1,100 | ||
| TOTAL ASSETS: | 1,690 | 1,800 | 1,878 | 1,788 | 1,802 | 1,684 | 1,527 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 253 | 243 | 263 | 321 | 257 | 224 | 220 | ||
| Accounts payable | 168 | 143 | 150 | 228 | 169 | 128 | 128 | ||
| Accrued liabilities | 5 | 58 | 6 | 22 | 18 | 16 | 22 | ||
| Employee-related liabilities | 29 | 42 | 45 | 41 | 42 | 50 | 44 | ||
| Taxes payable | 11 | 7 | 6 | 7 | 8 | 5 | |||
| Interest and dividends payable | 12 | 13 | 15 | 13 | 12 | 12 | |||
| Other undisclosed accounts payable and accrued liabilities | 27 | 41 | 8 | 7 | 10 | 9 | |||
| Debt | 2 | 2 | 18 | 121 | 155 | 135 | 8 | ||
| Other undisclosed current liabilities | 7 | 8 | 8 | ||||||
| Total current liabilities: | 254 | 245 | 280 | 449 | 419 | 367 | 228 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 643 | 723 | 893 | 671 | 571 | 570 | 569 | ||
| Long-term debt, excluding current maturities | 638 | 716 | 885 | 671 | 571 | 570 | 569 | ||
| Finance lease, liability | 19 | 21 | ✕ | ✕ | ✕ | ✕ | |||
| Operating lease, liability | 54 | 66 | ✕ | ✕ | ✕ | ✕ | |||
| Other undisclosed long-term debt and lease obligation | 5 | (67) | (78) | ||||||
| Liabilities, other than long-term debt | 224 | 264 | 215 | 235 | 230 | 275 | 253 | ||
| Accounts payable and accrued liabilities | 3 | 3 | 2 | 2 | |||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 115 | 112 | 149 | 116 | ||
| Deferred income tax liabilities | 150 | 158 | 121 | ✕ | ✕ | ✕ | ✕ | ||
| Liability, pension and other postretirement and postemployment benefits | 74 | 81 | 77 | 78 | 72 | 82 | 89 | ||
| Other liabilities | 25 | 17 | 39 | 43 | 42 | 47 | |||
| Other undisclosed noncurrent liabilities | 58 | 47 | 58 | 6 | 7 | 3 | |||
| Total noncurrent liabilities: | 924 | 1,035 | 1,165 | 912 | 808 | 848 | 822 | ||
| Total liabilities: | 1,178 | 1,279 | 1,446 | 1,362 | 1,227 | 1,214 | 1,050 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 512 | 521 | 432 | 426 | 575 | 470 | 475 | ||
| Common stock | 0 | 0 | 0 | 0 | |||||
| Treasury stock, value | (395) | (330) | |||||||
| Additional paid in capital | 24 | 17 | 10 | 6 | 1 | 347 | 340 | ||
| Accumulated other comprehensive loss | (43) | (54) | (60) | (67) | (44) | (52) | (56) | ||
| Retained earnings | 531 | 559 | 482 | 487 | 618 | 570 | 520 | ||
| Other undisclosed stockholders' equity | 0 | ||||||||
| Total stockholders' equity: | 512 | 521 | 432 | 426 | 575 | 470 | 475 | ||
| Other undisclosed liabilities and equity | 2 | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 1,690 | 1,800 | 1,878 | 1,788 | 1,802 | 1,684 | 1,527 | ||
Income Statement (P&L) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,773 | 1,869 | 1,762 | 1,724 | 1,730 | 1,735 | 1,752 | |
| Revenue, net | ✕ | ✕ | ✕ | 1,724 | 1,730 | 1,735 | 1,752 | |
| Cost of revenue | (1,590) | (1,588) | (1,603) | (1,538) | (1,530) | (1,496) | (1,513) | |
| Cost of goods and services sold | (1,590) | (1,574) | (1,597) | (1,538) | (1,530) | (1,496) | (1,513) | |
| Gross profit: | 183 | 280 | 158 | 186 | 201 | 239 | 240 | |
| Operating expenses | (171) | (122) | (113) | (284) | (128) | (130) | (117) | |
| Other operating expense, net | (14) | (6) | ||||||
| Other undisclosed operating income | 14 | 6 | 2 | 1 | ||||
| Operating income (loss): | 12 | 158 | 45 | (98) | 72 | 111 | 124 | |
| Nonoperating expense | (6) | |||||||
| Net periodic defined benefits expense (reversal of expense), excluding service cost component | 10 | 8 | (6) | ✕ | ✕ | ✕ | ||
| Interest and debt expense | (37) | (6) | (3) | (0) | ||||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (45) | (36) | (31) | (30) | (31) | |||
| Income (loss) from continuing operations before income taxes: | (25) | 152 | (8) | (133) | 41 | 81 | 92 | |
| Income tax expense (benefit) | 8 | (21) | 2 | (10) | 56 | (31) | (37) | |
| Net income (loss): | (17) | 131 | (6) | (144) | 97 | 50 | 56 | |
| Other undisclosed net loss attributable to parent | (11) | (54) | ||||||
| Net income (loss) available to common stockholders, diluted: | (28) | 77 | (6) | (144) | 97 | 50 | 56 | |
Comprehensive Income ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (17) | 131 | (6) | (144) | 97 | 50 | 56 | |
| Other comprehensive income (loss) | 12 | 5 | 8 | (11) | 8 | 4 | 15 | |
| Comprehensive income (loss): | (5) | 136 | 2 | (154) | 105 | 53 | 71 | |
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (11) | (54) | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (16) | 82 | 2 | (154) | 105 | 53 | 71 | |
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.