Glatfelter Corporation (GLT) financial statements (2023 and earlier)

Company profile

Business Address 4350 CONGRESS STREET
CHARLOTTE, NC 28209
State of Incorp. PA
Fiscal Year End December 31
SIC 2621 - Paper 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 investments13810012614311655105
Cash and cash equivalents13810012614311655105
Restricted cash and investments2      
Receivables170123124120174153167
Inventory, net of allowances, customer advances and progress billings280196190173252250247
Inventory280196190173252250247
Other undisclosed current assets46343633433633
Total current assets:637453477469585494552
Noncurrent Assets
Property, plant and equipment759543537556866776699
Intangible assets, net (including goodwill)392246235247142129139
Goodwill236164151153837376
Intangible assets, net (excluding goodwill)156828494595663
Other noncurrent assets93443467138122113
Total noncurrent assets:1,2448348068701,1461,027951
TOTAL ASSETS:1,8811,2871,2841,3401,7311,5211,504
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities220133136126196170178
Accounts payable214128130121190164173
Interest and dividends payable6666655
Debt492523111197
Accrued environmental loss contingencies24923292513
Other liabilities99716373111119106
Total current liabilities:371233231233347323304
Noncurrent Liabilities
Long-term debt and lease obligation738288337401470364357
Long-term debt, excluding current maturities738288337401470364357
Liabilities, other than long-term debt22918716088205181180
Deferred tax liabilities, net 845576
Deferred income tax liabilities877776
Other liabilities1411108488121126103
Other undisclosed noncurrent liabilities   79   
Total noncurrent liabilities:967476497568675544536
Total liabilities:1,3387097288011,022867840
Stockholders' equity
Stockholders' equity attributable to parent543578556539709654663
Common stock1111111
Treasury stock, value(148)(151)(152)(157)(162)(163)(165)
Additional paid in capital65636062635855
Accumulated other comprehensive loss(80)(59)(78)(137)(141)(205)(190)
Retained earnings706723726770948963963
Total stockholders' equity:543578556539709654663
TOTAL LIABILITIES AND EQUITY:1,8811,2871,2841,3401,7311,5211,504

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
Revenues1,0859169288661,5961,6111,667
Revenue, net1,5961,6111,667
Cost of revenue
(Cost of Goods and Services Sold)
(940)(769)(780)(736)(1,404)(1,392)(1,464)
Gross profit:145148148130193219203
Operating expenses(116)(99)(93)(108)(134)(191)(107)
Operating income:29495522582896
Nonoperating expense(15)(17)(89)(15)(19)(17)(18)
Other nonoperating income (expense)(3)(4)(4)0(1)(1)(1)
Interest and debt expense(12)(7)(10)(16)(18)(16)(17)
Income (loss) from continuing operations before equity method investments, income taxes:125(45)(8)22(5)61
Other undisclosed income from continuing operations before income taxes1271016181617
Income (loss) from continuing operations before income taxes:1432(34)7391179
Income tax expense (benefit)(7)(12)9(8)(31)11(14)
Income (loss) from continuing operations:721(25)(0)82265
Income (loss) from discontinued operations014(177)   
Net income (loss) available to common stockholders, diluted:721(22)(178)82265

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):721(22)(178)82265
Other comprehensive income (loss)(22)19602664(14)(36)
Comprehensive income (loss), net of tax, attributable to parent:(15)4138(152)72729

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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