Glatfelter (GLT) financial statements (2021 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)

12/31/2020
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 investments10012614311655105100
Cash and cash equivalents10012614311655105100
Receivables123124120174153167164
Inventory, net of allowances, customer advances and progress billings196190173252250247249
Inventory196190173252250247249
Other current assets      475
Other undisclosed current assets343633433633(412)
Total current assets:453477469585494552575
Noncurrent Assets
Property, plant and equipment543537556866776699698
Intangible assets, net (including goodwill)246235247142129139161
Goodwill16415115383737684
Intangible assets, net (excluding goodwill)82849459566377
Other noncurrent assets443467138122113128
Prepaid pension costs  102
Other undisclosed noncurrent assets      (102)
Total noncurrent assets:8348068701,1461,027951987
TOTAL ASSETS:1,2871,2841,3401,7311,5211,5041,562
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities133136126196170178254
Accounts payable128130121190164173157
Accrued liabilities      41
Employee-related liabilities      47
Taxes payable      4
Interest and dividends payable6666555
Debt25231111976
Accrued environmental loss contingencies49232925131
Other liabilities716373111119106111
Other undisclosed current liabilities      (92)
Total current liabilities:233231233347323304280
Noncurrent Liabilities
Long-term debt and lease obligation288337401470364357399
Long-term debt, excluding current maturities288337401470364357399
Liabilities, other than long-term debt18716088205181180234
Deferred tax liabilities, net 845576104
Deferred income tax liabilities7776
Other liabilities1108488121126103130
Other undisclosed noncurrent liabilities  79    
Total noncurrent liabilities:476497568675544536633
Total liabilities:7097288011,022867840912
Stockholders' equity
Stockholders' equity attributable to parent578556539709654663649
Common stock1111111
Treasury stock, value(151)(152)(157)(162)(163)(165)(170)
Additional paid in capital63606263585554
Accumulated other comprehensive loss(59)(78)(137)(141)(205)(190)(155)
Retained earnings723726770948963963919
Total stockholders' equity:578556539709654663649
TOTAL LIABILITIES AND EQUITY:1,2871,2841,3401,7311,5211,5041,562

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues9169288661,5961,6111,6671,810
Revenue, net1,5961,6111,6671,810
Cost of revenue
(Cost of Goods and Services Sold)
(769)(780)(736)(1,404)(1,392)(1,464)(1,581)
Other undisclosed gross profit      6
Gross profit:148148130193219203235
Operating expenses(99)(93)(108)(134)(191)(107)(138)
Other undisclosed operating income      10
Operating income:495522582896107
Nonoperating expense(17)(89)(15)(19)(17)(18)(19)
Other nonoperating income (expense)(4)(4)0(1)(1)(1)(1)
Interest and debt expense(7)(10)(16)(18)(16)(17)(19)
Other undisclosed income from continuing operations before equity method investments, income taxes      19
Income (loss) from continuing operations before equity method investments, income taxes:25(45)(8)22(5)6187
Other undisclosed income from continuing operations before income taxes71016181617 
Income (loss) from continuing operations before income taxes:32(34)739117987
Income tax expense (benefit)(12)9(8)(31)11(14)(18)
Income (loss) from continuing operations:21(25)(0)8226569
Income (loss) from discontinued operations14(177)    
Net income (loss) available to common stockholders, diluted:21(22)(178)8226569

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):21(22)(178)8226569
Other comprehensive income (loss)19602664(14)(36)(80)
Comprehensive income (loss), net of tax, attributable to parent:4138(152)72729(10)

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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