Glatfelter (GLT) financial statements (2020 and earlier)

Company profile

Business Address 96 S GEORGE ST
YORK, PA 17401
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)

12/31/2019
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 investments12614311655105100123
Cash and cash equivalents12614311655105100123
Receivables124120174153167164168
Inventory, net of allowances, customer advances and progress billings190173252250247249236
Inventory190173252250247249236
Other current assets     475464
Other undisclosed current assets3633433633(412)(404)
Total current assets:477469585494552575587
Noncurrent Assets
Property, plant and equipment537556866776699698723
Intangible assets, net (including goodwill)235247142129139161192
Goodwill1511538373768496
Intangible assets, net (excluding goodwill)84945956637796
Other noncurrent assets3467138122113128176
Prepaid pension costs  102149
Other undisclosed noncurrent assets     (102)(149)
Total noncurrent assets:8068701,1461,0279519871,092
TOTAL ASSETS:1,2841,3401,7311,5211,5041,5621,678
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities136126196170178254168
Accounts payable130121190164173157161
Accrued liabilities     41 
Employee-related liabilities     47 
Taxes payable     47
Interest and dividends payable666555 
Debt231111976 
Accrued environmental loss contingencies92329251310
Other liabilities6373111119106111123
Other undisclosed current liabilities     (92)(2)
Total current liabilities:231233347323304280288
Noncurrent Liabilities
Long-term debt and lease obligation337401470364357399442
Long-term debt, excluding current maturities337401470364357399442
Liabilities, other than long-term debt16088205181180234263
Deferred tax liabilities, net 845576104141
Deferred income tax liabilities76
Other liabilities8488121126103130122
Other undisclosed noncurrent liabilities 79     
Total noncurrent liabilities:497568675544536633706
Total liabilities:7288011,022867840912994
Stockholders' equity
Stockholders' equity attributable to parent556539709654663649684
Common stock1111111
Treasury stock, value(152)(157)(162)(163)(165)(170)(164)
Additional paid in capital60626358555454
Accumulated other comprehensive loss(78)(137)(141)(205)(190)(155)(75)
Retained earnings726770948963963919869
Total stockholders' equity:556539709654663649684
TOTAL LIABILITIES AND EQUITY:1,2841,3401,7311,5211,5041,5621,678

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues9288661,5961,6111,6671,8101,726
Revenue, net1,5961,6111,6671,8101,726
Cost of revenue
(Cost of Goods and Services Sold)
(780)(736)(1,404)(1,392)(1,464)(1,581)(1,514)
Other undisclosed gross profit     67
Gross profit:148130193219203235219
Operating expenses(93)(108)(134)(191)(107)(138)(142)
Other undisclosed operating income     1010
Operating income:552258289610787
Nonoperating expense(89)(15)(19)(17)(18)(19)(17)
Interest and debt expense(10)(16)(18)(16)(17)(19)(18)
Other undisclosed income from continuing operations before equity method investments, income taxes     1918
Income (loss) from continuing operations before equity method investments, income taxes:(45)(8)22(5)618769
Other undisclosed income from continuing operations before income taxes1016181617  
Income (loss) from continuing operations before income taxes:(34)73911798769
Income tax expense (benefit)9(8)(31)11(14)(18)(2)
Income (loss) from continuing operations:(25)(0)822656967
Income (loss) from discontinued operations4(177)     
Net income (loss) attributable to parent:(22)(178)822656967
Other undisclosed net loss available to common stockholders, basic      (51)
Net income (loss) available to common stockholders, diluted:(22)(178)822656916

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(22)(178)822656967
Other comprehensive income (loss)602664(14)(36)(80)89
Comprehensive income (loss), net of tax, attributable to parent:38(152)72729(10)156

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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