Meadwestvaco Corp (MWV) financial statements (2020 and earlier)

Company profile

Business Address 501 SOUTH 5TH STREET
RICHMOND, VA 23219-0501
State of Incorp. DE
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)

12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4541,057663
Cash and cash equivalents4541,057663
Receivables608625607
Inventory, net of allowances, customer advances and progress billings673686661
Inventory673686661
Disposal group, including discontinued operation104  
Prepaid expense and other current assets135
Other current assets135108
Total current assets:1,9742,4762,066
Noncurrent Assets
Property, plant and equipment3,4223,6473,740
Long-term investments and receivables  398
Accounts and financing receivable, after allowance for credit loss  398
Intangible assets, net (including goodwill)9329901,014
Goodwill692716719
Intangible assets, net (excluding goodwill)240274295
Restricted cash and investments  398
Other noncurrent assets644713
Prepaid expense and other noncurrent assets1,125
Defined benefit plan, assets for plan benefits1,3741,4751,258
Other undisclosed noncurrent assets1,018984(1,091)
Total noncurrent assets:7,3907,8096,842
TOTAL ASSETS:9,36410,2858,908
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,1851,4261,271
Accounts payable540563597
Accrued liabilities388534446
Employee-related liabilities160155192
Taxes payable3617436
Interest and dividends payable61  
Debt827963
Restructuring reserve9
Disposal group, including discontinued operation19  
Deferred tax liabilities  1
Other undisclosed current liabilities(266)(329)(229)
Total current liabilities:1,0291,1761,106
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,7901,8162,100
Other undisclosed long-term debt and lease obligation1,7901,8162,100
Liabilities, other than long-term debt2,0322,0822,324
Deferred tax liabilities, net1,3301,3481,026
Disposal group, including discontinued operation, liabilities7  
Other liabilities6957341,298
Other undisclosed noncurrent liabilities1,1051,112 
Total noncurrent liabilities:4,9275,0104,424
Total liabilities:5,9566,1865,530
Stockholders' equity
Stockholders' equity attributable to parent3,2543,9443,360
Common stock222
Additional paid in capital2,8723,1723,234
Accumulated other comprehensive loss(486)(180)(184)
Retained earnings866950308
Stockholders' equity attributable to noncontrolling interest15415518
Total stockholders' equity:3,4084,0993,378
TOTAL LIABILITIES AND EQUITY:9,36410,2858,908

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

12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
5,6315,3895,459
Other undisclosed gross profit(4,465)(4,429)(4,329)
Gross profit:1,1669601,130
Operating expenses(199)(89)(93)
Operating income:9678711,037
Nonoperating income55106
Investment income, nonoperating571411
Foreign currency transaction loss, before tax(2)(4)(5)
Interest and debt expense(213)(159)(155)
Income from continuing operations before equity method investments, income taxes:809722888
Other undisclosed loss from continuing operations before income taxes(412)(500)(582)
Income from continuing operations before income taxes:397222306
Income tax expense (benefit)(117)97(91)
Income from continuing operations:280319215
Income (loss) from discontinued operations1519(7)
Net income:281838208
Net income (loss) attributable to noncontrolling interest(18)1(3)
Net income available to common stockholders, diluted:263839205

Comprehensive Income ($ in millions)

12/31/2014
12/31/2013
12/31/2012
Net income:281838208
Other comprehensive income (loss)(306)481
Comprehensive income (loss):(25)842289
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(18)(1)3
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 2(6)
Comprehensive income (loss), net of tax, attributable to parent:(43)843286

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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