Meadwestvaco Corp (MWV) Financial Statements (2024 and earlier)

Company Profile

Business Address 501 SOUTH 5TH STREET
RICHMOND, VA 23219-0501
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 2621 - Paper Mills (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2015
MRQ
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 4541,057663
Cash and cash equivalents 4541,057663
Receivables 608625607
Inventory, net of allowances, customer advances and progress billings 673686661
Inventory 673686661
Disposal group, including discontinued operation 104  
Other current assets 135108
Prepaid expense and other current assets135
Total current assets: 1,9742,4762,066
Noncurrent Assets
Property, plant and equipment 3,4223,6473,740
Long-term investments and receivables   398
Accounts and financing receivable, after allowance for credit loss   398
Intangible assets, net (including goodwill) 9329901,014
Goodwill 692716719
Intangible assets, net (excluding goodwill) 240274295
Restricted cash and investments   398
Other noncurrent assets 644713
Prepaid expense and other noncurrent assets1,125
Defined benefit plan, assets for plan benefits 1,3741,4751,258
Other undisclosed noncurrent assets 1,018984(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 liabilities 1,1851,4261,271
Interest and dividends payable 61  
Taxes payable 3617436
Employee-related liabilities 160155192
Accounts payable 540563597
Accrued liabilities 388534446
Debt 827963
Restructuring reserve 9
Disposal group, including discontinued operation 19  
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 obligation 1,7901,8162,100
Liabilities, other than long-term debt 2,0322,0822,324
Deferred tax liabilities, net 1,3301,3481,026
Disposal group, including discontinued operation, liabilities 7  
Other liabilities 6957341,298
Other undisclosed noncurrent liabilities 1,1051,112 
Total noncurrent liabilities: 4,9275,0104,424
Total liabilities: 5,9566,1865,530
Equity
Equity, attributable to parent 3,2543,9443,360
Common stock 222
Additional paid in capital 2,8723,1723,234
Accumulated other comprehensive loss (486)(180)(184)
Retained earnings 866950308
Equity, attributable to noncontrolling interest 15415518
Total equity: 3,4084,0993,378
TOTAL LIABILITIES AND EQUITY: 9,36410,2858,908

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

3/31/2015
TTM
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 income 55106
Investment income, nonoperating 571411
Loss, foreign currency transaction, 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 before gain (loss) on sale of properties: 281838208
Income (loss) from discontinued operations 1519(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)

3/31/2015
TTM
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 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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