The ODP Corporation (ODP) financial statements (2023 and earlier)

Company profile

Business Address 6600 NORTH MILITARY TRAIL
BOCA RATON, FL 33496
State of Incorp. DE
Fiscal Year End December 31
SIC 594 - Miscellaneous Shopping Goods Stores (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)
Annual | Quarterly

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 investments5147296986586227631,069
Cash and cash equivalents5147296986586227631,069
Receivables4956311,4188859316871,166
Inventory, net of allowances, customer advances and progress billings8599301,0321,0651,0931,2791,698
Inventory8599301,0321,0651,0931,2791,698
Prepaid expense436561114
Contract with customer, asset16152322✕✕✕
Disposal group, including discontinued operation469  613914230
Other undisclosed current assets324727042809183
Total current assets:2,3892,3553,4472,6832,8712,9734,060
Noncurrent Assets
Operating lease, right-of-use asset9361,1701,413✕✕✕✕
Property, plant and equipment477576679763725601785
Long-term investments and receivables   842863885905
Accounts and financing receivable, after allowance for credit loss   842863885905
Intangible assets, net (including goodwill)5189661,3321,3361,299396432
Goodwill464609944914851363378
Intangible assets, net (excluding goodwill)543573884224483354
Contract with customer, asset, net  1717✕✕✕
Regulated entity, other noncurrent assets      (3)
Deferred income tax assets219162 ✕✕✕✕
Other noncurrent assets326329257258260219236
Other undisclosed noncurrent assets  16626730546627
Total noncurrent assets:2,4763,2033,8643,4833,4522,5672,382
TOTAL ASSETS:4,8655,5587,3116,1666,3235,5406,442
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9619311,1841,1128978961,332
Accounts payable9509191,0261,1108928931,319
Employee-related liabilities  150    
Taxes payable1112825313
Deferred revenue  52✕✕✕✕
Debt202410695962956
Disposal group, including discontinued operation290   67104 
Other liabilities9941,1381,2199789861,0021,355
Other undisclosed current liabilities  533    
Total current liabilities:2,2652,0933,0942,1852,0462,0312,743
Noncurrent Liabilities
Long-term debt and lease obligation, including:228354575690936358634
Long-term debt, excluding current maturities3      
Finance lease, liability35  ✕✕✕✕
Operating lease, liability 9911,208✕✕✕✕
Other undisclosed long-term debt and lease obligation190(637)(633)690936358634
Liabilities, other than long-term debt24478611295150202
Deferred revenue241✕✕✕✕
Contract with customer, liability✕✕✕1✕✕✕
Liability, pension and other postretirement and postemployment benefits22438511191140184
Off-market lease, unfavorable    41018
Other undisclosed noncurrent liabilities9101,1841,3831,0531,1081,1491,260
Total noncurrent liabilities:1,1621,5852,0441,8552,1391,6572,096
Total liabilities:3,4273,6785,1384,0404,1853,6884,839
Temporary equity, carrying amount    18  
Stockholders' equity
Stockholders' equity attributable to parent1,4381,8802,1732,1262,1201,8521,603
Common stock1166666
Treasury stock, value(632)(355)(325)(285)(246)(190)(58)
Additional paid in capital2,6922,6752,6472,6772,7112,6182,607
Accumulated other comprehensive income (loss)(6)(32)(66)(99)(78)(129)30
Accumulated deficit(617)(409)(89)(173)(273)(453)(982)
Total stockholders' equity:1,4381,8802,1732,1262,1201,8521,603
TOTAL LIABILITIES AND EQUITY:4,8655,5587,3116,1666,3235,5406,442

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues8,4659,71010,64711,01510,24011,02114,485
Revenue, net✕✕✕✕10,24011,02114,485
Cost of revenue
(Cost of Goods and Services Sold)		(6,602)(7,578)(8,183)(8,464)(7,779)(8,313)(10,983)
Gross profit:1,8632,1322,4642,5512,4612,7083,502
Operating expenses(1,578)(2,263)(2,157)(2,225)(2,026)(2,257)(3,166)
Other undisclosed operating income (loss)(51)(121)(116)(72)(94)80(221)
Operating income (loss):234(252)191254341531115
Nonoperating income25114440202325
Investment income, nonoperating142325222224
Other nonoperating income (expense)2472115(2)11
Interest and debt expense(28)(54)(89)(136)(62)(95)(93)
Income (loss) from continuing operations before income taxes:231(295)14615829945947
Income tax expense (benefit)(44)(24)(47)(59)(153)220(39)
Income (loss) before gain (loss) on sale of properties:187(319)99991466798
Other undisclosed net loss     (150) 
Net income (loss):187(319)99991465298
Other undisclosed net income (loss) attributable to parent(395)  535  
Net income (loss) available to common stockholders, diluted:(208)(319)991041815298

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):187(319)99991465298
Other comprehensive income (loss)263433(21)51(159)(77)
Comprehensive income (loss):213(285)13278197370(69)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(395)  535  
Comprehensive income (loss), net of tax, attributable to parent:(182)(285)13283232370(69)

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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