Primo Water Corporation (PRMW) financial statements (2022 and earlier)

Company profile

Business Address 4221 W. BOY SCOUT BLVD.
TAMPA, FL 33607
State of Incorp.
Fiscal Year End December 31
SIC 2086 - Bottled and Canned Soft Drinks and Carbonated Waters (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

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 investments1281152061719211877
Cash and cash equivalents1281152061719211877
Receivables262222279308285404293
Inventory, net of allowances, customer advances and progress billings9584123130128301249
Inventory9584123130128301249
Disposal group, including discontinued operation    409  
Other undisclosed current assets25213527213019
Total current assets:510443642636934853639
Noncurrent Assets
Finance lease, right-of-use asset907132
Operating lease, right-of-use asset177181203
Property, plant and equipment   625584930770
Intangible assets, net (including goodwill)2,2912,2721,8771,8831,8562,115760
Goodwill1,3211,2841,1761,1441,1051,175760
Intangible assets, net (excluding goodwill)970988701739751940 
Regulated entity, other noncurrent assets171514    
Disposal group, including discontinued operation, noncurrent assets    678  
Other noncurrent assets272421323941 
Other undisclosed noncurrent assets611599602020719
Total noncurrent assets:3,2143,1622,7492,5403,1593,0872,249
TOTAL ASSETS:3,7233,6053,3913,1764,0933,9402,887
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:438388466469413597438
Accounts payable181135200206197340227
Accrued liabilities8871707270112107
Employee-related liabilities52565947486450
Taxes payable24251722131813
Interest and dividends payable9152424191212
Other undisclosed accounts payable and accrued liabilities83869598675229
Debt24012610092225213125
Disposal group, including discontinued operation    295  
Other undisclosed current liabilities323642    
Total current liabilities:710549608561933810563
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,5461,4711,2601,2501,5431,9881,525
Long-term debt, excluding current maturities1,3211,345  1,543  
Finance lease, liability765825
Operating lease, liability149 168
Other undisclosed long-term debt and lease obligation 671,0681,250 1,9881,525
Liabilities, other than long-term debt224216189194212268153
Deferred tax liabilities, net1249815877
Deferred income tax liabilities159148127
Disposal group, including discontinued operation, liabilities    46  
Other liabilities656862706811077
Other undisclosed noncurrent liabilities(76)22168 519  
Total noncurrent liabilities:1,6941,7091,6171,4442,2742,2561,678
Total liabilities:2,4032,2582,2252,0053,2073,0662,241
Stockholders' equity
Stockholders' equity attributable to parent1,3201,3471,1661,170880869639
Common stock1,2871,268892899917909535
Additional paid in capital86857774695451
Accumulated other comprehensive loss(69)(87)(69)(102)(94)(118)(76)
Retained earnings (accumulated deficit)1681265299(12)23130
Stockholders' equity attributable to noncontrolling interest    657
Total stockholders' equity:1,3201,3471,1661,170886874646
TOTAL LIABILITIES AND EQUITY:3,7233,6053,3913,1764,0933,9402,887

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues2,0731,9542,3952,3732,2703,2362,944
Revenue, net2,2703,2362,944
Cost of revenue(916)(840)(1,167)(1,197)(1,142)(2,162)(2,049)
Gross profit:1,1571,1141,2281,1761,1281,074896
Operating expenses(1,054)(1,166)(1,137)(1,117)(1,079)(992)(796)
Operating income (loss):103(52)9059498299
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(28)(19)(3)433(4)10
Interest and debt expense(69)(82)(78)(78)(86)(124)(111)
Income (loss) from continuing operations before income taxes:6(153)924(34)(46)(2)
Income tax expense (benefit)(10)(4)(10)530(26)23
Income (loss) from continuing operations:(3)(157)(0)29(4)(72)21
Income from discontinued operations 25335511  
Net income (loss):(3)(132)33847(72)21
Net loss attributable to noncontrolling interest   (1)(9)(6)(6)
Net income (loss) attributable to parent:(3)(132)3383(1)(78)15
Other undisclosed net loss available to common stockholders, basic      (18)
Net income (loss) available to common stockholders, diluted:(3)(132)3383(1)(78)(3)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(3)(132)33847(72)21
Other comprehensive income (loss) (18)33(7)24(42)(26)
Comprehensive income (loss):(3)(150)3637631(113)(5)
Comprehensive loss, net of tax, attributable to noncontrolling interest   (1)(9)(6)(6)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent18     (18)
Comprehensive income (loss), net of tax, attributable to parent:14(150)3637622(120)(29)

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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