Pactiv Evergreen Inc. (PTVE) financial statements (2022 and earlier)

Company profile

Business Address 1900 W. FIELD COURT
LAKE FOREST, IL 60045
State of Incorp. DE
Fiscal Year End December 31
SIC 2673 - Plastics, Foil, and Coated Paper Bags (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments197458
Cash and cash equivalents197458
Receivables522430
Inventory, net of allowances, customer advances and progress billings854784
Inventory854784
Disposal group, including discontinued operation16226
Other current assets127175
Total current assets:1,8621,873
Noncurrent Assets
Operating lease, right-of-use asset278260
Property, plant and equipment1,7861,685
Intangible assets, net (including goodwill)2,9392,852
Goodwill1,8121,760
Intangible assets, net (excluding goodwill)1,1271,092
Deferred income tax assets77
Other noncurrent assets149166
Total noncurrent assets:5,1594,970
TOTAL ASSETS:7,0216,843
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities687645
Accounts payable364313
Accrued liabilities315322
Taxes payable810
Debt3015
Due to related parties1010
Disposal group, including discontinued operation3112
Other undisclosed current liabilities6157
Total current liabilities:819739
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,2203,965
Operating lease, liability229217
Other undisclosed long-term debt and lease obligation3,9913,748
Liabilities, other than long-term debt465848
Deferred income tax liabilities246193
Liability, pension and other postretirement and postemployment benefits79519
Other liabilities140136
Other undisclosed noncurrent liabilities229217
Total noncurrent liabilities:4,9145,030
Total liabilities:5,7335,769
Stockholders' equity
Stockholders' equity attributable to parent1,2841,071
Additional paid in capital625614
Accumulated other comprehensive loss(99)(349)
Retained earnings758806
Stockholders' equity attributable to noncontrolling interest43
Total stockholders' equity:1,2881,074
TOTAL LIABILITIES AND EQUITY:7,0216,843

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

12/31/2021
12/31/2020
Revenues5,4374,689
Cost of revenue
(Cost of Goods and Services Sold)
(4,863)(3,969)
Gross profit:574720
Operating expenses(466)(476)
Other operating income (expense), net20(33)
Other undisclosed operating loss(9)(28)
Operating income:119183
Nonoperating income10166
Investment income, nonoperating221
Interest and debt expense117
Other undisclosed loss from continuing operations before equity method investments, income taxes (388)
Income (loss) from continuing operations before equity method investments, income taxes:221(122)
Other undisclosed loss from continuing operations before income taxes(192) 
Income (loss) from continuing operations before income taxes:29(122)
Income tax benefit4112
Income (loss) from continuing operations:33(10)
Loss from discontinued operations(8)(15)
Net income (loss):25(25)
Net loss attributable to noncontrolling interest(2)(2)
Net income (loss) available to common stockholders, diluted:23(27)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
Net income (loss):25(25)
Other comprehensive income2508
Comprehensive income (loss):275(17)
Comprehensive loss, net of tax, attributable to noncontrolling interest(2)(2)
Comprehensive income (loss), net of tax, attributable to parent:273(19)

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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