Quad Graphics, Inc (QUAD) financial statements (2021 and earlier)

Company profile

Business Address N61 W23044 HARRY'S WAY
SUSSEX, WI 53089-3995
State of Incorp. WI
Fiscal Year End December 31
SIC 275 - Commercial Printing (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5579706491110
Cash and cash equivalents5579706491110
Restricted cash and investments   01014 
Receivables399456529553564649766
Inventory, net of allowances, customer advances and progress billings170211301247265280288
Inventory170211301247265280288
Disposal group, including discontinued operation 57     
Assets held-for-sale, not part of disposal group5     
Assets held-for-sale2
Deferred tax assets    48
Other current assets 10948456552119
Other undisclosed current assets50  (0)(10)(14)(50)
Total current assets:6799119479099039911,182
Noncurrent Assets
Operating lease, right-of-use asset8198
Property, plant and equipment8841,0371,2571,3781,5201,6761,856
Long-term investments and receivables34444442
Long-term investments34444442
Intangible assets, net (including goodwill), including:2072401674360111925
Goodwill10310355  (808)776
Intangible assets, net (excluding goodwill)1041371134360111149
Other undisclosed intangible assets, net (including goodwill)     808 
Disposal group, including discontinued operation, noncurrent assets 1     
Other noncurrent assets7312894119846673
Deferred tax assets, net    (384)
Other undisclosed noncurrent assets      384
Total noncurrent assets:1,2491,5061,5231,5441,6681,8562,895
TOTAL ASSETS:1,9282,4172,4692,4522,5702,8484,077
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities631720803698680706996
Accounts payable320417511382324359407
Accrued liabilities311303292317357348358
Employee-related liabilities      191
Taxes payable      40
Debt247848489210096
Disposal group, including discontinued operation 16     
Other liabilities 303292317359349360
Other undisclosed current liabilities28(303)(292)(317)(357)(348)(590)
Total current liabilities:683813851746775807863
Noncurrent Liabilities
Long-term debt and lease obligation9591,1358939171,0391,2501,329
Long-term debt, excluding current maturities9031,0598839041,0201,2401,320
Finance lease, liability26
Capital lease obligations1014191010
Operating lease, liability5570
Liabilities, other than long-term debt, including:201224265267315367733
Deferred tax liabilities, net   59384
Deferred income tax liabilities43
Restructuring reserve      6
Disposal group, including discontinued operation, liabilities 1     
Other liabilities197221233225275301339
Other undisclosed liabilities, other than long-term debt (1)32424173
Other undisclosed noncurrent liabilities 1     
Total noncurrent liabilities:1,1601,3591,1581,1841,3541,6162,062
Total liabilities:1,8432,1732,0091,9302,1292,4242,925
Stockholders' equity
Stockholders' equity attributable to parent, including:842274435224404231,153
Treasury stock, value(13)(32)(57)(53)(113)(194)(219)
Additional paid in capital833847861861912957971
Accumulated other comprehensive loss(171)(167)(152)(124)(153)(153)(117)
Retained earnings (accumulated deficit)(566)(424)(211)(163)(206)(188)515
Other undisclosed stockholders' equity attributable to parent1111  1
Stockholders' equity attributable to noncontrolling interest11818    
Other undisclosed stockholders' equity    11 
Total stockholders' equity:852444605224424241,153
TOTAL LIABILITIES AND EQUITY:1,9282,4172,4692,4522,5702,8484,077

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2,9303,9234,1944,1314,3304,6784,862
Revenue, net4,1944,1314,3304,6784,862
Cost of revenue(2,335)(3,192)(3,429)(3,259)(3,395)(4,483)(3,892)
Cost of goods and services sold(2,335)(3,192)(3,429)(3,259)(3,395)(3,761)(3,892)
Gross profit:595731764872935194971
Operating expenses(641)(697)(706)(707)(812)(1,024)(921)
Other undisclosed operating income      91
Operating income (loss):(46)3558165122(830)141
Nonoperating income (expense)
(Foreign Currency Transaction loss, before Tax)
      (6)
Interest and debt expense(71)(121)(73)(74)(63)(88)(100)
Other undisclosed income from continuing operations before equity method investments, income taxes11612   6
Income (loss) from continuing operations before equity method investments, income taxes:(106)(80)(3)9159(918)41
Income (loss) from equity method investments(0)(0)1 (1)(6)(3)
Income (loss) from continuing operations before income taxes:(106)(80)(2)9158(925)39
Income tax expense (benefit)(0)241016(13)283(20)
Income (loss) from continuing operations:(107)(56)810745(642)18
Loss from discontinued operations(22)(101)     
Net income (loss):(129)(156)810745(642)18
Net income attributable to noncontrolling interest0 1   0
Net income (loss) attributable to parent:(128)(156)910745(642)19
Other undisclosed net loss available to common stockholders, basic      (0)
Net income (loss) available to common stockholders, diluted:(128)(156)910745(642)18

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(129)(156)810745(642)18
Other comprehensive income (loss)(4)(15)(25)28(0)(36)(111)
Comprehensive income (loss):(133)(171)(17)13545(678)(93)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0 1   (0)
Other undisclosed comprehensive income, net of tax, attributable to parent      1
Comprehensive income (loss), net of tax, attributable to parent:(132)(171)(16)13545(678)(92)

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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