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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7970649111013
Cash and cash equivalents7970649111013
Restricted cash and investments  01014  
Receivables456529553564649766699
Inventory, net of allowances, customer advances and progress billings211301247265280288273
Inventory211301247265280288273
Disposal group, including discontinued operation57      
Assets held-for-sale26
Deferred tax assets    4848
Other current assets10948456552119 
Other undisclosed current assets  (0)(10)(14)(50)36
Total current assets:9119479099039911,1821,074
Noncurrent Assets
Operating lease, right-of-use asset98
Property, plant and equipment1,0371,2571,3781,5201,6761,8561,926
Long-term investments and receivables444444257
Long-term investments444444257
Intangible assets, net (including goodwill), including:2401674360111925995
Goodwill10355  (808)776773
Intangible assets, net (excluding goodwill)1371134360111149222
Other undisclosed intangible assets, net (including goodwill)    808 
Restricted cash and investments      52
Disposal group, including discontinued operation, noncurrent assets1     
Other noncurrent assets1289411984667362
Deferred tax assets, net    (384)(395)
Other undisclosed noncurrent assets     384395
Total noncurrent assets:1,5061,5231,5441,6681,8562,8953,091
TOTAL ASSETS:2,4172,4692,4522,5702,8484,0774,166
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities720803698680706996972
Accounts payable417511382324359407401
Accrued liabilities303292317357348358351
Employee-related liabilities     191174
Taxes payable     4046
Debt7848489210096135
Disposal group, including discontinued operation16      
Other liabilities303292317359349360 
Other undisclosed current liabilities(303)(292)(317)(357)(348)(590)(218)
Total current liabilities:813851746775807863889
Noncurrent Liabilities
Long-term debt and lease obligation1,1358939171,0391,2501,3291,272
Long-term debt, excluding current maturities1,0598839041,0201,2401,3201,266
Finance lease, liability6
Capital lease obligations10141910107
Operating lease, liability70
Liabilities, other than long-term debt, including:224265267315367733708
Deferred tax liabilities, net   59384395
Deferred income tax liabilities3
Restructuring reserve     69
Disposal group, including discontinued operation, liabilities1      
Other liabilities221233225275301339304
Other undisclosed liabilities, other than long-term debt(1)32424173 
Other undisclosed noncurrent liabilities1     10
Total noncurrent liabilities:1,3591,1581,1841,3541,6162,0621,989
Total liabilities:2,1732,0091,9302,1292,4242,9252,878
Stockholders' equity
Stockholders' equity attributable to parent, including:2274435224404231,1531,289
Treasury stock, value(32)(57)(53)(113)(194)(219)(249)
Additional paid in capital847861861912957971983
Accumulated other comprehensive loss(167)(152)(124)(153)(153)(117)(6)
Retained earnings (accumulated deficit)(424)(211)(163)(206)(188)515559
Other undisclosed stockholders' equity attributable to parent111  11
Stockholders' equity attributable to noncontrolling interest1818    (1)
Other undisclosed stockholders' equity   11  
Total stockholders' equity:2444605224424241,1531,288
TOTAL LIABILITIES AND EQUITY:2,4172,4692,4522,5702,8484,0774,166

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues3,9234,1944,1314,3304,6784,8624,796
Revenue, net4,1944,1314,3304,6784,8624,796
Cost of revenue(3,192)(3,429)(3,259)(3,395)(4,483)(3,892)(3,802)
Cost of goods and services sold(3,192)(3,429)(3,259)(3,395)(3,761)(3,892)(3,802)
Gross profit:731764872935194971994
Operating expenses(697)(706)(707)(812)(1,024)(921)(939)
Other undisclosed operating income     9187
Operating income (loss):3558165122(830)141142
Nonoperating income (expense)
(Foreign Currency Transaction loss, before Tax)
     (6)(6)
Interest and debt expense(121)(73)(74)(63)(88)(100)(86)
Other undisclosed income from continuing operations before equity method investments, income taxes612   66
Income (loss) from continuing operations before equity method investments, income taxes:(80)(3)9159(918)4157
Income (loss) from equity method investments(0)1 (1)(6)(3)(3)
Income (loss) from continuing operations before income taxes:(80)(2)9158(925)3954
Income tax expense (benefit)241016(13)283(20)(23)
Income (loss) from continuing operations:(56)810745(642)1831
Loss from discontinued operations(101)      
Net income (loss):(156)810745(642)1831
Net income attributable to noncontrolling interest 1   02
Net income (loss) attributable to parent:(156)910745(642)1933
Other undisclosed net loss available to common stockholders, basic     (0)(1)
Net income (loss) available to common stockholders, diluted:(156)910745(642)1831

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(156)810745(642)1831
Other comprehensive income (loss)(15)(25)28(0)(36)(111)55
Comprehensive income (loss):(171)(17)13545(678)(93)86
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 1   (0)(2)
Other undisclosed comprehensive income, net of tax, attributable to parent     13
Comprehensive income (loss), net of tax, attributable to parent:(171)(16)13545(678)(92)87

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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