Quad Graphics, Inc (QUAD) financial statements (2022 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)

12/31/2021
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 investments18055797064911
Cash and cash equivalents18055797064911
Restricted cash and investments    01014
Receivables362399456529553564649
Inventory, net of allowances, customer advances and progress billings226170211301247265280
Inventory226170211301247265280
Disposal group, including discontinued operation  57    
Assets held-for-sale, not part of disposal group 5     
Other current assets  10948456552
Other undisclosed current assets4150  (0)(10)(14)
Total current assets:809679911947909903991
Noncurrent Assets
Operating lease, right-of-use asset1268198
Property, plant and equipment7278841,0371,2571,3781,5201,676
Long-term investments and receivables 344444
Long-term investments 344444
Intangible assets, net (including goodwill), including:1622072401674360111
Goodwill8610310355  (808)
Intangible assets, net (excluding goodwill)751041371134360111
Other undisclosed intangible assets, net (including goodwill)      808
Disposal group, including discontinued operation, noncurrent assets  1    
Other noncurrent assets6773128941198466
Total noncurrent assets:1,0811,2491,5061,5231,5441,6681,856
TOTAL ASSETS:1,8901,9282,4172,4692,4522,5702,848
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities682631720803698680706
Accounts payable367320417511382324359
Accrued liabilities314311303292317357348
Debt2472478484892100
Disposal group, including discontinued operation  16    
Other liabilities  303292317359349
Other undisclosed current liabilities2828(303)(292)(317)(357)(348)
Total current liabilities:957683813851746775807
Noncurrent Liabilities
Long-term debt and lease obligation6569591,1358939171,0391,250
Long-term debt, excluding current maturities5559031,0598839041,0201,240
Finance lease, liability126
Capital lease obligations10141910
Operating lease, liability1005570
Liabilities, other than long-term debt, including:140201224265267315367
Deferred tax liabilities, net   59
Deferred income tax liabilities1243
Disposal group, including discontinued operation, liabilities  1    
Other liabilities128197221233225275301
Other undisclosed liabilities, other than long-term debt  (1)3242417
Other undisclosed noncurrent liabilities  1    
Total noncurrent liabilities:7961,1601,3591,1581,1841,3541,616
Total liabilities:1,7531,8432,1732,0091,9302,1292,424
Stockholders' equity
Stockholders' equity attributable to parent, including:13784227443522440423
Treasury stock, value(15)(13)(32)(57)(53)(113)(194)
Additional paid in capital839833847861861912957
Accumulated other comprehensive loss(161)(171)(167)(152)(124)(153)(153)
Accumulated deficit(528)(566)(424)(211)(163)(206)(188)
Other undisclosed stockholders' equity attributable to parent11111  
Stockholders' equity attributable to noncontrolling interest 11818   
Other undisclosed stockholders' equity     11
Total stockholders' equity:13785244460522442424
TOTAL LIABILITIES AND EQUITY:1,8901,9282,4172,4692,4522,5702,848

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
Revenues2,9602,9303,9234,1944,1314,3304,678
Revenue, net4,1944,1314,3304,678
Cost of revenue(2,421)(2,335)(3,192)(3,429)(3,259)(3,395)(4,483)
Cost of goods and services sold(2,390)(2,335)(3,192)(3,429)(3,259)(3,395)(3,761)
Gross profit:539595731764872935194
Operating expenses(447)(641)(697)(706)(707)(812)(1,024)
Operating income (loss):93(46)3558165122(830)
Interest and debt expense(60)(71)(121)(73)(74)(63)(88)
Other undisclosed income from continuing operations before equity method investments, income taxes1511612   
Income (loss) from continuing operations before equity method investments, income taxes:47(106)(80)(3)9159(918)
Income (loss) from equity method investments0(0)(0)1 (1)(6)
Income (loss) from continuing operations before income taxes:47(106)(80)(2)9158(925)
Income tax expense (benefit)(10)(0)241016(13)283
Income (loss) from continuing operations:38(107)(56)810745(642)
Loss from discontinued operations (22)(101)    
Net income (loss):38(129)(156)810745(642)
Net income attributable to noncontrolling interest 0 1   
Net income (loss) available to common stockholders, diluted:38(128)(156)910745(642)

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):38(129)(156)810745(642)
Other comprehensive income (loss)10(4)(15)(25)28(0)(36)
Comprehensive income (loss):48(133)(171)(17)13545(678)
Comprehensive income, net of tax, attributable to noncontrolling interest 0 1   
Comprehensive income (loss), net of tax, attributable to parent:48(132)(171)(16)13545(678)

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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