Sealed Air Corporation (SEE) financial statements (2021 and earlier)

Company profile

Business Address 2415 CASCADE POINTE BOULEVARD
CHARLOTTE, NC 28208
State of Incorp. DE
Fiscal Year End December 31
SIC 282 - Plastics Materials And Synthetic Resins, Synthetic (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 investments262272594364358323992
Cash and cash equivalents262272594364358323992
Restricted cash and investments   5356  
Receivables6706137281,0539061,4061,126
Inventory, net of allowances, customer advances and progress billings570545507660661708688
Inventory570545507660661708688
Disposal group, including discontinued operation31431027 
Other undisclosed current assets591253482224228611
Total current assets:1,5641,5551,8662,2152,2162,6923,418
Noncurrent Assets
Operating lease, right-of-use asset90
Property, plant and equipment1,1421,0369981,060 9931,135
Intangible assets, net (including goodwill)2,3992,0492,0233,5667843,8784,132
Goodwill2,2171,9481,9402,856 3,0063,115
Intangible assets, net (excluding goodwill)182102847107848721,017
Deferred income tax assets239
Other noncurrent assets332239216337381373387
Other undisclosed noncurrent assets 1711762114,04510663
Total noncurrent assets:4,2013,4953,4145,1745,2105,3505,717
TOTAL ASSETS:5,7655,0505,2807,3897,4268,0429,134
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7517897718866751,058560
Accounts payable739765724886675639525
Employee-related liabilities     335 
Taxes payable122447  3836
Interest and dividends payable     46 
Debt116    132283
Restructuring reserve303415455456
Disposal group, including discontinued operation  2    
Deferred tax liabilities    58
Other liabilities514429562768790900890
Other undisclosed current liabilities2623828421289(419)959
Total current liabilities:1,4361,4891,3782,1191,8071,7312,701
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,6993,2373,2313,9384,3034,2834,116
Long-term debt, excluding current maturities312965422
Finance lease, liability29
Operating lease, liability66
Other undisclosed long-term debt and lease obligation3,5733,2073,2243,9334,2994,2814,114
Liabilities, other than long-term debt7726745197227891,145927
Accounts payable and accrued liabilities     279 
Asset retirement obligations11      
Deferred tax liabilities, net20295175162279
Deferred income tax liabilities31
Other liabilities730653491671714704648
Other undisclosed noncurrent liabilities55    (279) 
Total noncurrent liabilities:4,5253,9103,7504,6615,0925,1485,043
Total liabilities:5,9615,3995,1286,7796,8996,8797,744
Stockholders' equity
Stockholders' equity attributable to parent, including:(196)(349)1526105271,1631,389
Common stock23232323232321
Treasury stock, value(3,382)(3,337)(2,701)(1,478)(1,266)(481)(328)
Additional paid in capital2,0742,0501,9401,9741,9151,7871,695
Accumulated other comprehensive loss(909)(920)(845)(949)(820)(614)(277)
Retained earnings1,9991,8361,7351,040675449276
Other undisclosed stockholders' equity attributable to parent      2
Stockholders' equity attributable to noncontrolling interest      1
Total stockholders' equity:(196)(349)1526105271,1631,391
TOTAL LIABILITIES AND EQUITY:5,7655,0505,2807,3897,4268,0429,134

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
Revenues4,7914,7334,4626,7787,0327,7517,691
Revenue, net4,4626,7787,0327,7517,691
Cost of revenue(3,226)(3,231)(3,044)(4,247)(4,445)(5,063)(5,103)
Gross profit:1,5651,5021,4172,5322,5872,6882,588
Operating expenses(944)(782)(809)(1,605)(1,652)(2,328)(2,275)
Other undisclosed operating income (loss)(42)(64)(12)(108)(171)294290
Operating income:579656596819763654602
Nonoperating income (expense)(20)(18)(19)112017(11)
Investment income, nonoperating   13141611
Foreign currency transaction gain (loss), before tax(8)  85(8)(11)
Other nonoperating income (expense)8(1)(6)(3)49(12)
Interest and debt expense(184)(178)(202)(213)(338)(390)(397)
Other undisclosed loss from continuing operations before equity method investments, income taxes     (13)(16)
Income from continuing operations before equity method investments, income taxes:375460376617446267178
Other undisclosed income (loss) from continuing operations before income taxes(5)(3)18(51)(20)  
Income from continuing operations before income taxes:370458393566426267178
Income tax expense(77)(308)(331)(80)(91)(9)(84)
Income from continuing operations:2941506348633525894
Income from discontinued operations      8
Income before gain (loss) on sale of properties:29415063486335258101
Extraordinary item, gain 20
Other undisclosed net income (loss)     (20)23
Net income:29415063486335258124
Net income attributable to noncontrolling interest      1
Other undisclosed net income (loss) attributable to parent(31)43752    
Net income attributable to parent:263193815486335258125
Undistributed earnings (loss) allocated to participating securities, basic (1) 
Other undisclosed net loss available to common stockholders, basic(1)(0)(5)(3)(2)(2)(2)
Net income available to common stockholders, basic:263192810483333257124
Dilutive securities, effect on basic earnings per share014321 
Other undisclosed net loss available to common stockholders, diluted(0)(1)(4)(3)(2)(1) 
Net income available to common stockholders, diluted:263192810483333257124

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:29415063486335258124
Other comprehensive income (loss)11(62)104(129)(206)(336) 
Comprehensive income (loss):30588167357129(78)124
Comprehensive loss, net of tax, attributable to noncontrolling interest      (1)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(31)43752   (112)
Comprehensive income (loss), net of tax, attributable to parent:274131919357129(78)12

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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