Sealed Air Corporation (SEE) financial statements (2022 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)

12/31/2021
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 investments561549262272594364358
Cash and cash equivalents561549262272594364358
Restricted cash and investments     5356
Receivables7336826706137281,053906
Inventory, net of allowances, customer advances and progress billings726597570545507660661
Inventory726597570545507660661
Disposal group, including discontinued operation 0314310
Other undisclosed current assets5054591253482224
Total current assets:2,0701,8821,5641,5551,8662,2152,216
Noncurrent Assets
Operating lease, right-of-use asset647690
Property, plant and equipment1,2321,1901,1421,0369981,060 
Intangible assets, net (including goodwill)2,3422,3942,3992,0492,0233,566784
Goodwill2,1892,2232,2171,9481,9402,856 
Intangible assets, net (excluding goodwill)15317118210284710784
Disposal group, including discontinued operation, noncurrent assets2      
Deferred income tax assets138187239
Other noncurrent assets382356332239216337381
Other undisclosed noncurrent assets   1711762114,045
Total noncurrent assets:4,1604,2024,2013,4953,4145,1745,210
TOTAL ASSETS:6,2296,0845,7655,0505,2807,3897,426
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities983774751789771886675
Accounts payable960754739765724886675
Taxes payable2320122447  
Debt48930116    
Restructuring reserve10123034154554
Disposal group, including discontinued operation    2  
Other liabilities505527514429562768790
Other undisclosed current liabilities21242623828421289
Total current liabilities:2,0071,3671,4361,4891,3782,1191,807
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,2203,7313,6993,2373,2313,9384,303
Long-term debt, excluding current maturities26253129654
Finance lease, liability192429
Operating lease, liability455366
Other undisclosed long-term debt and lease obligation3,1303,6293,5733,2073,2243,9334,299
Liabilities, other than long-term debt717770772674519722789
Asset retirement obligations81111    
Deferred tax liabilities, net20295175
Deferred income tax liabilities473131
Disposal group, including discontinued operation, liabilities1      
Other liabilities662728730653491671714
Other undisclosed noncurrent liabilities364355    
Total noncurrent liabilities:3,9734,5444,5253,9103,7504,6615,092
Total liabilities:5,9815,9115,9615,3995,1286,7796,899
Stockholders' equity
Stockholders' equity attributable to parent249173(196)(349)152610527
Common stock23232323232323
Treasury stock, value(3,755)(3,381)(3,382)(3,337)(2,701)(1,478)(1,266)
Additional paid in capital2,1232,0932,0742,0501,9401,9741,915
Accumulated other comprehensive loss(934)(964)(909)(920)(845)(949)(820)
Retained earnings2,7912,4011,9991,8361,7351,040675
Total stockholders' equity:249173(196)(349)152610527
TOTAL LIABILITIES AND EQUITY:6,2296,0845,7655,0505,2807,3897,426

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
Revenues5,5344,9034,7914,7334,4626,7787,032
Revenue, net4,4626,7787,032
Cost of revenue(3,853)(3,294)(3,226)(3,231)(3,044)(4,247)(4,445)
Gross profit:1,6811,6091,5651,5021,4172,5322,587
Operating expenses(811)(810)(944)(782)(809)(1,605)(1,652)
Other undisclosed operating income (loss)31(11)(42)(64)(12)(108)(171)
Operating income:901788579656596819763
Nonoperating income (expense)(17)17(20)(18)(19)1120
Investment income, nonoperating     1314
Foreign currency transaction gain (loss), before tax(1)2(8)  85
Other nonoperating income (expense)868(1)(6)(3)4
Interest and debt expense(168)(174)(184)(178)(202)(213)(338)
Income from continuing operations before equity method investments, income taxes:716631375460376617446
Other undisclosed income (loss) from continuing operations before income taxes (5)(5)(3)18(51)(20)
Income from continuing operations before income taxes:716626370458393566426
Income tax expense(225)(142)(77)(308)(331)(80)(91)
Net income:49148429415063486335
Other undisclosed net income (loss) attributable to parent1619(31)43752  
Net income attributable to parent:507503263193815486335
Undistributed earnings (loss) allocated to participating securities, basic   (1) 
Other undisclosed net loss available to common stockholders, basic (0)(1)(0)(5)(3)(2)
Net income available to common stockholders, basic:507503263192810483333
Dilutive securities, effect on basic earnings per share 001432
Other undisclosed net loss available to common stockholders, diluted (0)(0)(1)(4)(3)(2)
Net income available to common stockholders, diluted:507503263192810483333

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:49148429415063486335
Other comprehensive income (loss)30(55)11(62)104(129)(206)
Comprehensive income:52143030588167357129
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1619(31)43752  
Comprehensive income, net of tax, attributable to parent:536448274131919357129

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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