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)

12/31/2020
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 investments549262272594364358323
Cash and cash equivalents549262272594364358323
Restricted cash and investments    5356 
Receivables6826706137281,0539061,406
Inventory, net of allowances, customer advances and progress billings597570545507660661708
Inventory597570545507660661708
Disposal group, including discontinued operation031431027
Other undisclosed current assets54591253482224228
Total current assets:1,8821,5641,5551,8662,2152,2162,692
Noncurrent Assets
Operating lease, right-of-use asset7690
Property, plant and equipment1,1901,1421,0369981,060 993
Intangible assets, net (including goodwill)2,3942,3992,0492,0233,5667843,878
Goodwill2,2232,2171,9481,9402,856 3,006
Intangible assets, net (excluding goodwill)17118210284710784872
Deferred income tax assets187239
Other noncurrent assets356332239216337381373
Other undisclosed noncurrent assets  1711762114,045106
Total noncurrent assets:4,2024,2013,4953,4145,1745,2105,350
TOTAL ASSETS:6,0845,7655,0505,2807,3897,4268,042
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7747517897718866751,058
Accounts payable754739765724886675639
Employee-related liabilities      335
Taxes payable20122447  38
Interest and dividends payable      46
Debt30116    132
Restructuring reserve12303415455456
Disposal group, including discontinued operation   2   
Deferred tax liabilities    5
Other liabilities527514429562768790900
Other undisclosed current liabilities242623828421289(419)
Total current liabilities:1,3671,4361,4891,3782,1191,8071,731
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,7313,6993,2373,2313,9384,3034,283
Long-term debt, excluding current maturities2531296542
Finance lease, liability2429
Operating lease, liability5366
Other undisclosed long-term debt and lease obligation3,6293,5733,2073,2243,9334,2994,281
Liabilities, other than long-term debt7707726745197227891,145
Accounts payable and accrued liabilities      279
Asset retirement obligations1111     
Deferred tax liabilities, net20295175162
Deferred income tax liabilities3131
Other liabilities728730653491671714704
Other undisclosed noncurrent liabilities4355    (279)
Total noncurrent liabilities:4,5444,5253,9103,7504,6615,0925,148
Total liabilities:5,9115,9615,3995,1286,7796,8996,879
Stockholders' equity
Stockholders' equity attributable to parent173(196)(349)1526105271,163
Common stock23232323232323
Treasury stock, value(3,381)(3,382)(3,337)(2,701)(1,478)(1,266)(481)
Additional paid in capital2,0932,0742,0501,9401,9741,9151,787
Accumulated other comprehensive loss(964)(909)(920)(845)(949)(820)(614)
Retained earnings2,4011,9991,8361,7351,040675449
Total stockholders' equity:173(196)(349)1526105271,163
TOTAL LIABILITIES AND EQUITY:6,0845,7655,0505,2807,3897,4268,042

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
Revenues4,9034,7914,7334,4626,7787,0327,751
Revenue, net4,4626,7787,0327,751
Cost of revenue(3,294)(3,226)(3,231)(3,044)(4,247)(4,445)(5,063)
Gross profit:1,6091,5651,5021,4172,5322,5872,688
Operating expenses(810)(944)(782)(809)(1,605)(1,652)(2,328)
Other undisclosed operating income (loss)(11)(42)(64)(12)(108)(171)294
Operating income:788579656596819763654
Nonoperating income (expense)17(20)(18)(19)112017
Investment income, nonoperating    131416
Foreign currency transaction gain (loss), before tax2(8)  85(8)
Other nonoperating income (expense)68(1)(6)(3)49
Interest and debt expense(174)(184)(178)(202)(213)(338)(390)
Other undisclosed loss from continuing operations before equity method investments, income taxes      (13)
Income from continuing operations before equity method investments, income taxes:631375460376617446267
Other undisclosed income (loss) from continuing operations before income taxes(5)(5)(3)18(51)(20) 
Income from continuing operations before income taxes:626370458393566426267
Income tax expense(142)(77)(308)(331)(80)(91)(9)
Income before gain (loss) on sale of properties:48429415063486335258
Extraordinary item, gain 20
Other undisclosed net loss      (20)
Net income:48429415063486335258
Other undisclosed net income (loss) attributable to parent19(31)43752   
Net income attributable to parent:503263193815486335258
Undistributed earnings (loss) allocated to participating securities, basic  (1) 
Other undisclosed net loss available to common stockholders, basic(0)(1)(0)(5)(3)(2)(2)
Net income available to common stockholders, basic:503263192810483333257
Dilutive securities, effect on basic earnings per share0014321
Other undisclosed net loss available to common stockholders, diluted(0)(0)(1)(4)(3)(2)(1)
Net income available to common stockholders, diluted:503263192810483333257

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:48429415063486335258
Other comprehensive income (loss)(55)11(62)104(129)(206)(336)
Comprehensive income (loss):43030588167357129(78)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent19(31)43752   
Comprehensive income (loss), net of tax, attributable to parent:448274131919357129(78)

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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