Sealed Air Corporation (SEE) Financial Statements (2024 and earlier)

Company Profile

Business Address 2415 CASCADE POINTE BOULEVARD
CHARLOTTE, NC 28208
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 282 - Plastics Materials And Synthetic Resins, Synthetic (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments456561549262272594
Cash and cash equivalents456561549262272594
Receivables737733682670613728
Inventory, net of allowances, customer advances and progress billings866726597570545507
Inventory866726597570545507
Disposal group, including discontinued operation  0314
Deposits current assets      
Other undisclosed current assets5850545912534
Total current assets:2,1172,0701,8821,5641,5551,866
Noncurrent Assets
Operating lease, right-of-use asset70647690
Property, plant and equipment1,2761,2321,1901,1421,036998
Intangible assets, net (including goodwill)2,3132,3422,3942,3992,0492,023
Goodwill2,1752,1892,2232,2171,9481,940
Intangible assets, net (excluding goodwill)13815317118210284
Disposal group, including discontinued operation, noncurrent assets  2    
Deferred income tax assets142138187239
Other noncurrent assets297382356332239216
Other undisclosed noncurrent assets     171176
Total noncurrent assets:4,0984,1604,2024,2013,4953,414
TOTAL ASSETS:6,2156,2296,0845,7655,0505,280
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities886983774751789771
Taxes payable2320122447
Accounts payable866960754739765724
Accrued liabilities20     
Debt44148930116  
Restructuring reserve151012303415
Disposal group, including discontinued operation      2
Other liabilities717505527514429562
Other undisclosed current liabilities2421242623828
Total current liabilities:2,0822,0071,3671,4361,4891,378
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,2383,2203,7313,6993,2373,231
Long-term debt, excluding current maturities24262531296
Finance lease, liability16192429
Other undisclosed long-term debt and lease obligation3,1983,1303,6293,5733,2073,224
Liabilities, other than long-term debt551717770772674519
Asset retirement obligations  81111  
Deferred tax liabilities, net2029
Deferred income tax liabilities33473131
Disposal group, including discontinued operation, liabilities  1    
Other liabilities468662728730653491
Operating lease, liability50455366
Other undisclosed noncurrent liabilities  364355  
Total noncurrent liabilities:3,7893,9734,5444,5253,9103,750
Total liabilities:5,8715,9815,9115,9615,3995,128
Equity
Equity, attributable to parent344249173(196)(349)152
Common stock232323232323
Treasury stock, value(4,019)(3,755)(3,381)(3,382)(3,337)(2,701)
Additional paid in capital2,1552,1232,0932,0742,0501,940
Accumulated other comprehensive loss(979)(934)(964)(909)(920)(845)
Retained earnings3,1632,7912,4011,9991,8361,735
Total equity:344249173(196)(349)152
TOTAL LIABILITIES AND EQUITY:6,2156,2296,0845,7655,0505,280

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues5,6425,5344,9034,7914,7334,462
Revenue, net4,462
Cost of revenue(3,869)(3,853)(3,294)(3,226)(3,231)(3,044)
Gross profit:1,7731,6811,6091,5651,5021,417
Operating expenses(822)(811)(810)(944)(782)(809)
Other undisclosed operating income (loss)(6)31(11)(42)(64)(12)
Operating income:945901788579656596
Nonoperating income (expense)(53)(17)17(20)(18)(19)
Gain (loss), foreign currency transaction, before tax(7)(1)2(8)  
Other nonoperating income (expense)5868(1)(6)
Interest and debt expense(162)(168)(174)(184)(178)(202)
Income from continuing operations before equity method investments, income taxes:729716631375460376
Other undisclosed income (loss) from continuing operations before income taxes   (5)(5)(3)18
Income from continuing operations before income taxes:729716626370458393
Income tax expense(238)(225)(142)(77)(308)(331)
Income from continuing operations:49149148429415063
Income before gain (loss) on sale of properties:49148429415063
Net income:49149148429415063
Other undisclosed net income (loss) attributable to parent01619(31)43752
Net income attributable to parent:492507503263193815
Undistributed earnings (loss) allocated to participating securities, basic     (1) 
Other undisclosed net loss available to common stockholders, basic   (0)(1)(0)(5)
Net income available to common stockholders, basic:492507503263192810
Dilutive securities, effect on basic earnings per share   0014
Other undisclosed net loss available to common stockholders, diluted   (0)(0)(1)(4)
Net income available to common stockholders, diluted:492507503263192810

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:49149148429415063
Other comprehensive income (loss)(45)30(55)11(62)104
Comprehensive income:44652143030588167
Other undisclosed comprehensive income (loss), net of tax, attributable to parent01619(31)43752
Comprehensive income, net of tax, attributable to parent:447536448274131919

Statements Sources

The financial statements are based on the Company's filings with 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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: