Sonoco Products Company (SON) financial statements (2021 and earlier)

Company profile

Business Address ONE NORTH SECOND ST
HARTSVILLE, SC 29551-0160
State of Incorp. SC
Fiscal Year End December 31
SIC 265 - Paperboard Containers And Boxes (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 investments565145120255258183162
Cash and cash equivalents565145120255257182161
Short-term investments    001
Receivables659698849725625628669
Prepaid expense53605645506557
Contract with customer, asset485649
Other undisclosed current assets506561445539416432503
Total current assets:1,8311,5211,5191,5641,3491,3071,390
Noncurrent Assets
Operating lease, right-of-use asset296298
Property, plant and equipment1,2441,2871,2341,1691,0601,1121,149
Long-term investments and receivables      114
Long-term investments      114
Intangible assets, net (including goodwill)1,7111,8181,6611,5731,3171,3861,464
Goodwill1,3891,4291,3091,2421,0921,1401,183
Intangible assets, net (excluding goodwill)322388352331225245281
Deferred income tax assets4247
Other noncurrent assets153156122189155163167
Other undisclosed noncurrent assets  47624253(74)
Total noncurrent assets:3,4473,6053,0642,9942,5742,7132,820
TOTAL ASSETS:5,2775,1264,5834,5583,9234,0204,210
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,056916237841771809853
Accounts payable537538556548478508512
Accrued liabilities430289237217205225255
Employee-related liabilities81788666696978
Taxes payable711991979
Other undisclosed accounts payable and accrued liabilities  (650)    
Debt4564881951593211352
Other undisclosed current liabilities  650    
Total current liabilities:1,5121,4041,0831,000803923905
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,2441,1931,1901,2881,0211,0221,201
Long-term debt, excluding current maturities     1,0221,201
Finance lease, liability3322
Operating lease, liability262254
Other undisclosed long-term debt and lease obligation9499171,1901,2881,021  
Liabilities, other than long-term debt349459474466545543581
Deferred tax liabilities, net  607395
Deferred income tax liabilities8676
Liability, pension and other postretirement and postemployment benefits172305374355447433444
Other liabilities9178100110383742
Other undisclosed noncurrent liabilities2622546474   
Total noncurrent liabilities:1,8551,9061,7281,8281,5661,5651,782
Total liabilities:3,3673,3112,8112,8282,3682,4872,687
Stockholders' equity
Stockholders' equity attributable to parent1,9001,8031,7591,7071,5321,5131,507
Common stock7777777
Additional paid in capital314311305330321404397
Accumulated other comprehensive loss(757)(817)(741)(666)(738)(703)(611)
Retained earnings2,3352,3022,1882,0361,9431,8041,714
Stockholders' equity attributable to noncontrolling interest11131323222016
Total stockholders' equity:1,9111,8161,7721,7301,5551,5331,523
TOTAL LIABILITIES AND EQUITY:5,2775,1264,5834,5583,9234,0204,210

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
Revenues5,3745,5235,5315,1884,8934,9645,015
Revenue, net5,0374,7834,9645,015
Cost of revenue
(Cost of Goods and Services Sold)
(4,191)(4,316)(4,350)(4,087)(3,845)(4,035)(4,093)
Other undisclosed gross profit(136)(148)(140)(151)(110)  
Gross profit:1,0461,0581,041949937929921
Operating expenses(674)(591)(603)(582)(549)(547)(581)
Other undisclosed operating income (loss)(15)   104 51
Operating income:358467438367493383392
Nonoperating income (expense)(27)(19)44323
Investment income, nonoperating3554323
Net periodic defined benefits expense (reversal of expense), excluding service cost component(30)(25)(1)
Interest and debt expense(75)(67)(63)(57)(54)(57)(55)
Income from continuing operations before equity method investments, income taxes:256381379315441328339
Income from equity method investments5511911 10
Income from continuing operations before income taxes:260386390324453328349
Income tax expense(53)(93)(75)(147)(165)(88)(109)
Other undisclosed loss from continuing operations      (10)
Income before gain (loss) on sale of properties:207293315177288240230
Other undisclosed net income     1010
Net income:207293315177288251240
Net income (loss) attributable to noncontrolling interest0(1)(1)(2)(1)(0)(1)
Net income available to common stockholders, diluted:207292314175286250239

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:207293315177288251240
Other comprehensive loss     (94)(253)
Other undisclosed comprehensive income (loss)58(77)(77)146(35)(4)(1)
Comprehensive income (loss):265216238324253153(13)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest2(0)2(1)(1)41
Other undisclosed comprehensive loss, net of tax, attributable to parent  (1)(2)(1)(0)(1)
Comprehensive income (loss), net of tax, attributable to parent:267216239321251156(13)

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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