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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments145120255258183162
Cash and cash equivalents145120255257182161
Short-term investments   001
Receivables698849725625628654
Prepaid expense605645506561
Contract with customer, asset5649
Other undisclosed current assets561445539416432497
Total current assets:1,5211,5191,5641,3491,3071,374
Noncurrent Assets
Operating lease, right-of-use asset298
Property, plant and equipment1,2871,2341,1691,0601,1121,149
Long-term investments and receivables     114
Long-term investments     114
Intangible assets, net (including goodwill)1,8181,6611,5731,3171,3861,459
Goodwill1,4291,3091,2421,0921,1401,178
Intangible assets, net (excluding goodwill)388352331225245281
Deferred income tax assets47
Other noncurrent assets156122189155163167
Other undisclosed noncurrent assets 47624253(69)
Total noncurrent assets:3,6053,0642,9942,5742,7132,820
TOTAL ASSETS:5,1264,5834,5583,9234,0204,194
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:916237841771809860
Accounts payable538556548478508517
Accrued liabilities289237217205225257
Employee-related liabilities788666696978
Taxes payable11991979
Other undisclosed accounts payable and accrued liabilities (650)    
Debt4881951593211352
Other undisclosed current liabilities 650    
Total current liabilities:1,4041,0831,000803923912
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,1931,1901,2881,0211,0221,201
Long-term debt, excluding current maturities    1,0221,201
Finance lease, liability22
Operating lease, liability254
Other undisclosed long-term debt and lease obligation9171,1901,2881,021  
Liabilities, other than long-term debt459474466545543577
Deferred tax liabilities, net  607391
Deferred income tax liabilities76
Liability, pension and other postretirement and postemployment benefits305374355447433444
Other liabilities78100110383742
Other undisclosed noncurrent liabilities2546474   
Total noncurrent liabilities:1,9061,7281,8281,5661,5651,778
Total liabilities:3,3112,8112,8282,3682,4872,690
Stockholders' equity
Stockholders' equity attributable to parent1,8031,7591,7071,5321,5131,488
Common stock777777
Additional paid in capital311305330321404397
Accumulated other comprehensive loss(817)(741)(666)(738)(703)(609)
Retained earnings2,3022,1882,0361,9431,8041,693
Stockholders' equity attributable to noncontrolling interest131323222016
Total stockholders' equity:1,8161,7721,7301,5551,5331,504
TOTAL LIABILITIES AND EQUITY:5,1264,5834,5583,9234,0204,194

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues5,5235,5315,1884,8934,9645,017
Revenue, net5,0374,7834,9645,017
Cost of revenue
(Cost of Goods and Services Sold)
(4,316)(4,350)(4,087)(3,845)(4,035)(4,109)
Other undisclosed gross profit(148)(140)(151)(110)  
Gross profit:1,0581,041949937929908
Operating expenses(591)(603)(582)(549)(547)(581)
Other undisclosed operating income   104 51
Operating income:467438367493383378
Nonoperating income (expense)(19)44323
Investment income, nonoperating554323
Net periodic defined benefits expense (reversal of expense), excluding service cost component(25)(1)
Interest and debt expense(67)(63)(57)(54)(57)(55)
Income from continuing operations before equity method investments, income taxes:381379315441328326
Income from equity method investments511911 10
Income from continuing operations before income taxes:386390324453328336
Income tax expense(93)(75)(147)(165)(88)(109)
Other undisclosed loss from continuing operations     (10)
Income before gain (loss) on sale of properties:293315177288240217
Other undisclosed net income    1010
Net income:293315177288251227
Net loss attributable to noncontrolling interest(1)(1)(2)(1)(0)(1)
Net income available to common stockholders, diluted:292314175286250226

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:293315177288251227
Other comprehensive loss    (94)(239)
Other undisclosed comprehensive income (loss)(77)(77)146(35)(4)(1)
Comprehensive income (loss):216238324253153(13)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(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:216239321251156(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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