Sonoco Products Company (SON) financial statements (2022 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)

12/31/2021
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 investments171565145120255258183
Cash and cash equivalents171565145120255257182
Short-term investments     00
Receivables756659698849725625628
Prepaid expense74536056455065
Contract with customer, asset51485649
Other undisclosed current assets607506561445539416432
Total current assets:1,6591,8311,5211,5191,5641,3491,307
Noncurrent Assets
Operating lease, right-of-use asset268296298
Property, plant and equipment1,2981,2441,2871,2341,1691,0601,112
Intangible assets, net (including goodwill)1,6031,7111,8181,6611,5731,3171,386
Goodwill1,3251,3891,4291,3091,2421,0921,140
Intangible assets, net (excluding goodwill)278322388352331225245
Deferred income tax assets264247
Other noncurrent assets220153156122189155163
Other undisclosed noncurrent assets   47624253
Total noncurrent assets:3,4153,4473,6053,0642,9942,5742,713
TOTAL ASSETS:5,0735,2775,1264,5834,5583,9234,020
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,1141,056916237841771809
Accounts payable721537538556548478508
Accrued liabilities291430289237217205225
Employee-related liabilities90817886666969
Taxes payable1271199197
Other undisclosed accounts payable and accrued liabilities   (650)   
Debt41245648819515932113
Other undisclosed current liabilities   650   
Total current liabilities:1,5261,5121,4041,0831,000803923
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,1991,2441,1931,1901,2881,0211,022
Long-term debt, excluding current maturities      1,022
Finance lease, liability533322
Operating lease, liability234262254
Other undisclosed long-term debt and lease obligation9129499171,1901,2881,021 
Liabilities, other than long-term debt265349459474466545543
Deferred tax liabilities, net  6073
Deferred income tax liabilities708676
Liability, pension and other postretirement and postemployment benefits158172305374355447433
Other liabilities3691781001103837
Other undisclosed noncurrent liabilities2342622546474  
Total noncurrent liabilities:1,6981,8551,9061,7281,8281,5661,565
Total liabilities:3,2243,3673,3112,8112,8282,3682,487
Stockholders' equity
Stockholders' equity attributable to parent1,8371,9001,8031,7591,7071,5321,513
Common stock7777777
Additional paid in capital120314311305330321404
Accumulated other comprehensive loss(359)(757)(817)(741)(666)(738)(703)
Retained earnings2,0702,3352,3022,1882,0361,9431,804
Stockholders' equity attributable to noncontrolling interest12111313232220
Total stockholders' equity:1,8501,9111,8161,7721,7301,5551,533
TOTAL LIABILITIES AND EQUITY:5,0735,2775,1264,5834,5583,9234,020

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
Revenues5,7205,3745,5235,5315,1884,8934,964
Revenue, net5,0374,7834,964
Cost of revenue
(Cost of Goods and Services Sold)
(4,529)(4,191)(4,316)(4,350)(4,087)(3,845)(4,035)
Other undisclosed gross profit(130)(136)(148)(140)(151)(110) 
Gross profit:1,0621,0461,0581,041949937929
Operating expenses(575)(674)(591)(603)(582)(549)(547)
Other undisclosed operating income (loss) (15)   104 
Operating income:487358467438367493383
Nonoperating income (expense)(564)(27)(19)4432
Investment income, nonoperating5355432
Net periodic defined benefits expense (reversal of expense), excluding service cost component(568)(30)(25)(1)
Interest and debt expense(84)(75)(67)(63)(57)(54)(57)
Income (loss) from continuing operations before equity method investments, income taxes:(161)256381379315441328
Income from equity method investments115511911 
Income (loss) from continuing operations before income taxes:(150)260386390324453328
Income tax expense (benefit)67(53)(93)(75)(147)(165)(88)
Income (loss) before gain (loss) on sale of properties:(83)207293315177288240
Other undisclosed net income      10
Net income (loss):(83)207293315177288251
Net income (loss) attributable to noncontrolling interest(3)0(1)(1)(2)(1)(0)
Net income (loss) available to common stockholders, diluted:(85)207292314175286250

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 (loss):(83)207293315177288251
Other comprehensive loss      (94)
Other undisclosed comprehensive income (loss)39758(77)(77)146(35)(4)
Comprehensive income:314265216238324253153
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)2(0)2(1)(1)4
Other undisclosed comprehensive loss, net of tax, attributable to parent   (1)(2)(1)(0)
Comprehensive income, net of tax, attributable to parent:312267216239321251156

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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