Schweitzer-Mauduit International, Inc. (SWM) financial statements (2021 and earlier)

Company profile

Business Address 100 NORTH POINT CENTER EAST
ALPHARETTA, GA 30022-8246
State of Incorp. DE
Fiscal Year End December 31
SIC 2621 - Paper Mills (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 investments5510394107107187290
Cash and cash equivalents5510394107107187290
Receivables155156167153115119105
Inventory, net of allowances, customer advances and progress billings180161152155119112108
Inventory180161152155119112108
Disposal group, including discontinued operation  12 17222
Assets held-for-sale, not part of disposal group   13  
Other current assets7755556
Other undisclosed current assets      8
Total current assets:396428429433364445519
Noncurrent Assets
Finance lease, right-of-use asset33
Property, plant and equipment  340362307308362
Long-term investments and receivables 525269646868
Long-term investments 525269646868
Intangible assets, net (including goodwill)718589611639407447215
Goodwill404337338341230233126
Intangible assets, net (excluding goodwill)31525127329717821489
Disposal group, including discontinued operation, noncurrent assets      2
Deferred costs      10
Deferred income tax assets34
Other noncurrent assets69693440282223
Other undisclosed noncurrent assets3953270140(13)
Total noncurrent assets:1,1891,0441,0371,109809845667
TOTAL ASSETS:1,5851,4721,4671,5431,1741,2901,187
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities164156140142133140148
Accounts payable61666659504945
Accrued liabilities101877379778676
Employee-related liabilities      27
Taxes payable332455 
Debt3235333
Disposal group, including discontinued operation      0
Other undisclosed current liabilities      (27)
Total current liabilities:167158144147136143124
Noncurrent Liabilities
Long-term debt and lease obligation591541619679437568437
Long-term debt, excluding current maturities591541619679437568437
Liabilities, other than long-term debt17817611417092111152
Accounts payable and accrued liabilities18212737   
Deferred compensation liability, classified  14   13
Deferred tax liabilities, net 42304571
Deferred income tax liabilities4548
Liability for uncertainty in income taxes  1   2
Liability, pension and other postretirement and postemployment benefits37322831333434
Other liabilities79744360293231
Other undisclosed noncurrent liabilities  33   (15)
Total noncurrent liabilities:768716765849530679574
Total liabilities:935874909996665822698
Stockholders' equity
Stockholders' equity attributable to parent650598558547508468489
Common stock3333333
Additional paid in capital92797166595450
Accumulated other comprehensive loss(112)(123)(125)(89)(139)(141)(77)
Retained earnings666638608567585553513
Total stockholders' equity:650598558547508468489
TOTAL LIABILITIES AND EQUITY:1,5851,4721,4671,5431,1741,2901,187

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
Revenues1,0741,0231,041982840764805
Revenue, net982840764805
Cost of revenue
(Cost of Goods and Services Sold)
(766)(733)(763)(700)(583)(540)(576)
Other undisclosed gross profit      (11)
Gross profit:308290279282257224219
Operating expenses(180)(4)(142)(150)(125)(107)(100)
Other undisclosed operating loss (152)(2)(8)(26)(15)(13)
Operating income:129134135125106103106
Nonoperating income (expense)(1)(1)1044129
Foreign currency transaction loss, before tax(1)(1)(2)(4)(0)  
Interest and debt expense(31)(36)(28)(27)(17)(10)(7)
Income from continuing operations before equity method investments, income taxes:979711710293106108
Income from equity method investments54 35 2
Income from continuing operations before income taxes:10210111710498106110
Income tax expense(18)(15)(11)(70)(15)(22)(21)
Income from continuing operations:848610634838490
Income from discontinued operations   0   
Net income:848610635838490
Other undisclosed net income (loss) attributable to parent  (12)  6 
Net income attributable to parent:84869535839090
Undistributed earnings (loss) allocated to participating securities, basic(0)(0)(0) 
Other undisclosed net loss available to common stockholders, basic(1)(0)(0)(0)(1)(1)(1)
Net income available to common stockholders, diluted:83859434828989

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:848610635838490
Other comprehensive income (loss)   502(65)(72)
Comprehensive income:848610684851918
Other undisclosed comprehensive income (loss), net of tax, attributable to parent112(42)  6 
Comprehensive income, net of tax, attributable to parent:95886484852518

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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