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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10394107107187290272
Cash and cash equivalents10394107107187290272
Receivables156167153115119105108
Inventory, net of allowances, customer advances and progress billings161152155119112108133
Inventory161152155119112108133
Disposal group, including discontinued operation 12 172222
Assets held-for-sale, not part of disposal group  13  
Income taxes receivable10
Other current assets7555565
Other undisclosed current assets     88
Total current assets:428429433364445519537
Noncurrent Assets
Finance lease, right-of-use asset3
Property, plant and equipment 340362307308362393
Long-term investments and receivables52526964686863
Long-term investments52526964686863
Intangible assets, net (including goodwill)589611639407447215199
Goodwill337338341230233126119
Intangible assets, net (excluding goodwill)2512732971782148981
Disposal group, including discontinued operation, noncurrent assets     2
Deferred costs     10 
Deferred income tax assets4
Other noncurrent assets69344028222332
Defined benefit plan, assets for plan benefits   4
Other undisclosed noncurrent assets3270140(13)(4)
Total noncurrent assets:1,0441,0371,109809845667687
TOTAL ASSETS:1,4721,4671,5431,1741,2901,1871,224
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities156140142133140148189
Accounts payable66665950494547
Accrued liabilities87737977867693
Employee-related liabilities     2749
Taxes payable32455  
Debt2353334
Disposal group, including discontinued operation     01
Other undisclosed current liabilities     (27)(50)
Total current liabilities:158144147136143124144
Noncurrent Liabilities
Long-term debt and lease obligation541619679437568437381
Long-term debt, excluding current maturities541619679437568437381
Liabilities, other than long-term debt17611417092111152153
Pension and other postretirement defined benefit plans, liabilities29
Accounts payable and accrued liabilities212737    
Deferred compensation liability, classified 14   1313
Deferred tax liabilities, net 4230457181
Deferred income tax liabilities48
Liability for uncertainty in income taxes 1   22
Liability, pension and other postretirement and postemployment benefits322831333434
Other liabilities74436029323128
Other undisclosed noncurrent liabilities 33   (15)(15)
Total noncurrent liabilities:716765849530679574519
Total liabilities:874909996665822698663
Stockholders' equity
Stockholders' equity attributable to parent598558547508468489561
Common stock3333333
Additional paid in capital79716659545043
Accumulated other comprehensive loss(123)(125)(89)(139)(141)(77)(5)
Retained earnings638608567585553513520
Total stockholders' equity:598558547508468489561
TOTAL LIABILITIES AND EQUITY:1,4721,4671,5431,1741,2901,1871,224

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,0231,041982840764805784
Revenue, net982840764805784
Cost of revenue
(Cost of Goods and Services Sold)
(733)(763)(700)(583)(540)(576)(520)
Other undisclosed gross profit     (11)(11)
Gross profit:290279282257224219253
Operating expenses(4)(142)(150)(125)(107)(100)(87)
Other undisclosed operating loss(152)(2)(8)(26)(15)(13)(41)
Operating income:134135125106103106125
Nonoperating income (expense)(1)10441296
Foreign currency transaction loss, before tax(1)(2)(4)(0)   
Interest and debt expense(36)(28)(27)(17)(10)(7)(3)
Income from continuing operations before equity method investments, income taxes:9711710293106108128
Income from equity method investments4 35 24
Income from continuing operations before income taxes:10111710498106110132
Income tax expense(15)(11)(70)(15)(22)(21)(53)
Income from continuing operations:861063483849079
Income from discontinued operations  0    
Net income:861063583849079
Other undisclosed net income (loss) attributable to parent (12)  6 (2)
Net income attributable to parent:86953583909076
Undistributed earnings (loss) allocated to participating securities, basic(0)(0) 
Other undisclosed net loss available to common stockholders, basic(0)(0)(0)(1)(1)(1)(1)
Net income available to common stockholders, diluted:85943482898976

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:861063583849079
Other comprehensive income (loss)  502(65)(72)10
Comprehensive income:861068485191889
Other undisclosed comprehensive income (loss), net of tax, attributable to parent2(42)  6 (2)
Comprehensive income, net of tax, attributable to parent:88648485251887

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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