Veritiv Corporation (VRTV) financial statements (2021 and earlier)

Company profile

Business Address 1000 ABERNATHY ROAD NE
ATLANTA, GA 30328
State of Incorp. DE
Fiscal Year End December 31
SIC 511 - Paper And Paper Products (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 investments  6480705458
Cash and cash equivalents  6480705458
Receivables8509141,1851,1781,0521,0411,119
Prepaid expense      26
Other current assets120126147134119109109
Other undisclosed current assets586591688723708721648
Total current assets:1,5551,6312,0842,1141,9491,9251,959
Noncurrent Assets
Property, plant and equipment 217207340372364377
Long-term investments and receivables      6
Long-term investments      6
Intangible assets, net (including goodwill)147152157164718089
Goodwill100100100100505052
Intangible assets, net (excluding goodwill)47525764213036
Deferred costs      20
Deferred income tax assets6057
Other noncurrent assets3784552531303444
Deferred tax assets, net   73106
Other undisclosed noncurrent assets195 576062 (26)
Total noncurrent assets:780881445594535552615
TOTAL ASSETS:2,3352,5112,5302,7082,4842,4772,575
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities735715833888841786869
Accounts payable472477642680654565590
Accrued liabilities182184135135103100153
Employee-related liabilities8154577484121111
Taxes payable      15
Debt151373334
Due to related parties 497151511
Deferred tax liabilities    21
Other undisclosed current liabilities  19911(54)
Total current liabilities:749732850907868814851
Noncurrent Liabilities
Long-term debt and lease obligation, including:589742964908749801855
Finance lease, liability6969
Operating lease, liability 377
Other undisclosed long-term debt and lease obligation520297964908749801855
Liabilities, other than long-term debt413501150317325332232
Deferred revenue and credits   9
Deferred compensation liability, classified      18
Liability, pension and other postretirement and postemployment benefits18162124282936
Due to related parties   155176198 
Other liabilities395485129137121106107
Business combination, contingent consideration, liability      61
Other undisclosed noncurrent liabilities  2426  124
Total noncurrent liabilities:1,0031,2431,1371,2511,0741,1331,211
Total liabilities:1,7521,9751,9872,1591,9421,9472,062
Stockholders' equity
Stockholders' equity attributable to parent, including:583536543550542530513
Treasury stock, value(17)(14)(14)(14)(14)  
Additional paid in capital635618606590575566562
Accumulated other comprehensive loss(34)(33)(41)(34)(39)(35)(22)
Retained earnings (accumulated deficit)(1)(35)(9)620(1)(28)
Other undisclosed stockholders' equity attributable to parent0000000
Total stockholders' equity:583536543550542530513
TOTAL LIABILITIES AND EQUITY:2,3352,5112,5302,7082,4842,4772,575

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
Revenues6,3467,6598,6968,3658,3278,7187,407
Revenue, net8,3658,3278,7187,407
Cost of revenue
(Cost of Goods and Services Sold)
(5,040)(6,206)(147)(517)(505)(522)(839)
Gross profit:1,3051,4538,5507,8487,8228,1966,568
Operating expenses(770)(852)(889)(926)(865)(900)(783)
Other operating income, net
(Other Expenses)
      2
Other undisclosed operating loss(488)(580)(7,645)(6,901)(6,881)(7,217)(5,792)
Operating income (loss):482116217679(6)
Nonoperating income (expense)20(12)168(8)(7)(1)
Other nonoperating expense  (3)(3)(1)(3) 
Interest and debt expense(25)(38)(42)(31)(28)(27)(2)
Income (loss) from continuing operations before equity method investments, income taxes:43(29)(10)(2)4145(10)
Other undisclosed loss from continuing operations before income taxes      (12)
Income (loss) from continuing operations before income taxes:43(29)(10)(2)4145(22)
Income tax expense (benefit)(9)(1)(6)(11)(20)(18)2
Income (loss) from continuing operations:34(30)(16)(13)2127(20)
Loss from discontinued operations      (0)
Net income (loss) available to common stockholders, diluted:34(30)(16)(13)2127(20)

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 (loss):34(30)(16)(13)2127(20)
Other comprehensive income (loss) 8(6) 03(3)
Comprehensive income (loss):34(22)(22)(13)2129(23)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)  6(4)(16)(14)
Comprehensive income (loss), net of tax, attributable to parent:34(22)(22)(8)1714(37)

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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