Clearwater Paper Corp
For the period ended Sep 30, 2024. Filed Nov 4, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 4, 2024
CLW$13.27-4.5%Stored close · as of Nov 6, 2026
Contents
Item 1. Consolidated Balance Sheets
Consolidated Balance Sheets(Unaudited)
| (In millions, except share data) | September 30, 2024 | December 31, 2023 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $35.5 | $42.0 |
| Receivables, net of allowance for current expected credit losses | 172.7 | 96.1 |
| Inventories, net | 264.6 | 161.2 |
| Other current assets | 12.9 | 17.4 |
| Current assets of discontinued operations | 246.1 | 247.5 |
| Total current assets | 731.9 | 564.1 |
| Property, plant and equipment | 2,294.2 | 1,608.6 |
| Accumulated depreciation and amortization | (1,282.2) | (1,247.9) |
| Property, plant and equipment, net | 1,012.0 | 360.7 |
| Goodwill and intangible assets, net | 52.2 | 41.5 |
| Other assets, net | 59.1 | 47.6 |
| Long-term assets of discontinued operations | 633.6 | 657.9 |
| Total assets | $2,488.7 | $1,671.8 |
| Liabilities and stockholders' equity | ||
| Current liabilities: | ||
| Current portion of long-term debt | $7.4 | $— |
| Accounts payable and accrued liabilities | 301.7 | 195.5 |
| Current liabilities of discontinued operations | 103.0 | 90.5 |
| Total current liabilities | 412.1 | 286.0 |
| Long-term debt | 1,143.3 | 439.9 |
| Liability for pension and other postretirement employee benefits | 52.4 | 54.5 |
| Deferred tax liabilities and other long-term obligations | 85.8 | 84.6 |
| Long-term liabilities of discontinued operations | 130.5 | 138.1 |
| Total liabilities | 1,824.1 | 1,003.0 |
| Stockholders' equity: | ||
| Preferred stock, par value $0.0001 per share, 5,000,000 authorized shares, no shares issued | — | — |
| Common stock, par value $0.0001 per share, 100,000,000 authorized shares, 16,590,722 and 16,484,550 shares issued | — | — |
| Additional paid-in capital | 13.7 | 14.9 |
| Retained earnings | 681.7 | 684.5 |
| Accumulated other comprehensive loss, net of tax | (30.8) | (30.7) |
| Total stockholders' equity | 664.6 | 668.8 |
| Total liabilities and stockholders' equity | $2,488.7 | $1,671.8 |
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