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SEALED AIR CORP   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2025202420232022202120202019201820172016
Period End Date12/31/202512/31/202412/31/202312/31/202212/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Net Sales5,359.805,392.605,488.905,641.905,533.804,903.204,791.104,732.704,461.606,778.30
Net sales: Other--------------------
Net sales: Food Packaging--------------------
Net sales: Food Solutions--------------------
Net sales: Protective Packaging--------------------
Net sales: Diversey--------------------
Total Revenues5,359.805,392.605,488.905,641.905,533.804,903.204,791.104,732.704,461.606,778.30
Cost of sales3,763.003,767.503,847.603,869.003,852.903,293.903,226.303,230.603,044.404,246.70
Gross Profit1,596.801,625.101,641.301,772.901,680.901,609.301,564.801,502.101,417.202,531.60
Goodwill amortization--------------------
Amortization expense of intangible assets acquired59.5062.6062.7036.1038.8037.5028.9015.7013.1094.90
Stock appreciation rights expense------------------(0.10)
Marketing, administrative and development expenses744.90752.60759.10786.20772.40772.70915.50782.30796.001,604.50
Restructuring and other charges39.9057.8015.6012.1014.5011.0041.9047.8012.1013.20
Impairment of goodwill and other intangible assets--------------------
Costs related to the proposed acquisition of Diversey(1)--------------------
Integration related costs--------------------
Gain (Loss) on sale of businesses and property and equipment--(16.20)(49.30)6.3045.70----------
Loss on disposal of long-lived assets, net(26.80)------------------
Operating Income (Loss)725.70735.90754.60944.80900.90788.10578.50656.30596.00819.10
Interest expense218.90247.60263.00162.30167.80174.40184.10177.90201.80213.10
Impairment of available-for-sale securities--------------------
Impairment of equity method investment(4)--------------------
Gain on sale of business------------------(1.80)
Gain on the sale of equity method investment--------------------
Interest income----------------17.60--
Other income (loss) net(30.30)(29.90)(61.90)(53.20)(16.90)17.20(19.50)(18.10)(18.50)11.20
Asbestos settlement and related costs--------------------
Income (Loss) on debt redemption--------------------
Foreign currency exchange gains related to Venezuelan subsidiary----------(4.70)(4.60)(2.50)--(3.40)
Gain from Claims Settlement--------------------
Loss on debt redemption and refinancing activities------------------(0.10)
Charges related to Venezuelan subsidiaries------------------(46.00)
Earnings before income tax expense476.50458.40429.70729.30716.20626.20370.30457.80393.30565.90
Income tax expense (benefit)35.30188.9090.40238.00225.00142.1076.60307.50330.5079.50
Deferred: Federal57.60(51.10)(28.10)(23.40)9.6059.40(19.00)56.80130.10(42.40)
Deferred: Foreign12.1033.205.70(9.30)21.609.60(39.40)(25.90)(4.80)(21.10)
Deferred: State and Local3.701.50(5.80)2.306.9011.804.00(21.20)5.305.70
Current : Federal(114.80)90.0023.60154.1063.10(14.20)62.30228.2079.6031.30
Current : State and local9.1013.4013.2025.6017.205.604.609.8014.30(1.30)
Current : Foreign67.60101.9081.8088.70106.6069.9064.1059.80106.00107.30
Net (loss) earnings from continuing operations441.20269.50339.30491.30491.20484.10293.70150.3062.80--
Net earnings from discontinued operations64.30(4.80)2.300.3015.6018.80----111.40--
Net gain on sale of discontinued operations------------(30.70)42.80640.70--
Distributed and allocated undistributed net (loss) earnings to non-vested restricted stockholders--------------------
Distributed net (loss) earnings- dividends paid to common stockholders--------------------
Net earnings allocable to Common Units505.50264.70341.60491.60506.80502.90263.00193.10814.90486.40
Basic-Continuing operations3.001.852.353.373.263.121.900.940.34--
Basic-Discontinued operations0.44(0.03)0.02--0.100.12(0.20)0.273.99--
Net Earnings Per Share (Basic)3.441.822.373.373.363.241.701.214.332.49
Diluted-Continuing operations2.991.842.343.333.223.101.890.940.33--
Diluted-Discontinued operations0.44(0.03)0.02--0.100.12(0.20)0.263.96--
Net Earnings Per Share (Diluted)3.431.812.363.333.323.221.691.204.292.46
Weighted Average Shares Outstanding (Basic)146.90145.50144.40145.90150.90155.20154.30159.40186.90194.30
Weighted Average Shares Outstanding (Diluted)147.50146.00144.90147.40152.40156.00155.20160.20188.90197.20