Ticker
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SEALED AIR CORP   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2024202320222021202020192018201720162015
Period End Date12/31/202412/31/202312/31/202212/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/2015
Net Sales5,392.605,488.905,641.905,533.804,903.204,791.104,732.704,461.606,778.307,031.50
Net sales: Other--------------------
Net sales: Food Packaging--------------------
Net sales: Food Solutions--------------------
Net sales: Protective Packaging--------------------
Net sales: Diversey--------------------
Total Revenues5,392.605,488.905,641.905,533.804,903.204,791.104,732.704,461.606,778.307,031.50
Cost of sales3,767.503,847.603,869.003,852.903,293.903,226.303,230.603,044.404,246.704,444.90
Gross Profit1,625.101,641.301,772.901,680.901,609.301,564.801,502.101,417.202,531.602,586.60
Goodwill amortization--------------------
Amortization expense of intangible assets acquired62.6062.7036.1038.8037.5028.9015.7013.1094.9088.70
Stock appreciation rights expense----------------(0.10)3.90
Marketing, administrative and development expenses752.60759.10786.20772.40772.70915.50782.30796.001,604.501,652.30
Restructuring and other charges57.8015.6012.1014.5011.0041.9047.8012.1013.2078.30
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------------
Operating Income (Loss)735.90754.60944.80900.90788.10578.50656.30596.00819.10763.40
Interest expense247.60263.00162.30167.80174.40184.10177.90201.80213.10227.70
Impairment of available-for-sale securities--------------------
Impairment of equity method investment(4)--------------------
Gain on sale of business----------------(1.80)13.40
Gain on the sale of equity method investment--------------------
Interest income--------------17.60----
Other income (loss) net(29.90)(61.90)(53.20)(16.90)17.20(19.50)(18.10)(18.50)11.2019.90
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)(33.10)
Gain from Claims Settlement--------------------
Loss on debt redemption and refinancing activities----------------(0.10)(110.00)
Charges related to Venezuelan subsidiaries----------------(46.00)--
Earnings before income tax expense458.40429.70729.30716.20626.20370.30457.80393.30565.90425.90
Income tax expense (benefit)188.9090.40238.00225.00142.1076.60307.50330.5079.5090.50
Deferred: Federal(51.10)(28.10)(23.40)9.6059.40(19.00)56.80130.10(42.40)(35.70)
Deferred: Foreign33.205.70(9.30)21.609.60(39.40)(25.90)(4.80)(21.10)2.20
Deferred: State and Local1.50(5.80)2.306.9011.804.00(21.20)5.305.7010.90
Current : Federal90.0023.60154.1063.10(14.20)62.30228.2079.6031.306.30
Current : State and local13.4013.2025.6017.205.604.609.8014.30(1.30)7.30
Current : Foreign101.9081.8088.70106.6069.9064.1059.80106.00107.3099.50
Net (loss) earnings from continuing operations269.50339.30491.30491.20484.10293.70150.3062.80--335.40
Net earnings from discontinued operations(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 Units264.70341.60491.60506.80502.90263.00193.10814.90486.40335.40
Basic-Continuing operations1.852.353.373.263.121.900.940.34--1.63
Basic-Discontinued operations(0.03)0.02--0.100.12(0.20)0.273.99----
Net Earnings Per Share (Basic)1.822.373.373.363.241.701.214.332.491.63
Diluted-Continuing operations1.842.343.333.223.101.890.940.33--1.62
Diluted-Discontinued operations(0.03)0.02--0.100.12(0.20)0.263.96----
Net Earnings Per Share (Diluted)1.812.363.333.323.221.691.204.292.461.62
Weighted Average Shares Outstanding (Basic)145.50144.40145.90150.90155.20154.30159.40186.90194.30203.90
Weighted Average Shares Outstanding (Diluted)146.00144.90147.40152.40156.00155.20160.20188.90197.20206.70