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SEALED AIR CORP   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2020201920182017201620152014201320122011
Period End Date12/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/2011
Net Sales4,903.204,791.104,732.704,461.604,211.304,410.307,750.507,690.807,559.205,467.30
Net sales: Other--------------------
Net sales: Food Packaging--------------------
Net sales: Food Solutions--------------------
Net sales: Protective Packaging--------------------
Total Revenues4,903.204,791.104,732.704,461.604,211.304,410.307,750.507,690.807,559.205,467.30
Cost of sales3,293.903,226.303,230.603,049.502,810.302,955.105,062.905,100.905,038.703,886.70
Gross Profit1,609.301,564.801,502.101,412.101,401.001,455.202,687.602,589.902,520.501,580.60
Goodwill amortization--------------------
Amortization expense of intangible assets acquired37.5028.9015.7013.1015.0011.10118.90123.20132.7038.40
Stock appreciation rights expense------------8.1038.1018.40--
Marketing, administrative and development expenses772.70915.50782.30815.60754.30778.001,841.301,750.201,756.701,004.40
Restructuring and other charges11.0041.9047.8012.102.8048.7065.7073.80142.5052.20
Impairment of goodwill and other intangible assets----------------(1,892.30)--
Costs related to the proposed acquisition of Diversey(1)------------------(64.80)
Integration related costs----------------(7.40)--
Operating Income (Loss)788.10578.50656.30571.30628.90617.40653.60604.60(1,429.50)420.80
Interest expense174.40184.10177.90184.20191.90211.00287.70361.00384.70216.60
Impairment of equity method investment(4)------------5.702.1023.50--
Gain on sale of business----------13.40--------
Gain on the sale of equity method investment--------------------
Interest income----------6.80--------
Other income (loss) net17.20(19.50)(18.10)6.20(0.10)2.008.80(11.90)(9.40)(14.50)
Asbestos settlement and related costs--------------------
Income (Loss) on debt redemption--------------------
Foreign currency exchange gains related to Venezuelan subsidiary(4.70)(4.60)(2.50)--(1.70)(27.20)(20.40)(13.10)(0.40)(0.30)
Gain on settlement agreement, net------------21.10------
Gain from Claims Settlement----------------0.00--
Loss on debt redemption and refinancing activities----------(110.00)(102.50)(36.30)(36.90)--
Charges related to Venezuelan subsidiaries--------(47.30)----------
Earnings before income tax expense626.20370.30457.80393.30387.90291.40267.20180.20(1,884.40)189.40
Income tax expense (benefit)142.1076.60307.50330.5095.60132.609.1084.90(265.40)56.70
Deferred: Federal59.40(19.00)56.80130.10(15.80)10.70176.804.20(231.80)(54.10)
Deferred: Foreign9.60(39.40)(25.90)(4.80)(18.30)8.90(3.40)(10.80)(62.60)(1.20)
Deferred: State and Local11.804.00(21.20)5.303.6010.90(27.20)10.40(24.90)(5.20)
Current : Federal(14.20)62.30228.2079.6057.6044.70(216.00)(4.30)(8.60)35.40
Current : State and local5.604.609.8014.301.208.400.20(3.90)(6.50)5.50
Current : Foreign69.9064.1059.80106.0067.3049.0078.7089.3069.0076.30
Net (loss) earnings from continuing operations484.10293.70150.3062.80292.30158.80--95.30(1,619.00)132.70
Net earnings from discontinued operations18.80(30.70)42.80111.40194.10176.60--7.6028.7016.40
Net gain on sale of discontinued operations------640.70------22.90178.900.00
Distributed and allocated undistributed net (loss) earnings to non-vested restricted stockholders--------------------
Distributed net (loss) earnings- dividends paid to common stockholders--------------------
Allocated undistributed net (loss) earnings to non-vested restricted stockholders (Diluted Adjustment)--------------------
Undistributed net (loss) earnings reallocated to non-vested restricted stockholders (Diluted Adjustment)--------------------
Net earnings allocable to Common Units502.90263.00193.10814.90486.40335.40258.10125.80(1,411.40)149.10
Basic-Continuing operations3.121.900.940.341.500.78--0.49(8.40)0.79
Basic-Discontinued operations0.12(0.20)0.273.990.990.85--0.161.080.10
Net Earnings Per Share (Basic)3.241.701.214.332.491.631.220.65(7.32)0.89
Diluted-Continuing operations3.101.890.940.331.480.77--0.44(8.40)0.71
Diluted-Discontinued operations0.12(0.20)0.263.960.980.85--0.141.080.09
Net Earnings Per Share (Diluted)3.221.691.204.292.461.621.200.58(7.32)0.80
Weighted Average Shares Outstanding (Basic)155.20154.30159.40186.90194.30203.90210.00194.60192.80167.00
Weighted Average Shares Outstanding (Diluted)156.00155.20160.20188.90197.20206.70213.90214.20192.80185.40