Quad/Graphics, Inc. QUAD Balance Sheet

Quad/graphics, inc. (QUAD)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
ASSETS
Cash and cash equivalents
207	78	18	10	10	69	6	8	30	64	15	8	6	9	11	8	10	10	14	13	24	9	18	17	13	13	20	11	24	16	18	17	27	25	15	16	20
Receivables, less allowance for credit losses of $37.1 million at March 31, 2020, and $25.0 million at December 31, 2019
401	456	472	510	512	497	553	510	531	552	542	508	505	563	566	524	546	648	636	610	628	766	767	661	628	698	700	601	661	585	581	531	561	656	662	649	786
Inventories
188	210	288	269	283	279	354	290	269	246	308	264	269	265	318	269	278	280	347	289	291	287	348	293	270	272	311	302	291	242	279	252	250	249	284	279	247
Prepaid expenses and other current assets
66	109	46	49	50	45	57	68	55	45	40	41	50	54	49	45	44	38	50	48	44	39	55	53	42	37	52	49	48	74	60	75	94	142	150	114	64
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	44	69	55	-	50	60	52	48	67	77	65	55	56	70	68	86	82	90	76
Restricted cash
-	-	-	-	-	-	-	-	-	-	2	2	3	10	14	14	13	13	30	30	31	31	9	7	7	4	6	7	11	14	15	17	10	8	2	3	16
Current assets of discontinued operations
52	56	39	-	-	55	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	72	72	-	0
Total current assets
917	910	865	839	855	946	971	878	886	908	908	825	835	902	960	862	894	991	1,123	1,061	1,076	1,133	1,249	1,093	1,015	1,074	1,158	1,050	1,103	990	1,011	965	1,012	1,241	1,269	1,153	1,211
Property, plant and equipment—net
1,006	1,036	1,079	1,217	1,235	1,153	1,284	1,306	1,351	1,377	1,427	1,458	1,487	1,519	1,531	1,575	1,621	1,675	1,774	1,802	1,818	1,855	1,921	1,966	1,914	1,925	1,946	1,974	2,012	1,926	1,986	2,023	2,083	2,123	2,192	2,286	2,317
Operating lease right-of-use assets—net
91	97	118	125	127	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill
103	103	103	113	114	44	55	56	88	0	-	-	-	-	-	-	-	-	5	775	751	775	772	773	772	773	765	766	768	768	768	787	787	787	782	803	814
Other intangible assets—net
131	137	149	161	172	112	121	128	116	43	47	52	55	59	65	69	91	110	149	157	146	149	177	197	211	221	202	220	232	229	246	262	279	295	314	335	368
Long-term restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	31	41	48	51	49	48	44	45	46	47	58	67	75	80	84
Equity method investment in unconsolidated entity
2	3	2	3	3	4	3	3	3	3	3	2	3	3	2	2	3	4	4	18	37	42	41	52	55	57	61	60	67	72	70	68	74	69	71	85	82
Other long-term assets
115	127	126	87	92	89	97	96	96	119	91	93	89	84	74	73	65	65	65	65	83	52	74	80	66	62	64	66	65	66	50	49	50	46	46	58	67
Long-term assets of discontinued operations
0	0	23	-	-	118	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term assets of discontinued operations (Note 4)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	104	102	-	0
Total assets
2,368	2,417	2,468	2,547	2,603	2,469	2,533	2,469	2,542	2,452	2,477	2,431	2,470	2,570	2,634	2,583	2,676	2,847	3,123	3,881	3,913	4,008	4,268	4,204	4,084	4,165	4,248	4,186	4,294	4,098	4,180	4,202	4,345	4,735	4,854	4,803	4,947
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable
418	416	416	435	419	496	432	396	388	381	344	299	304	323	341	320	318	358	345	327	332	406	387	351	352	401	370	380	376	285	277	266	261	301	314	292	332
Amounts owing in satisfaction of bankruptcy claims
-	-	-	-	-	-	-	-	-	-	2	2	2	-	2	2	1	1	1	1	1	1	1	1	2	2	2	2	2	9	9	10	16	19	20	23	26
Other current liabilities
229	303	277	264	247	285	282	272	283	316	312	295	289	359	357	320	310	347	353	318	322	358	366	346	312	350	349	333	323	334	357	341	355	393	329	362	427
Purchase price payable on business exchange transaction (Note 3)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	62	62	-	0
Short-term debt and current portion of long-term debt
44	40	66	53	52	42	42	36	43	42	66	68	71	84	92	85	92	94	94	100	95	92	102	134	132	127	133	136	118	113	100	98	95	82	83	88	102
Current portion of finance lease obligations
5	7	8	6	5	5	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of operating lease obligations
29	30	32	34	33	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of capital lease obligations
-	-	-	-	-	-	5	5	5	5	6	6	7	7	5	5	5	5	4	4	4	4	5	7	5	7	7	10	11	10	10	10	10	20	24	23	14
Current liabilities of discontinued operations
13	15	18	-	-	22	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	48	47	-	0
Liabilities, Current, Total
740	813	818	793	758	851	762	710	721	745	732	671	674	774	799	733	727	807	799	752	757	862	863	841	806	888	863	863	832	752	756	726	738	928	881	790	902
Long-term debt
1,137	1,058	1,098	1,044	1,074	882	1,015	993	970	903	966	986	1,006	1,019	1,064	1,096	1,168	1,239	1,410	1,367	1,345	1,299	1,505	1,426	1,299	1,265	1,388	1,309	1,366	1,211	1,193	1,208	1,252	1,342	1,505	1,424	1,418
Finance lease obligations
4	6	5	8	9	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unsecured notes to be issued
-	-	-	-	-	-	-	-	-	-	0	0	0	-	6	6	7	7	7	7	8	9	9	9	17	18	18	18	19	23	25	27	31	38	40	44	52
Finance lease obligations
-	-	-	-	-	10	11	12	13	13	14	16	17	18	10	8	8	9	9	9	10	9	9	14	11	6	8	12	14	15	17	20	23	24	20	25	43
Operating lease obligations
65	70	88	94	97	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
3	2	5	5	19	32	44	44	44	41	50	41	38	35	46	58	57	59	141	407	387	336	407	392	395	395	373	376	365	363	382	432	438	471	461	464	433
Other long-term liabilities
220	221	207	211	223	231	187	205	224	225	246	256	271	280	306	284	292	300	305	312	324	339	252	289	287	303	435	454	487	495	455	470	504	521	463	561	603
Long-term liabilities of discontinued operations
0	0	3	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	99	68	-	0
Liabilities, Total
2,172	2,172	2,227	2,157	2,183	2,008	2,020	1,966	1,974	1,930	2,011	1,973	2,010	2,128	2,234	2,187	2,261	2,423	2,673	2,855	2,832	2,856	3,047	2,973	2,819	2,878	3,087	3,034	3,085	2,863	2,831	2,886	2,988	3,428	3,441	3,310	3,454
Commitments and contingencies (Note 10)
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Shareholders’ equity (Note 19)
Shareholders’ equity
Redeemable equity (Note 23)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	3	3	3	4	10	10
Preferred stock
0	0	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	0	0	0	0
Additional paid-in capital
830	847	843	839	836	861	857	854	850	861	903	900	897	912	912	917	916	956	952	954	972	971	966	962	960	983	977	977	975	985	978	979	976	984	1,001	999	1,002
Treasury stock, at cost
12	31	30	30	29	56	56	55	17	52	98	95	97	113	124	154	159	193	193	194	216	218	221	222	223	248	250	260	263	279	279	283	283	295	-295	-287	295
Accumulated deficit
-450	-423	-423	-280	-249	-211	-175	-182	-176	-162	-202	-206	-196	-206	-227	-223	-200	-188	-163	403	464	515	505	496	535	558	513	515	558	588	681	650	684	650	665	689	720
Accumulated other comprehensive loss
-190	-167	-168	-158	-155	-152	-132	-133	-118	-124	-138	-141	-144	-152	-162	-145	-144	-152	-146	-139	-141	-116	-31	-7	-7	-5	-80	-81	-63	-60	-33	-36	-25	-37	35	79	52
Quad’s shareholders’ equity
178	226	223	372	402	442	495	484	538	522	466	458	460	441	399	395	414	-	450	1,026	1,080	-	1,221	1,231	1,265	1,288	1,161	1,153	1,208	1,235	1,348	1,311	1,353	1,302	1,408	1,482	1,481
Noncontrolling interests
17	17	17	17	17	17	17	18	30	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-1	-0	-0	0	0	0	0	0	0	0	0	0
Total shareholders’ equity and noncontrolling interests
196	244	241	389	419	460	513	503	568	522	-	-	-	-	-	-	-	423	-	-	-	1,152	1,221	1,231	1,265	1,287	1,161	1,152	1,208	1,235	1,349	1,312	1,353	1,303	1,408	1,482	1,482
Total liabilities and shareholders’ equity
2,368	2,417	2,468	2,547	2,603	2,469	2,533	2,469	2,542	2,452	2,477	2,431	2,470	2,570	2,634	2,583	2,676	2,847	3,123	3,881	3,913	4,008	4,268	4,204	4,084	4,165	4,248	4,186	4,294	4,098	4,180	4,202	4,345	4,735	4,854	4,803	4,947
Preferred Stock
Preferred stock, $0.01 par value; Authorized: 0.5 million shares; Issued: None
-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common Class A
Common stock
1	1	1	1	1	1	-	-	-	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common Class B
Common stock
0	0	0	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common Class C
Common stock
0	0	0	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-