Verso corporation (VRS)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Net sales

2,276,000

2,444,000

2,552,000

2,640,000

2,682,000

2,682,000

2,626,000

2,543,000

2,484,000

2,461,000

0

0

0

-

-

-

-

-

-

2,261,000

1,804,000

1,320,519

1,345,395

1,354,780

1,389,000

1,399,532

1,397,660

1,432,537

1,474,612

1,563,843

1,647,675

1,681,192

1,722,489

1,705,146

1,649,357

0

0

0

Costs and expenses:
Cost of products sold (exclusive of depreciation and amortization)

2,016,000

2,138,000

0

0

0

-

-

-

-

2,250,000

0

0

0

-

-

-

-

-

-

0

0

-

-

-

1,179,000

1,201,797

1,197,912

1,227,209

1,272,630

1,356,026

1,429,747

1,445,042

1,460,290

1,438,469

1,427,373

0

0

0

Depreciation and amortization

178,000

183,000

185,000

188,000

112,000

111,000

111,000

110,000

109,000

115,000

0

0

0

-

-

-

-

-

-

0

0

-

-

-

105,000

105,460

107,265

112,735

118,178

122,451

125,503

125,371

125,295

125,824

127,421

0

0

0

Selling, general and administrative expenses

107,000

104,000

100,000

102,000

101,000

102,000

104,000

103,000

99,000

107,000

85,000

68,000

84,000

0

147,000

-

-

-

-

136,000

107,000

70,996

71,024

73,204

74,000

74,172

73,643

74,393

74,415

74,515

76,506

78,243

78,059

76,228

73,297

0

0

0

Restructuring charges

58,000

52,000

43,000

39,000

0

1,000

3,000

7,000

8,000

9,000

0

0

0

-

-

-

-

-

-

163,000

157,000

-327

-182

-16

1,000

6,734

103,607

103,335

102,404

0

0

0

-

-

-

-

-

-

Other operating (income) expense

85,000

-4,000

-4,000

5,000

4,000

5,000

6,000

-3,000

-1,000

0

0

0

-

-

-

-

-

-

-

0

0

29

29

715

4,000

64,565

64,565

63,879

60,594

0

0

0

-

-

-

-

-

-

Total operating expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,388,163

1,482,427

1,517,672

1,567,627

1,693,148

1,674,894

1,691,900

1,706,803

1,640,521

1,628,091

0

0

0

Operating income (loss)

2,000

-37,000

0

0

0

-

-

-

-

-21,000

0

0

0

-

-

-

-

-

-

0

0

-

-

-

34,000

75,934

-20,202

-21,256

-32,421

-129,305

-27,219

-10,708

15,686

64,625

21,266

0

0

0

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

21

18

15

8

27

36

67

99

111

122

0

0

0

Interest expense

1,000

2,000

3,000

18,000

23,000

33,000

41,000

36,000

40,000

38,000

0

0

0

-

-

-

-

-

-

205,000

174,000

141,540

138,900

137,340

138,000

140,290

139,214

138,002

135,461

130,438

128,013

126,337

126,607

126,988

128,001

0

0

0

Other (income) expense

21,000

18,000

27,000

47,000

49,000

52,000

42,000

23,000

23,000

17,000

0

0

0

-

-

-

-

-

-

-

-

-38,224

-24,294

-15,428

-8,000

-2,683

-2,592

19,619

-7,379

-7,467

-7,444

-29,285

-26,042

-25,976

-25,797

0

0

0

Reorganization items, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) before income taxes

22,000

-21,000

0

0

0

-

-

-

-

-38,000

0

0

0

-

-

-

-

-

-

0

0

-

-

-

-112,000

-67,018

-161,990

-139,624

-175,253

-267,183

-162,640

-166,263

-136,864

-88,228

-132,410

0

0

0

Income tax expense (benefit)

-92,000

-117,000

0

1,000

1,000

0

-8,000

-8,000

-8,000

-8,000

0

0

0

-

-

-

-

-

-

-5,000

-3,000

-2,020

-1,009

-1,009

-1,000

-1,299

-1,355

-1,346

-1,424

-52

139

130

197

0

0

0

-

-

Net Income (Loss) Attributable to Parent

114,000

96,000

40,000

96,000

209,000

171,000

121,000

39,000

-11,000

-30,000

0

0

0

-

-

-

-

-

-

-402,000

-384,000

-188,800

-162,583

-163,622

-111,000

-65,719

-160,635

-138,278

-173,829

-267,131

-162,779

-166,393

-137,061

-88,372

-132,408

0

0

0

Earnings Per Share [Abstract]
Earnings Per Share, Basic

1.53

4.10

0.86

-3.23

1.05

2.49

2.49

0.03

-0.06

1.04

0.12

-1.42

-0.61

-

-

-

-

-

-

-0.73

-1.53

-0.67

-0.80

-1.70

-0.38

-0.18

-0.81

-0.72

0.48

-1.98

-0.39

-1.40

-1.30

-0.01

-0.46

-0.84

-0.36

-0.85

Earnings Per Share, Diluted

1.52

4.04

0.85

-3.23

1.03

2.44

2.45

0.03

-0.06

1.04

0.12

-1.42

-0.61

-

-

-

-

-

-

-0.73

-1.53

-0.67

-0.80

-1.70

-0.38

-0.18

-0.81

-0.72

0.48

-1.98

-0.39

-1.40

-1.30

-0.01

-0.46

-0.84

-0.36

-0.85

Weighted average common shares outstanding (in thousands)
Weighted Average Number of Shares Outstanding, Basic

35,107

34,702

34,686

34,626

34,484

34,553

34,562

34,506

34,465

34,465

34,456

34,416

34,391

-

-

-

-

-

-

81,763

79,670

53,328

53,323

53,188

53,176

53,172

53,172

52,976

52,899

52,907

52,908

52,686

52,023

52,620

52,623

53,114

52,466

52,466

Weighted Average Number of Shares Outstanding, Diluted

35,381

35,232

35,137

34,626

35,225

35,288

35,051

34,829

34,465

34,618

34,460

34,416

34,391

-

-

-

-

-

-

81,763

79,670

53,328

53,323

53,188

53,176

53,172

53,172

52,976

52,899

52,907

52,908

52,686

52,023

52,620

52,623

53,114

52,466

52,466

Net sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Purchases included in cost of products sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Predecessor
Net sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,858,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of products sold (exclusive of depreciation and amortization)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of Goods Sold, Depreciation, Depletion and Amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Selling, general and administrative expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

173,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

177,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other operating (income) expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

56,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

174,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other (income) expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) before reorganization items, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reorganization items, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-36,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) before income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax expense (benefit)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-361,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic (usd per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.40

-1.07

-1.58

-1.36

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted (usd per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.40

-1.07

-1.58

-1.36

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

81,828

81,869

81,876

81,842

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

81,828

81,869

81,876

81,842

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Successor
Net sales

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of products sold (exclusive of depreciation, amortization and depletion)

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of Goods Sold, Depreciation, Depletion and Amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Selling, general and administrative expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring charges

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other operating (income) expense

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating Income (Loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other loss, net

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss before reorganization items, net

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reorganization Items

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Loss) income before income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax benefit

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Parent

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic (usd per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

0.23

-1.16

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted (usd per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

0.23

-1.16

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic (shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

34,391

34,391

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted (shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

34,391

34,391

-

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