$CLW
Clearwater Paper Corp

2023 Q2 Form 10-Q Financial Statement

#000150433723000014 Filed on May 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $524.6M $525.4M $488.2M
YoY Change -0.34% 7.62% 14.63%
Cost Of Revenue $438.7M $448.5M $422.0M
YoY Change -3.62% 6.28% 13.87%
Gross Profit $85.90M $76.90M $66.20M
YoY Change 20.65% 16.16% 19.71%
Gross Profit Margin 16.37% 14.64% 13.56%
Selling, General & Admin $39.10M $36.00M $32.80M
YoY Change 15.34% 9.76% 17.99%
% of Gross Profit 45.52% 46.81% 49.55%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $24.60M $24.80M $25.40M
YoY Change -4.28% -2.36% -5.22%
% of Gross Profit 28.64% 32.25% 38.37%
Operating Expenses $38.60M $36.00M $32.80M
YoY Change 13.86% 9.76% 17.99%
Operating Profit $47.30M $39.80M $32.90M
YoY Change 50.16% 20.97% 21.4%
Interest Expense -$7.500M $7.600M $8.200M
YoY Change -172.12% -7.32% -10.87%
% of Operating Profit -15.86% 19.1% 24.92%
Other Income/Expense, Net $100.0K -$7.500M -$10.30M
YoY Change -100.81% -27.18% -12.71%
Pretax Income $39.90M $32.30M $22.60M
YoY Change 108.9% 42.92% 47.71%
Income Tax $10.20M $8.400M $6.000M
% Of Pretax Income 25.56% 26.01% 26.55%
Net Earnings $29.70M $23.80M $16.60M
YoY Change 102.04% 43.37% 37.19%
Net Earnings / Revenue 5.66% 4.53% 3.4%
Basic Earnings Per Share $1.76 $1.42 $0.99
Diluted Earnings Per Share $1.75 $1.40 $0.97
COMMON SHARES
Basic Shares Outstanding 16.92M shares 16.76M shares 16.73M shares
Diluted Shares Outstanding 16.96M shares 17.04M shares 17.07M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $41.70M $16.70M $36.40M
YoY Change -40.0% -54.12% -36.25%
Cash & Equivalents $41.70M $16.70M $36.40M
Short-Term Investments
Other Short-Term Assets $13.40M $19.50M $17.00M
YoY Change 4.69% 14.71% 11.11%
Inventory $340.4M $345.5M $281.8M
Prepaid Expenses
Receivables $192.4M $184.6M $171.9M
Other Receivables $4.200M $2.400M $1.100M
Total Short-Term Assets $592.1M $567.9M $507.5M
YoY Change 6.26% 11.9% 1.42%
LONG-TERM ASSETS
Property, Plant & Equipment $1.000B $1.005B $1.060B
YoY Change -3.89% -5.22% -9.66%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $112.7M $117.9M $115.7M
YoY Change -1.83% 1.9% 443.19%
Total Long-Term Assets $1.113B $1.123B $1.176B
YoY Change -3.69% -4.51% -9.81%
TOTAL ASSETS
Total Short-Term Assets $592.1M $567.9M $507.5M
Total Long-Term Assets $1.113B $1.123B $1.176B
Total Assets $1.705B $1.691B $1.683B
YoY Change -0.45% 0.44% -6.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $169.7M $179.1M $173.0M
YoY Change -18.1% 3.53% 13.89%
Accrued Expenses $92.90M $85.50M $67.60M
YoY Change 19.1% 26.48% -0.88%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $900.0K $900.0K $1.600M
YoY Change -10.0% -43.75% -5.88%
Total Short-Term Liabilities $263.5M $265.5M $256.1M
YoY Change -12.25% 3.67% 8.84%
LONG-TERM LIABILITIES
Long-Term Debt $564.8M $564.9M $617.7M
YoY Change -4.25% -8.55% -13.77%
Other Long-Term Liabilities $57.20M $57.70M $72.80M
YoY Change -20.67% -20.74% -44.26%
Total Long-Term Liabilities $622.0M $564.9M $617.7M
YoY Change 5.44% -8.55% -13.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $263.5M $265.5M $256.1M
Total Long-Term Liabilities $622.0M $564.9M $617.7M
Total Liabilities $1.091B $1.099B $1.153B
YoY Change -6.64% -4.74% -9.04%
SHAREHOLDERS EQUITY
Retained Earnings $630.3M $600.6M $547.3M
YoY Change 12.15% 9.74% -4.13%
Common Stock $0.00 $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $614.5M $592.0M $530.0M
YoY Change
Total Liabilities & Shareholders Equity $1.705B $1.691B $1.683B
YoY Change -0.45% 0.44% -6.7%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income $29.70M $23.80M $16.60M
YoY Change 102.04% 43.37% 37.19%
Depreciation, Depletion And Amortization $24.60M $24.80M $25.40M
YoY Change -4.28% -2.36% -5.22%
Cash From Operating Activities $46.10M -$9.100M $41.10M
YoY Change -41.27% -122.14% 21.6%
INVESTING ACTIVITIES
Capital Expenditures $12.80M $21.50M $7.900M
YoY Change 137.04% 172.15% -28.83%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$12.80M -$21.50M -$7.900M
YoY Change 137.04% 172.15% -28.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $200.0K $200.0K $20.40M
YoY Change -99.43% -99.02% 5000.0%
Cash From Financing Activities -9.000M -$6.300M -$21.90M
YoY Change -77.5% -71.23% 1464.29%
NET CHANGE
Cash From Operating Activities 46.10M -$9.100M $41.10M
Cash From Investing Activities -12.80M -$21.50M -$7.900M
Cash From Financing Activities -9.000M -$6.300M -$21.90M
Net Change In Cash 24.30M -$36.90M $11.30M
YoY Change -26.59% -426.55% -46.95%
FREE CASH FLOW
Cash From Operating Activities $46.10M -$9.100M $41.10M
Capital Expenditures $12.80M $21.50M $7.900M
Free Cash Flow $33.30M -$30.60M $33.20M
YoY Change -54.45% -192.17% 46.26%

Facts In Submission

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