$SLVM
Sylvamo Corp

2023 Q2 Form 10-Q Financial Statement

#000185648523000015 Filed on May 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $919.0M $959.0M $977.0M
YoY Change 0.77% -1.84% 25.58%
Cost Of Revenue $721.0M $688.0M $546.0M
YoY Change 28.29% 26.01%
Gross Profit $198.0M $271.0M $275.0M
YoY Change -43.43% -1.45%
Gross Profit Margin 21.55% 28.26% 28.15%
Selling, General & Admin $76.00M $82.00M $67.00M
YoY Change -6.17% 22.39% 63.41%
% of Gross Profit 38.38% 30.26% 24.36%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $34.00M $35.00M $34.00M
YoY Change 6.25% 2.94% -5.56%
% of Gross Profit 17.17% 12.92% 12.36%
Operating Expenses $76.00M $82.00M $67.00M
YoY Change -6.17% 22.39% 63.41%
Operating Profit $122.0M $189.0M $208.0M
YoY Change -54.65% -9.13%
Interest Expense $15.00M $19.00M $18.00M
YoY Change -25.0% 5.56%
% of Operating Profit 12.3% 10.05% 8.65%
Other Income/Expense, Net
YoY Change
Pretax Income $70.00M $141.0M $52.00M
YoY Change -40.17% 171.15% -38.1%
Income Tax $21.00M $44.00M $26.00M
% Of Pretax Income 30.0% 31.21% 50.0%
Net Earnings $49.00M $97.00M $26.00M
YoY Change -183.05% 273.08% -58.06%
Net Earnings / Revenue 5.33% 10.11% 2.66%
Basic Earnings Per Share $1.16 $2.28 $0.59
Diluted Earnings Per Share $1.14 $2.25 $0.59
COMMON SHARES
Basic Shares Outstanding 42.56M shares 42.37M shares 44.00M shares
Diluted Shares Outstanding 42.80M shares 43.10M shares 44.20M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $164.0M $191.0M $229.0M
YoY Change 4.46% -16.59%
Cash & Equivalents $164.0M $191.0M $229.0M
Short-Term Investments $84.00M $88.00M $101.0M
Other Short-Term Assets $39.00M $38.00M $56.00M
YoY Change 25.81% -32.14%
Inventory $486.0M $506.0M $376.0M
Prepaid Expenses
Receivables $416.0M $416.0M $451.0M
Other Receivables $24.00M $25.00M $32.00M
Total Short-Term Assets $1.161B $1.209B $1.173B
YoY Change -13.68% 3.07%
LONG-TERM ASSETS
Property, Plant & Equipment $1.363B $1.315B $1.189B
YoY Change 24.59% 10.6%
Goodwill $140.0M $133.0M $151.0M
YoY Change 9.38% -11.92%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $152.0M $134.0M $186.0M
YoY Change -8.43% -27.96%
Total Long-Term Assets $1.662B $1.589B $1.536B
YoY Change 19.05% 3.45%
TOTAL ASSETS
Total Short-Term Assets $1.161B $1.209B $1.173B
Total Long-Term Assets $1.662B $1.589B $1.536B
Total Assets $2.823B $2.798B $2.709B
YoY Change 2.99% 3.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $391.0M $409.0M $435.0M
YoY Change 8.61% -5.98%
Accrued Expenses $67.00M $67.00M $61.00M
YoY Change 0.0% 9.84%
Deferred Revenue $13.00M $3.000M $11.00M
YoY Change 1200.0% -72.73%
Short-Term Debt $32.00M $101.0M $0.00
YoY Change
Long-Term Debt Due $44.00M $44.00M $24.00M
YoY Change 76.0% 83.33%
Total Short-Term Liabilities $667.0M $726.0M $687.0M
YoY Change -24.55% 5.68%
LONG-TERM LIABILITIES
Long-Term Debt $954.0M $954.0M $1.341B
YoY Change -26.05% -28.86%
Other Long-Term Liabilities $128.0M $130.0M $145.0M
YoY Change -1.54% -10.34%
Total Long-Term Liabilities $128.0M $130.0M $145.0M
YoY Change -1.54% -10.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $667.0M $726.0M $687.0M
Total Long-Term Liabilities $128.0M $130.0M $145.0M
Total Liabilities $795.0M $856.0M $832.0M
YoY Change -21.6% 2.88%
SHAREHOLDERS EQUITY
Retained Earnings $2.153B $2.116B $1.961B
YoY Change 13.49% 7.9%
Common Stock $45.00M $44.00M $44.00M
YoY Change 2.27% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $862.0M $790.0M $331.0M
YoY Change
Total Liabilities & Shareholders Equity $2.823B $2.798B $2.709B
YoY Change 2.99% 3.29%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income $49.00M $97.00M $26.00M
YoY Change -183.05% 273.08% -58.06%
Depreciation, Depletion And Amortization $34.00M $35.00M $34.00M
YoY Change 6.25% 2.94% -5.56%
Cash From Operating Activities $77.00M $63.00M $92.00M
YoY Change 285.0% -31.52% 12.2%
INVESTING ACTIVITIES
Capital Expenditures $19.00M
YoY Change 11.76%
Acquisitions $167.0M $0.00
YoY Change
Other Investing Activities -$44.00M -$228.0M $0.00
YoY Change -2.22% -100.0%
Cash From Investing Activities -$44.00M -$228.0M -$19.00M
YoY Change -2.22% 1100.0% -17.39%
FINANCING ACTIVITIES
Cash Dividend Paid $10.00M $0.00
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $407.0M $35.00M
YoY Change 1062.86% 1066.67%
Cash From Financing Activities -65.00M -$8.000M -$39.00M
YoY Change 22.64% -79.49% -151.32%
NET CHANGE
Cash From Operating Activities 77.00M $63.00M $92.00M
Cash From Investing Activities -44.00M -$228.0M -$19.00M
Cash From Financing Activities -65.00M -$8.000M -$39.00M
Net Change In Cash -32.00M -$169.0M $49.00M
YoY Change -58.97% -444.9% -33.78%
FREE CASH FLOW
Cash From Operating Activities $77.00M $63.00M $92.00M
Capital Expenditures $19.00M
Free Cash Flow $73.00M
YoY Change 12.31%

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syl-20230331_lab.xml Edgar Link unprocessable
syl-20230331_htm.xml Edgar Link completed
sylvamoex322023q1x.htm Edgar Link pending