$SW
Smurfit Westrock plc

2024 Q3 Form 10-Q Financial Statement

#000141057824001252 Filed on August 09, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2023 Q4
Revenue $7.671B $2.969B $5.435B
YoY Change 163.16% -49.13% -15.47%
Cost Of Revenue $6.321B $2.276B $3.604B
YoY Change 190.89% -41.36% -17.51%
Gross Profit $1.350B $693.0M $1.831B
YoY Change 81.94% -64.57% -11.16%
Gross Profit Margin 17.6% 23.34% 33.69%
Selling, General & Admin $1.028B $389.0M $1.207B
YoY Change 177.09% -66.95% -1.87%
% of Gross Profit 76.15% 56.13% 65.92%
Research & Development $10.81M
YoY Change 28.56%
% of Gross Profit 0.59%
Depreciation & Amortization $564.0M $308.0M $327.0M
YoY Change 283.67% 0.0% -48.1%
% of Gross Profit 41.78% 44.44% 17.86%
Operating Expenses $1.028B $389.0M $1.207B
YoY Change 177.09% -66.95% -1.87%
Operating Profit $322.0M $304.0M $624.0M
YoY Change -9.04% -60.98% -24.91%
Interest Expense -$167.0M -$33.00M -$52.00M
YoY Change 328.21% -57.69% -36.59%
% of Operating Profit -51.86% -10.86% -8.33%
Other Income/Expense, Net -$5.000M -$24.00M -$35.00M
YoY Change 25.0% 200.0% -683.33%
Pretax Income -$117.0M -$12.30K $396.0M
YoY Change -138.74% -100.0% -24.43%
Income Tax $33.00M $55.00M $113.0M
% Of Pretax Income 28.54%
Net Earnings -$150.0M -$12.30K $282.0M
YoY Change -165.5% -23.78%
Net Earnings / Revenue -1.96% 0.0% 5.19%
Basic Earnings Per Share -$0.30 -$2.56
Diluted Earnings Per Share -$0.30 -$2.56 $1.08
COMMON SHARES
Basic Shares Outstanding 519.4M 100.0
Diluted Shares Outstanding 508.0M shares 4.803K

Balance Sheet

Concept 2024 Q3 2024 Q2 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $26.76K $905.0M
YoY Change -100.0% 16.47%
Cash & Equivalents $951.0M $26.76K $111.00
Short-Term Investments
Other Short-Term Assets $1.396B $30.00M
YoY Change -70.59%
Inventory $3.585B $1.023B
Prepaid Expenses
Receivables $4.613B $2.084B
Other Receivables $39.00M
Total Short-Term Assets $10.55B $26.76K $4.081B
YoY Change -100.0% -9.49%
LONG-TERM ASSETS
Property, Plant & Equipment $5.638B
YoY Change 11.07%
Goodwill $7.215B $2.842B
YoY Change
Intangibles $1.094B $218.0M
YoY Change
Long-Term Investments $29.00M
YoY Change 11.54%
Other Assets $2.354B $159.0M
YoY Change -0.63%
Total Long-Term Assets $34.48B $2.00 -$4.081B
YoY Change -100.0% -151.19%
TOTAL ASSETS
Total Short-Term Assets $10.55B $26.76K $4.081B
Total Long-Term Assets $34.48B $2.00 -$4.081B
Total Assets $45.03B $26.76K $111.00
YoY Change -100.0% -100.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.357B $12.30K $2.378B
YoY Change -100.0% -9.99%
Accrued Expenses
YoY Change
Deferred Revenue $6.000M
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $175.0M
YoY Change -2.78%
Total Short-Term Liabilities $7.126B $12.30K $2.694B
YoY Change -100.0% -11.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $3.570B
YoY Change -100.0% -0.83%
Other Long-Term Liabilities $2.267B $619.0M
YoY Change -1.28%
Total Long-Term Liabilities $2.267B $0.00 $4.189B
YoY Change -100.0% -0.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.126B $12.30K $2.694B
Total Long-Term Liabilities $2.267B $0.00 $4.189B
Total Liabilities $27.04B $12.30K $7.068B
YoY Change -100.0% -5.22%
SHAREHOLDERS EQUITY
Retained Earnings $3.178B -$12.30K $3.521B
YoY Change
Common Stock $1.000M $114.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $17.97B $14.46K $111.00
YoY Change
Total Liabilities & Shareholders Equity $45.03B $26.76K $111.00
YoY Change -100.0% -100.0%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2023 Q4
OPERATING ACTIVITIES
Net Income -$150.0M -$12.30K $282.0M
YoY Change -165.5% -23.78%
Depreciation, Depletion And Amortization $564.0M $308.0M $327.0M
YoY Change 283.67% 0.0% -48.1%
Cash From Operating Activities $320.0M $0.00 $951.0M
YoY Change -100.0% -34.5%
INVESTING ACTIVITIES
Capital Expenditures $512.0M $385.0M $434.0M
YoY Change -9.41% -51.24%
Acquisitions
YoY Change
Other Investing Activities -$673.0M $0.00 $17.00M
YoY Change -100.0% -122.08%
Cash From Investing Activities -$1.185B $0.00 -$417.0M
YoY Change -100.0% -56.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.513B 26.85K -218.0M
YoY Change -100.01% -56.05%
NET CHANGE
Cash From Operating Activities 320.0M 0.000 951.0M
Cash From Investing Activities -1.185B 0.000 -417.0M
Cash From Financing Activities -1.513B 26.85K -218.0M
Net Change In Cash -2.378B 26.85K 316.0M
YoY Change -100.01% -2972.73%
FREE CASH FLOW
Cash From Operating Activities $320.0M $0.00 $951.0M
Capital Expenditures $512.0M $385.0M $434.0M
Free Cash Flow -$192.0M -$385.0M $517.0M
YoY Change -373.05% -8.01%

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