VRS · Verso Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 | Q3 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | $339.00M | $329.00M | $282.00M | - | $306.00M | $268.00M | $471.00M | - | $616.00M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | $19.00M | $20.00M | $15.00M | - | $19.00M | $16.00M | $27.00M | - | $23.00M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | $18.00M | $17.00M | $102.00M | - | $21.00M | $22.00M | $23.00M | - | $25.00M |
| Operating Income | - | $35.00M | $11.00M | ($109.00M) | - | ($44.00M) | ($42.00M) | $76.00M | - | $28.00M |
| Interest Expense | - | $0 | $0 | $1.00M | - | $1.00M | $0 | $0 | - | $0 |
| Income Tax | - | ($17.00M) | $2.00M | ($14.00M) | - | ($9.00M) | ($3.00M) | $26.00M | - | ($1.00M) |
| Net Income | - | $58.00M | $16.00M | ($90.00M) | - | ($31.00M) | ($34.00M) | $54.00M | - | $30.00M |
| EPS - Basic | - | $1.98 | $0.47 | ($2.71) | - | ($0.92) | ($0.99) | $1.53 | - | $0.86 |
| EPS - Diluted | - | $1.96 | $0.47 | ($2.71) | - | ($0.92) | ($0.99) | $1.52 | - | $0.85 |
Balance Sheet
| Line item | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 | Q3 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $172.00M | $166.00M | $117.00M | $118.00M | $137.00M | $73.00M | $209.00M | $276.00M | $42.00M | $6.00M |
| Accounts Receivable | $106.00M | $112.00M | $109.00M | $93.00M | $83.00M | $108.00M | $99.00M | $143.00M | $155.00M | $202.00M |
| Inventory | $127.00M | $141.00M | $160.00M | $204.00M | $224.00M | $315.00M | $367.00M | $330.00M | $395.00M | $416.00M |
| Accounts Payable | $99.00M | $115.00M | $90.00M | $82.00M | $80.00M | $97.00M | $127.00M | $127.00M | $188.00M | $207.00M |
| Current Assets | $415.00M | $433.00M | $402.00M | $445.00M | $466.00M | $506.00M | $681.00M | $754.00M | $599.00M | $631.00M |
| Total Assets | $1.05B | $1.13B | $1.07B | $1.13B | $1.25B | $1.38B | $1.56B | $1.63B | $1.72B | $1.64B |
| Current Liabilities | $168.00M | $201.00M | $174.00M | $168.00M | $173.00M | $183.00M | $205.00M | $210.00M | $293.00M | $309.00M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | $19.00M |
| Total Liabilities | $356.00M | $551.00M | $536.00M | $545.00M | $561.00M | $655.00M | $552.00M | $569.00M | $708.00M | $768.00M |
| Stockholders' Equity | $699.00M | $583.00M | $539.00M | $582.00M | $684.00M | $727.00M | $1.01B | $1.06B | $1.01B | $867.00M |
| Retained Earnings | ($57.00M) | ($67.00M) | ($122.00M) | ($135.00M) | ($42.00M) | $51.00M | $215.00M | $252.00M | $198.00M | $56.00M |
Cash Flow
| Line item | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 | Q3 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | ($1.00M) | - | - | - | ($77.00M) | - | - |
| Investing Cash Flow | - | - | - | ($4.00M) | - | - | - | $318.00M | - | - |
| Financing Cash Flow | - | - | - | ($14.00M) | - | - | - | ($7.00M) | - | - |
| CapEx | - | - | - | $4.00M | - | - | - | $22.00M | - | - |
| Free Cash Flow | - | - | - | ($5.00M) | - | - | - | ($99.00M) | - | - |
Ratios
| Metric | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 | Q3 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | 10.3% | 3.3% | -38.7% | - | -14.4% | -15.7% | 16.1% | - | 4.5% |
| EBITDA margin | - | 15.6% | 8.5% | -2.5% | - | -7.5% | -7.5% | 21.0% | - | 8.6% |
| Net margin | - | 17.1% | 4.9% | -31.9% | - | -10.1% | -12.7% | 11.5% | - | 4.9% |
| Free cash flow margin | - | - | - | -1.8% | - | - | - | -21.0% | - | - |
| FCF / Net income | - | - | - | 0.06 | - | - | - | -1.83 | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | 5.6% | 6.1% | 5.3% | - | 6.2% | 6.0% | 5.7% | - | 3.7% |
| Effective tax rate | - | -41.5% | 11.1% | - | - | - | - | 32.5% | - | -3.4% |
| Return on assets | - | 5.1% | 1.5% | -8.0% | - | -2.2% | -2.2% | 3.3% | - | 1.8% |
| Return on equity | - | 9.9% | 3.0% | -15.5% | - | -4.3% | -3.4% | 5.1% | - | 3.5% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | 3.2% |
| Liquidity | ||||||||||
| Current ratio | 2.47 | 2.15 | 2.31 | 2.65 | 2.69 | 2.77 | 3.32 | 3.59 | 2.04 | 2.04 |
| Quick ratio | 1.71 | 1.45 | 1.39 | 1.43 | 1.40 | 1.04 | 1.53 | 2.02 | 0.70 | 0.70 |
| Cash ratio | 1.02 | 0.83 | 0.67 | 0.70 | 0.79 | 0.40 | 1.02 | 1.31 | 0.14 | 0.02 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | 0.02 |
| Debt / Assets | - | - | - | - | - | - | - | - | - | 0.01 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | 0.36 |
| Interest coverage | - | - | - | -109.0x | - | -44.0x | - | - | - | - |
| Equity multiplier | 1.51 | 1.95 | 1.99 | 1.94 | 1.82 | 1.90 | 1.55 | 1.54 | 1.70 | 1.89 |
| Liabilities / Assets | 0.34 | 0.49 | 0.50 | 0.48 | 0.45 | 0.47 | 0.35 | 0.35 | 0.41 | 0.47 |
| Efficiency | ||||||||||
| Asset turnover | - | 0.30 | 0.31 | 0.25 | - | 0.22 | 0.17 | 0.29 | - | 0.38 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | 121d | 121d | 120d | - | 129d | 135d | 111d | - | 120d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | 10.8% | 22.8% | -40.1% | - | -50.3% | -55.5% | -26.3% | - | -12.5% |
| Revenue CAGR (3y) | - | -21.6% | -17.5% | -23.9% | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | -12.2% | -16.4% | - | -17.1% | -19.2% | -10.2% | - | 12.0% |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | - | - | - | - | 62.5% | 105.4% | - | -65.0% |
| Net income growth (YoY) | - | - | - | - | - | - | 69.6% | 50.0% | - | 650.0% |
| EPS growth (YoY) | - | - | - | - | - | - | 69.3% | 47.6% | - | 608.3% |
| EPS CAGR (3y) | - | 153.7% | 150.2% | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | 94.9% | - | - | - | -54.7% | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 2.2% | -19.8% | -46.5% | -45.2% | -32.5% | -16.1% | 20.6% | 12.5% | 11.8% | 3.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Business segments
$1.28B totalPaper Segment$1.15B · 89.6%
Pulp Segment$133.00M · 10.4%
Peer comparison
Same SIC group: Paper Mills
Comparing Verso Corp against the 5 most active filers in the same SIC group.