VRTV · Veritiv 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 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | $7.15B | $6.85B | $6.35B | $7.66B | $8.33B | $8.36B |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $762.70M | $732.70M | $717.90M | $823.30M | $867.60M | $872.60M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $45.60M | $55.20M | $57.70M | $53.50M | $53.50M | $54.20M |
| Operating Income | $441.20M | $210.00M | $47.80M | $20.90M | $15.80M | $21.20M |
| Interest Expense | $17.70M | $17.20M | $25.10M | $38.10M | $42.30M | $31.20M |
| Income Tax | $94.00M | $52.90M | $8.80M | $700.0K | $5.50M | $11.40M |
| Net Income | $337.90M | $144.60M | $34.20M | ($29.50M) | ($15.70M) | ($13.30M) |
| EPS - Basic | $23.85 | $9.50 | $2.14 | - | ($0.99) | ($0.85) |
| EPS - Diluted | $23.29 | $9.01 | $2.08 | - | ($0.99) | ($0.85) |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $40.60M | $49.30M | $120.60M | $69.60M | $64.30M | $80.30M |
| Accounts Receivable | $889.60M | $1.01B | $849.50M | $910.80M | $1.18B | $1.17B |
| Inventory | - | $465.40M | - | - | - | - |
| Accounts Payable | $452.90M | $561.90M | $471.90M | $476.90M | $641.90M | $680.10M |
| Current Assets | $1.46B | $1.68B | $1.55B | $1.63B | $2.08B | $2.11B |
| Total Assets | $2.09B | $2.44B | $2.33B | $2.51B | $2.53B | $2.71B |
| Current Liabilities | $726.60M | $873.60M | $749.40M | $731.50M | $849.70M | $907.40M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $1.33B | $1.80B | $1.75B | $1.97B | $1.99B | $2.16B |
| Stockholders' Equity | $756.10M | $635.80M | $583.10M | $536.20M | $543.10M | $549.70M |
| Retained Earnings | $472.60M | $143.20M | ($1.40M) | ($35.30M) | ($8.50M) | $6.40M |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $252.40M | $154.70M | $289.20M | $281.00M | $15.00M | $36.60M |
| Investing Cash Flow | $168.00M | ($4.30M) | ($5.30M) | ($33.60M) | ($21.70M) | ($126.20M) |
| Financing Cash Flow | ($428.60M) | ($221.40M) | ($202.60M) | ($273.90M) | ($8.70M) | $99.20M |
| CapEx | $21.90M | $20.40M | $23.60M | $34.10M | $45.40M | $32.50M |
| Free Cash Flow | $230.50M | $134.30M | $265.60M | $246.90M | ($30.40M) | $4.10M |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 6.2% | 3.1% | 0.8% | 0.3% | 0.2% | 0.3% |
| EBITDA margin | 6.8% | 3.9% | 1.7% | 1.0% | 0.8% | 0.9% |
| Net margin | 4.7% | 2.1% | 0.5% | -0.4% | -0.2% | -0.2% |
| Free cash flow margin | 3.2% | 2.0% | 4.2% | 3.2% | -0.4% | 0.0% |
| FCF / Net income | 0.68 | 0.93 | 7.77 | -8.37 | 1.94 | -0.31 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 10.7% | 10.7% | 11.3% | 10.7% | 10.4% | 10.4% |
| Effective tax rate | 21.8% | 26.8% | 20.5% | - | - | - |
| Return on assets | 16.2% | 5.9% | 1.5% | -1.2% | -0.6% | -0.5% |
| Return on equity | 44.7% | 22.7% | 5.9% | -5.5% | -2.9% | -2.4% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 2.01 | 1.92 | 2.07 | 2.23 | 2.45 | 2.33 |
| Quick ratio | 2.01 | 1.39 | 2.07 | 2.23 | 2.45 | 2.33 |
| Cash ratio | 0.06 | 0.06 | 0.16 | 0.10 | 0.08 | 0.09 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | 24.9x | 12.2x | 1.9x | 0.5x | 0.4x | 0.7x |
| Equity multiplier | 2.76 | 3.84 | 4.00 | 4.68 | 4.66 | 4.93 |
| Liabilities / Assets | 0.64 | 0.74 | 0.75 | 0.79 | 0.79 | 0.80 |
| Efficiency | ||||||
| Asset turnover | 3.42 | 2.81 | 2.72 | 3.05 | 3.29 | 3.09 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 45d | 54d | 49d | 43d | 52d | 51d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 4.3% | 8.0% | -17.2% | -8.0% | -0.5% | 0.5% |
| Revenue CAGR (3y) | -2.3% | -6.3% | -8.8% | -2.7% | -1.5% | 11.6% |
| Revenue CAGR (5y) | -3.1% | -3.8% | -6.2% | 5.0% | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 110.1% | 339.3% | 128.7% | 32.3% | -25.5% | -72.1% |
| Net income growth (YoY) | 133.7% | 322.8% | - | -87.9% | -18.0% | - |
| EPS growth (YoY) | 158.5% | 333.2% | - | - | -16.5% | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | 47.3% | - | - | - | - |
| FCF growth (YoY) | 71.6% | -49.4% | 7.6% | - | - | -95.9% |
| FCF CAGR (5y) | 123.9% | 6.2% | 31.1% | 42.0% | - | - |
| Book value growth (YoY) | 18.9% | 9.0% | 8.7% | -1.3% | -1.2% | 1.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Business segments
$6.74B totalPackaging$3.76B · 55.8%
Print$1.48B · 22.0%
Facility Solutions$894.00M · 13.3%
Publishing$596.60M · 8.9%
Geographic
$6.85B totalUS$5.92B · 86.4%
CA$722.30M · 10.5%
Restof World$209.00M · 3.1%
Stability scores
Altman Z′
FY 2022 · bankruptcy risk
4.75
Safe
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2022 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✗Cash flow > net income
- -Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✓Asset turnover improved