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 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.46B | $1.46B | $1.51B | - | $1.80B | $1.82B | $1.86B | - | $1.77B | $1.66B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $183.90M | $163.50M | $171.40M | - | $194.90M | $180.70M | $187.90M | - | $189.70M | $177.80M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $9.40M | $9.60M | $10.10M | - | $10.80M | $11.10M | $12.70M | - | $13.30M | $14.30M |
| Operating Income | $84.20M | $98.90M | $94.90M | - | $133.90M | $118.40M | $87.20M | - | $56.80M | $38.30M |
| Interest Expense | $3.40M | $4.30M | $4.70M | - | $4.80M | $4.00M | $3.50M | - | $3.80M | $4.50M |
| Income Tax | $21.90M | $25.80M | $20.50M | - | $32.40M | $29.90M | $5.80M | - | $14.10M | $9.10M |
| Net Income | $60.80M | $70.70M | $68.70M | - | $96.70M | $91.10M | $78.50M | - | $40.00M | $26.40M |
| EPS - Basic | $4.49 | $5.22 | $5.08 | - | $6.98 | $6.24 | $5.31 | - | $2.69 | $1.69 |
| EPS - Diluted | $4.42 | $5.15 | $5.00 | - | $6.86 | $6.12 | $5.12 | - | $2.54 | $1.62 |
Balance Sheet
| Line item | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $40.20M | $43.90M | $33.00M | $40.60M | $33.80M | $32.10M | $33.80M | $49.30M | $43.40M | $34.70M |
| Accounts Receivable | $756.90M | $750.50M | $789.80M | $889.60M | $962.30M | $968.40M | $944.30M | $1.01B | $958.20M | $882.80M |
| Inventory | - | - | - | - | - | - | - | $484.50M | - | - |
| Accounts Payable | $434.40M | $418.10M | $444.60M | $452.90M | $543.20M | $533.40M | $512.40M | $561.90M | $564.70M | $522.70M |
| Current Assets | $1.35B | $1.38B | $1.39B | $1.46B | $1.58B | $1.55B | $1.81B | $1.68B | $1.61B | $1.53B |
| Total Assets | $2.00B | $2.02B | $2.03B | $2.09B | $2.24B | $2.23B | $2.51B | $2.44B | $2.35B | $2.27B |
| Current Liabilities | $669.20M | $626.30M | $646.50M | $726.60M | $799.60M | $772.30M | $921.00M | $873.60M | $843.90M | $770.60M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $1.06B | $1.14B | $1.21B | $1.33B | $1.55B | $1.55B | $1.83B | $1.80B | $1.79B | $1.69B |
| Stockholders' Equity | $937.50M | $883.30M | $817.30M | $756.10M | $685.10M | $683.90M | $679.80M | $635.80M | $567.00M | $579.60M |
| Retained Earnings | $647.20M | $595.00M | $532.80M | $472.60M | $409.50M | $312.80M | $221.70M | $143.20M | $86.30M | $46.30M |
Cash Flow
| Line item | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | $70.90M | - | - | - | ($5.90M) | - | - | - |
| Investing Cash Flow | - | - | ($2.70M) | - | - | - | ($7.10M) | - | - | - |
| Financing Cash Flow | - | - | ($76.50M) | - | - | - | $7.40M | - | - | - |
| CapEx | - | - | $2.90M | - | - | - | $9.40M | - | - | - |
| Free Cash Flow | - | - | $68.00M | - | - | - | ($15.30M) | - | - | - |
Ratios
| Metric | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 5.8% | 6.8% | 6.3% | - | 7.4% | 6.5% | 4.7% | - | 3.2% | 2.3% |
| EBITDA margin | 6.4% | 7.4% | 7.0% | - | 8.0% | 7.1% | 5.4% | - | 4.0% | 3.2% |
| Net margin | 4.2% | 4.9% | 4.5% | - | 5.4% | 5.0% | 4.2% | - | 2.3% | 1.6% |
| Free cash flow margin | - | - | 4.5% | - | - | - | -0.8% | - | - | - |
| FCF / Net income | - | - | 0.99 | - | - | - | -0.19 | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 12.6% | 11.2% | 11.3% | - | 10.8% | 9.9% | 10.1% | - | 10.7% | 10.7% |
| Effective tax rate | 26.5% | 26.7% | 23.0% | - | 25.1% | 24.7% | 6.9% | - | 26.1% | 25.6% |
| Return on assets | 3.0% | 3.5% | 3.4% | - | 4.3% | 4.1% | 3.1% | - | 1.7% | 1.2% |
| Return on equity | 6.5% | 8.0% | 8.4% | - | 14.1% | 13.3% | 11.5% | - | 7.1% | 4.6% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 2.02 | 2.20 | 2.16 | 2.01 | 1.98 | 2.01 | 1.96 | 1.92 | 1.91 | 1.98 |
| Quick ratio | 2.02 | 2.20 | 2.16 | 2.01 | 1.98 | 2.01 | 1.96 | 1.37 | 1.91 | 1.98 |
| Cash ratio | 0.06 | 0.07 | 0.05 | 0.06 | 0.04 | 0.04 | 0.04 | 0.06 | 0.05 | 0.05 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 24.8x | 23.0x | 20.2x | - | 27.9x | 29.6x | 24.9x | - | 14.9x | 8.5x |
| Equity multiplier | 2.13 | 2.29 | 2.48 | 2.76 | 3.27 | 3.27 | 3.69 | 3.84 | 4.15 | 3.91 |
| Liabilities / Assets | 0.53 | 0.56 | 0.60 | 0.64 | 0.69 | 0.69 | 0.73 | 0.74 | 0.76 | 0.74 |
| Efficiency | ||||||||||
| Asset turnover | 0.73 | 0.72 | 0.75 | - | 0.81 | 0.81 | 0.74 | - | 0.75 | 0.73 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 189d | 188d | 191d | - | 195d | 194d | 185d | - | 198d | 194d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -19.0% | -20.0% | -18.7% | - | 2.1% | 9.8% | 19.2% | - | 11.1% | 18.1% |
| Revenue CAGR (3y) | -2.8% | 1.2% | -4.0% | - | -2.1% | -2.4% | -1.5% | - | -6.9% | -6.5% |
| Revenue CAGR (5y) | -7.8% | -6.4% | -6.4% | - | -3.1% | -2.1% | -1.4% | - | -3.6% | -4.2% |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -37.1% | -16.5% | 8.8% | - | 135.7% | 209.1% | 152.8% | - | 103.6% | - |
| Net income growth (YoY) | -37.1% | -22.4% | -12.5% | - | 141.8% | 245.1% | 268.5% | - | 89.6% | - |
| EPS growth (YoY) | -35.6% | -15.8% | -2.3% | - | 170.1% | 277.8% | 300.0% | - | 95.4% | - |
| EPS CAGR (3y) | 50.4% | - | - | - | 180.8% | - | - | - | 204.5% | - |
| EPS CAGR (5y) | 117.9% | - | - | - | - | - | - | - | 49.5% | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 36.8% | 29.2% | 20.2% | 18.9% | 20.8% | 18.0% | 17.7% | 9.0% | 4.5% | 13.0% |
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%