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SEALED AIR CORP (SEE)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   8-K10-K10-K10-K10-K10-K10-K10-K
Net sales  5,641.95,494.84,874.04,761.24,703.64,461.64,211.34,410.3
            Net sales growth  2.7%12.7%2.4%1.2%5.4%5.9%-4.5%-43.1%
Cost of sales  3,869.03,852.93,293.93,226.33,230.63,049.52,810.32,955.1
    Gross profit  1,772.91,680.91,609.31,564.81,502.11,412.11,401.01,455.2
            Gross margin  31.4%30.6%33.0%32.9%31.9%31.7%33.3%33.0%
Selling, general and administrative expenses  786.2772.4773.7913.3782.3815.6754.3778.0
Amortization expense of intangible assets  36.138.837.528.915.713.115.011.1
Restructuring charges (Note 12)  12.114.511.041.947.812.12.848.7
    Operating profit  944.8900.9788.1578.5656.3571.3628.9617.4
            Operating margin  16.7%16.4%16.2%12.2%14.0%12.8%14.9%14.0%
Interest expense, net  -162.3-167.8-174.4-184.1-177.9-184.2-191.9-211.0
Other expense, net (Note 21)   -16.912.5-24.1-18.16.2-0.115.4
    Earnings before income tax provision   716.2626.2370.3457.8393.3387.9291.4
Income tax provision (Note 17)  238.0225.0142.176.6307.5330.595.6132.6
    Net earnings from continuing operations  491.3491.2484.1293.7150.362.8292.3158.8
Gain (Loss) on sale of discontinued operations, net of tax   15.618.8-30.742.8640.7  
    Net earnings  491.6506.8502.9263.0193.1814.9486.4335.4
   
Basic:          
Continuing operations (in dollars per share)  0.00.00.00.00.00.00.00.0
Discontinued operations (in dollars per share)   0.00.00.00.00.00.00.0
   
    Net earnings per common share - basic (in dollars per share)  $3.37$3.36$3.24$1.70$1.21$4.33$2.49$1.63
   
Diluted:          
Continuing operations (in dollars per share)  0.00.00.00.00.00.00.00.0
Discontinued operations (in dollars per share)   0.00.00.00.00.00.00.0
    Net earnings per common share - diluted (n dollars per share)  $3.33$3.32$3.22$1.69$1.20$4.29$2.46$1.62
   
Weighted average number of common shares outstanding: (Note 22)          
Basic (in shares)  145.9150.9155.2154.3159.4186.9194.3203.9
Diluted (in shares)  147.4152.4156.0155.2160.2188.9197.2206.7

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