Cash flow Sonoco Products Company

Equities

SON

US8354951027

Paper Packaging

Market Closed - Nyse Other stock markets 04:00:02 2024-12-09 pm EST			After market 04:49:32 pm
52.03 ^USD	+1.56%		52.14	+0.20%

Dec. 04	Crown Holdings to Receive $300 Million From Eviosys Stake Sale	MT
Dec. 04	Sonoco Products Closes Acqusition of Eviosys	MT

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Published financial data: SONOCO PRODUCTS COMPANY

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	5.37B	5.24B	5.59B	7.25B	6.78B
Total Revenues	5.37B	5.24B	5.59B	7.25B	6.78B
Cost of Goods Sold, Total	4.32B	4.19B	4.53B	5.78B	5.34B
Gross Profit	1.06B	1.05B	1.06B	1.47B	1.44B
Selling General & Admin Expenses, Total	523M	532M	1.09B	654M	713M
R&D Expenses	23.3M	22M	24.1M	28.7M	29.3M
Other Operating Expenses, Total	547M	554M	1.11B	683M	743M
Operating Income	511M	493M	-50.06M	790M	698M
Interest Expense, Total	-66.84M	-75.05M	-64.54M	-102M	-137M
Interest And Investment Income	5.24M	2.98M	4.76M	4.62M	10.38M
Net Interest Expenses	-61.6M	-72.07M	-59.78M	-97.04M	-126M
Income (Loss) On Equity Invest.	5.17M	4.68M	10.84M	14.21M	10.35M
Currency Exchange Gains (Loss)	-	-358K	3.65M	355K	7.56M
EBT, Excl. Unusual Items	455M	425M	-95.36M	707M	590M
Restructuring Charges	-44.82M	-67.73M	-9.18M	-46.82M	-56.93M
Merger & Related Restructuring Charges	-8.84M	-4.67M	-17.72M	-70.21M	-26.25M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	39.66M
Gain (Loss) On Sale Of Assets	-	-14.52M	-2.67M	-	78.93M
Asset Writedown	-15.06M	-77.85M	-5.03M	-10.1M	-
Other Unusual Items	-	-	-20.18M	5.2M	-
EBT, Incl. Unusual Items	386M	260M	-150M	585M	625M
Income Tax Expense	93.27M	53.03M	-67.43M	119M	149M
Earnings From Continuing Operations	293M	207M	-82.71M	467M	476M
Net Income to Company	293M	207M	-82.71M	467M	476M
Minority Interest	-883K	222K	-2.77M	-543K	-942K
Net Income - (IS)	292M	207M	-85.48M	466M	475M
Net Income to Common Incl Extra Items	292M	207M	-85.48M	466M	475M
Net Income to Common Excl. Extra Items	292M	207M	-85.48M	466M	475M
Per Share Items
Net EPS - Basic	2.9	2.06	-0.86	4.76	4.83
Basic EPS - Continuing Operations	2.9	2.06	-0.86	4.76	4.83
Basic Weighted Average Shares Outstanding	101M	101M	99.61M	97.99M	98.29M
Net EPS - Diluted	2.88	2.05	-0.86	4.72	4.8
Diluted EPS - Continuing Operations	2.88	2.05	-0.86	4.72	4.8
Diluted Weighted Average Shares Outstanding	101M	101M	99.61M	98.73M	98.89M
Normalized Basic EPS	2.81	2.63	-0.63	4.51	3.74
Normalized Diluted EPS	2.8	2.63	-0.63	4.47	3.72
Dividend Per Share	1.7	1.72	1.8	1.92	2.02
Payout Ratio	58.35	83.21	-208.97	40.11	41.56
Supplemental Items
EBITDA	750M	748M	189M	1.1B	1.04B
EBITA	563M	546M	-645K	870M	785M
EBIT	511M	493M	-50.06M	790M	698M
EBITDAR	864M	844M	263M	1.18B	1.14B
Effective Tax Rate - (Ratio)	24.17	20.37	44.91	20.24	23.88
Current Domestic Taxes	17.5M	15.48M	36.46M	71.01M	95.88M
Current Foreign Taxes	45.91M	42.76M	55.02M	59.76M	65.62M
Total Current Taxes	63.41M	58.24M	91.48M	131M	161M
Deferred Domestic Taxes	33.66M	944K	-160M	-7.94M	-7.7M
Deferred Foreign Taxes	-3.8M	-6.15M	1.04M	-4.33M	-4.52M
Total Deferred Taxes	29.86M	-5.21M	-159M	-12.27M	-12.22M
Normalized Net Income	283M	266M	-62.36M	442M	368M
Interest Capitalized	-	-	-	-	-
Interest on Long-Term Debt	763K	1.05M	1.38M	4.75M	4.45M
Non-Cash Pension Expense	26.28M	31.29M	569M	7.94M	14.89M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	23.3M	22M	24.1M	28.7M	29.3M
Net Rental Expense, Total	113M	95.44M	74.36M	82.16M	95.97M
Imputed Operating Lease Interest Expense	35.96M	28.62M	19.66M	24.67M	30.29M
Imputed Operating Lease Depreciation	77.5M	66.82M	54.69M	57.49M	65.68M
Stock-Based Comp., SG&A Exp. (Total)	14.33M	10.61M	22.61M	31.31M	27.78M
Stock-Based Comp., Other (Total)	-	-	1K	-	-
Total Stock-Based Compensation	14.33M	10.61M	22.61M	31.31M	27.78M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	145M	565M	171M	227M	152M
Total Cash And Short Term Investments	145M	565M	171M	227M	152M
Accounts Receivable, Total	755M	707M	807M	919M	959M
Other Receivables	57.39M	55.25M	44.84M	43.48M	52.31M
Total Receivables	812M	762M	852M	962M	1.01B
Inventory	504M	451M	562M	1.1B	774M
Prepaid Expenses	60.2M	52.56M	74.03M	76.05M	113M
Deferred Tax Assets Current	-	-	-	-	-
Total Current Assets	1.52B	1.83B	1.66B	2.36B	2.05B
Gross Property Plant And Equipment	4.28B	4.38B	4.45B	4.99B	5.38B
Accumulated Depreciation	-2.66B	-2.81B	-2.82B	-2.88B	-3.06B
Net Property Plant And Equipment	1.62B	1.58B	1.62B	2.11B	2.32B
Long-term Investments	54.34M	51.94M	54.36M	59.17M	56.4M
Goodwill	1.43B	1.39B	1.32B	1.68B	1.81B
Other Intangibles, Total	388M	322M	278M	742M	854M
Deferred Tax Assets Long-Term	46.5M	42.48M	25.82M	29.88M	31.33M
Other Long-Term Assets, Total	66.52M	64.71M	110M	75.08M	74.43M
Total Assets	5.13B	5.28B	5.07B	7.05B	7.19B
Liabilities
Accounts Payable, Total	538M	537M	721M	819M	707M
Accrued Expenses, Total	272M	416M	294M	297M	289M
Short-term Borrowings	450M	-	349M	399M	-
Current Portion of Long-Term Debt	27.43M	451M	56.16M	84.18M	28.34M
Current Portion of Leases	64.85M	56.8M	52.26M	71.32M	73.59M
Current Income Taxes Payable	11.38M	7.42M	11.54M	16.9M	10.64M
Unearned Revenue Current, Total	17.05M	16.69M	18.99M	22.42M	24.97M
Other Current Liabilities	24.42M	26.53M	22.56M	34.37M	31.28M
Total Current Liabilities	1.4B	1.51B	1.53B	1.74B	1.17B
Long-Term Debt	1.17B	1.21B	1.15B	2.64B	2.97B
Long-Term Leases	276M	295M	287M	335M	336M
Pension & Other Post Retirement Benefits	305M	172M	158M	120M	143M
Deferred Tax Liability Non Current	76.21M	86.02M	70.48M	107M	101M
Other Non Current Liabilities	77.96M	91.08M	35.91M	38.09M	49.84M
Total Liabilities	3.31B	3.37B	3.22B	4.98B	4.76B
Common Stock, Total	7.18M	7.18M	7.18M	7.18M	7.18M
Additional Paid In Capital	311M	314M	120M	141M	159M
Retained Earnings	2.3B	2.34B	2.07B	2.35B	2.62B
Comprehensive Income and Other	-817M	-757M	-359M	-430M	-366M
Total Common Equity	1.8B	1.9B	1.84B	2.07B	2.42B
Minority Interest	13.02M	10.92M	12.1M	6.98M	7.5M
Total Equity	1.82B	1.91B	1.85B	2.07B	2.43B
Total Liabilities And Equity	5.13B	5.28B	5.07B	7.05B	7.19B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	100M	100M	97.45M	97.78M	98.13M
ECS Total Common Shares Outstanding	100M	100M	97.37M	97.64M	97.96M
Book Value / Share	17.99	18.91	18.87	21.16	24.75
Tangible Book Value	-14.96M	188M	235M	-351M	-240M
Tangible Book Value Per Share	-0.15	1.88	2.41	-3.6	-2.45
Total Debt	1.99B	2.01B	1.89B	3.53B	3.4B
Net Debt	1.84B	1.45B	1.72B	3.3B	3.25B
Debt Equivalent of Unfunded Proj. Benefit Obligation	293M	293M	97.53M	99.72M	118M
Debt Equivalent Oper. Leases	908M	763M	595M	657M	768M
Minority Interest, Total (Incl. Fin. Div)	13.02M	10.92M	12.1M	6.98M	7.5M
Equity Method Investments, Total	54.34M	51.94M	54.36M	59.17M	56.4M
Account Code - Inventory Valuation	4	4	4	4	4
LIFO Reserve, Total	-20.2M	-20.37M	-22.9M	-51.34M	-39.53M
Inventories - Raw Materials, Total	332M	284M	362M	642M	449M
Inventories - Finished Goods, Total	172M	167M	200M	454M	325M
Land - (BS)	114M	119M	113M	131M	136M
Buildings, Total	560M	567M	550M	664M	740M
Machinery, Total	3.08B	3.19B	3.18B	3.53B	3.83B
Full Time Employees	23K	20K	20.5K	22K	23K
Accumulated Allowance for Doubtful Accounts (Supple)	14.38M	20.92M	19.65M	16.88M	21.66M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	292M	207M	-85.48M	466M	475M
Depreciation & Amortization - CF	188M	202M	190M	228M	254M
Amortization of Goodwill and Intangible Assets - (CF)	51.58M	52.9M	49.42M	80.44M	87.26M
Depreciation & Amortization, Total	239M	255M	239M	309M	341M
(Gain) Loss From Sale Of Asset	746K	11.76M	2.68M	-5.98M	-123M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	25.03M	100M	-4.08M	21.44M	26.44M
(Income) Loss On Equity Investments - (CF)	-5.17M	-4.68M	-10.84M	-14.21M	-10.35M
Stock-Based Compensation (CF)	14.33M	10.61M	22.61M	31.31M	27.78M
Tax Benefit from Stock Options	-	-	-	-	-
Other Operating Activities, Total	-165M	24.69M	305M	-27.14M	920K
Change In Accounts Receivable	59.62M	17.85M	-150M	-2.47M	24.94M
Change In Inventories	2.63M	12.12M	-130M	-353M	343M
Change In Accounts Payable	-25.38M	21.49M	172M	27.22M	-149M
Change In Income Taxes	-6.2M	-12.54M	-42.2M	5.5M	-28.29M
Change in Other Net Operating Assets	-5.96M	61.26M	-20.39M	51.58M	-45.3M
Cash from Operations	426M	706M	299M	509M	883M
Capital Expenditure	-196M	-194M	-256M	-329M	-363M
Sale of Property, Plant, and Equipment	14.61M	12.97M	13.17M	9.62M	80.34M
Cash Acquisitions	-298M	-49.26M	-22.21M	-1.43B	-373M
Divestitures	-	103M	91.57M	-	33.24M
Investment in Marketable and Equity Securities, Total	-	-	-	-	-11.3M
Other Investing Activities, Total	603K	684K	7.59M	4.73M	14.08M
Cash from Investing	-479M	-126M	-166M	-1.74B	-619M
Short Term Debt Issued, Total	130M	20.95M	356M	-	6.41M
Long-Term Debt Issued, Total	277M	1.12B	172M	2.15B	963M
Total Debt Issued	407M	1.14B	528M	2.15B	969M
Short Term Debt Repaid, Total	-4.49M	-250M	-	-368M	-
Long-Term Debt Repaid, Total	-140M	-886M	-628M	-286M	-1.11B
Total Debt Repaid	-144M	-1.14B	-628M	-653M	-1.11B
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-9.61M	-8.48M	-218M	-4.55M	-10.62M
Common Dividends Paid	-170M	-173M	-179M	-187M	-197M
Common & Preferred Stock Dividends Paid	-170M	-173M	-179M	-187M	-197M
Other Financing Activities, Total	-5.71M	11.48M	-16.73M	-14.47M	-
Cash from Financing	77.2M	-163M	-514M	1.29B	-352M
Foreign Exchange Rate Adjustments	941K	3.14M	-13.1M	-5.35M	12.9M
Net Change in Cash	24.89M	420M	-394M	56.46M	-75.5M
Supplemental Items
Cash Interest Paid	66.77M	71.71M	68.19M	88.21M	136M
Cash Income Tax Paid (Refund)	82.51M	65M	134M	123M	190M
Levered Free Cash Flow	333M	585M	-223M	-83.81M	466M
Unlevered Free Cash Flow	375M	632M	-183M	-20.27M	552M
Change In Net Working Capital	2.3M	-252M	157M	525M	-110M
Net Debt Issued / Repaid	263M	6.76M	-100M	1.5B	-144M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	6.58	5.92	-0.6	8.14	6.13
Return on Total Capital	9.18	7.97	-0.82	10.57	7.63
Return On Equity %	16.31	11.12	-4.4	23.81	21.13
Return on Common Equity	16.38	11.21	-4.57	23.9	21.16
Margin Analysis
Gross Profit Margin %	19.68	19.98	19	20.31	21.25
SG&A Margin	9.74	10.15	19.46	9.02	10.52
EBITDA Margin %	13.96	14.28	3.38	15.15	15.32
EBITA Margin %	10.47	10.42	-0.01	12	11.58
EBIT Margin %	9.51	9.41	-0.9	10.89	10.3
Income From Continuing Operations Margin %	5.45	3.96	-1.48	6.44	7.02
Net Income Margin %	5.43	3.96	-1.53	6.43	7
Net Avail. For Common Margin %	5.43	3.96	-1.53	6.43	7
Normalized Net Income Margin	5.27	5.08	-1.12	6.09	5.42
Levered Free Cash Flow Margin	6.19	11.16	-3.99	-1.16	6.87
Unlevered Free Cash Flow Margin	6.97	12.06	-3.27	-0.28	8.13
Asset Turnover
Asset Turnover	1.11	1.01	1.08	1.2	0.95
Fixed Assets Turnover	3.77	3.28	3.5	3.89	3.06
Receivables Turnover (Average Receivables)	6.98	7.17	7.39	8.4	7.22
Inventory Turnover (Average Inventory)	8.65	8.78	8.94	6.97	5.71
Short Term Liquidity
Current Ratio	1.08	1.21	1.09	1.35	1.76
Quick Ratio	0.68	0.88	0.67	0.68	1
Operating Cash Flow to Current Liabilities	0.3	0.47	0.2	0.29	0.76
Days Sales Outstanding (Average Receivables)	52.32	51.07	49.42	43.43	50.54
Days Outstanding Inventory (Average Inventory)	42.18	41.68	40.82	52.36	63.87
Average Days Payable Outstanding	46.14	47.53	49.49	44.54	55.51
Cash Conversion Cycle (Average Days)	48.36	45.22	40.75	51.25	58.9
Long Term Solvency
Total Debt/Equity	109.57	105.44	102.22	170.09	139.95
Total Debt / Total Capital	52.28	51.32	50.55	62.97	58.32
LT Debt/Equity	79.7	78.85	77.49	143.32	135.75
Long-Term Debt / Total Capital