Smurfit Kappa Group Plc (SK3.IR) Financial Statements
Price: $41.44
Market Cap: $10.82B
Avg Volume: 961.57K
Market Cap: $10.82B
Avg Volume: 961.57K
Country: IE
Industry: Packaging & Containers
Sector: Consumer Cyclical
Industry: Packaging & Containers
Sector: Consumer Cyclical
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Smurfit Kappa Group Plc.
Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.27B | $12.81B | $10.11B | $8.53B | $9.05B | $8.95B | $8.56B | $8.16B | $8.11B | $8.08B |
| Cost of Revenue | $7.49B | $8.75B | $7.01B | $5.66B | $6.04B | $5.99B | $6.01B | $5.69B | $5.68B | $5.70B |
| Gross Profit | $3.79B | $4.06B | $3.09B | $2.87B | $3.00B | $2.96B | $2.55B | $2.47B | $2.43B | $2.38B |
| Gross Profit Ratio | 33.60% | 31.71% | 30.60% | 33.69% | 33.21% | 33.05% | 29.83% | 30.26% | 29.95% | 29.48% |
| Research and Development Expenses | $10.00M | $8.00M | $7.00M | $8.00M | $8.00M | $7.00M | $7.00M | $7.00M | $10.00M | $8.00M |
| General and Administrative Expenses | $1.46B | $1.44B | $1.20B | $1.23B | $1.21B | $1.15B | $1.08B | $1.00B | $1.02B | $1.04B |
| Selling and Marketing Expenses | $927.00M | $961.00M | $823.00M | $725.00M | $730.00M | $705.00M | $667.00M | $636.00M | $643.00M | $630.00M |
| Selling General and Administrative Expenses | $2.38B | $2.40B | $2.02B | $1.95B | $1.94B | $1.85B | $1.75B | $1.64B | $1.66B | $1.67B |
| Other Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $-2.00M | $-2.00M |
| Operating Expenses | $2.38B | $2.40B | $2.02B | $1.95B | $1.94B | $1.85B | $1.76B | $1.65B | $1.66B | $1.67B |
| Cost and Expenses | $9.87B | $11.15B | $9.03B | $7.61B | $7.99B | $7.84B | $7.76B | $7.34B | $7.34B | $7.37B |
| Interest Income | $30.00M | $9.00M | $3.00M | $3.00M | $4.00M | $4.00M | $3.00M | $3.00M | $5.00M | $6.00M |
| Interest Expense | $178.00M | $158.00M | $128.00M | $140.00M | $188.00M | $182.00M | $197.00M | $186.00M | $159.00M | $180.00M |
| Depreciation and Amortization | $635.00M | $796.00M | $552.00M | $586.00M | $674.00M | $419.00M | $400.00M | $397.00M | $375.00M | $366.00M |
| EBITDA | $2.06B | $2.23B | $1.62B | $1.48B | $1.56B | $1.49B | $1.18B | $1.19B | $1.12B | $1.10B |
| EBITDA Ratio | 18.26% | 17.44% | 16.08% | 17.32% | 17.22% | 17.19% | 13.58% | 15.16% | 13.60% | 12.21% |
| Operating Income | $1.25B | $1.44B | $1.07B | $891.00M | $884.00M | $1.04B | $797.00M | $815.00M | $711.00M | $661.00M |
| Operating Income Ratio | 11.10% | 11.23% | 10.62% | 10.45% | 9.77% | 11.61% | 9.31% | 9.99% | 8.77% | 8.18% |
| Total Other Income Expenses Net | $-327.86M | $-211.44M | $-125.87M | $-143.00M | $-207.00M | $-1.44B | $-221.00M | $-161.00M | $-112.00M | $-283.00M |
| Income Before Tax | $1.05B | $1.29B | $913.00M | $748.00M | $677.00M | $-404.00M | $576.00M | $654.00M | $599.00M | $378.00M |
| Income Before Tax Ratio | 9.36% | 10.09% | 9.03% | 8.77% | 7.48% | -4.52% | 6.73% | 8.02% | 7.39% | 4.68% |
| Income Tax Expense | $296.00M | $348.00M | $234.00M | $201.00M | $193.00M | $235.00M | $153.00M | $196.00M | $186.00M | $126.00M |
| Net Income | $758.00M | $944.00M | $679.00M | $545.00M | $476.00M | $-646.00M | $417.00M | $444.00M | $400.00M | $241.00M |
| Net Income Ratio | 6.72% | 7.37% | 6.72% | 6.39% | 5.26% | -7.22% | 4.87% | 5.44% | 4.93% | 2.98% |
| EPS | $2.94 | $3.65 | $2.64 | $2.28 | $2.02 | $-2.74 | $1.77 | $1.89 | $1.73 | $1.06 |
| EPS Diluted | $2.91 | $3.62 | $2.61 | $2.26 | $2.00 | $-2.74 | $1.76 | $1.88 | $1.69 | $1.03 |
| Weighted Average Shares Outstanding | 258.00M | 258.00M | 257.00M | 239.00M | 236.00M | 236.00M | 235.00M | 235.00M | 232.00M | 228.00M |
| Weighted Average Shares Outstanding Diluted | 260.00M | 261.00M | 260.00M | 241.00M | 238.00M | 236.00M | 237.00M | 237.00M | 236.00M | 235.00M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $890.00M | $777.00M | $855.00M | $891.00M | $189.00M | $407.00M | $530.00M | $436.00M | $270.00M | $387.00M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $890.00M | $777.00M | $855.00M | $891.00M | $189.00M | $407.00M | $530.00M | $436.00M | $270.00M | $387.00M |
| Net Receivables | $1.64B | $- | $1.79B | $1.34B | $1.40B | $1.44B | $1.37B | $1.31B | $1.27B | $1.22B |
| Inventory | $1.04B | $1.24B | $1.06B | $784.00M | $830.00M | $858.00M | $849.00M | $789.00M | $743.00M | $710.00M |
| Other Current Assets | $374.51M | $2.49B | $481.92M | $257.00M | $270.00M | $258.00M | $227.00M | $190.00M | $225.00M | $318.00M |
| Total Current Assets | $4.08B | $4.51B | $4.07B | $3.26B | $2.68B | $2.96B | $2.96B | $2.71B | $2.50B | $2.63B |
| Property Plant Equipment Net | $5.48B | $4.98B | $4.61B | $4.15B | $4.27B | $3.61B | $3.24B | $3.26B | $3.10B | $3.03B |
| Goodwill | $2.48B | $2.46B | $2.51B | $2.34B | $2.38B | $2.36B | $2.28B | $2.30B | $2.33B | $2.27B |
| Intangible Assets | $195.00M | $217.00M | $211.00M | $208.00M | $233.00M | $229.00M | $143.00M | $180.00M | $180.00M | $142.00M |
| Goodwill and Intangible Assets | $2.67B | $2.67B | $2.72B | $2.55B | $2.62B | $2.59B | $2.43B | $2.48B | $2.51B | $2.41B |
| Long Term Investments | $29.00M | $26.00M | $24.00M | $23.00M | $26.00M | $34.00M | $34.00M | $38.00M | $38.00M | $38.00M |
| Tax Assets | $138.00M | $141.00M | $149.00M | $172.00M | $185.00M | $153.00M | $200.00M | $190.00M | $200.00M | $237.00M |
| Other Non-Current Assets | $228.00M | $158.00M | $131.00M | $135.00M | $152.00M | $148.00M | $140.00M | $185.00M | $166.00M | $144.00M |
| Total Non-Current Assets | $8.55B | $7.97B | $7.64B | $7.03B | $7.25B | $6.54B | $6.04B | $6.15B | $6.01B | $5.86B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $12.63B | $12.48B | $11.71B | $10.29B | $9.93B | $9.49B | $9.01B | $8.86B | $8.51B | $8.48B |
| Account Payables | $1.16B | $1.80B | $1.42B | $978.00M | $1.02B | $1.06B | $1.06B | $1.02B | $1.04B | $932.00M |
| Short Term Debt | $173.01M | $172.77M | $255.93M | $154.00M | $188.00M | $170.00M | $678.00M | $142.00M | $89.00M | $69.00M |
| Tax Payables | $133.00M | $49.00M | $27.00M | $7.00M | $13.00M | $24.00M | $37.00M | $21.00M | $30.00M | $12.00M |
| Deferred Revenue | $- | $- | $- | $- | $- | $126.00M | $-570.00M | $-582.00M | $-511.00M | $-542.00M |
| Other Current Liabilities | $1.23B | $1.00B | $1.12B | $1.09B | $995.00M | $863.00M | $746.00M | $730.00M | $675.00M | $764.00M |
| Total Current Liabilities | $2.69B | $3.03B | $2.83B | $2.23B | $2.21B | $2.12B | $2.52B | $1.91B | $1.83B | $1.78B |
| Long Term Debt | $3.84B | $3.86B | $3.88B | $3.12B | $3.50B | $3.38B | $2.68B | $3.26B | $3.24B | $3.10B |
| Deferred Revenue Non-Current | $34.00M | $26.00M | $700.00M | $943.00M | $1.02B | $918.00M | $986.00M | $1.01B | $923.00M | $1.00B |
| Deferred Tax Liabilities Non-Current | $171.00M | $190.00M | $175.00M | $191.00M | $175.00M | $173.00M | $148.00M | $183.00M | $179.00M | $183.00M |
| Other Non-Current Liabilities | $317.79M | $336.36M | $-291.48M | $2.14B | $1.22B | $1.11B | $1.15B | $1.19B | $1.11B | $1.19B |
| Total Non-Current Liabilities | $4.36B | $4.42B | $4.49B | $4.28B | $4.72B | $4.48B | $3.82B | $4.45B | $4.35B | $4.29B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $7.05B | $7.44B | $7.32B | $6.51B | $6.93B | $6.60B | $6.35B | $6.36B | $6.18B | $6.07B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Retained Earnings | $2.60B | $2.14B | $1.47B | $917.00M | $615.00M | $420.00M | $1.20B | $853.00M | $619.00M | $271.00M |
| Accumulated Other Comprehensive Income Loss | $388.00M | $301.00M | $319.00M | $256.00M | $393.00M | $-3.57B | $-3.61B | $-3.42B | $-3.22B | $-3.51B |
| Other Total Stockholders Equity | $3.72B | $4.37B | $2.91B | $2.60B | $1.94B | $1.96B | $1.95B | $1.95B | $1.95B | $1.94B |
| Total Stockholders Equity | $5.56B | $5.03B | $4.38B | $3.77B | $2.95B | $2.76B | $2.51B | $2.33B | $2.18B | $2.22B |
| Total Equity | $5.57B | $5.04B | $4.39B | $3.78B | $2.99B | $2.89B | $2.66B | $2.50B | $2.33B | $2.42B |
| Total Liabilities and Stockholders Equity | $12.63B | $12.48B | $11.71B | $10.29B | $9.93B | $9.49B | $9.01B | $8.86B | $8.51B | $8.48B |
| Minority Interest | $14.00M | $13.00M | $13.00M | $13.00M | $41.00M | $131.00M | $151.00M | $174.00M | $151.00M | $197.00M |
| Total Liabilities and Total Equity | $12.63B | $12.48B | $11.71B | $10.29B | $9.93B | $9.49B | $9.01B | $8.86B | $8.51B | $8.48B |
| Total Investments | $29.00M | $26.00M | $24.00M | $23.00M | $26.00M | $34.00M | $34.00M | $38.00M | $38.00M | $38.00M |
| Total Debt | $3.75B | $3.78B | $3.75B | $3.28B | $3.69B | $3.54B | $3.34B | $3.38B | $3.32B | $3.16B |
| Net Debt | $2.85B | $3.00B | $2.90B | $2.38B | $3.50B | $3.13B | $2.81B | $2.95B | $3.05B | $2.77B |
Cash Flow Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $1.05B | $1.29B | $913.00M | $748.00M | $677.00M | $-404.00M | $576.00M | $654.00M | $599.00M | $378.00M |
| Depreciation and Amortization | $635.00M | $630.00M | $553.00M | $557.00M | $541.00M | $419.00M | $400.00M | $397.00M | $375.00M | $366.00M |
| Deferred Income Tax | $-551.00M | $- | $-606.00M | $-326.00M | $-355.00M | $-389.00M | $-367.00M | $-404.00M | $-354.00M | $-282.00M |
| Stock Based Compensation | $61.00M | $65.00M | $69.00M | $35.00M | $39.00M | $22.00M | $23.00M | $12.00M | $28.00M | $26.00M |
| Change in Working Capital | $167.00M | $-350.00M | $-114.00M | $95.00M | $48.00M | $-93.00M | $-110.00M | $-94.00M | $-18.00M | $-37.00M |
| Accounts Receivables | $267.00M | $-238.00M | $-492.00M | $22.00M | $52.00M | $-99.00M | $-136.00M | $-51.00M | $-49.00M | $-113.00M |
| Inventory | $196.00M | $-187.00M | $-246.00M | $14.00M | $40.00M | $-84.00M | $-112.00M | $-60.00M | $-75.00M | $-32.00M |
| Accounts Payables | $-267.00M | $238.00M | $492.00M | $-22.00M | $-52.00M | $- | $- | $- | $- | $- |
| Other Working Capital | $-29.00M | $-163.00M | $132.00M | $81.00M | $8.00M | $-9.00M | $2.00M | $-34.00M | $57.00M | $-5.00M |
| Other Non Cash Items | $150.00M | $-186.00M | $171.00M | $138.00M | $213.00M | $1.48B | $221.00M | $169.00M | $149.00M | $285.00M |
| Net Cash Provided by Operating Activities | $1.52B | $1.45B | $986.00M | $1.25B | $1.16B | $1.03B | $743.00M | $734.00M | $779.00M | $736.00M |
| Investments in Property Plant and Equipment | $-859.00M | $-890.00M | $-615.00M | $-514.00M | $-632.00M | $-553.00M | $-458.00M | $-440.00M | $-439.00M | $-446.00M |
| Acquisitions Net | $-30.00M | $-104.00M | $-415.00M | $-2.00M | $-113.00M | $-508.00M | $-48.00M | $-40.00M | $-310.00M | $-150.00M |
| Purchases of Investments | $- | $-1.00M | $- | $- | $- | $- | $- | $3.00M | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $13.00M | $- | $- |
| Other Investing Activities | $58.00M | $28.00M | $21.00M | $18.00M | $10.00M | $12.00M | $21.00M | $14.00M | $49.00M | $15.00M |
| Net Cash Used for Investing Activities | $-831.00M | $-967.00M | $-1.01B | $-498.00M | $-735.00M | $-1.05B | $-485.00M | $-450.00M | $-700.00M | $-581.00M |
| Debt Repayment | $-49.82M | $-6.54M | $413.82M | $-420.00M | $-263.00M | $167.00M | $54.00M | $13.00M | $88.00M | $18.00M |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $-27.17M | $-69.11M | $-24.60M | $-19.68M | $-23.00M | $-10.00M | $-10.00M | $-10.00M | $-13.00M | $-13.00M |
| Dividends Paid | $-367.00M | $-332.00M | $-302.00M | $-260.00M | $-238.00M | $-213.00M | $-191.00M | $-166.00M | $-141.00M | $-107.00M |
| Other Financing Activities | $48.80M | $-64.32M | $19.48M | $632.00M | $-105.00M | $-14.00M | $-26.00M | $6.00M | $-14.00M | $-26.00M |
| Net Cash Used Provided by Financing Activities | $-550.00M | $-496.00M | $-14.00M | $-64.00M | $-629.00M | $-70.00M | $-173.00M | $-157.00M | $-80.00M | $-128.00M |
| Effect of Forex Changes on Cash | $-17.00M | $-59.00M | $-12.00M | $19.00M | $-17.00M | $-27.00M | $16.00M | $12.00M | $-97.00M | $-90.00M |
| Net Change in Cash | $119.00M | $-70.00M | $-49.00M | $704.00M | $-218.00M | $-113.00M | $101.00M | $139.00M | $-98.00M | $-63.00M |
| Cash at End of Period | $890.00M | $771.00M | $827.00M | $876.00M | $172.00M | $390.00M | $503.00M | $402.00M | $263.00M | $361.00M |
| Cash at Beginning of Period | $771.00M | $841.00M | $876.00M | $172.00M | $390.00M | $503.00M | $402.00M | $263.00M | $361.00M | $424.00M |
| Operating Cash Flow | $1.52B | $1.45B | $986.00M | $1.25B | $1.16B | $1.03B | $743.00M | $734.00M | $779.00M | $736.00M |
| Capital Expenditure | $-859.00M | $-890.00M | $-615.00M | $-514.00M | $-632.00M | $-553.00M | $-458.00M | $-440.00M | $-439.00M | $-446.00M |
| Free Cash Flow | $658.00M | $562.00M | $371.00M | $733.00M | $531.00M | $480.00M | $285.00M | $294.00M | $340.00M | $290.00M |