Veritiv Corp
VRTVDelisted Nov 30, 2023- Industry
- Wholesale-Paper & Paper Products
- SEC CIK
- 0001599489
Veritiv Corp was delisted on Nov 30, 2023; its insiders filed their last Form 4 on Dec 6, 2023; 227 institutions reported holding it in 13F filings for Q3 2023, worth $2.17B in total; Baupost Group was the only superinvestor holding it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 8, 2026, 1:39 PM ET
Revenue flow, FY2022
Where the revenue went in FY2022, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 28, 2023 | Mar 1, 2022 | Mar 3, 2021 | Feb 27, 2020 | Feb 28, 2019 |
| Revenue | $7.15B | $6.85B | $6.35B | $7.66B | $8.70B |
| Selling, general and administrative | $762.7M | $732.7M | $717.9M | $823.3M | $867.6M |
| Operating income | $441.2M | $210.0M | $47.8M | $20.9M | $15.8M |
| Interest expense | $17.7M | $17.2M | $25.1M | $38.1M | $42.3M |
| Income tax | $94.0M | $52.9M | $8.80M | $700.0K | $5.50M |
| Net income | $337.9M | $144.6M | $34.2M | -$29.5M | -$15.7M |
| EPS, basic | $23.85 | $9.50 | $2.14 | – | $-0.99 |
| EPS, diluted | $23.29 | $9.01 | $2.08 | – | $-0.99 |
| Weighted shares, basic | 14.2M | 15.2M | 16.0M | – | 15.8M |
| Weighted shares, diluted | 14.5M | 16.1M | 16.5M | – | 15.8M |
| Margins and growth | |||||
| Operating margin | 6.2% | 3.1% | 0.8% | 0.3% | 0.2% |
| Net margin | 4.7% | 2.1% | 0.5% | -0.4% | -0.2% |
| Revenue growth, year over year | +4.3% | +8.0% | −17.2% | −11.9% | +4.0% |
| Net income growth, year over year | +133.7% | +322.8% | – | – | – |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 28, 2023 | Mar 1, 2022 | Mar 3, 2021 | Feb 27, 2020 | Feb 28, 2019 |
| Cash and equivalents | – | – | – | – | $64.3M |
| Accounts receivable | $889.6M | $1.01B | $849.5M | $910.8M | $1.18B |
| Inventory | – | $484.5M | – | – | – |
| Total current assets | $1.46B | $1.68B | $1.55B | $1.63B | $2.08B |
| Property, plant and equipment | $127.5M | $162.9M | $194.7M | $216.9M | $206.7M |
| Goodwill | $96.3M | $99.6M | $99.6M | $99.6M | $99.6M |
| Intangible assets | $35.6M | $42.7M | $47.4M | $52.2M | $57.2M |
| Total assets | $2.09B | $2.44B | $2.33B | $2.51B | $2.53B |
| Accounts payable | $452.9M | $561.9M | $471.9M | $476.9M | $641.9M |
| Short-term debt | $13.4M | $16.0M | $14.7M | $12.6M | – |
| Total current liabilities | $726.6M | $873.6M | $749.4M | $731.5M | $849.7M |
| Total liabilities | $1.33B | $1.80B | $1.75B | $1.97B | $1.99B |
| Shareholders' equity | $756.1M | $635.8M | $583.1M | $536.2M | $543.1M |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 28, 2023 | Mar 1, 2022 | Mar 3, 2021 | Feb 27, 2020 | Feb 28, 2019 |
| Operating cash flow | $252.4M | $154.7M | $289.2M | $281.0M | $15.0M |
| Capital expenditures | $21.9M | $20.4M | $23.6M | $34.1M | $45.4M |
| Free cash flow | $230.5M | $134.3M | $265.6M | $246.9M | -$30.4M |
| Depreciation and amortization | $45.6M | $55.2M | $57.7M | $53.5M | $53.5M |
| Stock-based compensation | $9.50M | $7.40M | $17.7M | $14.6M | $18.1M |
| Dividends paid | $8.50M | – | – | – | – |
| Share buybacks | $200.0M | $100.0M | $3.50M | – | $0 |
| Investing cash flow | $168.0M | -$4.30M | -$5.30M | -$33.6M | -$21.7M |
| Financing cash flow | -$428.6M | -$221.4M | -$202.6M | -$273.9M | -$8.70M |
| Net change in cash | -$8.70M | -$71.3M | $82.6M | -$26.3M | -$16.0M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 0.1% | 0.1% | 0.3% | 0.2% | 0.2% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.