Verso Corp
F:4OMA
Income Statement
Earnings Waterfall
Verso Corp
Income Statement
Verso Corp
| Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||
| Revenue |
1 681
N/A
|
1 648
-2%
|
1 564
-5%
|
1 475
-6%
|
1 433
-3%
|
1 398
-2%
|
1 400
+0%
|
1 389
-1%
|
1 355
-2%
|
1 345
-1%
|
1 321
-2%
|
1 297
-2%
|
1 804
+39%
|
2 261
+25%
|
2 692
+19%
|
3 122
+16%
|
3 006
-4%
|
2 858
-5%
|
2 751
-4%
|
2 641
-4%
|
2 567
-3%
|
2 522
-2%
|
2 468
-2%
|
2 461
0%
|
2 484
+1%
|
2 543
+2%
|
2 626
+3%
|
2 682
+2%
|
2 682
N/A
|
2 640
-2%
|
2 552
-3%
|
2 444
-4%
|
2 276
-7%
|
1 942
-15%
|
1 632
-16%
|
1 359
-17%
|
1 170
-14%
|
1 231
+5%
|
1 264
+3%
|
1 278
+1%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(1 445)
|
(1 430)
|
(1 356)
|
(1 273)
|
(1 227)
|
(1 198)
|
(1 202)
|
(1 179)
|
(1 190)
|
(1 171)
|
(1 160)
|
(1 176)
|
(1 604)
|
(1 985)
|
(2 368)
|
(2 731)
|
(2 619)
|
(2 510)
|
(2 474)
|
(2 347)
|
(2 289)
|
(2 317)
|
(2 229)
|
(2 244)
|
(2 265)
|
(2 270)
|
(2 296)
|
(2 321)
|
(2 283)
|
(2 236)
|
(2 186)
|
(2 115)
|
(1 999)
|
(1 736)
|
(1 515)
|
(1 334)
|
(1 171)
|
(1 172)
|
(1 137)
|
(1 062)
|
|
| Gross Profit |
236
N/A
|
218
-8%
|
208
-5%
|
202
-3%
|
205
+2%
|
200
-3%
|
198
-1%
|
210
+6%
|
165
-21%
|
174
+5%
|
160
-8%
|
121
-25%
|
200
+66%
|
276
+38%
|
324
+18%
|
391
+21%
|
387
-1%
|
348
-10%
|
277
-20%
|
294
+6%
|
278
-5%
|
205
-26%
|
239
+17%
|
217
-9%
|
219
+1%
|
273
+25%
|
330
+21%
|
361
+9%
|
399
+11%
|
404
+1%
|
366
-9%
|
329
-10%
|
277
-16%
|
206
-26%
|
117
-43%
|
25
-79%
|
(1)
N/A
|
59
N/A
|
127
+115%
|
216
+70%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(204)
|
(202)
|
(197)
|
(132)
|
(123)
|
(117)
|
(115)
|
(175)
|
(176)
|
(175)
|
(171)
|
(161)
|
(230)
|
(294)
|
(348)
|
(496)
|
(420)
|
(395)
|
(367)
|
(288)
|
(316)
|
(282)
|
(269)
|
(222)
|
(208)
|
(215)
|
(208)
|
(208)
|
(215)
|
(297)
|
(307)
|
(314)
|
(217)
|
(116)
|
(105)
|
(141)
|
(295)
|
(296)
|
(308)
|
(222)
|
|
| Selling, General & Administrative |
(78)
|
(77)
|
(75)
|
(74)
|
(74)
|
(74)
|
(74)
|
(74)
|
(73)
|
(71)
|
(71)
|
(70)
|
(107)
|
(136)
|
(151)
|
(187)
|
(179)
|
(173)
|
(171)
|
(144)
|
(130)
|
(114)
|
(107)
|
(106)
|
(98)
|
(102)
|
(103)
|
(102)
|
(107)
|
(114)
|
(118)
|
(127)
|
(124)
|
(105)
|
(95)
|
(77)
|
(65)
|
(69)
|
(69)
|
(76)
|
|
| Depreciation & Amortization |
(125)
|
(126)
|
(122)
|
(118)
|
(113)
|
(107)
|
(105)
|
(105)
|
(104)
|
(104)
|
(100)
|
(91)
|
(122)
|
(161)
|
(198)
|
(308)
|
(299)
|
(280)
|
(251)
|
(193)
|
(178)
|
(160)
|
(156)
|
(115)
|
(109)
|
(110)
|
(111)
|
(111)
|
(112)
|
(188)
|
(185)
|
(183)
|
(178)
|
(96)
|
(92)
|
(153)
|
(232)
|
(227)
|
(224)
|
(154)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
61
|
64
|
65
|
65
|
4
|
1
|
0
|
0
|
0
|
0
|
2
|
0
|
(1)
|
56
|
56
|
54
|
49
|
(8)
|
(8)
|
(6)
|
(1)
|
0
|
(3)
|
6
|
5
|
4
|
5
|
(4)
|
(4)
|
85
|
85
|
82
|
89
|
2
|
0
|
(15)
|
8
|
|
| Operating Income |
33
N/A
|
16
-51%
|
11
-32%
|
70
+542%
|
82
+17%
|
83
+2%
|
83
-1%
|
35
-57%
|
(11)
N/A
|
(1)
+94%
|
(11)
-1 471%
|
(40)
-266%
|
(30)
+26%
|
(19)
+37%
|
(24)
-29%
|
(105)
-332%
|
(33)
+69%
|
(47)
-42%
|
(90)
-91%
|
6
N/A
|
(38)
N/A
|
(77)
-103%
|
(30)
+61%
|
(5)
+83%
|
11
N/A
|
58
+427%
|
122
+110%
|
153
+25%
|
184
+20%
|
107
-42%
|
59
-45%
|
15
-75%
|
60
+300%
|
90
+50%
|
12
-87%
|
(116)
N/A
|
(296)
-155%
|
(237)
+20%
|
(181)
+24%
|
(6)
+97%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(126)
|
(128)
|
(130)
|
(135)
|
(138)
|
(139)
|
(140)
|
(138)
|
(138)
|
(139)
|
(141)
|
(142)
|
(172)
|
(205)
|
(234)
|
(266)
|
(230)
|
(174)
|
(116)
|
(56)
|
(39)
|
(38)
|
(38)
|
(38)
|
(40)
|
(36)
|
(41)
|
(33)
|
(23)
|
(18)
|
(3)
|
(2)
|
(1)
|
0
|
(1)
|
(1)
|
(2)
|
0
|
0
|
(2)
|
|
| Non-Reccuring Items |
(43)
|
(43)
|
(140)
|
(102)
|
(103)
|
(104)
|
(7)
|
(1)
|
(0)
|
(0)
|
(0)
|
(135)
|
(157)
|
(163)
|
(218)
|
(54)
|
(128)
|
(141)
|
1 214
|
1 176
|
1 270
|
1 287
|
(17)
|
(9)
|
(8)
|
(7)
|
(3)
|
(1)
|
0
|
(39)
|
(43)
|
(52)
|
(58)
|
(18)
|
(12)
|
(12)
|
(17)
|
(23)
|
0
|
(23)
|
|
| Total Other Income |
(29)
|
(8)
|
(8)
|
(7)
|
20
|
(3)
|
(3)
|
(8)
|
(15)
|
(24)
|
(38)
|
(39)
|
(29)
|
(20)
|
(6)
|
0
|
0
|
0
|
0
|
0
|
0
|
5
|
7
|
12
|
16
|
14
|
35
|
52
|
49
|
47
|
27
|
18
|
21
|
25
|
29
|
19
|
21
|
23
|
24
|
25
|
|
| Pre-Tax Income |
(166)
N/A
|
(163)
+2%
|
(267)
-64%
|
(175)
+34%
|
(140)
+20%
|
(162)
-16%
|
(67)
+59%
|
(112)
-67%
|
(164)
-47%
|
(164)
+0%
|
(190)
-16%
|
(356)
-87%
|
(387)
-9%
|
(407)
-5%
|
(481)
-18%
|
(425)
+12%
|
(391)
+8%
|
(362)
+7%
|
1 008
N/A
|
1 126
+12%
|
1 193
+6%
|
1 177
-1%
|
(78)
N/A
|
(38)
+51%
|
(19)
+50%
|
31
N/A
|
113
+265%
|
171
+51%
|
210
+23%
|
97
-54%
|
40
-59%
|
(21)
N/A
|
22
N/A
|
97
+341%
|
28
-71%
|
(110)
N/A
|
(294)
-167%
|
(239)
+19%
|
(158)
+34%
|
(6)
+96%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(0)
|
(0)
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
3
|
0
|
5
|
4
|
3
|
3
|
1
|
1
|
20
|
20
|
20
|
20
|
8
|
8
|
8
|
8
|
0
|
(1)
|
(1)
|
0
|
91
|
66
|
69
|
77
|
9
|
49
|
44
|
52
|
3
|
|
| Income from Continuing Operations |
(166)
|
(163)
|
(267)
|
(174)
|
(138)
|
(161)
|
(66)
|
(111)
|
(163)
|
(163)
|
(189)
|
(353)
|
(384)
|
(402)
|
(477)
|
(422)
|
(388)
|
(361)
|
1 009
|
1 146
|
1 213
|
1 197
|
(58)
|
(30)
|
(11)
|
39
|
121
|
171
|
209
|
96
|
40
|
70
|
88
|
166
|
105
|
(101)
|
(245)
|
(195)
|
(106)
|
(3)
|
|
| Net Income (Common) |
(166)
N/A
|
(163)
+2%
|
(267)
-64%
|
(174)
+35%
|
(138)
+20%
|
(161)
-16%
|
(66)
+59%
|
(111)
-69%
|
(163)
-47%
|
(163)
+0%
|
(189)
-16%
|
(353)
-87%
|
(384)
-9%
|
(402)
-4%
|
(477)
-19%
|
(422)
+12%
|
(388)
+8%
|
(361)
+7%
|
1 009
N/A
|
1 146
+14%
|
1 213
+6%
|
1 197
-1%
|
(58)
N/A
|
(30)
+48%
|
(11)
+63%
|
39
N/A
|
121
+210%
|
171
+41%
|
209
+22%
|
96
-54%
|
40
-58%
|
70
+75%
|
88
+26%
|
166
+89%
|
105
-37%
|
(101)
N/A
|
(245)
-143%
|
(195)
+20%
|
(106)
+46%
|
(3)
+97%
|
|
| EPS (Diluted) |
-3.16
N/A
|
-3.08
+3%
|
-5.05
-64%
|
-3.29
+35%
|
-2.61
+21%
|
-3.02
-16%
|
-1.23
+59%
|
-2.09
-70%
|
-3.07
-47%
|
-3.06
+0%
|
-3.55
-16%
|
-6.62
-86%
|
-4.82
+27%
|
-4.91
-2%
|
-5.83
-19%
|
-5.15
+12%
|
-4.74
+8%
|
-4.41
+7%
|
29.33
N/A
|
33.31
+14%
|
35.26
+6%
|
34.8
-1%
|
-1.67
N/A
|
-0.87
+48%
|
-0.32
+63%
|
1.12
N/A
|
3.45
+208%
|
4.78
+39%
|
5.94
+24%
|
2.77
-53%
|
1.14
-59%
|
1.91
+68%
|
2.49
+30%
|
4.81
+93%
|
3.12
-35%
|
-3.01
N/A
|
-7.42
-147%
|
-6.04
+19%
|
-3.58
+41%
|
-0.1
+97%
|
|