Veritiv Corp
NYSE:VRTV
Income Statement
Earnings Waterfall
Veritiv Corp
Revenue
|
6.1B
USD
|
Cost of Revenue
|
-4.6B
USD
|
Gross Profit
|
1.5B
USD
|
Operating Expenses
|
-1.1B
USD
|
Operating Income
|
375.1m
USD
|
Other Expenses
|
-103.3m
USD
|
Net Income
|
271.8m
USD
|
Income Statement
Veritiv Corp
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 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||||||||||||||||||||||||||||||||
Revenue |
5 652
N/A
|
5 571
-1%
|
5 498
-1%
|
6 445
+17%
|
7 407
+15%
|
8 237
+11%
|
9 067
+10%
|
8 897
-2%
|
8 718
-2%
|
8 600
-1%
|
8 501
-1%
|
8 408
-1%
|
8 327
-1%
|
8 301
0%
|
8 270
0%
|
8 260
0%
|
8 365
+1%
|
8 471
+1%
|
8 614
+2%
|
8 690
+1%
|
8 696
+0%
|
8 537
-2%
|
8 323
-3%
|
8 055
-3%
|
7 659
-5%
|
7 425
-3%
|
6 872
-7%
|
6 539
-5%
|
6 346
-3%
|
6 198
-2%
|
6 451
+4%
|
6 628
+3%
|
6 851
+3%
|
7 149
+4%
|
7 311
+2%
|
7 348
+0%
|
7 146
-3%
|
6 798
-5%
|
6 435
-5%
|
6 092
-5%
|
|
Gross Profit | |||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(4 737)
|
(4 666)
|
(4 611)
|
(5 384)
|
(6 181)
|
(6 854)
|
(7 506)
|
(7 345)
|
(7 160)
|
(7 053)
|
(6 973)
|
(6 891)
|
(6 826)
|
(6 801)
|
(6 774)
|
(6 767)
|
(6 847)
|
(6 947)
|
(7 075)
|
(7 144)
|
(7 156)
|
(7 018)
|
(6 813)
|
(6 558)
|
(6 206)
|
(5 974)
|
(5 497)
|
(5 209)
|
(5 040)
|
(4 919)
|
(5 131)
|
(5 271)
|
(5 418)
|
(5 635)
|
(5 727)
|
(5 713)
|
(5 526)
|
(5 215)
|
(4 900)
|
(4 610)
|
|
Gross Profit |
916
N/A
|
905
-1%
|
887
-2%
|
1 061
+20%
|
1 226
+15%
|
1 383
+13%
|
1 561
+13%
|
1 552
-1%
|
1 557
+0%
|
1 547
-1%
|
1 529
-1%
|
1 517
-1%
|
1 500
-1%
|
1 500
N/A
|
1 496
0%
|
1 493
0%
|
1 518
+2%
|
1 524
+0%
|
1 539
+1%
|
1 546
+0%
|
1 541
0%
|
1 519
-1%
|
1 510
-1%
|
1 497
-1%
|
1 453
-3%
|
1 451
0%
|
1 375
-5%
|
1 330
-3%
|
1 305
-2%
|
1 279
-2%
|
1 321
+3%
|
1 357
+3%
|
1 433
+6%
|
1 514
+6%
|
1 584
+5%
|
1 634
+3%
|
1 620
-1%
|
1 584
-2%
|
1 535
-3%
|
1 482
-3%
|
|
Operating Income | |||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(880)
|
(865)
|
(853)
|
(1 005)
|
(1 153)
|
(1 297)
|
(1 454)
|
(1 439)
|
(1 433)
|
(1 420)
|
(1 400)
|
(1 396)
|
(1 386)
|
(1 394)
|
(1 398)
|
(1 417)
|
(1 446)
|
(1 451)
|
(1 474)
|
(1 466)
|
(1 471)
|
(1 460)
|
(1 447)
|
(1 432)
|
(1 386)
|
(1 368)
|
(1 290)
|
(1 240)
|
(1 205)
|
(1 147)
|
(1 165)
|
(1 178)
|
(1 207)
|
(1 238)
|
(1 232)
|
(1 224)
|
(1 207)
|
(1 155)
|
(1 127)
|
(1 106)
|
|
Selling, General & Administrative |
(862)
|
(848)
|
(836)
|
(977)
|
(1 115)
|
(1 251)
|
(1 397)
|
(1 382)
|
(1 376)
|
(1 363)
|
(1 345)
|
(1 341)
|
(1 331)
|
(1 340)
|
(1 343)
|
(1 363)
|
(1 392)
|
(1 395)
|
(1 418)
|
(1 410)
|
(1 418)
|
(1 408)
|
(1 396)
|
(1 381)
|
(1 333)
|
(1 313)
|
(1 234)
|
(1 183)
|
(1 148)
|
(1 089)
|
(1 106)
|
(1 121)
|
(1 152)
|
(1 184)
|
(1 181)
|
(1 177)
|
(1 161)
|
(1 112)
|
(1 086)
|
(1 066)
|
|
Depreciation & Amortization |
(17)
|
(17)
|
(18)
|
(27)
|
(38)
|
(47)
|
(58)
|
(57)
|
(57)
|
(57)
|
(55)
|
(55)
|
(55)
|
(54)
|
(54)
|
(54)
|
(54)
|
(56)
|
(56)
|
(56)
|
(54)
|
(52)
|
(51)
|
(52)
|
(54)
|
(55)
|
(55)
|
(57)
|
(58)
|
(58)
|
(58)
|
(57)
|
(55)
|
(53)
|
(50)
|
(48)
|
(46)
|
(43)
|
(42)
|
(40)
|
|
Operating Income |
36
N/A
|
41
+12%
|
34
-17%
|
57
+68%
|
73
+28%
|
85
+17%
|
107
+26%
|
113
+5%
|
125
+11%
|
127
+2%
|
129
+1%
|
121
-6%
|
114
-6%
|
106
-7%
|
98
-8%
|
76
-22%
|
72
-5%
|
73
+2%
|
65
-11%
|
80
+23%
|
69
-14%
|
59
-15%
|
62
+6%
|
65
+4%
|
67
+4%
|
83
+24%
|
85
+3%
|
90
+5%
|
100
+11%
|
132
+32%
|
156
+18%
|
180
+15%
|
225
+26%
|
277
+23%
|
353
+28%
|
410
+16%
|
414
+1%
|
429
+4%
|
408
-5%
|
375
-8%
|
|
Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
0
|
0
|
(7)
|
(14)
|
(20)
|
(27)
|
(27)
|
(27)
|
(27)
|
(27)
|
(28)
|
(28)
|
(27)
|
(28)
|
(29)
|
(31)
|
(34)
|
(37)
|
(40)
|
(42)
|
(44)
|
(44)
|
(42)
|
(38)
|
(34)
|
(31)
|
(27)
|
(25)
|
(23)
|
(21)
|
(19)
|
(17)
|
(16)
|
(15)
|
(16)
|
(18)
|
(19)
|
(19)
|
(18)
|
|
Non-Reccuring Items |
(38)
|
(31)
|
(15)
|
(63)
|
(79)
|
(93)
|
(104)
|
(60)
|
(46)
|
(41)
|
(34)
|
(36)
|
(38)
|
(42)
|
(67)
|
(78)
|
(54)
|
(78)
|
(67)
|
(56)
|
(54)
|
(40)
|
(32)
|
(30)
|
(46)
|
(40)
|
(61)
|
(57)
|
(52)
|
(57)
|
(29)
|
(24)
|
(15)
|
(14)
|
(10)
|
10
|
28
|
20
|
22
|
5
|
|
Total Other Income |
2
|
1
|
1
|
(0)
|
(1)
|
(5)
|
(4)
|
(5)
|
(7)
|
(5)
|
(10)
|
(9)
|
(8)
|
(7)
|
(4)
|
(3)
|
11
|
23
|
26
|
26
|
16
|
(0)
|
(11)
|
(9)
|
(12)
|
(5)
|
4
|
(0)
|
20
|
21
|
22
|
24
|
5
|
4
|
9
|
8
|
8
|
7
|
2
|
4
|
|
Pre-Tax Income |
0
N/A
|
11
+2 675%
|
20
+78%
|
(14)
N/A
|
(22)
-58%
|
(33)
-53%
|
(27)
+18%
|
21
N/A
|
45
+118%
|
55
+21%
|
58
+6%
|
48
-17%
|
41
-15%
|
30
-27%
|
(1)
N/A
|
(33)
-2 658%
|
(2)
+94%
|
(16)
-742%
|
(13)
+22%
|
11
N/A
|
(10)
N/A
|
(26)
-155%
|
(25)
+5%
|
(17)
+32%
|
(29)
-71%
|
5
N/A
|
(2)
N/A
|
6
N/A
|
43
+629%
|
73
+71%
|
128
+74%
|
161
+26%
|
198
+23%
|
251
+27%
|
337
+34%
|
412
+22%
|
432
+5%
|
437
+1%
|
412
-6%
|
366
-11%
|
|
Net Income | |||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(0)
|
(5)
|
(8)
|
6
|
2
|
6
|
1
|
(18)
|
(18)
|
(22)
|
(22)
|
(21)
|
(20)
|
(14)
|
(0)
|
12
|
19
|
19
|
14
|
7
|
26
|
31
|
29
|
25
|
(1)
|
(8)
|
(8)
|
(0)
|
(9)
|
(18)
|
(27)
|
(41)
|
(53)
|
(50)
|
(70)
|
(89)
|
(94)
|
(109)
|
(105)
|
(94)
|
|
Income from Continuing Operations |
0
|
7
|
12
|
(8)
|
(20)
|
(27)
|
(26)
|
3
|
27
|
32
|
36
|
27
|
21
|
16
|
(2)
|
(21)
|
17
|
3
|
2
|
18
|
16
|
5
|
4
|
8
|
(30)
|
(3)
|
(10)
|
6
|
34
|
56
|
101
|
120
|
145
|
202
|
267
|
323
|
338
|
328
|
308
|
272
|
|
Net Income (Common) |
0
N/A
|
6
+3 100%
|
12
+83%
|
(7)
N/A
|
(20)
-165%
|
(27)
-39%
|
(26)
+5%
|
3
N/A
|
27
+927%
|
32
+21%
|
36
+11%
|
27
-25%
|
21
-22%
|
16
-26%
|
(2)
N/A
|
(21)
-1 327%
|
(13)
+38%
|
(27)
-102%
|
(28)
-6%
|
(13)
+55%
|
(16)
-24%
|
(27)
-69%
|
(27)
-3%
|
(24)
+14%
|
(30)
-25%
|
(3)
+89%
|
(10)
-225%
|
6
N/A
|
34
+511%
|
56
+63%
|
101
+80%
|
120
+19%
|
145
+21%
|
202
+40%
|
267
+32%
|
323
+21%
|
338
+5%
|
328
-3%
|
308
-6%
|
272
-12%
|
|
EPS (Diluted) |
0
N/A
|
0.78
N/A
|
1.42
+82%
|
-0.46
N/A
|
-1.61
-250%
|
-1.7
-6%
|
-1.63
+4%
|
0.16
N/A
|
1.67
+944%
|
2.02
+21%
|
2.24
+11%
|
1.67
-25%
|
1.3
-22%
|
0.98
-25%
|
-0.09
N/A
|
-1.37
-1 422%
|
-0.84
+39%
|
-1.7
-102%
|
-1.79
-5%
|
-0.76
+58%
|
-0.99
-30%
|
-1.67
-69%
|
-1.69
-1%
|
-1.45
+14%
|
-1.84
-27%
|
-0.2
+89%
|
-0.66
-230%
|
0.33
N/A
|
2.08
+530%
|
3.34
+61%
|
6.18
+85%
|
7.57
+22%
|
8.98
+19%
|
13.18
+47%
|
17.88
+36%
|
22.92
+28%
|
23.29
+2%
|
23.94
+3%
|
22.45
-6%
|
19.69
-12%
|