Quad/Graphics Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	63.3	29.2	52.9	25.2	179.9
Trading Asset Securities	-	0.1	0.9	3.8	-
Cash & Short-Term Investments	63.3	29.3	53.8	29	179.9
Cash Growth	116.04%	-45.54%	85.52%	-83.88%	225.91%
Accounts Receivable	290.5	273.2	316.2	372.6	362
Receivables	294.8	273.2	316.2	372.6	362
Inventory	143.5	162.4	178.8	260.7	226.2
Prepaid Expenses	36.8	69.4	38.9	42.2	41
Total Current Assets	538.4	534.3	587.7	704.5	809.1
Property, Plant & Equipment	529.6	578.6	717.2	783.2	852.7
Goodwill	107.6	100.3	103	86.4	86.4
Other Intangible Assets	13.7	7.2	21.8	46.9	75.3
Long-Term Deferred Tax Assets	4.2	7.1	12.4	11.5	11.8
Other Long-Term Assets	44.2	71.5	67.6	69.3	54.7
Total Assets	1,253	1,299	1,510	1,702	1,890
Accounts Payable	342	356.7	373.6	456.6	367.3
Accrued Expenses	110.3	114.9	122.9	123.5	137
Current Portion of Long-Term Debt	47	28	151.7	61.1	246.3
Current Portion of Leases	23.5	24.8	27.9	28.6	29.9
Current Income Taxes Payable	14.6	14.7	19.6	18.9	20
Current Unearned Revenue	29.8	44.7	35.6	53.1	66.4
Other Current Liabilities	57	114.9	59.5	53.6	90.2
Total Current Liabilities	624.2	698.7	790.8	795.4	957.1
Long-Term Debt	324	349.8	362.5	506.7	559.3
Long-Term Leases	50.6	62.7	83.2	88.7	101.2
Long-Term Unearned Revenue	0.1	0.1	0.9	1.2	2.1
Pension & Post-Retirement Benefits	37.6	51.6	59.3	59.1	46
Long-Term Deferred Tax Liabilities	4	3.2	5.1	9.3	11.9
Other Long-Term Liabilities	83.8	83	88.4	68.5	75.6
Total Liabilities	1,124	1,249	1,390	1,529	1,753
Common Stock	1.4	1.4	1.4	1.4	1.4
Additional Paid-In Capital	846.2	842.8	842.7	841.8	839.3
Retained Earnings	-623.2	-635.1	-573.9	-518.5	-527.8
Treasury Stock	-36.3	-28	-33.1	-23.5	-14.9
Comprehensive Income & Other	-59.5	-131.2	-117.6	-128.3	-161.2
Total Common Equity	128.6	49.9	119.5	172.9	136.8
Shareholders' Equity	128.6	49.9	119.5	172.9	136.8
Total Liabilities & Equity	1,253	1,299	1,510	1,702	1,890
Total Debt	445.1	465.3	625.3	685.1	936.7
Net Cash (Debt)	-381.8	-436	-571.5	-656.1	-756.8
Net Cash Per Share	-7.65	-9.16	-11.81	-12.50	-14.28
Filing Date Shares Outstanding	52.26	52.35	52.28	53.42	55.97
Total Common Shares Outstanding	50.9	52.1	51	52.7	54.3
Working Capital	-85.8	-164.4	-203.1	-90.9	-148
Book Value Per Share	2.53	0.96	2.34	3.28	2.52
Tangible Book Value	7.3	-57.6	-5.3	39.6	-24.9
Tangible Book Value Per Share	0.14	-1.11	-0.10	0.75	-0.46
Land	52.9	57.1	65.8	68.2	73.6
Buildings	509.9	547.6	638.7	651.9	658.4
Machinery	2,148	2,267	2,698	2,830	2,860
Construction In Progress	18	19.8	34.6	30.5	25.1

Source: S&P Global Market Intelligence. Standard template. Financial Sources.