Company Quick10K Filing
Verso
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 35 $653
10-Q 2019-11-12 Quarter: 2019-09-30
10-Q 2019-08-08 Quarter: 2019-06-30
10-Q 2019-05-08 Quarter: 2019-03-31
10-K 2019-03-01 Annual: 2018-12-31
10-Q 2018-11-07 Quarter: 2018-09-30
10-Q 2018-08-08 Quarter: 2018-06-30
10-Q 2018-05-09 Quarter: 2018-03-31
10-K 2018-03-08 Annual: 2017-12-31
10-Q 2017-11-14 Quarter: 2017-09-30
10-Q 2017-08-09 Quarter: 2017-06-30
10-Q 2017-05-15 Quarter: 2017-03-31
10-K 2017-03-20 Annual: 2016-12-31
10-Q 2016-11-14 Quarter: 2016-09-30
10-Q 2016-08-15 Quarter: 2016-06-30
10-Q 2016-05-23 Quarter: 2016-03-31
10-K 2016-04-14 Annual: 2015-12-31
10-Q 2015-11-16 Quarter: 2015-09-30
10-Q 2015-08-11 Quarter: 2015-06-30
10-Q 2015-05-15 Quarter: 2015-03-31
10-K 2015-03-10 Annual: 2014-12-31
10-Q 2014-11-13 Quarter: 2014-09-30
10-Q 2014-08-14 Quarter: 2014-06-30
10-Q 2014-05-07 Quarter: 2014-03-31
10-K 2014-03-06 Annual: 2013-12-31
10-Q 2013-11-07 Quarter: 2013-09-30
10-Q 2013-08-08 Quarter: 2013-06-30
10-Q 2013-05-09 Quarter: 2013-03-31
10-K 2013-03-07 Annual: 2012-12-31
10-Q 2012-11-14 Quarter: 2012-09-30
10-Q 2012-08-09 Quarter: 2012-06-30
10-Q 2012-05-14 Quarter: 2012-03-31
10-K 2012-03-06 Annual: 2011-12-31
10-Q 2011-11-07 Quarter: 2011-09-30
10-Q 2011-08-11 Quarter: 2011-06-30
10-Q 2011-05-09 Quarter: 2011-03-31
10-K 2011-03-03 Annual: 2010-12-31
10-Q 2010-11-03 Quarter: 2010-09-30
10-Q 2010-08-11 Quarter: 2010-06-30
10-Q 2010-05-06 Quarter: 2010-03-31
10-K 2010-03-03 Annual: 2009-12-31
8-K 2020-02-18 Enter Agreement, Leave Agreement, Shareholder Rights, Amend Bylaw, Exhibits
8-K 2020-02-10 M&A, Other Events, Exhibits
8-K 2020-01-31 Officers, Shareholder Vote
8-K 2020-01-30 Enter Agreement, Officers, Other Events, Exhibits
8-K 2020-01-23 Other Events
8-K 2020-01-07
8-K 2019-12-23 Other Events, Exhibits
8-K 2019-12-16 Other Events, Exhibits
8-K 2019-12-10 Officers, Other Events, Exhibits
8-K 2019-11-12 Earnings, Regulation FD, Exhibits
8-K 2019-11-11 Officers, Other Events, Exhibits
8-K 2019-11-11 Enter Agreement, Officers, Other Events, Exhibits
8-K 2019-10-03 Regulation FD, Other Events, Exhibits
8-K 2019-08-08 Earnings, Regulation FD, Exhibits
8-K 2019-06-17 Enter Agreement, Shareholder Rights, Amend Bylaw, Other Events, Exhibits
8-K 2019-06-13 Other Events, Exhibits
8-K 2019-05-08 Earnings, Exhibits
8-K 2019-04-30 Exit Costs, Impairments, Regulation FD, Exhibits
8-K 2019-04-05 Officers, Other Events, Exhibits
8-K 2019-02-28 Earnings, Exhibits
8-K 2019-02-06 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-11-07 Earnings, Exhibits
8-K 2018-09-24
8-K 2018-09-24
8-K 2018-08-16 Regulation FD, Other Events, Exhibits
8-K 2018-08-08 Earnings, Exhibits
8-K 2018-07-13 Officers, Other Events, Exhibits
8-K 2018-07-05 Other Events
8-K 2018-05-09 Earnings, Exhibits
8-K 2018-03-20 Enter Agreement, Exhibits
8-K 2018-03-08 Earnings, Exhibits
8-K 2018-01-16 Other Events, Exhibits

Verso Financials

VRS Metrics, Comps, Filings

Annual | Quarterly

Business

In this report, the term "Verso," "the Company," "we," "us," and "our" refer to Verso Corporation, which is the ultimate parent entity and the issuer of Class A common stock listed on the New York Stock Exchange. In December 2016, Verso Corporation completed a consolidation and reorganization of its subsidiaries, or the "Internal Reorganization." For more information on the Internal Reorganization, see below under "History". After the Internal Reorganization, Verso is the sole member of Verso Holding LLC, which is the sole member of Verso Paper Holding LLC. As used in this report, the term "Verso Holding" refers to Verso Holding LLC, and the term "Verso Paper" refers to Verso Paper Holding LLC. Prior to the Internal Reorganization, Verso was the sole member of Verso Paper Finance Holdings One LLC, which was the sole member of Verso Paper Finance Holdings LLC, which was the sole member of Verso Paper Holdings LLC. The term "VPH" refers to Verso Paper Holdings LLC. As a result of the International Reorganization, VPH no longer exists.

We are the leading North American producer of coated papers, which are used primarily in commercial print, magazines, catalogs, high-end advertising brochures and annual reports, among other media and marketing publications. We produce a wide range of products, ranging from coated freesheet and coated groundwood, to specialty papers, packaging papers, inkjet and digital papers, supercalendered papers and uncoated freesheet. We also produce and sell bleached and unbleached market kraft pulp, which is used to manufacture printing and writing paper grades and tissue products.

We operate fourteen paper machines at seven mills located in Maine, Maryland, Michigan, Minnesota and Wisconsin, as of December 31, 2018. The mills have an aggregate annual production capacity of approximately 3,080,000 tons of paper. In February 2018, we announced plans to upgrade the shuttered No. 3 paper machine at our Androscoggin Mill in Jay, Maine, enabling this equipment to restart for the manufacture of packaging papers. This paper machine was previously idled beginning in January 2017 and shut down in July 2017. The upgrade was completed in the third quarter of 2018 and the No. 3 paper machine increased the aggregate annual paper production capacity by approximately 200,000 tons.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
International Paper (IP) 19,150 8% 6.8 5% 34,347 26,865 23,162 1,766 1,596 4,177 28,413
Domtar (UFS) 2,731 0% 5.1 6% 4,993 2,374 5,459 0 284 695 3,515
Neenah (NP) 1,095 17% 12.1 6% 858 451 990 170 50 108 1,310
Mercer (MERC) 996 0% 4.4 7% 2,030 1,383 1,241 0 148 392 1,739
Schweitzer Mauduit (SWM) 978 27% 7.5 6% 1,489 917 1,037 276 86 202 1,511
Glatfelter (GLT) 728 15% -12.7 -13% 1,296 753 904 134 -165 -83 1,058
Ameresco (AMRC) 683 22% 9.6 3% 1,110 771 171 36 89 858
Luxfer (LXFR) 664 25% 91.9 -2% 412 234 348 85 -9 8 753
Tutor Perini (TPC) 662 10% -11.9 -5% 4,413 2,924 4,390 458 -230 -123 1,463
Verso (VRS) 653 4% 2.3 6% 1,659 824 2,640 116 96 303 694
Renewable Energy Group (REGI) 630 3% 277.7 -6% 1,037 385 2,156 74 -61 2 679
Koppers (KOP) 629 19% 9.6 2% 1,598 1,495 1,773 332 32 168 1,606
McEwen Mining (MUX) 623 14% -17.9 -8% 623 135 132 18 -48 -36 649
Resolute Forest Products (RFP) 613 68% 2.4 6% 3,752 2,152 3,456 2,365 220 373 895
Essendant (ESND) 474 13% -89.5 -3% 1,791 1,358 4,987 647 -58 -11 963
Veritiv (VRTV) 294 0% 14.5 -1% 2,697 2,178 8,323 0 -27 73 1,062
Clearwater Paper (CLW) 284 11% -25.6 -8% 1,956 1,521 1,736 183 -150 -34 875
Orchids Paper Products (TIS) 9 -1% 26.6 -11% 334 230 187 -2 -38 7 197
Suzano (SUZ)

Balance Sheet ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-06-302016-12-312018-12-31
Cash95311332
Accounts Receivable9710184
Inventory167131138111484398
PP&E9357931,5245311,8571,016
Assets1,4441,2091,0999012,7331,699
Accounts Payable111928863113215
Long-Term Debt1,2621,2481,2721,3502,9023180
Liabilities1,5751,4531,5331,6813,912793
Stockholders' Equity-322-411-780-1,179906
Income Statement ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-06-302016-12-312018-12-31
Revenue1,7221,4751,3891,2973,1222,682
Cost of Revenue
Gross Profit
R&D
SG&A78747470187102
Tax0-1-1-000
Net Income-123-174-111-356-422171
Cash Flow ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-06-302016-12-312018-12-31
Cash Operating1511-27-58-266283
Cash Investing-66-7-14-25111-52
Cash Financing-6-38-978153-212