Quad/Graphics, Inc. (QUAD) quarterly balance sheet — complete assets, liabilities & equity history
Quad/Graphics, Inc. (QUAD) balance sheet — 18-year assets, liabilities & shareholders' equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Total Current Assets | 501.5M | 522.6M | 538.4M | 529.4M | 492.8M | 511.1M | 534.3M | 591.9M | 518.7M | 549.8M | 587.7M | 635.4M | 574.8M | 642.1M | 704.5M | 778.8M | 682.4M | 774.2M | 809.1M | 743M |
| Cash & Short-Term Investments | 7.4M | 7M | 63.3M | 6.2M | 6.7M | 8.1M | 29.2M | 12.5M | 12.8M | 10.2M | 52.9M | 11M | 11.3M | 8.7M | 25.2M | 14M | 11.8M | 138.3M | 179.9M | 27.4M |
| Cash Only | 7.4M | 7M | 63.3M | 6.2M | 6.7M | 8.1M | 29.2M | 12.5M | 12.8M | 10.2M | 52.9M | 11M | 11.3M | 8.7M | 25.2M | 14M | 11.8M | 138.3M | 179.9M | 27.4M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 298.2M | 311.6M | 294.8M | 313.2M | 290M | 299.6M | 273.2M | 305.6M | 294.2M | 302.7M | 316.2M | 348.2M | 318.4M | 348.6M | 372.6M | 399.2M | 344.5M | 341.7M | 362M | 392.5M |
| Days Sales Outstanding | 26.4 | 46.97 | 44.35 | 47.19 | 46.91 | 40.95 | 37.58 | 40.89 | 42.82 | 43.01 | 38.79 | 43.79 | 43.16 | 42.34 | 40.11 | 41.22 | 41.21 | 42.55 | 40.61 | 46.66 |
| Inventory | 156.1M | 164.7M | 143.5M | 177.2M | 153.4M | 161.4M | 162.4M | 201.7M | 174.5M | 180.6M | 178.8M | 234.4M | 200.6M | 239.3M | 260.7M | 323.2M | 278.5M | 249.1M | 226.2M | 240.9M |
| Days Inventory Outstanding | 30.84 | 29.11 | 28.74 | 32.12 | 30.55 | 28.04 | 29.26 | 31.35 | 31.05 | 29.74 | 28.62 | 33.76 | 33.26 | 34.55 | 36.18 | 39.08 | 36.74 | 32.6 | 29.04 | 30.74 |
| Other Current Assets | 39.8M | 39.3M | 36.8M | 32.8M | 42.7M | 4.3M | 69.5M | 72.1M | 37.2M | 56.3M | 39.8M | 41.8M | 44.5M | 45.5M | 46M | 0 | 0 | 0 | 0 | 44.1M |
| Total Non-Current Assets | 696.3M | 708.3M | 714.5M | 738.4M | 748M | 735.4M | 764.7M | 796.9M | 849.2M | 873.9M | 922M | 933.9M | 962.5M | 984.8M | 997.3M | 1.01B | 1.04B | 1.06B | 1.08B | 1.1B |
| Property, Plant & Equipment | 517.6M | 523.4M | 529.6M | 551.9M | 560M | 567M | 578.6M | 595.4M | 675.1M | 693.6M | 717.2M | 741.8M | 763.5M | 773.5M | 783.2M | 800.3M | 822.1M | 835.5M | 852.7M | 855.6M |
| Fixed Asset Turnover | 2.02x | 1.10x | 1.17x | 1.06x | 1.01x | 1.10x | 1.21x | 1.06x | 0.93x | 0.93x | 1.08x | 0.93x | 0.91x | 0.98x | 1.12x | 1.02x | 0.91x | 0.88x | 1.00x | 0.80x |
| Goodwill | 107.6M | 107.6M | 107.6M | 107.6M | 107.6M | 100.3M | 100.3M | 100.3M | 100.3M | 100.3M | 103M | 86.4M | 86.4M | 86.4M | 86.4M | 86.4M | 86.4M | 86.4M | 86.4M | 86.4M |
| Intangible Assets | 11.7M | 12.5M | 13.7M | 15M | 16.4M | 6.2M | 7.2M | 10.6M | 14M | 17.7M | 21.8M | 27.9M | 34.1M | 40.2M | 46.9M | 54M | 61.3M | 68.2M | 75.3M | 82M |
| Long-Term Investments | 0 | 15.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -12.8M | -11.8M | 2.5M |
| Other Non-Current Assets | 59.4M | 49.6M | 63.6M | 63.9M | 64M | 61.9M | 78.6M | 86.6M | 59.8M | 62.3M | 67.6M | 77.8M | 78.5M | 84.7M | 80.8M | 74.2M | 71.7M | 73.9M | 66.5M | 63M |
| Total Assets | 1.2B | 1.23B | 1.25B | 1.27B | 1.24B | 1.25B | 1.3B | 1.39B | 1.37B | 1.42B | 1.51B | 1.57B | 1.54B | 1.63B | 1.7B | 1.79B | 1.72B | 1.84B | 1.89B | 1.84B |
| Asset Turnover | 0.87x | 0.47x | 0.50x | 0.47x | 0.46x | 0.49x | 0.53x | 0.49x | 0.45x | 0.45x | 0.51x | 0.45x | 0.44x | 0.46x | 0.51x | 0.47x | 0.43x | 0.40x | 0.46x | 0.39x |
| Asset Growth % | -3.47% | -1.25% | -3.55% | -8.71% | -9.29% | -12.45% | -13.96% | -11.5% | -11.02% | -12.49% | -11.29% | -12.51% | -10.82% | -11.49% | -9.96% | -2.62% | -3.64% | 0.05% | -1.96% | -12.34% |
| Total Current Liabilities | 573.7M | 554.3M | 624.2M | 539.5M | 534.3M | 533.1M | 698.7M | 698.1M | 611.8M | 631.3M | 790.8M | 785.3M | 715.2M | 760.4M | 795.4M | 766.6M | 717.4M | 926M | 957.1M | 867.7M |
| Accounts Payable | 315.3M | 317.5M | 342M | 292.5M | 288.4M | 329.6M | 356.7M | 335.3M | 333.2M | 359.8M | 373.6M | 411.9M | 359.3M | 405.8M | 456.6M | 446.5M | 379.8M | 396.3M | 367.3M | 341.3M |
| Days Payables Outstanding | 60.83 | 62.28 | 56.86 | 56.45 | 59.98 | 59.43 | 55.6 | 55.71 | 60.6 | 60.68 | 54.4 | 59.84 | 57.85 | 59.59 | 55.96 | 53.66 | 54.04 | 52.37 | 44.06 | 49.17 |
| Short-Term Debt | 50.2M | 48.7M | 47M | 36.6M | 32.5M | 30.3M | 28M | 101.6M | 82.1M | 71.5M | 179.6M | 154M | 153.9M | 152.4M | 61.1M | 52.7M | 49.9M | 281.5M | 245.6M | 288.6M |
| Deferred Revenue (Current) | 0 | 0 | 29.8M | 0 | 0 | 0 | 44.7M | 0 | 0 | 0 | 35.6M | 0 | 0 | 0 | 53.1M | 0 | 0 | 51.5M | 66.4M | 43.2M |
| Other Current Liabilities | 184.2M | 163.8M | 166.2M | 186.8M | 190M | 146.9M | 229.2M | 236.8M | 170.3M | 174M | 173.4M | 192.2M | 173.3M | 174M | 176.7M | 237.8M | 257.5M | 160.1M | 119.1M | 156.8M |
| Current Ratio | 0.87x | 0.94x | 0.86x | 0.98x | 0.92x | 0.96x | 0.76x | 0.85x | 0.85x | 0.87x | 0.74x | 0.81x | 0.80x | 0.84x | 0.89x | 1.02x | 0.95x | 0.84x | 0.85x | 0.86x |
| Quick Ratio | 0.60x | 0.65x | 0.63x | 0.65x | 0.64x | 0.66x | 0.53x | 0.56x | 0.56x | 0.58x | 0.52x | 0.51x | 0.52x | 0.53x | 0.56x | 0.59x | 0.56x | 0.57x | 0.61x | 0.58x |
| Cash Conversion Cycle | -3.59 | 13.79 | 16.23 | 22.87 | 17.48 | 9.56 | 11.24 | 16.53 | 13.27 | 12.06 | 13.01 | 17.7 | 18.58 | 17.3 | 20.33 | 26.64 | 23.9 | 22.78 | 25.6 | 28.24 |
| Total Non-Current Liabilities | 499.4M | 550M | 500.1M | 631.6M | 619.5M | 626M | 550.4M | 639.8M | 677M | 703.2M | 599.4M | 640.6M | 668.5M | 712M | 733.5M | 889.4M | 868.2M | 774.9M | 796.1M | 829.6M |
| Long-Term Debt | 349.8M | 384.5M | 322.9M | 433.4M | 420.5M | 438.8M | 349.1M | 423.4M | 455.5M | 473.9M | 362.5M | 431.6M | 451.6M | 478.9M | 506.7M | 674.6M | 643.9M | 547.9M | 554.9M | 563.8M |
| Capital Lease Obligations | 45.2M | 45.9M | 50.6M | 55.7M | 58.2M | 58.9M | 62.7M | 67.5M | 76.6M | 80.6M | 83.2M | 80.8M | 86.8M | 89.2M | 88.7M | 94.4M | 101.4M | 94.7M | 101.2M | 84.7M |
| Deferred Tax Liabilities | 4.1M | 3.5M | 4M | 4.6M | 3.8M | 3.7M | 3.2M | 0 | 5.1M | 5.9M | 5.1M | 6.2M | 7.8M | 22.2M | 9.3M | 15.8M | 13.6M | 12.8M | 11.9M | 9.5M |
| Other Non-Current Liabilities | 100.3M | 116.1M | 122.6M | 137.9M | 137M | 124.6M | 135.3M | 148.9M | 139.8M | 142.8M | 147.7M | 122M | 122.3M | 121.7M | 127.6M | 104.6M | 109.3M | 117.7M | 126M | 169.8M |
| Total Liabilities | 1.07B | 1.1B | 1.12B | 1.17B | 1.15B | 1.16B | 1.25B | 1.34B | 1.29B | 1.33B | 1.39B | 1.43B | 1.38B | 1.47B | 1.53B | 1.66B | 1.59B | 1.7B | 1.75B | 1.7B |
| Total Debt | 469.2M | 503.4M | 444M | 549.3M | 534.6M | 552M | 464.6M | 616.9M | 640.4M | 652M | 653.2M | 693.6M | 721M | 748.7M | 685.1M | 851.3M | 825.4M | 954.1M | 931.6M | 967.2M |
| Net Debt | 461.8M | 496.4M | 380.7M | 543.1M | 527.9M | 543.9M | 435.4M | 604.4M | 627.6M | 641.8M | 600.3M | 682.6M | 709.7M | 740M | 659.9M | 837.3M | 813.6M | 815.8M | 751.7M | 939.8M |
| Debt / Equity | 3.76x | 3.98x | 3.45x | 5.68x | 6.14x | 6.32x | 9.31x | 12.12x | 8.10x | 7.31x | 5.47x | 4.84x | 4.69x | 4.85x | 3.96x | 6.18x | 5.97x | 6.95x | 6.81x | 6.68x |
| Debt / EBITDA | 14.62x | 11.31x | 8.09x | 10.36x | 12.26x | 12.03x | 7.45x | 10.49x | 12.41x | 12.94x | 10.00x | 12.19x | 14.42x | 12.52x | 9.04x | 12.98x | 15.66x | 20.97x | 16.61x | 15.28x |
| Net Debt / EBITDA | 14.39x | 11.16x | 6.93x | 10.25x | 12.11x | 11.85x | 6.98x | 10.28x | 12.16x | 12.73x | 9.19x | 12.00x | 14.19x | 12.37x | 8.71x | 12.76x | 15.44x | 17.93x | 13.40x | 14.85x |
| Interest Coverage | 1.67x | 1.79x | 2.02x | 2.03x | 1.02x | 1.55x | 1.32x | -0.28x | 0.89x | -0.69x | 0.12x | 0.72x | 0.52x | 0.03x | 0.71x | 2.35x | 1.59x | 0.92x | -0.01x | 2.09x |
| Total Equity | 124.7M | 126.6M | 128.6M | 96.7M | 87M | 87.4M | 49.9M | 50.9M | 79.1M | 89.2M | 119.5M | 143.4M | 153.6M | 154.5M | 172.9M | 137.7M | 138.3M | 137.3M | 136.8M | 144.7M |
| Equity Growth % | 43.33% | 44.85% | 157.72% | 89.98% | 9.99% | -2.02% | -58.24% | -64.5% | -48.5% | -42.27% | -30.88% | 4.14% | 11.06% | 12.53% | 26.39% | -4.84% | 4.69% | 47.48% | 61.32% | -12.04% |
| Book Value per Share | 2.49 | 2.55 | 2.58 | 1.95 | 1.83 | 1.72 | 0.97 | 1.06 | 1.66 | 1.89 | 2.53 | 2.99 | 3.12 | 3.14 | 3.52 | 2.67 | 2.56 | 2.67 | 2.67 | 2.73 |
| Total Shareholders' Equity | 124.7M | 126.6M | 128.6M | 96.7M | 87M | 87.4M | 49.9M | 50.9M | 79.1M | 89.2M | 119.5M | 143.4M | 153.6M | 154.5M | 172.9M | 137.7M | 138.3M | 137.3M | 136.8M | 144.7M |
| Common Stock | 1.4M | 1.4M | 1.4M | 1.4M | 1.4M | 1.4M | 1.4M | 1.4M | 1.4M | 1.4M | 1.4M | 1.4M | 1.4M | 1.4M | 1.4M | 1.4M | 1.4M | 1.4M | 1.4M | 1.4M |
| Retained Earnings | -623.4M | -622.1M | -623.2M | -630.5M | -637M | -633.1M | -635.1M | -637.2M | -610M | -604.6M | -573.9M | -551.9M | -549.2M | -543.1M | -518.5M | -509.8M | -523.5M | -528.8M | -527.8M | -507M |
| Treasury Stock | -35.6M | -34.5M | -36.3M | -36.1M | -35.5M | -31.4M | -28M | -27.9M | -27.7M | -28.7M | -33.1M | -30.1M | -24.9M | -21.2M | -23.5M | -23.4M | -14.5M | -14.6M | -14.9M | -13.6M |
| Accumulated OCI | -60.4M | -59M | -59.5M | -82.9M | -85M | -90.4M | -131.2M | -126.7M | -124.2M | -116.9M | -117.6M | -117.1M | -113.5M | -121.1M | -128.3M | -171.1M | -164.7M | -159.3M | -161.2M | -174.2M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |