Magnera Corp (MAGN) financial statements: income statement, balance sheet and cash flow

Magnera Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Sep 27, 2025 · FY), Magnera Corp reported revenue of $3.2B (+131.2% year on year) and net income of ($159.0M) (-101.1% year on year).

Income statement

Magnera Corp income statement, fiscal years
Line itemSep 27, 2025 · FYDec 31, 2023 · FYDec 31, 2022 · FYDec 31, 2021 · FY
Net sales$3.2B$1.4B$1.5B$1.1B
Cost of goods sold$2.9B$1.3B$1.3B$939.9M
Selling, general and administrative$190.0M$109.7M$125.0M$121.3M
Amortization of intangibles$50.0M———
Goodwill and other impairment$0—$190.6M—
Restructuring and other activities$89.0M———
Corporate expense allocation$3.0M———
Operating income (loss)$5.0M$2.7M($164.0M)$28.6M
Other expense (income), net$30.0M($10.6M)($7.6M)($2.7M)
Interest expense, net$141.0M———
Income (loss) before income taxes($166.0M)($71.1M)($204.4M)$13.7M
Income tax expense (benefit)($7.0M)$7.0M($10.3M)$7.0M
Net income (loss)($159.0M)($79.1M)($194.2M)$6.9M
Net income (loss) per share: Basic (in Dollars per share)-$4.47-$1.75-$4.33$0.15
Net income (loss) per share: diluted (in Dollars per share)-$4.47-$1.75-$4.33$0.15
Magnera Corp income statement, quarters
Line itemJun 27, 2026 · Q3Mar 28, 2026 · Q2Dec 27, 2025 · Q1Jun 28, 2025 · Q3
Net sales$857.0M$796.0M$792.0M$839.0M
Cost of goods sold$745.0M$701.0M$695.0M$749.0M
Selling, general and administrative$56.0M$50.0M$50.0M$50.0M
Amortization of intangibles$11.0M$12.0M$11.0M$13.0M
Restructuring and other activities$23.0M$16.0M$22.0M—
Operating income (loss)$22.0M$17.0M$14.0M$13.0M
Other expense, net$3.0M($1.0M)$3.0M$0
Interest expense, net$37.0M$35.0M$40.0M$37.0M
Loss before income taxes($18.0M)($17.0M)($29.0M)($24.0M)
Income tax expense (benefit)$2.0M$1.0M$5.0M($6.0M)
Net loss($20.0M)($18.0M)($34.0M)($18.0M)
Net loss per share: Basic (in Dollars per share)-$0.56-$0.50-$0.95-$0.51
Net loss per share: Diluted (in Dollars per share)-$0.56-$0.50-$0.95-$0.51

Balance sheet

Magnera Corp balance sheet, fiscal years
Line itemSep 27, 2025 · FYDec 31, 2023 · FYDec 31, 2022 · FYDec 31, 2021 · FY
Cash and cash equivalents$305.0M$50.3M$110.7M$138.4M
Accounts receivable$522.0M$171.0M$195.7M$170.2M
Inventories$474.0M$298.2M$309.4M$279.5M
Prepaid expenses and other current assets$122.0M$86.5M$63.7M$48.4M
Total current assets$1.4B$606.0M$679.5M$636.6M
Property, plant and equipment$1.5B———
Goodwill and intangible assets$890.0M———
Right-of-use assets$62.0M———
Other assets$138.0M$80.9M$78.2M$92.8M
Total assets$4.0B$1.6B$1.6B$1.9B
Accounts payable$356.0M$158.5M$217.6M$214.0M
Accrued employee costs$90.0M———
Other current liabilities$155.0M$112.8M$88.7M$99.4M
Total current liabilities$601.0M$280.4M$360.4M$371.2M
Long-term debt$2.0B$853.2M$793.3M$738.1M
Deferred income taxes$46.0M$52.2M$54.4M$87.3M
Operating lease liabilities$45.0M———
Other long-term liabilities$281.0M$121.2M$121.3M$141.3M
Total liabilities$2.9B$1.3B$1.3B$1.3B
Common Stock (35.6 million shares issued)1.0M544.0K544.0K544.0K
Berry net investment$0———
Additional paid-in capital$1.4B$58.8M$60.7M$64.8M
Retained loss($159.0M)$419.8M$498.9M$705.6M
Accumulated other comprehensive loss($195.0M)($82.5M)($97.9M)($80.3M)
Total equity$1.1B$256.9M$318.0M$542.8M
Total liabilities and equity$4.0B$1.6B$1.6B$1.9B
Magnera Corp balance sheet, quarters
Line itemJun 27, 2026Mar 28, 2026Dec 27, 2025Jun 28, 2025
Cash and cash equivalents$280.0M$303.0M$264.0M$276.0M
Accounts receivable$531.0M$536.0M$553.0M$517.0M
Finished goods$297.0M$297.0M$301.0M$327.0M
Raw materials$201.0M$175.0M$175.0M$208.0M
Prepaid expenses and other current assets$83.0M$96.0M$72.0M$156.0M
Total current assets$1.4B$1.4B$1.4B$1.5B
Property, plant and equipment$1.4B$1.4B$1.5B$1.5B
Goodwill and intangible assets$858.0M$870.0M$880.0M$937.0M
Right-of-use assets$58.0M$59.0M$60.0M$65.0M
Other assets$133.0M$136.0M$135.0M$153.0M
Total assets$3.8B$3.9B$3.9B$4.1B
Accounts payable$361.0M$369.0M$326.0M$393.0M
Accrued employee costs$86.0M$81.0M$80.0M—
Other current liabilities$122.0M$155.0M$150.0M—
Total current liabilities$569.0M$605.0M$556.0M$584.0M
Long-term debt$1.9B$1.9B$1.9B$2.0B
Deferred income taxes$50.0M$52.0M$48.0M$73.0M
Operating lease liabilities$42.0M$43.0M$44.0M$48.0M
Other long-term liabilities$255.0M$258.0M$276.0M$285.0M
Total liabilities$2.8B$2.9B$2.9B$3.0B
Common stock (35.8 and 35.6 million shares issued, respectively)1.0M1.0M1.0M—
Additional paid-in capital$1.4B$1.4B$1.4B$1.4B
Retained loss($231.0M)($211.0M)($193.0M)($119.0M)
Accumulated other comprehensive loss($183.0M)($177.0M)($192.0M)($164.0M)
Total equity$1.0B$1.0B$1.0B$1.1B
Total liabilities and equity$3.8B$3.9B$3.9B$4.1B

Cash flow statement

Magnera Corp cash flow statement, fiscal years
Line itemSep 27, 2025 · FYDec 31, 2023 · FYDec 31, 2022 · FYDec 31, 2021 · FY
Net income (loss)($159.0M)($79.1M)($194.2M)$6.9M
Depreciation$156.0M———
Amortization of intangibles$50.0M———
Non-cash interest expense$17.0M$5.3M$1.9M$865.0K
Goodwill and other impairment$0$0$190.6M$0
Share-based compensation expense$19.0M$2.8M$831.0K$5.1M
Deferred income tax($27.0M)($12.2M)($24.0M)($13.6M)
Other non-cash operating activities, net$55.0M———
Accounts receivable$0$21.6M($35.3M)($14.8M)
Inventories$31.0M$9.6M($44.4M)($40.0M)
Prepaid expenses and other assets($22.0M)$165.0K($3.2M)$5.8M
Accounts payable and other liabilities($17.0M)———
Net cash from operating activities$103.0M—($40.8M)$71.0M
Additions to property, plant and equipment($67.0M)($33.8M)($37.7M)($30.0M)
Cash acquired from GLT acquisition$37.0M———
Settlement of net investment hedges$22.0M———
Proceeds from sale of assets$0———
Other investing activities and other$0$844.0K$30.0K($440.0K)
Net cash used in investing activities($8.0M)($37.1M)($33.1M)($489.8M)
Proceeds from long-term borrowings$1.6B———
Repayments on long-term borrowings($484.0M)($228.4M)($35.3M)($26.1M)
Transfers from (to) Berry, net$34.0M———
Cash distribution to Berry($1.1B)———
Debt fees and other, net($16.0M)———
Net cash used in financing activities($21.0M)($949.0K)$46.9M$462.4M
Effect of currency translation on cash$1.0M$1.0M($2.3M)($5.4M)
Net change in cash and cash equivalents$75.0M($62.6M)($29.3M)$38.1M
Cash and cash equivalents at beginning of period$230.0M———
Cash and cash equivalents at the end of period$305.0M$50.3M$110.7M$138.4M
Magnera Corp cash flow statement, quarters
Line itemJun 27, 2026 · YTDMar 28, 2026 · YTDDec 27, 2025 · Q1Jun 28, 2025 · YTD
Net loss($72.0M)($52.0M)($34.0M)($119.0M)
Depreciation$116.0M$77.0M$38.0M$128.0M
Amortization of intangibles$34.0M$23.0M$11.0M$41.0M
Non-cash interest expense$18.0M$13.0M$7.0M$12.0M
Deferred income tax($2.0M)$0$1.0M$7.0M
Share-based compensation expense$13.0M$9.0M$5.0M$15.0M
Loss on disposition of facility$7.0M———
Other non-cash operating activities, net$11.0M$9.0M$9.0M$45.0M
Changes in working capital, net($34.0M)$20.0M($31.0M)($119.0M)
Changes in other assets and liabilities($15.0M)($10.0M)($4.0M)($3.0M)
Net cash from operating activities$76.0M$89.0M$2.0M$7.0M
Additions to property, plant and equipment($44.0M)($29.0M)($15.0M)($52.0M)
Proceeds from divestiture$7.0M———
Cash acquired from merger$0$0$0$37.0M
Settlement of net investment hedges$0$0—$22.0M
Net cash (used in) from investing activities($37.0M)($29.0M)($15.0M)$7.0M
Proceeds from long-term borrowings$0$0$0$1.6B
Repayments on long-term borrowings($65.0M)($63.0M)($27.0M)($434.0M)
Transfers from parent, net$0$0$0—
Cash distributions to parent$0$0$0($1.1B)
Debt fees and other, net$0$0$0($17.0M)
Net cash (used in) from financing activities($65.0M)($63.0M)($27.0M)$28.0M
Effect of currency translation on cash$1.0M$1.0M($1.0M)$4.0M
Net change in cash and cash equivalents($25.0M)($2.0M)($41.0M)$46.0M
Cash and cash equivalents at beginning of period$305.0M$305.0M$305.0M$230.0M
Cash and cash equivalents at the end of period$280.0M$303.0M$264.0M$276.0M

Magnera Corp score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.