Veritiv (Veritiv) Cash And Cash Equivalents : $40 Mil (As of Sep. 2023)

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What is Veritiv Cash And Cash Equivalents?

Veritiv's quarterly cash and cash equivalents increased from Mar. 2023 ($33.00 Mil) to Jun. 2023 ($43.90 Mil) but then stayed the same from Jun. 2023 ($43.90 Mil) to Sep. 2023 ($40.20 Mil).

Veritiv's annual cash and cash equivalents declined from Dec. 2020 ($120.60 Mil) to Dec. 2021 ($49.30 Mil) and declined from Dec. 2021 ($49.30 Mil) to Dec. 2022 ($40.60 Mil).

Veritiv Cash And Cash Equivalents Historical Data

The historical data trend for Veritiv's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Veritiv Cash And Cash Equivalents Chart

Veritiv Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash And Cash Equivalents

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64.30

38.00

120.60

49.30

40.60

Veritiv Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash And Cash Equivalents	Get a 7-Day Free Trial															33.80	40.60	33.00	43.90	40.20

Veritiv Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Veritiv (NYSE:VRTV) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Veritiv Cash And Cash Equivalents Related Terms

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Veritiv (Veritiv) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Veritiv Corp (NYSE:VRTV) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

1000 Abernathy Road NE, Building 400, Suite 1700, Atlanta, GA, USA, 30328

Website

https://www.veritivcorp.com

Veritiv Corp provides printing, publishing, packaging, and facility solutions. The company also provides logistics and supply chain management services. It operates in four primary segments based on the product type. The Print segment, which generates the majority of the revenue, distributes commercial printing and specialty paper products. The Publishing segment sells coated and uncoated commercial printing papers to publishers and retailers for use in magazines, books, and direct mail. The Packaging segment sells a variety of paper-based packaging products within the fiber-based, flexible and rigid categories. The Facility Solutions segment sells cleaning, breakroom, bathroom, safety, and hazard supplies. The majority of revenue comes from the United States.

Executives

Baupost Group Llc/ma	10 percent owner	10 ST JAMES AVE, SUITE 1700, BOSTON MA 02116
Seth A Klarman	10 percent owner	10 ST JAMES AVENUE, STE 1700, BOSTON MA 02116
Baupost Group Gp, L.l.c.	10 percent owner	10 ST. JAMES AVENUE, SUITE 1700, BOSTON MA 02116
Eric Guerin	officer: SVP Finance	1950 HASSELL ROAD, HOFFMAN ESTATES IL 60169
Autumn R Bayles	director	QNB CORP, P.O. BOX 9005, QUAKERTOWN PA 18951
Stephen E. Macadam	director	C/O ENPRO INDUSTRIES, INC., 5605 CARNEGIE BLVD., STE. 500, CHARLOTTE NC 28209
Lance D Gebert	officer: Corporate Controller and PFO	1000 ABERNATHY ROAD, SUITE 1700, BUILDING 400, ATLANTA GA 30328
Stephen Joseph Smith	officer: SVP & CFO	C/O AMERICAN GREETINGS CORP, ONE AMERICAN RD, CLEVELAND OH 44144
Gregory B Morrison	director	8214 WESTCHESTER DRIVE, SUITE 400, DALLAS TX 75225
Susan B. Salyer	officer: SVP Chief Compliance, and Sustainability Officer	1000 ABERNATHY ROAD, SUITE 1700, BUILDING 400, ATLANTA GA 30328
Bain Capital Investors Llc	10 percent owner	200 CLARENDON STREET, BOSTON MA 02116
Karen Renner	officer: SVP Chief Information Officer	3871 LAKEFIELD DR, SUWANEE GA 30024
Daniel B Calderwood	officer: SVP Marketing & Bus. Mgmt	1000 ABERNATHY ROAD, SUITE 1700, BUILDING 400, ATLANTA GA 30028
Stephanie E Mayerle	officer: SVP Sales	1000 ABERNATHY ROAD, SUITE 1700, BUILDING 400, ATLANTA GA 30028
Mary A Laschinger	director, officer: CEO and Chairman	400 ATLANTIC STREET, STAMFORD CT 06921