Company: ACCO
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024931
Chunk: 48

Company: ACCO BRANDS Corp
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 48
---
    (526.3
    )

    Accumulated deficit

    (687.6
    )

    (556.0
    )

    Total stockholders' equity

    606.1

    787.0

    Total liabilities and stockholders' equity
     
    $
    2,228.4

    $
    2,644.8

See notes to consolidated financial statements.

46

ACCO Brands Corporation and Subsidiaries

Consolidated Statements of Loss

    Year Ended December 31,

    (in millions, except per share data)
     
    2024

    2023

    2022

    Net sales
     
    $
    1,666.2

    $
    1,832.8

    $
    1,947.6

    Cost of products sold

    1,110.8

    1,234.5

    1,395.3

    Gross profit

    555.4

    598.3

    552.3

    Operating costs and expenses:

    Selling, general and administrative expenses

    365.7

    393.5

    376.7

    Amortization of intangibles

    44.7

    43.4

    41.5

    Restructuring

    16.8

    27.2

    9.6

    Impairment of goodwill and intangible assets

    165.2

    89.5

    98.7

    Change in fair value of contingent consideration

    —

    —

    (9.0
    )

    Total operating costs and expenses

    592.4

    553.6

    517.5

    Operating (loss) income

    (37.0
    )

    44.7

    34.8

    Non-operating expense (income):

    Interest expense

    52.6

    58.6

    45.6

    Interest income

    (7.5
    )

    (7.1
    )

    (8.3
    )

    Non-operating pension expense (income)

    6.1

    1.8

    (4.5
    )

    Other (income) expense, net

    (0.9