Company: ACCO
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024931
Chunk: 157

Company: ACCO BRANDS Corp
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1B
Chunk 157
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    —

    —

    Common stock, $0.01 par value, 200,000,000 shares authorized; 98,131,339 and 99,819,679 shares issued and 92,881,008 and 94,925,652 outstanding, respectively

    1.0

    1.0

    Treasury stock, 5,250,331 and 4,894,027 shares, respectively

    (47.0
    )

    (45.1
    )

    Paid-in capital

    1,911.8

    1,913.4

    Accumulated other comprehensive loss

    (572.1
    )

    (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
    )