Mercer International Inc. (MERC) Financial Statements (2024 and earlier)

Company Profile

Business Address 700 WEST PENDER STREET
VANCOUVER, BC V6C 1G8
State of Incorp. WA
Fiscal Year End December 31
Industry (SIC) 2611 - Pulp Mills (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments354346361351240143
Cash and cash equivalents354346361351240143
Restricted cash and investments      317
Receivables352345227209253206
Inventory, net of allowances, customer advances and progress billings450357272273304177
Inventory450357272273304177
Deferred tax assets1 
Other undisclosed current assets22171512129
Total current assets:1,1781,064875845811852
Noncurrent Assets
Operating lease, right-of-use asset15101313
Property, plant and equipment1,3411,1361,1101,0741,029845
Long-term investments and receivables4650465363 
Long-term investments4650465363 
Intangible assets, net (including goodwill)9248525354 
Goodwill31     
Intangible assets, net (excluding goodwill)6148525354 
Deferred income tax assets  111
Other noncurrent assets483932261826
Other undisclosed noncurrent assets44  11
Total noncurrent assets:1,5471,2871,2541,2211,165872
TOTAL ASSETS:2,7252,3512,1292,0661,9761,725
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:377282211256194134
Interest and dividends payable273333  
Taxes payable56232830 
Employee-related liabilities22  11
Accounts payable986456834548
Accrued liabilities9676981129668
Other undisclosed accounts payable and accrued liabilities18337  2317
Debt      296
Other undisclosed current liabilities111111
Total current liabilities:378283212256195430
Noncurrent Liabilities
Long-term debt and lease obligation1,3901,3001,1971,1301,066683
Long-term debt, excluding current maturities1,3471,2381,1451,0881,041663
Capital lease obligations2520
Finance lease, liability 44564131
Liabilities, other than long-term debt1621301201297354
Asset retirement obligations     95
Deferred income tax liabilities126957790
Liability, pension and other postretirement and postemployment benefits122132252621
Other liabilities141411143927
Operating lease, liability971011
Other undisclosed noncurrent liabilities (44)(56)  607
Total noncurrent liabilities:1,5081,3741,3161,2591,199744
Total liabilities:1,8861,6571,5281,5151,3941,174
Equity
Equity, attributable to parent839694601550581551
Common stock666666666565
Additional paid in capital354348346345342339
Accumulated other comprehensive loss(180)(91)(28)(117)(128)(59)
Retained earnings598371217256302206
Total equity:839694601550581551
TOTAL LIABILITIES AND EQUITY:2,7252,3512,1292,0661,9761,725

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues2,2811,8031,4231,6241,4581,169
Cost of revenue
(Cost of Goods and Services Sold)
(1,783)(1,378)(1,293)(1,466)(96)(85)
Gross profit:4984261311581,3611,084
Operating expenses(106)(79)(67)(74)(61)(50)
Other undisclosed operating loss     (1,032)(868)
Operating income (loss):3923476484268167
Nonoperating expense(47)(86)(75)(74)(91)(63)
Other nonoperating income (expense)241466(5)2
Interest and debt expense(1)(2)(1)(1)(22)(11)
Other undisclosed income from continuing operations before equity method investments, income taxes   112211
Income (loss) from continuing operations before equity method investments, income taxes:344259(11)10177104
Other undisclosed income from continuing operations before income taxes12    
Income (loss) from continuing operations before income taxes:345261(11)10177104
Income tax expense (benefit)(98)(90)(6)(19)(49)(33)
Income (loss) from continuing operations:247171(17)(10)12970
Income (loss) before gain (loss) on sale of properties:171(17)(10)12970
Net income (loss) available to common stockholders, diluted:247171(17)(10)12970

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):247171(17)(10)12970
Other comprehensive income (loss)8(15)21(69)126
Comprehensive income (loss):255156(15)(9)59197
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(98)(48)8711  
Comprehensive income (loss), net of tax, attributable to parent:15810872259197

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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