Mercer International Inc. (MERC) Financial Statements (2023 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)Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 346 | 361 | 351 | 240 | 143 | 137 | 100 | ||
| Cash and cash equivalents | 346 | 361 | 351 | 240 | 143 | 137 | 100 | ||
| Restricted cash and investments | 317 | ||||||||
| Receivables | 345 | 227 | 209 | 253 | 206 | 124 | 134 | ||
| Inventory, net of allowances, customer advances and progress billings | 357 | 272 | 273 | 304 | 177 | 133 | 141 | ||
| Inventory | 357 | 272 | 273 | 304 | 177 | 133 | 141 | ||
| Deferred tax assets | ✕ | ✕ | ✕ | 1 | |||||
| Other undisclosed current assets | 17 | 15 | 12 | 12 | 9 | 8 | 14 | ||
| Total current assets: | 1,064 | 875 | 845 | 811 | 852 | 402 | 389 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 10 | 13 | 13 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 1,136 | 1,110 | 1,074 | 1,029 | 845 | 738 | 762 | ||
| Long-term investments and receivables | 50 | 46 | 53 | 63 | |||||
| Long-term investments | 50 | 46 | 53 | 63 | |||||
| Intangible assets, net (including goodwill) | 48 | 52 | 53 | 54 | |||||
| Intangible assets, net (excluding goodwill) | 48 | 52 | 53 | 54 | |||||
| Deferred income tax assets | 1 | 1 | 1 | ✕ | ✕ | ✕ | ✕ | ||
| Other noncurrent assets | 39 | 32 | 26 | 18 | 26 | 8 | 8 | ||
| Other undisclosed noncurrent assets | 4 | 1 | 1 | 11 | 23 | ||||
| Total noncurrent assets: | 1,287 | 1,254 | 1,221 | 1,165 | 872 | 757 | 794 | ||
| TOTAL ASSETS: | 2,351 | 2,129 | 2,066 | 1,976 | 1,725 | 1,159 | 1,183 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 282 | 211 | 256 | 194 | 134 | 92 | 96 | ||
| Accounts payable | 64 | 56 | 83 | 45 | 48 | 38 | 30 | ||
| Accrued liabilities | 76 | 98 | 112 | 96 | 68 | 40 | 56 | ||
| Employee-related liabilities | 22 | 1 | 1 | 1 | 1 | ||||
| Taxes payable | 56 | 23 | 28 | 30 | |||||
| Interest and dividends payable | 27 | 33 | 33 | 7 | |||||
| Other undisclosed accounts payable and accrued liabilities | 37 | 23 | 17 | 13 | 2 | ||||
| Debt | 296 | 2 | |||||||
| Other undisclosed current liabilities | 1 | 1 | 1 | 1 | 1 | 1 | 6 | ||
| Total current liabilities: | 283 | 212 | 256 | 195 | 430 | 93 | 104 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,300 | 1,197 | 1,130 | 1,066 | 683 | 618 | 638 | ||
| Long-term debt, excluding current maturities | 1,238 | 1,145 | 1,088 | 1,041 | 663 | 618 | 638 | ||
| Finance lease, liability | 56 | 41 | 31 | ✕ | ✕ | ✕ | ✕ | ||
| Capital lease obligations | ✕ | ✕ | ✕ | 25 | 20 | ||||
| Operating lease, liability | 7 | 10 | 11 | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 130 | 120 | 129 | 73 | 54 | 69 | 57 | ||
| Asset retirement obligations | 9 | 5 | |||||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 17 | 13 | ||||
| Deferred income tax liabilities | 95 | 77 | 90 | ✕ | ✕ | ✕ | ✕ | ||
| Liability, pension and other postretirement and postemployment benefits | 21 | 32 | 25 | 26 | 21 | 25 | 25 | ||
| Other liabilities | 14 | 11 | 14 | 39 | 27 | 26 | 12 | ||
| Derivative instruments and hedges, liabilities | 7 | ||||||||
| Other undisclosed noncurrent liabilities | (56) | 60 | 7 | ||||||
| Total noncurrent liabilities: | 1,374 | 1,316 | 1,259 | 1,199 | 744 | 686 | 695 | ||
| Total liabilities: | 1,657 | 1,528 | 1,515 | 1,394 | 1,174 | 780 | 800 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 694 | 601 | 550 | 581 | 551 | 379 | 383 | ||
| Common stock | 66 | 66 | 66 | 65 | 65 | 65 | 64 | ||
| Additional paid in capital | 348 | 346 | 345 | 342 | 339 | 334 | 329 | ||
| Accumulated other comprehensive loss | (91) | (28) | (117) | (128) | (59) | (185) | (172) | ||
| Retained earnings | 371 | 217 | 256 | 302 | 206 | 166 | 161 | ||
| Total stockholders' equity: | 694 | 601 | 550 | 581 | 551 | 379 | 383 | ||
| TOTAL LIABILITIES AND EQUITY: | 2,351 | 2,129 | 2,066 | 1,976 | 1,725 | 1,159 | 1,183 | ||
Income Statement (P&L) ($ in millions) Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,803 | 1,423 | 1,624 | 1,458 | 1,169 | 932 | 1,033 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 847 | 946 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (1,378) | (1,293) | (1,466) | (96) | (85) | (71) | (68) | |
| Gross profit: | 426 | 131 | 158 | 1,361 | 1,084 | 860 | 965 | |
| Operating expenses | (79) | (67) | (74) | (61) | (50) | (45) | (46) | |
| Other undisclosed operating loss | (1,032) | (868) | (702) | (754) | ||||
| Operating income: | 347 | 64 | 84 | 268 | 167 | 114 | 166 | |
| Nonoperating expense | (86) | (75) | (74) | (91) | (63) | (54) | (61) | |
| Other nonoperating income (expense) | 14 | 6 | 6 | (5) | 2 | (1) | (1) | |
| Interest and debt expense | (2) | (1) | (1) | (22) | (11) | (52) | (54) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 1 | 1 | 22 | 11 | 52 | 54 | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 259 | (11) | 10 | 177 | 104 | 59 | 105 | |
| Other undisclosed income from continuing operations before income taxes | 2 | |||||||
| Income (loss) from continuing operations before income taxes: | 261 | (11) | 10 | 177 | 104 | 59 | 105 | |
| Income tax expense | (90) | (6) | (19) | (49) | (33) | (25) | (29) | |
| Net income (loss) available to common stockholders, diluted: | 171 | (17) | (10) | 129 | 70 | 35 | 76 | |
Comprehensive Income ($ in millions)Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 171 | (17) | (10) | 129 | 70 | 35 | 76 | |
| Other comprehensive income (loss) | (15) | 2 | 1 | (69) | 126 | (14) | (119) | |
| Comprehensive income (loss): | 156 | (15) | (9) | 59 | 197 | 21 | (44) | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (48) | 87 | 11 | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | 108 | 72 | 2 | 59 | 197 | 21 | (44) | |
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.