Resolute Forest Products Inc. (RFP) Financial Statements (2024 and earlier)

Company Profile

Business Address 1010 DE LA GAUCHETIERE STREET WEST
MONTREAL, QC H3B 2N2
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 2621 - Paper Mills (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2022
MRQ
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 1121133304635
Cash and cash equivalents 1121133304635
Restricted cash and investments  4    
Receivables 313278349449479441
Inventory, net of allowances, customer advances and progress billings 510462522508526570
Inventory 510462522508526570
Other undisclosed current assets 544333433335
Total current assets: 9899009071,3041,0441,081
Noncurrent Assets
Operating lease, right-of-use asset 546061
Property, plant and equipment 1,2701,4411,4591,5151,7161,842
Intangible assets, net (including goodwill) 88944850146151
Goodwill 3131  8181
Intangible assets, net (excluding goodwill) 576348506570
Restricted cash and investments   39   
Deferred income tax assets 653915 
Other noncurrent assets 484320236190165164
Other undisclosed noncurrent assets   8768761,0761,039
Total noncurrent assets: 2,5492,8302,7192,6313,1033,196
TOTAL ASSETS: 3,5383,7303,6263,9354,1474,277
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 311369342427420466
Interest and dividends payable643555
Taxes payable4544107
Employee-related liabilities141415171851
Accounts payable 262251255299306346
Accrued liabilities 251912172422
Other undisclosed accounts payable and accrued liabilities  7653855735
Debt 22122311
Other undisclosed current liabilities 11898   
Total current liabilities: 431380351650421467
Noncurrent Liabilities
Long-term debt and lease obligation, including: 300559448422788761
Long-term debt, excluding current maturities   71 144125
Other undisclosed long-term debt and lease obligation 249504320422644636
Liabilities, other than long-term debt 1,2391,6541,5351,3281,3381,338
Deferred tax liabilities, net 132
Liability, pension and other postretirement and postemployment benefits 1,1511,5621,4601,2571,2571,281
Other liabilities 889275716855
Operating lease, liability 515557
Other undisclosed noncurrent liabilities 515557   
Total noncurrent liabilities: 1,5902,2682,0401,7502,1262,099
Total liabilities: 2,0212,6482,3912,4002,5472,566
Equity
Equity, attributable to parent 1,5141,0811,2341,5341,5991,693
Treasury stock, value (222)(174)(144)(120)(120)(120)
Additional paid in capital 3,8073,8043,8023,8023,7933,775
Accumulated other comprehensive loss (1,062)(1,314)(1,179)(950)(780)(755)
Accumulated deficit (1,009)(1,235)(1,245)(1,198)(1,294)(1,207)
Equity, attributable to noncontrolling interest 3111118
Total equity: 1,5171,0821,2351,5351,6001,711
TOTAL LIABILITIES AND EQUITY: 3,5383,7303,6263,9354,1474,277

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

9/30/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 3,6642,8002,9233,7563,5133,545
Revenue, net3,5133,545
Cost of revenue
(Cost of Goods and Services Sold)
 (164)(169)(180)(475)(646)(646)
Gross profit: 3,5002,6312,7433,2812,8672,899
Operating expenses (302)(178)(155)(141)(244)(209)
Other undisclosed operating loss (2,614)(2,354)(2,571)(2,761)(2,574)(2,716)
Operating income (loss): 584991737949(26)
Nonoperating income (expense) (59)(4)(22)567
Investment income, nonoperating      5
Gain (loss), foreign currency transaction, before tax     9(7)
Net periodic defined benefits expense (reversal of expense), excluding service cost component 11 4750
Other nonoperating income (expense) (70)(4)  (3)9
Interest and debt expense (21)(34)(31)(47)(49)(38)
Income (loss) from continuing operations before equity method investments, income taxes: 50461(36)3376(57)
Other undisclosed income from continuing operations before income taxes   4750  
Income (loss) from continuing operations before income taxes: 50461113876(57)
Income tax expense (195)(51)(58)(152)(84)(19)
Income (loss) from continuing operations: 30910(47)235(78)(76)
Income (loss) before gain (loss) on sale of properties:30910(47)235(78)(76)
Net income (loss): 30910(47)235(78)(76)
Net loss attributable to noncontrolling interest (2)   (6)(5)
Net income (loss) available to common stockholders, diluted: 30710(47)235(84)(81)

Comprehensive Income ($ in millions)

9/30/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss): 30910(47)235(78)(76)
Other comprehensive income (loss) 252(135)(229)(168)(25)(168)
Comprehensive income (loss): 561(125)(276)67(103)(244)
Comprehensive loss, net of tax, attributable to noncontrolling interest (2)   (6)(5)
Comprehensive income (loss), net of tax, attributable to parent: 559(125)(276)67(109)(249)

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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