Resolute Forest Products Inc. (RFP) financial statements (2021 and earlier)

Company profile

Business Address 111 ROBERT-BOURASSA BLVD
MONTREAL, QC H3C 2MI
State of Incorp. DE
Fiscal Year End December 31
SIC 2621 - Paper Mills (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments113202711636998
Cash and cash equivalents113202711636998
Restricted cash and investments4      
Receivables278319304371349377400
Inventory, net of allowances, customer advances and progress billings462511506560522522530
Inventory462511506560522522530
Other undisclosed current assets43584537334042
Total current assets:9009088821,0849071,0081,070
Noncurrent Assets
Operating lease, right-of-use asset60565961616363
Property, plant and equipment1,4411,5031,5241,5831,4591,4771,479
Intangible assets, net (including goodwill)94969747484950
Goodwill313131    
Intangible assets, net (excluding goodwill)63656647484950
Restricted cash and investments    39  
Deferred income tax assets915825837816 846869
Other noncurrent assets320290268268236228221
Other undisclosed noncurrent assets    876  
Total noncurrent assets:2,8302,7702,7852,7752,7192,6632,682
TOTAL ASSETS:3,7303,6783,6673,8593,6263,6713,752
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:369339300328342396376
Accounts payable251249226249255269270
Accrued liabilities19111012121212
Employee-related liabilities14141414151717
Taxes payable5544434
Interest and dividends payable4949393
Other undisclosed accounts payable and accrued liabilities76514240538670
Debt2222111
Other undisclosed current liabilities9888888
Total current liabilities:380349310338351405385
Noncurrent Liabilities
Long-term debt and lease obligation, including:559559628819448423422
Long-term debt, excluding current maturities  6926071  
Operating lease, liability55515354575859
Other undisclosed long-term debt and lease obligation504508506505320365363
Liabilities, other than long-term debt1,6541,4191,4261,4141,5351,2331,286
Liability, pension and other postretirement and postemployment benefits1,5621,3371,3491,3431,4601,1791,231
Other liabilities92827771755455
Other undisclosed noncurrent liabilities55515354575859
Total noncurrent liabilities:2,2682,0292,1072,2872,0401,7141,767
Total liabilities:2,6482,3782,4172,6252,3912,1192,152
Stockholders' equity
Stockholders' equity attributable to parent1,0811,2991,2491,2331,2341,5511,599
Treasury stock, value(174)(163)(145)(144)(144)(132)(125)
Additional paid in capital3,8043,8053,8053,8043,8023,8033,803
Accumulated other comprehensive loss(1,314)(1,160)(1,171)(1,181)(1,179)(946)(948)
Accumulated deficit(1,235)(1,183)(1,240)(1,246)(1,245)(1,174)(1,131)
Stockholders' equity attributable to noncontrolling interest1111111
Total stockholders' equity:1,0821,3001,2501,2341,2351,5521,600
TOTAL LIABILITIES AND EQUITY:3,7303,6783,6673,8593,6263,6713,752

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues769730612689668705755
Cost of revenue
(Cost of Goods and Services Sold)
(44)(43)(40)(42)(56)(42)(42)
Gross profit:725687572647612663713
Operating expenses(103)(35)(23)(32)(53)(29)(36)
Other undisclosed operating loss(618)(555)(543)(623)(628)(652)(637)
Operating income (loss):4976(8)(69)(18)40
Nonoperating income (expense)(28)(14)1028 (17)(1)
Foreign currency transaction gain (loss), before tax (5)(9)23   
Net periodic defined benefits expense (reversal of expense), excluding service cost component   15111212
Other nonoperating income (expense) (9)4    
Interest and debt expense(8)(8)(9)(9)(7)(8)(7)
Income (loss) from continuing operations before equity method investments, income taxes:(32)75711(76)(43)32
Other undisclosed income (loss) from continuing operations before income taxes(24)5415111212
Income (loss) from continuing operations before income taxes:(56)801126(65)(31)44
Income tax expense (benefit)4(23)(5)(27)(6)(12)(19)
Net income (loss) available to common stockholders, diluted:(52)576(1)(71)(43)25

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):(52)576(1)(71)(43)25
Other comprehensive income (loss)(154)1110(2)(233)2(1)
Comprehensive income (loss), net of tax, attributable to parent:(206)6816(3)(304)(41)24

Statements sources

The financial statements are based on the company's filings with the 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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