Reliance Inc. (RS) Financial Statements (2025 and earlier)

Company Profile

Business Address 16100 N. 71ST STREET, SUITE 400
SCOTTSDALE, AZ 85254
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 5051 - Metals Service Centers and Offices (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3519351,080977816816
Cash and cash equivalents3519351,080977816816
Receivables1,6611,6861,5081,6671,7301,800
Inventory, net of allowances, customer advances and progress billings2,2892,1672,0432,1102,2021,981
Inventory2,2892,1672,0432,1102,2021,981
Other undisclosed current assets132136140105110114
Total current assets:4,4334,9234,7724,8594,8584,712
Noncurrent Assets
Operating lease, right-of-use asset242231232228223217
Property, plant and equipment2,4382,3092,2482,1892,1162,025
Intangible assets, net (including goodwill)3,2033,1113,0923,0993,1133,114
Goodwill2,1672,1252,1112,1092,1102,106
Intangible assets, net (excluding goodwill)1,0369869819901,0031,008
Deferred costs   51   
Other undisclosed noncurrent assets13313785118131135
Total noncurrent assets:6,0165,7895,7095,6345,5825,491
TOTAL ASSETS:10,44810,71210,48010,49310,44010,203
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities605568529576634659
Accounts payable458450410445500545
Accrued liabilities147118119130135114
Debt00    
Other undisclosed current liabilities278289315303303317
Total current liabilities:884857844879938975
Noncurrent Liabilities
Long-term debt and lease obligation1,1431,1431,1421,1421,1411,140
Long-term debt, excluding current maturities1,1431,1431,1421,1421,1411,140
Liabilities, other than long-term debt788770762737736704
Deferred income tax liabilities502493494476476476
Liability, pension and other postretirement and postemployment benefits2828253031 
Other liabilities717164575962
Operating lease, liability188178179175170166
Other undisclosed noncurrent liabilities      30
Total noncurrent liabilities:1,9321,9121,9041,8791,8771,873
Total liabilities:2,8152,7702,7482,7582,8152,849
Equity
Equity, attributable to parent, including:7,6237,9327,7227,7247,6167,346
Accumulated other comprehensive loss(102)(93)(77)(99)(87)(87)
Retained earnings7,7248,0267,7997,8247,7027,432
Other undisclosed equity, attributable to parent000000
Equity, attributable to noncontrolling interest10101111109
Total equity:7,6337,9437,7337,7357,6267,354
TOTAL LIABILITIES AND EQUITY:10,44810,71210,48010,49310,44010,203

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

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Revenues3,6433,6453,3373,6233,8803,965
Cost of revenue(2,624)(2,570)(2,369)(2,607)(2,718)(2,789)
Cost of goods and services sold(2,557)(2,517)(2,316)(2,546)(2,658)(2,739)
Gross profit:1,0191,0759681,0161,1621,177
Operating expenses(668)(682)(643)(627)(651)(663)
Operating income:352393325390511514
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
81318896
Interest and debt expense(10)(10)(10)(10)(10)(11)
Income from continuing operations before income taxes:350396333388511509
Income tax expense(81)(92)(60)(92)(125)(124)
Net income:268304273296386384
Net loss attributable to noncontrolling interest(1)(1)(1)(1)(1)(1)
Net income available to common stockholders, diluted:268303273295385383

Comprehensive Income ($ in millions)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Net income:268304273296386384
Other comprehensive income (loss)(8)(17)23(13)(0)(0)
Comprehensive income:260287296283386384
Comprehensive loss, net of tax, attributable to noncontrolling interest(1)(1)(1)(1)(1)(1)
Comprehensive income, net of tax, attributable to parent:260286295282385383

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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