Reliance Steel & Aluminum Co. (RS) Financial Statements (2024 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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8168161,173644505548
Cash and cash equivalents8168161,173644505548
Receivables1,7301,8001,6021,9042,0612,079
Inventory, net of allowances, customer advances and progress billings2,2021,9811,9952,1762,3522,010
Inventory2,2021,9811,9952,1762,3522,010
Other undisclosed current assets11011411687106107
Total current assets:4,8584,7124,8874,8115,0244,744
Noncurrent Assets
Operating lease, right-of-use asset223217216218222216
Property, plant and equipment2,1162,0251,9751,9301,8881,852
Intangible assets, net (including goodwill)3,1133,1143,1263,1343,1553,173
Goodwill2,1102,1062,1062,1042,1092,113
Intangible assets, net (excluding goodwill)1,0031,0081,0201,0301,0461,060
Deferred costs   41   
Other undisclosed noncurrent assets13113586109114129
Total noncurrent assets:5,5825,4915,4435,3915,3795,370
TOTAL ASSETS:10,44010,20310,33010,20210,40310,114
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6346595318771,0631,094
Taxes payable141
Employee-related liabilities235223185
Accounts payable500545412482664636
Accrued liabilities135114119160176132
Other undisclosed current liabilities303317844602603104
Total current liabilities:9389751,3751,4791,6661,198
Noncurrent Liabilities
Long-term debt and lease obligation1,1411,1401,1391,3041,3051,802
Long-term debt, excluding current maturities1,1411,1401,1391,1391,1381,643
Liabilities, other than long-term debt736704693489489490
Deferred income tax liabilities476476477481482483
Liability, pension and other postretirement and postemployment benefits31     
Other liabilities596251977
Operating lease, liability170166165165167159
Other undisclosed noncurrent liabilities  3026748085
Total noncurrent liabilities:1,8771,8731,8591,8681,8742,377
Total liabilities:2,8152,8493,2343,3473,5403,576
Equity
Equity, attributable to parent, including:7,6167,3467,0876,8476,8546,531
Accumulated other comprehensive loss(87)(87)(86)(114)(88)(68)
Retained earnings7,7027,4327,1746,9616,9436,600
Other undisclosed equity, attributable to parent000000
Equity, attributable to noncontrolling interest1099997
Total equity:7,6267,3547,0966,8566,8636,539
TOTAL LIABILITIES AND EQUITY:10,44010,20310,33010,20210,40310,114

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues3,8803,9653,6114,2474,6814,486
Cost of revenue(2,718)(2,789)(2,533)(3,069)(3,245)(3,142)
Cost of goods and services sold(2,658)(2,739)(2,481)(3,008)(3,186)(3,099)
Gross profit:1,1621,1771,0781,1791,4361,344
Operating expenses(651)(663)(623)(630)(649)(628)
Operating income:511514455549788716
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
967(9)(9)(3)
Interest and debt expense(10)(11)(16)(16)(16)(16)
Income from continuing operations before income taxes:511509447524763697
Income tax expense(125)(124)(95)(130)(189)(173)
Income from continuing operations:386384351394574525
Income before gain (loss) on sale of properties:394574525
Net income:386384351394574525
Net loss attributable to noncontrolling interest(1)(1)(1)(1)(1)(1)
Net income available to common stockholders, diluted:385383351394573523

Comprehensive Income ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:386384351394574525
Other comprehensive income (loss)(0)(0)28(26)(20)1
Comprehensive income:386384379369554525
Comprehensive loss, net of tax, attributable to noncontrolling interest(1)(1)(1)(1)(1)(1)
Comprehensive income, net of tax, attributable to parent:385383378368553524

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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