Schnitzer Steel Industries, Inc. (SCHN) Financial Statements (2024 and earlier)
Company Profile
Business Address |
299 SW CLAY ST. PORTLAND, OR 97201 |
State of Incorp. | OR |
Fiscal Year End | August 31 |
Industry (SIC) | 509 - Miscellaneous Durable Goods (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
8/31/2023 Q4 | 5/31/2023 Q3 | 2/28/2023 Q2 | 11/30/2022 Q1 | 8/31/2022 Q4 | 5/31/2022 Q3 | 2/28/2022 Q2 | |||
---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 5,511 | 11,459 | 3,539 | 43,803 | 16,125 | 17,823 | |||
Cash and cash equivalents | 4,511 | 11,459 | 3,539 | 43,803 | 16,125 | 17,823 | |||
Short-term investments | 1,000 | ||||||||
Receivables | 298,298 | 240,219 | 213,642 | 231,696 | 279,285 | 277,193 | |||
Inventory, net of allowances, customer advances and progress billings | 298,979 | 286,733 | 345,198 | 315,189 | 439,704 | 323,931 | |||
Inventory | 298,979 | 286,733 | 345,198 | 315,189 | 439,704 | 323,931 | |||
Other undisclosed current assets | 56,587 | 55,079 | 72,185 | 80,698 | 52,811 | 40,358 | |||
Total current assets: | 659,375 | 593,490 | 634,564 | 671,386 | 787,925 | 659,305 | |||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | 118,399 | 112,600 | 117,806 | 122,413 | 127,311 | 126,155 | |||
Property, plant and equipment | 697,396 | 689,374 | 682,738 | 664,120 | 629,104 | 597,262 | |||
Long-term investments and receivables | 10,120 | 11,681 | 11,246 | 12,841 | 13,461 | 13,009 | |||
Long-term investments | 10,120 | 11,681 | 11,246 | 12,841 | 13,461 | 13,009 | |||
Intangible assets, net (including goodwill) | 302,650 | 304,067 | 305,789 | 281,353 | 280,710 | 255,757 | |||
Goodwill | 268,595 | 268,497 | 270,349 | 255,198 | 254,511 | 232,537 | |||
Intangible assets, net (excluding goodwill) | 34,055 | 35,570 | 35,440 | 26,155 | 26,199 | 23,220 | |||
Deferred income tax assets | 22,695 | 22,254 | 23,105 | 24,598 | 24,988 | 25,982 | |||
Other noncurrent assets | 55,793 | 47,629 | 47,371 | 49,886 | 48,942 | 46,859 | |||
Total noncurrent assets: | 1,207,053 | 1,187,605 | 1,188,055 | 1,155,211 | 1,124,516 | 1,065,024 | |||
TOTAL ASSETS: | 1,866,428 | 1,781,095 | 1,822,619 | 1,826,597 | 1,912,441 | 1,724,329 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 303,554 | 285,592 | 270,171 | 404,399 | 341,535 | 286,864 | |||
Taxes payable | ✕ | ✕ | ✕ | ✕ | 3,856 | 10,140 | 2,436 | ||
Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 59,702 | 56,681 | 33,693 | ||
Accounts payable | 209,795 | 212,598 | 185,170 | 217,689 | 223,816 | 191,418 | |||
Accrued liabilities | 93,759 | 72,994 | 85,001 | 123,152 | 50,898 | 59,317 | |||
Debt | 6,724 | 6,527 | 6,379 | 6,041 | 5,764 | 7,451 | |||
Accrued environmental loss contingencies | 11,521 | 8,495 | 10,919 | 13,031 | 11,600 | 12,987 | |||
Other undisclosed current liabilities | 20,357 | 20,601 | 21,538 | (41,898) | 21,964 | 21,869 | |||
Total current liabilities: | 342,156 | 321,215 | 309,007 | 381,573 | 380,863 | 329,171 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation, including: | 344,084 | 303,552 | 351,200 | 242,521 | 316,108 | 254,126 | |||
Finance lease, liability | 4,158 | ||||||||
Other undisclosed long-term debt and lease obligation | 344,084 | 303,552 | 351,200 | 136,712 | 209,363 | 147,323 | |||
Liabilities, other than long-term debt | 240,596 | 227,890 | 233,908 | 143,378 | 140,855 | 129,580 | |||
Deferred compensation liability, classified | 1,000 | ||||||||
Deferred income tax liabilities | 61,761 | 55,968 | 57,028 | 63,328 | 62,133 | 53,291 | |||
Accrued environmental loss contingencies | 54,340 | 54,980 | 55,066 | 55,469 | 54,950 | 54,844 | |||
Other liabilities | 26,320 | 23,868 | 24,278 | 23,581 | 23,772 | 21,445 | |||
Operating lease, liability | 98,175 | 93,074 | 97,536 | 101,651 | 106,745 | 106,803 | |||
Other undisclosed noncurrent liabilities | 100,651 | 106,745 | 106,803 | ||||||
Total noncurrent liabilities: | 584,680 | 531,442 | 585,108 | 486,550 | 563,708 | 490,509 | |||
Total liabilities: | 926,836 | 852,657 | 894,115 | 868,123 | 944,571 | 819,680 | |||
Equity | |||||||||
Equity, attributable to parent, including: | 936,012 | 924,947 | 924,739 | 953,979 | 963,688 | 900,792 | |||
Additional paid in capital | 23,287 | 20,831 | 18,582 | 22,975 | 34,426 | 40,821 | |||
Accumulated other comprehensive loss | (40,185) | (40,605) | (39,302) | (37,089) | (34,245) | (34,438) | |||
Retained earnings | 925,399 | 917,266 | 918,094 | 941,146 | 936,060 | 866,776 | |||
Other undisclosed equity, attributable to parent | 27,511 | 27,455 | 27,365 | 26,947 | 27,447 | 27,633 | |||
Equity, attributable to noncontrolling interest | 3,580 | 3,491 | 3,765 | 4,495 | 4,182 | 3,857 | |||
Total equity: | 939,592 | 928,438 | 928,504 | 958,474 | 967,870 | 904,649 | |||
TOTAL LIABILITIES AND EQUITY: | 1,866,428 | 1,781,095 | 1,822,619 | 1,826,597 | 1,912,441 | 1,724,329 |
Income Statement (P&L) ($ in thousands)Annual | Quarterly
8/31/2023 Q4 | 5/31/2023 Q3 | 2/28/2023 Q2 | 11/30/2022 Q1 | 8/31/2022 Q4 | 5/31/2022 Q3 | 2/28/2022 Q2 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 809,610 | 755,953 | 598,730 | 894,412 | 1,010,087 | 783,198 | ||
Cost of revenue (Cost of Goods and Services Sold) | (713,685) | (682,937) | (550,011) | (809,587) | (834,375) | (670,539) | ||
Gross profit: | 95,925 | 73,016 | 48,719 | 84,825 | 175,712 | 112,659 | ||
Operating expenses | (68,527) | (63,957) | (64,228) | (69,237) | (77,672) | (61,081) | ||
Other undisclosed operating income (loss) | 116 | (517) | (802) | 488 | (196) | 587 | ||
Operating income (loss): | 27,514 | 8,542 | (16,311) | 16,076 | 97,844 | 52,165 | ||
Nonoperating expense (Other Nonoperating expense) | (1,306) | (99) | (3,884) | (556) | (34) | (55) | ||
Interest and debt expense | (5,146) | (4,908) | (3,324) | (3,042) | (2,223) | (1,901) | ||
Income (loss) from continuing operations before income taxes: | 21,062 | 3,535 | (23,519) | 12,478 | 95,587 | 50,209 | ||
Income tax expense (benefit) | (7,221) | 513 | 6,032 | (1,390) | (20,037) | (12,073) | ||
Income (loss) from continuing operations: | 13,841 | 4,048 | (17,487) | 11,088 | 75,550 | 38,136 | ||
Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 11,051 | 75,504 | 38,165 | |
Income (loss) from discontinued operations | (233) | 224 | (69) | (37) | (46) | 29 | ||
Net income (loss): | 13,608 | 4,272 | (17,556) | 11,051 | 75,504 | 38,165 | ||
Net income (loss) attributable to noncontrolling interest | (148) | 81 | (232) | (699) | (870) | (550) | ||
Net income (loss) available to common stockholders, diluted: | 13,460 | 4,353 | (17,788) | 10,352 | 74,634 | 37,615 |
Comprehensive Income ($ in thousands)Annual | Quarterly
8/31/2023 Q4 | 5/31/2023 Q3 | 2/28/2023 Q2 | 11/30/2022 Q1 | 8/31/2022 Q4 | 5/31/2022 Q3 | 2/28/2022 Q2 | ||
---|---|---|---|---|---|---|---|---|
Net income (loss): | 13,608 | 4,272 | (17,556) | 11,051 | 75,504 | 38,165 | ||
Other comprehensive income (loss) | 420 | (1,303) | (2,213) | (2,844) | 193 | 841 | ||
Comprehensive income (loss): | 14,028 | 2,969 | (19,769) | 8,207 | 75,697 | 39,006 | ||
Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (148) | 81 | (232) | (699) | (870) | (550) | ||
Comprehensive income (loss), net of tax, attributable to parent: | 13,880 | 3,050 | (20,001) | 7,508 | 74,827 | 38,456 |
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.