Schnitzer Steel Industries, Inc. (SCHN) financial statements (2021 and earlier)

Company profile

Business Address 299 SW CLAY ST.
PORTLAND, OR 97201
State of Incorp. OR
Fiscal Year End August 31
SIC 509 - Miscellaneous Durable Goods (benchmarking)
More info Complete financial analysis Financial benchmarking

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

11/30/2020
Q1
8/31/2020
Q4
5/31/2020
Q3
2/29/2020
Q2
11/30/2019
Q1
8/31/2019
Q4
5/31/2019
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7183081010128
Cash and cash equivalents7183081010128
Receivables174153148161118148168
Inventory, net of allowances, customer advances and progress billings185157162184178187202
Inventory185157162184178187202
Other undisclosed current assets343436323511939
Total current assets:401363653386340466417
Noncurrent Assets
Operating lease, right-of-use asset140141127122124  
Property, plant and equipment495487459454457456437
Long-term investments and receivables11101010101011
Long-term investments11101010101011
Intangible assets, net (including goodwill)174174173173173174173
Goodwill170170169169169169169
Intangible assets, net (excluding goodwill)4544444
Deferred income tax assets2627272828  
Other noncurrent assets30282525262526
Other undisclosed noncurrent assets     2929
Total noncurrent assets:877867821811819694675
TOTAL ASSETS:1,2781,2301,4741,1971,1591,1611,093
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities184195139158132261170
Accounts payable117107689272110100
Accrued liabilities424744454312348
Employee-related liabilities25412721162821
Debt2420202011
Accrued environmental loss contingencies8665666
Other undisclosed current liabilities2018     
Total current liabilities:213224165183157268177
Noncurrent Liabilities
Long-term debt and lease obligation, including:141102427141127104141
Finance lease, liability 6677  
Operating lease, liability124125112106108  
Other undisclosed long-term debt and lease obligation17(29)3082812104141
Liabilities, other than long-term debt110999683816261
Deferred income tax liabilities4238332322  
Accrued environmental loss contingencies47474846464646
Other liabilities21131514131615
Other undisclosed noncurrent liabilities1241251121061082520
Total noncurrent liabilities:376326634330316191222
Total liabilities:589549800512474459399
Stockholders' equity
Stockholders' equity attributable to parent, including:685677671681681697689
Additional paid in capital35373331303433
Accumulated other comprehensive loss(37)(37)(41)(39)(39)(39)(39)
Retained earnings659650651661663675669
Other undisclosed stockholders' equity attributable to parent27272727272727
Stockholders' equity attributable to noncontrolling interest4444445
Total stockholders' equity:689680674685685701694
TOTAL LIABILITIES AND EQUITY:1,2781,2301,4741,1971,1591,1611,093

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

11/30/2020
Q1
8/31/2020
Q4
5/31/2020
Q3
2/29/2020
Q2
11/30/2019
Q1
8/31/2019
Q4
5/31/2019
Q3
Revenues492465403439406548547
Cost of revenue
(Cost of Goods and Services Sold)
(420)(402)(356)(381)(365)(479)(475)
Gross profit:72624659416973
Operating expenses(50)(49)(46)(46)(47)(52)(49)
Other undisclosed operating income (loss)1(2)(5)(5)(2)10
Operating income (loss):2311(4)8(8)1824
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(0)(0)(0)(0)000
Interest and debt expense(2)(3)(3)(1)(1)(2)(2)
Income (loss) from continuing operations before income taxes:217(6)6(9)1622
Income tax expense (benefit)(6)(3)2(2)3(4)(6)
Income (loss) from continuing operations:155(5)5(7)1216
Income (loss) from discontinued operations(0)(0)(0)00(0)0
Net income (loss):155(5)5(7)1216
Net loss attributable to noncontrolling interest(1)(1)(0)(1)(0)(0)(1)
Net income (loss) available to common stockholders, diluted:144(5)4(7)1216

Comprehensive Income ($ in millions)

11/30/2020
Q1
8/31/2020
Q4
5/31/2020
Q3
2/29/2020
Q2
11/30/2019
Q1
8/31/2019
Q4
5/31/2019
Q3
Net income (loss):155(5)5(7)1216
Other comprehensive income (loss)(0)4(2)(1)01(2)
Comprehensive income (loss):159(7)4(6)1315
Comprehensive loss, net of tax, attributable to noncontrolling interest(1)(1)(0)(1)(0)(0)(1)
Comprehensive income (loss), net of tax, attributable to parent:148(7)3(7)1214

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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