Mercer International Inc. (MERC) financial statements (2021 and earlier)

Company profile

Business Address 700 WEST PENDER STREET
VANCOUVER, BC V6C 1G8
State of Incorp. WA
Fiscal Year End December 31
SIC 2611 - Pulp Mills (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments36135124014313710053
Cash and cash equivalents36135124014313710053
Restricted cash and investments   317   
Receivables227209253206124134141
Inventory, net of allowances, customer advances and progress billings272273304177133141147
Inventory272273304177133141147
Deferred tax assets1    
Other undisclosed current assets151212981437
Total current assets:875845811852402389378
Noncurrent Assets
Operating lease, right-of-use asset1313
Property, plant and equipment1,1101,0741,029845738762883
Long-term investments and receivables465363    
Long-term investments465363    
Intangible assets, net (including goodwill)525354   5
Intangible assets, net (excluding goodwill)525354   5
Deferred income tax assets11
Other noncurrent assets3226182688 
Other undisclosed noncurrent assets  11112360
Total noncurrent assets:1,2541,2211,165872757794949
TOTAL ASSETS:2,1292,0661,9761,7251,1591,1831,327
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2112561941349296102
Accounts payable568345483830 
Accrued liabilities981129668405641
Employee-related liabilities  1111 
Taxes payable232830   1
Interest and dividends payable3333   7 
Other undisclosed accounts payable and accrued liabilities  231713259
Debt   296 215
Derivative instruments and hedges, liabilities      15
Other undisclosed current liabilities111116(17)
Total current liabilities:21225619543093104116
Noncurrent Liabilities
Long-term debt and lease obligation1,1971,1301,066683618638684
Long-term debt, excluding current maturities1,1451,0881,041663618638675
Finance lease, liability4131
Capital lease obligations2520  9
Operating lease, liability1011
Liabilities, other than long-term debt1201297354695786
Pension and other postretirement defined benefit plans, liabilities35
Asset retirement obligations  95  5
Deferred tax liabilities, net  171329
Deferred income tax liabilities7790
Liability, pension and other postretirement and postemployment benefits322526212525 
Other liabilities111439272612 
Derivative instruments and hedges, liabilities     718
Other undisclosed noncurrent liabilities  607  2
Total noncurrent liabilities:1,3161,2591,199744686695772
Total liabilities:1,5281,5151,3941,174780800888
Stockholders' equity
Stockholders' equity attributable to parent, including:601550581551379383439
Common stock666665656564386
Additional paid in capital346345342339334329 
Accumulated other comprehensive loss(28)(117)(128)(59)(185)(172)(52)
Retained earnings217256302206166161100
Other undisclosed stockholders' equity attributable to parent      5
Total stockholders' equity:601550581551379383439
TOTAL LIABILITIES AND EQUITY:2,1292,0661,9761,7251,1591,1831,327

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,4231,6241,4581,1699321,0331,175
Revenue, net 8479461,074
Cost of revenue
(Cost of Goods and Services Sold)
(1,293)(1,466)(96)(85)(71)(68)(888)
Gross profit:1311581,3611,084860965287
Operating expenses(67)(74)(61)(50)(45)(46)(48)
Other undisclosed operating loss  (1,032)(868)(702)(754)(77)
Operating income:6484268167114166162
Nonoperating expense(75)(74)(91)(63)(54)(61)(58)
Investment income, nonoperating    (0)(1)12
Interest and debt expense(1)(1)(22)(11)(52)(54)(64)
Other undisclosed income from continuing operations before equity method investments, income taxes112211525464
Income (loss) from continuing operations before income taxes:(11)1017710459105104
Income tax expense (benefit)(6)(19)(49)(33)(25)(29)17
Net income (loss):(17)(10)129703576121
Net loss attributable to noncontrolling interest      (8)
Net income (loss) available to common stockholders, diluted:(17)(10)129703576113

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(17)(10)129703576121
Other comprehensive income (loss)21(69)126(14)(119)(84)
Comprehensive income (loss):(15)(9)5919721(44)37
Comprehensive income, net of tax, attributable to noncontrolling interest      8
Other undisclosed comprehensive income (loss), net of tax, attributable to parent8711    (16)
Comprehensive income (loss), net of tax, attributable to parent:7225919721(44)29

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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