Mercer International Inc. (MERC) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments346361351240143137100
Cash and cash equivalents346361351240143137100
Restricted cash and investments    317  
Receivables345227209253206124134
Inventory, net of allowances, customer advances and progress billings357272273304177133141
Inventory357272273304177133141
Deferred tax assets1   
Other undisclosed current assets171512129814
Total current assets:1,064875845811852402389
Noncurrent Assets
Operating lease, right-of-use asset101313
Property, plant and equipment1,1361,1101,0741,029845738762
Long-term investments and receivables50465363   
Long-term investments50465363   
Intangible assets, net (including goodwill)48525354   
Intangible assets, net (excluding goodwill)48525354   
Deferred income tax assets111
Other noncurrent assets393226182688
Other undisclosed noncurrent assets4  111123
Total noncurrent assets:1,2871,2541,2211,165872757794
TOTAL ASSETS:2,3512,1292,0661,9761,7251,1591,183
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2822112561941349296
Accounts payable64568345483830
Accrued liabilities769811296684056
Employee-related liabilities22  1111
Taxes payable56232830   
Interest and dividends payable273333   7
Other undisclosed accounts payable and accrued liabilities37  2317132
Debt    296 2
Other undisclosed current liabilities1111116
Total current liabilities:28321225619543093104
Noncurrent Liabilities
Long-term debt and lease obligation1,3001,1971,1301,066683618638
Long-term debt, excluding current maturities1,2381,1451,0881,041663618638
Finance lease, liability564131
Capital lease obligations2520  
Operating lease, liability71011
Liabilities, other than long-term debt13012012973546957
Asset retirement obligations   95  
Deferred tax liabilities, net  1713
Deferred income tax liabilities957790
Liability, pension and other postretirement and postemployment benefits21322526212525
Other liabilities14111439272612
Derivative instruments and hedges, liabilities      7
Other undisclosed noncurrent liabilities(56)  607  
Total noncurrent liabilities:1,3741,3161,2591,199744686695
Total liabilities:1,6571,5281,5151,3941,174780800
Stockholders' equity
Stockholders' equity attributable to parent694601550581551379383
Common stock66666665656564
Additional paid in capital348346345342339334329
Accumulated other comprehensive loss(91)(28)(117)(128)(59)(185)(172)
Retained earnings371217256302206166161
Total stockholders' equity:694601550581551379383
TOTAL LIABILITIES AND EQUITY:2,3512,1292,0661,9761,7251,1591,183

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,8031,4231,6241,4581,1699321,033
Revenue, net 847946
Cost of revenue
(Cost of Goods and Services Sold)
(1,378)(1,293)(1,466)(96)(85)(71)(68)
Gross profit:4261311581,3611,084860965
Operating expenses(79)(67)(74)(61)(50)(45)(46)
Other undisclosed operating loss   (1,032)(868)(702)(754)
Operating income:3476484268167114166
Nonoperating expense(86)(75)(74)(91)(63)(54)(61)
Other nonoperating income (expense)1466(5)2(1)(1)
Interest and debt expense(2)(1)(1)(22)(11)(52)(54)
Other undisclosed income from continuing operations before equity method investments, income taxes 1122115254
Income (loss) from continuing operations before equity method investments, income taxes:259(11)1017710459105
Other undisclosed income from continuing operations before income taxes2      
Income (loss) from continuing operations before income taxes:261(11)1017710459105
Income tax expense(90)(6)(19)(49)(33)(25)(29)
Net income (loss) available to common stockholders, diluted:171(17)(10)129703576

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):171(17)(10)129703576
Other comprehensive income (loss)(15)21(69)126(14)(119)
Comprehensive income (loss):156(15)(9)5919721(44)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(48)8711    
Comprehensive income (loss), net of tax, attributable to parent:1087225919721(44)

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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