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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments35124014313710053148
Cash and cash equivalents35124014313710053148
Restricted cash and investments  317    
Receivables209253206124134141136
Inventory, net of allowances, customer advances and progress billings273304177133141147171
Inventory273304177133141147171
Prepaid expense and other current assets11
Deferred tax assets1     
Other undisclosed current assets12129814376
Total current assets:845811852402389378472
Noncurrent Assets
Operating lease, right-of-use asset13
Property, plant and equipment1,0741,0298457387628831,039
Long-term investments and receivables5363     
Long-term investments5363     
Intangible assets, net (including goodwill)5354   5
Intangible assets, net (excluding goodwill)5354   5 
Deferred income tax assets1
Other noncurrent assets26182688  
Other undisclosed noncurrent assets 1111236038
Total noncurrent assets:1,2211,1658727577949491,077
TOTAL ASSETS:2,0661,9761,7251,1591,1831,3271,549
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2561941349296102104
Accounts payable8345483830  
Accrued liabilities112966840564139
Employee-related liabilities 1111  
Taxes payable2830   11
Interest and dividends payable33   7  
Other undisclosed accounts payable and accrued liabilities 23171325964
Debt  296 21563
Derivative instruments and hedges, liabilities     15 
Other undisclosed current liabilities11116(17)(1)
Total current liabilities:25619543093104116165
Noncurrent Liabilities
Long-term debt and lease obligation1,1301,066683618638684928
Long-term debt, excluding current maturities1,0881,041663618638675919
Finance lease, liability31
Capital lease obligations2520  99
Operating lease, liability11
Liabilities, other than long-term debt1297354695786102
Pension and other postretirement defined benefit plans, liabilities3535
Asset retirement obligations 95  56
Deferred tax liabilities, net  17132914
Deferred income tax liabilities90
Liability, pension and other postretirement and postemployment benefits2526212525 
Other liabilities1439272612  
Derivative instruments and hedges, liabilities    71847
Other undisclosed noncurrent liabilities 607  25
Total noncurrent liabilities:1,2591,1997446866957721,035
Total liabilities:1,5151,3941,1747808008881,200
Stockholders' equity
Stockholders' equity attributable to parent, including:550581551379383439359
Common stock6665656564386329
Additional paid in capital345342339334329  
Accumulated other comprehensive income (loss)(117)(128)(59)(185)(172)(52)31
Retained earnings25630220616616110011
Other undisclosed stockholders' equity attributable to parent     5(12)
Stockholders' equity attributable to noncontrolling interest      (11)
Total stockholders' equity:550581551379383439348
TOTAL LIABILITIES AND EQUITY:2,0661,9761,7251,1591,1831,3271,549

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,6241,4581,1699321,0331,1751,088
Revenue, net 8479461,074996
Cost of revenue
(Cost of Goods and Services Sold)
(1,466)(96)(85)(71)(68)(888)(921)
Other undisclosed gross profit      (78)
Gross profit:1581,3611,08486096528789
Operating expenses(74)(61)(50)(45)(46)(48)(1,057)
Other undisclosed operating income (loss) (1,032)(868)(702)(754)(77)999
Operating income:8426816711416616232
Nonoperating expense(74)(91)(63)(54)(61)(58)(48)
Investment income, nonoperating   (0)(1)1220
Interest and debt expense(1)(22)(11)(52)(54)(64)(69)
Other undisclosed income from continuing operations before equity method investments, income taxes1221152546469
Income (loss) from continuing operations before income taxes:1017710459105104(17)
Income tax expense (benefit)(19)(49)(33)(25)(29)17(9)
Net income (loss):(10)129703576121(26)
Net loss attributable to noncontrolling interest     (8)(1)
Net income (loss) available to common stockholders, diluted:(10)129703576113(26)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(10)129703576121(26)
Other comprehensive income (loss)1(69)126(14)(119)(84)3
Comprehensive income (loss):(9)5919721(44)37(23)
Comprehensive income, net of tax, attributable to noncontrolling interest     81
Other undisclosed comprehensive income (loss), net of tax, attributable to parent11    (16)(1)
Comprehensive income (loss), net of tax, attributable to parent:25919721(44)29(23)

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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