Resolute Forest Products Inc. (RFP) financial statements (2022 and earlier)

Company profile

Business Address 1010 DE LA GAUCHETIERE STREET WEST
MONTREAL, QC H3B 2N2
State of Incorp. DE
Fiscal Year End December 31
SIC 2621 - Paper 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 investments112113330463558
Cash and cash equivalents112113330463558
Restricted cash and investments 4     
Receivables313278349449479441459
Inventory, net of allowances, customer advances and progress billings510462522508526570541
Inventory510462522508526570541
Other undisclosed current assets54433343333553
Total current assets:9899009071,3041,0441,0811,111
Noncurrent Assets
Operating lease, right-of-use asset546061
Property, plant and equipment1,2701,4411,4591,5151,7161,8421,810
Intangible assets, net (including goodwill)88944850146151164
Goodwill3131  818159
Intangible assets, net (excluding goodwill)576348506570105
Restricted cash and investments  39    
Deferred costs      7
Deferred income tax assets653915 
Other noncurrent assets484320236190165164153
Other undisclosed noncurrent assets  8768761,0761,039975
Total noncurrent assets:2,5492,8302,7192,6313,1033,1963,109
TOTAL ASSETS:3,5383,7303,6263,9354,1474,2774,220
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:311369342427420466436
Accounts payable262251255299306346324
Accrued liabilities25191217242224
Employee-related liabilities14141517185156
Taxes payable45441075
Interest and dividends payable6435555
Other undisclosed accounts payable and accrued liabilities 765385573522
Debt221223111
Other undisclosed current liabilities11898    
Total current liabilities:431380351650421467437
Noncurrent Liabilities
Long-term debt and lease obligation, including:300559448422788761590
Long-term debt, excluding current maturities  71 144125 
Operating lease, liability515557
Other undisclosed long-term debt and lease obligation249504320422644636590
Liabilities, other than long-term debt1,2391,6541,5351,3281,3381,3381,248
Deferred tax liabilities, net 1322
Liability, pension and other postretirement and postemployment benefits1,1511,5621,4601,2571,2571,2811,186
Other liabilities88927571685560
Other undisclosed noncurrent liabilities515557    
Total noncurrent liabilities:1,5902,2682,0401,7502,1262,0991,838
Total liabilities:2,0212,6482,3912,4002,5472,5662,275
Stockholders' equity
Stockholders' equity attributable to parent1,5141,0811,2341,5341,5991,6931,932
Treasury stock, value(222)(174)(144)(120)(120)(120)(120)
Additional paid in capital3,8073,8043,8023,8023,7933,7753,765
Accumulated other comprehensive loss(1,062)(1,314)(1,179)(950)(780)(755)(587)
Accumulated deficit(1,009)(1,235)(1,245)(1,198)(1,294)(1,207)(1,126)
Stockholders' equity attributable to noncontrolling interest311111813
Total stockholders' equity:1,5171,0821,2351,5351,6001,7111,945
TOTAL LIABILITIES AND EQUITY:3,5383,7303,6263,9354,1474,2774,220

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
Revenues3,6642,8002,9233,7563,5133,5453,645
Revenue, net3,5133,5453,645
Cost of revenue
(Cost of Goods and Services Sold)
(164)(169)(180)(475)(646)(646)(697)
Gross profit:3,5002,6312,7433,2812,8672,8992,948
Operating expenses(302)(178)(155)(141)(244)(209)(341)
Other undisclosed operating loss(2,614)(2,354)(2,571)(2,761)(2,574)(2,716)(2,826)
Operating income (loss):584991737949(26)(219)
Nonoperating income (expense)(59)(4)(22)5674
Investment income, nonoperating     5 
Foreign currency transaction gain (loss), before tax    9(7)(4)
Net periodic defined benefits expense (reversal of expense), excluding service cost component11 4750
Other nonoperating income (expense)(70)(4)  (3)98
Interest and debt expense(21)(34)(31)(47)(49)(38)(41)
Income (loss) from continuing operations before equity method investments, income taxes:50461(36)3376(57)(256)
Other undisclosed income from continuing operations before income taxes  4750   
Income (loss) from continuing operations before income taxes:50461113876(57)(256)
Income tax expense (benefit)(195)(51)(58)(152)(84)(19)1
Net income (loss):30910(47)235(78)(76)(255)
Net loss attributable to noncontrolling interest(2)   (6)(5)(2)
Net income (loss) available to common stockholders, diluted:30710(47)235(84)(81)(257)

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):30910(47)235(78)(76)(255)
Other comprehensive income (loss)252(135)(229)(168)(25)(168)131
Comprehensive income (loss):561(125)(276)67(103)(244)(124)
Comprehensive loss, net of tax, attributable to noncontrolling interest(2)   (6)(5)(2)
Comprehensive income (loss), net of tax, attributable to parent:559(125)(276)67(109)(249)(126)

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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