Resolute Forest Products Inc. (RFP) financial statements (2021 and earlier)

Company profile

Business Address 111 ROBERT-BOURASSA BLVD
MONTREAL, QC H3C 2MI
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)

12/31/2020
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 investments113330463558337
Cash and cash equivalents113330463558337
Restricted cash and investments4      
Receivables278349449479441459539
Inventory, net of allowances, customer advances and progress billings462522508526570541542
Inventory462522508526570541542
Other undisclosed current assets433343333553116
Total current assets:9009071,3041,0441,0811,1111,534
Noncurrent Assets
Operating lease, right-of-use asset6061
Property, plant and equipment1,4411,4591,5151,7161,8421,8101,985
Intangible assets, net (including goodwill)94485014615116462
Goodwill31  818159 
Intangible assets, net (excluding goodwill)634850657010562
Restricted cash and investments 39     
Deferred costs     7 
Deferred income tax assets915 
Other noncurrent assets320236190165164153121
Other undisclosed noncurrent assets 8768761,0761,0399751,219
Total noncurrent assets:2,8302,7192,6313,1033,1963,1093,387
TOTAL ASSETS:3,7303,6263,9354,1474,2774,2204,921
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:369342427420466436518
Accounts payable251255299306346324361
Accrued liabilities19121724222426
Employee-related liabilities14151718515685
Taxes payable544107513
Interest and dividends payable4355555
Other undisclosed accounts payable and accrued liabilities76538557352228
Debt212231111
Accrued environmental loss contingencies      8
Other undisclosed current liabilities98    (8)
Total current liabilities:380351650421467437519
Noncurrent Liabilities
Long-term debt and lease obligation, including:559448422788761590596
Long-term debt, excluding current maturities 71 144125  
Operating lease, liability5557
Other undisclosed long-term debt and lease obligation504320422644636590596
Liabilities, other than long-term debt1,6541,5351,3281,3381,3381,2481,689
Deferred tax liabilities, net 13223
Liability, pension and other postretirement and postemployment benefits1,5621,4601,2571,2571,2811,1861,616
Other liabilities92757168556070
Other undisclosed noncurrent liabilities5557     
Total noncurrent liabilities:2,2682,0401,7502,1262,0991,8382,285
Total liabilities:2,6482,3912,4002,5472,5662,2752,804
Stockholders' equity
Stockholders' equity attributable to parent1,0811,2341,5341,5991,6931,9322,106
Treasury stock, value(174)(144)(120)(120)(120)(120)(61)
Additional paid in capital3,8043,8023,8023,7933,7753,7653,754
Accumulated other comprehensive loss(1,314)(1,179)(950)(780)(755)(587)(718)
Accumulated deficit(1,235)(1,245)(1,198)(1,294)(1,207)(1,126)(869)
Stockholders' equity attributable to noncontrolling interest1111181311
Total stockholders' equity:1,0821,2351,5351,6001,7111,9452,117
TOTAL LIABILITIES AND EQUITY:3,7303,6263,9354,1474,2774,2204,921

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
Revenues2,8002,9233,7563,5133,5453,6454,258
Revenue, net3,5133,5453,6454,258
Cost of revenue
(Cost of Goods and Services Sold)
(169)(180)(475)(646)(646)(697)(778)
Gross profit:2,6312,7433,2812,8672,8992,9483,480
Operating expenses(178)(155)(141)(244)(209)(341)(643)
Other undisclosed operating loss(2,354)(2,571)(2,761)(2,574)(2,716)(2,826)(3,011)
Operating income (loss):991737949(26)(219)(174)
Nonoperating income (expense)(4)(22)5674(83)
Investment income, nonoperating    5 (61)
Foreign currency transaction gain (loss), before tax   9(7)(4)(32)
Net periodic defined benefits expense (reversal of expense), excluding service cost component 4750
Other nonoperating income (expense)(4)  (3)9810
Interest and debt expense(34)(31)(47)(49)(38)(41)(47)
Income (loss) from continuing operations before equity method investments, income taxes:61(36)3376(57)(256)(304)
Other undisclosed income from continuing operations before income taxes 4750    
Income (loss) from continuing operations before income taxes:61113876(57)(256)(304)
Income tax expense (benefit)(51)(58)(152)(84)(19)130
Net income (loss):10(47)235(78)(76)(255)(274)
Net loss attributable to noncontrolling interest   (6)(5)(2)(3)
Net income (loss) available to common stockholders, diluted:10(47)235(84)(81)(257)(277)

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):10(47)235(78)(76)(255)(274)
Other comprehensive income (loss)(135)(229)(168)(25)(168)131(447)
Comprehensive income (loss):(125)(276)67(103)(244)(124)(721)
Comprehensive loss, net of tax, attributable to noncontrolling interest   (6)(5)(2)(3)
Comprehensive income (loss), net of tax, attributable to parent:(125)(276)67(109)(249)(126)(724)

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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