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

Company profile

Business Address 111 DUKE STREET
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)

12/31/2019
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 investments330463558337322
Cash and cash equivalents330463558337322
Receivables349449479441459539634
Inventory, net of allowances, customer advances and progress billings522508526570541542529
Inventory522508526570541542529
Other undisclosed current assets334333355311677
Total current assets:9071,3041,0441,0811,1111,5341,562
Noncurrent Assets
Operating lease, right-of-use asset61
Property, plant and equipment1,4591,5151,7161,8421,8101,9852,289
Intangible assets, net (including goodwill)48501461511646266
Goodwill  818159  
Intangible assets, net (excluding goodwill)485065701056266
Restricted cash and investments39      
Deferred costs    7  
Other noncurrent assets236190165164153121202
Other undisclosed noncurrent assets8768761,0761,0399751,2191,266
Total noncurrent assets:2,7192,6313,1033,1963,1093,3873,823
TOTAL ASSETS:3,6263,9354,1474,2774,2204,9215,385
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:342427420466436518533
Accounts payable255299306346324361 
Accrued liabilities121724222426 
Employee-related liabilities15171851568597
Taxes payable441075136
Interest and dividends payable355555 
Other undisclosed accounts payable and accrued liabilities538557352228430
Debt122311112
Accrued environmental loss contingencies     8 
Deferred tax liabilities     32
Other undisclosed current liabilities8    (8) 
Total current liabilities:351650421467437519567
Noncurrent Liabilities
Long-term debt and lease obligation, including:448422788761590596597
Long-term debt, excluding current maturities71 144125   
Operating lease, liability57
Other undisclosed long-term debt and lease obligation320422644636590596597
Liabilities, other than long-term debt1,5351,3281,3381,3381,2481,6891,382
Pension and other postretirement defined benefit plans, liabilities1,294
Deferred tax liabilities, net 1322326
Liability, pension and other postretirement and postemployment benefits1,4601,2571,2571,2811,1861,616
Other liabilities75716855607062
Other undisclosed noncurrent liabilities57      
Total noncurrent liabilities:2,0401,7502,1262,0991,8382,2851,979
Total liabilities:2,3912,4002,5472,5662,2752,8042,546
Stockholders' equity
Stockholders' equity attributable to parent1,2341,5341,5991,6931,9322,1062,827
Treasury stock, value(144)(120)(120)(120)(120)(61)(61)
Additional paid in capital3,8023,8023,7933,7753,7653,7543,751
Accumulated other comprehensive loss(1,179)(950)(780)(755)(587)(718)(271)
Accumulated deficit(1,245)(1,198)(1,294)(1,207)(1,126)(869)(592)
Stockholders' equity attributable to noncontrolling interest11118131112
Total stockholders' equity:1,2351,5351,6001,7111,9452,1172,839
TOTAL LIABILITIES AND EQUITY:3,6263,9354,1474,2774,2204,9215,385

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
Revenues2,9233,7563,5133,5453,6454,2584,461
Revenue, net3,5133,5453,6454,2584,461
Cost of revenue
(Cost of Goods and Services Sold)
(180)(475)(646)(646)(697)(778)(775)
Gross profit:2,7433,2812,8672,8992,9483,4803,686
Operating expenses(155)(141)(244)(209)(341)(643)(306)
Other undisclosed operating loss(2,571)(2,761)(2,574)(2,716)(2,826)(3,011)(3,382)
Operating income (loss):1737949(26)(219)(174)(2)
Nonoperating income (expense)(22)5674(83)(62)
Investment income, nonoperating   5 (61)1
Foreign currency transaction gain (loss), before tax  9(7)(4)(32)(24)
Net periodic defined benefits expense (reversal of expense), excluding service cost component4750
Other nonoperating income (expense)  (3)9810(6)
Interest and debt expense(31)(47)(49)(38)(41)(47)(110)
Income (loss) from continuing operations before equity method investments, income taxes:(36)3376(57)(256)(304)(174)
Income from equity method investments      3
Other undisclosed income from continuing operations before income taxes4750    56
Income (loss) from continuing operations before income taxes:113876(57)(256)(304)(115)
Income tax expense (benefit)(58)(152)(84)(19)130(524)
Net income (loss):(47)235(78)(76)(255)(274)(639)
Net loss attributable to noncontrolling interest  (6)(5)(2)(3) 
Net income (loss) available to common stockholders, diluted:(47)235(84)(81)(257)(277)(639)

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):(47)235(78)(76)(255)(274)(639)
Other comprehensive income (loss)(229)(168)(25)(168)131(447)343
Comprehensive income (loss):(276)67(103)(244)(124)(721)(296)
Comprehensive loss, net of tax, attributable to noncontrolling interest  (6)(5)(2)(3) 
Comprehensive income (loss), net of tax, attributable to parent:(276)67(109)(249)(126)(724)(296)

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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