Reliance Steel & Aluminum Co. (RS) financial statements (2023 and earlier)

Company profile

Business Address 350 S GRAND AVE STE 5100
LOS ANGELES, CA 90071
State of Incorp. DE
Fiscal Year End December 31
SIC 5051 - Metals Service Centers and Offices (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 investments301684174128154123104
Cash and cash equivalents301684174128154123104
Receivables1,6839281,1051,2581,090960953
Inventory, net of allowances, customer advances and progress billings2,0651,4201,6461,8171,7261,5331,436
Inventory2,0651,4201,6461,8171,7261,5331,436
Other current assets      61
Other undisclosed current assets1128185828173 
Total current assets:4,1603,1133,0103,2853,0512,6892,554
Noncurrent Assets
Operating lease, right-of-use asset225204202
Property, plant and equipment1,8371,7921,7951,7301,6561,6621,636
Intangible assets, net (including goodwill)3,1852,8823,0352,9432,9552,9792,850
Goodwill2,1081,9352,0041,8711,8431,8271,725
Intangible assets, net (excluding goodwill)1,0789471,0311,0721,1121,1511,125
Deferred costs41342721201615
Other noncurrent assets      82
Other undisclosed noncurrent assets888263666966(15)
Total noncurrent assets:5,3764,9945,1214,7604,7004,7234,567
TOTAL ASSETS:9,5368,1078,1318,0457,7517,4117,122
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities960514515591570533449
Accounts payable454259275339347302247
Accrued liabilities148896777848483
Employee-related liabilities294166172175139141119
Taxes payable64    6 
Debt  53659283501
Other liabilities      123
Other undisclosed current liabilities10599108434241(83)
Total current liabilities:1,065613675699704656990
Noncurrent Liabilities
Long-term debt and lease obligation1,8051,7931,6732,1391,8091,8471,428
Long-term debt, excluding current maturities1,6421,6391,5242,1391,8091,8471,428
Operating lease, liability163154150
Liabilities, other than long-term debt573578569528538730761
Deferred tax liabilities, net440441627627
Deferred income tax liabilities485456469
Liability, pension and other postretirement and postemployment benefits819687728590104
Other liabilities7271216121330
Total noncurrent liabilities:2,3772,3712,2422,6662,3472,5762,189
Total liabilities:3,4422,9842,9173,3653,0513,2323,179
Stockholders' equity
Stockholders' equity attributable to parent, including:6,0875,1155,2074,6724,6674,1493,914
Accumulated other comprehensive loss(69)(78)(105)(103)(72)(105)(100)
Retained earnings6,1555,1935,1904,6384,1443,6633,480
Other undisclosed stockholders' equity attributable to parent00122136595590534
Stockholders' equity attributable to noncontrolling interest7788333029
Total stockholders' equity:6,0945,1235,2144,6804,7004,1793,943
TOTAL LIABILITIES AND EQUITY:9,5368,1078,1318,0457,7517,4117,122

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
Revenues14,0938,81210,97411,5359,7218,6139,351
Revenue, net9,7218,6139,351
Cost of revenue(9,788)(6,202)(7,818)(8,434)(7,111)(6,192)(6,971)
Cost of goods and services sold(9,603)(6,037)(7,644)(8,253)(6,933)(6,023)(6,804)
Gross profit:4,3052,6103,1563,1012,6112,4212,380
Operating expenses(2,356)(2,044)(2,142)(2,163)(1,948)(1,909)(1,833)
Operating income:1,9495661,014938662513547
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(3)(25)1(1)(5)1(4)
Interest and debt expense(63)(63)(85)(86)(74)(85)(84)
Income from continuing operations before income taxes:1,883478929851584429459
Income tax expense (benefit)(466)(106)(223)(209)37(120)(143)
Net income:1,417372706642621309316
Net loss attributable to noncontrolling interest(4)(3)(5)(8)(8)(5)(5)
Net income available to common stockholders, diluted:1,413369702634613304312

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:1,417372706642621309316
Other comprehensive income (loss)927(2)(26)33(5)(51)
Comprehensive income:1,426400704616654304265
Comprehensive loss, net of tax, attributable to noncontrolling interest(4)(3)(5)(8)(8)(5)(5)
Comprehensive income, net of tax, attributable to parent:1,422396699608647299261

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: