Reliance Steel & Aluminum Co. (RS) financial statements (2020 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)

12/31/2019
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 investments17412815412310410684
Cash and cash equivalents17412815412310410684
Receivables1,1051,2581,0909609531,145984
Inventory, net of allowances, customer advances and progress billings1,6461,8171,7261,5331,4361,7521,540
Inventory1,6461,8171,7261,5331,4361,7521,540
Income taxes receivable34
Other current assets    6111898
Other undisclosed current assets85828173   
Total current assets:3,0103,2853,0512,6892,5543,1212,739
Noncurrent Assets
Operating lease, right-of-use asset202
Property, plant and equipment1,7951,7301,6561,6621,6361,6561,604
Long-term investments and receivables     514
Long-term investments     514
Intangible assets, net (including goodwill)3,0352,9432,9552,9792,8502,9782,905
Goodwill2,0041,8711,8431,8271,7251,7361,692
Intangible assets, net (excluding goodwill)1,0311,0721,1121,1511,1251,2421,214
Deferred costs272120161513 
Other noncurrent assets    828193
Other undisclosed noncurrent assets63666966(15)(18)(14)
Total noncurrent assets:5,1214,7604,7004,7234,5674,7164,602
TOTAL ASSETS:8,1318,0457,7517,4117,1227,8377,341
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities515591570533449522491
Accounts payable275339347302247287280
Accrued liabilities67778484839891
Employee-related liabilities172175139141119128120
Taxes payable   6 9 
Debt536592835019437
Other liabilities    123154137
Other undisclosed current liabilities108434241(83)(107)(91)
Total current liabilities:675699704656990663573
Noncurrent Liabilities
Long-term debt and lease obligation1,6732,1391,8091,8471,4282,2222,073
Long-term debt, excluding current maturities1,5242,1391,8091,8471,4282,2222,073
Operating lease, liability150
Liabilities, other than long-term debt569528538730761824811
Pension and other postretirement defined benefit plans, liabilities84
Deferred tax liabilities, net440441627627693691
Deferred income tax liabilities469
Liability, pension and other postretirement and postemployment benefits87728590104102
Other liabilities12161213302936
Total noncurrent liabilities:2,2422,6662,3472,5762,1893,0462,883
Total liabilities:2,9173,3653,0513,2323,1793,7093,457
Stockholders' equity
Stockholders' equity attributable to parent, including:5,2074,6724,6674,1493,9144,0993,875
Common stock     819818
Accumulated other comprehensive loss(105)(103)(72)(105)(100)(49)(7)
Retained earnings5,1904,6384,1443,6633,4803,3293,063
Other undisclosed stockholders' equity attributable to parent122136595590534  
Stockholders' equity attributable to noncontrolling interest883330292910
Total stockholders' equity:5,2144,6804,7004,1793,9434,1283,884
TOTAL LIABILITIES AND EQUITY:8,1318,0457,7517,4117,1227,8377,341

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
Revenues10,97411,5359,7218,6139,35110,4529,224
Revenue, net9,7218,6139,35110,4529,224
Cost of revenue(7,818)(8,434)(7,111)(6,192)(6,971)(8,001)(6,963)
Cost of goods and services sold(7,644)(8,253)(6,933)(6,023)(6,804)(7,831)(6,826)
Gross profit:3,1563,1012,6112,4212,3802,4512,261
Operating expenses(2,142)(2,163)(1,948)(1,909)(1,833)(1,834)(1,709)
Operating income:1,014938662513547617552
Nonoperating income (expense)1(1)(5)1(4)141
Foreign currency transaction gain (loss), before tax     3(3)
Other nonoperating income (expense)1(1)(5)1(4)114
Interest and debt expense(85)(86)(74)(85)(84)(82)(78)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes     (3)3
Income from continuing operations before equity method investments, income taxes:929851584429459546478
Income from equity method investments     22
Other undisclosed loss from continuing operations before income taxes     (2)(2)
Income from continuing operations before income taxes:929851584429459546478
Income tax expense (benefit)(223)(209)37(120)(143)(170)(154)
Net income:706642621309316376325
Net loss attributable to noncontrolling interest(5)(8)(8)(5)(5)(5)(3)
Net income available to common stockholders, diluted:702634613304312372322

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:706642621309316376325
Other comprehensive income (loss)(2)(26)33(5)(51)(42)(5)
Comprehensive income:704616654304265334320
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(5)(8)(8)(5)(5)(5)3
Other undisclosed comprehensive loss, net of tax, attributable to parent      (6)
Comprehensive income, net of tax, attributable to parent:699608647299261329316

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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