Reliance Steel & Aluminum Co. (RS) financial statements (2021 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)

12/31/2020
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 investments684174128154123104106
Cash and cash equivalents684174128154123104106
Receivables9281,1051,2581,0909609531,145
Inventory, net of allowances, customer advances and progress billings1,4201,6461,8171,7261,5331,4361,752
Inventory1,4201,6461,8171,7261,5331,4361,752
Other current assets     61118
Other undisclosed current assets8185828173  
Total current assets:3,1133,0103,2853,0512,6892,5543,121
Noncurrent Assets
Operating lease, right-of-use asset204202
Property, plant and equipment1,7921,7951,7301,6561,6621,6361,656
Long-term investments and receivables      5
Long-term investments      5
Intangible assets, net (including goodwill)2,8823,0352,9432,9552,9792,8502,978
Goodwill1,9352,0041,8711,8431,8271,7251,736
Intangible assets, net (excluding goodwill)9471,0311,0721,1121,1511,1251,242
Deferred costs34272120161513
Other noncurrent assets     8281
Other undisclosed noncurrent assets8263666966(15)(18)
Total noncurrent assets:4,9945,1214,7604,7004,7234,5674,716
TOTAL ASSETS:8,1078,1318,0457,7517,4117,1227,837
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities514515591570533449522
Accounts payable259275339347302247287
Accrued liabilities89677784848398
Employee-related liabilities166172175139141119128
Taxes payable    6 9
Debt 5365928350194
Other liabilities     123154
Other undisclosed current liabilities99108434241(83)(107)
Total current liabilities:613675699704656990663
Noncurrent Liabilities
Long-term debt and lease obligation1,7931,6732,1391,8091,8471,4282,222
Long-term debt, excluding current maturities1,6391,5242,1391,8091,8471,4282,222
Operating lease, liability154150
Liabilities, other than long-term debt578569528538730761824
Deferred tax liabilities, net440441627627693
Deferred income tax liabilities456469
Liability, pension and other postretirement and postemployment benefits9687728590104102
Other liabilities27121612133029
Total noncurrent liabilities:2,3712,2422,6662,3472,5762,1893,046
Total liabilities:2,9842,9173,3653,0513,2323,1793,709
Stockholders' equity
Stockholders' equity attributable to parent, including:5,1155,2074,6724,6674,1493,9144,099
Common stock      819
Accumulated other comprehensive loss(78)(105)(103)(72)(105)(100)(49)
Retained earnings5,1935,1904,6384,1443,6633,4803,329
Other undisclosed stockholders' equity attributable to parent0122136595590534 
Stockholders' equity attributable to noncontrolling interest78833302929
Total stockholders' equity:5,1235,2144,6804,7004,1793,9434,128
TOTAL LIABILITIES AND EQUITY:8,1078,1318,0457,7517,4117,1227,837

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
Revenues8,81210,97411,5359,7218,6139,35110,452
Revenue, net9,7218,6139,35110,452
Cost of revenue(6,202)(7,818)(8,434)(7,111)(6,192)(6,971)(8,001)
Cost of goods and services sold(6,037)(7,644)(8,253)(6,933)(6,023)(6,804)(7,831)
Gross profit:2,6103,1563,1012,6112,4212,3802,451
Operating expenses(2,044)(2,142)(2,163)(1,948)(1,909)(1,833)(1,834)
Operating income:5661,014938662513547617
Nonoperating income (expense)(25)1(1)(5)1(4)14
Foreign currency transaction gain, before tax      3
Other nonoperating income (expense)(25)1(1)(5)1(4)11
Interest and debt expense(63)(85)(86)(74)(85)(84)(82)
Other undisclosed loss from continuing operations before equity method investments, income taxes      (3)
Income from continuing operations before equity method investments, income taxes:478929851584429459546
Income from equity method investments      2
Other undisclosed loss from continuing operations before income taxes      (2)
Income from continuing operations before income taxes:478929851584429459546
Income tax expense (benefit)(106)(223)(209)37(120)(143)(170)
Net income:372706642621309316376
Net loss attributable to noncontrolling interest(3)(5)(8)(8)(5)(5)(5)
Net income available to common stockholders, diluted:369702634613304312372

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:372706642621309316376
Other comprehensive income (loss)27(2)(26)33(5)(51)(42)
Comprehensive income:400704616654304265334
Comprehensive loss, net of tax, attributable to noncontrolling interest(3)(5)(8)(8)(5)(5)(5)
Comprehensive income, net of tax, attributable to parent:396699608647299261329

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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