Rayonier Advanced Materials Inc. (RYAM) financial statements (2022 and earlier)

Company profile

Business Address 1301 RIVERPLACE BOULEVARD
JACKSONVILLE, FL 32207
State of Incorp. DE
Fiscal Year End December 31
SIC 2611 - Pulp Mills (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 investments292946410996327101
Cash and cash equivalents253946410996327101
Short-term investments39      
Receivables2032381822221813869
Inventory, net of allowances, customer advances and progress billings231233251321302118125
Inventory231233251321302118125
Other undisclosed current assets51697763673732
Total current assets:776634574716647520328
Noncurrent Assets
Finance lease, right-of-use asset2  
Operating lease, right-of-use asset18  
Property, plant and equipment 1,2751,3161,3811,408801804
Intangible assets, net (including goodwill)3138455260  
Intangible assets, net (excluding goodwill)3138455260  
Deferred income tax assets335385385
Other noncurrent assets1561971601231265059
Deferred tax assets, net   97
Other undisclosed noncurrent assets1,126  40740351 
Total noncurrent assets:1,6691,8961,9061,9631,996902960
TOTAL ASSETS:2,4452,5302,4802,6792,6431,4221,288
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities30626725534428593100
Accounts payable1691571531931583645
Accrued liabilities1361101021511273535
Employee-related liabilities     2221
Debt     108
Accrued environmental loss contingencies1191111131412
Other liabilities     1111
Other undisclosed current liabilities381719159  
Total current liabilities:355293286370308127132
Noncurrent Liabilities
Long-term debt and lease obligation, including:8911,0671,0631,1731,232774860
Long-term debt, excluding current maturities      860
Operating lease, liability 1318
Other undisclosed long-term debt and lease obligation8911,0541,0451,1731,232774 
Liabilities, other than long-term debt385475449401376310314
Deferred income tax liabilities202425
Liability, pension and other postretirement and postemployment benefits170261237239213162162
Accrued environmental loss contingencies160163160149151139145
Other liabilities342727121397
Total noncurrent liabilities:1,2761,5421,5111,5741,6091,0831,174
Total liabilities:1,6311,8351,7971,9441,9161,2101,306
Stockholders' equity
Stockholders' equity attributable to parent814695683707694212(17)
Preferred stock   000 
Common stock1110100
Additional paid in capital40940539939939224270
Accumulated other comprehensive loss(84)(134)(139)(156)(76)(110)(110)
Retained earnings4894234224633777922
Total stockholders' equity:814695683707694212(17)
Other undisclosed liabilities and equity   2833  
TOTAL LIABILITIES AND EQUITY:2,4452,5302,4802,6792,6431,4221,288

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
Revenues1,4081,7391,7752,134961869941
Revenue, net961869941
Cost of revenue
(Cost of Goods and Services Sold)
(1,333)(1,601)(1,721)(1,790)(822)(687)(739)
Gross profit:7513854344139181202
Operating expenses(76)(85)(90)(108)(80)(38)(48)
Other operating expense, net(10)(15)(25)(12)(2)(6)(35)
Other undisclosed operating income (loss)1(10)(23)(26)   
Operating income (loss):(10)27(83)19857138120
Nonoperating income (expense)(4)(1)(5)2532010
Investment income, nonoperating   20317  
Net periodic defined benefits expense (reversal of expense), excluding service cost component(4)6(5) 
Other nonoperating income (expense)1(7)(0)5410
Interest and debt expense(65)(72)(60)(60)(40)(26)(37)
Other undisclosed loss from continuing operations before equity method investments, income taxes(4)      
Income (loss) from continuing operations before equity method investments, income taxes:(83)(46)(148)16333711383
Loss from equity method investments(2)(1)     
Other undisclosed income from continuing operations before income taxes   98  
Income (loss) from continuing operations before income taxes:(84)(47)(148)17234511383
Income tax expense (benefit)354730(44)(20)(39)(28)
Net income (loss):(50)(0)(119)1283257355
Other undisclosed net income attributable to parent116196    
Net income (loss) attributable to parent:661(22)1283257355
Preferred stock dividends and other adjustments  (9)(14)(14)(5) 
Net income (loss) available to common stockholders, diluted:661(31)1153116855

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 (loss):(50)(0)(119)1283257355
Other comprehensive income (loss)49616(57)34(0)(6)
Comprehensive income (loss):(1)5(102)713597349
Other undisclosed comprehensive income, net of tax, attributable to parent116196    
Comprehensive income (loss), net of tax, attributable to parent:1166(6)713597349

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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