Schnitzer Steel Industries, Inc. (SCHN) financial statements (2021 and earlier)

Company profile

Business Address 299 SW CLAY ST.
PORTLAND, OR 97201
State of Incorp. OR
Fiscal Year End August 31
SIC 509 - Miscellaneous Durable Goods (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

11/30/2019
TTM
8/31/2019
8/31/2018
8/31/2017
8/31/2016
8/31/2015
8/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments101257272326
Cash and cash equivalents101257272326
Receivables118148174141115119189
Inventory, net of allowances, customer advances and progress billings178187206167133157216
Inventory178187206167133157216
Income taxes receivable2
Other undisclosed current assets351196422252431
Total current assets:340466448338300322464
Noncurrent Assets
Operating lease, right-of-use asset124 
Property, plant and equipment457456416391393428523
Long-term investments and receivables10101211141515
Long-term investments10101211141515
Intangible assets, net (including goodwill)173174172172172182336
Goodwill169169168168167176326
Intangible assets, net (excluding goodwill)44445610
Deferred income tax assets28 
Other noncurrent assets26252622131517
Deferred tax assets, net30    
Other undisclosed noncurrent assets 29     
Total noncurrent assets:819694656596592640891
TOTAL ASSETS:1,1591,1611,1059348919621,355
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities132261247174123119139
Accounts payable72110128955857103
Accrued liabilities4312372373636 
Employee-related liabilities16284642292532
Taxes payable   0 03
Debt20111811
Accrued environmental loss contingencies6672211
Other undisclosed current liabilities      37
Total current liabilities:157268255176134120177
Noncurrent Liabilities
Long-term debt and lease obligation, including:127104106144184228319
Finance lease, liability7 
Operating lease, liability108 
Other undisclosed long-term debt and lease obligation12104106144184228319
Liabilities, other than long-term debt81627476727683
Deferred tax liabilities, net1219171923
Deferred income tax liabilities22 
Accrued environmental loss contingencies46464746444647
Other liabilities13161510111113
Other undisclosed noncurrent liabilities10825     
Total noncurrent liabilities:316191180220256303402
Total liabilities:474459435396390424579
Stockholders' equity
Stockholders' equity attributable to parent, including:681697666534498535771
Additional paid in capital30343738312619
Accumulated other comprehensive loss(39)(39)(37)(35)(40)(39)(13)
Retained earnings663675640504480520738
Other undisclosed stockholders' equity attributable to parent27272727272727
Stockholders' equity attributable to noncontrolling interest4444445
Total stockholders' equity:685701670537501539776
TOTAL LIABILITIES AND EQUITY:1,1591,1611,1059348919621,355

Income statement (P&L) ($ in millions)

11/30/2019
TTM
8/31/2019
8/31/2018
8/31/2017
8/31/2016
8/31/2015
8/31/2014
Revenues1,9742,1332,3651,6881,3531,9152,544
Revenue, net1,6881,3531,9152,544
Cost of revenue(1,733)(1,859)(2,010)(1,465)(1,176)(1,746)(2,325)
Cost of goods and services sold(1,733)(1,859)(0)(1,465)(1,176)(1,746)(2,325)
Gross profit:241274354223177170219
Operating expenses(187)(191)(209)(172)(158)(355)(202)
Other undisclosed operating income (loss)(1)145(27)(11)3
Operating income (loss):538414956(8)(196)20
Nonoperating income1121171
Foreign currency transaction gain, before tax     3 
Other nonoperating income1121141
Interest and debt expense(8)(8)(9)(8)(9)(9)(11)
Income (loss) from continuing operations before equity method investments, income taxes:467614249(16)(197)11
Income from equity method investments     11
Other undisclosed loss from continuing operations before income taxes     (4)(1)
Income (loss) from continuing operations before income taxes:467614249(16)(200)11
Income tax expense (benefit)(11)(18)18(1)(1)13(2)
Income (loss) from continuing operations:355915947(16)(188)9
Income (loss) from discontinued operations(0)(0)0(0)(1)(7) 
Income (loss) before gain (loss) on sale of properties:355816047(18)(195)9
Other undisclosed net income      1
Net income (loss):355816047(18)(195)10
Net loss attributable to noncontrolling interest(2)(2)(3)(2)(2)(2)(4)
Net income (loss) available to common stockholders, diluted:335615645(19)(197)6

Comprehensive Income ($ in millions)

11/30/2019
TTM
8/31/2019
8/31/2018
8/31/2017
8/31/2016
8/31/2015
8/31/2014
Net income (loss):355816047(18)(195)10
Other comprehensive income (loss)(0)(2)(2)5(2)(26)(3)
Comprehensive income (loss):355715852(19)(221)6
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)(2)(3)(2)(2)(2)4
Other undisclosed comprehensive loss, net of tax, attributable to parent      (7)
Comprehensive income (loss), net of tax, attributable to parent:335515549(21)(223)3

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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