Schnitzer Steel Industries, Inc. (SCHN) financial statements (2022 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)

11/30/2021
TTM
8/31/2021
8/31/2020
8/31/2019
8/31/2018
8/31/2017
8/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments192818125727
Cash and cash equivalents192818125727
Receivables300211153148174141115
Inventory, net of allowances, customer advances and progress billings314256157187206167133
Inventory314256157187206167133
Other undisclosed current assets404834119642225
Total current assets:672543363466448338300
Noncurrent Assets
Operating lease, right-of-use asset128131141 
Property, plant and equipment580563487456416391393
Long-term investments and receivables13131010121114
Long-term investments13131010121114
Intangible assets, net (including goodwill)255174174174172172172
Goodwill232170170169168168167
Intangible assets, net (excluding goodwill)23454445
Deferred income tax assets272827 
Other noncurrent assets44432825262213
Deferred tax assets, net30  
Other undisclosed noncurrent assets   29   
Total noncurrent assets:1,047951867694656596592
TOTAL ASSETS:1,7201,4941,2301,1611,105934891
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities302303195261247174123
Accounts payable1971801071101289558
Accrued liabilities715047123723736
Employee-related liabilities31704128464229
Taxes payable34   0 
Debt4741118
Accrued environmental loss contingencies222566722
Other undisclosed current liabilities221818    
Total current liabilities:349353224268255176134
Noncurrent Liabilities
Long-term debt and lease obligation, including:25671102104106144184
Finance lease, liability 56 
Operating lease, liability109113125 
Other undisclosed long-term debt and lease obligation147(47)(29)104106144184
Liabilities, other than long-term debt1311179962747672
Deferred tax liabilities, net121917
Deferred income tax liabilities514138 
Accrued environmental loss contingencies55524746474644
Other liabilities25241316151011
Other undisclosed noncurrent liabilities10911312525   
Total noncurrent liabilities:496302326191180220256
Total liabilities:845655549459435396390
Stockholders' equity
Stockholders' equity attributable to parent, including:871836677697666534498
Additional paid in capital44493734373831
Accumulated other comprehensive loss(35)(35)(37)(39)(37)(35)(40)
Retained earnings835794650675640504480
Other undisclosed stockholders' equity attributable to parent28282727272727
Stockholders' equity attributable to noncontrolling interest4444444
Total stockholders' equity:875840680701670537501
TOTAL LIABILITIES AND EQUITY:1,7201,4941,2301,1611,105934891

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

11/30/2021
TTM
8/31/2021
8/31/2020
8/31/2019
8/31/2018
8/31/2017
8/31/2016
Revenues3,0652,7591,7122,1332,3651,6881,353
Revenue, net1,6881,353
Cost of revenue(2,569)(2,305)(1,504)(1,859)(2,010)(1,465)(1,176)
Cost of goods and services sold(2,569)(2,305)(1,504)(1,859)(0)(1,465)(1,176)
Gross profit:496453209274354223177
Operating expenses(248)(242)(188)(191)(209)(172)(158)
Other undisclosed operating income (loss)33(14)145(27)
Operating income (loss):25121478414956(8)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(0)(0)(0)1211
Interest and debt expense(5)(5)(9)(8)(9)(8)(9)
Income (loss) from continuing operations before income taxes:246208(2)7614249(16)
Income tax expense (benefit)(43)(38)(0)(18)18(1)(1)
Income (loss) from continuing operations:202170(2)5915947(16)
Income (loss) from discontinued operations(0)(0)(0)(0)0(0)(1)
Net income (loss):202170(2)5816047(18)
Net loss attributable to noncontrolling interest(5)(5)(2)(2)(3)(2)(2)
Net income (loss) available to common stockholders, diluted:197165(4)5615645(19)

Comprehensive Income ($ in millions)

11/30/2021
TTM
8/31/2021
8/31/2020
8/31/2019
8/31/2018
8/31/2017
8/31/2016
Net income (loss):202170(2)5816047(18)
Other comprehensive income (loss)222(2)(2)5(2)
Comprehensive income (loss):204172(0)5715852(19)
Comprehensive loss, net of tax, attributable to noncontrolling interest(5)(5)(2)(2)(3)(2)(2)
Comprehensive income (loss), net of tax, attributable to parent:199167(2)5515549(21)

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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