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)

11/30/2020
TTM
8/31/2020
8/31/2019
8/31/2018
8/31/2017
8/31/2016
8/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments71812572723
Cash and cash equivalents71812572723
Receivables174153148174141115119
Inventory, net of allowances, customer advances and progress billings185157187206167133157
Inventory185157187206167133157
Other undisclosed current assets343411964222524
Total current assets:401363466448338300322
Noncurrent Assets
Operating lease, right-of-use asset140141 
Property, plant and equipment495487456416391393428
Long-term investments and receivables11101012111415
Long-term investments11101012111415
Intangible assets, net (including goodwill)174174174172172172182
Goodwill170170169168168167176
Intangible assets, net (excluding goodwill)4544456
Deferred income tax assets2627 
Other noncurrent assets30282526221315
Deferred tax assets, net30   
Other undisclosed noncurrent assets  29    
Total noncurrent assets:877867694656596592640
TOTAL ASSETS:1,2781,2301,1611,105934891962
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities184195261247174123119
Accounts payable117107110128955857
Accrued liabilities424712372373636
Employee-related liabilities25412846422925
Taxes payable    0 0
Debt2411181
Accrued environmental loss contingencies8667221
Other undisclosed current liabilities2018     
Total current liabilities:213224268255176134120
Noncurrent Liabilities
Long-term debt and lease obligation, including:141102104106144184228
Finance lease, liability 6 
Operating lease, liability124125 
Other undisclosed long-term debt and lease obligation17(29)104106144184228
Liabilities, other than long-term debt110996274767276
Deferred tax liabilities, net12191719
Deferred income tax liabilities4238 
Accrued environmental loss contingencies47474647464446
Other liabilities21131615101111
Other undisclosed noncurrent liabilities12412525    
Total noncurrent liabilities:376326191180220256303
Total liabilities:589549459435396390424
Stockholders' equity
Stockholders' equity attributable to parent, including:685677697666534498535
Additional paid in capital35373437383126
Accumulated other comprehensive loss(37)(37)(39)(37)(35)(40)(39)
Retained earnings659650675640504480520
Other undisclosed stockholders' equity attributable to parent27272727272727
Stockholders' equity attributable to noncontrolling interest4444444
Total stockholders' equity:689680701670537501539
TOTAL LIABILITIES AND EQUITY:1,2781,2301,1611,105934891962

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

11/30/2020
TTM
8/31/2020
8/31/2019
8/31/2018
8/31/2017
8/31/2016
8/31/2015
Revenues1,7991,7122,1332,3651,6881,3531,915
Revenue, net1,6881,3531,915
Cost of revenue(1,559)(1,504)(1,859)(2,010)(1,465)(1,176)(1,746)
Cost of goods and services sold(1,559)(1,504)(1,859)(0)(1,465)(1,176)(1,746)
Gross profit:240209274354223177170
Operating expenses(191)(188)(191)(209)(172)(158)(355)
Other undisclosed operating income (loss)(11)(14)145(27)(11)
Operating income (loss):3878414956(8)(196)
Nonoperating income (expense)(0)(0)12117
Foreign currency transaction gain, before tax      3
Other nonoperating income (expense)(0)(0)12114
Interest and debt expense(9)(9)(8)(9)(8)(9)(9)
Income (loss) from continuing operations before equity method investments, income taxes:28(2)7614249(16)(197)
Income from equity method investments      1
Other undisclosed loss from continuing operations before income taxes      (4)
Income (loss) from continuing operations before income taxes:28(2)7614249(16)(200)
Income tax expense (benefit)(8)(0)(18)18(1)(1)13
Income (loss) from continuing operations:20(2)5915947(16)(188)
Income (loss) from discontinued operations(0)(0)(0)0(0)(1)(7)
Net income (loss):19(2)5816047(18)(195)
Net loss attributable to noncontrolling interest(2)(2)(2)(3)(2)(2)(2)
Net income (loss) available to common stockholders, diluted:17(4)5615645(19)(197)

Comprehensive Income ($ in millions)

11/30/2020
TTM
8/31/2020
8/31/2019
8/31/2018
8/31/2017
8/31/2016
8/31/2015
Net income (loss):19(2)5816047(18)(195)
Other comprehensive income (loss)22(2)(2)5(2)(26)
Comprehensive income (loss):21(0)5715852(19)(221)
Comprehensive loss, net of tax, attributable to noncontrolling interest(2)(2)(2)(3)(2)(2)(2)
Comprehensive income (loss), net of tax, attributable to parent:19(2)5515549(21)(223)

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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