Domtar Corporation (UFS) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
234 KINGSLEY PARK DRIVE FORT MILL, SC 29715 |
| State of Incorp. | SC |
| Fiscal Year End | December 31 |
| Industry (SIC) | 2621 - Paper Mills (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 371,000 | 286,000 | 309,000 | 61,000 | 111,000 | 139,000 | |||
| Cash and cash equivalents | 371,000 | 286,000 | 309,000 | 61,000 | 111,000 | 139,000 | |||
| Receivables | 566,000 | 522,000 | 434,000 | 638,000 | 692,000 | 728,000 | |||
| Inventory, net of allowances, customer advances and progress billings | 685,000 | 663,000 | 630,000 | 786,000 | 762,000 | 757,000 | |||
| Inventory | 685,000 | 663,000 | 630,000 | 786,000 | 762,000 | 757,000 | |||
| Prepaid expense | 24,000 | 44,000 | 50,000 | 33,000 | 24,000 | 33,000 | |||
| Disposal group, including discontinued operation | 287,000 | 1,133,000 | |||||||
| Other current assets | |||||||||
| Total current assets: | 1,646,000 | 1,802,000 | 2,556,000 | 1,518,000 | 1,589,000 | 1,657,000 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 42,000 | 48,000 | 59,000 | 81,000 | ✕ | ✕ | |||
| Property, plant and equipment | 2,762,000 | 2,524,000 | 2,023,000 | 2,567,000 | 2,605,000 | 2,765,000 | |||
| Intangible assets, net (including goodwill) | 23,000 | 207,000 | 29,000 | 573,000 | 597,000 | 633,000 | |||
| Intangible assets, net (excluding goodwill) | 23,000 | 207,000 | 29,000 | 573,000 | 597,000 | 633,000 | |||
| Deferred income tax assets | ✕ | ✕ | |||||||
| Other noncurrent assets | 251,000 | 273,000 | 189,000 | 164,000 | 134,000 | 157,000 | |||
| Total noncurrent assets: | 3,078,000 | 3,052,000 | 2,300,000 | 3,385,000 | 3,336,000 | 3,555,000 | |||
| TOTAL ASSETS: | 4,724,000 | 4,854,000 | 4,856,000 | 4,903,000 | 4,925,000 | 5,212,000 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 546,000 | 439,000 | 408,000 | 619,000 | 666,000 | 623,000 | |||
| Interest and dividends payable | ✕ | ✕ | 16,000 | 42,000 | 43,000 | 42,000 | |||
| Taxes payable | ✕ | ✕ | 11,000 | 15,000 | 23,000 | 25,000 | 24,000 | ||
| Employee-related liabilities | ✕ | ✕ | 131,000 | 104,000 | 118,000 | 173,000 | 164,000 | ||
| Accounts payable | 367,000 | 297,000 | 273,000 | 436,000 | 425,000 | 393,000 | |||
| Accrued liabilities | 179,000 | ||||||||
| Debt | 50,000 | 259,000 | 13,000 | 10,000 | 1,000 | 1,000 | |||
| Deferred compensation liability | 5,000 | 7,000 | 6,000 | 6,000 | |||||
| Derivative instruments and hedges, liabilities | 3,000 | 11,000 | 21,000 | 7,000 | |||||
| Restructuring reserve | 22,000 | 14,000 | 6,000 | 7,000 | |||||
| Accrued environmental loss contingencies | 8,000 | ||||||||
| Asset retirement obligation | 10,000 | 8,000 | 10,000 | 13,000 | |||||
| Disposal group, including discontinued operation | 63,000 | 295,000 | |||||||
| Other undisclosed current liabilities | 131,000 | 134,000 | 71,000 | 97,000 | 73,000 | 84,000 | |||
| Total current liabilities: | 735,000 | 895,000 | 827,000 | 766,000 | 783,000 | 741,000 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 1,503,000 | 1,643,000 | 1,084,000 | 938,000 | 853,000 | 1,129,000 | |||
| Finance lease, liability | 3,000 | 3,000 | 9,000 | 9,000 | ✕ | ✕ | |||
| Other undisclosed long-term debt and lease obligation | 1,500,000 | 1,604,000 | 1,025,000 | 860,000 | 853,000 | 1,129,000 | |||
| Liabilities, other than long-term debt | 231,000 | 216,000 | 314,000 | 275,000 | 719,000 | 822,000 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | 444,000 | 454,000 | ||
| Liability, pension and other postretirement and postemployment benefits | |||||||||
| Accrued environmental loss contingencies | 32,000 | ||||||||
| Other liabilities | 172,000 | 216,000 | 314,000 | 275,000 | 275,000 | 368,000 | |||
| Operating lease, liability | 27,000 | 36,000 | 50,000 | 69,000 | ✕ | ✕ | |||
| Business combination, contingent consideration, liability | |||||||||
| Total noncurrent liabilities: | 1,734,000 | 1,859,000 | 1,398,000 | 1,213,000 | 1,572,000 | 1,951,000 | |||
| Total liabilities: | 2,469,000 | 2,754,000 | 2,225,000 | 1,979,000 | 2,355,000 | 2,692,000 | |||
| Equity | |||||||||
| Equity, attributable to parent | 1,786,000 | 1,539,000 | 2,260,000 | 2,376,000 | 2,538,000 | 2,483,000 | |||
| Common stock | 1,000 | 1,000 | 1,000 | 1,000 | |||||
| Additional paid in capital | 1,555,000 | 1,555,000 | 1,717,000 | 1,770,000 | 1,981,000 | 1,969,000 | |||
| Accumulated other comprehensive income (loss) | (68,000) | 24,000 | (304,000) | (393,000) | (467,000) | (336,000) | |||
| Retained earnings (accumulated deficit) | 299,000 | (40,000) | 846,000 | 998,000 | 1,023,000 | 849,000 | |||
| Total equity: | 1,786,000 | 1,539,000 | 2,260,000 | 2,376,000 | 2,538,000 | 2,483,000 | |||
| Other undisclosed liabilities and equity | 469,000 | 561,000 | 371,000 | 548,000 | 32,000 | 37,000 | |||
| TOTAL LIABILITIES AND EQUITY: | 4,724,000 | 4,854,000 | 4,856,000 | 4,903,000 | 4,925,000 | 5,212,000 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 4,577,000 | 300,000 | 3,652,000 | 5,220,000 | 5,455,000 | 5,157,000 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 5,157,000 | |
| Cost of revenue | (3,341,000) | (4,523,000) | (4,593,000) | (4,438,000) | ||||
| Cost of goods and services sold | (3,125,000) | (4,225,000) | (4,000) | |||||
| Other undisclosed gross profit | ||||||||
| Gross profit: | 4,577,000 | 300,000 | 311,000 | 697,000 | 862,000 | 719,000 | ||
| Operating expenses | (34,000) | (488,000) | (534,000) | (476,000) | (1,036,000) | |||
| Other operating income (expense), net | 7,000 | (5,000) | 14,000 | |||||
| Other undisclosed operating income (loss) | (7,000) | 5,000 | (14,000) | |||||
| Operating income (loss): | 4,577,000 | 266,000 | (177,000) | 163,000 | 386,000 | (317,000) | ||
| Nonoperating income (expense) (Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component) | (17,000) | |||||||
| Interest and debt expense | (90,000) | (9,000) | (52,000) | (45,000) | (56,000) | (66,000) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 28,000 | (30,000) | 12,000 | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 4,487,000 | 257,000 | (218,000) | 88,000 | 342,000 | (383,000) | ||
| Loss from equity method investments | (3,000) | (2,000) | (2,000) | |||||
| Other undisclosed loss from continuing operations before income taxes | (4,065,000) | (264,000) | ||||||
| Income (loss) from continuing operations before income taxes: | 422,000 | (7,000) | (221,000) | 86,000 | 340,000 | (383,000) | ||
| Income tax expense (benefit) | (101,000) | 2,000 | 76,000 | (2,000) | (57,000) | 125,000 | ||
| Income (loss) from continuing operations: | 321,000 | (5,000) | (145,000) | 84,000 | 283,000 | (258,000) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | (2,000) | (127,000) | 84,000 | 283,000 | (258,000) | |
| Income from discontinued operations | 18,000 | 3,000 | 18,000 | |||||
| Other undisclosed net loss | (2,000) | |||||||
| Net income (loss): | 339,000 | (4,000) | (127,000) | 84,000 | 283,000 | (258,000) | ||
| Other undisclosed net loss attributable to parent | (19,000) | |||||||
| Net income (loss) available to common stockholders, diluted: | 339,000 | (23,000) | (127,000) | 84,000 | 283,000 | (258,000) | ||
Comprehensive Income ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 339,000 | (4,000) | (127,000) | 84,000 | 283,000 | (258,000) | ||
| Other comprehensive income (loss) | 4,000 | (5,000) | 89,000 | 74,000 | (131,000) | 163,000 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 343,000 | (9,000) | (38,000) | 158,000 | 152,000 | (95,000) | ||
Statements Sources
The financial statements are based on the Company's filings with 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.