RFP · Resolute Forest Products Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Revenue | $3.66B | $2.80B | $2.92B | $3.54B | - | - |
| Cost of Revenue | - | - | - | $440.00M | - | - |
| Gross Profit | - | - | - | $3.10B | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $158.00M | $136.00M | $136.00M | $165.00M | $172.00M | $149.00M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $158.00M | $163.00M | $199.00M | - | - | - |
| Operating Income | $584.00M | $99.00M | $17.00M | $379.00M | $49.00M | ($26.00M) |
| Interest Expense | $21.00M | $34.00M | $31.00M | $47.00M | $49.00M | $38.00M |
| Income Tax | $195.00M | $51.00M | $58.00M | $152.00M | $84.00M | $19.00M |
| Net Income | $307.00M | $10.00M | ($47.00M) | $235.00M | ($84.00M) | ($81.00M) |
| EPS - Basic | $3.87 | $0.12 | ($0.51) | $2.57 | ($0.93) | ($0.90) |
| EPS - Diluted | $3.83 | $0.12 | ($0.51) | $2.52 | ($0.93) | ($0.90) |
Balance Sheet
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $112.00M | $113.00M | $3.00M | $304.00M | $6.00M | $35.00M |
| Accounts Receivable | $257.00M | $230.00M | $273.00M | $347.00M | $399.00M | $358.00M |
| Inventory | $510.00M | $462.00M | $522.00M | $508.00M | $526.00M | $570.00M |
| Accounts Payable | $262.00M | $251.00M | $255.00M | $299.00M | $306.00M | $346.00M |
| Current Assets | $989.00M | $900.00M | $907.00M | $1.30B | $1.04B | $1.08B |
| Total Assets | $3.54B | $3.73B | $3.63B | $3.94B | $4.15B | $4.28B |
| Current Liabilities | $431.00M | $380.00M | $351.00M | $650.00M | $421.00M | $467.00M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $2.02B | $2.65B | $2.39B | $2.40B | $2.55B | $2.57B |
| Stockholders' Equity | $1.51B | $1.08B | $1.23B | $1.53B | $1.60B | $1.69B |
| Retained Earnings | ($1.01B) | ($1.24B) | ($1.25B) | ($1.20B) | ($1.29B) | ($1.21B) |
Cash Flow
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $648.00M | $334.00M | $85.00M | $435.00M | $158.00M | $81.00M |
| Investing Cash Flow | ($262.00M) | ($297.00M) | ($162.00M) | $146.00M | ($192.00M) | ($273.00M) |
| Financing Cash Flow | ($392.00M) | $78.00M | ($228.00M) | ($281.00M) | $3.00M | $169.00M |
| CapEx | $112.00M | $78.00M | $113.00M | $155.00M | $164.00M | $249.00M |
| Free Cash Flow | $536.00M | $256.00M | ($28.00M) | $280.00M | ($6.00M) | ($168.00M) |
Ratios
| Metric | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | 87.6% | - | - |
| Operating margin | 15.9% | 3.5% | 0.6% | 10.7% | - | - |
| EBITDA margin | 20.3% | 9.4% | 7.4% | - | - | - |
| Net margin | 8.4% | 0.4% | -1.6% | 6.6% | - | - |
| Free cash flow margin | 14.6% | 9.1% | -1.0% | 7.9% | - | - |
| FCF / Net income | 1.75 | 25.60 | 0.60 | 1.19 | 0.07 | 2.07 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 4.3% | 4.9% | 4.7% | 4.7% | - | - |
| Effective tax rate | 38.8% | 83.6% | 527.3% | 39.3% | - | - |
| Return on assets | 8.7% | 0.3% | -1.3% | 6.0% | -2.0% | -1.9% |
| Return on equity | 20.3% | 0.9% | -3.8% | 15.3% | -5.3% | -4.8% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 2.29 | 2.37 | 2.58 | 2.01 | 2.48 | 2.31 |
| Quick ratio | 1.11 | 1.15 | 1.10 | 1.22 | 1.23 | 1.09 |
| Cash ratio | 0.26 | 0.30 | 0.01 | 0.47 | 0.01 | 0.07 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | 27.8x | 2.9x | 0.5x | 8.1x | 1.0x | -0.7x |
| Equity multiplier | 2.34 | 3.45 | 2.94 | 2.57 | 2.59 | 2.53 |
| Liabilities / Assets | 0.57 | 0.71 | 0.66 | 0.61 | 0.61 | 0.60 |
| Efficiency | ||||||
| Asset turnover | 1.04 | 0.75 | 0.81 | 0.90 | - | - |
| Inventory turnover | - | - | - | 0.87 | - | - |
| Days sales outstanding | 26d | 30d | 34d | 36d | - | - |
| Days inventory outstanding | - | - | - | 421d | - | - |
| Days payable outstanding | - | - | - | 248d | - | - |
| Cash conversion cycle | - | - | - | 209d | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 30.9% | -4.2% | -17.5% | - | - | - |
| Revenue CAGR (3y) | 1.1% | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 489.9% | 482.4% | -95.5% | 673.5% | - | 88.1% |
| Net income growth (YoY) | 2970.0% | - | - | - | -3.7% | 68.5% |
| EPS growth (YoY) | 3091.7% | - | - | - | -3.3% | 67.6% |
| EPS CAGR (3y) | 15.0% | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | 202.2% | - | - |
| FCF growth (YoY) | 109.4% | - | - | - | 96.4% | -257.4% |
| FCF CAGR (5y) | - | - | - | 23.6% | - | - |
| Book value growth (YoY) | 40.1% | -12.4% | -19.6% | -4.1% | -5.6% | -12.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Business segments
$3.66B totalWood Products$1.72B · 46.9%
Paper$972.00M · 26.5%
Market Pulp$813.00M · 22.2%
Tissue Products$161.00M · 4.4%
Geographic
$4.74B totalUS$2.59B · 54.7%
Non Us$1.07B · 22.7%
CA$764.00M · 16.1%
Other Countries$249.00M · 5.3%
MX$60.00M · 1.3%
Stability scores
Altman Z′
FY 2021 · bankruptcy risk
1.73
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2021 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Paper Mills
Comparing Resolute Forest Products Inc. against the 5 most active filers in the same SIC group.