MERCER INTERNATIONAL INC. MERC Balance Sheet

Mercer international inc. (MERC)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Dec'12
ASSETS
Current assets
Cash and cash equivalents
286	351	264	257	233	240	242	269	213	143	157	142	183	136	141	112	129	99	137	90	99	53	239	241	172	147	137
Restricted cash to redeem senior notes (Note 8(a))
-	-	-	-	-	-	0	0	0	317	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted cash (Note 14)
-	-	-	-	-	-	-	-	-	-	2	2	4	4	7	7	9	9	9	9	9	10	-	-	-	0	-
Accounts receivable, net
221	208	228	273	308	252	193	190	212	206	181	177	134	123	130	125	137	134	139	152	135	141	139	134	149	135	145
Inventories
269	272	269	286	282	303	229	189	185	176	164	145	125	133	143	134	133	141	139	141	136	146	154	165	149	170	155
Prepaid expenses and other
10	12	20	20	19	13	12	12	15	8	8	7	4	3	5	5	5	4	7	5	4	6	10	10	17	10	10
Deferred income tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19	17	17	-	10	7	6	6	5
Total current assets
788	844	783	837	843	810	678	661	627	852	513	474	452	401	429	385	415	388	453	417	402	357	554	557	495	471	454
Property, plant and equipment, net
1,020	1,074	1,009	1,031	1,021	1,029	834	836	851	844	844	823	734	738	779	767	791	762	783	800	779	883	923	1,006	1,014	1,038	1,066
Investment in joint ventures
48	53	55	57	56	62	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortizable intangible assets, net
48	53	53	55	55	53	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease right-of-use assets
11	13	13	14	14	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term assets
32	26	32	31	19	17	-	-	-	-	26	26	7	7	7	8	9	8	-	-	-	8	-	-	-	-	-
Deferred income tax
1	1	2	1	1	1	4	1	1	1	1	4	7	10	16	18	21	23	14	28	29	56	49	23	16	17	23
Intangible and other assets
-	-	-	-	-	-	24	23	26	26	-	-	-	-	-	-	-	-	21	21	22	-	20	20	20	20	16
Total noncurrent assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	993	1,050	1,051	1,076	1,105
Total assets
1,951	2,065	1,949	2,029	2,013	1,975	1,541	1,522	1,507	1,724	1,385	1,328	1,201	1,158	1,233	1,180	1,238	1,182	1,272	1,267	1,233	1,306	1,547	1,608	1,546	1,548	1,560
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Accounts payable and other
184	255	203	222	211	194	173	187	150	133	142	141	97	92	118	103	122	103	127	110	119	102	111	115	120	118	118
Dividends payable (Note 9)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7	-	-	0	-	-	-	-	-
Pension and other post-retirement benefit obligations
0	0	0	0	0	0	0	0	0	0	1	1	1	1	1	1	1	0	1	1	1	1	1	1	1	1	1
Senior notes to be redeemed with restricted cash (Note 8(a))
-	-	-	-	-	-	0	0	0	295	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt (Note 6)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	10	12	32	62	62	60	60
Total current liabilities
185	256	204	223	212	195	174	188	151	430	143	142	98	93	119	104	123	104	136	111	131	115	144	179	184	180	179
Debt
1,136	1,087	984	983	1,007	1,041	696	699	684	662	669	667	638	617	624	616	615	638	670	682	673	661	815	882	885	919	877
Interest rate derivative liability (Note 13)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	2	7	6	11	11	16	17	34	40	43	31	66
Pension and other post-retirement benefit obligations
23	25	26	26	26	25	22	21	21	21	26	25	24	25	26	26	26	25	29	32	31	34	32	35	34	35	42
Finance lease liabilities
37	31	21	23	23	24	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21	19	19	19	18
Operating lease liabilities
9	10	10	11	12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term liabilities
13	14	13	14	14	13	36	37	27	27	27	27	26	26	22	11	12	12	13	13	13	15	-	-	-	-	-
Deferred income tax
84	89	97	100	96	93	41	36	38	31	21	19	17	17	18	17	15	13	18	26	25	22	24	26	16	14	7
Total long-term liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	928	1,004	999	1,019	1,012
Total liabilities
1,489	1,515	1,358	1,383	1,392	1,394	971	983	922	1,174	887	883	806	779	814	780	800	799	879	877	892	867	1,072	1,183	1,184	1,200	1,192
Shareholders’ equity
Common shares $1 par value; 200,000,000 authorized; 65,800,000 issued and outstanding (2019 – 65,629,000)
65	65	65	65	65	65	65	65	65	64	64	64	64	64	64	64	64	64	388	388	388	64	386	386	329	328	327
Additional paid-in capital
344	344	343	342	341	342	341	340	338	338	337	336	335	333	331	330	329	329	-	-	-	326	-	-	-	-	-
Paid In Capital
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	3	3	-	4	-15	-12	-11	-4
Retained earnings
243	256	338	345	345	301	265	232	223	205	172	158	168	166	155	150	162	160	146	130	113	100	97	32	31	10	37
Accumulated other comprehensive loss
-191	-116	-156	-107	-131	-128	-101	-99	-42	-59	-76	-115	-173	-185	-131	-145	-118	-171	-146	-132	-164	-52	-12	28	22	31	28
Total shareholders’ equity
462	550	591	646	620	581	569	538	584	550	498	445	395	379	419	400	437	382	392	389	341	438	475	432	370	359	389
Noncontrolling interest (deficit) (Note 15)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-6	-8	-10	-21
Total equity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	475	425	362	348	367
Total liabilities and shareholders’ equity
1,951	2,065	1,949	2,029	2,013	1,975	1,541	1,522	1,507	1,724	1,385	1,328	1,201	1,158	1,233	1,180	1,238	1,182	1,272	1,267	1,233	1,306	1,547	1,608	1,546	1,548	1,560
Commitments and contingencies (Note 13)
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0