Mercer international inc. (MERC)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13
Revenues

350,599

331,172

383,536

425,753

483,950

412,225

331,058

346,532

367,903

337,686

305,498

283,177

242,784

221,694

237,941

218,145

253,843

237,828

270,893

266,936

257,547

282,625

301,610

285,192

305,685

282,682

269,218

274,700

261,785

Pulp

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

230,629

-

249,141

246,126

234,657

258,685

276,959

259,482

278,506

258,546

246,657

253,166

237,818

Energy and chemicals

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23,214

-

21,752

20,810

22,890

23,940

24,651

25,710

27,179

24,136

22,561

21,534

23,967

Costs and expenses
Cost of sales, excluding depreciation and amortization

276,056

346,020

314,894

336,433

343,033

276,673

230,009

271,134

254,285

233,948

228,941

230,534

172,596

150,201

180,124

173,227

196,942

165,776

197,506

205,293

184,948

198,112

222,831

230,465

236,304

238,325

220,160

244,363

217,984

Cost of sales depreciation and amortization

32,911

31,693

31,934

32,038

30,136

26,976

23,197

22,906

23,209

22,688

22,568

20,521

19,116

18,666

17,923

17,855

17,032

17,174

16,890

16,393

17,304

18,891

19,314

19,768

19,702

20,198

19,394

19,267

19,450

Gross profit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

29,664

11,070

24,351

Selling, general and administrative expenses

17,570

19,565

17,961

19,472

17,229

17,579

14,506

15,016

14,361

14,367

12,327

13,259

9,726

12,401

10,073

10,286

11,769

10,706

12,465

11,701

11,364

13,274

11,279

12,938

10,436

14,681

12,505

12,239

11,744

Restructuring expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,855

-

-

Operating income

24,062

-66,106

18,747

37,810

93,552

90,997

63,346

37,476

76,048

66,683

41,662

18,863

41,346

40,426

29,821

16,777

28,100

44,172

44,032

33,549

43,931

52,348

48,186

22,021

39,243

6,918

13,304

-1,169

12,607

Other income (expenses)
Interest expense

20,084

20,647

18,183

18,369

18,551

15,492

11,729

12,128

12,115

14,084

13,513

13,320

13,879

12,857

12,791

12,736

13,191

13,256

13,275

13,476

13,884

15,445

17,456

17,165

17,450

17,372

17,254

17,170

17,360

Loss on settlement of debt (Note 9(a))

-

-

0

0

-

0

0

0

-21,515

0

0

0

-10,696

0

0

0

-454

-

-

-

-

-

31,851

-

-

-

0

-

-

Legal cost award

-

-

0

0

-

0

0

0

6,951

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign exchange gain on intercompany debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

555

-

-20

2,198

-6,610

-8,142

3,178

118

69

-

-

-

-

Gain (loss) on derivative instruments (Note 13)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-524

2,277

3,447

2,549

3,228

3,779

2,645

6,921

6,364

Other income (expenses)

-2,026

2,907

887

1,251

1,039

-4,789

-259

-132

-237

674

-374

137

436

-3,185

5

-409

-42

-6,498

-398

68

-14

3,305

-230

36

75

169

226

8

-92

Total other expenses, net

-22,110

-22,490

-17,296

-17,118

-17,512

-25,531

-11,988

-12,260

-40,818

-13,410

-13,887

-13,183

-24,139

-16,597

-12,786

-13,145

-13,132

-14,798

-13,693

-11,210

-21,032

-43,126

14,434

-14,698

-14,216

-12,520

-14,383

-10,241

-11,088

Income before provision for income taxes

1,952

-88,596

1,451

20,692

76,040

65,466

51,358

25,216

35,230

53,273

27,775

5,680

17,207

23,829

17,035

3,632

14,968

29,374

30,339

22,339

22,899

9,222

62,620

7,323

25,027

-5,602

-1,079

-11,410

1,519

Provision for income taxes

5,344

-15,875

244

10,433

24,424

20,457

10,182

8,461

9,581

11,555

6,632

7,784

7,481

-

5,109

7,873

-

-

-

-

-

-

-

-

-

-

-

-

-

Current income tax provision (Note 6)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,753

-

2,789

3,149

3,352

2,609

1,106

1,405

122

378

1,380

275

-4,319

Deferred income tax provision (Note 6)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,446

-

3,790

2,778

5,913

3,408

-30,305

3,153

1,728

5,611

-133

540

5,464

Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,205

91,819

2,765

23,177

-11,591

-2,326

-12,225

374

Less: net income attributable to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

3,482

2,194

2,136

-1,758

640

790

935

Net income (loss)

-3,392

-72,721

1,207

10,259

51,616

45,009

41,176

16,755

25,649

41,718

21,143

-2,104

9,726

18,489

11,926

-4,241

8,769

21,696

23,760

16,412

13,634

3,205

88,337

571

21,041

-9,833

-2,966

-13,015

-561

Net income (loss) per common share
Basic and diluted

-

-

-

0.16

-

-

-

0.26

-

-

-

-0.03

0.15

-

-

-0.07

0.14

-

-

-

0.21

-

-

-

-

-

-

-0.23

-

Basic

-0.05

-

0.02

-

0.79

-

0.63

-

0.39

-

0.33

-

-

-

0.18

-

-

-

0.37

0.25

-

0.05

1.38

0.01

0.38

-

-0.05

-

-0.01

Diluted

-0.05

-

0.02

-

0.78

-

0.63

-

0.39

-

0.32

-

-

-

0.18

-

-

-

0.37

0.25

-

0.06

1.37

0.01

0.37

-

-0.05

-

-0.01

Dividends declared per common share

0.13

0.13

0.13

0.13

0.12

0.12

0.12

0.12

0.12

0.12

0.11

0.11

0.11

0.11

0.11

0.11

0.11

0.11

0.11

0.00

0.00

-

0.00

-

-

-

-

-

-