Rayonier advanced materials inc. (RYAM)
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'14Sep'13Jun'13
Net Sales

409,808

430,387

416,129

487,816

441,060

391,984

501,298

541,720

521,992

328,058

209,717

201,226

201,415

230,873

206,540

213,589

217,729

241,554

257,590

220,892

221,348

247,964

253,695

212,531

243,499

225,523

254,189

Cost of Sales

399,347

425,915

399,510

462,369

433,441

364,964

419,001

440,242

441,640

291,091

177,597

166,929

164,046

184,299

155,997

164,786

177,491

191,162

187,421

175,871

184,476

187,000

198,006

160,217

188,719

158,147

169,838

Gross Margin

10,461

4,472

16,619

25,447

7,619

27,020

82,297

101,478

80,352

36,967

32,120

34,297

37,369

46,574

50,543

48,803

40,238

50,392

70,169

45,021

36,872

60,964

55,689

52,314

54,780

67,376

84,351

Selling, general and administrative expenses

20,247

17,181

23,416

20,903

28,144

26,467

30,596

24,734

23,192

39,421

12,475

18,301

9,363

10,917

9,606

9,256

7,378

13,999

11,596

9,771

12,296

13,240

9,493

9,010

8,226

8,144

9,141

Duties

6,451

6,571

4,542

7,004

4,517

5,242

816

11,536

8,327

939

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign Currency Transaction Gain (Loss), before Tax

5,797

-

-

-

-888

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other operating income (expense), net

-1,568

-20,268

2,775

-5,835

-1,669

-2,915

-7,945

1,014

-2,576

2,048

-871

-1,526

-925

-4,266

500

-978

-940

-7,363

-611

-26,665

-630

-76,021

-4,518

-37,094

-3,190

144

-3,564

Operating Income (Loss)

-12,008

-38,660

-8,564

-8,295

-27,599

-7,604

42,940

66,222

46,257

-1,345

18,774

14,470

27,081

31,391

41,437

38,569

31,920

29,030

57,962

8,585

23,946

-28,297

41,678

6,210

43,364

59,376

71,646

Interest expense

15,225

16,485

14,580

15,600

13,602

11,929

13,831

15,169

14,994

12,593

9,337

9,209

8,828

8,962

8,727

8,267

8,671

9,284

8,962

9,299

9,324

9,684

9,469

3,225

0

0

0

Interest income and other, net

423

-3,363

3,439

-750

650

6

-394

4,565

842

230

987

654

481

441

180

115

1

75

56

50

29

-44

-57

-5

0

292

0

Other components of pension and OPEB, excluding service costs

-353

8,276

-846

-1,177

-1,378

-1,886

-2,066

-2,199

-2,194

-309

1,117

1,116

1,116

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on bargain purchase (Note 4)

-

-

0

0

-

-

6,175

14,661

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on derivative instrument

-

-

-

-

-

-

-

-

-

-

14,087

2,062

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

Gain on debt extinguishment

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

8,844

0

0

0

0

-

-

-

-

-

-

Income (Loss) From Continuing Operations Before Income Taxes

-26,457

-66,784

-18,859

-23,468

-39,173

-17,242

36,956

72,478

34,299

294,787

23,394

6,861

17,618

17,200

32,890

30,417

32,094

19,821

49,056

-664

14,651

-38,025

32,152

2,980

43,364

59,668

71,646

Income tax benefit (expense) (Note 16)

-1,622

-5,433

-4,506

-8,551

-11,186

-8,882

6,989

19,089

9,844

1,247

7,722

2,288

7,976

5,714

11,323

11,077

11,201

7,064

16,765

-352

4,130

-14,764

12,744

-1,581

12,417

19,702

22,648

Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent

-24,835

-

-14,353

-

-27,987

-

29,967

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent

708

-

137

-

5,937

-

7,969

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Parent

-24,127

28,733

-14,216

-14,917

-22,050

12,636

37,936

53,389

24,455

295,077

15,672

4,573

9,642

11,486

21,567

19,340

20,893

12,757

32,291

-312

10,521

-23,261

19,408

4,561

30,947

39,966

48,998

Preferred Stock Dividends, Income Statement Impact

0

-1

1,777

3,441

3,365

3,516

3,441

3,440

3,403

3,742

3,441

3,441

3,176

3,698

1,706

0

0

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Available to Common Stockholders

-24,127

28,734

-15,993

-18,358

-25,415

9,120

34,495

49,949

21,052

291,335

12,231

1,132

6,466

7,788

19,861

19,340

20,893

-

-

-

-

-

-

-

-

-

-

Earnings Per Share, Basic [Abstract]
Income (loss) from continuing operations (in dollars per share)

-0.39

-

-0.29

-

-0.64

-

0.52

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share

0.01

-

0.00

-

0.12

-

0.16

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income per common share-basic (in dollars per share)

-0.38

0.61

-0.29

-0.37

-0.52

0.21

0.68

0.97

0.41

6.70

0.29

0.03

0.15

0.19

0.46

0.46

0.50

0.30

0.77

-0.01

0.25

-0.55

0.46

0.11

0.73

0.95

1.16

Earnings Per Share, Diluted [Abstract]
Income (Loss) from Continuing Operations, Per Diluted Share

-0.39

-

-0.29

-

-0.64

-

0.47

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share

0.01

-

0.00

-

0.12

-

0.13

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income per common share-diluted (in dollars per share)

-0.38

0.61

-0.29

-0.37

-0.52

0.15

0.60

0.83

0.38

5.35

0.28

0.03

0.15

0.16

0.44

0.46

0.49

0.30

0.76

-0.01

0.25

-0.55

0.46

0.11

0.73

0.95

1.16

Dividends Declared Per Common Share (in dollars per share)

-

-

-

-

-

-

-

-

-

-

0.07

0.07

0.07

-

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.00

0.00

0.00

-

Comprehensive Income (Loss):
Net Income (Loss) Attributable to Parent

-24,127

28,733

-14,216

-14,917

-22,050

12,636

37,936

53,389

24,455

295,077

15,672

4,573

9,642

11,486

21,567

19,340

20,893

12,757

32,291

-312

10,521

-23,261

19,408

4,561

30,947

39,966

48,998

Other Comprehensive Income (Loss), net of tax (Note 11):
Foreign currency translation adjustments

-6,471

7,510

-11,210

3,658

-5,352

-3,088

-2,014

-16,000

7,749

4,868

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized gain (loss) on derivative instruments

-20,660

4,930

-3,283

3,393

7,872

-11,305

6,126

-8,334

1,272

619

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain from pension and postretirement plans

-6,573

-2,831

-2,365

-1,865

-1,891

38,720

-2,398

-2,398

-2,397

-22,349

-2,032

-2,031

-2,030

6,341

-1,974

-1,990

-1,917

13,232

-2,352

-2,396

-2,308

27,455

-4,834

6,535

-830

-1,280

-1,360

Total other comprehensive income (loss)

-20,558

15,271

-12,128

8,916

4,411

-53,113

6,510

-21,936

11,418

27,836

2,032

2,031

2,030

-6,341

1,974

1,990

1,917

-13,232

2,352

2,396

2,308

-27,455

4,834

-6,535

830

1,280

1,360

Comprehensive Income

-44,685

44,004

-26,344

-6,001

-17,639

-40,477

44,446

31,453

35,873

322,913

17,704

6,604

11,672

5,145

23,541

21,330

22,810

-475

34,643

2,084

12,829

-50,716

24,242

-1,974

31,777

41,246

50,358