DOMTAR CORP UFS Income Statement

Domtar corp (UFS)

Income statement / 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	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Sales
5,122	5,220	5,366	5,450	5,486	5,455	5,400	5,323	5,191	5,148	5,079	5,059	5,105	5,090	5,138	5,160	5,203	5,264	5,329	5,442	5,517	5,563	5,543	5,513	5,440	5,391	5,359	5,373	5,429	5,482	5,524	5,552	5,587	5,612	5,616	5,672	5,816	5,850	5,917	5,763	0	0	0
Operating expenses
Cost of sales, excluding depreciation and amortization
4,256	4,225	4,236	4,254	4,271	4,303	4,318	4,275	4,150	4,145	4,085	4,038	4,080	4,051	4,039	4,096	4,135	4,147	4,220	4,299	4,355	4,396	4,397	4,408	4,382	4,361	4,338	4,322	4,315	4,321	4,302	4,257	4,238	4,171	4,152	4,145	4,296	4,417	4,521	4,589	0	0	0
Depreciation and amortization
292	293	294	297	302	308	315	320	320	321	324	331	339	348	352	354	358	359	363	370	375	384	386	383	380	376	377	380	383	385	384	381	380	376	376	380	386	395	401	408	0	0	0
Selling, general and administrative
413	434	422	443	456	443	458	459	448	444	433	424	421	418	414	402	397	394	397	401	402	416	413	409	404	381	371	356	350	358	355	350	349	340	347	363	344	338	329	324	0	0	0
Impairment of long-lived assets (NOTE 11)
-	58	0	0	0	-	-	-	-	-	-	-	-	29	49	64	79	77	0	0	0	-	-	-	-	22	27	27	22	14	14	22	84	85	73	79	31	50	50	0	0	-	0
Closure and restructuring costs (NOTE 11)
-	42	0	0	0	-	-	-	-	-	-	-	-	32	34	25	5	4	28	29	28	28	3	1	19	18	45	47	29	30	41	40	42	52	15	15	18	27	30	35	0	0	0
Other operating loss (income), net (NOTE 6)
-8	-5	0	0	0	-	11	22	18	14	6	-1	1	-4	-7	-7	6	5	20	37	22	29	34	-5	-52	-72	-90	-70	-23	-7	-13	-9	-12	-4	35	47	-3	20	157	275	0	0	0
Operating expenses
5,055	5,057	5,055	5,054	5,062	5,069	5,660	5,612	5,480	5,476	4,835	4,808	4,877	4,882	4,895	4,948	4,968	4,976	5,049	5,103	5,161	5,199	5,172	5,213	5,249	5,230	5,248	5,202	5,122	5,115	5,101	5,051	5,097	5,020	4,968	4,975	5,118	5,247	2,884	467	0	0	0
Operating income
67	163	311	396	424	386	-260	-289	-289	-328	244	251	228	208	243	212	235	288	280	339	356	364	371	300	191	161	111	171	307	367	423	501	490	592	648	697	698	603	743	646	0	0	0
Interest expense, net
-53	-52	-53	-56	-59	-62	-63	-64	-65	-66	-67	-68	-66	-66	-66	-113	-123	-132	-192	-153	-154	-103	-182	-136	-89	-89	89	88	85	131	129	134	137	87	96	95	144	155	160	159	0	0	0
Non-service components of net periodic benefit cost (NOTE 5)
-22	-23	12	14	17	18	14	14	11	11	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before income taxes and equity loss
-8	88	270	354	382	342	-309	-339	-343	-383	202	204	181	157	177	99	112	156	138	236	252	261	273	206	102	72	22	83	222	236	294	367	353	505	552	602	554	448	583	487	0	0	0
Income tax expense (NOTE 7)
-19	2	63	67	70	57	-120	-120	-119	-125	27	40	37	29	39	9	2	14	-18	-190	-176	-170	-152	35	17	-20	-25	-4	28	58	68	91	84	133	-77	-101	-126	-157	120	167	0	0	0
Equity loss, net of taxes
-2	-2	-2	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	-2	-3	-5	-6	0	0	0	-	-	-	0	-	-	-	-	-	-
Net earnings
9	84	205	284	309	283	-190	-219	-224	-258	175	164	144	128	138	90	110	142	156	426	428	431	425	171	85	91	45	84	189	172	214	265	260	365	629	703	680	605	463	320	0	0	0
Per common share (in dollars) (NOTE 4)
Basic
0.09	-0.52	0.33	0.29	1.27	1.39	1.57	0.68	0.86	-6.16	1.12	0.61	0.32	0.75	0.94	0.29	0.06	0.91	0.17	0.60	0.56	1.09	4.34	0.62	0.60	0.36	0.41	-0.69	1.29	-1.84	1.85	1.62	0.76	1.72	2.96	1.31	3.16	7.60	4.47	0.72	1.35	4.26	-
Diluted
0.09	-0.50	0.32	0.28	1.27	1.37	1.57	0.68	0.86	-6.15	1.11	0.61	0.32	0.75	0.94	0.29	0.06	0.91	0.17	0.60	0.56	1.10	4.33	0.61	0.60	0.35	0.41	-0.69	1.29	-1.82	1.84	1.61	0.76	1.69	2.95	1.30	3.14	7.51	4.44	0.71	1.34	4.24	-
Weighted average number of common shares outstanding (millions)
Basic
56	57	61	63	63	63	62	62	62	62	62	62	62	62	62	62	62	62	62	63	63	64	64	65	64	99	65	66	34	179	35	36	36	36	39	41	42	42	42	43	43	43	43
Diluted
56	57	61	63	63	63	63	63	62	62	62	62	62	62	62	62	62	63	63	63	63	64	64	65	65	99	65	66	34	179	35	36	37	37	39	41	42	43	43	43	43	43	43
Cash dividends per common share
0.46	0.44	0.46	0.44	0.44	0.42	0.44	0.44	0.42	0.40	0.42	0.42	0.42	0.41	0.42	0.40	0.40	0.40	0.40	0.40	0.37	0.46	0.28	0.28	0.27	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net earnings
9	84	205	284	309	283	-190	-219	-224	-258	187	135	0	-	0	0	-	-	-	-	-	-	425	171	85	91	45	84	189	172	214	265	260	365	629	703	680	605	463	320	0	0	0
Net derivative (losses) gains on cash flow hedges:
Net (losses) gains arising during the period, net of tax of $16 (2019 – $(4))
-49	11	-16	0	-10	-30	0	-5	0	-	0	0	-	27	17	4	-3	-41	-53	-44	-38	-23	-9	3	-14	-10	0	0	0	-	0	-	-	-13	0	0	0	-	-	-	-	-	-
Less: Reclassification adjustment for losses included in net earnings, net of tax of $(2) (2019 – nil)
-14	-8	-5	-2	-1	2	5	7	8	9	6	3	-3	-14	-22	-28	-29	-26	-21	-16	-11	-8	-7	-7	-6	-5	-10	-10	-12	-8	-2	-2	0	-	0	0	-	-	-	-	-	-	-
Foreign currency translation adjustments
-55	21	-54	-8	-78	-91	-45	3	120	146	74	20	-77	-7	20	-44	29	-223	-252	-312	-331	-200	-159	-8	-65	-56	2	16	15	23	-135	-93	-68	-25	0	0	0	-	-	-	-	-	-
Change in unrecognized gains and prior service cost related to pension and post-retirement benefit plans, net of tax of $(1) (2019 – $(1))
-32	-34	7	7	7	8	-19	-19	-20	-20	30	30	31	32	-5	-4	-4	-5	-13	-11	-12	-12	-89	-108	-121	-124	-34	0	0	-	0	-	-	-	-	0	-	-	-	-	-	-	-
Other comprehensive (loss) income
-58	74	-72	-13	-94	-131	-45	3	129	163	53	-13	-98	2	64	-8	59	-233	-271	-329	-346	-203	-72	110	48	63	-85	-90	-96	-54	-67	0	0	-	0	-	-	-	-	-	-	-	-
Comprehensive (loss) income
-49	158	133	271	215	152	-235	-216	-95	-95	228	151	46	130	202	82	169	-91	-115	97	82	228	353	281	133	154	-40	-6	93	118	245	139	190	301	0	0	0	-	-	-	-	-	-