Domtar Corporation Financials

$1.2 B

Revenue Q2, 2017

$2.8 B

Mkt cap, 16-Feb-2018
Net income (Q2, 2017)38 M
EBIT (Q2, 2017)64 M
Cash, 30-Jun-2017124 M
EV3.9 B

Financials

Market Value

Revenue/Financials

Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

5.4 b5.6 b5.3 b5.1 b

Revenue growth, %

3%(5%)(3%)

Cost of goods sold

4.4 b4.4 b4.1 b4 b

Gross profit

1 b1.2 b1.1 b1.1 b

Gross profit Margin, %

19%21%21%21%

EBIT

161 m364 m288 m223 m

EBIT margin, %

3%7%5%4%

Interest expense

89 m103 m132 m66 m

Pre tax profit

72 m261 m156 m157 m

Income tax expense

20 m(170 m)14 m29 m

Net Income

91 m431 m142 m128 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

1.4 b1.4 b1.4 b1.4 b1.3 b1.3 b1.3 b1.3 b1.3 b1.3 b1.3 b1.2 b

General and administrative expense

95 m114 m100 m99 m100 m99 m95 m103 m104 m107 m108 m111 m

Operating expense total

95 m114 m100 m99 m100 m99 m95 m103 m104 m107 m108 m111 m

EBIT

49 m79 m79 m120 m71 m62 m61 m18 m39 m92 m42 m64 m

EBIT margin, %

4%6%6%9%5%5%5%1%3%7%3%5%

Interest expense

21 m25 m26 m25 m26 m25 m64 m17 m15 m17 m17 m17 m

Pre tax profit

45 m37 m(3 m)1 m24 m25 m47 m

Income tax expense

1 m15 m13 m(186 m)9 m(1 m)(14 m)(3 m)6 m16 m5 m9 m

Net Income

27 m39 m40 m281 m36 m38 m11 m4 m18 m59 m20 m38 m

Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

655 m174 m126 m125 m

Inventories

685 m714 m766 m759 m

Current Assets

2.1 b1.7 b1.6 b1.6 b

PP&E

3.3 b3.1 b2.8 b2.8 b

Goodwill

369 m567 m539 m550 m

Total Assets

6.3 b6.2 b5.7 b5.7 b

Short-term debt

4 m169 m41 m63 m

Current Liabilities

709 m926 m788 m753 m

Long-term debt

1.5 b1.2 b1.2 b1.2 b

Total Debt

1.5 b1.4 b1.3 b1.3 b

Additional Paid-in Capital

2 b2 b2 b2 b

Retained Earnings

804 m1.1 b1.2 b1.2 b

Total Equity

2.8 b2.9 b2.7 b2.7 b

Debt to Equity Ratio

0.5 x0.5 x0.5 x0.5 x

Debt to Assets Ratio

0.2 x0.2 x0.2 x0.2 x

Financial Leverage

2.3 x2.1 x2.1 x2.1 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

191 m130 m85 m134 m183 m207 m128 m97 m111 m168 m111 m124 m

Inventories

703 m720 m728 m719 m704 m721 m751 m779 m753 m770 m722 m759 m

Current Assets

1.6 b1.7 b1.6 b1.7 b1.7 b1.7 b1.6 b1.6 b1.6 b1.6 b1.5 b1.6 b

PP&E

2.9 b2.9 b2.9 b2.8 b2.8 b

Goodwill

367 m655 m655 m628 m537 m546 m546 m551 m543 m548 m553 m569 m

Total Assets

5.9 b6.4 b6.3 b6.2 b6 b6 b5.8 b5.8 b5.8 b5.8 b5.6 b5.7 b

Short-term debt

6 m15 m7 m170 m169 m169 m42 m41 m64 m63 m64 m1 m

Current Liabilities

721 m765 m756 m919 m911 m893 m787 m778 m782 m733 m724 m656 m

Long-term debt

1.1 b1.5 b1.4 b1.2 b1.2 b1.2 b1.2 b1.2 b1.2 b1.3 b1.2 b1.2 b

Total Debt

1.1 b1.5 b1.4 b1.4 b1.3 b1.3 b1.3 b1.3 b1.3 b1.4 b1.3 b1.2 b

Additional Paid-in Capital

2 b2 b2 b2 b2 b2 b2 b2 b2 b2 b2 b2 b

Retained Earnings

756 m825 m841 m1.1 b1.2 b1.2 b1.2 b1.2 b1.2 b1.2 b1.2 b1.2 b

Total Equity

2.7 b2.8 b2.8 b2.9 b2.7 b2.8 b2.7 b2.7 b2.7 b2.8 b2.7 b2.8 b

Financial Leverage

2.2 x2.3 x2.2 x2.1 x2.2 x2.2 x2.2 x2.1 x2.1 x2.1 x2.1 x2 x

Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

91 m431 m142 m128 m

Inventories

(8 m)(29 m)(84 m)14 m

Cash From Operating Activities

411 m634 m453 m465 m

Purchases of PP&E

(242 m)(236 m)(289 m)(347 m)

Cash From Investing Activities

(469 m)(786 m)(244 m)(391 m)

Long-term Borrowings

(102 m)(4 m)(439 m)(40 m)

Dividends Paid

(67 m)(84 m)(100 m)(102 m)

Cash From Financing Activities

54 m(326 m)(249 m)(73 m)

Interest Paid

81 m92 m133 m64 m

Income Taxes Paid

5 m18 m34 m40 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

26 m39 m79 m360 m36 m74 m85 m4 m22 m81 m20 m58 m

Depreciation and Amortization

281 m99 m195 m291 m90 m181 m270 m89 m176 m263 m80 m159 m

Inventories

(19 m)(14 m)(18 m)(22 m)(12 m)(23 m)(70 m)(1 m)18 m6 m39 m10 m

Purchases of PP&E

(180 m)(45 m)(101 m)(157 m)(70 m)(136 m)(202 m)(100 m)(219 m)(302 m)(34 m)(71 m)

Long-term Borrowings

(99 m)(3 m)(4 m)(1 m)(2 m)(439 m)(1 m)(1 m)(40 m)(1 m)(63 m)

Dividends Paid

(50 m)(18 m)(36 m)(60 m)(24 m)(50 m)(75 m)(25 m)(50 m)(76 m)(26 m)(52 m)

Interest Paid

60 m22 m44 m70 m27 m48 m121 m20 m32 m50 m19 m31 m

Income Taxes Paid

(8 m)15 m

Ratios

USDY, 2017

EV/EBIT

60.2 x

Revenue/Employee

122.4 k

Financial Leverage

2 x