Balance Sheet Reliance, Inc.

Equities

RS

US7595091023

Iron & Steel

Delayed Nyse Other stock markets 20:49:35 20/09/2024 BST			5-day change	1st Jan Change
280.36 ^USD	-2.02%		+1.12%	+0.47%

09-19	Indian telecom carriers tussle with government over licence fees	RE
09-16	Reliance Enters Into $1.5 Billion Credit Facility	MT

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Published financial data: RELIANCE, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	10.97B	8.81B	14.09B	17.02B	14.81B
Total Revenues	10.97B	8.81B	14.09B	17.02B	14.81B
Cost of Goods Sold, Total	7.64B	6B	9.59B	11.77B	10.26B
Gross Profit	3.33B	2.81B	4.5B	5.26B	4.55B
Selling General & Admin Expenses, Total	2.1B	1.88B	2.31B	2.5B	2.56B
Depreciation & Amortization - (IS)	219M	227M	230M	240M	245M
Other Operating Expenses, Total	2.32B	2.11B	2.54B	2.74B	2.81B
Operating Income	1.01B	701M	1.97B	2.51B	1.74B
Interest Expense, Total	-85M	-62.9M	-62.7M	-62.3M	-40.1M
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-85M	-62.9M	-62.7M	-62.3M	-40.1M
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	-4.1M	-2.3M	-4M	-6.2M	-1.3M
Other Non Operating Income (Expenses)	7.2M	-200K	2.6M	-6.1M	42.6M
EBT, Excl. Unusual Items	930M	636M	1.9B	2.44B	1.74B
Restructuring Charges	-	-149M	-100K	-1.4M	-
Merger & Related Restructuring Charges	-	-	-13.7M	-8.1M	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-1.2M	-8.7M	-4.7M	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	929M	478M	1.88B	2.43B	1.74B
Income Tax Expense	223M	106M	466M	586M	401M
Earnings From Continuing Operations	706M	372M	1.42B	1.84B	1.34B
Net Income to Company	706M	372M	1.42B	1.84B	1.34B
Minority Interest	-4.6M	-3.3M	-4.4M	-4.1M	-4.2M
Net Income - (IS)	702M	369M	1.41B	1.84B	1.34B
Net Income to Common Incl Extra Items	702M	369M	1.41B	1.84B	1.34B
Net Income to Common Excl. Extra Items	702M	369M	1.41B	1.84B	1.34B
Per Share Items
Net EPS - Basic	10.49	5.74	22.35	30.39	22.9
Basic EPS - Continuing Operations	10.49	5.74	22.35	30.39	22.9
Basic Weighted Average Shares Outstanding	66.88M	64.33M	63.22M	60.56M	58.33M
Net EPS - Diluted	10.34	5.66	21.97	29.92	22.64
Diluted EPS - Continuing Operations	10.34	5.66	21.97	29.92	22.64
Diluted Weighted Average Shares Outstanding	67.86M	65.26M	64.33M	61.5M	59.02M
Normalized Basic EPS	8.63	6.13	18.73	25.11	18.58
Normalized Diluted EPS	8.5	6.04	18.41	24.73	18.36
Dividend Per Share	2.2	2.5	2.75	3.5	4
Payout Ratio	21.57	44.46	12.53	11.8	17.82
Supplemental Items
EBITDA	1.23B	929M	2.2B	2.75B	1.98B
EBITA	1.06B	741M	2B	2.56B	1.78B
EBIT	1.01B	701M	1.97B	2.51B	1.74B
EBITDAR	1.32B	1.01B	2.28B	2.85B	2.08B
Effective Tax Rate - (Ratio)	24.02	22.12	24.73	24.12	23.01
Current Domestic Taxes	174M	102M	461M	532M	351M
Current Foreign Taxes	16.5M	17M	28.6M	61.1M	33.6M
Total Current Taxes	191M	120M	490M	593M	384M
Deferred Domestic Taxes	34.1M	-6.8M	-24.2M	-5.7M	18.3M
Deferred Foreign Taxes	-1.6M	-6.9M	400K	-1M	-2.1M
Total Deferred Taxes	32.5M	-13.7M	-23.8M	-6.7M	16.2M
Normalized Net Income	577M	394M	1.18B	1.52B	1.08B
Non-Cash Pension Expense	2.3M	22.2M	1.7M	1.9M	800K
Supplemental Operating Expense Items
Net Rental Expense, Total	84.4M	82.1M	82.2M	91.4M	97.4M
Imputed Operating Lease Interest Expense	28.74M	22.7M	22.18M	24.4M	19.27M
Imputed Operating Lease Depreciation	55.66M	59.4M	60.02M	67M	78.13M
Stock-Based Comp., SG&A Exp. (Total)	51.2M	42.2M	70.8M	65.3M	65M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	51.2M	42.2M	70.8M	65.3M	65M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	174M	684M	300M	1.17B	1.08B
Total Cash And Short Term Investments	174M	684M	300M	1.17B	1.08B
Accounts Receivable, Total	1.07B	926M	1.68B	1.57B	1.47B
Other Receivables	37.2M	2.1M	-	36.6M	35.6M
Total Receivables	1.1B	928M	1.68B	1.6B	1.51B
Inventory	1.65B	1.42B	2.06B	2B	2.04B
Prepaid Expenses	85.2M	80.5M	112M	116M	140M
Deferred Tax Assets Current	-	-	-	-	-
Total Current Assets	3.01B	3.11B	4.16B	4.89B	4.77B
Gross Property Plant And Equipment	3.68B	3.81B	4.01B	4.29B	4.72B
Accumulated Depreciation	-1.68B	-1.82B	-1.95B	-2.09B	-2.24B
Net Property Plant And Equipment	2B	2B	2.06B	2.19B	2.48B
Long-term Investments	-	-	-	-	-
Goodwill	2B	1.94B	2.11B	2.11B	2.11B
Other Intangibles, Total	1.03B	947M	1.08B	1.02B	981M
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	89.3M	116M	129M	127M	136M
Total Assets	8.13B	8.11B	9.54B	10.33B	10.48B
Liabilities
Accounts Payable, Total	275M	259M	454M	412M	410M
Accrued Expenses, Total	283M	297M	483M	402M	377M
Current Portion of Long-Term Debt	64.9M	6M	5M	508M	300K
Current Portion of Leases	52.5M	51M	58.6M	52.5M	56.2M
Current Income Taxes Payable	-	-	64.3M	-	-
Total Current Liabilities	675M	613M	1.06B	1.38B	844M
Long-Term Debt	1.52B	1.64B	1.64B	1.14B	1.14B
Long-Term Leases	150M	154M	162M	165M	179M
Pension & Other Post Retirement Benefits	87M	95.8M	81M	26.1M	25.1M
Deferred Tax Liability Non Current	469M	456M	485M	477M	494M
Other Non Current Liabilities	12.3M	26.7M	7M	51.4M	64M
Total Liabilities	2.92B	2.98B	3.44B	3.23B	2.75B
Common Stock, Total	122M	100K	100K	100K	100K
Retained Earnings	5.19B	5.19B	6.16B	7.17B	7.8B
Comprehensive Income and Other	-105M	-77.9M	-68.9M	-86.3M	-76.7M
Total Common Equity	5.21B	5.12B	6.09B	7.09B	7.72B
Minority Interest	7.5M	7.3M	7.2M	8.5M	10.5M
Total Equity	5.21B	5.12B	6.09B	7.1B	7.73B
Total Liabilities And Equity	8.13B	8.11B	9.54B	10.33B	10.48B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	66.86M	63.6M	61.7M	58.98M	57.43M
ECS Total Common Shares Outstanding	66.85M	63.6M	61.81M	58.79M	57.27M
Book Value / Share	77.88	80.43	98.48	120.56	134.84
Tangible Book Value	2.17B	2.23B	2.9B	3.96B	4.63B
Tangible Book Value Per Share	32.48	35.11	46.94	67.39	80.85
Total Debt	1.79B	1.85B	1.87B	1.87B	1.38B
Net Debt	1.62B	1.17B	1.57B	692M	297M
Debt Equivalent of Unfunded Proj. Benefit Obligation	58.9M	49.9M	40M	17.1M	16.4M
Debt Equivalent Oper. Leases	675M	657M	658M	731M	779M
Minority Interest, Total (Incl. Fin. Div)	7.5M	7.3M	7.2M	8.5M	10.5M
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	4	4	4	4	4
LIFO Reserve, Total	-138M	-116M	-820M	-744M	-579M
Land - (BS)	240M	260M	260M	263M	282M
Buildings, Total	1.2B	1.24B	1.28B	1.36B	1.51B
Machinery, Total	2.04B	2.11B	2.24B	2.45B	2.7B
Full Time Employees	15.3K	12.8K	13.7K	14.5K	15K
Accumulated Allowance for Doubtful Accounts (Supple)	17.8M	19M	26.7M	26.1M	24.9M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	702M	369M	1.41B	1.84B	1.34B
Depreciation & Amortization - CF	176M	188M	192M	192M	202M
Amortization of Goodwill and Intangible Assets - (CF)	43.1M	39.6M	38.7M	48.1M	43.8M
Depreciation & Amortization, Total	219M	227M	230M	240M	245M
(Gain) Loss From Sale Of Asset	-1M	-2.6M	-3.3M	-	-
Asset Writedown & Restructuring Costs	1.2M	108M	4.7M	-	-
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	51.2M	42.2M	70.8M	65.3M	65M
Provision and Write-off of Bad Debts	3.4M	5.8M	9.8M	3.4M	3.5M
Other Operating Activities, Total	46.6M	22.9M	-16.1M	24.6M	19.6M
Change In Accounts Receivable	178M	137M	-656M	106M	95.6M
Change In Inventories	212M	228M	-506M	58.9M	-41.5M
Change In Accounts Payable	-142M	-43.4M	226M	-237M	-89.5M
Change in Other Net Operating Assets	31.9M	79.4M	26.2M	17.4M	37.3M
Cash from Operations	1.3B	1.17B	799M	2.12B	1.67B
Capital Expenditure	-242M	-172M	-237M	-342M	-469M
Sale of Property, Plant, and Equipment	8M	6.7M	36M	10.9M	11.1M
Cash Acquisitions	-178M	-6.9M	-439M	-	-24M
Divestitures	-	-	-	-	-
Other Investing Activities, Total	-7.1M	-16.2M	-12.4M	-17.6M	-2.2M
Cash from Investing	-419M	-188M	-652M	-348M	-484M
Short Term Debt Issued, Total	-	700K	-	-	-
Long-Term Debt Issued, Total	971M	1.67B	20M	-	-
Total Debt Issued	971M	1.67B	20M	-	-
Short Term Debt Repaid, Total	-300K	-	-800K	-2.2M	-2.2M
Long-Term Debt Repaid, Total	-1.59B	-1.62B	-20.7M	-300K	-506M
Total Debt Repaid	-1.59B	-1.62B	-21.5M	-2.5M	-508M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-50M	-337M	-324M	-670M	-534M
Common Dividends Paid	-151M	-164M	-177M	-217M	-238M
Common & Preferred Stock Dividends Paid	-151M	-164M	-177M	-217M	-238M
Other Financing Activities, Total	-21.4M	-40.4M	-26.9M	-3M	-2.3M
Cash from Financing	-841M	-483M	-529M	-893M	-1.28B
Foreign Exchange Rate Adjustments	4.3M	7.6M	-1.2M	-4.6M	1.7M
Net Change in Cash	46.1M	509M	-383M	873M	-93.2M
Supplemental Items
Cash Interest Paid	83M	52.6M	59.1M	59.7M	41.8M
Cash Income Tax Paid (Refund)	214M	87.5M	444M	692M	386M
Levered Free Cash Flow	853M	901M	269M	1.46B	898M
Unlevered Free Cash Flow	906M	941M	308M	1.49B	923M
Change In Net Working Capital	-245M	-405M	985M	40.4M	5.9M
Net Debt Issued / Repaid	-618M	58.8M	-1.5M	-2.5M	-508M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	7.82	5.4	13.93	15.82	10.45
Return on Total Capital	9.11	6.27	16.45	18.57	12.03
Return On Equity %	14.27	7.21	25.27	27.96	18.07
Return on Common Equity	14.2	7.15	25.23	27.94	18.04
Margin Analysis
Gross Profit Margin %	30.34	31.93	31.96	30.89	30.71
SG&A Margin	19.12	21.39	16.38	14.71	17.31
EBITDA Margin %	11.22	10.54	15.58	16.18	13.41
EBITA Margin %	9.62	8.41	14.22	15.05	12.04
EBIT Margin %	9.23	7.96	13.95	14.77	11.75
Income From Continuing Operations Margin %	6.43	4.23	10.06	10.83	9.05
Net Income Margin %	6.39	4.19	10.03	10.81	9.02
Net Avail. For Common Margin %	6.39	4.19	10.03	10.81	9.02
Normalized Net Income Margin	5.26	4.47	8.4	8.93	7.32
Levered Free Cash Flow Margin	7.77	10.23	1.91	8.55	6.06
Unlevered Free Cash Flow Margin	8.26	10.67	2.19	8.78	6.23
Asset Turnover
Asset Turnover	1.36	1.09	1.6	1.71	1.42
Fixed Assets Turnover	5.89	4.41	6.95	8.01	6.34
Receivables Turnover (Average Receivables)	9.5	8.84	10.8	10.48	9.75
Inventory Turnover (Average Inventory)	4.42	3.91	5.5	5.8	5.08
Short Term Liquidity
Current Ratio	4.46	5.08	3.91	3.55	5.66
Quick Ratio	1.89	2.63	1.86	2.02	3.07
Operating Cash Flow to Current Liabilities	1.93	1.91	0.75	1.54	1.98
Days Sales Outstanding (Average Receivables)	38.42	41.41	33.79	34.82	37.45
Days Outstanding Inventory (Average Inventory)	82.67	93.54	66.33	62.98	71.84
Average Days Payable Outstanding	14.99	16.94	12.72	13.52	14.57
Cash Conversion Cycle (Average Days)	106.1	118.01	87.4	84.29	94.72
Long Term Solvency