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RAYONIER ADVANCED MATERIALS INC. (RYAM)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Net sales  1,717.31,407.61,343.81,430.91,957.0940.4868.7941.4
            Net sales growth  22.0%4.7%-6.1%-26.9%108.1%8.3%-7.7%-1.7%
Cost of sales  -1,594.2-1,332.8-1,280.4-1,377.5-1,665.8-799.7-682.6-738.9
    Gross margin  123.174.763.453.5291.1140.8186.2202.5
            Gross margin  7.2%5.3%4.7%3.7%14.9%15.0%21.4%21.5%
Selling, general and administrative expense  91.575.877.980.8105.079.637.247.7
Foreign exchange gain (loss)  4.70.9-5.7-3.2    
Other operating expense, net  -10.2-10.3-10.2-22.0-12.4-1.3-5.7-35.3
    Operating income (loss)  26.1-10.4-30.4-52.5147.859.0143.3119.5
            Operating margin  1.5%-0.7%-2.3%-3.7%7.6%6.3%16.5%12.7%
Interest expense  -66.2-66.4-55.5-52.0-55.9-40.0-34.6-36.9
Other components of pension and OPEB, excluding service costs (Note 14)  5.0-4.32.6     
Gain (loss) on GreenFirst equity securities (Note 2)  5.2-3.6      
Other income, net  5.47.5-7.117.813.42.40.70.2
    Loss from continuing operations before income taxes  -23.8-82.9-98.2-104.3126.5342.7112.682.9
Income tax (expense) benefit (Note 15)  -0.934.760.920.4-27.0-19.2-39.3-27.6
            Tax rate   41.9%62.0%19.5%21.4%5.6%34.9%33.3%
Equity in loss of equity method investment  -2.7-1.6-0.7     
    Loss from continuing operations  -27.4-49.8-38.1-83.999.5323.473.355.3
Income (loss) from discontinued operations, net of taxes (Note 2)  12.5116.238.661.529.01.5  
    Net loss  -14.966.40.6-22.5128.4325.073.355.3
   
Basic and Diluted earnings per common share (Note 12)          
Loss from continuing operations-basic (in dollars per share)  0.00.00.00.00.00.0  
Income (loss) from discontinued operations-basic (in dollars per share)  0.00.00.00.00.00.0  
   
    Net loss per common share-basic (in dollars per share)  ($0.23)$1.05$0.01($0.57)$2.27$7.17$1.61$1.31
Loss from continuing operations-diluted (in dollars per share)  0.00.00.00.00.00.0  
Income (loss) from discontinued operations-diluted (in dollars per share)  0.00.00.00.00.00.0  
    Net loss per common share-diluted (in dollars per share)  ($0.23)$1.05$0.01($0.57)$1.96$5.81$1.55$1.30

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