$RS
RELIANCE, INC.

2011 Q2 Form 10-Q Financial Statement

#000110465911044292 Filed on August 05, 2011

View on sec.gov

Income Statement

Concept 2011 Q2 2010 Q2
Revenue $2.050B $1.621B
YoY Change 26.47% 30.38%
Cost Of Revenue $1.539B $1.204B
YoY Change 27.82% 25.38%
Gross Profit $510.8M $416.8M
YoY Change 22.55% 47.33%
Gross Profit Margin 24.92% 25.72%
Selling, General & Admin $313.7M $272.2M
YoY Change 15.25% 9.8%
% of Gross Profit 61.41% 65.31%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $31.50M $30.00M
YoY Change 5.0% 1.35%
% of Gross Profit 6.17% 7.2%
Operating Expenses $313.7M $272.2M
YoY Change 15.25% -1.87%
Operating Profit $165.6M $114.6M
YoY Change 44.5% 1983.64%
Interest Expense $15.50M $15.60M
YoY Change -0.64% -193.41%
% of Operating Profit 9.36% 13.61%
Other Income/Expense, Net $4.100M -$2.300M
YoY Change -278.26% -227.78%
Pretax Income $154.2M $96.70M
YoY Change 59.46% -1128.72%
Income Tax $54.00M $33.90M
% Of Pretax Income 35.02% 35.06%
Net Earnings $98.70M $61.50M
YoY Change 60.49% -1160.34%
Net Earnings / Revenue 4.82% 3.79%
Basic Earnings Per Share $1.32 $0.83
Diluted Earnings Per Share $1.31 $0.83
COMMON SHARES
Basic Shares Outstanding 74.77M shares 74.22M
Diluted Shares Outstanding 75.15M shares

Balance Sheet

Concept 2011 Q2 2010 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $92.00M $47.40M
YoY Change 94.09% -73.58%
Cash & Equivalents $92.00M $47.40M
Short-Term Investments
Other Short-Term Assets $46.10M $34.80M
YoY Change 32.47% -64.78%
Inventory $1.160B $896.7M
Prepaid Expenses
Receivables $958.1M $736.4M
Other Receivables $0.00 $7.000M
Total Short-Term Assets $2.257B $1.722B
YoY Change 31.02% 2.65%
LONG-TERM ASSETS
Property, Plant & Equipment $1.039B $982.9M
YoY Change 5.68% -1.19%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $16.50M $16.00M
YoY Change 3.13% -23.44%
Other Assets $54.60M $104.1M
YoY Change -47.55% 59.42%
Total Long-Term Assets $2.962B $2.896B
YoY Change 2.27% 0.33%
TOTAL ASSETS
Total Short-Term Assets $2.257B $1.722B
Total Long-Term Assets $2.962B $2.896B
Total Assets $5.219B $4.619B
YoY Change 12.99% 1.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $398.8M $291.7M
YoY Change 36.72% 43.27%
Accrued Expenses $176.3M $159.8M
YoY Change 10.33% 5.9%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $99.60M $87.00M
YoY Change 14.48% 5.97%
Total Short-Term Liabilities $702.6M $538.5M
YoY Change 30.47% 11.05%
LONG-TERM LIABILITIES
Long-Term Debt $1.013B $923.4M
YoY Change 9.68% -22.06%
Other Long-Term Liabilities $101.5M $97.60M
YoY Change 4.0% -5.33%
Total Long-Term Liabilities $1.114B $1.021B
YoY Change 9.14% -20.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $702.6M $538.5M
Total Long-Term Liabilities $1.114B $1.021B
Total Liabilities $2.196B $1.898B
YoY Change 15.72% -10.24%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.022B $2.721B
YoY Change
Total Liabilities & Shareholders Equity $5.219B $4.619B
YoY Change 12.99% 1.18%

Cashflow Statement

Concept 2011 Q2 2010 Q2
OPERATING ACTIVITIES
Net Income $98.70M $61.50M
YoY Change 60.49% -1160.34%
Depreciation, Depletion And Amortization $31.50M $30.00M
YoY Change 5.0% 1.35%
Cash From Operating Activities $15.90M $18.80M
YoY Change -15.43% -94.87%
INVESTING ACTIVITIES
Capital Expenditures -$30.50M -$16.30M
YoY Change 87.12% -36.33%
Acquisitions
YoY Change
Other Investing Activities $8.600M $2.200M
YoY Change 290.91% -4.35%
Cash From Investing Activities -$21.90M -$14.20M
YoY Change 54.23% -39.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 20.80M -8.400M
YoY Change -347.62% -95.75%
NET CHANGE
Cash From Operating Activities 15.90M 18.80M
Cash From Investing Activities -21.90M -14.20M
Cash From Financing Activities 20.80M -8.400M
Net Change In Cash 14.80M -3.800M
YoY Change -489.47% -102.61%
FREE CASH FLOW
Cash From Operating Activities $15.90M $18.80M
Capital Expenditures -$30.50M -$16.30M
Free Cash Flow $46.40M $35.10M
YoY Change 32.19% -91.06%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2010Q2 us-gaap Net Income Loss
NetIncomeLoss
61500000 USD
CY2010Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1300000 USD
CY2011Q2 us-gaap Net Income Loss
NetIncomeLoss
98700000 USD
CY2011Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
165600000 USD
CY2011Q2 us-gaap Sales Revenue Net
SalesRevenueNet
2049500000 USD
CY2010Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.10
CY2010Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.83
CY2010Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.83
CY2010Q2 us-gaap Profit Loss
ProfitLoss
62800000 USD
CY2010Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
33900000 USD
CY2010Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2300000 USD
CY2010Q2 us-gaap Interest Expense
InterestExpense
15600000 USD
CY2010Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
114600000 USD
CY2010Q2 us-gaap Costs And Expenses
CostsAndExpenses
1506000000 USD
CY2010Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
30000000 USD
CY2010Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
272200000 USD
CY2010Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
1203800000 USD
CY2010Q2 us-gaap Sales Revenue Net
SalesRevenueNet
1620600000 USD
us-gaap Net Income Loss
NetIncomeLoss
191000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
320400000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
3962200000 USD
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.20
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.43
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.43
us-gaap Net Income Loss
NetIncomeLoss
106200000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1600000 USD
us-gaap Profit Loss
ProfitLoss
107800000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
54700000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1200000 USD
us-gaap Interest Expense
InterestExpense
30700000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
194400000 USD
us-gaap Costs And Expenses
CostsAndExpenses
2880300000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
59100000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
541400000 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
2279800000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
3074700000 USD

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