$RS
RELIANCE, INC.

2012 Q2 Form 10-Q Financial Statement

#000110465912054544 Filed on August 06, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2011 Q2
Revenue $2.210B $2.050B
YoY Change 7.82% 26.47%
Cost Of Revenue $1.640B $1.539B
YoY Change 6.6% 27.82%
Gross Profit $569.4M $510.8M
YoY Change 11.47% 22.55%
Gross Profit Margin 25.77% 24.92%
Selling, General & Admin $346.7M $313.7M
YoY Change 10.52% 15.25%
% of Gross Profit 60.89% 61.41%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $36.50M $31.50M
YoY Change 15.87% 5.0%
% of Gross Profit 6.41% 6.17%
Operating Expenses $346.7M $313.7M
YoY Change 10.52% 15.25%
Operating Profit $186.2M $165.6M
YoY Change 12.44% 44.5%
Interest Expense $15.00M $15.50M
YoY Change -3.23% -0.64%
% of Operating Profit 8.06% 9.36%
Other Income/Expense, Net -$3.500M $4.100M
YoY Change -185.37% -278.26%
Pretax Income $167.7M $154.2M
YoY Change 8.75% 59.46%
Income Tax $57.50M $54.00M
% Of Pretax Income 34.29% 35.02%
Net Earnings $110.2M $98.70M
YoY Change 11.65% 60.49%
Net Earnings / Revenue 4.99% 4.82%
Basic Earnings Per Share $1.45 $1.32
Diluted Earnings Per Share $1.44 $1.31
COMMON SHARES
Basic Shares Outstanding 75.09M shares 74.77M shares
Diluted Shares Outstanding 75.51M shares 75.15M shares

Balance Sheet

Concept 2012 Q2 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $93.60M $92.00M
YoY Change 1.74% 94.09%
Cash & Equivalents $93.60M $92.00M
Short-Term Investments
Other Short-Term Assets $77.10M $46.10M
YoY Change 67.25% 32.47%
Inventory $1.424B $1.160B
Prepaid Expenses
Receivables $1.014B $958.1M
Other Receivables $2.100M $0.00
Total Short-Term Assets $2.608B $2.257B
YoY Change 15.58% 31.02%
LONG-TERM ASSETS
Property, Plant & Equipment $1.152B $1.039B
YoY Change 10.89% 5.68%
Goodwill $1.278B
YoY Change
Intangibles $915.6M
YoY Change
Long-Term Investments $16.70M $16.50M
YoY Change 1.21% 3.13%
Other Assets $65.40M $54.60M
YoY Change 19.78% -47.55%
Total Long-Term Assets $3.427B $2.962B
YoY Change 15.71% 2.27%
TOTAL ASSETS
Total Short-Term Assets $2.608B $2.257B
Total Long-Term Assets $3.427B $2.962B
Total Assets $6.035B $5.219B
YoY Change 15.65% 12.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $375.2M $398.8M
YoY Change -5.92% 36.72%
Accrued Expenses $188.0M $176.3M
YoY Change 6.64% 10.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $12.20M $99.60M
YoY Change -87.75% 14.48%
Total Short-Term Liabilities $575.4M $702.6M
YoY Change -18.1% 30.47%
LONG-TERM LIABILITIES
Long-Term Debt $1.519B $1.013B
YoY Change 49.98% 9.68%
Other Long-Term Liabilities $116.3M $101.5M
YoY Change 14.58% 4.0%
Total Long-Term Liabilities $1.519B $1.114B
YoY Change 36.32% 9.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $575.4M $702.6M
Total Long-Term Liabilities $1.519B $1.114B
Total Liabilities $2.094B $2.196B
YoY Change -4.63% 15.72%
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 $3.365B $3.022B
YoY Change
Total Liabilities & Shareholders Equity $6.035B $5.219B
YoY Change 15.65% 12.99%

Cashflow Statement

Concept 2012 Q2 2011 Q2
OPERATING ACTIVITIES
Net Income $110.2M $98.70M
YoY Change 11.65% 60.49%
Depreciation, Depletion And Amortization $36.50M $31.50M
YoY Change 15.87% 5.0%
Cash From Operating Activities $84.40M $15.90M
YoY Change 430.82% -15.43%
INVESTING ACTIVITIES
Capital Expenditures -$52.20M -$30.50M
YoY Change 71.15% 87.12%
Acquisitions
YoY Change
Other Investing Activities -$73.50M $8.600M
YoY Change -954.65% 290.91%
Cash From Investing Activities -$125.7M -$21.90M
YoY Change 473.97% 54.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 64.10M 20.80M
YoY Change 208.17% -347.62%
NET CHANGE
Cash From Operating Activities 84.40M 15.90M
Cash From Investing Activities -125.7M -21.90M
Cash From Financing Activities 64.10M 20.80M
Net Change In Cash 22.80M 14.80M
YoY Change 54.05% -489.47%
FREE CASH FLOW
Cash From Operating Activities $84.40M $15.90M
Capital Expenditures -$52.20M -$30.50M
Free Cash Flow $136.6M $46.40M
YoY Change 194.4% 32.19%

Facts In Submission

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dei Entity Registrant Name
EntityRegistrantName
RELIANCE STEEL & ALUMINUM CO
dei Entity Central Index Key
EntityCentralIndexKey
0000861884
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2012-06-30
dei Amendment Flag
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false
dei Current Fiscal Year End Date
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dei Entity Current Reporting Status
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dei Entity Filer Category
EntityFilerCategory
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dei Document Fiscal Year Focus
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dei Document Fiscal Period Focus
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CY2012Q2 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
18800000 USD
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
18800000 USD
CY2012Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-10400000 USD
CY2012Q2 us-gaap Deferred Tax Assets Unrealized Losses On Availablefor Sale Securities Gross
DeferredTaxAssetsUnrealizedLossesOnAvailableforSaleSecuritiesGross
100000 USD
CY2012Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensions
11500000 USD
CY2011Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensions
11500000 USD
CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75087057 shares
CY2011Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
74773715 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
75004840 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
74697185 shares
CY2012Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
424192 shares
CY2011Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
377083 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
464129 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
390572 shares
CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75511249 shares
CY2011Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75150798 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75468969 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75087757 shares
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.98
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.00
CY2012Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2462550 shares
CY2011Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3084925 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2468973 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3091513 shares
CY2006Q4 us-gaap Debt Instrument Increase Additional Borrowings
DebtInstrumentIncreaseAdditionalBorrowings
600000000 USD
CY2012Q2 us-gaap Minority Interest
MinorityInterest
9800000 USD
CY2012Q2 us-gaap Deferred Tax And Other Liabilities Noncurrent
DeferredTaxAndOtherLiabilitiesNoncurrent
565700000 USD
CY2012Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
97700000 USD
CY2012Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
90300000 USD
CY2012Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
375200000 USD
CY2012Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
915600000 USD
CY2012Q2 us-gaap Other Assets Current
OtherAssetsCurrent
77100000 USD
CY2012Q2 us-gaap Inventory Net
InventoryNet
1424000000 USD
CY2012Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1013500000 USD
CY2011Q4 us-gaap Deferred Tax And Other Liabilities Noncurrent
DeferredTaxAndOtherLiabilitiesNoncurrent
558500000 USD
CY2011Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
118000000 USD
CY2011Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
85500000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
8100000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-9600000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-278200000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
8500000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
22500000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
259500000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
458000000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-29400000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1800000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
82300000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
86800000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-205800000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1100000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
294600000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3100000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
344300000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3000000 USD
us-gaap Interest Expense
InterestExpense
29500000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
72000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
704400000 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
3350800000 USD
CY2011Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
154200000 USD
CY2012Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1400000 USD
CY2012Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
57500000 USD
CY2012Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
167700000 USD
CY2012Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-3500000 USD
CY2012Q2 us-gaap Interest Expense
InterestExpense
15000000 USD
CY2012Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
36500000 USD
CY2012Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
346700000 USD
CY2012Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
1640300000 USD
CY2012Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares

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