$RS
RELIANCE, INC.

2021 Q2 Form 10-Q Financial Statement

#000155837021009581 Filed on July 29, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $3.419B $2.019B
YoY Change 69.31% -29.97%
Cost Of Revenue $2.337B $1.405B
YoY Change 66.35% -30.8%
Gross Profit $1.082B $614.7M
YoY Change 76.05% -27.99%
Gross Profit Margin 31.65% 30.44%
Selling, General & Admin $563.3M $438.5M
YoY Change 28.46% -17.48%
% of Gross Profit 52.05% 71.34%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $58.50M $57.40M
YoY Change 1.92% 5.51%
% of Gross Profit 5.41% 9.34%
Operating Expenses $563.3M $438.5M
YoY Change 28.46% -17.48%
Operating Profit $460.4M $118.6M
YoY Change 288.2% -55.51%
Interest Expense $15.70M $14.60M
YoY Change 7.53% -38.4%
% of Operating Profit 3.41% 12.31%
Other Income/Expense, Net -$600.0K -$2.000M
YoY Change -70.0% -168.97%
Pretax Income $444.1M $102.0M
YoY Change 335.39% -58.5%
Income Tax $113.9M $21.30M
% Of Pretax Income 25.65% 20.88%
Net Earnings $330.2M $80.70M
YoY Change 309.17% -56.21%
Net Earnings / Revenue 9.66% 4.0%
Basic Earnings Per Share $5.17 $1.26
Diluted Earnings Per Share $5.08 $1.24
COMMON SHARES
Basic Shares Outstanding 63.66M 63.65M
Diluted Shares Outstanding 64.79M 64.58M

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $727.6M $222.7M
YoY Change 226.72% 57.39%
Cash & Equivalents $727.6M $222.7M
Short-Term Investments
Other Short-Term Assets $79.60M $88.90M
YoY Change -10.46% 21.12%
Inventory $1.645B $1.493B
Prepaid Expenses
Receivables $1.493B $922.5M
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.945B $2.727B
YoY Change 44.67% -18.99%
LONG-TERM ASSETS
Property, Plant & Equipment $1.797B $1.809B
YoY Change -0.67% 2.61%
Goodwill $1.936B $1.924B
YoY Change 0.65% 2.66%
Intangibles $928.9M $974.3M
YoY Change -4.66% -7.4%
Long-Term Investments
YoY Change
Other Assets $113.4M $89.60M
YoY Change 26.56% 6.79%
Total Long-Term Assets $4.985B $4.997B
YoY Change -0.24% 0.73%
TOTAL ASSETS
Total Short-Term Assets $3.945B $2.727B
Total Long-Term Assets $4.985B $4.997B
Total Assets $8.930B $7.724B
YoY Change 15.61% -7.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $473.6M $247.1M
YoY Change 91.66% -37.62%
Accrued Expenses $116.6M $76.80M
YoY Change 51.82% -3.15%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $5.300M $64.90M
YoY Change -91.83% -0.61%
Total Short-Term Liabilities $904.9M $642.0M
YoY Change 40.95% -15.62%
LONG-TERM LIABILITIES
Long-Term Debt $1.641B $1.427B
YoY Change 14.98% -26.63%
Other Long-Term Liabilities $23.30M $21.90M
YoY Change 6.39% 43.14%
Total Long-Term Liabilities $1.664B $1.449B
YoY Change 14.85% -26.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $904.9M $642.0M
Total Long-Term Liabilities $1.664B $1.449B
Total Liabilities $2.569B $2.091B
YoY Change 22.86% -23.16%
SHAREHOLDERS EQUITY
Retained Earnings $5.701B $5.069B
YoY Change 12.46% 2.69%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.632B $4.954B
YoY Change
Total Liabilities & Shareholders Equity $8.930B $7.724B
YoY Change 15.61% -7.24%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $330.2M $80.70M
YoY Change 309.17% -56.21%
Depreciation, Depletion And Amortization $58.50M $57.40M
YoY Change 1.92% 5.51%
Cash From Operating Activities $101.6M $475.7M
YoY Change -78.64% 37.49%
INVESTING ACTIVITIES
Capital Expenditures -$80.10M -$41.00M
YoY Change 95.37% -42.17%
Acquisitions
YoY Change
Other Investing Activities $9.200M -$400.0K
YoY Change -2400.0% -123.53%
Cash From Investing Activities -$70.90M -$41.40M
YoY Change 71.26% -40.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -66.00M -386.2M
YoY Change -82.91% 44.27%
NET CHANGE
Cash From Operating Activities 101.6M 475.7M
Cash From Investing Activities -70.90M -41.40M
Cash From Financing Activities -66.00M -386.2M
Net Change In Cash -35.30M 48.10M
YoY Change -173.39% 428.57%
FREE CASH FLOW
Cash From Operating Activities $101.6M $475.7M
Capital Expenditures -$80.10M -$41.00M
Free Cash Flow $181.7M $516.7M
YoY Change -64.83% 23.94%

Facts In Submission

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us-gaap Income Taxes Paid Net
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us-gaap Goodwill Foreign Currency Translation Gain Loss
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us-gaap Amortization Of Intangible Assets
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CY2021Q2 us-gaap Lessee Operating Lease Liability Payments Due
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CY2021Q2 us-gaap Stock Repurchased And Retired During Period Shares
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us-gaap Stock Repurchased And Retired During Period Shares
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us-gaap Stock Repurchased And Retired During Period Value
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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CY2020Q2 us-gaap Earnings Per Share Diluted
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CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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EarningsPerShareDiluted
9.20
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.15
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.17
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.26
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
9.36
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.18
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
230186
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
358082
us-gaap Asset Impairment Charges
AssetImpairmentCharges
97900000
CY2020Q2 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
5600000
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
100000
CY2020Q2 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
200000
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
89000000.0
us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
8700000
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
200000
CY2020Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
200000
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
143100000
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
143100000
CY2020Q1 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
137500000

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