SLVM FY 2020 Earnings Report — Sylvamo Corporation Revenue & Financial Results | Market Cap Arena

Sylvamo CorporationSLVM

FY 2020 Earnings

Reported December 31, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$2.4B	—	$4.0B	—	-40.6%
Op. Income	$91M	—	$499M	—	-81.8%
Gross Margin	19.1%	—	34.3%	—	-15.2pp
Net Margin	7.1%	—	9.4%	—	-2.3pp
EPS (Diluted)	$3.85	—	$8.55	—	-55.0%
Free Cash Flow	$284M	—	$406M	—	-30.0%

Revenue Flow

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$1.9B
GROSS PROFIT	$456M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$202M
SG&A Expenses	$202M
Other Expenses	$163M
Operating Expenses	$365M
Cost & Expenses	$2.3B
OPERATING INCOME	$91M
Interest Income	$8M
Interest Expense	$4M
Other Income/Expenses	$4M
INCOME BEFORE TAX	$95M
Income Tax Expense	$8M
Net Income from Continuing Ops	$87M
Net Income from Discontinued Ops	$83M
Other Adjustments	$0
NET INCOME	$170M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$170M
D&A	$135M
EBIT	$99M
EBITDA	$234M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$1.9B
GROSS PROFIT	$456M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$202M
SG&A Expenses	$202M
Other Expenses	$163M
Operating Expenses	$365M
Cost & Expenses	$2.3B
OPERATING INCOME	$91M
Interest Income	$8M
Interest Expense	$4M
Other Income/Expenses	$4M
INCOME BEFORE TAX	$95M
Income Tax Expense	$8M
Net Income from Continuing Ops	$87M
Net Income from Discontinued Ops	$83M
Other Adjustments	$0
NET INCOME	$170M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$170M
D&A	$135M
EBIT	$99M
EBITDA	$234M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$170M
Depreciation & Amortization	$154M
Stock-Based Compensation	$0
Deferred Income Tax	-$49M
Other Non-Cash Items	$15M
Change in Working Capital	$69M
OPERATING CASH FLOW	$359M
Capital Expenditure	-$75M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$4M
NET CASH FROM INVESTING	-$79M
Net Debt Issuance	-$10M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$340M
NET CASH FROM FINANCING	-$350M
FREE CASH FLOW	$284M
Net Change in Cash	-$40M

Balance Sheet

Item	Amount
Cash & Equivalents	$95M
Short-Term Investments	$0
Net Receivables	$621M
Inventory	$342M
Other Current Assets	$61M
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$1.3B
Goodwill	$0
Intangible Assets	$143M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$336M
TOTAL NON-CURRENT ASSETS	$1.8B
TOTAL ASSETS	$2.9B
Account Payables	$259M
Short-Term Debt	$18M
Deferred Revenue	$11M
Other Current Liabilities	$134M
TOTAL CURRENT LIABILITIES	$490M
Long-Term Debt	$1M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$170M
Other Non-Current Liabilities	$85M
TOTAL NON-CURRENT LIABILITIES	$309M
TOTAL LIABILITIES	$799M
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$2.1B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.1B
Minority Interest	$0
TOTAL EQUITY	$2.1B
TOTAL LIABILITIES & EQUITY	$2.9B
Total Debt	$72M
Net Debt	-$23M