Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - Resolute Forest Products Inc. | d8k.htm |
 ABITIBIBOWATER
2010
Unaudited Financial
Information & Operating
Statistics
February 18, 2011
Exhibit 99.1 |
 2
Unaudited Financial Information
(Predecessor Company)
Effective upon the commencement of the Creditor Protection Proceedings
and through December 31, 2010, we applied the guidance in
Financial Accounting Standards Board Accounting Standards Codification 852, “Reorganizations,” in preparing our
consolidated financial statements. The application of fresh start
accounting and the implementation of our Plans of Reorganization
materially changed the carrying amounts and classifications reported in
our consolidated financial statements and resulted in the
Company becoming a new entity for financial reporting purposes.
Accordingly, our consolidated statements of operations for periods
prior to December 31, 2010 will not be comparable to our consolidated
statements of operations for periods subsequent to December 31,
2010. Financial statements for periods prior to December 31, 2010 will be considered “Predecessor” or “Predecessor Company”
and our consolidated balance sheet as of December 31, 2010 and our
financial statements for periods after December 31, 2010 will be
considered “Successor” or “Successor
Company.” 2010
(Unaudited, in millions US$)
Qtr 1
Qtr 2
Qtr 3
Qtr 4
Full year
Sales
1,100
$
1,182
$
1,192
$
1,272
$
4,746
$
Costs and expenses:
Cost of sales, excluding depreciation, amortization
and cost of timber harvested
915
951
892
966
3,724
Depreciation, amortization and cost of timber
harvested
132
125
119
117
493
Distribution costs
137
141
133
142
553
Selling and administrative expenses
30
39
40
46
155
Closure costs, impairment and other
related charges
5
3
(3)
(2)
3
Net gain on disposition of assets and other
(9)
(4)
(1)
(16)
(30)
Operating (loss) income
(110)
$
(73)
$
12
$
19
$
(152)
$
|
 3
Unaudited Financial & Operating
Statistics
2010
(Unaudited, US$)
Qtr 1
Qtr 2
Qtr 3
Qtr 4
Full Year
Sales by Segment (in millions)
Newsprint
433
$
456
$
429
$
486
$
1,804
$
Coated papers
106
114
128
134
482
Specialty papers
299
329
347
346
1,321
Market pulp
163
172
184
196
715
Wood products
99
111
104
110
424
Total sales
1,100
$
1,182
$
1,192
$
1,272
$
4,746
$
Shipments to 3rd Parties
Newsprint (thousands of metric tons)
795
763
694
753
3,005
Coated papers (thousands of short tons)
159
166
175
171
671
Specialty papers (thousands of short tons)
436
488
505
495
1,924
Market pulp (thousands of metric tons)
241
225
236
268
970
Wood products (millions of board feet)
331
334
363
367
1,395
Average Transaction Price
Newsprint (per metric ton)
545
$
597
$
619
$
644
$
600
$
Coated papers (per short
ton) 668
685
733
781
718
Specialty papers (per short ton)
684
675
687
699
687
Market
pulp
(per
metric
ton)
676
767
776
734
737
Wood products (per thousand board feet)
300
329
289
299
304
(Predecessor Company) |
 4
Unaudited Financial & Operating
Statistics
2010
(Unaudited, US$)
Qtr 1
Qtr 2
Qtr 3
Qtr 4
Full Year
Operating (Loss) Income by Segment (in millions)
Newsprint
(102)
$
(49)
$
(8)
$
(12)
$
(171)
$
Coated papers
(4)
5
13
17
31
Specialty papers
(8)
(25)
(6)
(5)
(44)
Market pulp
13
24
55
45
137
Wood products
2
3
(1)
5
9
Corporate and other
(11)
(31)
(41)
(31)
(114)
(110)
$
(73)
$
12
$
19
$
(152)
$
Depreciation and Amortization by Segment (in
millions) Newsprint
66
$
56
$
50
$
53
$
225
$
Coated papers
7
7
8
8
30
Specialty papers
29
34
33
32
128
Market pulp
13
12
12
12
49
Wood products
13
11
9
9
42
Corporate and other
4
5
7
3
19
132
$
125
$
119
$
117
$
493
$
Operating Cost per Unit
Newsprint (per metric ton)
674
$
661
$
631
$
660
$
657
$
Coated papers (per short
ton) 690
655
661
685
672
Specialty papers (per short ton)
703
727
698
709
709
Market pulp (per metric ton)
621
659
546
565
596
Wood products (per thousand board feet)
295
319
291
286
297
(Predecessor
Company)
Total operating (loss) income |