Mercer International Inc. Reports Record Annual Pulp Production, Pulp Sales Volumes And Energy Sales And 2012 Fourth Quarter And Year End Results

Restricted Group

The following table is a summary of selected financial information for the Restricted Group (which, under the indenture for our 2017 9.5% Senior Notes, is comprised of Mercer International Inc., certain holding subsidiaries and our Rosenthal and Celgar mills) as at the dates indicated:

	Year Ended December 31,
	2012	2011
	(in thousands)
Financial Position
Cash and cash equivalents	€ 36,714	€ 44,829
Marketable securities	184	12,372	(1)
Working capital	132,130	149,973
Total assets	644,119	658,844
Long-term liabilities	260,185	262,770
Total equity	335,353	344,415
(1) Principally comprised of German federal government bonds with a maturity of less than one year.

Earnings Release Call

In conjunction with this release, Mercer International Inc. will host a conference call, which will be simultaneously broadcast live over the Internet. Management will host the call, which is scheduled for Thursday, February 14, 2013 at 10:00 AM (Eastern Daylight Time). Listeners can access the conference call live and archived through March 16, 2013, over the Internet at http://investor.shareholder.com/media/eventdetail.cfm?eventid=125198&CompanyID=MERC&e=1&mediaKey=1AE35D7DABC3ECD95E2779DA87354812 or through a link on our home page at http://www.mercerint.com. Please allow 15 minutes prior to the call to visit the site and download and install any necessary audio software.

Mercer International Inc. is a global pulp manufacturing company. To obtain further information on the company, please visit its web site at http://www.mercerint.com .

The preceding includes forward looking statements which involve known and unknown risks and uncertainties which may cause our actual results in future periods to differ materially from forecasted results. Words such as "expects", "anticipates", "projects", "intends", "designed", "will", "believes", "estimates", "may", "could" and variations of such words and similar expressions are intended to identify such forward-looking statements. Among those factors which could cause actual results to differ materially are the following: the highly cyclical nature of our business, raw material costs, our level of indebtedness, competition, foreign exchange and interest rate fluctuations, our use of derivatives, expenditures for capital projects, environmental regulation and compliance, disruptions to our production, market conditions and other risk factors listed from time to time in our SEC reports.

  

 

MERCER INTERNATIONAL INC.
CONSOLIDATED BALANCE SHEETS
(Unaudited)
(In thousands of Euros)
	December 31,
	2012		2011
ASSETS
Current assets
Cash and cash equivalents	€ 104,239		€ 105,072
Marketable securities	--		12,216
Receivables	110,087		120,487
Inventories	118,300		120,539
Prepaid expenses and other	7,907		8,162
Deferred income tax	4,465		6,750
Total current assets	344,998		373,226
Long-term assets
Property, plant and equipment	808,878		820,974
Deferred note issuance and other	12,162		10,763
Deferred income tax	17,565		12,287
	838,605		844,024
Total assets	€ 1,183,603		€ 1,217,250
LIABILITIES
Current liabilities
Accounts payable and other	€ 89,950		€ 99,640
Pension and other post-retirement benefit obligations	813		756
Debt	45,662		25,671
Total current liabilities	136,425		126,067
Long-term liabilities
Debt	665,741		708,415
Unrealized interest rate derivative losses	50,678		52,391
Pension and other post-retirement benefit obligations	32,141		31,197
Capital leases and other	13,936		13,053
Deferred income tax	5,757		2,585
	768,253		807,641
Total liabilities	904,678		933,708
EQUITY
Shareholders' equity
Share capital	248,371		247,642
Paid-in capital	(3,547)			(4,857)
Retained earnings	25,800		37,985
Accumulated other comprehensive income	25,181		21,346
Total shareholders' equity	295,805		302,116
Noncontrolling deficit	(16,880)		(18,574)
Total equity	278,925		283,542
Total liabilities and equity	€ 1,183,603		€ 1,217,250

 

« First ‹ Previous 1 2 3 4 5 6 7 8 9 Next › Last »