10-Q Filing

REYNOLDS AMERICAN INC CIK: 1275283 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001193125-13-166238`
Period End Date	20130331
Filing Date	20130423
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	rai-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 36 Cash Flow Statement 48 Comprehensive Income 16

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.62B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.64B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesOutstanding`	547.10M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesOutstanding`	552.94M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.40B	USD	Point-in-time
Defined benefit pension and postretirement plans	`AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax`	$-265.00M	USD	Point-in-time
Defined benefit pension and postretirement plans	`AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax`	$-270.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.96B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.78B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.50B	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$104.00M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$87.00M	USD	Point-in-time
Accounts receivable, related party	`DueFromRelatedPartiesCurrent`	$61.00M	USD	Point-in-time
Accounts receivable, related party	`DueFromRelatedPartiesCurrent`	$52.00M	USD	Point-in-time
Notes receivable	`NotesAndLoansReceivableNetCurrent`	$35.00M	USD	Point-in-time
Notes receivable	`NotesAndLoansReceivableNetCurrent`	$35.00M	USD	Point-in-time
Other receivables	`AccountsAndOtherReceivablesNetCurrent`	$16.00M	USD	Point-in-time
Other receivables	`AccountsAndOtherReceivablesNetCurrent`	$12.00M	USD	Point-in-time
Inventories	`InventoryNet`	$1.05B	USD	Point-in-time
Inventories	`InventoryNet`	$984.00M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsNetCurrent`	$908.00M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsNetCurrent`	$826.00M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$176.00M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$219.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.81B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.03B	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation (2013 - $1,637; 2012 - $1,618)	`PropertyPlantAndEquipmentNet`	$1.03B	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation (2013 - $1,637; 2012 - $1,618)	`PropertyPlantAndEquipmentNet`	$1.04B	USD	Point-in-time
Trademarks and other intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$2.45B	USD	Point-in-time
Trademarks and other intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$2.46B	USD	Point-in-time
Goodwill	`Goodwill`	$8.01B	USD	Point-in-time
Goodwill	`Goodwill`	$8.01B	USD	Point-in-time
Other assets and deferred charges	`OtherAssetsNoncurrent`	$242.00M	USD	Point-in-time
Other assets and deferred charges	`OtherAssetsNoncurrent`	$250.00M	USD	Point-in-time
Total assets	`Assets`	$16.78B	USD	Point-in-time
Total assets	`Assets`	$16.56B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$137.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$187.00M	USD	Point-in-time
Tobacco settlement accruals	`TobaccoSettlementAccrualsNetCurrent`	$2.49B	USD	Point-in-time
Tobacco settlement accruals	`TobaccoSettlementAccrualsNetCurrent`	$2.76B	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$1.00M	USD	Point-in-time
Deferred revenue, related party	`DeferredRevenueCurrent`	$32.00M	USD	Point-in-time
Deferred revenue, related party	`DeferredRevenueCurrent`	$42.00M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$60.00M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$60.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$990.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.16B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.14B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.77B	USD	Point-in-time
Long-term debt (less current maturities)	`LongTermDebtNoncurrent`	$5.04B	USD	Point-in-time
Long-term debt (less current maturities)	`LongTermDebtNoncurrent`	$5.03B	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilitiesNoncurrent`	$461.00M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilitiesNoncurrent`	$482.00M	USD	Point-in-time
Long-term retirement benefits (less current portion)	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$1.82B	USD	Point-in-time
Long-term retirement benefits (less current portion)	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$1.80B	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$214.00M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$207.00M	USD	Point-in-time
Commitments and contingencies:	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies:	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock (shares issued: 2013 - 547,102,116; 2012 - 552,940,767)	`CommonStockValueOutstanding`	-	USD	Point-in-time
Common stock (shares issued: 2013 - 547,102,116; 2012 - 552,940,767)	`CommonStockValueOutstanding`	-	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$7.28B	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$6.97B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.52B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.71B	USD	Point-in-time
Accumulated other comprehensive loss (defined benefit pension and postretirement plans: 2013 - $(270); 2012 - $(265), net of tax)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-329.00M	USD	Point-in-time
Accumulated other comprehensive loss (defined benefit pension and postretirement plans: 2013 - $(270); 2012 - $(265), net of tax)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-311.00M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.26B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.25B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.03B	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.12B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$16.78B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$16.56B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Excise taxes	`ExciseAndSalesTaxes`	$923.00M	USD	1 Quarter
Excise taxes	`ExciseAndSalesTaxes`	$855.00M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$1.86B	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$1.80B	USD	1 Quarter
Net sales, related party	`RevenueFromRelatedParties`	$81.00M	USD	1 Quarter
Net sales, related party	`RevenueFromRelatedParties`	$77.00M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$1.93B	USD	1 Quarter
Net sales	`SalesRevenueNet`	$1.88B	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$694.00M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$994.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$298.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$301.00M	USD	1 Quarter
Amortization expense	`AmortizationOfIntangibleAssets`	$1.00M	USD	1 Quarter
Amortization expense	`AmortizationOfIntangibleAssets`	$6.00M	USD	1 Quarter
Restructuring charge	`RestructuringCharges`	$149.00M	USD	Annual
Restructuring charge	`RestructuringCharges`	$149.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$486.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$887.00M	USD	1 Quarter
Interest and debt expense	`InterestAndDebtExpense`	$62.00M	USD	1 Quarter
Interest and debt expense	`InterestAndDebtExpense`	$56.00M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.00M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.00M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-3.00M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$2.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$429.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$829.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$321.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$159.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$508.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$270.00M	USD	1 Quarter
Net income	`EarningsPerShareBasic`	$0.47	USD	1 Quarter
Net income	`EarningsPerShareBasic`	$0.92	USD	1 Quarter
Net income	`EarningsPerShareDiluted`	$0.92	USD	1 Quarter
Net income	`EarningsPerShareDiluted`	$0.47	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.59	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.56	USD	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$508.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$270.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$28.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$32.00M	USD	1 Quarter
Restructuring charge, net of cash payments	`RestructuringCosts`	$-4.00M	USD	1 Quarter
Restructuring charge, net of cash payments	`RestructuringCosts`	$133.00M	USD	1 Quarter
Deferred income tax expense	`DeferredIncomeTaxExpenseBenefit`	$90.00M	USD	1 Quarter
Deferred income tax expense	`DeferredIncomeTaxExpenseBenefit`	$28.00M	USD	1 Quarter
Pension and postretirement	`IncreaseDecreaseInPensionAndPostretirementObligations`	$-16.00M	USD	1 Quarter
Pension and postretirement	`IncreaseDecreaseInPensionAndPostretirementObligations`	$-30.00M	USD	1 Quarter
Tobacco settlement	`TobaccoSettlementAccruals`	$-268.00M	USD	1 Quarter
Tobacco settlement	`TobaccoSettlementAccruals`	$-563.00M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-85.00M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-43.00M	USD	1 Quarter
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$945.00M	USD	1 Quarter
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.05B	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$23.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$27.00M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-3.00M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.00M	USD	1 Quarter
Net cash flows from (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-20.00M	USD	1 Quarter
Net cash flows from (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-26.00M	USD	1 Quarter
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$323.00M	USD	1 Quarter
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$326.00M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$325.00M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$300.00M	USD	1 Quarter
Excess tax benefit on stock-based compensation plans	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$11.00M	USD	1 Quarter
Excess tax benefit on stock-based compensation plans	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$33.00M	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-3.00M	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-3.00M	USD	1 Quarter
Net cash flows from (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-593.00M	USD	1 Quarter
Net cash flows from (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-643.00M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$6.00M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-6.00M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$440.00M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$276.00M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.40B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.96B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.78B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.50B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.40B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.96B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.78B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.50B	USD	Point-in-time
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$44.00M	USD	1 Quarter
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$16.00M	USD	1 Quarter
Interest paid	`InterestPaidNet`	$10.00M	USD	1 Quarter
Interest paid	`InterestPaidNet`	$10.00M	USD	1 Quarter

Comprehensive Income 16 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$508.00M	USD	1 Quarter
Deferred income tax expense (benefit), retirement benefits	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-3.00M	USD	1 Quarter
Deferred income tax expense (benefit), retirement benefits	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$49.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$270.00M	USD	1 Quarter
Tax expense (benefit), unrealized gain (loss) on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$1.00M	USD	1 Quarter
Tax expense (benefit), unrealized gain (loss) on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$2.00M	USD	1 Quarter
Retirement benefits, net of tax (benefit) expense (2013 - $(3); 2012 - $49)	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-74.00M	USD	1 Quarter
Tax expense/ benefit, cumulative translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$2.00M	USD	1 Quarter
Tax expense/ benefit, cumulative translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$5.00M	USD	1 Quarter
Retirement benefits, net of tax (benefit) expense (2013 - $(3); 2012 - $49)	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$5.00M	USD	1 Quarter
Unrealized gain on long-term investments, net of tax expense (2013 - $2; 2012 - $1)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$2.00M	USD	1 Quarter
Unrealized gain on long-term investments, net of tax expense (2013 - $2; 2012 - $1)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$2.00M	USD	1 Quarter
Cumulative translation adjustment and other, net of tax expense (2013 - $5; 2012 - $2)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$10.00M	USD	1 Quarter
Cumulative translation adjustment and other, net of tax expense (2013 - $5; 2012 - $2)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-15.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$490.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$356.00M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.