10-Q Filing

REYNOLDS AMERICAN INC CIK: 1275283 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001564590-15-002667`
Period End Date	20150331
Filing Date	20150420
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	rai-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 43 Cash Flow Statement 49 Comprehensive Income 13

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.63B	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.65B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.61B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$966.00M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesOutstanding`	531.28M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.83B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.50B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesOutstanding`	532.01M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$118.00M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$116.00M	USD	Point-in-time
Accounts receivable, related party	`DueFromRelatedPartiesCurrent`	$41.00M	USD	Point-in-time
Accounts receivable, related party	`DueFromRelatedPartiesCurrent`	$56.00M	USD	Point-in-time
Other receivables	`AccountsAndOtherReceivablesNetCurrent`	$12.00M	USD	Point-in-time
Other receivables	`AccountsAndOtherReceivablesNetCurrent`	$12.00M	USD	Point-in-time
Inventories	`InventoryNet`	$1.27B	USD	Point-in-time
Inventories	`InventoryNet`	$1.28B	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsNetCurrent`	$704.00M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxAssetsNetCurrent`	$703.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$216.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$204.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.32B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.99B	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation (2015 $1,648; 2014 $1,627)	`PropertyPlantAndEquipmentNet`	$1.20B	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation (2015 $1,648; 2014 $1,627)	`PropertyPlantAndEquipmentNet`	$1.20B	USD	Point-in-time
Trademarks and other intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$2.42B	USD	Point-in-time
Trademarks and other intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$2.42B	USD	Point-in-time
Goodwill	`Goodwill`	$8.02B	USD	Point-in-time
Goodwill	`Goodwill`	$8.02B	USD	Point-in-time
Other assets and deferred charges	`OtherAssetsNoncurrent`	$233.00M	USD	Point-in-time
Other assets and deferred charges	`OtherAssetsNoncurrent`	$226.00M	USD	Point-in-time
Total assets	`Assets`	$15.20B	USD	Point-in-time
Total assets	`Assets`	$15.85B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$126.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$142.00M	USD	Point-in-time
Tobacco settlement accruals	`TobaccoSettlementAccrualsNetCurrent`	$2.22B	USD	Point-in-time
Tobacco settlement accruals	`TobaccoSettlementAccrualsNetCurrent`	$1.82B	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$1.00M	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`	$23.00M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$450.00M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$450.00M	USD	Point-in-time
Dividends payable on common stock	`DividendsPayableCurrent`	$356.00M	USD	Point-in-time
Dividends payable on common stock	`DividendsPayableCurrent`	$356.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.05B	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$744.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.54B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.22B	USD	Point-in-time
Long-term debt (less current maturities)	`LongTermDebtNoncurrent`	$4.63B	USD	Point-in-time
Long-term debt (less current maturities)	`LongTermDebtNoncurrent`	$4.63B	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilitiesNoncurrent`	$383.00M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilitiesNoncurrent`	$397.00M	USD	Point-in-time
Long-term retirement benefits (less current portion)	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$1.97B	USD	Point-in-time
Long-term retirement benefits (less current portion)	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$2.00B	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$117.00M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$107.00M	USD	Point-in-time
Commitments and contingencies:	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies:	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock (shares issued: 2015 532,013,134; 2014 531,283,513)	`CommonStockValueOutstanding`	-	USD	Point-in-time
Common stock (shares issued: 2015 532,013,134; 2014 531,283,513)	`CommonStockValueOutstanding`	-	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$6.20B	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$6.20B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.31B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.28B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-60.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-364.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-56.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-397.00M	USD	Point-in-time
Total shareholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.52B	USD	Point-in-time
Total shareholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.01B	USD	Point-in-time
Total shareholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.52B	USD	Point-in-time
Total shareholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.17B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$15.85B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$15.20B	USD	Point-in-time

Income Statement 43 line items

Line Item	Tag	Value	Unit	Period
Excise taxes	`ExciseAndSalesTaxes`	$846.00M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$1.85B	USD	1 Quarter
Excise taxes	`ExciseAndSalesTaxes`	$840.00M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$1.98B	USD	1 Quarter
Net sales, related party	`RevenueFromRelatedParties`	$82.00M	USD	1 Quarter
Net sales, related party	`RevenueFromRelatedParties`	$86.00M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$2.06B	USD	1 Quarter
Net sales	`SalesRevenueNet`	$1.94B	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$850.00M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$930.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$511.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$413.00M	USD	1 Quarter
Amortization expense	`AmortizationOfIntangibleAssets`	$3.00M	USD	1 Quarter
Amortization expense	`AmortizationOfIntangibleAssets`	$2.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$693.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$590.00M	USD	1 Quarter
Interest and debt expense	`InterestAndDebtExpense`	$91.00M	USD	1 Quarter
Interest and debt expense	`InterestAndDebtExpense`	$59.00M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.00M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.00M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-1.00M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$17.00M	USD	1 Quarter
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$620.00M	USD	1 Quarter
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$531.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$193.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$231.00M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperations`	$338.00M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperations`	$389.00M	USD	1 Quarter
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$25.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$389.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$363.00M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.73	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.63	USD	1 Quarter
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.05	USD	1 Quarter
Net income	`EarningsPerShareBasic`	$0.68	USD	1 Quarter
Net income	`EarningsPerShareBasic`	$0.73	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.73	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.63	USD	1 Quarter
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.04	USD	1 Quarter
Net income	`EarningsPerShareDiluted`	$0.73	USD	1 Quarter
Net income	`EarningsPerShareDiluted`	$0.67	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.67	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.67	USD	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$389.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$363.00M	USD	1 Quarter
Income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$25.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$28.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$25.00M	USD	1 Quarter
Restructuring charge, net of cash payments	`RestructuringCosts`	$-13.00M	USD	1 Quarter
Restructuring charge, net of cash payments	`RestructuringCosts`	$-3.00M	USD	1 Quarter
Deferred income tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-7.00M	USD	1 Quarter
Deferred income tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$26.00M	USD	1 Quarter
Pension and postretirement	`IncreaseDecreaseInPensionAndPostretirementObligations`	$-35.00M	USD	1 Quarter
Pension and postretirement	`IncreaseDecreaseInPensionAndPostretirementObligations`	$-32.00M	USD	1 Quarter
Tobacco settlement	`IncreaseDecreaseInTobaccoSettlementAccruals`	$-459.00M	USD	1 Quarter
Tobacco settlement	`IncreaseDecreaseInTobaccoSettlementAccruals`	$-397.00M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-288.00M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-132.00M	USD	1 Quarter
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$912.00M	USD	1 Quarter
Net cash flows from operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.08B	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$55.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$26.00M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.00M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$30.00M	USD	1 Quarter
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-25.00M	USD	1 Quarter
Net cash flows used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-85.00M	USD	1 Quarter
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$339.00M	USD	1 Quarter
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$356.00M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$173.00M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$32.00M	USD	1 Quarter
Principal borrowings under revolving credit facility	`ProceedsFromLinesOfCredit`	$300.00M	USD	1 Quarter
Repayments under revolving credit facility	`RepaymentsOfLinesOfCredit`	$300.00M	USD	1 Quarter
Excess tax benefit on stock-based compensation plans	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$14.00M	USD	1 Quarter
Excess tax benefit on stock-based compensation plans	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$10.00M	USD	1 Quarter
Net cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-374.00M	USD	1 Quarter
Net cash flows used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-502.00M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-32.00M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$1.00M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$326.00M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$649.00M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.61B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$966.00M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.83B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.50B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.61B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$966.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.83B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.50B	USD	Point-in-time
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$13.00M	USD	1 Quarter
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$9.00M	USD	1 Quarter
Interest paid	`InterestPaidNet`	$30.00M	USD	1 Quarter
Interest paid	`InterestPaidNet`	$31.00M	USD	1 Quarter

Comprehensive Income 13 line items

Line Item	Tag	Value	Unit	Period
Tax expense (benefit), retirement benefits	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$4.00M	USD	1 Quarter
Tax expense (benefit), retirement benefits	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$4.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$389.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$363.00M	USD	1 Quarter
Tax expense (benefit), unrealized gain on long-term investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$1.00M	USD	1 Quarter
Retirement benefits, net of tax (benefit) expense (2015 $(4); 2014 $(4))	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$6.00M	USD	1 Quarter
Tax expense (benefit), cumulative translation adjustment and other	`OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax`	$12.00M	USD	1 Quarter
Retirement benefits, net of tax (benefit) expense (2015 $(4); 2014 $(4))	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$6.00M	USD	1 Quarter
Unrealized gain on long-term investments, net of tax (benefit) expense (2014 $1 )	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$1.00M	USD	1 Quarter
Cumulative translation adjustment and other, net of tax (benefit) expense (2015 $(12))	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$1.00M	USD	1 Quarter
Cumulative translation adjustment and other, net of tax (benefit) expense (2015 $(12))	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-27.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$359.00M	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.