Академический Документы
Профессиональный Документы
Культура Документы
Key Financials¹
For the Fiscal Period Ending 12 months 12 months 12 months
Dec-31-2010A Dec-31-2009A Dec-31-2008A
Currency CAD CAD CAD
¹All results are taken from the most recently filed statement for each period. When there has been more than one, earlier filings can be viewed on the individua
³EPS figures for forward periods are consensus mean estimates.
†Growth rates for forward periods are calculated against prior period estimates or actual pro forma results as disclosed on the Estimates Consensus page.
Growth Rates are calculated in originally reported currency only and will not reflect any currency conversion selected above.
Total Liability includes Total Debt, Minority Interest and Pref. Equity.
Net Liability includes Total Liability, net of Cash and Short Term Investments.
TEV includes Market Cap and Net Liability.
Total Capital includes Common Equity and Total Liability.
TEV/EBITDA 1 1 1
TEV/EBIT - - -
P/BV - - -
Price/Tang BV - - -
Financial data provided by
141 107 95 64 39 33 30
19.95% 16.60% 16.56% 15.95% 11.36% 10.26% 13.53%
150 132 95 64 39 33 30
21.33% 20.43% 16.56% 15.95% 11.36% 10.26% 13.53%
1 1 1 1
27.27% 11.86% 37.21% 34.78% 18.16% 28.57% -31.98%
2 2
4 5
3 4
12 months 12 months 12 months
Dec-31-2000A Dec-31-1999A Dec-31-1998A
CAD CAD CAD
58 57 46
30.49% 28.10% 32.40%
50 53 37
26.56% 25.72% 26.03%
49 49 37
25.64% 23.88% 25.94%
43 41 33
22.55% 19.89% 23.04%
43 41 33
22.55% 19.89% 23.04%
Income Statement
For the Fiscal Period Ending 12 months 12 months 12 months
Dec-31-2010 Dec-31-2009 Dec-31-2008
Currency USD USD USD
Units Thousands Thousands Thousands
Revenues
Commission Income - - -
Revenues 1,923,536 1,238,185 896,045
Total Revenues - - -
Expenses
Cost of Sales (1,252,023) (797,800) (530,083)
Selling, General and Administrative Expenses (89,712) (63,980) (53,372)
Depreciation, Amortization and Depletion (5,145) (4,693) (3,206)
Impairment of Timber Holdings and Capital Assets - - -
Write-off of Other Assets - - -
Interest Expense (128,124) (70,977) (51,933)
Amortization and Write-off of Deferred Financing Costs - - -
Interest Income 10,609 9,691 12,604
Net Interest Income/expense - - -
Equity in Income (losses) of Jiangxi Investments - - -
Gain on Disposal of Jiangxi Investments - - -
Write-off of Jiangxi Investments - - -
Currency Translation Gain(Loss) (3,086) (4,958) (4,735)
Currency Translation Gain(Loss) - - -
Gain/loss on Changes in Fair Value of Financial Instruments (4,419) (417) -
Other Income - - 1,946
Loss on Changes in Fair Value of Financial Instrument - - (1,839)
Other Income/expense 2,932 1,600 -
Earnings before Taxes 454,568 306,651 265,427
Supplementary Info
Operating Income (Loss) 576,656 371,712 309,384
Basic EPS - Continuing Operations 2 1 1
Basic EPS - Discontinued Operations
Basic Earnings Per Share – Total 2 1 1
Diluted EPS - Continuing Operations 2 1 1
Diluted EPS - Discontinued Operations
Diluted Earnings Per Share – Total 2 1 1
Note: For multiple class companies, per share items are primary class equivalent, and for foreign companies listed as primary ADRs, per share items are ADR
18,507 17,912 -
108,194 123,665 92,710
126,701 141,577 -
- - -
- - -
- - -
- - -
Sino-Forest Corp. (TSX:TRE) > Financials > Balance Sheet
Template: As Presented
Period Type: Annual
Currency: Reported Currency
Units: Capital IQ (Default)
Balance Sheet
Balance Sheet as of:
Dec-31-2010 Dec-31-2009 Dec-31-2008
Currency USD USD USD
Units Thousands Thousands Thousands
Current Assets
Cash and Cash Equivalents 1,223,352 1,102,366 441,171
Short-term Deposits 32,101 70,387 45,784
Convertible Bonds - 29,446 2,659
Accounts Receivables 636,626 282,306 225,753
Due from Prc Cjv Partners - - -
Other Receivable S and Prepaid Expenses - - -
Due from Leizhou Forestry Bureau - - -
Inventories 61,978 45,978 43,200
Timber Holdings 3,122,517 2,183,489 1,653,306
Prepaids, Deposits and Other 125,238 54,747 21,768
Deposit for the Purchase of Logs - - -
Assets of Discontinued Operations - 1,531 31,122
Total Current Assets 2,079,295 1,586,761 811,457
Jiangxi Investments - - -
Sjxt Investment - - -
Goodwill-net - - -
Intangible Assets 139,910 636 -
Deferred Financing Costs - - -
Other Assets 274,161 115,636 75,457
Deposits - - -
Total Assets 5,729,033 3,963,899 2,603,924
Current Liabilities
Accounts Payable and Accrued Liabilities 499,854 250,287 179,903
Bank Indebtedness 153,959 103,991 67,188
Current Portion of Long-term Debt 87,670 - -
Income Taxes Payable 10,602 7,346 6,383
Derivative Financial Instruments - - 5,214
Liabilities of Discontinued Operations 3,699 12,156 32,004
Total Current Liabilities 755,784 373,780 290,692
Shareholders' Equity
Common Stock - Par Value 1,261,300 1,213,495 539,315
Additional Paid in Capital 11,673 12,200 7,599
Statutory Reserves 1,988 1,670 -
Retained Earnings 1,449,365 1,054,257 769,557
Accumulated Other Comprehensive Income 314,912 224,148 211,831
Cumulative Translation Adjustments - - -
Equity Portion of Convertible Senior Notes 158,883 158,883 70,462
Total Shareholders Equity 3,198,121 2,664,653 1,598,764
Total Liabilities & Shareholders Equity 5,729,033 3,963,899 2,603,924
Note: For multiple class companies, total share counts are primary class equivalent, and for foreign companies listed as primary ADRs, total share counts are
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - 4,230 2,445 2,644
57,708 32,924 23,442 9,513 549 550 624
- - - - - - -
1,837,497 1,207,255 895,271 756,049 418,854 336,895 281,601
- 624 1,070
- 1,315 1,037
- 31 32
- - -
1,820 1,783 -
625 - -
- - 2,250
220,170 178,271 100,501
Cash Flow
For the Fiscal Period Ending 12 months 12 months 12 months
Dec-31-2010 Dec-31-2009 Dec-31-2008
Currency USD USD USD
Units Thousands Thousands Thousands
Operating Activities
Net Income 395,426 286,370 228,593
Depletion of Timber Holdings Included in Cost of Sales 746,474 522,397 284,532
Depreciation, Amortization and Depletion 7,919 4,693 3,206
Amortization and Write-off of Deferred Financing Costs - - -
Loss on Disposal of Capital Asset - - -
Write-off of Jiangxi Investments - - -
Gain on Disposal of Jiangxi Investments - - -
Impairment of Timber Holdings and Capital Assets - - 219
Interest on Equity Component of Exchangeable Notes - - -
Equity in Losses of Jiangxi Investments - - -
Stock based Compensation 3,573 4,601 4,276
Exchange Gain/loss - - -
Unrealized Exchange Gain/loss (2,089) 1,880 5,604
Cash Flows from (used In) Operating Activities of Discontinued Operations (562) (826) (3,826)
Amortization of Redemption Premium on Long-term Debt - - -
Reduction in Amount Due from Cjv Partners in Exchange for Timber Holdings - - -
Interest Income from Mandra - - (1,200)
Gain/loss on Change in Fair Value of Financial Instruments 4,419 417 1,839
Net Income, (Loss) from Discontinued Operations (8,179) (7,583) 12,729
Accretion of Convertible Senior Notes 26,555 13,689 4,769
Accretion of Exchangeable Notes - - -
Others (511) (751) 2,656
Accounts Receivable - - -
Inventories - - -
Accounts Payable and Accrued Liabilities - - -
Income Taxes Payables - - -
Other Receivables and Prepaid Expenses - - -
Non-cash Working Capital (333,502) (41,196) (60,040)
Due from PRC CJV partners - - -
Due from Leizhou Forestry Bureau - - -
Cash Flow from Operating Activities 839,523 783,691 483,357
Investing Activities
Additions to Timber Holdings (1,358,878) (1,032,009) (656,727)
Purchase of Capital Assets (25,240) (11,649) (29,187)
Proceeds from Disposal of Capital Assets 296 216 8
Business Acquisitions 2,139 - (1,928)
Short-term Deposits - - -
Non-pledged Short-term Deposits 21,872 (10,942) (5,604)
Acquisition of Convertible Bonds - (200) -
Investment in Sjxt - - -
Proceeds on Disposal of Jiangxi Investments - - -
Other Assets (43,331) (38,041) (9,554)
Repayment of Advances to Sjxt - - -
Other Invest. Cash Flow Items 75 - -
Proceeds from Disposal of Other Assets - - -
Cash Flow from Investing Activities (1,401,589) (1,068,505) (704,228)
Financing Activities
Issuance of Long-term Debt 624,750 460,000 345,000
Repayment of Long-term Debt (530) (150,000) -
Issuance of Exchangeable Notes, Net - - -
Issuance of Convertible Debentures - - -
Amounts Due to Related Parties - - -
Changes in Bank Indebtedness 47,962 36,534 16,031
Short-term Debt, Notes Payable, Etc - - -
Issuance (repurchase) of Share Capital, Net 8,555 652,474 1,591
Proceeds from Exercise of Share Options of a Subsidiary 3,079 - -
Pledged Short-term Deposits 17,255 (13,633) (16,314)
Payments on Derivative Financial Instruments - (5,781) (4,919)
Payments on Deferred Financing Costs - - (9,135)
Deferred Financing Costs (20,328) (27,591) -
Cash Flow from Financing Activities 680,743 946,031 332,254
Other Adjustments
Foreign Exchange Rate Effect on Cash and Cash Equivalents 2,309 (22) 1,558
Cash Flows from (used In) Investing Activities of Discontinued Operations 1,478 24,120 (1,236)
Cash Flow (Used In) Financing Activities of Discontinued Operations - (5,972) (460)
Cash Flow Net Changes in Cash 120,986 661,195 112,481
- - -
(54,448) (27,505) (22,880)
- - -
- - -
(8,129) - -
- - -
- - -
- (278) -
700 - -
- - -
796 - -
- - -
- - -
(61,081) (27,783) (22,880)
795 24,738 -
(941) (742) -
- 13,266 -
- - -
- - -
14,101 2,130 -
- - -
(557) 18 687
- - -
- - -
- - -
- - -
(235) - -
13,163 39,410 687
- - 108
- - -
- - -
(21,347) 38,679 (6,768)
Sino-Forest Corp. (TSX:TRE) > Financials > Multiples
View: Data
Order: Latest on Left
Multiples Detail
P/BV Average 2 1
High 2 2
Low 1 1
Close 2 1
P/Tangible BV Average 2 1
High 2 2
Low 1 1
Close 2 1
Average multiples are calculated using positive close values on each trading day within the frequency periods selected. Negative values are excluded from the
When a mismatch exists between the currency of the equity listing and the reported financial results such results are translated into the currency of the listing a
2 3 - - - - -
3 3 - - - - -
2 3 - - - - -
2 3 - - - - -
5 6 5 5 4 3 3
5 7 6 5 5 3 5
4 5 4 4 3 2 2
4 5 6 5 4 3 3
4 5 - - - - -
4 5 - - - - -
3 4 - - - - -
3 4 - - - - -
11 13 11 9 7 6 7
13 15 14 11 9 8 11
10 11 9 7 5 5 4
10 12 13 10 8 5 7
13 15 13 10 8 8 9
15 17 15 13 10 11 14
11 14 11 7 6 5 5
11 14 15 12 8 6 10
11 13 - - - - -
14 15 - - - - -
9 12 - - - - -
9 13 - - - - -
19 21 18 14 11 10 11
21 23 21 18 13 13 18
16 19 15 10 8 7 6
16 21 21 16 11 8 11
2 2 2 1 1 1 1
2 2 2 2 1 1 2
1 2 1 1 1 1 1
1 2 2 2 1 1 1
2 2 2 1 1 1 1
2 2 2 2 1 1 2
1 2 1 1 1 1 1
1 2 2 2 1 1 1
NM NM NM NM NM NM NM
NM NM NM NM NM NM NM
NM NM NM NM NM NM NM
NM NM NM NM NM NM NM
NM NM NM NM NM NM NM
NM NM NM NM NM NM NM
NM NM NM NM NM NM NM
NM NM NM NM NM NM NM
s selected. Negative values are excluded from the calculation. When the Multiples are not meaningful, due to negative values, then they will not be displayed in the chart.
sults are translated into the currency of the listing at the exchange rate applicable on the financial period end date.
Sep-30-2008 Jun-30-2008 Mar-31-2008 Dec-31-2007 Sep-28-2007 Jun-29-2007 Mar-30-2007
4 5 5 6 4 3 3
5 5 6 6 6 4 3
3 4 4 5 3 3 2
3 5 4 6 6 3 3
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
6 7 8 10 8 6 5
7 8 10 12 11 7 6
5 6 6 9 6 6 4
5 7 6 10 11 6 6
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
15 17 18 21 17 13 12
17 19 21 25 23 15 13
11 15 15 18 13 12 10
11 16 16 21 23 14 13
19 21 19 23 20 15 13
21 25 22 28 25 18 14
14 18 16 18 15 13 10
14 21 19 21 25 16 14
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
24 27 27 33 28 21 18
27 31 31 40 36 26 21
18 23 23 26 22 19 14
18 27 24 30 36 23 20
2 3 3 4 3 3 2
3 3 4 4 4 3 3
2 2 2 3 2 2 2
2 3 2 3 4 3 3
2 3 3 4 3 3 2
3 3 4 4 4 3 3
2 2 2 3 2 2 2
2 3 3 3 4 3 3
NM NM NM NM NM NM NM
NM NM NM NM NM NM NM
NM NM NM NM NM NM NM
NM NM NM NM NM NM NM
NM NM NM NM NM NM NM
NM NM NM NM NM NM NM
NM NM NM NM NM NM NM
NM NM NM NM NM NM NM
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
4 3 3 4 3 3 3
5 4 4 4 4 3 4
3 3 3 3 3 3 3
5 3 4 4 3 3 3
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
9 8 8 8 6 5 6
10 8 9 9 7 6 7
7 6 7 7 5 5 5
10 7 8 9 7 6 5
8 7 8 9 7 5 6
10 8 10 11 9 7 7
6 5 7 8 6 5 5
10 6 8 10 8 7 5
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
13 10 12 13 9 8 8
15 12 14 15 12 9 10
9 8 10 10 8 7 7
15 9 12 14 11 9 7
1 1 1 2 1 1 1
2 1 2 2 1 1 1
1 1 1 1 1 1 1
2 1 1 2 1 1 1
1 1 1 2 1 1 1
2 1 2 2 1 1 1
1 1 1 1 1 1 1
2 1 1 2 1 1 1
NM NM NM NM NM NM NM
NM NM NM NM NM NM NM
NM NM NM NM NM NM NM
NM NM NM NM NM NM NM
NM NM NM NM NM NM NM
NM NM NM NM NM NM NM
NM NM NM NM NM NM NM
NM NM NM NM NM NM NM
Mar-31-2005 Dec-31-2004 Sep-30-2004 Jun-30-2004 Mar-31-2004 Dec-31-2003 Sep-30-2003
2 2 1 1 2 1 1
2 2 1 1 2 2 2
2 1 1 1 1 1 1
2 2 1 1 1 2 1
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
5 5 4 4 6 5 6
6 5 5 5 7 6 7
4 4 3 3 4 4 5
4 5 5 4 4 6 5
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
8 7 6 6 9 8 8
9 8 7 8 12 10 10
6 6 5 6 7 7 7
7 7 7 6 7 10 9
8 7 6 7 10 8 7
9 8 7 9 14 11 10
7 6 6 6 6 6 5
7 7 7 6 6 11 8
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
11 9 8 9 18 15 15
13 11 9 12 26 19 20
9 7 7 7 11 12 11
9 10 9 7 11 19 15
1 1 1 1 1 1 1
1 1 1 1 2 1 1
1 1 1 1 1 1 1
1 1 1 1 1 1 1
1 1 1 1 1 1 1
1 1 1 1 2 1 1
1 1 1 1 1 1 1
1 1 1 1 1 1 1
NM NM NM NM NM NM NM
NM NM NM NM NM NM NM
NM NM NM NM NM NM NM
NM NM NM NM NM NM NM
NM NM NM NM NM NM NM
NM NM NM NM NM NM NM
NM NM NM NM NM NM NM
NM NM NM NM NM NM NM
Jun-30-2003 Mar-31-2003 Dec-31-2002 Sep-30-2002 Jun-28-2002 Mar-28-2002 Dec-31-2001
1 1 1 1 1 1 1
1 1 1 1 1 1 1
1 1 1 1 1 1 1
1 1 1 1 1 1 1
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
5 5 4 5 4 4 3
5 5 5 5 5 4 4
5 4 4 4 4 4 3
5 5 4 4 5 4 4
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
7 6 5 5 5 4 3
7 6 6 6 6 4 4
6 5 5 5 4 4 3
7 6 5 5 6 4 4
5 4 3 3 3 3 3
6 4 3 3 4 4 3
4 3 2 3 3 3 2
6 4 3 3 3 3 3
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
10 8 5 5 6 5 4
12 9 6 6 7 6 5
9 6 4 5 5 5 4
12 9 6 5 6 5 5
1
1 1
1
1 1
NM NM NM NM NM NM NM
NM NM NM NM NM NM NM
NM NM NM NM NM NM NM
NM NM NM NM NM NM NM
NM NM NM NM NM NM NM
NM NM NM NM NM NM NM
NM NM NM NM NM NM NM
NM NM NM NM NM NM NM
Sep-28-2001 Jun-29-2001 Mar-30-2001 Dec-29-2000 Sep-29-2000 Jun-30-2000 Mar-31-2000
1 1 1 1 1 1 1
1 1 1 1 1 1 1
1 1 1 1 1 1 1
1 1 1 1 1 1 1
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
3 3 2 2 3 3 4
3 3 3 3 3 4 4
3 2 2 2 3 2 3
3 3 3 2 3 3 3
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
3 3 3 3 3 3 4
3 3 3 3 4 4 4
3 2 2 2 3 3 3
3 3 3 2 3 3 3
3 3 2 2 3 4 4
3 3 3 3 4 4 5
2 2 2 2 3 3 4
2 3 3 2 3 3 4
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
4 4 4 4 5 5 6
5 5 5 4 6 6 7
4 4 3 3 4 5 5
4 4 4 3 4 5 6
1 1 1
1 1 1 1 1
1 1
1 1 1
1 1 1
1 1 1 1 1
1 1
1 1 1
NM NM NM NM NM NM -
NM NM NM NM NM NM -
NM NM NM NM NM NM -
NM NM NM NM NM NM -
NM NM NM NM NM NM -
NM NM NM NM NM NM -
NM NM NM NM NM NM -
NM NM NM NM NM NM -
Dec-31-1999 Sep-30-1999 Jun-30-1999 Mar-31-1999 Dec-31-1998 Sep-30-1998 Jun-30-1998
1 1 1 1 1 1 2
1 1 1 1 2 2 3
1 1 1 1 1 1 2
1 1 1 1 1 1 2
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
4 4 4 3 4 4 5
4 5 4 4 5 5 7
3 4 3 3 3 3 4
3 4 4 3 4 3 5
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
4 4 4 3 4 4 6
4 5 4 4 5 5 7
3 4 3 3 3 3 4
3 4 4 3 4 3 5
4 5 4 4 5 5 8
4 6 5 4 6 6 11
3 4 4 3 3 4 5
4 4 4 4 4 4 6
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
6 7 6 5 7 7 11
6 8 7 6 9 9 13
5 6 5 5 5 5 7
6 6 5 5 7 5 9
1 1 1 - - - 2
1 1 1 - - - 2
1 1 1 - - - 1
1 1 1 - - - 2
1 1 1 - - - 2
1 1 1 - - - 2
1 1 1 - - - 1
1 1 1 - - - 2
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
Mar-31-1998
2
3
2
2
-
-
-
-
4
5
4
4
-
-
-
-
5
5
4
5
9
11
8
9
-
-
-
-
10
13
9
10
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Sino-Forest Corp. (TSX:TRE) > Financials > Historical Capitalization
In Millions of the trading currency, except per share items. Frequency: Quarterly
Currency: Trading Currency
Units: Capital IQ (Default)
Historical Capitalization
Balance Sheet as of
Dec-31-2010 Sep-30-2010 Jun-30-2010
Pricing as of* Mar-15-2011 Nov-10-2010 Aug-10-2010
Currency CAD CAD CAD
Capitalization Detail
Share Price 22 22 17
Shares Out. 246 245 245
18 21 18 - - 8 -
243 242 220 220 186 183 183
- - 17 - - - 11
183 183 183 182 181 138 138
- - 3,073 - - - 1,450
243 264 346 392 489 160 193
509 506 491 479 542 590 607
- - - - - - -
- - - - - - -
- - 3,219 - - - 1,869
- - - 7 - - -
138 138 138 138 138 138 137
- - - 930 - - -
210 258 172 162 186 183 237
562 551 461 398 383 397 402
- - - - - - -
- - - - - - -
- - - 1,166 - - -
4 - - - 3 - -
137 137 135 96 96 80 80
572 - - - 260 - -
271 313 98 31 37 41 33
395 418 170 176 179 210 214
- - - - - - -
- - - - - - -
701 - - - 409 - -
- 2 - - - 1 -
80 80 80 80 80 80 80
- 161 - - - 86 -
44 44 51 71 78 49 59
218 214 188 192 193 137 135
- - - - - - -
- - - - - - -
- 307 - - - 171 -
- - 1 - - - 2
80 80 80 80 80 80 81
- - 88 - - - 133
26 31 40 - - - 57
76 73 72 46 45 44 51
- - - - - - -
- - - - - - -
- - 121 - - - 127
- - - 2 - - -
81 81 81 81 74 74 74
- - - 121 - - -
- - - 1 - - 8
16 16 16 9 - - 10
- - - - - - -
- - - - - - -
- - - 128 - - -
Available Credit
Undrawn Revolving Credit 24 - 81
Total Undrawn Credit 24 - 81
Additional Totals
Total Cash & ST Investments 1,242 - 1,172
Net Debt 659 - (143)
Total Senior Debt 1,948 102.46% 1,063
Total Convertible Debt 707 37.18% 659
Total Short-Term Borrowings 154 8.10% 104
Curr. Port. of LT Debt/Cap. Leases 88 4.61% -
Long-Term Debt (Incl. Cap. Leases) 1,660 87.29% 925
Total Bank Debt 154 8.10% 104
Total Secured Debt 1,241 65.28% 404
Senior Secured Loans 154 8.10% 104
Senior Secured Bonds and Notes 1,087 57.18% 300
Total Senior Secured Debt 1,241 65.28% 404
Total Unsecured Debt 707 37.18% 659
Senior Unsecured Bonds and Notes 707 37.18% 659
Fixed Rate Debt 1,901 99.98% 1,003
Variable Rate Debt - - -
Credit Ratios
Net Debt/EBITDA - NM
Total Debt/EBITDA 1 - 1
Total Senior Debt/EBITDA 1 - 1
Total Senior Secured/EBITDA 1 -
Net Debt/(EBITDA-CAPEX) NM - NM
Total Debt/(EBITDA-CAPEX) NM - NM
Total Senior Debt/(EBITDA-CAPEX) NM - NM
Total Senior Secured/(EBITDA-CAPEX) NM - NM
- 122 - 79 - 20 -
- 122 - 79 - 20 -
- 1 - - 1 -
- 1 - 1 - 2 -
- 1 - 1 - 2 -
- 1 - - -
- NM - NM - NM -
- NM - NM - NM -
- NM - NM - NM -
- NM - NM - NM -
- - - - - - -
4.21% 222 28.39% - - - -
4.21% 222 28.39% 38 7.54% - -
23.33% 135 17.31% 404 81.33% 38 7.20%
23.33% 135 17.31% - - 413 79.18%
55.08% 714 91.40% 442 88.86% 450 86.38%
34.82% - - - - - -
- 3 - 23 - 2 -
- 3 - 2 - 1 -
- 2 - 2 - 1 -
- 2 - 2 - 1 -
- 2 - 2 - 1 -
- 13 - 30 - 7 -
- 43 - 38 - 35 -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - 2 1.45% -
341 100.00% 329 100.00% 138 100.00% 136
13 - 10 - 22 - 3
13 - 10 - 22 - 3
133 - 225 - 29 - 28
209 - 103 - 110 - 108
341 100.00% 329 100.00% 136 98.55% 136
- - - - 30 21.80% 28
41 12.10% 29 8.68% 39 28.20% 48
- - - - 43 31.36% 5
300 87.90% 300 91.32% 56 40.44% 82
41 12.10% 29 8.68% 106 76.75% 107
41 12.10% 29 8.68% 77 56.01% 87
41 12.10% 29 8.68% 77 56.01% 87
- - - - - - -
41 12.10% 29 8.68% 77 56.01% 87
300 87.90% 300 91.32% 59 42.55% 48
300 87.90% 300 91.32% 30 21.80% 28
300 87.90% 300 91.32% 12 8.87% 28
0.00% - - 62 44.93% 59
1 - 1 - 1 - 2
1 - 3 - 2 - 3
1 - 3 - 2 - 3
- - 1 - 2
NM - NM - NM - NM
NM - NM - NM - NM
NM - NM - NM - NM
NM - NM - NM - NM
- - - - 43 31.36% 5
- - - - 14 9.81% 36
- - - - 12 8.91% 12
- - - - 11 8.00% 12
- - - - 11 8.00% 12
- - - - 91 66.08% 77
300 87.90% 0.09% 8 5.71% 10
2 - 2 - -
1 - 1 - -
1 - 1 - -
1 - 1 - -
1 - 1 - -
6 - 5 - 2 - 1
30 - 29 - 21 - 19
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
35.41% 38 44.06% - - - -
43.67% 38 43.77% - - - -
20.91% 10 12.17% - - - -
100.00% 86 100.00% - - - -
- - - - - - -
100.00% 86 100.00% 48 100.00% 35 100.00%
- 11 - - - - -
- 11 - - - - -
- 31 - 26 - 40 -
- 55 - 22 - (5) -
100.00% 86 100.00% - - - -
20.91% 10 12.17% - - - -
35.41% 38 44.06% 18 38.05% 4 11.76%
3.96% 1 1.09% 1 1.96% 1 2.11%
60.63% 47 54.85% 29 59.99% 30 86.12%
79.09% 76 87.83% - - - -
64.45% 59 68.31% - - - -
64.45% 59 68.31% - - - -
- - - - - - -
64.45% 59 68.31% - - - -
35.55% 27 31.69% - - - -
20.91% 10 12.17% - - - -
20.91% 10 12.17% - - - -
43.67% 38 43.77% - - - -
- 2 - 1 - NM -
- 4 - 1 - 1 -
- 4 - - - - -
- 3 - - - - -
- NM - NM - NM -
- NM - NM - 4 -
- NM - - - - -
- NM - - - - -
- - - -
- - - -
- - - - -
- - - - - -
- - - - - -
- 1 - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
6 6.28%
85 93.72%
- -
91 100.00%
12 months Dec-31-1998
USD
Millions % of Total
- -
- -
- -
- -
- -
6 100.00%
- -
- -
1 -
5 -
- -
- -
2 34.99%
6.48%
3 58.52%
- -
- -
- -
- -
- -
- -
- -
- -
- -
-
-
- -
- -
4 -
5 -
- -
- -
6.48%
1 12.97%
1 12.97%
1 12.97%
1 12.97%
3 58.35%
- -
-
-
- -
- -
- -
-
- -
- -
- -
- -
- -
- -
May-24-2000 -
Sino-Forest Corp. (TSX:TRE) > Financials > Capital Structure Details
Principal Due in Millions of the reported
currency. Period Type: Annual Source:
Currency: Reported Currency Conversion:
Units: Capital IQ (Default) Decimals:
Repayment
Seniority Secured Convertible Currency
Senior Yes No USD
Repayment
Seniority Secured Convertible Currency
Senior Yes No USD
Ratios
For the Fiscal Period Ending 12 months 12 months 12 months
Dec-31-2010 Dec-31-2009 Dec-31-2008
Profitability
Return on Assets % 7.44% 7.07% 8.71%
Return on Capital % 8.15% 7.65% 9.51%
Return on Equity % 12.98% 13.08% 17.32%
Return on Common Equity % 13.21% 13.08% 17.32%
Margin Analysis
Gross Margin % 34.91% 35.57% 40.84%
SG&A Margin % 4.66% 5.17% 5.96%
EBITDA Margin % 69.20% 72.59% 66.64%
EBITA Margin % 29.98% 30.02% 34.53%
EBIT Margin % 29.98% 30.02% 34.53%
Earnings from Cont. Ops Margin % 19.96% 22.52% 26.93%
Net Income Margin % 20.56% 23.13% 25.51%
Net Income Avail. for Common Margin % 20.13% 22.52% 26.93%
Normalized Net Income Margin % 14.91% 15.48% 18.51%
Levered Free Cash Flow Margin % -27.40% -28.97% -35.42%
Unlevered Free Cash Flow Margin % -23.24% -25.39% -31.80%
Asset Turnover
Total Asset Turnover
Fixed Asset Turnover 1 1 1
Accounts Receivable Turnover 4 5 5
Inventory Turnover 23 18 12
Altman Z Score 2 NA NA
1 1 1 1 1 1
1 1 1 1 1 1 1
6 5 5 4 4 5 6
15 33 69 117 196 170 63
3 2 2 4 1 1 1
2 2 2 4 1 1 1
2 2 2 1 1
59 80 76 88 85 69 59
24 11 5 3 2 2 6
29 49 32 41 30 26 34
53 43 49 51 57 45 32
4 3 4 4 4 4 5
11 8 8 6 6 5 5
NM NM NM NM NM NM NM
1 2 1 3 2 3 4
1 1 1 1 2 2
NM NM NM NM NM NM NM
NM NM NM NM NM NM NM
NA 4 3 2 3 2 2
1 1 1
1 1 1
7 13 28
NA NA NA
1 3 1
1 3 1
1 1 1
54 28 13
NA NA NA
NA 26 NA
NA NA NA
8 14 NM
8 15 NM
NM 4 21
1 1
1 NM
NM 4 5
NM NM 4
3 4 7
35.81% 47.21% NA
25.86% 39.57% NA
28.68% 44.73% NA
30.02% 50.99% NA
30.02% 50.99% NA
27.46% 44.83% NA
45.68% 56.39% NA
29.56% 48.50% NA
20.80% 30.95% NA
47.64% 48.97% NA
64.43% NA NA
75.69% 46.16% NA
47.49% 42.25% NA
62.39% 71.74% NA
62.31% 71.60% NA
28.02% 60.58% NA
150.96% 115.27% NA
NM NA NA
NM NA NA
NA NA NA
Sino-Forest Corp. (TSX:TRE) > Financials > Supplemental
In Millions of the reported currency, except per share items. Restatement: Latest Filings
Currency: Reported Currency
Order: Latest on Left
Decimals: 0
Supplemental
For the Fiscal Period Ending 12 months 12 months 12 months
Dec-31-2010 Dec-31-2009 Dec-31-2008
Currency USD USD USD
Options Outstanding
Options Out. at the Beginning of the Period 4 3 4
Options Granted During the Period 1
Options Exercised During the Period 1 - 1
Options Cancelled During the Period - -
Options Out. at the End of the Period 3 4 3
6 4 3 1 - -
2 2 2 3 - -
3 - 1 - -
- - - - -
4 6 4 3 - -
- - - - - 1 1
- - - - - - -
- - - - - -
- - - - -
- - - - - 1 1
- - - - - - -
- - - - - - -
6 4 3 1 1 1
2 2 2 3 - -
3 - 1 -
- - -
4 6 4 3 1 1
3 3 1 1 - - -
3 3 3 7 - - -
7 7 2 1 - -
7 7 2 2 1 - -
7 7 1 2 1 - -
6 7 1 1 1 - -
6 7 1 1 1 - -
56 49 49 12 1 - -
90 83 56 19 4 - -
2027 2017 2013 2012 2009 - -
- - - 1,826 - 3 1
- - - - - - -
- - -
- - -
- - -
- - -
- - -
1 -
1 - -
- -
- - -
1 -
$2 $2 -
$2 - -
1 -
1 - -
- -
- - -
1 -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
Business Segments
Reclassified Reclassified
For the Fiscal Period Ending 12 months 12 months 12 months
Dec-31-2010 Dec-31-2009 Dec-31-2008
Currency USD USD USD
Revenues
Plantation Fibre 1,401 954 685
Other Fibre 454 238 154
Manufacturing 67 46 57
Greenheart 1 - -
Wood-Based - - -
Wood Chips and Logs - - -
Total Revenues 1,924 1,238 896
Interest Expense
Plantation Fibre (1) (1) (1)
Other Fibre (2) (2) (2)
Manufacturing (1) (1) (1)
Greenheart (1) - -
Corporate (123) (68) (48)
Wood-Based - - -
Total Interest Expense (128) (71) (52)
Tax Expense
Plantation Fibre 63 26 19
Other Fibre 5 2 4
Manufacturing 1 1
Greenheart 1 - -
Corporate 1 (1) -
Wood-Based - - -
Total Tax Expense 71 28 24
Assets
Plantation Fibre 3,891 2,478 1,914
Other Fibre 329 215 385
Manufacturing 257 197 251
Greenheart 296 - -
Corporate 956 1,075 54
Wood-Based - - -
Wood Chips and Logs - - -
Total Assets 5,729 3,964 2,604
Capital Expenditure
Plantation Fibre (1,658) (1,053) (673)
Other Fibre (1)
Manufacturing (32) (17) (28)
Greenheart (215) - -
Corporate (2) (1)
Wood-Based - - -
Total Capital Expenditure (1,907) (1,072) (702)
Geographic Segments
Reclassified Reclassified
For the Fiscal Period Ending 12 months 12 months 12 months
Dec-31-2010 Dec-31-2009 Dec-31-2008
Currency USD USD USD
Revenues
Other Countries 51 9 6
People's Republic of China (PRC) 1,782 1,230 895
Total Revenues 1,834 1,239 901
Interest Expense
People's Republic of China (PRC) - - -
Total Interest Expense - - -
Assets
Other Countries - - -
People's Republic of China (PRC) 3,151 2,260 1,744
New Zealand 80 - -
Total Assets 3,232 2,260 1,744
Capital Expenditure
People's Republic of China (PRC) - - -
Total Capital Expenditure - - -
18 13 7 5 3 (2) -
- - - - -
- - - -
- - - - - - -
- - - -
- - - 1 -
18 13 7 5 3 -
1,309 856 691 442 294 229 190
52 65 - - - - -
252 141 122 - - - -
- - - - - - -
224 144 82 181 9 - -
- - - 133 116 108 92
- - - - - - -
1,837 1,207 895 756 419 337 282
- - - - -
714 555 493 317 266 201 137
714 555 493 317 266 201 137
197 - 113 - - 31 21
197 - 113 - - 31 21
160 - 89 - 33 20 -
160 - 89 - 33 20 -
18 - 7 - 3 -
18 - 7 - 3 -
152 - 82 - 30 21 -
152 - 82 - 30 21 -
- 181 - - - - -
1,837 1,026 895 756 419 337 282
- - - - - - -
1,837 1,207 895 756 419 337 282
290 - 143 - 31 12 -
290 - 143 - 31 12 -
- - -
- - -
- - -
- - -
30 37 12
97 104 81
127 142 93
- - -
- - -
- - -
- - -
- - -
3 5 3
29 28 21
32 34 24
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
69 32 16
151 146 85
220 178 101
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
Restated Reclassified
12 months 12 months 12 months
Dec-31-2000 Dec-31-1999 Dec-31-1998
USD USD USD
- - -
127 142 93
127 142 93
32 34 24
32 34 24
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
- - -
220 178 101
- - -
220 178 101
- - -
- - -
- - -
- - -
Inventories 35% 6% -7% 207% 99% 179% 134% 33% -11% -59%
Other Assets 137% 53% 31% 75% 40% 146%
Timber Holdings 43% 32% 41% 56% 47% 43% 55%
Revenues 55% 38% 26% 29% 13% 49% 31% 34% 55% 12%
250%
200%
150%
Percent Change
100%
50%
0%
-50%
-100%
Toda Dec- Dec- Dec- Dec- Dec- Dec- Dec- Dec-
y 09 08 07 06 05 03 04 03
Data
Dec-01 Dec-00 Dec-99
2,404 (- ) (- )
(- ) (- ) (- )
625 - -
108,194 123,665 92,710
-13% 33%
Inventories
Timber Holdings
Revenues
Other Assets