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Domtar Corp (UFS) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 31, 2011

SEC Filings

Domtar Corp

CIK: 1381531 Ticker: UFS

Exhibit 99.1

 

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395 de Maisonneuve Blvd. West

Montreal, QC H3A 1L6

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TICKER SYMBOL                        MEDIA AND INVESTOR RELATIONS
(NYSE: UFS) (TSX: UFS)               

Pascal Bossé

Vice-President

Corporate Communications and Investor Relations

Tel.: 514-848-5938

 

 

DOMTAR CORPORATION REPORTS PRELIMINARY FOURTH QUARTER AND FISCAL YEAR 2011 FINANCIAL RESULTS

Good financial results despite softness in global pulp markets

(All financial information is in U.S. dollars, and all earnings per share results are diluted, unless otherwise noted.)

 

 

Fourth quarter 2011 net earnings of $1.63 per share, earnings before items1 of $2.49 per share

 

 

Personal care segment delivers financial performance in line with expectations

 

 

Share buyback totaled $494 million in 2011; share count reduced by 14% from December 2010

Montreal, February 3, 2012 –

Domtar Corporation (NYSE: UFS) (TSX: UFS) today reported net earnings of $61 million ($1.63 per share) for the fourth quarter of 2011 compared to net earnings of $117 million ($2.95 per share) for the third quarter of 2011 and net earnings of $325 million ($7.59 per share) for the fourth quarter of 2010. Sales for the fourth quarter of 2011 amounted to $1.4 billion. Excluding items listed below, the Company had earnings before items1 of $93 million ($2.49 per share) for the fourth quarter of 2011 compared to earnings before items1 of $123 million ($3.10 per share) for the third quarter of 2011 and earnings before items1 of $103 million ($2.41 per share) for the fourth quarter of 2010.

Fourth quarter 2011 items:

 

 

Closure and restructuring costs of $38 million ($23 million after tax), mostly related to the restructuring of certain U.S. pension benefit plans; and

 

 

Charge of $12 million ($9 million after tax) related to the impairment and write-down of property, plant and equipment.

Third quarter 2011 items:

 

 

Gains on the sale of property, plant and equipment of $4 million ($3 million after tax);

 

 

Charge of $8 million ($4 million after tax) related to the impairment and write-down of property, plant and equipment;

 

 

1 

Non-GAAP financial measure. Refer to the Reconciliation of Non-GAAP Financial Measures in the appendix.

 

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The following information was filed by Domtar Corp (UFS) on Friday, February 3, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Earnings
Consolidated Statements Of Shareholders' Equity
Consolidated Statements Of Shareholders' Equity (parenthetical)
Acquisition Of Business
Acquisition Of Business (fair Value Of Net Assets Acquired) (details)
Acquisition Of Business (narrative) (details)
Acquisition Of Business (tables)
Closure And Restructuring Costs And Liability
Closure And Restructuring Costs And Liability (activity In Closure And Restructuring Liability) (details)
Closure And Restructuring Costs And Liability (components Of Closure And Restructuring Costs By Segment) (details)
Closure And Restructuring Costs And Liability (narrative) (details)
Closure And Restructuring Costs And Liability (tables)
Commitments And Contingencies
Commitments And Contingencies (anticipated Undiscounted Payments) (details)
Commitments And Contingencies (changes In The Reserve For Environmental Remediation And Asset Retirement Obligations ) (details)
Commitments And Contingencies (minimum Future Payments Under Operating Leases And Other Commercial Commitments) (details)
Commitments And Contingencies (narrative) (details)
Commitments And Contingencies (tables)
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Comprehensive Income (comprehensive Income) (details)
Consolidated Statements Of Comprehensive Income (tables)
Derivatives And Hedging Activities And Fair Value Measurement
Derivatives And Hedging Activities And Fair Value Measurement (currency Values Under Contracts Pursuant To Currency Options Outstanding) (details)
Derivatives And Hedging Activities And Fair Value Measurement (derivative Financial Instruments For Natural Gas Contracts Outstanding) (details)
Derivatives And Hedging Activities And Fair Value Measurement (effect Of Derivative Instruments On The Consolidated Statements Of Earnings (loss) And Consolidated Statement Of Shareholders' Equity) (details)
Derivatives And Hedging Activities And Fair Value Measurement (fair Value Of Financial Instruments) (details)
Derivatives And Hedging Activities And Fair Value Measurement (narrative) (details)
Derivatives And Hedging Activities And Fair Value Measurement (tables)
Earnings Per Share
Earnings Per Share (reconciliation Between Basic And Diluted Earnings Per Share) (details)
Earnings Per Share (securities That Could Potentially Dilute Basic Earnings (loss) Per Share In Future) (details)
Earnings Per Share (tables)
Goodwill
Goodwill (changes In Carrying Value Of Goodwill) (details)
Goodwill (tables)
Impairment And Write-down Of Property, Plant And Equipment
Impairment And Write-down Of Property, Plant And Equipment (narrative) (details)
Income Taxes
Income Taxes (components Of Earnings Before Income Taxes) (details)
Income Taxes (deferred Tax Assets And Liabilities) (details)
Income Taxes (gross Unrecognized Tax Benefits) (details)
Income Taxes (narrative) (details)
Income Taxes (provisions For Income Taxes) (details)
Income Taxes (reconciliation Of Income Tax Expense (benefit) To U.s. Federal Statutory Income Tax) (details)
Income Taxes (tables)
Intangible Assets
Intangible Assets (amortization Expense Related To Intangible Assets) (details)
Intangible Assets (components Of Intangible Assets) (details)
Intangible Assets (narrative) (details)
Intangible Assets (tables)
Interest Expense, Net
Interest Expense, Net (details)
Interest Expense, Net (tables)
Interim Financial Results
Interim Financial Results (details)
Interim Financial Results (tables)
Inventories
Inventories (components Of Inventories) (details)
Inventories (tables)
Long-term Debt
Long-term Debt (components Of Long-term Debt) (details)
Long-term Debt (narrative) (details)
Long-term Debt (principal Long-term Debt Repayments, Including Capital Lease Obligations) (details)
Long-term Debt (tables)
Other Assets
Other Assets (details)
Other Assets (tables)
Other Liabilities And Deferred Credits
Other Liabilities And Deferred Credits (components Of Other Liabilities And Deferred Credits) (details)
Other Liabilities And Deferred Credits (domtar's Asset Retirement Obligations) (details)
Other Liabilities And Deferred Credits (narrative) (details)
Other Liabilities And Deferred Credits (tables)
Other Operating (income) Loss, Net (details)
Other Operating (income) Loss, Net (tables)
Other Operating Loss (income), Net
Pension Plans And Other Post-retirement Benefit Plans
Pension Plans And Other Post-retirement Benefit Plans (allocation Of Plan Assets, Based On The Fair Value Of Assets Held And Target Allocation) (details)
Pension Plans And Other Post-retirement Benefit Plans (amount Recognized In Consolidated Balance Sheets) (details)
Pension Plans And Other Post-retirement Benefit Plans (change In Accrued Benefit Obligation) (details)
Pension Plans And Other Post-retirement Benefit Plans (change In Fair Value Of Assets) (details)
Pension Plans And Other Post-retirement Benefit Plans (changes In Level 3 Fair Value Measurements Of Plan Assets) (details)
Pension Plans And Other Post-retirement Benefit Plans (components Of Net Periodic Benefit Cost For Pension Plans And Other Post-retirement Benefit Plans) (details)
Pension Plans And Other Post-retirement Benefit Plans (effect Of One Percent Change In Assumed Health Care Cost) (details)
Pension Plans And Other Post-retirement Benefit Plans (estimated Future Benefit Payments From The Plans) (details)
Pension Plans And Other Post-retirement Benefit Plans (fair Value Of Plan Assets By Asset Category) (details)
Pension Plans And Other Post-retirement Benefit Plans (funded Status Of Plans) (details)
Pension Plans And Other Post-retirement Benefit Plans (key Assumptions To Measure Accrued Benefit Obligation And Net Periodic Benefit Cost) (details)
Pension Plans And Other Post-retirement Benefit Plans (narrative) (details)
Pension Plans And Other Post-retirement Benefit Plans (net Periodic Benefit Cost Included In Accumulated Other Comprehensive Loss) (details)
Pension Plans And Other Post-retirement Benefit Plans (pre-tax Amounts Included In Other Comprehensive Income (loss)) (details)
Pension Plans And Other Post-retirement Benefit Plans (schedule Of Multiemployer Plans) (details)
Pension Plans And Other Post-retirement Benefit Plans (tables)
Property, Plant And Equipment
Property, Plant And Equipment (details)
Property, Plant And Equipment (tables)
Recent Accounting Pronouncements
Recent Accounting Pronouncements (policy)
Sale Of Wood Business And Woodland Mill
Sale Of Wood Business And Woodland Mill (details)
Schedule Ii - Valuation And Qualifying Accounts
Schedule Ii - Valuation And Qualifying Accounts (details)
Segment Disclosures
Segment Disclosures (additions To Property, Plant And Equipment) (details)
Segment Disclosures (analysis And Reconciliation Of Segment Information) (details)
Segment Disclosures (consolidated Assets) (details)
Segment Disclosures (geographic Information On Sales) (details)
Segment Disclosures (long-lived Assets) (details)
Segment Disclosures (tables)
Shareholders' Equity
Shareholders' Equity (changes In Number Of Outstanding Common Stock And Their Aggregate Stated Value) (details)
Shareholders' Equity (narrative) (details)
Shareholders' Equity (tables)
Stock-based Compensation
Stock-based Compensation (2007 Omnibus Incentive Plan, Pcrsus, Rsus, Dsus, Non-qualified Stock Options, Performance Stock Options) (details)
Stock-based Compensation (assumptions Used In Calculating Fair Value Of Options Granted) (details)
Stock-based Compensation (general Terms Of Awards Under Omnibus Plan) (details)
Stock-based Compensation (summary Of Outstanding Awards) (details)
Stock-based Compensation (summary Of Outstanding Awards, Options) (details)
Stock-based Compensation (tables)
Subsequent Events
Subsequent Events (details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (amortization Of Intangible Assets) (details)
Summary Of Significant Accounting Policies (narrative) (details)
Summary Of Significant Accounting Policies (policy)
Summary Of Significant Accounting Policies (tables)
Supplemental Guarantor Financial Information
Supplemental Guarantor Financial Information (condensed Consolidating Balance Sheet) (details)
Supplemental Guarantor Financial Information (condensed Consolidating Statement Of Cash Flows) (details)
Supplemental Guarantor Financial Information (condensed Consolidating Statement Of Earnings) (details)
Supplemental Guarantor Financial Information (tables)
Trade And Other Payables
Trade And Other Payables (details)
Trade And Other Payables (tables)
Ticker: UFS
CIK: 1381531
Form Type: 10-K Annual Report
Accession Number: 0001193125-12-081965
Submitted to the SEC: Mon Feb 27 2012 5:15:09 PM EST
Accepted by the SEC: Mon Feb 27 2012
Period: Saturday, December 31, 2011
Industry: Paper Mills

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