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Domtar Corp (UFS) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2012

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 2012 FINANCIAL RESULTS

The conversion to specialty and packaging paper at the Marlboro mill nearing completion

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

 

 

Fourth quarter 2012 net earnings of $0.54 per share, earnings before items1 of $1.31 per share

 

 

Closed the sale of the Ottawa/Gatineau hydro assets for CDN$46 million

 

 

Free cash flow1 payout of 68% in 2012 through regular dividends and share buybacks

Montreal, February 1, 2013 –

Domtar Corporation (NYSE: UFS) (TSX: UFS) today reported net earnings of $19 million ($0.54 per share) for the fourth quarter of 2012 compared to net earnings of $66 million ($1.84 per share) for the third quarter of 2012 and net earnings of $61 million ($1.63 per share) for the fourth quarter of 2011. Sales for the fourth quarter of 2012 amounted to $1.3 billion.

Excluding items listed below, the Company had earnings before items1 of $46 million ($1.31 per share) for the fourth quarter of 2012 compared to earnings before items1 of $67 million ($1.87 per share) for the third quarter of 2012 and earnings before items1 of $93 million ($2.49 per share) for the fourth quarter of 2011.

Fourth quarter 2012 items:

 

 

Closure and restructuring costs of $27 million ($18 million after tax);

 

 

Charge of $12 million ($8 million after tax) related to the impairment and write-down of property, plant and equipment and intangible assets; and

 

 

Net losses on the sale of property, plant and equipment of $2 million ($1 million after tax).

Third quarter 2012 items:

 

 

Closure and restructuring costs of $2 million ($1 million after tax).

 

 

 

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 1, 2013 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 Cash Flows (parenthetical)
Consolidated Statements Of Earnings And Comprehensive Income
Consolidated Statements Of Earnings And Comprehensive Income (parenthetical)
Consolidated Statements Of Shareholders' Equity
Consolidated Statements Of Shareholders' Equity (parenthetical)
Acquisition Of Businesses
Acquisition Of Businesses (tables)
Acquisition Of Businesses - Additional Information (detail)
Acquisition Of Businesses - Fair Value Of Net Assets Acquired (detail)
Acquisition Of Businesses - Fair Value Of Net Assets Acquired (parenthetical) (detail)
Closure And Restructuring Costs And Liability
Closure And Restructuring Costs And Liability (tables)
Closure And Restructuring Costs And Liability - Activity In Closure And Restructuring Liability (detail)
Closure And Restructuring Costs And Liability - Additional Information (detail)
Closure And Restructuring Costs And Liability - Components Of Closure And Restructuring Cost By Segment (detail)
Commitments And Contingencies
Commitments And Contingencies (tables)
Commitments And Contingencies - Additional Information (detail)
Commitments And Contingencies - Anticipated Undiscounted Payments (detail)
Commitments And Contingencies - Changes In Reserve For Environmental Remediation And Asset Retirement Obligations (detail)
Commitments And Contingencies - Minimum Future Payments Under Operating Leases And Other Commercial Commitments (detail)
Derivative And Hedging Activities And Fair Value Measurement - Beginning And Ending Balances Measured At Fair Value On Recurring Basis (detail)
Derivatives And Hedging Activities And Fair Value Measurement
Derivatives And Hedging Activities And Fair Value Measurement (tables)
Derivatives And Hedging Activities And Fair Value Measurement - Additional Information (detail)
Derivatives And Hedging Activities And Fair Value Measurement - Currency Values Under Contracts Pursuant To Currency Options Outstanding (detail)
Derivatives And Hedging Activities And Fair Value Measurement - Derivative Financial Instruments For Natural Gas Contracts Outstanding (detail)
Derivatives And Hedging Activities And Fair Value Measurement - Effect Of Derivative Instruments On Consolidated Statements Of Earnings And Comprehensive Income And Consolidated Statements Of Shareholders' Equity, Net Of Tax (detail)
Derivatives And Hedging Activities And Fair Value Measurement - Fair Value Of Financial Instruments (detail)
Derivatives And Hedging Activities And Fair Value Measurement - Fair Value Of Financial Instruments (parenthetical) (detail)
Earnings Per Share
Earnings Per Share (tables)
Earnings Per Share - Reconciliation Between Basic And Diluted Earnings Per Share (detail)
Earnings Per Share - Securities That Could Potentially Diluted Basic Earnings Per Share In Future (detail)
Goodwill
Goodwill (tables)
Goodwill - Additional Information (detail)
Goodwill - Change In Carrying Value Of Goodwill (detail)
Impairment And Write-down Of Property, Plant And Equipment And Intangible Assets
Impairment And Write-down Of Property, Plant And Equipment And Intangible Assets - Additional Information (detail)
Income Taxes
Income Taxes (tables)
Income Taxes - Additional Information (detail)
Income Taxes - Components Of Earnings Before Income Taxes (detail)
Income Taxes - Deferred Tax Assets And Liabilities (detail)
Income Taxes - Gross Unrecognized Tax Benefits (detail)
Income Taxes - Provision For Income Taxes (detail)
Income Taxes - Reconciliation Of Income Tax Expense (benefit) To U.s. Federal Statutory Income Tax (detail)
Intangible Assets
Intangible Assets (tables)
Intangible Assets - Additional Information (detail)
Intangible Assets - Amortization Expense Related To Intangible Assets (detail)
Intangible Assets - Components Of Intangible Assets (detail)
Intangible Assets - Components Of Intangible Assets (parenthetical) (detail)
Interest Expense, Net
Interest Expense, Net (tables)
Interest Expense, Net - Components Of Interest Expense (detail)
Interest Expense, Net - Components Of Interest Expense (parenthetical) (detail)
Interim Financial Results
Interim Financial Results (tables)
Interim Financial Results - Schedule Of Interim Financial Results (detail)
Interim Financial Results - Schedule Of Interim Financial Results (parenthetical) (detail)
Inventories
Inventories (tables)
Inventories - Components Of Inventories (detail)
Long-term Debt
Long-term Debt (tables)
Long-term Debt - Additional Information (detail)
Long-term Debt - Components Of Long-term Debt (detail)
Long-term Debt - Principal Long-term Debt Repayments, Including Capital Lease Obligations (detail)
Long-term Debt - Principal Long-term Debt Repayments, Including Capital Lease Obligations (parenthetical) (detail)
Other Assets
Other Assets (tables)
Other Assets - Components Of Other Assets (detail)
Other Liabilities And Deferred Credits
Other Liabilities And Deferred Credits (tables)
Other Liabilities And Deferred Credits - Additional Information (detail)
Other Liabilities And Deferred Credits - Components Of Other Liabilities And Deferred Credits (detail)
Other Liabilities And Deferred Credits - Domtar's Asset Retirement Obligations (detail)
Other Operating Loss (income), Net
Other Operating Loss (income), Net (tables)
Other Operating Loss (income), Net - Components Of Other Operating Loss (income) (detail)
Other Operating Loss (income), Net - Components Of Other Operating Loss (income) (parenthetical) (detail)
Pension Plans And Other Post-retirement Benefit Plans
Pension Plans And Other Post-retirement Benefit Plans (tables)
Pension Plans And Other Post-retirement Benefit Plans - Additional Information (detail)
Pension Plans And Other Post-retirement Benefit Plans - Allocation Of Plan Assets, Based On Fair Value Of Assets Held And Target Allocation (detail)
Pension Plans And Other Post-retirement Benefit Plans - Allocation Of Plan Assets, Based On Fair Value Of Assets Held And Target Allocation (parenthetical) (detail)
Pension Plans And Other Post-retirement Benefit Plans - Amount Recognized In Consolidated Balance Sheets (detail)
Pension Plans And Other Post-retirement Benefit Plans - Change In Fair Value Of Assets (detail)
Pension Plans And Other Post-retirement Benefit Plans - Changes In Accrued Benefit Obligation (detail)
Pension Plans And Other Post-retirement Benefit Plans - Changes In Level 3 Fair Value Measurements Of Plan Assets (detail)
Pension Plans And Other Post-retirement Benefit Plans - Components Of Net Periodic Benefit Cost For Pension Plans And Other Post-retirement Benefit Plans (detail)
Pension Plans And Other Post-retirement Benefit Plans - Components Of Net Periodic Benefit Cost For Pension Plans And Other Post-retirement Benefit Plans (parenthetical) (detail)
Pension Plans And Other Post-retirement Benefit Plans - Effect Of One Percent Change In Assumed Health Care Cost (detail)
Pension Plans And Other Post-retirement Benefit Plans - Estimated Future Benefit Payments From Plans (detail)
Pension Plans And Other Post-retirement Benefit Plans - Fair Value Of Plan Assets By Asset Category (detail)
Pension Plans And Other Post-retirement Benefit Plans - Fair Value Of Plan Assets By Asset Category (parenthetical) (detail)
Pension Plans And Other Post-retirement Benefit Plans - Funded Status Of Plans (detail)
Pension Plans And Other Post-retirement Benefit Plans - Key Assumptions To Measure Accrued Benefit Obligation And Net Periodic Benefit Cost (detail)
Pension Plans And Other Post-retirement Benefit Plans - Net Periodic Benefit Cost Included In Accumulated Other Comprehensive Loss (detail)
Pension Plans And Other Post-retirement Benefit Plans - Pre-tax Amounts Included In Other Comprehensive Income (loss) (detail)
Pension Plans And Other Post-retirement Benefit Plans - Schedule Of Multiemployer Plans (detail)
Property Plant And Equipment - Additional Information (detail)
Property, Plant And Equipment
Property, Plant And Equipment (tables)
Property, Plant And Equipment - Components Of Property, Plant And Equipment (detail)
Recent Accounting Pronouncements
Sale Of Wood Business And Woodland Mill
Sale Of Wood Business And Woodland Mill - Additional Information (detail)
Schedule Ii - Valuation And Qualifying Accounts
Schedule Ii - Valuation And Qualifying Accounts (detail)
Segment Disclosures
Segment Disclosures (tables)
Segment Disclosures - Additions To Property, Plant And Equipment (detail)
Segment Disclosures - Analysis And Reconciliation Of Segment Information (detail)
Segment Disclosures - Analysis And Reconciliation Of Segment Information (parenthetical) (detail)
Segment Disclosures - Consolidated Assets (detail)
Segment Disclosures - Geographic Information On Sales (detail)
Segment Disclosures - Long-lived Assets (detail)
Shareholders' Equity
Shareholders' Equity (tables)
Shareholders' Equity - Additional Information (detail)
Shareholders' Equity - Changes In Number Of Outstanding Common Stock And Their Aggregate Stated Value (detail)
Shareholders' Equity - Changes In Number Of Outstanding Common Stock And Their Aggregate Stated Value (parenthetical) (detail)
Stock-based Compensation
Stock-based Compensation (tables)
Stock-based Compensation - Additional Information (detail)
Stock-based Compensation - Assumptions Used In Calculating Fair Value Of Options Granted (detail)
Stock-based Compensation - Summary Of Outstanding Awards (detail)
Stock-based Compensation - Summary Of Outstanding Awards (parenthetical) (detail)
Stock-based Compensation - Summary Of Outstanding Awards, Options (detail)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (tables)
Summary Of Significant Accounting Policies - Additional Information (detail)
Summary Of Significant Accounting Policies - Amortization Period Of Finite Lived Assets (detail)
Supplemental Guarantor Financial Information
Supplemental Guarantor Financial Information (tables)
Supplemental Guarantor Financial Information - Additional Information (detail)
Supplemental Guarantor Financial Information - Condensed Consolidating Balance Sheet (detail)
Supplemental Guarantor Financial Information - Condensed Consolidating Statement Of Cash Flows (detail)
Supplemental Guarantor Financial Information - Condensed Consolidating Statement Of Earnings And Comprehensive Income (loss) (detail)
Trade And Other Payables
Trade And Other Payables (tables)
Trade And Other Payables - Trade And Other Payables (detail)
Ticker: UFS
CIK: 1381531
Form Type: 10-K Annual Report
Accession Number: 0001193125-13-081895
Submitted to the SEC: Thu Feb 28 2013 7:03:08 AM EST
Accepted by the SEC: Thu Feb 28 2013
Period: Monday, December 31, 2012
Industry: Paper Mills

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