Some numbers

A week from tomorrow, lawyers representing 3 tobacco companies, up to 10 provincial governments and Quebec smokers will be facing off in a Toronto courtroom. Each side will be presenting Justice McEwan with their perspectives on the future of Canadian tobacco companies and the resolution of the lawsuits they face.

Voluminous material has been presented already to the court by the insolvency-pleading  manufacturers. It can be found on the sites of the Monitors (independent 3rd parties appointed to monitor the operations of the company during CCAA proceedings).

• The Monitor for Rothmans, Benson and Hedges is Ernst and Young.
• The Monitor for Imperial Tobacco is FTI Consulting
• The Monitor for JTI-Macdonald is Deloitte

As part of the application for creditor protection, each company was required to explain its circumstances. Their reports provide some numbers that might be useful to keep in mind.

Provincial government claims

Amount	Claimed by
$500 to $600 billion	Total claims facing industry
$330 billion	Ontario gov’t claim
$61 billion	Quebec gov’t claim
$10 billion	Alberta gov’t claim
$120 billion	British Columbia gov’t claim
$18 billion	New Brunswick gov't claim

Damages ordered in Quebec class action

Amount	Ordered against
$9.16 billion	Imperial Tobacco
$1.75 billion	JTI Macdonald
$2.706 billion	Rothmans, Benson Hedges

Next payment ordered by Quebec Court by May 1, 2019

Amount	Payable by
$759.2 million	Imperial Tobacco
$145 million	JTI Macdonald
$ 257 million	Rothmans, Benson Hedges

Assets (as of December 31, 2018)

Amount	Current assets held by:
$697 million	Imperial Tobacco
$307.3 million	JTI Macdonald
$1.875 billion	Rothmans, Benson Hedges
Amount	Other assets held by:
$4.84 billion	Imperial Tobacco
$1.583 billion	JTI Macdonald
$425 million	Rothmans, Benson Hedges

Liabilities (as of December 31, 2018)

Amount	Current liabilities  held by:
$867 million	Imperial Tobacco
$143,651,000	JTI Macdonald
$279 million	Rothmans, Benson & Hedges
Amount	Other liabilities held by:
$155 million	Imperial Tobacco
$144 million	JTI Macdonald
$60 million	Rothmans, Benson Hedges

Weekly earnings, based on cash forecast

Gross sales	Earned by:
$98,868,538.46	Imperial Tobacco
$19,800,538.46	JTI Macdonald
$57,440,000.00	Rothmans, Benson Hedges
Retained earnings	Earned by
$11,383,538.46	Imperial Tobacco
$1,169,307.69	JTI Macdonald
$13,160,000.00	Rothmans, Benson  Hedges

Number of employees

Number	Employed by
466 total	Imperial Tobacco
255 sales	Imperial Tobacco
800	Rothmans, Benson & Hedges
500	JTI employees

Sources
1. Imperial Tobacco Motion Record, including Thauvette Affidavit

2. JTI-Macdonald Motion record, including McMaster affidavit 

3. Rothmans, Benson and Hedges Motion record, including Luongo affidavit