Commercial Metals Company (CMC) financial statements (2021 and earlier)

Company profile

Business Address 6565 N. MACARTHUR BLVD., SUITE 800
IRVING, TX 75039
State of Incorp. DE
Fiscal Year End August 31
SIC 3312 - Steel Works, Blast Furnaces (Including Coke Ovens), and Rolling Mills (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

2/28/2021
TTM
11/30/2020
TTM
8/31/2020
8/31/2019
8/31/2018
8/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:367465542 622253
Other undisclosed cash, cash equivalents, and short-term investments367465542 622253
Receivables896869881 749707
Inventory, net of allowances, customer advances and progress billings777654625 589614
Inventory777654625 589614
Contract with customer, asset54 53  
Disposal group, including discontinued operation    1 
Other current assets 181  116140
Other undisclosed current assets112 113   
Total current assets:2,2062,1692,214 2,0771,714
Noncurrent Assets
Property, plant and equipment1,5571,5491,571 1,0751,061
Intangible assets, net (including goodwill)666464 6465
Goodwill666464 6465
Other noncurrent assets235234232 112135
Total noncurrent assets:1,8581,8471,868 1,2511,261
TOTAL ASSETS:4,0644,0174,082 3,3282,975
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities651592721 520589
Accounts payable309253266 261282
Accrued liabilities342340455 259307
Debt  18 2019
Disposal group, including discontinued operation    2 
Other undisclosed current liabilities23216   
Total current liabilities:674613745 542608
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,0111,0651,066 1,139806
Finance lease, liability363736 
Operating lease, liability99   
Other undisclosed long-term debt and lease obligation8761,0271,030 1,139806
Liabilities, other than long-term debt369404382 154160
Deferred tax liabilities, net3849
Deferred income tax liabilities127143131 
Other liabilities243261251 116111
Total noncurrent liabilities:1,3801,4691,447 1,293966
Total liabilities:2,0552,0822,192 1,8351,574
Stockholders' equity
Stockholders' equity attributable to parent2,0091,9351,889 1,4931,401
Common stock111 11
Treasury stock, value(154)(162)(175) (213)(232)
Additional paid in capital355349359 353349
Accumulated other comprehensive loss(102)(111)(104) (94)(82)
Retained earnings1,9091,8581,808 1,4461,364
Stockholders' equity attributable to noncontrolling interest000 00
Total stockholders' equity:2,0091,9351,889 1,4941,401
TOTAL LIABILITIES AND EQUITY:4,0644,0174,082 3,3282,975

Income statement (P&L) ($ in millions)

2/28/2021
TTM
11/30/2020
TTM
8/31/2020
8/31/2019
8/31/2018
8/31/2017
Revenues5,6055,4845,476 4,6444,570
Revenue, net4,570
Cost of revenue(4,748)(4,627)(4,601) (4,077)(4,098)
Cost of goods and services sold(4,665)(4,560)(4,532) (4,022)(4,023)
Gross profit:857856875 567472
Operating expenses(510)(510)(505) (401)(427)
Operating income:347346371 16545
Interest and debt expense(74)(60)(62) (41)(67)
Other undisclosed income from continuing operations before equity method investments, income taxes746062 4167
Income from continuing operations before income taxes:347346371 16545
Income tax expense(85)(87)(92) (30)(12)
Income from continuing operations:262259278 13533
Income from discontinued operations111 314
Net income available to common stockholders, diluted:263260280 13946

Comprehensive Income ($ in millions)

2/28/2021
TTM
11/30/2020
TTM
8/31/2020
8/31/2019
8/31/2018
8/31/2017
Net income:263260280 13946
Other comprehensive income (loss)19620 (12)31
Comprehensive income, net of tax, attributable to parent:282266300 12678

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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