Masco Corporation (MAS) Financial Statements (2025 and earlier)

Company Profile

Business Address 17450 COLLEGE PARKWAY
LIVONIA, MI 48152
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 343 - Heating Equipment, Except Electric And Warm Air; (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments398368634560380510
Cash and cash equivalents398368634560380510
Receivables1,3141,3101,0901,2451,3711,329
Inventory, net of allowances, customer advances and progress billings1,0571,0591,0221,0461,1441,196
Inventory1,0571,0591,0221,0461,1441,196
Contract with customer, asset, after allowance for credit loss2     
Other undisclosed current assets127113110113112113
Total current assets:2,8982,8502,8562,9643,0073,148
Noncurrent Assets
Operating lease, right-of-use asset254262268270264266
Property, plant and equipment1,1161,1111,1211,0771,0631,019
Intangible assets, net (including goodwill)960965981988877884
Goodwill601598604593540540
Intangible assets, net (excluding goodwill)359367377395337344
Other noncurrent assets1371481397297113
Other undisclosed noncurrent assets   (2)   
Total noncurrent assets:2,4672,4862,5072,4072,3012,282
TOTAL ASSETS:5,3655,3365,3635,3715,3085,430
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,6421,5891,6921,5961,6701,605
Accounts payable924899840844958913
Accrued liabilities718690852752712692
Debt35236679413
Other undisclosed current liabilities      
Total current liabilities:1,6451,6411,6951,6621,7492,018
Noncurrent Liabilities
Long-term debt and lease obligation2,9452,9452,9452,9462,9462,946
Long-term debt, excluding current maturities2,9452,9452,9452,9462,9462,946
Liabilities, other than long-term debt592592607596585586
Other liabilities347340349336333332
Operating lease, liability245252258260252254
Other undisclosed noncurrent liabilities11    
Total noncurrent liabilities:3,5383,5383,5523,5423,5313,532
Total liabilities:5,1835,1795,2475,2045,2805,550
Temporary equity, carrying amount   18192120
Equity
Equity, attributable to parent, including:(26)(75)(126)(56)(192)(379)
Common stock218220221224225225
Additional paid in capital    413 
Accumulated other comprehensive income223231249223241243
Accumulated deficit(467)(527)(596)(507)(671)(847)
Other undisclosed equity, attributable to parent  1    
Equity, attributable to noncontrolling interest208232224204199239
Total equity:182157981487(140)
TOTAL LIABILITIES AND EQUITY:5,3655,3365,3635,3715,3085,430

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

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Revenues2,0911,9261,8821,9792,1271,979
Cost of revenue
(Cost of Goods and Services Sold)
(1,306)(1,241)(1,228)(1,235)(1,358)(1,310)
Gross profit:785685654744769669
Operating expenses(388)(367)(407)(361)(366)(354)
Operating income:397318247383403315
Nonoperating expense(31)(30)(14)(37)(29)(30)
Other nonoperating income (expense)(5)(5)10(11)(1)(2)
Interest and debt expense(26)(25)(24)(26)(28)(28)
Income from continuing operations before equity method investments, income taxes:340263209320346257
Other undisclosed income from continuing operations before income taxes262624262828
Income from continuing operations before income taxes:366289233346374285
Income tax expense(94)(60)(32)(86)(96)(64)
Net income:272229201260278221
Net loss attributable to noncontrolling interest(14)(14)(10)(11)(15)(16)
Net income available to common stockholders, diluted:258215191249263205

Comprehensive Income ($ in millions)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Net income:272229201260278221
Other comprehensive income (loss)(10)(24)36(24)(7)22
Comprehensive income:262205237236271243
Comprehensive loss, net of tax, attributable to noncontrolling interest(13)(8)(19)(5)(10)(21)
Other undisclosed comprehensive income, net of tax, attributable to parent      
Comprehensive income, net of tax, attributable to parent:249197218231261222

Statements Sources

The financial statements are based on the Company's filings with 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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