McDermott International, Inc. (MDR) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
777 N. ELDRIDGE PARKWAY HOUSTON, TX 77079 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3443 - Fabricated Plate Work (Boiler Shops) (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)Annual | Quarterly
| 3/31/2020 Q1 | 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | 9/30/2018 Q3 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 677 | 455 | 413 | 520 | 580 | ||||
| Cash and cash equivalents | 677 | 455 | 413 | 520 | 580 | ||||
| Restricted cash and investments | 333 | 327 | 326 | 325 | 325 | ||||
| Receivables | 1,144 | 1,237 | 1,126 | 1,107 | 1,345 | ||||
| Inventory, net of allowances, customer advances and progress billings | 52 | 42 | 106 | 101 | 58 | ||||
| Inventory | 52 | 42 | 106 | 101 | 58 | ||||
| Contract with customer, asset, after allowance for credit loss | 1,063 | 932 | 1,006 | 704 | 723 | ||||
| Disposal group, including discontinued operation | |||||||||
| Other current assets | 149 | 152 | 148 | 139 | 145 | ||||
| Other undisclosed current assets | 68 | 94 | 114 | 137 | 176 | ||||
| Total current assets: | 3,486 | 3,239 | 3,239 | 3,033 | 3,352 | ||||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 361 | ✕ | ✕ | ||||||
| Property, plant and equipment | 2,118 | 2,054 | 2,051 | 2,067 | 2,106 | ||||
| Long-term investments and receivables | 450 | 446 | 453 | 452 | 444 | ||||
| Long-term investments | 450 | 446 | 453 | 452 | 444 | ||||
| Intangible assets, net (including goodwill) | 2,125 | 3,652 | 3,660 | 3,663 | 5,714 | ||||
| Goodwill | 1,335 | 2,704 | 2,681 | 2,654 | 4,708 | ||||
| Intangible assets, net (excluding goodwill) | 790 | 948 | 979 | 1,009 | 1,006 | ||||
| Other noncurrent assets | 165 | 156 | 156 | 163 | 188 | ||||
| Other undisclosed noncurrent assets | 49 | 451 | 470 | 62 | 252 | ||||
| Total noncurrent assets: | 5,268 | 6,759 | 6,790 | 6,407 | 8,704 | ||||
| TOTAL ASSETS: | 8,754 | 9,998 | 10,029 | 9,440 | 12,056 | ||||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 2,938 | 2,673 | 2,643 | 2,159 | 2,453 | ||||
| Accounts payable | 1,421 | 1,206 | 949 | 595 | 874 | ||||
| Accrued liabilities | 1,517 | 1,467 | 1,694 | 1,564 | 1,579 | ||||
| Deferred revenue | 1,359 | ✕ | ✕ | ||||||
| Debt | 962 | 62 | 208 | 31 | 36 | ||||
| Disposal group, including discontinued operation | |||||||||
| Contract with customer, liability | ✕ | ✕ | ✕ | 1,438 | 1,618 | 1,954 | 1,733 | ||
| Other undisclosed current liabilities | 3,474 | 513 | 149 | 73 | 82 | ||||
| Total current liabilities: | 8,733 | 4,686 | 4,618 | 4,217 | 4,304 | ||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 301 | 3,767 | 3,787 | 3,459 | 3,465 | ||||
| Long-term debt, excluding current maturities | 3,388 | 3,393 | 3,393 | 3,397 | |||||
| Capital lease obligations | ✕ | ✕ | ✕ | 379 | 394 | 66 | 68 | ||
| Liabilities, other than long-term debt | 778 | 751 | 706 | 711 | 691 | ||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 46 | 47 | 47 | 77 | ||
| Other liabilities | 778 | 705 | 659 | 664 | 614 | ||||
| Operating lease, liability | 301 | ✕ | ✕ | ||||||
| Other undisclosed noncurrent liabilities | 51 | ||||||||
| Total noncurrent liabilities: | 1,130 | 4,518 | 4,493 | 4,170 | 4,156 | ||||
| Total liabilities: | 9,863 | 9,204 | 9,111 | 8,387 | 8,460 | ||||
| Temporary equity, carrying amount | 271 | 257 | 243 | 230 | |||||
| Equity | |||||||||
| Equity, attributable to parent | (1,401) | 522 | 679 | 800 | 3,547 | ||||
| Common stock | 185 | 185 | 184 | 183 | 183 | ||||
| Treasury stock, value | (96) | (96) | (96) | (96) | (96) | ||||
| Additional paid in capital | 3,554 | 3,549 | 3,545 | 3,539 | 3,488 | ||||
| Accumulated other comprehensive loss | (222) | (181) | (165) | (107) | (84) | ||||
| Retained earnings (accumulated deficit) | (4,822) | (2,935) | (2,789) | (2,719) | 56 | ||||
| Equity, attributable to noncontrolling interest | 21 | 15 | (4) | 23 | 49 | ||||
| Total equity: | (1,380) | 537 | 675 | 823 | 3,596 | ||||
| TOTAL LIABILITIES AND EQUITY: | 8,754 | 9,998 | 10,029 | 9,440 | 12,056 | ||||
Income Statement (P&L) ($ in millions)Annual | Quarterly
| 3/31/2020 Q1 | 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | 9/30/2018 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | (6,469) | 2,121 | 2,137 | 2,211 | 2,073 | 2,289 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (2,180) | (1,959) | (2,028) | (2,197) | (2,016) | |||
| Gross profit: | (59) | 178 | 183 | (124) | 273 | |||
| Operating expenses | (1,625) | (187) | (80) | (2,269) | (72) | |||
| Other operating expense, net | (1) | (1) | (1) | |||||
| Other undisclosed operating loss | (52) | (89) | (104) | (71) | ||||
| Operating income (loss): | (1,684) | (61) | 13 | (2,498) | 129 | |||
| Nonoperating expense | (108) | (102) | (91) | (133) | (85) | |||
| Other nonoperating income (expense) | (2) | 1 | (43) | 1 | ||||
| Income (loss) from continuing operations before income taxes: | (1,792) | (163) | (78) | (2,631) | 44 | |||
| Income tax expense (benefit) | (72) | 49 | 21 | (123) | (44) | |||
| Loss from continuing operations: | (1,864) | (114) | (57) | (2,754) | ||||
| Loss before gain (loss) on sale of properties: | (1,864) | (114) | (57) | (2,754) | ||||
| Loss from discontinued operations | ||||||||
| Other undisclosed net loss | (3) | |||||||
| Net loss: | (1,864) | (114) | (57) | (2,757) | ||||
| Net income (loss) attributable to noncontrolling interest | (9) | (18) | 1 | (14) | 2 | |||
| Net income (loss) attributable to parent: | (1,873) | (132) | (56) | (2,771) | 2 | |||
| Preferred stock dividends and other adjustments | (10) | (10) | (10) | |||||
| Other undisclosed net loss available to common stockholders, basic | (4) | (4) | (4) | (4) | ||||
| Net income (loss) available to common stockholders, diluted: | (1,887) | (146) | (70) | (2,775) | 2 | |||
Comprehensive Income ($ in millions)Annual | Quarterly
| 3/31/2020 Q1 | 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | 9/30/2018 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (1,864) | (114) | (57) | (2,757) | ||||
| Other comprehensive loss | (41) | (16) | (58) | (23) | ||||
| Other undisclosed comprehensive loss | (9) | |||||||
| Comprehensive loss: | (1,905) | (130) | (115) | (2,780) | (9) | |||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (9) | (18) | 1 | (14) | 2 | |||
| Comprehensive loss, net of tax, attributable to parent: | (1,914) | (148) | (114) | (2,794) | (7) | |||
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.