McGrath RentCorp (MGRC) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
5700 LAS POSITAS RD LIVERMORE, CA 94551 |
| State of Incorp. | CA |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7359 - Equipment Rental and Leasing, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1 | 1 | 2 | 2 | 3 | 1 | 1 | ||
| Cash and cash equivalents | 1 | 1 | 2 | 2 | 3 | 1 | 1 | ||
| Receivables | 46 | 39 | 37 | 32 | 30 | 28 | 25 | ||
| Total current assets: | 48 | 40 | 40 | 34 | 33 | 29 | 26 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 11 | 8 | 10 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 135 | 136 | 131 | 127 | 119 | 112 | 110 | ||
| Intangible assets, net (including goodwill) | 179 | 35 | 36 | 35 | 36 | 36 | 37 | ||
| Goodwill | 132 | 28 | 28 | 28 | 28 | 28 | 28 | ||
| Intangible assets, net (excluding goodwill) | 47 | 7 | 7 | 7 | 8 | 9 | 9 | ||
| Total noncurrent assets: | 326 | 180 | 177 | 162 | 155 | 149 | 147 | ||
| Other undisclosed assets | 1,222 | 1,056 | 1,094 | 1,022 | 961 | 951 | 980 | ||
| TOTAL ASSETS: | 1,596 | 1,276 | 1,310 | 1,217 | 1,148 | 1,128 | 1,153 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 242 | 216 | |||||||
| Deferred income tax liabilities | 242 | 216 | ✕ | ✕ | ✕ | ✕ | |||
| Total noncurrent liabilities: | 242 | 216 | |||||||
| Other undisclosed liabilities | 621 | 377 | 676 | 646 | 624 | 734 | 773 | ||
| Total liabilities: | 864 | 593 | 676 | 646 | 624 | 734 | 773 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 732 | 683 | 634 | 572 | 524 | 394 | 380 | ||
| Common stock | 109 | 106 | 106 | 104 | 103 | 102 | 101 | ||
| Accumulated other comprehensive loss | (0) | (0) | (0) | (0) | (0) | (0) | (0) | ||
| Retained earnings | 623 | 576 | 528 | 468 | 421 | 293 | 279 | ||
| Total stockholders' equity: | 732 | 683 | 634 | 572 | 524 | 394 | 380 | ||
| TOTAL LIABILITIES AND EQUITY: | 1,596 | 1,276 | 1,310 | 1,217 | 1,148 | 1,128 | 1,153 | ||
Income Statement (P&L) ($ in millions) Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 617 | 573 | 570 | 498 | 462 | 424 | 405 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 92 | 74 | 55 | |
| Operating lease, lease income | 440 | 400 | 408 | ✕ | ✕ | ✕ | ✕ | |
| Operating leases, income statement, lease revenue | ✕ | ✕ | ✕ | 402 | ✕ | ✕ | ✕ | |
| Cost of revenue | (336) | (309) | (304) | (265) | (256) | (240) | (228) | |
| Cost of goods and services sold | (79) | (81) | (68) | (59) | (256) | (240) | (228) | |
| Other cost of operating revenue | (91) | (74) | (79) | (69) | ||||
| Gross profit: | 281 | 264 | 266 | 233 | 206 | 184 | 177 | |
| Operating expenses | (149) | (123) | (125) | (116) | (112) | (105) | (100) | |
| Operating income: | 132 | 141 | 141 | 117 | 95 | 79 | 77 | |
| Nonoperating income (expense) (Foreign Currency Transaction Gain (Loss), before Tax) | (0) | 0 | 0 | (0) | 0 | (0) | (0) | |
| Interest and debt expense | (10) | (9) | (12) | (12) | (12) | (12) | (10) | |
| Income from continuing operations before income taxes: | 122 | 132 | 129 | 105 | 83 | 67 | 66 | |
| Income tax expense (benefit) | (32) | (30) | (32) | (25) | 70 | (29) | (26) | |
| Income before gain (loss) on sale of properties: | 90 | 102 | 97 | 79 | 154 | 38 | 40 | |
| Other undisclosed net loss | (0) | |||||||
| Net income: | 90 | 102 | 97 | 79 | 154 | 38 | 40 | |
| Other undisclosed net income attributable to parent | 0 | |||||||
| Net income available to common stockholders, diluted: | 90 | 102 | 97 | 79 | 154 | 38 | 40 | |
Comprehensive Income ($ in millions)Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 90 | 102 | 97 | 79 | 154 | 38 | 40 | |
| Other comprehensive income (loss) | 0 | (0) | (0) | 0 | (0) | 0 | 0 | |
| Comprehensive income: | 90 | 102 | 97 | 80 | 154 | 38 | 41 | |
| Other undisclosed comprehensive income, net of tax, attributable to parent | 0 | |||||||
| Comprehensive income, net of tax, attributable to parent: | 90 | 102 | 97 | 80 | 154 | 38 | 41 | |
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.