McGrath RentCorp (MGRC) Financial Statements (2024 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 thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9571,4911,2382,3421,5082,501
Cash and cash equivalents9571,4911,2382,3421,5082,501
Receivables 52,60046,20038,70037,20032,30030,100
Total current assets:53,55747,69139,93839,54233,80832,601
Noncurrent Assets
Operating lease, right-of-use asset 11,00011,0008,30010,000
Property, plant and equipment 143,945135,325136,210131,047126,899119,170
Intangible assets, net (including goodwill)173,436179,44235,31535,53135,06235,532
Goodwill132,305132,39328,19728,19727,80827,808
Intangible assets, net (excluding goodwill)41,13147,0497,1187,3347,2547,724
Total noncurrent assets:328,381325,767179,825176,578161,961154,702
Other undisclosed assets1,325,9061,222,4681,055,9811,093,7551,021,547960,551
TOTAL ASSETS:1,707,8441,595,9261,275,7441,309,8751,217,3161,147,854
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt246,911242,425216,077   
Deferred income tax liabilities246,911242,425216,077 
Total noncurrent liabilities:246,911242,425216,077   
Other undisclosed liabilities656,988621,480377,063675,839645,781623,670
Total liabilities:903,899863,905593,140675,839645,781623,670
Equity
Equity, attributable to parent803,945732,021682,604634,036571,535524,184
Common stock110,080108,610106,289106,360103,801102,947
Accumulated other comprehensive loss(78)(54)(104)(70)(49)(168)
Retained earnings693,943623,465576,419527,746467,783421,405
Total equity:803,945732,021682,604634,036571,535524,184
TOTAL LIABILITIES AND EQUITY:1,707,8441,595,9261,275,7441,309,8751,217,3161,147,854

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues733,823616,833572,554570,230498,330462,034
Operating leases, income statement, lease revenue401,681
Revenue, net91,500
Operating lease, lease income520,800439,900399,500407,600
Cost of revenue(396,915)(335,812)(308,808)(304,065)(265,079)(255,689)
Cost of goods and services sold(93,913)(78,600)(81,019)(68,068)(58,964)(255,689)
Other cost of operating revenue(116,780)(91,069)(73,818)(79,365)(68,678) 
Gross profit:336,908281,021263,746266,165233,251206,345
Operating expenses(171,342)(148,600)(122,993)(124,793)(115,770)(111,605)
Other operating income, net
(Other undisclosed Other operating income, net)
      
Operating income:165,566132,421140,753141,372117,48194,740
Nonoperating income (expense)
(Gain (Loss), Foreign Currency Transaction, before Tax)
(378)(210)7884(489)334
Interest and debt expense(15,168)(10,455)(8,787)(12,331)(12,297)(11,622)
Income from continuing operations before income taxes:150,020121,756132,044129,125104,69583,452
Income tax expense (benefit)(34,882)(32,051)(30,060)(32,319)(25,289)70,468
Income from continuing operations:115,13889,705101,98496,80679,406153,920
Income before gain (loss) on sale of properties:89,705101,98496,80679,406153,920
Income from discontinued operations      
Other undisclosed net loss  (1)    
Net income:115,13889,704101,98496,80679,406153,920
Other undisclosed net income attributable to parent  1    
Net income available to common stockholders, diluted:115,13889,705101,98496,80679,406153,920

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:115,13889,704101,98496,80679,406153,920
Other comprehensive income (loss)(24)50(34)(21)119(113)
Other undisclosed comprehensive loss      
Comprehensive income:115,11489,754101,95096,78579,525153,807
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 1    
Comprehensive income, net of tax, attributable to parent:115,11489,755101,95096,78579,525153,807

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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