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)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 877 | 957 | 1,491 | 1,238 | 2,342 | 1,508 | |||
| Cash and cash equivalents | 877 | 957 | 1,491 | 1,238 | 2,342 | 1,508 | |||
| Receivables | 59,500 | 52,600 | 46,200 | 38,700 | 37,200 | 32,300 | |||
| Inventory, net of allowances, customer advances and progress billings | |||||||||
| Inventory | |||||||||
| Total current assets: | 60,377 | 53,557 | 47,691 | 39,938 | 39,542 | 33,808 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 14,800 | 11,000 | 11,000 | 8,300 | 10,000 | ✕ | |||
| Property, plant and equipment | 169,114 | 143,945 | 135,325 | 136,210 | 131,047 | 126,899 | |||
| Intangible assets, net (including goodwill) | 387,812 | 173,436 | 179,442 | 35,315 | 35,531 | 35,062 | |||
| Goodwill | 323,224 | 132,305 | 132,393 | 28,197 | 28,197 | 27,808 | |||
| Intangible assets, net (excluding goodwill) | 64,588 | 41,131 | 47,049 | 7,118 | 7,334 | 7,254 | |||
| Total noncurrent assets: | 571,726 | 328,381 | 325,767 | 179,825 | 176,578 | 161,961 | |||
| Other undisclosed assets | 1,585,180 | 1,325,906 | 1,222,468 | 1,055,981 | 1,093,755 | 1,021,547 | |||
| TOTAL ASSETS: | 2,217,283 | 1,707,844 | 1,595,926 | 1,275,744 | 1,309,875 | 1,217,316 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 241,555 | 246,911 | 242,425 | 216,077 | |||||
| Deferred income tax liabilities | 241,555 | 246,911 | 242,425 | 216,077 | ✕ | ||||
| Total noncurrent liabilities: | 241,555 | 246,911 | 242,425 | 216,077 | |||||
| Other undisclosed liabilities | 1,041,926 | 656,988 | 621,480 | 377,063 | 675,839 | 645,781 | |||
| Total liabilities: | 1,283,481 | 903,899 | 863,905 | 593,140 | 675,839 | 645,781 | |||
| Equity | |||||||||
| Equity, attributable to parent | 933,802 | 803,945 | 732,021 | 682,604 | 634,036 | 571,535 | |||
| Common stock | 111,122 | 110,080 | 108,610 | 106,289 | 106,360 | 103,801 | |||
| Accumulated other comprehensive loss | (116) | (78) | (54) | (104) | (70) | (49) | |||
| Retained earnings | 822,796 | 693,943 | 623,465 | 576,419 | 527,746 | 467,783 | |||
| Total equity: | 933,802 | 803,945 | 732,021 | 682,604 | 634,036 | 571,535 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,217,283 | 1,707,844 | 1,595,926 | 1,275,744 | 1,309,875 | 1,217,316 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 831,842 | 733,823 | 616,833 | 572,554 | 570,230 | 498,330 | ||
| Operating leases, income statement, lease revenue | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 401,681 | |
| Operating lease, lease income | 561,500 | 520,800 | 439,900 | 399,500 | 407,600 | ✕ | ||
| Cost of revenue | (438,209) | (396,915) | (335,812) | (308,808) | (304,065) | (265,079) | ||
| Cost of goods and services sold | (137,727) | (93,913) | (78,600) | (81,019) | (68,068) | (58,964) | ||
| Other cost of operating revenue | (114,942) | (116,780) | (91,069) | (73,818) | (79,365) | (68,678) | ||
| Gross profit: | 393,633 | 336,908 | 281,021 | 263,746 | 266,165 | 233,251 | ||
| Operating expenses | (207,539) | (171,342) | (148,600) | (122,993) | (124,793) | (115,770) | ||
| Other operating income, net | 3,618 | |||||||
| Operating income: | 189,712 | 165,566 | 132,421 | 140,753 | 141,372 | 117,481 | ||
| Nonoperating income (expense) | 310 | (378) | (210) | 78 | 84 | (489) | ||
| Gain on contract termination | ||||||||
| Gain (loss), foreign currency transaction, before tax | 310 | (378) | (210) | 78 | 84 | (489) | ||
| Interest and debt expense | (40,560) | (15,168) | (10,455) | (8,787) | (12,331) | (12,297) | ||
| Income from continuing operations before equity method investments, income taxes: | 149,462 | 150,020 | 121,756 | 132,044 | 129,125 | 104,695 | ||
| Other undisclosed loss from continuing operations before income taxes | ||||||||
| Income from continuing operations before income taxes: | 149,462 | 150,020 | 121,756 | 132,044 | 129,125 | 104,695 | ||
| Income tax expense | (37,610) | (34,882) | (32,051) | (30,060) | (32,319) | (25,289) | ||
| Income from continuing operations: | 111,852 | 115,138 | 89,705 | 101,984 | 96,806 | 79,406 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 89,705 | 101,984 | 96,806 | 79,406 | |
| Income from discontinued operations | 62,769 | |||||||
| Other undisclosed net loss | (1) | |||||||
| Net income: | 174,621 | 115,138 | 89,704 | 101,984 | 96,806 | 79,406 | ||
| Other undisclosed net income attributable to parent | 1 | |||||||
| Net income available to common stockholders, diluted: | 174,621 | 115,138 | 89,705 | 101,984 | 96,806 | 79,406 | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 174,621 | 115,138 | 89,704 | 101,984 | 96,806 | 79,406 | ||
| Other comprehensive income (loss) | (38) | (24) | 50 | (34) | (21) | 119 | ||
| Other undisclosed comprehensive loss | ||||||||
| Comprehensive income: | 174,583 | 115,114 | 89,754 | 101,950 | 96,785 | 79,525 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 1 | |||||||
| Comprehensive income, net of tax, attributable to parent: | 174,583 | 115,114 | 89,755 | 101,950 | 96,785 | 79,525 | ||
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.