Macquarie Infrastructure Corporation (MIC) financial statements (2020 and earlier)

Company profile

Business Address 125 WEST 55TH STREET, 15TH FLOOR
NEW YORK, NY 10019
State of Incorp. DE
Fiscal Year End December 31
SIC 5172 - Petroleum and Petroleum Products Wholesalers, Except Bulk Stations and Terminals (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments35758947452248233
Cash and cash equivalents35758947452248233
Restricted cash and investments12325161921 
Receivables9795158125969761
Inventory, net of allowances, customer advances and progress billings31293731292826
Inventory31293731292826
Prepaid expense13131515221410
Derivative instruments and hedges, assets 11126   
Disposal group, including discontinued operation 648     
Other current assets3013147282310
Other undisclosed current assets    232564
Total current assets:5291,420308245240257404
Noncurrent Assets
Operating lease, right-of-use asset336
Property, plant and equipment3,2023,1414,6604,3474,1163,363854
Long-term investments and receivables9810981084
Long-term investments9810981084
Intangible assets, net (including goodwill)2,7722,8322,9832,9132,9522,9561,107
Goodwill2,0432,0432,0692,0242,0171,996514
Intangible assets, net (excluding goodwill)729789914889935960593
Derivative instruments and hedges 152431 17
Restricted cash and investments      4
Deferred costs    473223
Other noncurrent assets132725151673
Other undisclosed noncurrent assets      16
Total noncurrent assets:6,3326,0237,7017,3157,1396,3682,097
TOTAL ASSETS:6,8617,4448,0097,5597,3796,6252,501
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities15412515115313517591
Accounts payable67386170575029
Accrued liabilities86868984797743
Employee-related liabilities111  2710
Taxes payable     139
Interest and dividends payable     8 
Debt20   4030161
Derivative instruments and hedges, liabilities7329203213
Disposal group, including discontinued operation 317     
Other liabilities42334842413114
Other undisclosed current liabilities7360554773(43)(8)
Total current liabilities:230838256251309224271
Noncurrent Liabilities
Long-term debt and lease obligation2,9742,6533,5303,0402,7932,367832
Long-term debt, excluding current maturities2,6542,6533,5303,0402,7932,365831
Capital lease obligations    21
Operating lease, liability320
Liabilities, other than long-term debt8468378191,0601,0661,063244
Deferred tax liabilities, net681632896840904190
Deferred income tax liabilities679
Liability, pension and other postretirement and postemployment benefits    59 
Other liabilities16715618315815013254
Derivative instruments and hedges, liabilities  561628 
Other undisclosed noncurrent liabilities  53609  
Total noncurrent liabilities:3,8203,4894,4024,1613,8683,4311,076
Total liabilities:4,0504,3274,6584,4124,1763,6551,348
Stockholders' equity
Stockholders' equity attributable to parent2,8022,9653,1542,9533,0302,7871,042
Common stock 00001,9431,227
Additional paid in capital1,1981,5101,8402,0892,3172121
Accumulated other comprehensive loss(37)(30)(30)(29)(23)(22)(8)
Retained earnings (accumulated deficit)1,6411,4841,344892736845(198)
Stockholders' equity attributable to noncontrolling interest9152197195172183111
Total stockholders' equity:2,8113,1163,3513,1483,2022,9701,153
TOTAL LIABILITIES AND EQUITY:6,8617,4448,0097,5597,3796,6252,501

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,7271,7621,8151,6521,6391,3511,041
Revenue, net1,8151,6521,6391,3491,114
Cost of revenue(1,045)(1,159)(1,094)(962)(1,290)(1,007)(747)
Cost of goods and services sold  (789)(667)(720)(739)(503)
Gross profit:682602721690349344294
Operating expenses(393)(370)(400)(368)(408)(309)(249)
Operating income (loss):289232321321(59)3446
Nonoperating income (expense)5(5)12223(22)(13)
Investment income, nonoperating71000(20)(7)
Loss on contract termination     (1)(6)
Other nonoperating income (expense)(2)(6)11223(1)1
Interest and debt expense(154)(113)(111)(117)(123)(73)(40)
Income (loss) from continuing operations before equity method investments, income taxes:140114222226(179)(61)(6)
Income from equity method investments     2639
Other undisclosed income from continuing operations before income taxes     1,05013
Income (loss) from continuing operations before income taxes:140114222226(179)1,01546
Income tax expense (benefit)(39)(49)234(71)6524(18)
Income (loss) from continuing operations:10165456155(114)1,03928
Income from discontinued operations5230     
Net income (loss):15394456155(114)1,03928
Net income (loss) attributable to noncontrolling interest  (5)2533
Other undisclosed net income attributable to parent342     
Net income (loss) available to common stockholders, basic:156137451156(109)1,04231
Interest on convertible debt     3 
Other undisclosed net income (loss) available to common stockholders, diluted(55)(68)16(5)   
Net income (loss) available to common stockholders, diluted:10168467152(109)1,04531

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):15394456155(114)1,03928
Other comprehensive income (loss)(7)4(1)0(6)(15)13
Comprehensive income (loss):14698455155(119)1,02441
Comprehensive income (loss), net of tax, attributable to noncontrolling interest342(5)095(3)
Other undisclosed comprehensive income, net of tax, attributable to parent      5
Comprehensive income (loss), net of tax, attributable to parent:149141450155(110)1,02944

Statements sources

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