Mueller Industries, Inc. (MLI) financial statements (2021 and earlier)

Company profile

Business Address SUITE 100
COLLIERVILLE, TN 38017
State of Incorp. DE
Fiscal Year End December 31
SIC 335 - Rolling, Drawing, And Extruding Of Nonferrous (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1199873120351275352
Cash and cash equivalents1199873120351275352
Receivables358270273245256252275
Inventory, net of allowances, customer advances and progress billings315292330328242239257
Inventory315292330328242239257
Other current assets34342746453557
Total current assets:825694703739894800941
Noncurrent Assets
Operating lease, right-of-use asset2927
Property, plant and equipment377363371304295280246
Long-term investments and receivables384858767766 
Long-term investments384858767766 
Intangible assets, net (including goodwill)245213212172160161121
Goodwill168153150130124120103
Intangible assets, net (excluding goodwill)77606242364118
Other noncurrent assets14252628213138
Other undisclosed noncurrent assets      (18)
Total noncurrent assets:703677667581553538387
TOTAL ASSETS:1,5291,3711,3701,3201,4471,3391,328
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities194127142136138124142
Accounts payable1488610410310388101
Employee-related liabilities46423934353642
Debt418716141236
Other liabilities98948390677460
Other undisclosed current liabilities65     
Total current liabilities:340234233242219209238
Noncurrent Liabilities
Long-term debt and lease obligation308401490449214204205
Long-term debt, excluding current maturities287379490449214204205
Operating lease, liability2222
Liabilities, other than long-term debt80735257624868
Deferred tax liabilities, net  20725
Deferred income tax liabilities1721
Liability, pension and other postretirement and postemployment benefits27221412151720
Accrued environmental loss contingencies21202024212122
Other liabilities15101821621
Other undisclosed noncurrent liabilities  3137161721
Total noncurrent liabilities:388475573542292270295
Total liabilities:728709806784511479533
Stockholders' equity
Stockholders' equity attributable to parent777643548522899827762
Common stock1111111
Treasury stock, value(469)(470)(474)(446)(450)(453)(457)
Additional paid in capital280279277275273271269
Accumulated other comprehensive loss(55)(69)(80)(51)(67)(55)(43)
Retained earnings1,0209038257441,1421,064993
Stockholders' equity attributable to noncontrolling interest24191514383233
Total stockholders' equity:801662563536936860795
TOTAL LIABILITIES AND EQUITY:1,5291,3711,3701,3201,4471,3391,328

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2,3982,4312,5082,2662,0562,1002,364
Revenue, net2,2662,0562,1002,364
Cost of revenue
(Cost of Goods and Services Sold)
(1,966)(2,036)(2,150)(1,941)(1,723)(1,810)(2,044)
Gross profit:432395357325332290321
Operating expenses(141)(161)(145)(140)(144)(134)(172)
Other undisclosed operating income (loss)(45)(43)(40)(34)(35)(19)5
Operating income:246191173152153137154
Nonoperating income5242120
Investment income, nonoperating      1
Foreign currency transaction gain, before tax      0
Other nonoperating income (expense)524212(0)
Interest and debt expense(19)(26)(25)(20)(7)(8)(6)
Other undisclosed loss from continuing operations before equity method investments, income taxes(22)(1)(1)(7)  (1)
Income from continuing operations before equity method investments, income taxes:209166150127146132148
Income (loss) from equity method investments(10)(25)(13)(2)2  
Other undisclosed income (loss) from continuing operations before income taxes1025132(2)  
Income from continuing operations before income taxes:209166150127146132148
Income tax expense(55)(35)(31)(38)(48)(43)(45)
Income before gain (loss) on sale of properties:154131119899888103
Other undisclosed net income (loss)(10)(25)(13)(2)2  
Net income:1441061078710088103
Net loss attributable to noncontrolling interest(4)(5)(2)(1)(0)(1)(1)
Net income available to common stockholders, diluted:1391011048610088102

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:1441061078710088103
Other comprehensive income (loss)1510(30)17(15)(13)(32)
Comprehensive income:15911777104857570
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(6)(5)(2)(3)31(1)
Comprehensive income, net of tax, attributable to parent:15311275101887669

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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