Mueller Industries Inc. (MLI) Financial Statements (2024 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
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 investments1,269679881199873
Cash and cash equivalents1,171461881199873
Short-term investments 98218    
Receivables352380472358270273
Inventory, net of allowances, customer advances and progress billings380449430315292330
Inventory380449430315292330
Other current assets392729343427
Total current assets:2,0401,5351,019825694703
Noncurrent Assets
Operating lease, right-of-use asset3523242927
Property, plant and equipment385380386377363371
Long-term investments and receivables837261384858
Long-term investments837261384858
Intangible assets, net (including goodwill)198212233245213212
Goodwill152158171168153150
Intangible assets, net (excluding goodwill)465562776062
Other noncurrent assets17207142526
Total noncurrent assets:719708710703677667
TOTAL ASSETS:2,7592,2421,7291,5291,3711,370
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities176190230194127142
Employee-related liabilities50464239
Accounts payable12012818114886104
Accrued liabilities5662    
Debt11 4187
Other liabilities132153145989483
Other undisclosed current liabilities85765 
Total current liabilities:317348382340234233
Noncurrent Liabilities
Long-term debt and lease obligation0118308401490
Long-term debt, excluding current maturities011287379490
Liabilities, other than long-term debt837971807352
Deferred income tax liabilities1916141721
Liability, pension and other postretirement and postemployment benefits121318272214
Accrued environmental loss contingencies151618212020
Other liabilities101622151018
Operating lease, liability2717172222
Other undisclosed noncurrent liabilities      31
Total noncurrent liabilities:838090388475573
Total liabilities:401428472728709806
Equity
Equity, attributable to parent2,3371,7911,222777643548
Common stock211111
Treasury stock, value(523)(503)(470)(469)(470)(474)
Additional paid in capital312297286280279277
Accumulated other comprehensive loss(47)(64)(53)(55)(69)(80)
Retained earnings2,5942,0601,4581,020903825
Equity, attributable to noncontrolling interest212335241915
Total equity:2,3591,8141,257801662563
TOTAL LIABILITIES AND EQUITY:2,7592,2421,7291,5291,3711,370

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues3,4203,9823,7692,3982,4312,508
Cost of revenue
(Cost of Goods and Services Sold)
(2,434)(2,865)(2,939)(1,966)(2,036)(2,150)
Gross profit:9871,118830432395357
Operating expenses(210)(197)(129)(141)(161)(145)
Other undisclosed operating loss(20)(44)(45)(45)(43)(40)
Operating income:756877656246191173
Nonoperating income84144524
Investment income, nonoperating80     
Other nonoperating income4144524
Interest and debt expense6(1)(13)(19)(26)(25)
Other undisclosed loss from continuing operations before equity method investments, income taxes(1)(14)(5)(22)(1)(1)
Income from continuing operations before equity method investments, income taxes:845876641209166150
Income (loss) from equity method investments(15)10(0)(10)(25)(13)
Other undisclosed income (loss) from continuing operations before income taxes15(10)0102513
Income from continuing operations before income taxes:845876641209166150
Income tax expense(221)(223)(166)(55)(35)(31)
Income from continuing operations:624653475154131119
Income before gain (loss) on sale of properties:475154131119
Other undisclosed net income (loss)(15)10(0)(10)(25)(13)
Net income:610663475144106107
Net loss attributable to noncontrolling interest(7)(5)(7)(4)(5)(2)
Net income available to common stockholders, diluted:603658469139101104

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:610663475144106107
Other comprehensive income (loss)18(14)(0)1510(30)
Comprehensive income:62764947515911777
Comprehensive loss, net of tax, attributable to noncontrolling interest(8)(1)(5)(6)(5)(2)
Comprehensive income, net of tax, attributable to parent:62064747015311275

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: