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
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1191141241549810091
Cash and cash equivalents1191141241549810091
Receivables358320274309270320317
Inventory, net of allowances, customer advances and progress billings315271244270292278300
Inventory315271244270292278300
Other current assets34252941343326
Total current assets:825730671774694731735
Noncurrent Assets
Operating lease, right-of-use asset292217192726 
Property, plant and equipment377369363367363361365
Long-term investments and receivables38273245484648
Long-term investments38273245484648
Intangible assets, net (including goodwill)245248216217213213216
Goodwill168185153161153152153
Intangible assets, net (excluding goodwill)77626357606163
Restricted cash and investments      0
Other noncurrent assets14242424252525
Other undisclosed noncurrent assets      28
Total noncurrent assets:703690653672677672683
TOTAL ASSETS:1,5291,4201,3231,4461,3711,4031,417
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities194157134127127140140
Accounts payable148108949486102106
Employee-related liabilities46494033423834
Debt417713873
Other liabilities98838490949579
Other undisclosed current liabilities665 545
Total current liabilities:340253229230234247227
Noncurrent Liabilities
Long-term debt and lease obligation308359336482401457479
Long-term debt, excluding current maturities287343323468379434479
Operating lease, liability221613142223 
Liabilities, other than long-term debt80686868736049
Deferred income tax liabilities171820202117 
Liability, pension and other postretirement and postemployment benefits27181819221313
Accrued environmental loss contingencies21202020202020
Other liabilities15121010101016
Other undisclosed noncurrent liabilities     1558
Total noncurrent liabilities:388428404551475531586
Total liabilities:728681633781709778813
Stockholders' equity
Stockholders' equity attributable to parent777718671646643608588
Common stock1111111
Treasury stock, value(469)(469)(474)(475)(470)(470)(476)
Additional paid in capital280278282280279276281
Accumulated other comprehensive loss(55)(81)(90)(90)(69)(80)(75)
Retained earnings1,020989952930903881857
Stockholders' equity attributable to noncontrolling interest24222020191716
Total stockholders' equity:801739690665662625604
TOTAL LIABILITIES AND EQUITY:1,5291,4201,3231,4461,3711,4031,417

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues676619500603544609666
Cost of revenue
(Cost of Goods and Services Sold)
(554)(501)(403)(509)(449)(511)(564)
Gross profit:12211897949498102
Operating expenses(45)(38)(34)(24)(39)(41)(40)
Other undisclosed operating loss(12)(11)(11)(11)(11)(11)(10)
Operating income:65695259444652
Nonoperating income
(Other Nonoperating income)
1130110
Interest and debt expense(4)(5)(5)(5)(6)(6)(7)
Other undisclosed loss from continuing operations before equity method investments, income taxes(22)   (1)  
Income from continuing operations before equity method investments, income taxes:40655054384145
Income (loss) from equity method investments10(5)(9)(6)(1)(3)(6)
Other undisclosed income from continuing operations before income taxes10   25  
Income from continuing operations before income taxes:60594248623839
Income tax expense(13)(15)(13)(14)(8)(8)(10)
Income before gain (loss) on sale of properties:47442834553029
Other undisclosed net loss(10)   (25)  
Net income:37442834303029
Net loss attributable to noncontrolling interest(1)(1)(1)(2)(2)(1)(1)
Net income available to common stockholders, diluted:36432832282928

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income:37442834303029
Other comprehensive income (loss)2810(0)(22)12(6)(3)
Comprehensive income:65542812422526
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(3)(2)0(1)(3)(1)0
Comprehensive income, net of tax, attributable to parent:63512811392426

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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