Commercial Metals Company (CMC) financial statements (2022 and earlier)

Company profile

Business Address 6565 N. MACARTHUR BLVD., SUITE 800
IRVING, TX 75039
State of Incorp. DE
Fiscal Year End August 31
SIC 3312 - Steel Works, Blast Furnaces (Including Coke Ovens), and Rolling Mills (benchmarking)
More info Complete financial analysis Financial benchmarking

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

2/28/2022
TTM
11/30/2021
TTM
8/31/2021
8/31/2020
8/31/2019
8/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:847415498542 622
Other undisclosed cash, cash equivalents, and short-term investments847415498542 622
Receivables1,1541,0961,106881 749
Inventory, net of allowances, customer advances and progress billings1,1421,072935625 589
Inventory1,1421,072935625 589
Contract with customer, asset62626453  
Disposal group, including discontinued operation     1
Assets held-for-sale, not part of disposal group  25   
Other current assets     116
Other undisclosed current assets285142109113  
Total current assets:3,4902,7862,7372,214 2,077
Noncurrent Assets
Property, plant and equipment1,6491,5871,5661,571 1,075
Intangible assets, net (including goodwill)66666664 64
Goodwill66666664 64
Other noncurrent assets299286270232 112
Total noncurrent assets:2,0141,9391,9021,868 1,251
TOTAL ASSETS:5,5044,7254,6394,082 3,328
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:798835475721 520
Accounts payable414425451266 261
Accrued liabilities38441039455 259
Employee-related liabilities  166   
Taxes payable  58   
Other undisclosed accounts payable and accrued liabilities  (238)   
Deferred revenue  24  
Debt  5418 20
Disposal group, including discontinued operation     2
Other undisclosed current liabilities28574276  
Total current liabilities:825892980745 542
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,4461,0081,0151,066 1,139
Finance lease, liability34333636 
Operating lease, liability939893  
Other undisclosed long-term debt and lease obligation1,3198778861,030 1,139
Liabilities, other than long-term debt363339348382 154
Deferred tax liabilities, net38
Deferred income tax liabilities146104112131 
Other liabilities217235236251 116
Total noncurrent liabilities:1,8091,3471,3631,447 1,293
Total liabilities:2,6342,2392,3442,192 1,835
Stockholders' equity
Stockholders' equity attributable to parent2,8702,4862,2951,889 1,493
Common stock1111 1
Treasury stock, value(151)(146)(153)(175) (213)
Additional paid in capital366357368359 353
Accumulated other comprehensive loss(92)(105)(85)(104) (94)
Retained earnings2,7452,3792,1631,808 1,446
Stockholders' equity attributable to noncontrolling interest0000 0
Total stockholders' equity:2,8702,4862,2951,889 1,494
TOTAL LIABILITIES AND EQUITY:5,5044,7254,6394,082 3,328

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

2/28/2022
TTM
11/30/2021
TTM
8/31/2021
8/31/2020
8/31/2019
8/31/2018
Revenues7,8667,3206,7305,476 4,644
Cost of revenue(6,489)(6,104)(5,699)(4,601) (4,077)
Cost of goods and services sold(6,422)(6,035)(5,624)(4,532) (4,022)
Gross profit:1,3781,2161,030875 567
Operating expenses(245)(505)(496)(505) (401)
Operating income:1,133710534371 165
Interest and debt expense(63)(66)(69)(62) (41)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(45)(14) 62 41
Income from continuing operations before equity method investments, income taxes:1,025630465371 165
Other undisclosed income from continuing operations before income taxes1088069   
Income from continuing operations before income taxes:1,133710534371 165
Income tax expense(234)(128)(121)(92) (30)
Income from continuing operations:899582413278 135
Income from discontinued operations 0 1 3
Net income available to common stockholders, diluted:899582413280 139

Comprehensive Income ($ in millions)

2/28/2022
TTM
11/30/2021
TTM
8/31/2021
8/31/2020
8/31/2019
8/31/2018
Net income:899582413280 139
Other comprehensive income (loss)1061920 (12)
Comprehensive income, net of tax, attributable to parent:909588432300 126

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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