Commercial Metals Company (CMC) financial statements (2020 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)

2/29/2020
TTM
11/30/2019
TTM
8/31/2019
8/31/2018
8/31/2017
8/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:232225 622253518
Other undisclosed cash, cash equivalents, and short-term investments232225 622253518
Receivables962961 749707766
Inventory, net of allowances, customer advances and progress billings715650 589614653
Inventory715650 589614653
Disposal group, including discontinued operation   1  
Other current assets176179 116140112
Total current assets:2,0852,015 2,0771,7142,048
Noncurrent Assets
Property, plant and equipment1,5221,504 1,0751,061895
Intangible assets, net (including goodwill)6464 646566
Goodwill6464 646566
Other noncurrent assets236225 112135121
Total noncurrent assets:1,8231,794 1,2511,2611,083
TOTAL ASSETS:3,9083,808 3,3282,9753,131
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities605561 520589508
Accounts payable275244 261282244
Accrued liabilities330317 259307264
Debt2314 2019313
Disposal group, including discontinued operation   2  
Other undisclosed current liabilities2127   0
Total current liabilities:649602 542608821
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,1451,179 1,139806758
Finance lease, liability3128 
Operating lease, liability9985 
Other undisclosed long-term debt and lease obligation1,0141,067 1,139806758
Liabilities, other than long-term debt235220 154160184
Deferred tax liabilities, net384963
Accrued environmental loss contingencies32    
Other liabilities232218 116111121
Other undisclosed noncurrent liabilities121105    
Total noncurrent liabilities:1,5011,505 1,293966942
Total liabilities:2,1502,107 1,8351,5741,763
Stockholders' equity
Stockholders' equity attributable to parent1,7581,702 1,4931,4011,367
Common stock11 111
Treasury stock, value(178)(185) (213)(232)(253)
Additional paid in capital351347 353349359
Accumulated other comprehensive loss(121)(117) (94)(82)(113)
Retained earnings1,7041,654 1,4461,3641,373
Stockholders' equity attributable to noncontrolling interest00 000
Total stockholders' equity:1,7581,702 1,4941,4011,367
TOTAL LIABILITIES AND EQUITY:3,9083,808 3,3282,9753,131

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

2/29/2020
TTM
11/30/2019
TTM
8/31/2019
8/31/2018
8/31/2017
8/31/2016
Revenues(17)248 4,6444,5704,611
Revenue, net4,5704,611
Cost of revenue(3,611)(3,854) (4,077)(4,098)(4,088)
Cost of goods and services sold(3,560)(3,801) (4,022)(4,023)(3,975)
Gross profit:658679 567472522
Operating expenses(359)(359) (401)(427)(437)
Operating income:299320 1654585
Interest and debt expense(50)(53) (41)(67)(74)
Other undisclosed income from continuing operations before equity method investments, income taxes5053 416774
Income from continuing operations before income taxes:299320 1654585
Income tax expense(67)(73) (30)(12)(13)
Income from continuing operations:232247 1353373
Income (loss) from discontinued operations11 314(18)
Net income available to common stockholders, diluted:233248 1394655

Comprehensive Income ($ in millions)

2/29/2020
TTM
11/30/2019
TTM
8/31/2019
8/31/2018
8/31/2017
8/31/2016
Net income:233248 1394655
Other comprehensive income (loss)(15)(16) (12)311
Comprehensive income, net of tax, attributable to parent:218232 1267855

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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