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)

Current Assets
Cash, cash equivalents, and short-term investments, including: 622253518485435
Other undisclosed cash, cash equivalents, and short-term investments 622253518485435
Restricted cash and investments     4
Receivables 7497077669011,028
Inventory, net of allowances, customer advances and progress billings 589614653781935
Inventory 589614653781935
Disposal group, including discontinued operation 1  17 
Deferred tax assets   2949
Other current assets 11614011294106
Other undisclosed current assets     (4)
Total current assets: 2,0771,7142,0482,3072,554
Noncurrent Assets
Property, plant and equipment 1,0751,061895884925
Intangible assets, net (including goodwill) 6465668399
Goodwill 6465666674
Intangible assets, net (excluding goodwill)    1624
Other noncurrent assets 112135121115135
Other undisclosed noncurrent assets    (16)(24)
Total noncurrent assets: 1,2511,2611,0831,0651,135
TOTAL ASSETS: 3,3282,9753,1313,3723,689
Current Liabilities
Accounts payable and accrued liabilities 520589508680902
Accounts payable 261282244261424
Accrued liabilities 259307264279322
Employee-related liabilities    98116
Taxes payable    4140
Debt 20193133020
Disposal group, including discontinued operation 2  5 
Billings in excess of cost  3042
Other undisclosed current liabilities   0(128)(72)
Total current liabilities: 542608821617891
Noncurrent Liabilities
Long-term debt and lease obligation, including: 1,1398067581,2781,281
Other undisclosed long-term debt and lease obligation 1,1398067581,2781,281
Liabilities, other than long-term debt 154160184160170
Deferred tax liabilities, net3849635656
Accrued environmental loss contingencies    22
Other liabilities 116111121102112
Other undisclosed noncurrent liabilities    (2)(2)
Total noncurrent liabilities: 1,2939669421,4361,449
Total liabilities: 1,8351,5741,7632,0532,340
Stockholders' equity
Stockholders' equity attributable to parent 1,4931,4011,3671,3191,348
Common stock 11111
Treasury stock, value (213)(232)(253)(246)(218)
Additional paid in capital 353349359366359
Accumulated other comprehensive loss (94)(82)(113)(114)(20)
Retained earnings 1,4461,3641,3731,3121,226
Stockholders' equity attributable to noncontrolling interest 00000
Total stockholders' equity: 1,4941,4011,3671,3191,349
TOTAL LIABILITIES AND EQUITY: 3,3282,9753,1313,3723,689

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

Revenues 4,6444,5704,6115,9867,036
Revenue, net4,5704,6115,9897,040
Cost of revenue (4,077)(4,098)(4,088)(5,286)(6,454)
Cost of goods and services sold (4,022)(4,023)(3,975)(5,229)(6,348)
Gross profit: 567472522700582
Operating expenses (401)(427)(437)(458)(442)
Operating income: 1654585242141
Nonoperating income (expense)    (7)7
Investment income, nonoperating    39(2)
Foreign currency transaction gain (loss), before tax    (45)9
Interest and debt expense (41)(67)(74)(78)(78)
Other undisclosed income from continuing operations before equity method investments, income taxes 4167748775
Income from continuing operations before income taxes: 1654585245145
Income tax expense (30)(12)(13)(83)(43)
Income from continuing operations: 1353373161102
Income (loss) from discontinued operations 314(18)(20)13
Net income: 1394655142116
Net loss attributable to noncontrolling interest     (0)
Net income available to common stockholders, diluted: 1394655142116

Comprehensive Income ($ in millions)

Net income: 1394655142116
Other comprehensive income (loss) (12)311(94)8
Comprehensive income: 126785548123
Comprehensive loss, net of tax, attributable to noncontrolling interest     (0)
Comprehensive income, net of tax, attributable to parent: 126785548123

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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