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)
| 8/31/2019 | 8/31/2018 | 8/31/2017 | 8/31/2016 | 8/31/2015 | 8/31/2014 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments, including: | 622 | 253 | 518 | 485 | 435 | |||
| Other undisclosed cash, cash equivalents, and short-term investments | 622 | 253 | 518 | 485 | 435 | |||
| Restricted cash and investments | 4 | |||||||
| Receivables | 749 | 707 | 766 | 901 | 1,028 | |||
| Inventory, net of allowances, customer advances and progress billings | 589 | 614 | 653 | 781 | 935 | |||
| Inventory | 589 | 614 | 653 | 781 | 935 | |||
| Disposal group, including discontinued operation | 1 | 17 | ||||||
| Deferred tax assets | ✕ | 29 | 49 | |||||
| Other current assets | 116 | 140 | 112 | 94 | 106 | |||
| Other undisclosed current assets | (4) | |||||||
| Total current assets: | 2,077 | 1,714 | 2,048 | 2,307 | 2,554 | |||
| Noncurrent Assets | ||||||||
| Property, plant and equipment | 1,075 | 1,061 | 895 | 884 | 925 | |||
| Intangible assets, net (including goodwill) | 64 | 65 | 66 | 83 | 99 | |||
| Goodwill | 64 | 65 | 66 | 66 | 74 | |||
| Intangible assets, net (excluding goodwill) | 16 | 24 | ||||||
| Other noncurrent assets | 112 | 135 | 121 | 115 | 135 | |||
| Other undisclosed noncurrent assets | (16) | (24) | ||||||
| Total noncurrent assets: | 1,251 | 1,261 | 1,083 | 1,065 | 1,135 | |||
| TOTAL ASSETS: | 3,328 | 2,975 | 3,131 | 3,372 | 3,689 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 520 | 589 | 508 | 680 | 902 | |||
| Accounts payable | 261 | 282 | 244 | 261 | 424 | |||
| Accrued liabilities | 259 | 307 | 264 | 279 | 322 | |||
| Employee-related liabilities | 98 | 116 | ||||||
| Taxes payable | 41 | 40 | ||||||
| Debt | 20 | 19 | 313 | 30 | 20 | |||
| Disposal group, including discontinued operation | 2 | 5 | ||||||
| Billings in excess of cost | ✕ | ✕ | 30 | 42 | ||||
| Other undisclosed current liabilities | 0 | (128) | (72) | |||||
| Total current liabilities: | 542 | 608 | 821 | 617 | 891 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation, including: | 1,139 | 806 | 758 | 1,278 | 1,281 | |||
| Other undisclosed long-term debt and lease obligation | 1,139 | 806 | 758 | 1,278 | 1,281 | |||
| Liabilities, other than long-term debt | 154 | 160 | 184 | 160 | 170 | |||
| Deferred tax liabilities, net | ✕ | 38 | 49 | 63 | 56 | 56 | ||
| Accrued environmental loss contingencies | 2 | 2 | ||||||
| Other liabilities | 116 | 111 | 121 | 102 | 112 | |||
| Other undisclosed noncurrent liabilities | (2) | (2) | ||||||
| Total noncurrent liabilities: | 1,293 | 966 | 942 | 1,436 | 1,449 | |||
| Total liabilities: | 1,835 | 1,574 | 1,763 | 2,053 | 2,340 | |||
| Stockholders' equity | ||||||||
| Stockholders' equity attributable to parent | 1,493 | 1,401 | 1,367 | 1,319 | 1,348 | |||
| Common stock | 1 | 1 | 1 | 1 | 1 | |||
| Treasury stock, value | (213) | (232) | (253) | (246) | (218) | |||
| Additional paid in capital | 353 | 349 | 359 | 366 | 359 | |||
| Accumulated other comprehensive loss | (94) | (82) | (113) | (114) | (20) | |||
| Retained earnings | 1,446 | 1,364 | 1,373 | 1,312 | 1,226 | |||
| Stockholders' equity attributable to noncontrolling interest | 0 | 0 | 0 | 0 | 0 | |||
| Total stockholders' equity: | 1,494 | 1,401 | 1,367 | 1,319 | 1,349 | |||
| TOTAL LIABILITIES AND EQUITY: | 3,328 | 2,975 | 3,131 | 3,372 | 3,689 | |||
Income statement (P&L) ($ in millions)
| 8/31/2019 | 8/31/2018 | 8/31/2017 | 8/31/2016 | 8/31/2015 | 8/31/2014 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 4,644 | 4,570 | 4,611 | 5,986 | 7,036 | ||
| Revenue, net | ✕ | ✕ | 4,570 | 4,611 | 5,989 | 7,040 | |
| 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: | 567 | 472 | 522 | 700 | 582 | ||
| Operating expenses | (401) | (427) | (437) | (458) | (442) | ||
| Operating income: | 165 | 45 | 85 | 242 | 141 | ||
| 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 | 41 | 67 | 74 | 87 | 75 | ||
| Income from continuing operations before income taxes: | 165 | 45 | 85 | 245 | 145 | ||
| Income tax expense | (30) | (12) | (13) | (83) | (43) | ||
| Income from continuing operations: | 135 | 33 | 73 | 161 | 102 | ||
| Income (loss) from discontinued operations | 3 | 14 | (18) | (20) | 13 | ||
| Net income: | 139 | 46 | 55 | 142 | 116 | ||
| Net loss attributable to noncontrolling interest | (0) | ||||||
| Net income available to common stockholders, diluted: | 139 | 46 | 55 | 142 | 116 | ||
Comprehensive Income ($ in millions)
| 8/31/2019 | 8/31/2018 | 8/31/2017 | 8/31/2016 | 8/31/2015 | 8/31/2014 | ||
|---|---|---|---|---|---|---|---|
| Net income: | 139 | 46 | 55 | 142 | 116 | ||
| Other comprehensive income (loss) | (12) | 31 | 1 | (94) | 8 | ||
| Comprehensive income: | 126 | 78 | 55 | 48 | 123 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (0) | ||||||
| Comprehensive income, net of tax, attributable to parent: | 126 | 78 | 55 | 48 | 123 | ||
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.