Masco Corporation (MAS) financial statements (2021 and earlier)

Company profile

Business Address 17450 COLLEGE PARKWAY
LIVONIA, MI 48152
State of Incorp. DE
Fiscal Year End December 31
SIC 243 - Millwork, Veneer, Plywood, And Structural Wood (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6975591,3021,1911,7161,6891,544
Cash and cash equivalents6975591,1949901,4681,3831,223
Short-term investments  108201248306321
Receivables9971,1531,0219178531,0401,004
Inventory, net of allowances, customer advances and progress billings754946796712687819765
Inventory754946796712687819765
Disposal group, including discontinued operation173      
Deferred tax assets    244 
Other undisclosed current assets90108961147271155
Total current assets:2,7112,7663,2152,9343,3283,8633,468
Noncurrent Assets
Property, plant and equipment8781,2231,1291,0601,0271,1391,252
Long-term investments and receivables     5090
Long-term investments     5088
Accounts and financing receivable, after allowance for credit loss      2
Intangible assets, net (including goodwill)7681,3041,0289869992,0292,052
Goodwill5098988418328391,8841,903
Intangible assets, net (excluding goodwill)259406187154160145149
Disposal group, including discontinued operation, noncurrent assets355     
Deferred costs     1924
Other noncurrent assets139100116157326136161
Other undisclosed noncurrent assets176    (69)(114)
Total noncurrent assets:2,3162,6272,2732,2032,3523,3043,465
TOTAL ASSETS:5,0275,3935,4885,1375,6807,1676,933
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,3971,6761,5121,4581,5011,7351,804
Accounts payable697926824800749950902
Accrued liabilities700750688658752756874
Taxes payable     2928
Debt2811621,0055056
Derivative instruments and hedges, liabilities      5
Estimated litigation liability      4
Disposal group, including discontinued operation149      
Other undisclosed current liabilities     (29)(37)
Total current liabilities:1,5481,6841,6281,4602,5062,2111,782
Noncurrent Liabilities
Long-term debt and lease obligation2,7712,9712,9692,9952,4182,9193,421
Long-term debt, excluding current maturities2,7712,9712,9692,9952,4182,9193,421
Liabilities, other than long-term debt764669715785698909 
Deferred tax liabilities, net    106 
Disposal group, including discontinued operation, liabilities13      
Other liabilities751669715785698803 
Other undisclosed noncurrent liabilities      967
Total noncurrent liabilities:3,5353,6403,6843,7803,1163,8284,388
Total liabilities:5,0835,3245,3125,2405,6226,0396,170
Stockholders' equity
Stockholders' equity attributable to parent(235)(111)(60)(298)(135)924535
Common stock276294310318330345349
Additional paid in capital      16
Accumulated other comprehensive income (loss)(179)(127)(65)(235)(165)(111)115
Retained earnings (accumulated deficit)(332)(278)(305)(381)(300)69055
Stockholders' equity attributable to noncontrolling interest179180236195193204228
Total stockholders' equity:(56)69176(103)581,128763
TOTAL LIABILITIES AND EQUITY:5,0275,3935,4885,1375,6807,1676,933

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues6,7078,3597,6447,3577,1428,5218,173
Revenue, net7,6447,3577,1428,5218,173
Cost of revenue
(Cost of Goods and Services Sold)
(4,336)(5,670)(5,033)(4,901)(4,889)(6,134)(5,918)
Gross profit:2,3712,6892,6112,4562,2532,3872,255
Operating expenses(1,283)(1,478)(1,442)(1,403)(1,339)(1,603)(1,597)
Other undisclosed operating income     415
Operating income:1,0881,2111,1691,053914788673
Nonoperating expense(174)(169)(284)(223)(225)(213)(239)
Interest and debt expense(2)(156)(104)(229)(225)(225)(235)
Income from continuing operations before equity method investments, income taxes:912886781601464350199
Loss from equity method investments     (2) 
Other undisclosed income from continuing operations before income taxes2156104229225227235
Income from continuing operations before income taxes:9141,042885830689575434
Income tax expense (benefit)(230)(258)(305)(296)(293)333(111)
Income from continuing operations:684784580534396908323
Income (loss) from discontinued operations296   (2)14
Income before gain (loss) on sale of properties:980784580534394909327
Other undisclosed net loss     (6)(14)
Net income:980784580534394903313
Net loss attributable to noncontrolling interest(45)(50)(47)(43)(39)(47)(41)
Net income attributable to parent:935734533491355856272
Undistributed earnings (loss) allocated to participating securities, basic(4)(7) 
Other undisclosed net loss available to common stockholders, basic(2) (5)(6)(5)(17)(6)
Net income available to common stockholders, diluted:929727528485350839266

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:980784580534394903313
Other comprehensive income (loss)(56)(20)199(80)(68)(263)65
Comprehensive income:924764779454326640378
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(41)(33)(76)(33)(25)1050
Other undisclosed comprehensive loss, net of tax, attributable to parent     (20)(100)
Comprehensive income, net of tax, attributable to parent:883731703421301630328

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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