Masco Corporation (MAS) financial statements (2022 and earlier)

Company profile

Business Address 17450 COLLEGE PARKWAY
LIVONIA, MI 48152
State of Incorp. DE
Fiscal Year End December 31
SIC 343 - Heating Equipment, Except Electric And Warm Air; (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9261,3266975591,3021,1911,716
Cash and cash equivalents9261,3266975591,1949901,468
Short-term investments    108201248
Receivables1,1711,1389971,1531,021917853
Inventory, net of allowances, customer advances and progress billings1,216876754946796712687
Inventory1,216876754946796712687
Disposal group, including discontinued operation  173    
Other undisclosed current assets109149901089611472
Total current assets:3,4223,4892,7112,7663,2152,9343,328
Noncurrent Assets
Operating lease, right-of-use asset187166 
Property, plant and equipment8969088781,2231,1291,0601,027
Intangible assets, net (including goodwill)9569207681,3041,028986999
Goodwill568563509898841832839
Intangible assets, net (excluding goodwill)388357259406187154160
Disposal group, including discontinued operation, noncurrent assets  355    
Other noncurrent assets114294139100116157326
Other undisclosed noncurrent assets  176    
Total noncurrent assets:2,1532,2882,3162,6272,2732,2032,352
TOTAL ASSETS:5,5755,7775,0275,3935,4885,1375,680
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,9291,9311,3971,6761,5121,4581,501
Accounts payable1,045893697926824800749
Accrued liabilities8841,038700750688658752
Debt1032811621,005
Disposal group, including discontinued operation  149    
Total current liabilities:1,9391,9341,5481,6841,6281,4602,506
Noncurrent Liabilities
Long-term debt and lease obligation3,1212,9412,7712,9712,9692,9952,418
Long-term debt, excluding current maturities2,9492,7922,7712,9712,9692,9952,418
Operating lease, liability172149 
Liabilities, other than long-term debt437481764669715785698
Disposal group, including discontinued operation, liabilities  13    
Other liabilities437481751669715785698
Total noncurrent liabilities:3,5583,4223,5353,6403,6843,7803,116
Total liabilities:5,4975,3565,0835,3245,3125,2405,622
Temporary equity, carrying amount22      
Stockholders' equity
Stockholders' equity attributable to parent(179)195(235)(111)(60)(298)(135)
Common stock241258276294310318330
Accumulated other comprehensive income (loss)232(142)(179)(127)(65)(235)(165)
Retained earnings (accumulated deficit)(652)79(332)(278)(305)(381)(300)
Stockholders' equity attributable to noncontrolling interest235226179180236195193
Total stockholders' equity:56421(56)69176(103)58
TOTAL LIABILITIES AND EQUITY:5,5755,7775,0275,3935,4885,1375,680

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues8,3757,1886,7078,3597,6447,3577,142
Revenue, net7,6447,3577,142
Cost of revenue
(Cost of Goods and Services Sold)
(5,512)(4,601)(4,336)(5,670)(5,033)(4,901)(4,889)
Gross profit:2,8632,5872,3712,6892,6112,4562,253
Operating expenses(1,458)(1,292)(1,283)(1,478)(1,442)(1,403)(1,339)
Operating income:1,4051,2951,0881,2111,1691,053914
Nonoperating expense(717)(164)(174)(169)(284)(223)(225)
Other nonoperating income (expense)(439)(20)(15)(13)(6)6 
Interest and debt expense(160)(144)(2)(156)(104)(229)(225)
Income from continuing operations before equity method investments, income taxes:528987912886781601464
Other undisclosed income from continuing operations before income taxes1601442156104229225
Income from continuing operations before income taxes:6881,1319141,042885830689
Income tax expense(210)(269)(230)(258)(305)(296)(293)
Income from continuing operations:478862684784580534396
Income (loss) from discontinued operations 414296   (2)
Net income:4781,276980784580534394
Net loss attributable to noncontrolling interest(68)(52)(45)(50)(47)(43)(39)
Net income attributable to parent:4101,224935734533491355
Undistributed earnings (loss) allocated to participating securities, basic(2)(6)(4)(7) 
Other undisclosed net loss available to common stockholders, basic(2)(3)(2) (5)(6)(5)
Net income available to common stockholders, diluted:4061,215929727528485350

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:4781,276980784580534394
Other comprehensive income (loss)35955(56)(20)199(80)(68)
Comprehensive income:8371,331924764779454326
Comprehensive loss, net of tax, attributable to noncontrolling interest(53)(70)(41)(33)(76)(33)(25)
Comprehensive income, net of tax, attributable to parent:7841,261883731703421301

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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