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 343 - Heating Equipment, Except Electric And Warm Air; (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,3266975591,3021,1911,7161,689
Cash and cash equivalents1,3266975591,1949901,4681,383
Short-term investments   108201248306
Receivables1,1389971,1531,0219178531,040
Inventory, net of allowances, customer advances and progress billings876754946796712687819
Inventory876754946796712687819
Disposal group, including discontinued operation 173     
Deferred tax assets    244
Other undisclosed current assets14990108961147271
Total current assets:3,4892,7112,7663,2152,9343,3283,863
Noncurrent Assets
Operating lease, right-of-use asset166 
Property, plant and equipment9088781,2231,1291,0601,0271,139
Long-term investments and receivables      50
Long-term investments      50
Intangible assets, net (including goodwill)9207681,3041,0289869992,029
Goodwill5635098988418328391,884
Intangible assets, net (excluding goodwill)357259406187154160145
Disposal group, including discontinued operation, noncurrent assets 355     
Deferred costs      19
Other noncurrent assets294139100116157326136
Other undisclosed noncurrent assets 176    (69)
Total noncurrent assets:2,2882,3162,6272,2732,2032,3523,304
TOTAL ASSETS:5,7775,0275,3935,4885,1375,6807,167
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,9311,3971,6761,5121,4581,5011,735
Accounts payable893697926824800749950
Accrued liabilities1,038700750688658752756
Taxes payable      29
Debt32811621,005505
Disposal group, including discontinued operation 149     
Other undisclosed current liabilities      (29)
Total current liabilities:1,9341,5481,6841,6281,4602,5062,211
Noncurrent Liabilities
Long-term debt and lease obligation2,9412,7712,9712,9692,9952,4182,919
Long-term debt, excluding current maturities2,7922,7712,9712,9692,9952,4182,919
Operating lease, liability149 
Liabilities, other than long-term debt481764669715785698909
Deferred tax liabilities, net    106
Disposal group, including discontinued operation, liabilities 13     
Other liabilities481751669715785698803
Total noncurrent liabilities:3,4223,5353,6403,6843,7803,1163,828
Total liabilities:5,3565,0835,3245,3125,2405,6226,039
Stockholders' equity
Stockholders' equity attributable to parent195(235)(111)(60)(298)(135)924
Common stock258276294310318330345
Accumulated other comprehensive loss(142)(179)(127)(65)(235)(165)(111)
Retained earnings (accumulated deficit)79(332)(278)(305)(381)(300)690
Stockholders' equity attributable to noncontrolling interest226179180236195193204
Total stockholders' equity:421(56)69176(103)581,128
TOTAL LIABILITIES AND EQUITY:5,7775,0275,3935,4885,1375,6807,167

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues7,1886,7078,3597,6447,3577,1428,521
Revenue, net7,6447,3577,1428,521
Cost of revenue
(Cost of Goods and Services Sold)
(4,601)(4,336)(5,670)(5,033)(4,901)(4,889)(6,134)
Gross profit:2,5872,3712,6892,6112,4562,2532,387
Operating expenses(1,292)(1,283)(1,478)(1,442)(1,403)(1,339)(1,603)
Other undisclosed operating income      4
Operating income:1,2951,0881,2111,1691,053914788
Nonoperating expense(164)(174)(169)(284)(223)(225)(213)
Interest and debt expense(144)(2)(156)(104)(229)(225)(225)
Income from continuing operations before equity method investments, income taxes:987912886781601464350
Loss from equity method investments      (2)
Other undisclosed income from continuing operations before income taxes1442156104229225227
Income from continuing operations before income taxes:1,1319141,042885830689575
Income tax expense (benefit)(269)(230)(258)(305)(296)(293)333
Income from continuing operations:862684784580534396908
Income (loss) from discontinued operations414296   (2)1
Income before gain (loss) on sale of properties:1,276980784580534394909
Other undisclosed net loss      (6)
Net income:1,276980784580534394903
Net loss attributable to noncontrolling interest(52)(45)(50)(47)(43)(39)(47)
Net income attributable to parent:1,224935734533491355856
Undistributed earnings (loss) allocated to participating securities, basic(6)(4)(7) 
Other undisclosed net loss available to common stockholders, basic(3)(2) (5)(6)(5)(17)
Net income available to common stockholders, diluted:1,215929727528485350839

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:1,276980784580534394903
Other comprehensive income (loss)55(56)(20)199(80)(68)(263)
Comprehensive income:1,331924764779454326640
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(70)(41)(33)(76)(33)(25)10
Other undisclosed comprehensive loss, net of tax, attributable to parent      (20)
Comprehensive income, net of tax, attributable to parent:1,261883731703421301630

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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