McDermott International, Inc. (MDR) financial statements (2021 and earlier)

Company profile

Business Address 777 N. ELDRIDGE PARKWAY
HOUSTON, TX 77079
State of Incorp.
Fiscal Year End December 31
SIC 3443 - Fabricated Plate Work (Boiler Shops) (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 investments800520390596665665119
Cash and cash equivalents800520390596665665119
Restricted cash and investments3933251816117188 
Receivables1,2721,107369371275260382
Inventory, net of allowances, customer advances and progress billings52101    
Inventory52101     
Contract with customer, asset795704
Disposal group, including discontinued operation     14 
Assets held-for-sale1
Costs in excess of billings621319436358426
Other current assets1951393630355132
Other undisclosed current assets48137  8(28)120
Total current assets:3,5553,0331,4341,3321,5351,5081,080
Noncurrent Assets
Operating lease, right-of-use asset364
Property, plant and equipment2,1292,0671,6661,6871,6111,6431,479
Long-term investments and receivables4554528172717864
Long-term investments455452817274064
Accounts and financing receivable, after allowance for credit loss     137 
Intangible assets, net (including goodwill)2,0373,663    
Goodwill1,2862,654     
Intangible assets, net (excluding goodwill)7511,009     
Regulated entity, other noncurrent assets  51420 5
Deferred costs     40 
Other noncurrent assets17316358374998172
Assets held-for-sale, long lived12
Other undisclosed noncurrent assets246252135146(22)(5)
Total noncurrent assets:5,1826,4071,7891,8901,8521,9361,727
TOTAL ASSETS:8,7379,4403,2233,2223,3873,4442,807
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,7632,159650469635614558
Accounts payable1,105595279173280252399
Accrued liabilities1,6581,564337278331337138
Taxes payable  3518242521
Deferred revenue1,419
Debt946312448252740
Accrued environmental loss contingencies     46
Billings in excess of cost32192165  
Deferred tax liabilities    2018
Contract with customer, liability1,954
Other undisclosed current liabilities4,31673  17196499
Total current liabilities:9,4444,2177077098418611,121
Noncurrent Liabilities
Long-term debt and lease obligation, including:3043,45951370481986549
Long-term debt, excluding current maturities 3,393513    
Capital lease obligations66     
Operating lease, liability304
Other undisclosed long-term debt and lease obligation   70481986549
Liabilities, other than long-term debt783711214213180179203
Pension and other postretirement defined benefit plans, liabilities16
Accounts payable and accrued liabilities  63615349 
Accrued income taxes56
Deferred tax liabilities, net47     
Liability, pension and other postretirement and postemployment benefits  14192418
Accrued environmental loss contingencies      6
Other liabilities7836641211168595105
Self insurance reserve  1617191721
Other undisclosed noncurrent liabilities59     (6)
Total noncurrent liabilities:1,1464,1707279179991,044246
Total liabilities:10,5908,3871,4341,6271,8401,9051,367
Temporary equity, carrying amount290230     
Stockholders' equity
Stockholders' equity attributable to parent, including:(2,143)8001,7611,5561,4871,4881,350
Common stock196183293250247245244
Treasury stock, value(96)(96)(96)(95)(92)(96)(98)
Additional paid in capital3,5533,5391,6631,6951,68731,414
Accumulated other comprehensive loss(103)(107)(50)(67)(94)(98)(140)
Accumulated deficit(5,693)(2,719)(48)(227)(261)(240)(71)
Other undisclosed stockholders' equity attributable to parent     1,674 
Stockholders' equity attributable to noncontrolling interest 232839605191
Total stockholders' equity:(2,143)8231,7891,5951,5471,5391,440
TOTAL LIABILITIES AND EQUITY:8,7379,4403,2233,2223,3873,4442,807

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
Revenues8,4316,7052,9852,6363,0702,3012,659
Cost of revenue(8,244)(6,187)(2,449)(2,250)(2,691)(2,113)(2,801)
Cost of goods and services sold(8,244)(6,187)     
Gross profit:187518535386379188(142)
Operating expenses(2,016)(2,470)(204)(233)(225)(310)(373)
Other operating expense, net (3)(7)    
Other undisclosed operating income (loss)(253)(301) (11)(62)13151
Operating income (loss):(2,082)(2,256)324142919(465)
Nonoperating income (expense)(744)(315)(64)(60)(48)(54)16
Foreign currency transaction gain (loss), before tax   (6)(0)717
Other nonoperating income (expense)(9)(56)(1)42(0)(2)
Interest and debt expense(316)    (23) 
Other undisclosed income from continuing operations before equity method investments, income taxes     23 
Income (loss) from continuing operations before equity method investments, income taxes:(3,142)(2,571)2608243(45)(449)
Loss from equity method investments  (14)(4) (8)(16)
Other undisclosed income from continuing operations before income taxes316 144   
Income (loss) from continuing operations before income taxes:(2,826)(2,571)2608243(53)(465)
Income tax expense(58)(104)(69)(42)(52)(20)(49)
Other undisclosed income from continuing operations     816
Income (loss) before gain (loss) on sale of properties:(2,884)(2,675)19140(9)(65)(498)
Other undisclosed net loss (3)(14)(4)   
Net income (loss):(2,884)(2,678)17736(9)(65)(498)
Net income (loss) attributable to noncontrolling interest(25)(9)1(2)(9)(11)(19)
Net income (loss) attributable to parent:(2,909)(2,687)17934(18)(76)(517)
Preferred stock dividends and other adjustments(44)(3)     
Other undisclosed net loss available to common stockholders, basic(16)(1)     
Net income (loss) available to common stockholders, diluted:(2,969)(2,691)17934(18)(76)(517)

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 (loss):(2,884)(2,678)17736(9)(65)(498)
Other comprehensive income (loss)4(56)16274(50)(46)
Comprehensive income (loss):(2,880)(2,734)19463(5)(116)(544)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(25)(9)1(2)(9)(11)19
Other undisclosed comprehensive loss, net of tax, attributable to parent      (38)
Comprehensive income (loss), net of tax, attributable to parent:(2,905)(2,743)19561(14)(126)(563)

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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