McGrath RentCorp (MGRC) financial statements (2022 and earlier)

Company profile

Business Address 5700 LAS POSITAS RD
LIVERMORE, CA 94551
State of Incorp. CA
Fiscal Year End December 31
SIC 7359 - Equipment Rental and Leasing, Not Elsewhere Classified (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 investments1122311
Cash and cash equivalents1122311
Receivables46393732302825
Total current assets:48404034332926
Noncurrent Assets
Operating lease, right-of-use asset11810
Property, plant and equipment135136131127119112110
Intangible assets, net (including goodwill)179353635363637
Goodwill132282828282828
Intangible assets, net (excluding goodwill)47777899
Total noncurrent assets:326180177162155149147
Other undisclosed assets1,2221,0561,0941,022961951980
TOTAL ASSETS:1,5961,2761,3101,2171,1481,1281,153
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt242216     
Deferred income tax liabilities242216 
Total noncurrent liabilities:242216     
Other undisclosed liabilities621377676646624734773
Total liabilities:864593676646624734773
Stockholders' equity
Stockholders' equity attributable to parent732683634572524394380
Common stock109106106104103102101
Accumulated other comprehensive loss(0)(0)(0)(0)(0)(0)(0)
Retained earnings623576528468421293279
Total stockholders' equity:732683634572524394380
TOTAL LIABILITIES AND EQUITY:1,5961,2761,3101,2171,1481,1281,153

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
Revenues617573570498462424405
Revenue, net927455
Operating lease, lease income440400408
Operating leases, income statement, lease revenue402
Cost of revenue(336)(309)(304)(265)(256)(240)(228)
Cost of goods and services sold(79)(81)(68)(59)(256)(240)(228)
Other cost of operating revenue(91)(74)(79)(69)   
Gross profit:281264266233206184177
Operating expenses(149)(123)(125)(116)(112)(105)(100)
Operating income:132141141117957977
Nonoperating income (expense)
(Foreign Currency Transaction Gain (Loss), before Tax)
(0)00(0)0(0)(0)
Interest and debt expense(10)(9)(12)(12)(12)(12)(10)
Income from continuing operations before income taxes:122132129105836766
Income tax expense (benefit)(32)(30)(32)(25)70(29)(26)
Income before gain (loss) on sale of properties:9010297791543840
Other undisclosed net loss(0)      
Net income:9010297791543840
Other undisclosed net income attributable to parent0      
Net income available to common stockholders, diluted:9010297791543840

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:9010297791543840
Other comprehensive income (loss)0(0)(0)0(0)00
Comprehensive income:9010297801543841
Other undisclosed comprehensive income, net of tax, attributable to parent0      
Comprehensive income, net of tax, attributable to parent:9010297801543841

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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