Mistras Group Inc (MG) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
195 CLARKSVILLE ROAD PRINCETON JUNCTION, NJ 08550 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 8711 - Engineering Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 20,488 | 24,110 | 25,760 | 15,016 | 25,544 | 27,541 | |||
| Cash and cash equivalents | 20,488 | 24,110 | 25,760 | 15,016 | 25,544 | 27,541 | |||
| Receivables | 123,657 | 109,511 | 107,628 | 135,997 | 148,324 | 138,080 | |||
| Inventory, net of allowances, customer advances and progress billings | 13,556 | 12,686 | 13,134 | 13,413 | 13,053 | 10,503 | |||
| Inventory | 13,556 | 12,686 | 13,134 | 13,413 | 13,053 | 10,503 | |||
| Contract with customer, asset, after allowance for credit loss | 11,900 | 11,900 | ✕ | ||||||
| Other undisclosed current assets | 10,181 | 3,131 | 4,166 | 14,729 | 15,870 | 18,884 | |||
| Total current assets: | 167,882 | 161,338 | 162,588 | 179,155 | 202,791 | 195,008 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 13,000 | 13,800 | ✕ | ✕ | |||||
| Operating lease, right-of-use asset | 36,946 | 42,451 | ✕ | ✕ | |||||
| Property, plant and equipment | 92,681 | 98,607 | 93,895 | 87,143 | |||||
| Intangible assets, net (including goodwill) | 248,650 | 264,820 | 274,650 | 391,947 | 390,654 | 267,177 | |||
| Goodwill | 199,635 | 205,439 | 206,008 | 282,410 | 279,259 | 203,438 | |||
| Intangible assets, net (excluding goodwill) | 49,015 | 59,381 | 68,642 | 109,537 | 111,395 | 63,739 | |||
| Deferred income tax assets | 779 | 2,174 | 2,069 | 1,786 | ✕ | ✕ | |||
| Other noncurrent assets | 40,032 | 47,285 | 51,325 | 48,383 | 4,767 | 3,507 | |||
| Other undisclosed noncurrent assets | 27,615 | 30,327 | 1,930 | 1,606 | |||||
| Total noncurrent assets: | 367,022 | 400,857 | 420,725 | 540,723 | 491,246 | 359,433 | |||
| TOTAL ASSETS: | 534,904 | 562,195 | 583,313 | 719,878 | 694,037 | 554,441 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 40,405 | 39,087 | 40,537 | 42,851 | 42,353 | 38,258 | |||
| Taxes payable | ✕ | ✕ | 755 | 2,664 | 2,094 | 1,958 | 6,069 | ||
| Accounts payable | 12,532 | 12,870 | 14,240 | 15,033 | 13,863 | 10,362 | |||
| Accrued liabilities | 27,873 | 25,462 | 23,633 | 25,724 | 26,532 | 21,827 | |||
| Deferred revenue | 7,521 | 6,202 | 6,538 | 5,860 | ✕ | ✕ | |||
| Debt | 11,626 | 23,927 | 14,443 | 20,857 | 10,755 | 8,233 | |||
| Business combination, contingent consideration, liability | 937 | 1,830 | 1,300 | 2,614 | 1,687 | 3,430 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | 5,046 | 6,338 | ||
| Other undisclosed current liabilities | 43,239 | 50,369 | 47,029 | 37,058 | 40,630 | 33,966 | |||
| Total current liabilities: | 103,728 | 121,415 | 109,847 | 109,240 | 100,471 | 90,225 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 193,871 | 192,155 | 220,653 | 261,163 | 292,862 | 173,258 | |||
| Long-term debt, excluding current maturities | 183,826 | 182,403 | 209,538 | 248,120 | 283,787 | 164,520 | |||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | ✕ | 9,075 | 8,738 | ||
| Finance lease, liability | 10,045 | 9,752 | 11,115 | 13,043 | ✕ | ✕ | |||
| Liabilities, other than long-term debt | 38,556 | 47,713 | 55,594 | 63,453 | 6,482 | 20,166 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | 8,803 | |||
| Deferred income tax liabilities | 6,283 | 8,385 | 8,236 | 21,290 | ✕ | ✕ | |||
| Other liabilities | 32,273 | 39,328 | 47,358 | 42,163 | 6,482 | 11,363 | |||
| Other undisclosed noncurrent liabilities | 23,148 | ||||||||
| Total noncurrent liabilities: | 232,427 | 239,868 | 276,247 | 324,616 | 322,492 | 193,424 | |||
| Total liabilities: | 336,155 | 361,283 | 386,094 | 433,856 | 422,963 | 283,649 | |||
| Equity | |||||||||
| Equity, attributable to parent | 198,450 | 200,683 | 197,021 | 285,822 | 270,897 | 270,619 | |||
| Common stock | 298 | 295 | 292 | 289 | 285 | 282 | |||
| Additional paid in capital | 243,031 | 238,687 | 234,638 | 229,205 | 226,616 | 222,425 | |||
| Accumulated other comprehensive loss | (33,390) | (20,311) | (16,061) | (21,285) | (27,557) | (16,805) | |||
| Retained earnings (accumulated deficit) | (11,489) | (17,988) | (21,848) | 77,613 | 71,553 | 64,717 | |||
| Equity, attributable to noncontrolling interest | 299 | 229 | 198 | 200 | 177 | 173 | |||
| Total equity: | 198,749 | 200,912 | 197,219 | 286,022 | 271,074 | 270,792 | |||
| TOTAL LIABILITIES AND EQUITY: | 534,904 | 562,195 | 583,313 | 719,878 | 694,037 | 554,441 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 687,373 | 677,131 | 592,571 | 748,586 | 742,354 | 700,970 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 700,970 | |
| Cost of revenue | (489,200) | (479,984) | (414,040) | (531,289) | (22,456) | (492,238) | ||
| Cost of goods and services sold | (489,200) | (479,984) | (414,040) | (531,289) | (22,456) | (21,020) | ||
| Other undisclosed gross profit | (512,024) | (21,020) | ||||||
| Gross profit: | 198,173 | 197,147 | 178,531 | 217,297 | 207,874 | 187,712 | ||
| Operating expenses | (178,329) | (177,849) | (279,411) | (191,801) | (181,619) | (183,070) | ||
| Other undisclosed operating loss | (45) | (1,128) | (337) | (1,359) | (4,034) | (482) | ||
| Operating income (loss): | 19,799 | 18,170 | (101,217) | 24,137 | 22,221 | 4,160 | ||
| Interest and debt expense | (10,505) | (10,882) | (12,955) | (13,698) | (7,950) | (4,386) | ||
| Income (loss) from continuing operations before income taxes: | 9,294 | 7,288 | (114,172) | 10,439 | 14,271 | (226) | ||
| Income tax expense (benefit) | (2,720) | (3,395) | 14,706 | (4,359) | (7,426) | (1,942) | ||
| Income (loss) from continuing operations: | 6,574 | 3,893 | (99,466) | 6,080 | 6,845 | (2,168) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | 3,893 | (99,466) | 6,080 | 6,845 | (2,168) | ||
| Net income (loss): | 6,574 | 3,893 | (99,466) | 6,080 | 6,845 | (2,168) | ||
| Net income (loss) attributable to noncontrolling interest | (75) | (33) | 5 | (20) | (9) | (7) | ||
| Other undisclosed net loss attributable to parent | ||||||||
| Net income (loss) available to common stockholders, diluted: | 6,499 | 3,860 | (99,461) | 6,060 | 6,836 | (2,175) | ||
Comprehensive Income ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 6,574 | 3,893 | (99,466) | 6,080 | 6,845 | (2,168) | ||
| Other comprehensive income (loss) | (13,084) | (4,252) | 6,275 | (10,757) | 12,923 | |||
| Other undisclosed comprehensive income (loss) | 5 | (4) | ||||||
| Comprehensive income (loss): | (6,510) | (359) | (99,466) | 12,355 | (3,907) | 10,751 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (75) | (33) | 5 | (20) | (9) | (7) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 5 | 2 | 5,224 | (5) | 4 | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (6,580) | (390) | (94,237) | 12,335 | (3,921) | 10,748 | ||
Statements Sources
The financial statements are based on the Company's filings with 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.