Mistras Group Inc (MG) financial statements (2022 and earlier)

Company profile

Business Address 195 CLARKSVILLE ROAD
PRINCETON JUNCTION, NJ 08550
State of Incorp. DE
Fiscal Year End December 31
SIC 8711 - Engineering Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
5/31/2016
5/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments24,11025,76015,01625,54427,54121,18810,555
Cash and cash equivalents24,11025,76015,01625,54427,54121,18810,555
Receivables109,511107,628135,997148,324138,080137,913133,228
Inventory, net of allowances, customer advances and progress billings12,68613,13413,41313,05310,5039,91810,841
Inventory12,68613,13413,41313,05310,5039,91810,841
Contract with customer, asset11,90011,900  
Other undisclosed current assets3,1314,16614,72915,87018,88418,92716,842
Total current assets:161,338162,588179,155202,791195,008187,946171,466
Noncurrent Assets
Finance lease, right-of-use asset13,800  
Operating lease, right-of-use asset42,451  
Property, plant and equipment 92,68198,60793,89587,14378,67679,256
Intangible assets, net (including goodwill)264,820274,650391,947390,654267,177212,712217,690
Goodwill205,439206,008282,410279,259203,438169,220166,414
Intangible assets, net (excluding goodwill)59,38168,642109,537111,39563,73943,49251,276
Deferred income tax assets2,1742,0691,786
Other noncurrent assets47,28551,32548,3834,7673,5072,3412,107
Other undisclosed noncurrent assets30,327  1,9301,6061,0001,208
Total noncurrent assets:400,857420,725540,723491,246359,433294,729300,261
TOTAL ASSETS:562,195583,313719,878694,037554,441482,675471,727
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities39,08740,53742,85142,35338,25829,40829,908
Accounts payable12,87014,24015,03313,86310,36210,79610,529
Accrued liabilities25,46223,63325,72426,53221,82715,90218,847
Taxes payable7552,6642,0941,9586,0692,710532
Deferred revenue6,2026,5385,860
Debt23,92714,44320,85710,7558,23320,38826,548
Business combination, contingent consideration, liability1,8301,3002,6141,6873,4301,0293,543
Deferred revenue and credits5,0466,3383,3323,841
Other undisclosed current liabilities50,36947,02937,05840,63033,96642,72029,683
Total current liabilities:121,415109,847109,240100,47190,22596,87793,523
Noncurrent Liabilities
Long-term debt and lease obligation192,155220,653261,163292,862173,25884,388106,274
Long-term debt, excluding current maturities182,403209,538248,120283,787164,52072,45695,557
Finance lease, liability9,75211,11513,043
Capital lease obligations9,0758,73811,93210,717
Liabilities, other than long-term debt47,71355,59463,4536,48220,16625,12226,918
Deferred tax liabilities, net 8,80318,32816,984
Deferred income tax liabilities8,3858,23621,290
Other liabilities39,32847,35842,1636,48211,3636,7949,934
Other undisclosed noncurrent liabilities   23,148   
Total noncurrent liabilities:239,868276,247324,616322,492193,424109,510133,192
Total liabilities:361,283386,094433,856422,963283,649206,387226,715
Stockholders' equity
Stockholders' equity attributable to parent200,683197,021285,822270,897270,619276,163244,819
Common stock295292289285282290287
Additional paid in capital238,687234,638229,205226,616222,425213,737208,064
Accumulated other comprehensive loss(20,311)(16,061)(21,285)(27,557)(16,805)(20,099)(21,113)
Retained earnings (accumulated deficit)(17,988)(21,848)77,61371,55364,71782,23557,581
Stockholders' equity attributable to noncontrolling interest229198200177173125193
Total stockholders' equity:200,912197,219286,022271,074270,792276,288245,012
TOTAL LIABILITIES AND EQUITY:562,195583,313719,878694,037554,441482,675471,727

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
5/31/2016
5/31/2015
Revenues677,131592,571748,586742,354700,970719,181711,252
Revenue, net700,970719,181711,252
Cost of revenue(479,984)(414,040)(531,289)(22,456)(492,238)(494,911)(506,281)
Cost of goods and services sold(479,984)(414,040)(531,289)(22,456)(21,020)(21,262)(20,238)
Other undisclosed gross profit   (512,024)(21,020)(21,262)(20,238)
Gross profit:197,147178,531217,297207,874187,712203,008184,733
Operating expenses(177,849)(279,411)(191,801)(181,619)(183,070)(154,964)(159,547)
Other undisclosed operating income (loss)(1,128)(337)(1,359)(4,034)(482)(4,867)5,167
Operating income (loss):18,170(101,217)24,13722,2214,16043,17730,353
Nonoperating expense      (4,016)
Investment income, nonoperating      (2,516)
Foreign currency transaction loss, before tax      (1,500)
Interest and debt expense(10,882)(12,955)(13,698)(7,950)(4,386)(4,762)(4,622)
Other undisclosed income from continuing operations before equity method investments, income taxes      4,016
Income (loss) from continuing operations before income taxes:7,288(114,172)10,43914,271(226)38,41525,731
Income tax expense (benefit)(3,395)14,706(4,359)(7,426)(1,942)(13,765)(9,740)
Net income (loss):3,893(99,466)6,0806,845(2,168)24,65015,991
Net income (loss) attributable to noncontrolling interest(33)5(20)(9)(7)490
Net income (loss) available to common stockholders, diluted:3,860(99,461)6,0606,836(2,175)24,65416,081

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
5/31/2016
5/31/2015
Net income (loss):3,893(99,466)6,0806,845(2,168)24,65015,991
Other comprehensive income (loss)(4,252) 6,275(10,757)12,923950(19,607)
Other undisclosed comprehensive income (loss)   5(4)645
Comprehensive income (loss):(359)(99,466)12,355(3,907)10,75125,664(3,611)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(33)5(20)(9)(7)490
Other undisclosed comprehensive income (loss), net of tax, attributable to parent25,224 (5)415
Comprehensive income (loss), net of tax, attributable to parent:(390)(94,237)12,335(3,921)10,74825,669(3,516)

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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