Macquarie Infrastructure Corporation (MIC) financial statements (2021 and earlier)

Company profile

Business Address 125 WEST 55TH STREET, 15TH FLOOR
NEW YORK, NY 10019
State of Incorp. DE
Fiscal Year End December 31
SIC 5172 - Petroleum and Petroleum Products Wholesalers, Except Bulk Stations and Terminals (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 investments1,82835758947452248
Cash and cash equivalents1,82835758947452248
Restricted cash and investments1112325161921
Receivables4797951581259697
Inventory, net of allowances, customer advances and progress billings17312937312928
Inventory17312937312928
Prepaid expense8131315152214
Derivative instruments and hedges, assets  11126  
Disposal group, including discontinued operation  648    
Other current assets930131472823
Other undisclosed current assets     2325
Total current assets:1,9205291,420308245240257
Noncurrent Assets
Operating lease, right-of-use asset323336
Property, plant and equipment8543,2023,1414,6604,3474,1163,363
Long-term investments and receivables 98109810
Long-term investments 98109810
Intangible assets, net (including goodwill)1,0742,7722,8322,9832,9132,9522,956
Goodwill6162,0432,0432,0692,0242,0171,996
Intangible assets, net (excluding goodwill)458729789914889935960
Derivative instruments and hedges  152431 1
Deferred costs     4732
Other noncurrent assets813272515167
Total noncurrent assets:2,2596,3326,0237,7017,3157,1396,368
TOTAL ASSETS:4,1796,8617,4448,0097,5597,3796,625
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities208154125151153135175
Accounts payable30673861705750
Accrued liabilities46868689847977
Employee-related liabilities 111  27
Taxes payable132     13
Interest and dividends payable      8
Debt 20   4030
Derivative instruments and hedges, liabilities 73292032
Disposal group, including discontinued operation  317    
Other liabilities23423348424131
Other undisclosed current liabilities9907360554773(43)
Total current liabilities:1,221230838256251309224
Noncurrent Liabilities
Long-term debt and lease obligation1,8672,9742,6533,5303,0402,7932,367
Long-term debt, excluding current maturities1,5552,6542,6533,5303,0402,7932,365
Capital lease obligations    2
Operating lease, liability312320
Liabilities, other than long-term debt1978468378191,0601,0661,063
Deferred tax liabilities, net681632896840904
Deferred income tax liabilities127679
Liability, pension and other postretirement and postemployment benefits     59 
Other liabilities70167156183158150132
Derivative instruments and hedges, liabilities   561628
Other undisclosed noncurrent liabilities   53609 
Total noncurrent liabilities:2,0643,8203,4894,4024,1613,8683,431
Total liabilities:3,2854,0504,3274,6584,4124,1763,655
Stockholders' equity
Stockholders' equity attributable to parent8852,8022,9653,1542,9533,0302,787
Common stock  00001,943
Additional paid in capital1781,1981,5101,8402,0892,31721
Accumulated other comprehensive loss(6)(37)(30)(30)(29)(23)(22)
Retained earnings7131,6411,4841,344892736845
Stockholders' equity attributable to noncontrolling interest99152197195172183
Total stockholders' equity:8942,8113,1163,3513,1483,2022,970
TOTAL LIABILITIES AND EQUITY:4,1796,8617,4448,0097,5597,3796,625

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
Revenues8471,7271,7621,8151,6521,6391,351
Revenue, net1,8151,6521,6391,349
Cost of revenue(451)(1,045)(1,159)(1,094)(962)(1,290)(1,007)
Cost of goods and services sold   (789)(667)(720)(739)
Gross profit:396682602721690349344
Operating expenses(387)(393)(370)(400)(368)(408)(309)
Operating income (loss):9289232321321(59)34
Nonoperating income (expense)(1)5(5)12223(22)
Investment income, nonoperating171000(20)
Other nonoperating income (expense)(2)(2)(6)11223(1)
Interest and debt expense(87)(154)(113)(111)(117)(123)(73)
Income (loss) from continuing operations before equity method investments, income taxes:(79)140114222226(179)(61)
Income from equity method investments      26
Other undisclosed income from continuing operations before income taxes      1,050
Income (loss) from continuing operations before income taxes:(79)140114222226(179)1,015
Income tax expense (benefit)(127)(39)(49)234(71)6524
Income (loss) from continuing operations:(206)10165456155(114)1,039
Income (loss) from discontinued operations(722)5230    
Net income (loss):(928)15394456155(114)1,039
Net income (loss) attributable to noncontrolling interest   (5)253
Other undisclosed net income attributable to parent 342    
Net income (loss) available to common stockholders, basic:(928)156137451156(109)1,042
Interest on convertible debt      3
Other undisclosed net income (loss) available to common stockholders, diluted722(55)(68)16(5)  
Net income (loss) available to common stockholders, diluted:(206)10168467152(109)1,045

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 (loss):(928)15394456155(114)1,039
Other comprehensive income (loss)31(7)4(1)0(6)(15)
Comprehensive income (loss):(897)14698455155(119)1,024
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 342(5)095
Comprehensive income (loss), net of tax, attributable to parent:(897)149141450155(110)1,029

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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