Mueller Industries, Inc. (MLI) financial statements (2022 and earlier)

Company profile

Business Address SUITE 100
COLLIERVILLE, TN 38017
State of Incorp. DE
Fiscal Year End December 31
SIC 335 - Rolling, Drawing, And Extruding Of Nonferrous (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 investments881199873120351275
Cash and cash equivalents881199873120351275
Receivables472358270273245256252
Inventory, net of allowances, customer advances and progress billings430315292330328242239
Inventory430315292330328242239
Other current assets29343427464535
Total current assets:1,019825694703739894800
Noncurrent Assets
Operating lease, right-of-use asset242927
Property, plant and equipment386377363371304295280
Long-term investments and receivables61384858767766
Long-term investments61384858767766
Intangible assets, net (including goodwill)233245213212172160161
Goodwill171168153150130124120
Intangible assets, net (excluding goodwill)62776062423641
Other noncurrent assets7142526282131
Total noncurrent assets:710703677667581553538
TOTAL ASSETS:1,7291,5291,3711,3701,3201,4471,339
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities230194127142136138124
Accounts payable1811488610410310388
Employee-related liabilities50464239343536
Debt 4187161412
Other liabilities145989483906774
Other undisclosed current liabilities765    
Total current liabilities:382340234233242219209
Noncurrent Liabilities
Long-term debt and lease obligation18308401490449214204
Long-term debt, excluding current maturities1287379490449214204
Operating lease, liability172222
Liabilities, other than long-term debt71807352576248
Deferred tax liabilities, net  207
Deferred income tax liabilities141721
Liability, pension and other postretirement and postemployment benefits18272214121517
Accrued environmental loss contingencies18212020242121
Other liabilities221510182162
Other undisclosed noncurrent liabilities   31371617
Total noncurrent liabilities:90388475573542292270
Total liabilities:472728709806784511479
Stockholders' equity
Stockholders' equity attributable to parent1,222777643548522899827
Common stock1111111
Treasury stock, value(470)(469)(470)(474)(446)(450)(453)
Additional paid in capital286280279277275273271
Accumulated other comprehensive loss(53)(55)(69)(80)(51)(67)(55)
Retained earnings1,4581,0209038257441,1421,064
Stockholders' equity attributable to noncontrolling interest35241915143832
Total stockholders' equity:1,257801662563536936860
TOTAL LIABILITIES AND EQUITY:1,7291,5291,3711,3701,3201,4471,339

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
Revenues3,7692,3982,4312,5082,2662,0562,100
Revenue, net2,2662,0562,100
Cost of revenue
(Cost of Goods and Services Sold)
(2,939)(1,966)(2,036)(2,150)(1,941)(1,723)(1,810)
Gross profit:830432395357325332290
Operating expenses(129)(141)(161)(145)(140)(144)(134)
Other undisclosed operating loss(45)(45)(43)(40)(34)(35)(19)
Operating income:656246191173152153137
Nonoperating income
(Other Nonoperating income)
4524212
Interest and debt expense(13)(19)(26)(25)(20)(7)(8)
Other undisclosed loss from continuing operations before equity method investments, income taxes(5)(22)(1)(1)(7)  
Income from continuing operations before equity method investments, income taxes:641209166150127146132
Income (loss) from equity method investments(0)(10)(25)(13)(2)2 
Other undisclosed income (loss) from continuing operations before income taxes01025132(2) 
Income from continuing operations before income taxes:641209166150127146132
Income tax expense(166)(55)(35)(31)(38)(48)(43)
Income before gain (loss) on sale of properties:475154131119899888
Other undisclosed net income (loss)(0)(10)(25)(13)(2)2 
Net income:4751441061078710088
Net loss attributable to noncontrolling interest(7)(4)(5)(2)(1)(0)(1)
Net income available to common stockholders, diluted:4691391011048610088

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:4751441061078710088
Other comprehensive income (loss)(0)1510(30)17(15)(13)
Comprehensive income:475159117771048575
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(5)(6)(5)(2)(3)31
Comprehensive income, net of tax, attributable to parent:470153112751018876

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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